Regardless of being a giant banking hub, the highest mortgage lenders in North Carolina are largely nonbanks.

Actually, 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 Workers’ Credit score Union.

Learn on to see who topped the listing in 2024 for mortgage lending general.

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 Workers 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

Whilst you in all probability guessed that the nation’s prime mortgage lender, UWM, was first, you’d be mistaken.

As a substitute, 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 Workers’ Credit score Union with an excellent 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 corporations (BB&T and SunTrust Financial institution).

The remainder of the very best included First-Residents Financial institution & Belief, Veterans United, and CrossCountry Mortgage.

*UWM is a wholesale lender that works solely with mortgage brokers, that means you may’t work with them immediately. However you will discover a dealer by way of their portal often called Mortgage Matchup.

Prime Mortgage Lenders in North Carolina (for House Consumers)

Rating	Firm Title	2024 Mortgage Quantity
1.	State Workers 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 Workers 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 (Present Owners)

Rating	Firm Title	2024 Mortgage Quantity
1.	Rocket Mortgage	$1.7 billion
2.	UWM	$1.5 billion
3.	State Workers 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 at all times have a tendency to guide in refis nationally and by state.

Nevertheless, their huge 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 Workers’ 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 often is. State Workers’ Credit score Union did an excellent job of protecting it native, regardless of refinances being primarily value pushed.

Those that rely an excessive amount of on refis may need bother 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 Workers 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 Workers 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

Measurement isn’t all the things. It may be advantageous to be massive to get issues performed within the mortgage trade, however it could additionally show to be a nuisance in the event you’re too huge.

Typically, a nimbler lending accomplice, comparable to a mortgage dealer or credit score union, may get you to the end line quicker, with fewer complications alongside the way in which.

I perceive that with regards to monetary selections, utilizing a giant, family identify can really feel just like the secure transfer, however contemplate all of your choices.

Clearly take the time to vet any firm or particular person first, however know there are various completely 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 corporations 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 bought good opinions, supply aggressive pricing, and supply high quality service.

(photograph: Mark Clifton)