Top Mortgage Lenders in DC

Now is the time to check out the top mortgage lenders in DC, the capital of the United States of America.

In 2021, nearly 800 mortgage companies are expected to originate roughly $139 billion in home loans in the district.

It was one of the largest totals for a state, even though the District of Columbia is not actually a state.

Anyway, there can only be one… top mortgage lender to rule the rest. And as you might have guessed, it was Rocket Mortgage.

Some local companies also made the list of top-10. Read on to see who.

Top Mortgage Lenders in DC (Overall)

grade name of the company 2021 loan amount
1. rocket hostage $8.4 billion
2. pennymac $6.4 billion
3. liberty mortgage $5.5 billion
4. truest $5.4 billion
5. Wells Fargo $5.1 billion
6. loandepot $4.7 billion
7. mr cooper $3.3 billion
8. McLean Mortgage $3.1 billion
9. intercostal mortgage $3.1 billion
10. uwm $3.1 billion

In 2021, rocket hostage Led by the District of Columbia with $8.4 billion in solid wealth, according to HMDA data richie may,

they were followed by the los angeles based pennymac With $6.4 billion, it is a top correspondent lender.

was in the third liberty mortgage with approximately $5.4 billion, Truist with $5.1 billion, and Wells Fargo with $4.7 billion.

Top 10 includes bottom half loandepotMr. Cooper, McLean MortgageIntercoastal Mortgage, and United Wholesale Mortgage.

Both McLean Mortgage and Intercoastal Mortgage can be considered local companies since both call their Fairfax, Virginia homes.

It is always good to see some homegrown lenders mixing it up with the bigger national brands.

Top Mortgage Lenders in Washington DC (For Home Buyers)

grade name of the company 2021 loan amount
1. truest $2.5 billion
2. pennymac $2.4 billion
3. McLean Mortgage $1.9 billion
4. Wells Fargo $1.8 billion
5. intercostal mortgage $1.7 billion
6. chase $1.4 billion
7. caliber home loan $1.4 billion
8. Atlantic Coast Mortgage $1.4 billion
9. us bank $1.4 billion
10. george mason mortgage $1.3 billion

if we pay attention home buyersThe list changes quite a bit, with both new names and new orders.

The $2.5 billion funding that Truist previously raised wasn’t a big surprise since home buyers often turn to banks over non-bank lenders for a significant home purchase.

However, PennyMac was in second place with $2.4 billion in funds, followed by McLean Mortgage with $1.9 billion.

Home buyers also prefer to use local options as it probably gives them peace of mind.

Wells Fargo was in fourth place with $1.8 billion, and Intercoastal Mortgage rounded out the top five with $1.7 billion.

Other chases in the top 10 were, caliber home loanAtlantic Coast Mortgage, US Bank, and george mason mortgage,

They all had home purchase totals surprisingly close to each other.

Top Refinance Lenders in DC (For Existing Homeowners)

grade name of the company 2021 loan amount
1. rocket hostage $7.1 billion
2. liberty mortgage $4.5 billion
3. pennymac $4.1 billion
4. loandepot $4.0 billion
5. Wells Fargo $3.1 billion
6. truest $2.8 billion
7. mr cooper $2.5 billion
8. uwm $2.0 billion
9. Navy FCU $1.9 billion
10. neurez $1.8 billion

What About Existing Homeowners Looking For A Mortgage Refinance? Well, that list was different too.

Like the overall list, Rocket Mortgage was king with $7.1 billion funded. This was a good part of their total volume.

In second was Freedom Mortgage, with $4.5 billion, which is best known as a VA loan specialist.

PennyMac took the third spot with $4.1 billion, followed by LoanDepo with $4 billion and Wells Fargo with $3.1 billion.

The rest of the best include Truest, mr cooperUnited Wholesale Mortgage, Vienna, VA-based Navy FCUAnd neurez,

It’s not uncommon for existing homeowners to use out-of-state lenders to refinance, which rounds out this list.

Best Mortgage Lenders in Washington DC

Now let us talk about the best mortgage lenders in District of Columbia based on customer reviews.

As always, I turn to Zillow to look for customer reviews. For DC, it’s a bit unique because none of the lenders are actually in DC.

But they are local companies in surrounding states, including Maryland and Virginia.

McLean Mortgage comes with an excellent 4.99/5 score from nearly 3,000 customer reviews, which is basically unbeatable.

Chevy Chase-based Forbright Bank has the second highest number of reviews (nearly 1,500) and a 4.82/5 rating. very solid.

Then there’s Presidential Bank of Bethesda, Maryland, and its much better 4.99/5 rating, which is apparently nearly faultless. This is out of about 750 reviews.

McLean-based Aurora Financial Has the same number of reviews but a 4.7/5 rating, while Navy Federal Credit Union has a 4.22/5 from over 100 reviews.

There’s also Bethesda-based MortgageStar, which has a perfect 5/5 rating from over 200 reviews, and Alexandria, VA-based Potomac Trust Mortgage’s 4.91/5.

Hence there are a lot of good options for home loans in the district. don’t forget to include local mortgage broker Even in your search.

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