Now it’s time to take a look at the highest mortgage lenders in DC, the capital of the USA.
In 2021, almost 800 mortgage corporations originated roughly $139 billion in house loans in The District.
That was one of many greater totals for a state, regardless that the District of Columbia isn’t really a state
Anyway, there might be just one…high mortgage lender to rule the remaining. And as you will have guessed, it was Rocket Mortgage.
Some native corporations made the top-10 lists as effectively. Learn on to see who.
High Mortgage Lenders in DC (General)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $8.4 billion |
| 2. | Pennymac | $6.4 billion |
| 3. | Freedom Mortgage | $5.5 billion |
| 4. | Truist | $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. | Intercoastal Mortgage | $3.1 billion |
| 10. | UWM | $3.1 billion |
In 2021, Rocket Mortgage led the District of Columbia with a stable $8.4 billion funded, per HMDA information from Richey Might.
They had been trailed by Los Angeles-based Pennymac with $6.4 billion, which is a high correspondent lender.
In third was Freedom Mortgage with a detailed $5.4 billion, adopted by Truist with $5.1 billion and Wells Fargo with $4.7 billion.
The underside half of the highest 10 included loanDepot, Mr. Cooper, McLean Mortgage, Intercoastal Mortgage, and United Wholesale Mortgage.
Each McLean Mortgage and Intercoastal Mortgage might be thought of native corporations as each name Fairfax, Virginia house.
All the time good to see some homegrown lenders shake it up with the massive nationwide manufacturers.
High Mortgage Lenders in Washington DC (for Dwelling Patrons)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Truist | $2.5 billion |
| 2. | Pennymac | $2.4 billion |
| 3. | McLean Mortgage | $1.9 billion |
| 4. | Wells Fargo | $1.8 billion |
| 5. | Intercoastal Mortgage | $1.7 billion |
| 6. | Chase | $1.4 billion |
| 7. | Caliber Dwelling Loans | $1.4 billion |
| 8. | Atlantic Coast Mortgage | $1.4 billion |
| 9. | U.S. Financial institution | $1.4 billion |
| 10. | George Mason Mortgage | $1.3 billion |
If we deal with house patrons, the listing modifications fairly a bit, each with new names and a brand new order.
In first was Truist with $2.5 billion funded, not an enormous shock as house patrons usually flip to banks over nonbank lenders for an essential house buy.
Nonetheless, Pennymac was a really shut second with $2.4 billion funded, adopted by McLean Mortgage with $1.9 billion.
Dwelling patrons additionally appear to love utilizing native choices because it in all probability provides them peace of thoughts.
In fourth was Wells Fargo with $1.8 billion, and Intercoastal Mortgage rounded out the highest 5 with $1.7 billion.
Others included within the high 10 had been Chase, Caliber Dwelling Loans, Atlantic Coast Mortgage, U.S. Financial institution, and George Mason Mortgage.
All of them had surprisingly shut house buy totals to 1 one other.
High Refinance Lenders in DC (for Present Owners)
| Rating | Firm Identify | 2021 Mortgage Quantity |
| 1. | Rocket Mortgage | $7.1 billion |
| 2. | Freedom Mortgage | $4.5 billion |
| 3. | Pennymac | $4.1 billion |
| 4. | loanDepot | $4.0 billion |
| 5. | Wells Fargo | $3.1 billion |
| 6. | Truist | $2.8 billion |
| 7. | Mr. Cooper | $2.5 billion |
| 8. | UWM | $2.0 billion |
| 9. | Navy FCU | $1.9 billion |
| 10. | Newrez | $1.8 billion |
What about present householders trying to a refinance a mortgage? Properly, that listing was completely different too.
Like the general listing, Rocket Mortgage was king with $7.1 billion funded. That was a great chunk of their total quantity.
In second was Freedom Mortgage with $4.5 billion, often called a VA mortgage specialist.
Pennymac took third with $4.1 billion, adopted intently by loanDepot with $4 billion and Wells Fargo with $3.1 billion.
The remainder of the very best included Truist, Mr. Cooper, United Wholesale Mortgage, Vienna, VA-based Navy FCU, and Newrez.
It’s not unusual for present householders to make use of out-of-state lenders for a refinance, which sums up this listing.
The Finest Mortgage Lenders in Washington DC
Now let’s discuss the very best mortgage lenders within the District of Columbia primarily based on buyer opinions.
As at all times, I flip to Zillow to take a look at buyer opinions. For DC, it’s a bit distinctive as not one of the lenders are literally in DC.
However they’re native corporations in close by states, together with Maryland and Virginia.
McLean Mortgage is available in with a wonderful 4.99/5 rating from almost 3,000 buyer opinions, which is principally unbeatable.
Chevy Chase-based Forbright Financial institution has the second largest variety of opinions (about 1,500) and a 4.82/5 score. Fairly stable.
Then there’s Bethesda, Maryland’s Presidential Financial institution and its superior 4.99/5 score, which is clearly almost flawless. That’s from about 750 opinions.
McLean-based Aurora Monetary has an analogous variety of opinions however a 4.7/5 score, whereas Navy Federal Credit score Union has a 4.22/5 from simply over 100 opinions.
There’s additionally Bethesda-based Mortgagestar, which has an ideal 5/5 score from over 200 opinions and Alexandria, VA-based Potomac Belief Mortgage’s 4.91/5.
So loads of good choices for a house mortgage in The District. Don’t overlook to incorporate native mortgage brokers in your search as effectively.