Leading Home Mortgage Lenders in South Carolina

It’s time to take a look at the leading home mortgage lending institutions in South Carolina, based upon that did one of the most organization.

In 2014, greater than 1,000 home mortgage business jointly moneyed greater than $80 billion in mortgage in the state.

However one specific business did a great deal much more organization than the remainder, as well as likewise takes place to be the leading home mortgage lending institution in the united state

Yes, I’m describing Rocket Home mortgage (previously Quicken Loans), virtually increasing the quantity of their closest rival.

Continue reading to see which various other business controlled the home mortgage biz in The Palmetto State.

Leading Home Mortgage Lenders in South Carolina (Overall)

Position Business Call 2021 Lending Quantity
1. Rocket Home Mortgage $ 5.0 billion
2. Wells Fargo $ 2.8 billion
3. Pennymac $ 2.5 billion
4. Liberty Home Mortgage $ 2.2 billion
5. Truist $ 2.1 billion
6. SouthState Financial Institution $ 1.9 billion
7. Activity Home Mortgage $ 1.9 billion
8. Guild Home Mortgage $ 1.6 billion
9. UWM $ 1.5 billion
10. Newrez $ 1.5 billion

Coming in initial both in South Carolina (and also across the country) was none aside from Rocket Home Mortgage with $5.0 billion moneyed in 2021, per HMDA information from Richey May

As kept in mind, that was virtually dual 2nd placed-Wells Fargo, which took care of simply $2.8 billion throughout the year.

In a rather close 3rd was Pennymac, a primarily reporter lending institution that stemmed $2.5 billion.

4th mosted likely to Boca Raton-based Liberty Home Mortgage with $2.2 billion, while Charlotte-based Truist took 5th with $2.1 billion.

An additional Florida-based financial institution, SouthState Financial institution, got 6th with $1.9 billion, adhered to by South Carolina’s very own Activity Home Mortgage in 7th ($ 1.9 B).

The remainder of the leading 10 consisted of Guild Home Mortgage, United Wholesale Home Mortgage, and also Newrez

Just one home town business in the checklist, however several surrounding states like Florida and also North Carolina.

Leading South Carolina Home Mortgage Lenders (for House Customers)

Position Business Call 2021 Lending Quantity
1. Pennymac $ 1.4 billion
2. Activity Home Mortgage $ 1.4 billion
3. Wells Fargo $ 1.2 billion
4. SouthState Financial Institution $ 1.1 billion
5. Guild Home Mortgage $ 1.0 billion
6. Rocket Home Mortgage $ 997 million
7. Truist $ 912 million
8. TD Financial Institution $ 834 million
9. AmeriHome Home Mortgage $ 818 million
10. Newrez $ 773 million

The checklist modifications a fair bit when we concentrate just on residence acquisition fundings, with Pennymac got hold of the leading place with $1.4 billion moneyed.

They were adhered to carefully by Indian Land-based Activity Home mortgage with a comparable $1.4 billion in car loan source quantity.

Wells Fargo took 3rd with $1.2 billion, adhered to by SouthState Financial institution with $1.1 billion, and also Guild Home mortgage with $1 billion.

Rocket Home mortgage went down to 6th with $997 million moneyed, adhered to by Truist with $912 million.

TD Financial Institution, AmeriHome Home Mortgage, and also Newrez completed the leading 10. Once again, just one SC-based home mortgage business.

Leading Refinance Lenders in South Carolina (for Existing Property Owners)

Position Business Call 2021 Lending Quantity
1. Rocket Home Mortgage $ 4.0 billion
2. Liberty Home Mortgage $ 1.8 billion
3. Wells Fargo $ 1.4 billion
4. Pennymac $ 1.2 billion
5. Truist $ 1.0 billion
6. loanDepot $ 978 million
7. UWM $ 871 million
8. Mr. Cooper $ 846 million
9. Newrez $ 735 million
10. SouthState Financial Institution $ 733 million

Once the checklist is filteringed system to just consist of home mortgage refinances, Rocket Home mortgage trounces the competitors with $4.0 billion moneyed.

That was greater than dual 2nd positioned Liberty Home mortgage ($ 1.8 billion), and also greater than three-way 3rd positioned Wells Fargo ($ 1.4 billion).

Concerning 80% of the Detroit-based business’s car loan quantity contained refis in the state of South Carolina.

4th mosted likely to Pennymac with $1.2 billion, while 5th area was caught by Truist with $1.0 billion moneyed.

The continuing to be places in the leading 10 mosted likely to loanDepot, UWM, Mr. Cooper, Newrez, and also SouthState Financial institution.

The Very Best South Carolina Home Mortgage Lenders

One of the most examined home mortgage lending institution on Zillow in the state of South Carolina takes place to be Activity Home mortgage.

They likewise have an outstanding 4.98/ 5 score from regarding 18,000 client evaluations. That makes them a quite highly-rated home mortgage business in the state, possibly the very best.

At The Same Time, Rocket has a 4.48/ 5, Wells Fargo has a 4.95/ 5, Liberty Home mortgage has a 4.85/ 5, and also Pennymac has a 4.4/ 5.

Several smaller sized, SC-based home mortgage business really did not make the listings over, however still very own exceptional rankings on Zillow.

They consist of Columbia-based Providing Course Home Mortgage (4.97/ 5) and also Structure Home Mortgage Corp. (4.97/ 5), in addition to Charleston-based Tabor Home Mortgage Team (4.94/ 5).

As well as there are several various other SC home mortgage business, consisting of SC-based home mortgage brokers, which likewise offer exceptional solution.

Make the effort to take a look at business both huge and also little, and also look past property representative references and also home names. You could locate a covert treasure.

( image: Mark Clifton)

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