When it comes to the top mortgage lenders in Florida based on 2022 volume, it’s important to note that the size of the lender doesn’t necessarily indicate their quality. However, understanding the key players in the market can provide valuable insights. Here are some of the prominent mortgage lenders in Florida:
Top Mortgage Lenders in Florida (Overall)
| Ranking | Company Name | 2022 Loan Volume |
| 1. | UWM | $15.3 billion |
| 2. | Rocket Mortgage | $11.3 billion |
| 3. | Chase | $5.4 billion |
| 4. | Wells Fargo | $5.0 billion |
| 5. | Bank of America | $4.9 billion |
| 6. | loanDepot | $4.5 billion |
| 7. | Truist | $3.8 billion |
| 8. | CrossCountry Mortgage | $3.8 billion |
| 9. | DHI Mortgage | $3.7 billion |
| 10. | Caliber Home Loans | $3.6 billion |
According to HMDA data, United Wholesale Mortgage (UWM) based in Pontiac, Michigan, emerged as the top mortgage lender in Florida last year. They surpassed Rocket Mortgage, which has held the national top spot for some time. UWM funded approximately $15.3 billion in home loans, while Rocket Mortgage (formerly Quicken Loans) managed $11.3 billion, representing respective market shares of 7% and 5% in the state.
This achievement may mark the first time that UWM has surpassed its Detroit-based rival. JPMorgan Chase secured the third position with $5.4 billion, followed closely by Wells Fargo at $5 billion, an impressive feat considering the various mortgage scandals the bank has faced. Bank of America rounded out the top five with $4.9 billion in funded home loans, demonstrating the significant presence of depository institutions in the market.
Completing the top 10 list were loanDepot, Truist, CrossCountry Mortgage, DHI Mortgage (the financing division of home builder D.R. Horton), and Caliber Home Loans.
Top Mortgage Lenders in Florida (for Home Purchases)
| Ranking | Company Name | 2022 Loan Volume |
| 1. | UWM | $11.6 billion |
| 2. | Rocket Mortgage | $4.5 billion |
| 3. | DHI Mortgage | $3.7 billion |
| 4. | CrossCountry Mortgage | $3.2 billion |
| 5. | Chase | $3.2 billion |
| 6. | Lennar Mortgage | $3.0 billion |
| 7. | Wells Fargo | $2.8 billion |
| 8. | Caliber Home Loans | $2.8 billion |
| 9. | loanDepot | $2.4 billion |
| 10. | Truist | $2.1 billion |
In the category of home purchase loans, UWM emerged as the leader with $11.6 billion in loan volume, surpassing Rocket’s $4.5 billion. UWM also held the top spot in 2021 and experienced year-over-year growth in loan volume.
DHI Mortgage made significant progress in the home purchase list, rising to third place with $3.7 billion, although still trailing behind the top contenders. CrossCountry Mortgage and Chase were closely aligned, each originating around $3.2 billion in home purchase loans.
The remaining top performers in this category included Lennar Mortgage (a home builder), Wells Fargo, Caliber Home Loans, loanDepot, and Truist.
This list becomes increasingly significant as the mortgage market transitions toward purchase lending. Last week, according to the Mortgage Bankers Association (MBA), the refinance share of mortgage applications stood at 26.9%, indicating a greater emphasis on purchase business for lenders.
It is worth noting the presence of two home builders in the top 10 list, a phenomenon that has become more prevalent due to the impact of existing housing supply and the effect of mortgage rate lock-ins.
Top Mortgage Lenders in Florida (for Home Refinances)
| Ranking | Company Name | 2022 Loan Volume |
| 1. | Rocket Mortgage | $6.6 billion |
| 2. | UWM | $3.7 billion |
| 3. | loanDepot | $2.0 billion |
| 4. | Wells Fargo | $1.9 billion |
| 5. | Bank of America | $1.9 billion |
| 6. | Pennymac | $1.6 billion |
| 7. | Freedom Mortgage | $1.5 billion |
| 8. | PNC Bank | $1.5 billion |
| 9. | Mr. Cooper | $1.4 billion |
| 10. | Chase | $1.1 billion |
While UWM outperformed Rocket in the home purchase lending category, Rocket reclaimed the top position in mortgage refinances. Last year, the Detroit-based lender originated $6.6 billion in refinance loans in Florida, almost double UWM’s $3.7 billion. However, these figures were lower compared to the $16.8 billion and $8.3 billion achieved by both lenders in 2021.
Taking the third spot was loanDepot with $2.0 billion, followed by Wells Fargo in fourth place with $1.9 billion. Bank of America secured the fifth position, while Pennymac, comprising several former Countrywide personnel, came in sixth.
Freedom Mortgage, previously the leading VA loan lender in the country, dropped to the seventh spot after being ranked third the previous year.
Top Mortgage Lenders in Jacksonville
| Ranking | Company Name | 2022 Loan Volume |
| 1. | UWM | $524 million |
| 2. | Rocket Mortgage | $404 million |
| 3. | VyStar Credit Union | $295 million |
| 4. | loanDepot | $172 million |
| 5. | Navy FCU | $163 million |
| 6. | Bank of England | $162 million |
| 7. | Ameris Bank | $155 million |
| 8. | Bank of America | $144 million |
| 9. | DHI Mortgage | $140 million |
| 10. | Regions Bank | $133 million |
Top Mortgage Lenders in Miami
| Ranking | Company Name | 2022 Loan Volume |
| 1. | Chase | $1.2 billion |
| 2. | UWM | $998 million |
| 3. | City National Bank (FL) | $713 million |
| 4. | Bank of America | $704 million |
| 5. | Citibank | $658 million |
| 6. | Wells Fargo | $601 million |
| 7. | First Republic Bank | $488 million |
| 8. | Rocket Mortgage | $449 million |
| 9. | Morgan Stanley | $403 million |
| 10. | Paramount Residential | $365 million |
Top Mortgage Lenders in Orlando
| Ranking | Company Name | 2022 Loan Volume |
| 1. | UWM | $976 million |
| 2. | Rocket Mortgage | $754 million |
| 3. | 3Rivers FCU | $420 million |
| 4. | Truist | $375 million |
| 5. | Wells Fargo | $360 million |
| 6. | DHI Mortgage | $275 million |
| 7. | loanDepot | $271 million |
| 8. | Regions Bank | $241 million |
| 9. | FBC Mortgage | $240 million |
| 10. | Capital One | $232 million |
Top Mortgage Lenders in Tampa
| Ranking | Company Name | 2022 Loan Volume |
| 1. | UWM | $2.2 billion |
| 2. | Rocket Mortgage | $1.6 billion |
| 3. | Lennar Mortgage | $841 million |
| 4. | Caliber Home Loans | $681 million |
| 5. | Truist | $655 million |
| 6. | loanDepot | $567 million |
| 7. | Wells Fargo | $526 million |
| 8. | DHI Mortgage | $523 million |
| 9. | Suncoast CU | $468 million |
| 10. | Bank of America | $438 million |
Should You Use One of the Largest Mortgage Lenders in Florida or Go Local?
Aside from the top-ranked lenders mentioned earlier, there are numerous other mortgage lenders in Florida that originated billions of dollars in home loans last year. These lenders may not have made it to the top 10 rankings, but they are still significant players in the market. Examples include FBC Mortgage, The Mortgage Firm, and various others.
If you prefer to work with a well-known lender, you have options beyond the companies listed above. Additionally, you may also consider Florida-based credit unions or local mortgage brokers, which can provide personalized service and tailored mortgage solutions.
Ultimately, the choice of where to get your home loan depends on your individual preferences and needs. What matters most is that the company you choose is financially stable and competent in handling your mortgage.
To ensure you make an informed decision, it’s crucial to speak with several different lenders and engage in comparison shopping. Taking the time to explore different options and evaluate loan terms, interest rates, and customer service can help you find the best mortgage offer for your specific circumstances.
FAQs
Q1. Who were the top mortgage lenders in Florida based on 2022 loan volume?
The top mortgage lenders in Florida based on 2022 loan volume were UWM, Rocket Mortgage, Chase, Wells Fargo, and Bank of America, among others. Please refer to the provided list for the complete rankings.
Q2. What was the loan volume of the top mortgage lender, UWM, in Florida?
UWM, the top mortgage lender in Florida, funded approximately $15.3 billion in home loans in 2022.
Q3. Which mortgage lender was the market leader in home purchase loans in Florida?
UWM was the market leader in home purchase loans in Florida, with a loan volume of $11.6 billion in 2022.
Q4. Who topped the list for mortgage refinances in Florida?
Rocket Mortgage was the top mortgage lender for refinances in Florida, originating $6.6 billion in refinance loans in 2022.
Q5. Which mortgage lenders were prominent in Jacksonville, Miami, Orlando, and Tampa?
In Jacksonville, UWM and Rocket Mortgage were the top two mortgage lenders. In Miami, Chase, UWM, and City National Bank were prominent. In Orlando, UWM and Rocket Mortgage led the market. In Tampa, UWM and Rocket Mortgage were the top lenders. Please refer to the respective lists for more details.
Related
Is Everlasting Stocks Worth It?
Side Hustle And Passive Income: A Comprehensive Overview
Education Planning for Children: Securing Their Future