Skip to Main Content

Top 10 FHA mortgage lenders of 2021

Emily Elconin/Bloomberg/Getty Images
Emily Elconin/Bloomberg/Getty Images
Bankrate Logo

Why you can trust Bankrate

While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .

ON THIS PAGE Jump to Open page navigation

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

The 10 largest FHA lenders accounted for about a third of all FHA home loans originated in 2021.

The 10 biggest FHA lenders

The top 10 FHA lenders by number of loans:

  1. Rocket Mortgage. Rocket originated nearly 128,000 FHA loans worth $25.5 billion in 2021, according to HMDA data.
  2. Freedom Mortgage. Freedom originated almost 118,000 FHA loans worth $25.5 billion in 2021.
  3. Caliber Home Loans. Caliber originated some 41,000 FHA mortgages worth $10.2 billion.
  4. United Shore Financial. Better known as United Wholesale Mortgage, this lender originated nearly 39,000 FHA loans worth $11.6 billion in 2021.
  5. Lakeview Loan Servicing. This lender originated 35,000 FHA mortgages with a total value of $8 billion.
  6. Nationstar Mortgage. This lender, now known as Mr. Cooper, originated nearly 34,000 FHA loans totaling $7 billion.
  7. Fairway Independent Mortgage. Fairway originated 32,000 loans worth $8 billion.
  8. PennyMac. PennyMac originated nearly 32,000 FHA loans valued at $6.9 billion.
  9. LoanDepot. LoanDepot originated 26,000 FHA loans worth $7.1 billion in 2021.
  10. CrossCountry Mortgage. This lender originated nearly 26,000 FHA loans worth $6.7 billion.

When FHA lenders are ranked by dollar volume rather than by number of loans originated, Freedom Mortgage just barely edges out Rocket Mortgage.

A quick guide to FHA loans

FHA loans appeal to first-time homebuyers for two main reasons: Borrowers can put down as little as 3.5 percent, and they can qualify even with credit scores in the 600s. There are downsides to FHA loans, however: They carry hefty mortgage insurance premiums, and some sellers and listing agents push FHA borrowers to the bottom of the offer pile.

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. While the government insures these loans, they are underwritten and administered by third-party mortgage lenders.

FHA loans come in 15-year and 30-year terms with fixed interest rates. The agency’s flexible underwriting standards are designed to help give borrowers who might not qualify for private mortgages a chance to become homeowners.

Learn more:

Written by
Jeff Ostrowski
Senior mortgage reporter
Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.
Edited by
Mortgage editor