As we speak we’ll check out the highest mortgage lenders in Texas primarily based on their annual manufacturing final yr, together with each retail and wholesale mortgage quantity.
They are saying the whole lot is greater in Texas, and that’s true in terms of their mortgage lending quantity relative to 49 different states.
Solely California is greater when the topic is doling out house loans. And so they even double New York’s output.
The Lone Star State accounted for about 9 % of nationwide house mortgage quantity, originating roughly $147 billion in 2024.
Let’s discover out who the highest lenders had been within the state in a couple of completely different classes.
High Mortgage Lenders in Texas (Total)
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | UWM | $12.6 billion |
| 2. | Rocket Mortgage | $7.0 billion |
| 3. | DHI Mortgage | $5.7 billion |
| 4. | Chase | $3.9 billion |
| 5. | Lennar Mortgage | $3.7 billion |
| 6. | CMG Mortgage | $3.3 billion |
| 7. | loanDepot | $2.7 billion |
| 8. | Fairway Impartial | $2.6 billion |
| 9. | PrimeLending | $2.4 billion |
| 10. | CrossCountry | $2.2 billion |
Yep, United Wholesale Mortgage (UWM) did it once more, topping the general rankings in Texas with $12.6 billion in house mortgage quantity in 2024, per HMDA information from Richey May.
They had been additionally number one overall, and within the states of California and Florida, so it’s no shock they took Texas too.
The Pontiac, Michigan-based lender led the way in which in lots of states nationwide so this got here as no actual shock.
Coming in second was former #1 Rocket Mortgage with a a lot smaller tally, simply $7.0 billion funded.
In third was DHI Mortgage, which is the in-house lender for D.R. Horton. That is attention-grabbing as a result of builders have by no means been prime mortgage lenders till lately.
Principally, their means to supply large mortgage rate buydowns makes them near-impossible to compete with.
JP Morgan Chase was fourth with $3.9 billion, representing the strongest displaying for a depository financial institution.
I say that as a result of nonbank mortgage lenders are all the craze today, with brick-and-mortar banks typically taking a again seat.
In fifth was one other home builder’s mortgage lender, Lennar Mortgage, with $3.7 billion funded. Fairly unusual to see two builders make the top-10.
Nevertheless it’s an indication of the occasions, particularly in Texas the place new development properties are considerable.
Others within the top-10 included CMG Mortgage, loanDepot, Fairway Impartial Mortgage, PrimeLending, and CrossCountry Mortgage.
High Mortgage Lenders in Texas (for House Purchases)
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | UWM | $9.1 billion |
| 2. | DHI Mortgage | $5.7 billion |
| 3. | Rocket Mortgage | $4.1 billion |
| 4. | Lennar Mortgage | $3.7 billion |
| 5. | Chase | $3.2 billion |
| 6. | CMG Mortgage | $3.0 billion |
| 7. | Fairway Impartial | $2.4 billion |
| 8. | loanDepot | $2.3 billion |
| 9. | PrimeLending | $2.2 billion |
| 10. | CrossCountry | $1.9 billion |
Now let’s flip our consideration to house buy lending, which grabbed an 83% market share final yr in Texas as refinances dropped off because of increased mortgage rates.
Buy loans rapidly grew to become the main focus for just about all mortgage lenders as soon as charges started to rise from their document lows in 2022.
Merely put, 6%+ mortgage charges imply it’s much more troublesome to drum up refinance enterprise. Thus, lenders are concentrating on house consumers.
In 2024, lenders in Texas had about an 83%/17% buy to refi share, which is sort of large.
UWM held the highest spot final yr with $9.1 billion in house buy loans within the state, beating out D.R. Horton’s in-house lender.
Rocket misplaced out to 1 builder, however beat one other, Lennar Mortgage, and Chase got here in fifth.
financial institution Wells Fargo with $6.6 billion.
Not far behind was CMG Mortgage, adopted by Fairway Impartial Mortgage, loanDepot, PrimeLending, and CrossCountry.
The record featured the identical precise lenders as the highest general (in barely completely different order), which isn’t any shock given buy lending dominated final yr.
High Mortgage Lenders in Texas (for Mortgage Refinances)
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | UWM | $3.5 billion |
| 2. | Rocket Mortgage | $2.7 billion |
| 3. | Pennymac | $625 million |
| 4. | Freedom Mortgage | $615 million |
| 5. | Chase | $558 million |
| 6. | Mr. Cooper | $470 million |
| 7. | loanDepot | $414 million |
| 8. | Village Capital | $384 million |
| 9. | Newrez | $349 million |
| 10. | Randolph Brooks | $307 million |
Lastly, we’ve obtained mortgage refinances, that are reserved for current householders.
Debtors take out all these loans for both a decrease fee (rate and term refinance) or to faucet fairness (cash out refinance).
UWM was once more #1, no actual shock, adopted by Rocket Mortgage, additionally not a shock. Although normally Rocket is available in first right here.
No person else was even shut, with third place Pennymac solely in a position to muster $625 million and Freedom Mortgage doing an identical $615 million.
It then dropped off much more with Chase, loan servicer Mr. Cooper (soon to be owned by Rocket), loanDepot the following in line.
Others within the top-10 included Village Capital (a authorities streamline refi specialist), Newrez, and credit score union Randolph Brooks.
High Mortgage Lenders in Austin
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | UWM | $1.4 billion |
| 2. | CMG Mortgage | $769 million |
| 3. | Rocket Mortgage | $601 million |
| 4. | DHI Mortgage | $588 million |
| 5. | Lennar Mortgage | $545 million |
| 6. | Chase | $523 million |
| 7. | ClosingMark | $467 million |
| 8. | First United Financial institution | $415 million |
| 9. | loanDepot | $412 million |
| 10. | Fairway Impartial | $393 million |
High Mortgage Lenders in Dallas
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | UWM | $3.5 billion |
| 2. | Rocket Mortgage | $1.8 billion |
| 3. | DHI Mortgage | $1.6 billion |
| 4. | Chase | $1.1 billion |
| 5. | Lennar Mortgage | $954 million |
| 6. | PrimeLending | $792 million |
| 7. | CrossCountry | $734 million |
| 8. | loanDepot | $721 million |
| 9. | Supreme Lending | $675 million |
| 10. | Provident Funding | $633 million |
High Mortgage Lenders in Fort Value
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | UWM | $1.2 billion |
| 2. | Rocket Mortgage | $749 million |
| 3. | DHI Mortgage | $663 million |
| 4. | Service First | $330 million |
| 5. | Chase | $326 million |
| 6. | Guild Mortgage | $292 million |
| 7. | Fairway Impartial | $275 million |
| 8. | CrossCountry | $273 million |
| 9. | loanDepot | $248 million |
| 10. | Supreme Lending | $233 million |
High Mortgage Lenders in Houston
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | UWM | $3.5 billion |
| 2. | Rocket Mortgage | $1.8 billion |
| 3. | DHI Mortgage | $1.1 billion |
| 4. | Chase | $1.1 billion |
| 5. | Lennar Mortgage | $916 million |
| 6. | loanDepot | $799 million |
| 7. | CMG Mortgage | $774 million |
| 8. | Cadence Financial institution | $632 million |
| 9. | Benchmark | $469 million |
| 10. | Fairway Impartial | $448 million |
High Mortgage Lenders in San Antonio
| Rating | Firm Identify | 2024 Mortgage Quantity |
| 1. | Lennar Mortgage | $971 million |
| 2. | UWM | $904 million |
| 3. | DHI Mortgage | $816 million |
| 4. | Rocket Mortgage | $561 million |
| 5. | KBHS House Loans | $340 million |
| 6. | loanDepot | $323 million |
| 7. | Randolph Brooks | $314 million |
| 8. | Pulte Mortgage | $296 million |
| 9. | Veterans United | $294 million |
| 10. | Chase | $256 million |
Go Large or Go House in Texas?
Each time I write in regards to the largest mortgage lenders in a sure state, I do my finest to separate dimension from high quality.
Or no less than level out that they’re two distinctive issues, regardless of “prime” and “largest” getting used interchangeably.
For some, prime means very best quality, whereas largest means, properly, largest.
In fact, these two issues can go hand in hand, so it’s not at all times simple to distinguish.
When you take a look at the lists above, solely a handful of the mortgage corporations talked about are headquartered in Texas.
I imagine solely Nationstar (Mr. Cooper), D.R. Horton’s DHI Mortgage, Benchmark, Randolph Brooks, Service First, Supreme Lending and PrimeLending are Texas-based corporations.
The remainder are nationwide mortgage lenders that merely do a number of enterprise within the state of Texas.
So in case you favor a homegrown lender, you might wish to look elsewhere, akin to a neighborhood financial institution, credit score union, or mortgage broker.
However you might need a beautiful mortgage expertise working with one of many largest mortgage lenders in Texas too.
Regardless, the vital factor is to assemble a number of quotes to make sure you don’t miss out on a greater deal elsewhere.
That is very true in right now’s mortgage market, the place charges can range broadly from one lender to the following.
(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 consumers higher navigate the house mortgage course of. Observe me on X for decent takes.