Now it’s time to take a look at the highest mortgage lenders in DC, the capital of the US.
In 2021, almost 800 mortgage firms originated roughly $139 billion in dwelling loans in The District.
That was one of many larger totals for a state, though the District of Columbia isn’t truly a state
Anyway, there could be just one…high mortgage lender to rule the remaining. And as you might have guessed, it was Rocket Mortgage.
Some native firms made the top-10 lists as properly. Learn on to see who.
High Mortgage Lenders in DC (Total)
| 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 strong $8.4 billion funded, per HMDA information from Richey Could.
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 an in depth $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 could be thought of native firms as each name Fairfax, Virginia dwelling.
All the time good to see some homegrown lenders shake it up with the large nationwide manufacturers.
High Mortgage Lenders in Washington DC (for Dwelling Consumers)
| 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 give attention to dwelling consumers, the listing adjustments 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 dwelling consumers usually flip to banks over nonbank lenders for an necessary dwelling buy.
Nonetheless, Pennymac was a really shut second with $2.4 billion funded, adopted by McLean Mortgage with $1.9 billion.
Dwelling consumers 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 dwelling buy totals to at least one 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 seeking to a refinance a mortgage? Nicely, that listing was completely different too.
Like the general listing, Rocket Mortgage was king with $7.1 billion funded. That was an excellent chunk of their general quantity.
In second was Freedom Mortgage with $4.5 billion, referred to as 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 based mostly on buyer critiques.
As all the time, I flip to Zillow to take a look at buyer critiques. For DC, it’s a bit distinctive as not one of the lenders are literally in DC.
However they’re native firms 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 critiques, which is mainly unbeatable.
Chevy Chase-based Forbright Financial institution has the second largest variety of critiques (about 1,500) and a 4.82/5 score. Fairly strong.
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 critiques.
McLean-based Aurora Monetary has an analogous variety of critiques however a 4.7/5 score, whereas Navy Federal Credit score Union has a 4.22/5 from simply over 100 critiques.
There’s additionally Bethesda-based Mortgagestar, which has an ideal 5/5 score from over 200 critiques 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 properly.
