High Mortgage Lenders in Georgia

It’s time to take a look at the highest mortgage lenders in Georgia based mostly on their 2021 mortgage quantity.

These mortgage corporations outranked multiple thousand different lenders to take the highest honors.

Total, about $160 billion in dwelling loans was funded in The Peach State final yr, making it one of many greater states volume-wise nationwide.

And taking the #1 spot was Rocket Mortgage, additionally the nation’s largest mortgage lender.

Learn on to see which different corporations ranked within the high 10.

High Mortgage Lenders in Georgia (Total)

Detroit-based Rocket Mortgage, the nation’s largest mortgage lender, originated a formidable $12.2 billion in dwelling loans in Georgia final yr.

That was almost double their nearest competitor, Pennymac, per HMDA information from advisory firm Richey Could.

SoCal based mostly Pennymac funded about $6.6 billion within the state final yr, and solely a few third of it got here by way of the retail channel.

They largely dole out loans by way of the correspondent lending channel (by way of smaller banks and credit score unions), and thru mortgage brokers within the wholesale channel.

In different phrases, your mortgage could have been originated by a unique firm, however backed by Pennymac.

In third was San Francisco-based Wells Fargo with $5.3 billion funded, one other good exhibiting regardless of their controversies.

They had been adopted carefully by Truist Monetary and United Wholesale Mortgage (UWM), each with about $4.7 billion funded.

In sixth was Atlanta, Georgia’s personal Ameris Financial institution with a wholesome $4 billion in dwelling mortgage quantity.

Newrez was an in depth seventh with $3.9 billion, adopted by Freedom Mortgage, AmeriHome, and Fairway Impartial Mortgage.

High Mortgage Lenders in Georgia (for Residence Consumers)

If we think about solely dwelling buy lending, the record modifications fairly a bit and new names floor.

Pennymac was the #1 dwelling buy lender in Georgia with $3.5 billion funded, adopted by Rocket Mortgage with $2.6 billion.

Ameris Financial institution took third with $2.4 billion, that means about 60% of their complete mortgage enterprise is dwelling buy loans.

In fourth was UWM with $2.3 billion, adopted by Gainesville, GA-direct lender Homestar Monetary with $2.2 billion in origination quantity.

Others within the high 10 included Truist Monetary, Fairway Impartial, Wells Fargo, Newrez, and AmeriHome.

High Refinance Lenders in Georgia (for Current Owners)

Now let’s speak in regards to the largest refinance lenders in Georgia. As anticipated, Rocket Mortgage completely dominated with $9.5 billion funded.

That was almost triple second place Freedom Mortgage’s $3.3 billion, a testomony to how lively they’re within the state.

In third was Pennymac with $3.1 billion, adopted carefully by Wells Fargo with roughly the identical quantity funded.

In fifth was UWM with $2.4 billion, a robust exhibiting since they solely work with mortgage brokers by way of the wholesale channel.

The remainder of the highest 10 included Truist Monetary, loanDepot, Mr. Cooper, Newrez, and struggling lender Higher Mortgage.

High Mortgage Lenders in Atlanta

High Mortgage Lenders in Augusta

Who Are Georgia’s Finest Mortgage Lenders?

I usually head over to Zillow and test buyer opinions to find out which mortgage corporations are faring greatest in a specific state.

Right here’s what I discovered for Georgia. Atlanta-based AmeriSave has a 4.68/5 score from over 2,400 opinions. Not the perfect score, however essentially the most opinions by far.

Then there’s Atlanta’s Silverton Mortgage, which has a superior 4.94/5 score from about 1,200 opinions.

Even higher is Ameris Financial institution’s 4.95/5 score from almost 900 buyer opinions, and fellow Atlanta lender First Possibility Mortgage’s 4.97/5 from about 1,000 opinions.

Honorable point out goes to Capital Metropolis Residence Loans and its 4.96/5 rating from 300 opinions.

As for the large, nationwide manufacturers, Rocket has a 4.48/5, Pennymac a 4.4/5, and Wells Fargo a 4.95/5.

So it seems there are many strong choices, whether or not you utilize an area, Georgia-based mortgage lender or a nationwide model.

Additionally you should definitely try some native mortgage brokers to see what they’ll provide.