These are the most popular mortgage lenders in each state

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In the state-by-state rankings of most active mortgage lenders, it’s Quicken and everyone else.

Quicken Loans was the top mortgage lender in 30 states in 2020. Quicken’s dominant position is no surprise — it’s the largest mortgage lender in the nation, originating more than 1 million home loans nationally in 2020.

Underscoring its market-leading position, Quicken Loans was the second-largest mortgage lender in an additional 12 states.

But here’s a twist: No other mortgage lender had pole position in more than one state last year. Every one of the 20 states where Quicken wasn’t No. 1 had a different No. 1 lender.

These rankings are based on a Bankrate analysis of preliminary Home Mortgage Disclosure Act data, with an assist from ComplianceTech’s LendingPatterns.com.

States where Quicken leads the pack

Quicken was the top lender in all five of the most populous states — California, Texas, Florida, New York and Pennsylvania. And Quicken was the biggest mortgage originator in such major states as George, North Carolina, Michigan (Quicken’s home turf), New Jersey and Virginia.

Quicken clearly is focusing on states with the biggest numbers of borrowers. The company originated the most loans in 14 of the 16 largest states.

States where Quicken isn’t No. 1

Despite its dominance, there are two large states where Quicken doesn’t hold the top spot. In Illinois, first place was occupied by Guaranteed Rate.

Reflecting its efforts to market to consumers, Guaranteed Rate owns the naming rights to the ballpark of the Chicago White Sox. Chase ranked No. 2 in Illinois by number of loans originated in 2020, while Quicken placed third.

And in Ohio, Huntington National Bank, based in Columbus, was the state’s top mortgage originator in 2020. Quicken was No. 2 in the state.

In the states where Quicken isn’t No. 1, the top spot often is held by a local player. Bangor Savings Bank is the biggest originator in Maine, Glacier Bank is tops in Montana and Summit Credit Union is No. 1 in Wisconsin.

Here are the top lenders in every state based on mortgage originations in 2020:

Biggest lenders by state for 2020
State Top lender Originations No. 2 lender
Alabama Quicken 12,463 Regions
Alaska Residential Mortgage 4,509 Alaska USA
Arizona Quicken 43,867 United Shore
Arkansas Arvest 11,773 Quicken
California Quicken 220,416 United Shore
Colorado Quicken 31,299 United Shore
Connecticut Quicken 9,315 Citizens
Delaware Quicken 5,073 Freedom
District of Columbia First Savings 2,165 Quicken
Florida Quicken 74,110 United Shore
Georgia Quicken 43,686 Freedom
Hawaii Bank of Hawaii 5,845 First Hawaiian
Idaho Idaho Central 16,214 Quicken
Illinois Guaranteed Rate 30,230 Chase
Indiana Ruoff Mortgage 19,099 Quicken
Iowa Greenstate Credit Union 16,922 Iowa Bankers
Kansas Quicken 6,044 Fairway
Kentucky Quicken 9,649 U.S. Bank
Louisiana GMFS 12,052 Quicken
Maine Bangor Savings Bank 6,125 Quicken
Maryland Quicken 25,868 Freedom
Massachusetts Quicken 20,727 Citizens
Michigan Quicken 56,323 United Shore
Minnesota Quicken 16,834 U.S. Bank
Mississippi Turstmark 6,805 BancorpSouth
Missouri Quicken 11,647 Flat Branch
Montana Glacier Bank 5,228 Stockman Bank
Nebraska First National Bank of Omaha 6,646 Quicken
Nevada Quicken 16,464 Guild Mortgage
New Hampshire Quicken 6,197 CMG
New Jersey Quicken 31,547 Wells Fargo
New Mexico Quicken 6,599 Waterstone
New York Quicken 31,209 Chase
North Carolina Quicken 40,474 State Employees
North Dakota Gate City Bank 3,498 First International Bank
Ohio Huntington National Bank 41,084 Quicken
Oklahoma Quicken 6,846 First United Bank
Oregon Quicken 16,144 Guild Mortgage
Pennsylvania Quicken 29,928 Citizens
Rhode Island Citizens Bank 4,075 Quicken
South Carolina Quicken 18,094 Freedom
South Dakota Plains Commerce Bank 4,831 First Premier
Tennessee Quicken 20,818 Mortgage Investors
Texas Quicken 62,677 Freedom
Utah United Shore 26,831 Quicken
Vermont New England Federal CU 4,518 Quicken
Virginia Quicken 38,123 Freedom
Washington Quicken 36,844 Caliber Home Loans
West Virginia Quicken 4,076 City National Bank
Wisconsin Summit CU 16,616 University of Wisconsin CU
Wyoming First Interstate Bank 3,052 Quicken

What you can do to get a better mortgage rate

Should you go with the biggest lender in your state for a refinance or a purchase mortgage? That depends.

Before committing to a lender, do your research. To secure the most favorable mortgage rate, take these steps:

  • Compare offers. Get offers from at least three lenders. If you live in an area with limited competition among local banks, that might require you to shop online. The good news: Comparison shopping can save you thousands of dollars. Bankrate’s rate tables are a great place to start your search.
  • Look beyond brick-and-mortar lenders. The bank or credit union where you keep your cash might offer the best deal on a home loan, but make sure you do some comparison shopping. Rates and closing costs can vary widely by lender.
  • Spruce up your credit score. It’s the best way to lower your rate, and more effective than boosting your down payment or improving your debt-to-income ratio.

Learn more:

Correction: The original version of this story listed the University of Wisconsin Credit Union as the No. 1 lender in Wisconsin, and Summit Credit Union as No. 2. However, those figures omitted originations through preapprovals, an active channel for Summit Credit Union.