Well, another year is in the books at VA, and as in previous years, Veteran’s United topped the list of loan loan lending in America.
This marked their third year as the top VA -Lock Loan and beat United Wholesale MortGage (UWM) to the top place this time.
They have now taken the top place in 2024, 2023 and 2022, and as in previous years with a large margin.
The Columbia, Missouri-based Mortgage Company, funded nearly 62,000 loans totaling over $ 19 billion during the year.
It was more than enough to beat UWM, which only patterned about $ 15.6 B. Read on to see the others in the top ten.
Top VA -Lock providers in 2024
| Ranking | Company name | 2024 VA loan volume |
| 1. | Veterans United | $ 19.3 billion |
| 2. | Uwm | $ 15.6 billion |
| 3. | Rocket mortgage loan | $ 8.0 billion |
| 4. | Freedom mortgage | 6.6 billion dollars |
| 5. | Navy Federal | $ 5.9 billion |
| 6. | DHI MORTGAGE | 4.3 billion dollars |
| 7. | Village Capital | 3.8 billion dollars |
| 8. | Pennymac | 3.5 billion dollars |
| 9. | CrossCountry Mortgage | 3.2 billion dollars |
| 10. | Loandepot | 3.1 billion dollars |
As noted, Veterans United Housing Loan was the largest VA lender last year, per year. New lender statistics from the Department of Veteran Affairs.
The company funded $ 19.3 billion in VA loans, including over $ 17 billion in home purchase loans.
Impressively given 2024 was another tough year for home buyers considering the combination of increased mortgage rates and ever -increasing house prices.
It did not seem to slow down the company, which saw its total production rising from $ 17.7 billion the year before.
The rest of their production was mostly powered by streamlining refinances, namely interest reduction reduction loans (IRRRL).
They also made about $ 540 million cash refinancing loans to veterans and active military homeowners.
In other words, almost 90% of their production comes from home buying loans, and virtually all of their loans are supported by VA. Although they tend to make a small amount of conventional loan and FHA loans.
Taking the other place in 2024 was Pontiac, Michigan-based UWM, which happens to be the No. 1 mortgage loan that is overall across all loan types.
But there was still a big gap between them where UWM only funded $ 15.6 billion in VA loans last year.
However, UWM Veterans United beat in the refinancing categories, so it’s really the home buyer segment that they need to work on.
Taking third place was rocked mortgage with a much less $ 8 billion, mostly driven by refinancing loans, including over $ 4 billion in VA payout loans.
Rocket has traditionally caught more refinancing business than buying lending business in all categories.
Around the top five were Freedom Mortgage with $ 6.6 billion and Navy Federal Credit Union with $ 5.9 billion.
Others in the Top 10 included DHI MORTGAGE, MORTGAGE Division of Top Home Builder Dr. Horton along with Village Capital, Pennymac, CrossCountry Mortgage and Loandepot.
Top VA -Purchase Loans lenders
| Ranking | Company name | 2024 VA loan volume |
| 1. | Veterans United | $ 17.0 billion |
| 2. | Uwm | 8.9 billion dollars |
| 3. | Navy Federal | $ 5.5 billion |
| 4. | DHI MORTGAGE | 4.3 billion dollars |
| 5. | Rocket mortgage loan | $ 3.0 billion |
| 6. | CrossCountry Mortgage | 2.7 billion dollars |
| 7. | Usaa | 2.5 billion dollars |
| 8. | Freedom mortgage | 2.3 billion dollars |
| 9. | Fairway Independent | 2.3 billion dollars |
| 10. | Lennar mortgage | 2.1 billion dollars |
If we break down it by home buying loans, Veterans United was still No. 1, and with an even wider margin because that’s pretty much everything they focus on.
The company funded a staggering $ 17 billion, with UWM in second place not even close to $ 8.9 billion.
Navy Federal came in third place with $ 5.5 billion, and surprisingly, DHI MortGage grabbed the fourth place with $ 4.3 billion.
Most of the top housing construction has their own captive lenders, and recently they have offered BYDOWNSKS for large mortgage loans to help more home buyers qualify.
This has helped companies like DHI MortGage grow their loan production and beat independent mortgage lenders who often cannot compete.
Rocket still managed to hang the fifth place, albeit with just under $ 3 billion in VA purchase loans.
The rest of the top 10 included crosscountry mortgage loans, usaa, fairway Independent Mortgage, Freedom Mortgage and Lennar Mortgage.
Usaa is a bank that primarily serves military members and their families, while Lennar Mortgage is the financing arm for residential builder Lennar. So no real surprises here.
Top VA -REFINANSIATING SUPPLIERS (streamline)
| Ranking | Company name | 2024 VA loan volume |
| 1. | Uwm | 3.9 billion dollars |
| 2. | Freedom mortgage | 2.4 billion dollars |
| 3. | Village Capital | 2.3 billion dollars |
| 4. | Pennymac | 1.8 billion dollars |
| 5. | Veterans United | 1.7 billion dollars |
| 6. | Rocket mortgage loan | 1.0 billion dollars |
| 7. | Planet home | 617 million dollars |
| 8. | LakeView | $ 596 million |
| 9. | Newrez | $ 500 million |
| 10. | Mortgage solutions Financial | 246 million dollars |
When we draw attention to refinancing loans, the overall lender was able to collect UWM to capture the lead in the category of almost $ 4 billion funded.
VA offers a streamline refinancing that requires very little in terms of documentation to achieve a lower interest rate and/or new loan period
And UWM, driven by independent mortgage brokers, led the way.
On the second, Freedom Mortgage was with $ 2.4 billion, one of the top correspondent providers in both the VA and the FHA room.
They were followed by Village Capital with $ 2.3 billion, which is also fully focused on the streamline Refis, including FHA power lines.
Fourth went to Veterans United, and Fifth went to Pennymac, which was formed by ex-national-covering employees about 15 years ago.
Other big names included Rocket, Planet Home Lending, LakeView Loan Service, Newrez and Mortgage Solutions Financial.
Top VA Refinance -Leaves (Payout)
| Ranking | Company name | 2024 VA loan volume |
| 1. | Rocket mortgage loan | 4.0 billion dollars |
| 2. | Uwm | 2.7 billion dollars |
| 3. | Freedom mortgage | 1.9 billion dollars |
| 4. | New day financially | 1.4 billion dollars |
| 5. | Village Capital | 1.3 billion dollars |
| 6. | Loandepot | 1.2 billion dollars |
| 7. | Federal Savings Bank | 1.1 billion dollars |
| 8. | Veterans United | 543 million dollars |
| 9. | Pennymac | 434 million dollars |
| 10. | Carrington mortgage | $ 349 million |
The last category is Va Cash Out Loans, and this is Rocket Mortgage’s Bread and Butter, with over $ 4 billion funded. It represented half of their total VA production.
On the second, UWM was $ 2.7 billion, followed by freedom loans with $ 1.9 billion.
The new day’s economic took fourth place with $ 1.4 billion, and the village’s capital took fifth place with $ 1.3 billion.
Others who made the Top 10 included Loandepot, Federal Savings Bank, Veterans United, Pennymac and Carrington Mortgage.
Again, no real surprises, and only really big names. And remember, you don’t have to use one of the biggest VA loans to get a loan.
There are literally over 1,000 VA -Lock providers in the country, both large and small, and everything in between.
Be sure to take the time to shop around among them instead of just going with the biggest name that may charge you for the privilege.
Before creating this site, I worked as a banking director of a wholesale loan in Los Angeles. My practical experience in the early 2000s inspired me to start writing about mortgage loans 19 years ago to help potential (and existing) home buyers better navigate the home loan process. Follow me on x for hot take.
