Regardless of being an enormous banking hub, the highest mortgage lenders in North Carolina are largely nonbanks.
In truth, simply two of the highest 10 are depository banks, with one credit score union and the remainder nonbank lenders.
Nevertheless, a number of of the highest lenders within the state additionally occur to be headquartered in North Carolina.
These names embrace Financial institution of America, Truist Monetary, and State Staff’ Credit score Union.
Learn on to see who topped the listing in 2024 for mortgage lending total.
Prime Mortgage Lenders in North Carolina (Total)
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | Rocket Mortgage | $3.7 billion |
| 2. | UWM | $3.5 billion |
| 3. | State Staff CU | $3.4 billion |
| 4. | Motion Mortgage | $2.6 billion |
| 5. | Atlantic Bay Mortgage | $1.7 billion |
| 6. | DHI Mortgage | $1.5 billion |
| 7. | Truist Financial institution | $1.4 billion |
| 8. | First-Residents Financial institution & Belief | $1.4 billion |
| 9. | Veterans United | $1.3 billion |
| 10. | CrossCountry | $1.1 billion |
When you in all probability guessed that the nation’s prime mortgage lender, UWM, was first, you’d be improper.
As an alternative, Rocket Mortgage was the highest mortgage lender in North Carolina final 12 months with $3.7 billion funded, per HMDA information from Richey Might.
In second was Pontiac-based UWM with a detailed $3.5 billion, adopted by Raleigh based-State Staff’ Credit score Union with a good nearer $3.4 billion.
Subsequent up was South Carolina-based Motion Mortgage, adopted by Virginia-based Atlantic Bay Mortgage.
Then we had DHI Mortgage, the in-house lender for house builder D.R. Horton, adopted by Charlotte-based Truist Monetary, previously two firms (BB&T and SunTrust Financial institution).
The remainder of the perfect included First-Residents Financial institution & Belief, Veterans United, and CrossCountry Mortgage.
*UWM is a wholesale lender that works solely with mortgage brokers, which means you may’t work with them immediately. However you’ll find a dealer through their portal generally known as Mortgage Matchup.
Prime Mortgage Lenders in North Carolina (for Residence Patrons)
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | State Staff CU | $2.5 billion |
| 2. | Motion Mortgage | $2.3 billion |
| 3. | UWM | $2.0 billion |
| 4. | Rocket Mortgage | $1.9 billion |
| 5. | Atlantic Bay Mortgage | $1.5 billion |
| 6. | DHI Mortgage | $1.5 billion |
| 7. | Veterans United | $1.1 billion |
| 8. | Truist | $1.1 billion |
| 9. | American Safety Mortgage | $1.0 billion |
| 10. | Fairway Unbiased | $944 million |
If we focus solely on house buy lending, State Staff CU was the highest canine with $2.5 billion funded.
It was simply sufficient to beat out Fort Mill-based Motion Mortgage’s $2.3 billion.
In third and fourth have been the nation’s prime two lenders, UWM and Rocket Mortgage.
Whereas fifth went to Atlantic Bay Mortgage, sixth to DHI Mortgage, and seventh to Missouri’s Veterans United, the highest VA mortgage lender.
NC’s personal Truist and American Safety Mortgage got here subsequent, each with about $1 billion in house buy loans funded.
Rounding out the listing was Fairway Unbiased Mortgage, primarily based in far off Madison, Wisconsin.
Prime Refinance Lenders in North Carolina (Current Owners)
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | Rocket Mortgage | $1.7 billion |
| 2. | UWM | $1.5 billion |
| 3. | State Staff CU | $812 million |
| 4. | Freedom Mortgage | $637 million |
| 5. | Pennymac | $488 million |
| 6. | First-Residents Financial institution & Belief | $370 million |
| 7. | loanDepot | $301 million |
| 8. | Motion Mortgage | $296 million |
| 9. | Truist | $293 million |
| 10. | Veterans United | $252 million |
Now a take a look at the mortgage refinance leaders within the state of North Carolina.
Unsurprisingly, nationwide #2 mortgage lender Rocket took the highest spot with $1.7 billion funded. I say that as a result of they all the time have a tendency to steer in refis nationally and by state.
Nevertheless, their massive rival UWM wasn’t all that far behind, and will give them a run for his or her cash sooner or later.
Then it drops off fairly a bit, with third place State Staff’ Credit score Union solely mustering about half their quantity.
Florida-based refinance specialist Freedom Mortgage took fourth, whereas SoCal-based Pennymac grabbed fifth.
Others within the prime 10 included First-Residents Financial institution & Belief, loanDepot, Motion Mortgage, Truist, and Veterans United.
It was largely family names on this listing, because it normally is. State Staff’ Credit score Union did job of conserving it native, regardless of refinances being primarily value pushed.
Those that rely an excessive amount of on refis might need hassle in coming years because the market leans closely on buy transactions.
Prime Mortgage Lenders in Charlotte
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $1.2 billion |
| 2. | Rocket Mortgage | $1.1 billion |
| 3. | Motion Mortgage | $874 million |
| 4. | American Safety Mortgage | $594 million |
| 5. | Atlantic Bay Mortgage | $479 million |
| 6. | loanDepot | $453 million |
| 7. | State Staff CU | $440 million |
| 8. | Financial institution of America | $435 million |
| 9. | Truist | $391 million |
| 10. | Wells Fargo | $374 million |
Prime Mortgage Lenders in Raleigh
| Rating | Firm Title | 2024 Mortgage Quantity |
| 1. | UWM | $749 million |
| 2. | State Staff CU | $656 million |
| 3. | Rocket Mortgage | $576 million |
| 4. | Lennar Mortgage | $545 million |
| 5. | Motion Mortgage | $387 million |
| 6. | First-Residents Financial institution & Belief | $299 million |
| 7. | Truist | $283 million |
| 8. | Fairway Unbiased | $216 million |
| 9. | CrossCountry | $207 million |
| 10. | Pulte Mortgage | $189 million |
You Might Have By no means Heard of the Finest North Carolina Mortgage Lenders
Dimension isn’t all the pieces. It may be advantageous to be giant to get issues completed within the mortgage business, however it might additionally show to be a nuisance when you’re too massive.
Typically, a nimbler lending companion, corresponding to a mortgage dealer or credit score union, may get you to the end line sooner, with fewer complications alongside the way in which.
I perceive that in terms of monetary choices, utilizing an enormous, family identify can really feel just like the protected transfer, however contemplate all of your choices.
Clearly take the time to vet any firm or particular person first, however know there are various totally different methods to get a mortgage.
Whether or not it’s a person dealer, native financial institution, on-line lender, credit score union, or main monetary establishment.
Likelihood is there are some actually highly-rated mortgage firms on the market that in all probability don’t promote or get a lot press.
And that’s simply advantageous, so long as they’ve obtained good critiques, provide aggressive pricing, and supply high quality service.
(photograph: Mark Clifton)
Earlier than creating this web site, I labored as an account govt 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 current) house patrons higher navigate the house mortgage course of. Comply with me on X for decent takes.