It’s time to take a look at the highest mortgage lenders in Nevada based mostly on their complete mortgage quantity.
Final yr, almost 500 mortgage corporations funded almost $21 billion in The Silver State, down from these of 2021 highs of $68 billion.
However as all the time, there can solely be one #1, and people honors went to an organization you’ve doubtless heard of.
Sure, United Wholesale Mortgage (UWM) was the highest lender within the state, and by a really broad margin.
Learn on to see which different corporations made the highest 10 lists.
High Mortgage Lenders in Nevada (General)
Rating | Firm Title | 2024 Mortgage Quantity |
1. | UWM | $1.9 billion |
2. | Guild Mortgage | $1.3 billion |
3. | Rocket Mortgage | $1.0 billion |
4. | Lennar Mortgage | $821 million |
5. | DHI Mortgage | $800 million |
6. | KBHS Dwelling Loans | $454 million |
7. | Pulte Mortgage | $451 million |
8. | CrossCountry | $438 million |
9. | loanDepot | $437 million |
10. | Pennymac | $433 million |
Pontiac, Michigan-based Rocket Mortgage funded $1.9 billion in residence loans within the state of Nevada in 2024, per HMDA information from Richey Might.
That was 600 million greater than essential to beat out second San Diego-based Guild Mortgage, and almost double the output of third place Rocket Mortgage, its crosstown rival.
UWM works solely with mortgage brokers by way of the wholesale lending channel, which makes the tally much more spectacular.
Guild Mortgage, which hails out of San Diego, took second with $1.3 billion in origination quantity, adopted by Rocket with $1.0 billion.
What’s actually fascinating right here is spots 4-7 have been all residence builder mortgage lenders, together with Lennar Mortgage, DHI Mortgage, KBHS Dwelling Loans, and Pulte Mortgage.
Rounding out the highest 10 have been nonbanks CrossCountry Mortgge and loanDepot, adopted by Pennymac.
No main surprises within the record, but in addition no Nevada-based mortgage corporations both.
The presence of 4 residence builders within the top-10 record is a testomony to the purchase-driven housing market these days.
High Nevada Mortgage Lenders (for Dwelling Patrons)
Rating | Firm Title | 2024 Mortgage Quantity |
1. | UWM | $1.4 billion |
2. | Guild Mortgage | $1.2 billion |
3. | Lennar Mortgage | $821 million |
4. | DHI Mortgage | $800 million |
5. | Rocket Mortgage | $537 million |
6. | KBHS Dwelling Loans | $454 million |
7. | Pulte Mortgage | $451 million |
8. | CrossCountry | $376 million |
9. | U.S. Financial institution | $343 million |
10. | HomeAmerican Mtg | $396 million |
After we solely embrace residence buy loans, UWM took the highest spot with $1.4 billion funded, adopted intently by 2021’s #1 Nevada residence buy lender Guild Mortgage.
In third was Lennar Mortgage with $821 million, a big drop from the highest two, which seem like dominating in Nevada.
Fourth went to DHI Mortgage with $800 million (residence builder D.R. Horton’s financing firm), adopted by Rocket Mortgage with $537 million.
One other three residence builder financing divisions made up the underside half the highest 10, together with KBHS Dwelling Loans, Pulte Mortgage, and HomeAmerican Mortgage.
Depository U.S. Financial institution and nonbank CrossCountry Mortgage additionally managed to land there.
As soon as once more, zero Nevada-based mortgage lenders within the combine right here, which is shocking as residence buy loans are often dominated by hometown corporations.
Though, native residence builders have grabbed important residence buy market share as they’re in a position to supply large incentives like non permanent buydowns and everlasting ones as effectively.
High Nevada Refinance Lenders (for Present Owners)
Rating | Firm Title | 2024 Mortgage Quantity |
1. | Rocket Mortgage | $454 million |
2. | UWM | $452 million |
3. | Freedom Mortgage | $222 million |
4. | loanDepot | $125 million |
5. | Guild Mortgage | $106 million |
6. | Pennymac | $103 million |
7. | Mr. Cooper | $79 million |
8. | Veterans United | $71 million |
9. | Zions Bancorp | $67 million |
10. | Lakeview | $65 million |
Turning our consideration to mortgage refinances, Rocket Mortgage was simply tops with $454 million. In fact, they funded billions on this class a couple of years in the past.
That was simply sufficient to beat out their rival UWM, and greater than double third place Freedom Mortgage.
Freedom was lately the prime VA lender and primarily a refinance specialist, however that sector has been hit significantly arduous currently.
In fourth was loanDepot with $125 million, adopted by Guild in fifth with $106 million.
Others within the prime 10 included Pennymac, Mr. Cooper (now owned by Rocket), Veterans United, Utah’s Zions Bancorp, and Lakeview Mortgage Servicing.
High Mortgage Lenders in Las Vegas/Henderson
Rating | Firm Title | 2024 Mortgage Quantity |
1. | UWM | $1.4 billion |
2. | Rocket Mortgage | $724 million |
3. | Lennar Mortgage | $669 million |
4. | Guild Mortgage | $648 million |
5. | DHI Mortgage | $581 million |
6. | KBHS Dwelling Loans | $454 million |
7. | Pulte Mortgage | $451 million |
8. | loanDepot | $373 million |
9. | HomeAmerican Mtg | $325 million |
10. | Pennymac | $321 million |
High Mortgage Lenders in Reno
Rating | Firm Title | 2024 Mortgage Quantity |
1. | Guild Mortgage | $306 million |
2. | UWM | $275 million |
3. | Rocket Mortgage | $174 million |
4. | DHI Mortgage | $151 million |
5. | CrossCountry | $127 million |
6. | Chase | $101 million |
7. | Lennar Mortgage | $90 million |
8. | U.S. Financial institution | $81 million |
9. | Pennymac | $69 million |
10. | TBI Mortgage | $59 million |
The Greatest Nevada Mortgage Lenders?
As famous, not one of the prime 10 lenders (by quantity) are Nevada-based corporations. As a substitute, most are headquartered in close by California.
Whereas this is smart, some people is perhaps occupied with an area lender, as this could construct belief when coping with an essential life determination equivalent to a house buy.
I went to Zillow to seek out some buyer opinions, and located that All Western Mortgage, Inc. had essentially 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 total within the state of Nevada.
Nonetheless, when going up in opposition to the large 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 various, smaller entities working inside the state, doubtless some unbiased mortgage brokers with their very own outlets.
So far as the nationwide manufacturers are involved, in addition they have robust 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 huge or small, far-off or native, it is best to be capable of discover a dependable mortgage associate within the state of Nevada.