Now it’s time to check out the highest mortgage lenders in Florida based mostly on 2024 quantity.
The Sunshine State is the most important mortgage market exterior of California, with a few 9% share of the nationwide market (tied with Texas).
In 2024, roughly $143 billion in house loans had been originated there throughout what was a tough yr for mortgage lenders. For comparability sake, lenders closed about $350 billion in 2021 when mortgage charges hit document lows.
Let’s check out which lenders dominated the state, damaged down by totally different classes.
As I at all times say, greatest doesn’t essentially imply finest, however it’s good to know who the important thing gamers are.
High Mortgage Lenders in Florida (General)
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $17 billion |
| 2. | Rocket Mortgage | $7.6 billion |
| 3. | DHI Mortgage | $4.4 billion |
| 4. | CrossCountry | $3.9 billion |
| 5. | Lennar Mortgage | $3.8 billion |
| 6. | Chase | $3.0 billion |
| 7. | Freedom Mortgage | $2.2 billion |
| 8. | Financial institution of America | $2.0 billion |
| 9. | loanDepot | $1.9 billion |
| 10. | Pennymac | $1.8 billion |
Pontiac, Michigan-based United Wholesale Mortgage (UWM) was the highest mortgage lender within the state of Florida final yr, per HMDA knowledge visualized by Richey Might.
They had been additionally the largest mortgage lender in America in 2024, so this wasn’t too shocking.
They simply beat out Rocket Mortgage, who had been #1 nationally for years earlier than UWM unseated them, by almost $10 billion.
UWM funded roughly $17 billion in house loans, whereas Rocket (previously generally known as Quicken Loans) managed to fund simply $7.6 billion, which represents a 12% and 5% market share within the state, respectively.
Coming in third was house builder D.R. Horton’s DHI Mortgage, adopted by CrossCountry and one other house builder’s lender, Lennar Mortgage.
The house builders have grabbed an increasing number of house mortgage market share because of their large mortgage charge buydowns.
And the truth that newly-built houses are promoting higher than present houses, partially because of the mortgage charge lock-in impact.
Others within the top-10 checklist included Chase, Freedom Mortgage, Financial institution of America, loanDepot, and Pennymac.
High Mortgage Lenders in Florida (for House Purchases)
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $13.4 billion |
| 2. | DHI Mortgage | $4.4 billion |
| 3. | Rocket Mortgage | $4.2 billion |
| 4. | Lennar Mortgage | $3.8 billion |
| 5. | CrossCountry | $3.5 billion |
| 6. | Chase | $2.4 billion |
| 7. | Pulte Mortgage | $1.7 billion |
| 8. | Veterans United | $1.4 billion |
| 9. | loanDepot | $1.4 billion |
| 10. | Financial institution of America | $1.4 billion |
Now let’s fine-tune the checklist to solely take a look at house buy loans, these reserved for house patrons versus present owners.
Topping this checklist was UWM, whose whopping $13.4 billion in house mortgage quantity handily beat out DHI Mortgage’s $4.4 billion.
UWM actually confirmed their power right here in terms of working with house patrons (together with the power of mortgage brokers since they’re a wholesale-only store).
Rocket was solely in a position to muster third place, although just under DHI, and their pending acquisition of Redfin may assist lots on that entrance.
Lennar and CrossCountry Mortgage took fourth and fifth with related tallies.
And the remainder of one of the best included Chase, Pulte Mortgage (one other house builder), Veterans United, loanDepot, and Financial institution of America.
This checklist has been more and more essential because the mortgage market shifted away from refinances towards buy lending.
It’s fascinating to see three house builders within the top-10 checklist, a rarity up till just lately with present provide now grappling with the mortgage charge lock-in impact.
High Mortgage Lenders in Florida (for House Refinances)
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $3.7 billion |
| 2. | Rocket Mortgage | $3.2 billion |
| 3. | Freedom Mortgage | $1.0 billion |
| 4. | Pennymac | $562 million |
| 5. | loanDepot | $487 million |
| 6. | Newrez | $418 million |
| 7. | CrossCountry | $393 million |
| 8. | Village Capital | $375 million |
| 9. | Chase | $370 million |
| 10. | Mr. Cooper | $353 million |
Rocket additionally misplaced out to UWM within the house refinance lending class, a #1 place there not often cede.
When it got here to mortgage refinances, UWM was king with $3.7 billion, although Rocket wasn’t too far off the tempo at $3.2 billion.
Boca Raton, based mostly Freedom Mortgage snagged third place, adopted by Pennymac and loanDepot.
Others within the top-10 included Pennymac, loanDepot, Newrez, CrossCountry, Village Capital, Chase, and Mr. Cooper, which is additionally being acquired by Rocket.
High Mortgage Lenders in Jacksonville
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $1.4 billion |
| 2. | Rocket Mortgage | $616 million |
| 3. | DHI Mortgage | $438 million |
| 4. | Lennar Mortgage | $383 million |
| 5. | Ameris Financial institution | $294 million |
| 6. | Navy FCU | $267 million |
| 7. | Freedom Mortgage | $254 million |
| 8. | Veterans United | $240 million |
| 9. | VyStar Credit score Union | $231 million |
| 10. | Jet House Loans | $230 million |
High Mortgage Lenders in Miami
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $2.2 billion |
| 2. | Chase | $696 million |
| 3. | Rocket Mortgage | $664 million |
| 4. | A&D Mortgage | $533 million |
| 5. | Lennar Mortgage | $386 million |
| 6. | Paramount Residential | $381 million |
| 7. | Financial institution of America | $316 million |
| 8. | Morgan Stanley | $256 million |
| 9. | Bradesco Financial institution | $226 million |
| 10. | Citi | $225 million |
High Mortgage Lenders in Orlando
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $2.0 billion |
| 2. | Rocket Mortgage | $901 million |
| 3. | DHI Mortgage | $650 million |
| 4. | Pulte Mortgage | $423 million |
| 5. | CrossCountry | $383 million |
| 6. | Lennar Mortgage | $331 million |
| 7. | FBC Mortgage | $323 million |
| 8. | Chase | $300 million |
| 9. | Freedom Mortgage | $247 million |
| 10. | Price | $237 million |
High Mortgage Lenders in Tampa
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $2.5 billion |
| 2. | Rocket Mortgage | $1.2 billion |
| 3. | Lennar Mortgage | $917 million |
| 4. | DHI Mortgage | $760 million |
| 5. | CrossCountry | $552 million |
| 6. | Freedom Mortgage | $438 million |
| 7. | Chase | $355 million |
| 8. | Areas Financial institution | $326 million |
| 9. | CMG Mortgage | $312 million |
| 10. | Newrez | $311 million |
Ought to You Use One of many Largest Mortgage Lenders in Florida or Go Native?
Now except for all of the lenders talked about, there have been dozens extra that originated a number of billion in house loans final yr within the state of Florida.
That made them large names, regardless of not making the top-10 rankings. Examples embody FBC Mortgage, The Mortgage Agency, and plenty of others.
So if you wish to get your mortgage from a giant title, you may nonetheless accomplish that with out utilizing one of many firms listed above.
On the identical time, you is likely to be completely completely satisfied going with a Florida-based credit score union or an area mortgage dealer.
On the finish of the day, everybody has totally different preferences that may dictate the place they get their house mortgage.
None of those choices are essentially higher than others, they’re simply totally different, so long as the corporate is financially sound and competent.
The one disservice you may do will not be take the time to talk to a number of totally different lenders earlier than deciding on one.
Comparability purchasing is an absolute should when acquiring a mortgage, so make sure you put within the time whichever firm you select.
(photograph: Marcin Wichary)
Earlier than creating this website, I labored as an account government for a wholesale mortgage lender in Los Angeles. My hands-on expertise within the early 2000s impressed me to start writing about mortgages 19 years in the past to assist potential (and present) house patrons higher navigate the house mortgage course of. Observe me on X for warm takes.