Now it’s time to try the highest mortgage lenders in Florida based mostly on 2024 quantity.
The Sunshine State is the most important mortgage market outdoors of California, with a couple of 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 12 months for mortgage lenders. For comparability sake, lenders closed about $350 billion in 2021 when mortgage charges hit report lows.
Let’s check out which lenders dominated the state, damaged down by totally different classes.
As I at all times say, largest doesn’t essentially imply greatest, but it surely’s good to know who the important thing gamers are.
Prime Mortgage Lenders in Florida (General)
| Rating | Firm Identify | 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 12 months, per HMDA information visualized by Richey Might.
They had been additionally the largest mortgage lender in America in 2024, so this wasn’t too stunning.
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 referred to 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 increasingly more house mortgage market share due to their huge mortgage price buydowns.
And the truth that newly-built properties are promoting higher than current properties, partially as a result of mortgage price lock-in impact.
Others within the top-10 listing included Chase, Freedom Mortgage, Financial institution of America, loanDepot, and Pennymac.
Prime Mortgage Lenders in Florida (for Residence Purchases)
| Rating | Firm Identify | 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 listing to solely take a look at house buy loans, these reserved for house patrons versus current owners.
Topping this listing 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 relating to working with house patrons (together with the power of mortgage brokers since they’re a wholesale-only store).
Rocket was solely capable of muster third place, although just under DHI, and their pending acquisition of Redfin might assist loads on that entrance.
Lennar and CrossCountry Mortgage took fourth and fifth with comparable tallies.
And the remainder of the perfect included Chase, Pulte Mortgage (one other house builder), Veterans United, loanDepot, and Financial institution of America.
This listing has been more and more necessary because the mortgage market shifted away from refinances towards buy lending.
It’s fascinating to see three house builders within the top-10 listing, a rarity up till not too long ago with current provide now grappling with the mortgage price lock-in impact.
Prime Mortgage Lenders in Florida (for Residence Refinances)
| Rating | Firm Identify | 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 hardly ever 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.
Prime Mortgage Lenders in Jacksonville
| Rating | Firm Identify | 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 Residence Loans | $230 million |
Prime Mortgage Lenders in Miami
| Rating | Firm Identify | 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 |
Prime Mortgage Lenders in Orlando
| Rating | Firm Identify | 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. | Fee | $237 million |
Prime Mortgage Lenders in Tampa
| Rating | Firm Identify | 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 other than all of the lenders talked about, there have been dozens extra that originated a number of billion in house loans final 12 months within the state of Florida.
That made them huge names, regardless of not making the top-10 rankings. Examples embrace FBC Mortgage, The Mortgage Agency, and plenty of others.
So if you wish to get your mortgage from an enormous title, you might nonetheless achieve this with out utilizing one of many corporations listed above.
On the identical time, you is likely to be completely joyful going with a Florida-based credit score union or a neighborhood 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 might do just isn’t take the time to talk to a number of totally different lenders earlier than deciding on one.
Comparability procuring is an absolute should when acquiring a mortgage, so you’ll want to put within the time whichever firm you select.
(picture: Marcin Wichary)
Earlier than creating this web site, 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 current) house patrons higher navigate the house mortgage course of. Observe me on X for warm takes.