When it comes to buying a home, most people will require a mortgage to finance the purchase. There are many mortgage lenders out there, but some stand out from the rest due to their size and reputation. In this article, we will be discussing the largest home mortgage lenders in the United States.
1. Wells Fargo
Wells Fargo is the largest mortgage lender in the United States, with a market share of 27% as of 2021. The bank offers a variety of mortgage products, including fixed-rate, adjustable-rate, FHA, VA, and jumbo loans. Wells Fargo has a reputation for excellent customer service and has won numerous awards for its mortgage services.
2. Quicken Loans
Quicken Loans is the second-largest mortgage lender in the United States, with a market share of 9% as of 2021. The company is known for its online mortgage application process, which allows borrowers to apply for a loan and receive a decision within minutes. Quicken Loans offers a variety of mortgage products, including traditional and jumbo loans, FHA and VA loans, and refinancing options.
3. Chase
Chase is the third-largest mortgage lender in the United States, with a market share of 7% as of 2021. The bank offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. Chase is known for its competitive interest rates and excellent customer service.
4. Bank of America
Bank of America is the fourth-largest mortgage lender in the United States, with a market share of 5% as of 2021. The bank offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. Bank of America is known for its flexible underwriting standards and excellent customer service.
5. US Bank
US Bank is the fifth-largest mortgage lender in the United States, with a market share of 4% as of 2021. The bank offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. US Bank is known for its competitive interest rates and excellent customer service.
6. Freedom Mortgage
Freedom Mortgage is the sixth-largest mortgage lender in the United States, with a market share of 3% as of 2021. The company specializes in government-backed loans, including FHA, VA, and USDA loans. Freedom Mortgage is known for its excellent customer service and flexible underwriting standards.
7. Caliber Home Loans
Caliber Home Loans is the seventh-largest mortgage lender in the United States, with a market share of 2% as of 2021. The company offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. Caliber Home Loans is known for its competitive interest rates and excellent customer service.
8. Guild Mortgage
Guild Mortgage is the eighth-largest mortgage lender in the United States, with a market share of 2% as of 2021. The company offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. Guild Mortgage is known for its flexible underwriting standards and excellent customer service.
9. Flagstar Bank
Flagstar Bank is the ninth-largest mortgage lender in the United States, with a market share of 2% as of 2021. The bank offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. Flagstar Bank is known for its competitive interest rates and excellent customer service.
10. Guaranteed Rate
Guaranteed Rate is the tenth-largest mortgage lender in the United States, with a market share of 2% as of 2021. The company offers a variety of mortgage products, including fixed-rate and adjustable-rate loans, FHA and VA loans, and jumbo loans. Guaranteed Rate is known for its online mortgage application process and competitive interest rates.
Conclusion
These are the top ten largest home mortgage lenders in the United States. If you are in the market for a mortgage, it’s important to shop around and compare rates and terms from multiple lenders to find the best deal for your needs. With the help of a reputable mortgage lender, you can achieve your dream of homeownership.