Loan types › Conventional
Conventional loans
A conventional loan is one not insured or guaranteed by a federal agency: it carries no FHA insurance and no VA, USDA Rural Housing Service or Farm Service Agency guarantee. HMDA loan type code 1.
Originations, 2024 4,838,149
Share of all originations 78.1%
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions.
8,452,933applications, 2024
4,838,149originations
20.9%denials as a share of applicationsall types: 19.5%
78.1%of all originations
National trend, 2018–2024
Share of all originationsDenials ÷ applications
By state, 2024
| State | Conventional applications | Conventional originations | Share of state originations | Denials ÷ applications |
|---|---|---|---|---|
| California | 777,389 | 428,026 | 83.7% | 20.4% |
| Florida | 685,344 | 345,925 | 72.6% | 24.7% |
| Texas | 677,635 | 342,927 | 69.3% | 23.7% |
| Pennsylvania | 343,983 | 210,695 | 85.6% | 20.6% |
| Ohio | 331,695 | 200,045 | 81.2% | 20.1% |
| North Carolina | 338,457 | 195,015 | 75.9% | 21.1% |
| New York | 319,388 | 188,100 | 90.1% | 21.4% |
| Michigan | 289,897 | 175,258 | 85.0% | 20.0% |
| Illinois | 291,867 | 174,257 | 83.9% | 18.8% |
| Georgia | 294,308 | 158,417 | 69.6% | 23.1% |
| New Jersey | 245,846 | 134,548 | 85.8% | 20.8% |
| Virginia | 221,963 | 130,729 | 71.4% | 19.7% |
| Indiana | 199,649 | 127,793 | 78.5% | 18.5% |
| Washington | 206,111 | 124,598 | 81.2% | 18.5% |
| Wisconsin | 176,923 | 123,356 | 89.8% | 14.5% |
| Arizona | 210,520 | 121,026 | 72.2% | 19.6% |
| Tennessee | 203,391 | 117,801 | 73.3% | 19.7% |
| Colorado | 189,291 | 111,653 | 78.0% | 18.5% |
| Massachusetts | 173,488 | 107,487 | 89.8% | 18.5% |
| Missouri | 159,865 | 101,632 | 77.3% | 16.9% |
| Minnesota | 143,784 | 98,042 | 87.0% | 14.1% |
| South Carolina | 162,121 | 88,975 | 69.8% | 22.4% |
| Maryland | 153,460 | 87,827 | 75.1% | 21.5% |
| Alabama | 130,951 | 70,812 | 67.7% | 24.0% |
| Utah | 114,875 | 70,740 | 81.0% | 18.5% |
| Kentucky | 117,886 | 67,724 | 76.0% | 22.1% |
| Oregon | 105,683 | 63,411 | 81.1% | 17.7% |
| Connecticut | 96,018 | 58,265 | 87.2% | 19.4% |
| Iowa | 82,652 | 57,982 | 85.6% | 12.9% |
| Oklahoma | 90,085 | 50,543 | 69.4% | 21.1% |
| Nevada | 83,671 | 46,880 | 70.7% | 21.6% |
| Arkansas | 77,544 | 42,900 | 72.5% | 22.4% |
| Kansas | 64,836 | 42,255 | 78.1% | 16.5% |
| Louisiana | 84,388 | 41,407 | 66.4% | 27.2% |
| Idaho | 61,466 | 37,898 | 79.2% | 17.4% |
| Mississippi | 68,317 | 34,168 | 68.9% | 27.4% |
| Nebraska | 45,454 | 30,804 | 80.3% | 14.4% |
| Maine | 42,319 | 26,677 | 84.0% | 17.5% |
| New Hampshire | 43,339 | 26,276 | 86.9% | 19.2% |
| New Mexico | 48,561 | 25,381 | 69.3% | 22.2% |
| West Virginia | 35,806 | 19,208 | 70.8% | 25.3% |
| Rhode Island | 32,501 | 18,987 | 83.6% | 22.2% |
| Delaware | 32,135 | 18,794 | 77.3% | 21.6% |
| Montana | 24,611 | 15,150 | 77.9% | 17.5% |
| Hawaii | 24,392 | 12,616 | 78.2% | 26.3% |
| South Dakota | 18,259 | 12,112 | 76.2% | 14.3% |
| Vermont | 16,369 | 10,653 | 90.7% | 15.6% |
| North Dakota | 14,356 | 10,054 | 76.7% | 12.0% |
| Wyoming | 12,760 | 7,709 | 68.3% | 18.8% |
| District of Columbia | 13,356 | 7,518 | 89.4% | 19.4% |
| Alaska | 11,482 | 6,646 | 62.7% | 18.2% |
| Puerto Rico | 8,209 | 5,358 | 41.0% | 17.7% |
Most active Conventional lenders, 2024
| # | Lender | Conventional applications | Conventional originations | Share of lender's originations | Conventional denials ÷ applications |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 348,984 | 266,170 | 73.7% | 14.2% |
| 2 | United Wholesale Mortgage | 310,833 | 237,163 | 64.8% | 11.1% |
| 3 | Bank of America NA | 217,174 | 82,690 | 99.4% | 37.1% |
| 4 | JPMorgan Chase Bank, NA | 121,083 | 78,522 | 97.2% | 8.9% |
| 5 | Us Bank, N.A. | 148,463 | 71,464 | 95.9% | 35.8% |
| 6 | Crosscountry Mortgage, LLC | 101,335 | 69,065 | 67.8% | 2.0% |
| 7 | Navy Federal Credit Union | 147,501 | 64,929 | 79.2% | 26.8% |
| 8 | PNC Bank N.A. | 109,941 | 56,057 | 98.6% | 28.9% |
| 9 | CBNA Year to Date | 97,478 | 54,344 | 98.5% | 31.3% |
| 10 | Fairway Independent Mort Corp | 68,559 | 51,114 | 68.7% | 4.2% |
| 11 | Guild Mortgage Company | 70,028 | 50,317 | 66.8% | 3.3% |
| 12 | Loandepot.com, LLC | 89,442 | 50,042 | 63.0% | 20.6% |
| 13 | Huntington National Bank | 92,188 | 49,736 | 95.6% | 30.3% |
| 14 | Guaranteed Rate, Inc. | 76,635 | 47,349 | 75.4% | 6.3% |
| 15 | Movement Mortgage, LLC | 58,722 | 42,077 | 68.7% | 4.3% |
| 16 | CMG Mortgage Inc | 55,637 | 37,214 | 63.2% | 4.5% |
| 17 | Pennymac Loan Services LLC | 70,310 | 37,173 | 55.2% | 15.0% |
| 18 | Wells Fargo Bank NA | 75,440 | 35,625 | 95.7% | 21.2% |
| 19 | Discover Bank | 216,146 | 34,694 | 100.0% | 52.1% |
| 20 | Truist Bank | 76,421 | 34,358 | 95.8% | 41.7% |
| 21 | Figure Lending LLC | 73,873 | 34,103 | 100.0% | 28.1% |
| 22 | Lennar Mortgage, LLC | 44,274 | 33,727 | 60.7% | 8.5% |
| 23 | Newrez LLC | 90,345 | 33,431 | 64.1% | 20.2% |
| 24 | Nationstar Mortgage | 50,246 | 32,807 | 78.7% | 15.4% |
| 25 | Spring Eq, LLC | 104,263 | 31,186 | 100.0% | 54.8% |
| 26 | 21st Mortgage | 164,481 | 30,274 | 100.0% | 46.5% |
| 27 | New American Funding, LLC. | 62,687 | 29,434 | 60.5% | 8.5% |
| 28 | Fifth Third Bank, National Association | 53,600 | 29,219 | 95.8% | 27.6% |
| 29 | State Employees' Credit Union | 46,507 | 28,065 | 100.0% | 23.7% |
| 30 | DHI Mortgage Company, LTD. | 37,314 | 28,056 | 39.7% | 6.9% |
| 31 | Regions Bank | 64,990 | 27,407 | 93.4% | 41.1% |
| 32 | TD Bank | 48,774 | 24,638 | 99.6% | 29.9% |
| 33 | Kiavi Funding, Inc. | 30,015 | 21,996 | 100.0% | 8.7% |
| 34 | Third Federal Savings and Loan | 43,869 | 21,958 | 100.0% | 37.6% |
| 35 | Flagstar Bank NA | 35,973 | 20,432 | 69.4% | 24.0% |
| 36 | The Loan Store, Inc | 32,825 | 20,368 | 86.5% | 13.2% |
| 37 | Union Home Mortgage Corp. | 25,423 | 19,257 | 70.2% | 5.0% |
| 38 | M&T Bank | 32,416 | 18,733 | 90.3% | 32.8% |
| 39 | BMO Harris Bank NA | 39,305 | 17,972 | 98.9% | 31.0% |
| 40 | Primelending | 24,387 | 17,949 | 71.4% | 4.9% |
| 41 | Vanderbilt Mortgage and Finance, Inc | 118,665 | 16,906 | 83.3% | 44.7% |
| 42 | America First Federal Credit Union | 22,252 | 15,950 | 99.6% | 19.7% |
| 43 | Coastal Community Bank | 64,233 | 15,099 | 100.0% | 1.6% |
| 44 | First Ciitizens Bank and Trust | 22,265 | 14,743 | 97.2% | 21.4% |
| 45 | Prosperity Home Mortgage, LLC | 19,658 | 14,705 | 73.1% | 5.1% |
| 46 | Pulte Mortgage LLC | 20,599 | 14,643 | 74.4% | 8.6% |
| 47 | Citibank, NA | 30,730 | 14,059 | 99.7% | 15.0% |
| 48 | Provident Funding Associates | 21,886 | 13,307 | 100.0% | 7.0% |
| 49 | Boeing Employees' Credit Union | 21,271 | 13,040 | 99.6% | 24.6% |
| 50 | First National Bank of Pa | 20,656 | 12,810 | 98.1% | 27.5% |
Lenders ranked by originations of this type. Lists are by volume only; this site does not rate or recommend lenders.
Questions and answers
How many Conventional loans were originated in 2024?
4,838,149 nationally, 78.1% of all HMDA-reported originations, from 8,452,933 applications.
What is the denial rate for Conventional applications?
20.9% of Conventional applications were denied in 2024, measured as denials over all applications of that type; the all-type figure on the same basis is 19.5%.
Which lenders originate the most Conventional loans?
Rocket Mortgage (266,170), United Wholesale Mortgage (237,163), Bank of America NA (82,690), JPMorgan Chase Bank, NA (78,522), Us Bank, N.A. (71,464).
Provenance
Source: HMDA Data Browser aggregations by loan type 2018–2024 and the 2024 public LAR (FFIEC and CFPB, public domain). Built 30 Sep 2026.