It’s time to take a look at the highest mortgage lenders in Nevada primarily based on their whole mortgage quantity.
Final yr, greater than 600 mortgage firms funded practically $33 billion in The Silver State, down from roughly $68 billion a yr earlier.
However as all the time, there can solely be one #1, and people honors went to an organization you’ve probably heard of.
Sure, Rocket Mortgage was the highest lender within the state, and by a really large margin. Identical to they had been in 2021.
Learn on to see which different firms made the highest 10 lists.
Prime Mortgage Lenders in Nevada (General)
| Rating | Firm Title | 2022 Mortgage Quantity |
| 1. | Rocket Mortgage | $1.8 billion |
| 2. | UWM | $1.6 billion |
| 3. | Guild Mortgage | $1.5 billion |
| 4. | loanDepot | $1.2 billion |
| 5. | U.S. Financial institution | $788 million |
| 6. | Wells Fargo | $772 million |
| 7. | Zions Bancorp | $662 million |
| 8. | Financial institution of America | $578 million |
| 9. | DHI Mortgage | $558 million |
| 10. | Lennar Mortgage | $514 million |
Detroit-based Rocket Mortgage funded $1.8 billion in residence loans within the state of Nevada in 2022, per HMDA information from Richey Might.
That was a 200 million greater than essential to beat out second place United Wholesale Mortgage, its crosstown rival.
UWM works solely with mortgage brokers through the wholesale lending channel.
Guild Mortgage, which hails out of San Diego, took third with a barely smaller $1.2 billion in origination quantity.
In fourth was nonbank loanDepot with $1.2 billion, adopted by U.S. Financial institution’s $788 million.
The remainder of the highest 10 included Wells Fargo, Zions Bancorp, Financial institution of America, DHI Mortgage, and Lennar Mortgage.
No main surprises within the checklist, but in addition no Nevada-based mortgage firms both.
Curiously, two residence builders made the top-10 checklist, a testomony to the purchase-driven housing market these days.
Prime Nevada Mortgage Lenders (for House Consumers)
| Rating | Firm Title | 2022 Mortgage Quantity |
| 1. | UWM | $1.2 billion |
| 2. | Guild Mortgage | $1.2 billion |
| 3. | loanDepot | $657 million |
| 4. | Rocket Mortgage | $610 million |
| 5. | DHI Mortgage | $558 million |
| 6. | Lennar Mortgage | $513 million |
| 7. | Wells Fargo | $435 million |
| 8. | Pulte Mortgage | $413 million |
| 9. | U.S. Financial institution | $398 million |
| 10. | KBHS House Loans | $396 million |
After we solely embody residence buy loans, UWM took the highest spot with $1.2 billion funded, adopted very carefully by 2021’s #1 Nevada residence buy lender Guild Mortgage.
In third was loanDepot with $657 million, a major drop from the highest two, which look like dominating in Nevada.
Fourth went to Rocket Mortgage with $610 million, adopted by DHI Mortgage (residence builder D.R. Horton’s financing firm) with $558 million.
One other three residence builder financing divisions made up the underside half the highest 10, together with Lennar Mortgage, Pulte Mortgage, and KBHS House Loans.
Depositories Wells Fargo and U.S. Financial institution additionally managed to land there.
As soon as once more, zero Nevada-based mortgage lenders within the combine right here, which is stunning as residence buy loans are normally dominated by hometown firms.
Though, native residence builders have grabbed vital residence buy market share as they’re in a position to supply big incentives like momentary buydowns and everlasting ones as properly.
Prime Nevada Refinance Lenders (for Current Owners)
| Rating | Firm Title | 2022 Mortgage Quantity |
| 1. | Rocket Mortgage | $1.2 billion |
| 2. | loanDepot | $503 million |
| 3. | UWM | $434 million |
| 4. | Pennymac | $345 million |
| 5. | Freedom Mortgage | $343 million |
| 6. | U.S. Financial institution | $313 million |
| 7. | Wells Fargo | $303 million |
| 8. | PNC Financial institution | $293 million |
| 9. | Guild Mortgage | $273 million |
| 10. | Zions Bancorp | $271 million |
Turning our consideration to mortgage refinances, Rocket Mortgage was simply tops with $1.2 billion. In fact, they funded a whopping $3.6 billion on this class a yr prior.
That was greater than double second place loanDepot, which managed simply $503 million in refis.
In third was UWM with $434 million, adopted by Pennymac with $345 million, and Freedom Mortgage with $343 million.
Freedom was lately the highest VA lender and primarily a refinance specialist, however that sector has been hit notably laborious recently.
Plainly California-based firms are main the best way (aside from Michigan’s Rocket), which could have one thing to do with their geographical location bordering Nevada.
Others within the prime 10 included U.S. Financial institution, Wells Fargo, PNC Financial institution, Guild Mortgage, and Utah’s Zions Bancorp.
Prime Mortgage Lenders in Las Vegas/Henderson
| Rating | Firm Title | 2022 Mortgage Quantity |
| 1. | Rocket Mortgage | $996 million |
| 2. | UWM | $990 million |
| 3. | loanDepot | $655 million |
| 4. | Guild Mortgage | $471 million |
| 5. | Zions Bancorp | $401 million |
| 6. | Wells Fargo | $375 million |
| 7. | KeyBank | $354 million |
| 8. | U.S. Financial institution | $333 million |
| 9. | Financial institution of America | $296 million |
| 10. | Fairway Unbiased | $280 million |
Prime Mortgage Lenders in Reno
| Rating | Firm Title | 2022 Mortgage Quantity |
| 1. | Guild Mortgage | $283 million |
| 2. | Rocket Mortgage | $186 million |
| 3. | U.S. Financial institution | $141 million |
| 4. | UWM | $130 million |
| 5. | Wells Fargo | $115 million |
| 6. | Financial institution of America | $101 million |
| 7. | United FCU | $95 million |
| 8. | Chase | $92 million |
| 9. | loanDepot | $85 million |
| 10. | DHI Mortgage | $81 million |
The Finest Nevada Mortgage Lenders?
As famous, not one of the prime 10 lenders (by quantity) are Nevada-based firms. As an alternative, most are headquartered in close by California.
Whereas this is smart, some people could be curious about an area lender, as this will construct belief when coping with an vital life determination resembling a house buy.
I went to Zillow to search out some buyer opinions, and located that All Western Mortgage, Inc. had probably the most opinions, over 700 of them. And extra importantly, they’ve a 4.99/5 score as of this writing.
That’s just about unbeatable, although as famous, they solely managed to make eleventh place within the buy class, and thirteenth general within the state of Nevada.
Nonetheless, when going up in opposition to the massive boys, it’s not a foul rating.
There’s additionally Valley West Mortgage out of Vegas with a 4.73/5 score from over 200 opinions, together with Pinnacle Lending Group, Inc. (4.96/5) and Lone Mortgage (additionally 4.96/5), each with over 100 opinions.
It seems there are numerous, smaller entities working throughout the state, probably some impartial mortgage brokers with their very own outlets.
So far as the nationwide manufacturers are involved, additionally they have sturdy opinions on Zillow, with Rocket Mortgage holding a 4.48/5, Guild Mortgage with a 4.96/5, and Wells Fargo with a 4.95/5.
So whether or not you go large or small, distant or native, it’s best to be capable to discover a dependable mortgage associate within the state of Nevada.