USDA Rural Housing Service or Farm Service Agency guaranteed mortgages: originations, denial rate and lenders by state, 2024

Loan types › USDA Rural Housing Service or Farm Service Agency guaranteed

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.

52,482applications, 2024

36,314originations

10.1%denials as a share of applicationsall types: 19.5%

0.6%of all originations

National trend, 2018–2024

USDA originations by year, United States

Share of all originationsDenials ÷ applications

Share of all originations, and denials as a share of applications for this type

By state, 2024

State	USDA applications	USDA originations	Share of state originations	Denials ÷ applications
Texas	3,333	2,290	0.5%	9.2%
Missouri	3,211	2,273	1.7%	9.2%
Louisiana	3,152	2,245	3.6%	8.5%
Tennessee	2,688	1,919	1.2%	8.4%
Alabama	2,597	1,843	1.8%	9.9%
Indiana	2,188	1,620	1.0%	8.7%
Arkansas	2,644	1,604	2.7%	6.7%
Pennsylvania	1,874	1,419	0.6%	9.6%
Ohio	1,932	1,339	0.5%	8.3%
Mississippi	1,880	1,264	2.5%	10.8%
Puerto Rico	1,720	1,245	9.5%	14.8%
Kentucky	1,770	1,218	1.4%	9.7%
North Carolina	1,692	1,163	0.5%	8.4%
Georgia	1,658	1,148	0.5%	10.2%
Oklahoma	1,607	1,132	1.6%	7.2%
Virginia	1,337	1,002	0.5%	7.1%
South Carolina	1,414	961	0.8%	12.4%
Illinois	1,404	940	0.5%	12.3%
Michigan	1,211	854	0.4%	10.3%
Florida	1,362	846	0.2%	14.8%
Kansas	1,000	700	1.3%	10.8%
Iowa	1,060	671	1.0%	17.5%
West Virginia	873	634	2.3%	9.5%
Minnesota	759	562	0.5%	9.2%
Arizona	750	510	0.3%	12.3%
Wisconsin	632	448	0.3%	13.0%
Washington	574	443	0.3%	6.6%
Maryland	540	409	0.3%	5.0%
Maine	515	337	1.1%	17.1%
California	545	301	0.1%	14.9%
New Mexico	475	299	0.8%	8.0%
New York	396	278	0.1%	14.1%
New Jersey	440	265	0.2%	8.4%
Nebraska	329	233	0.6%	11.9%
Oregon	316	227	0.3%	8.5%
South Dakota	300	217	1.4%	8.7%
Connecticut	258	177	0.3%	11.6%
Wyoming	164	138	1.2%	4.9%
Utah	223	137	0.2%	12.1%
Colorado	212	120	0.1%	13.7%
Massachusetts	181	115	0.1%	13.8%
North Dakota	159	113	0.9%	10.7%
Idaho	166	110	0.2%	10.2%
Montana	151	101	0.5%	15.9%
Nevada	153	99	0.1%	9.2%
Rhode Island	129	92	0.4%	5.4%
New Hampshire	94	61	0.2%	12.8%
Alaska	78	58	0.5%	7.7%
Delaware	74	55	0.2%	14.9%
Vermont	75	47	0.4%	14.7%
Hawaii	45	25	0.2%	20.0%
District of Columbia	1	0	0.0%	0.0%

Most active USDA lenders, 2024

#	Lender	USDA applications	USDA originations	Share of lender's originations	USDA denials ÷ applications
1	CMG Mortgage Inc	6,014	4,222	7.2%	5.8%
2	Guild Mortgage Company	1,478	1,155	1.5%	4.4%
3	United Wholesale Mortgage	1,516	1,128	0.3%	15.9%
4	Flat Branch Mortgage, Inc.	1,155	925	6.7%	3.0%
5	DHI Mortgage Company, LTD.	1,171	808	1.1%	18.0%
6	Fairway Independent Mort Corp	997	740	1.0%	7.1%
7	Crosscountry Mortgage, LLC	965	707	0.7%	5.1%
8	Union Home Mortgage Corp.	945	678	2.5%	10.6%
9	Equity Prime Mortgage LLC	861	661	6.0%	1.0%
10	Newrez LLC	755	538	1.0%	11.0%
11	Gmfs, LLC	699	491	8.2%	5.6%
12	Stockton Mortgage Corporation	650	488	6.3%	6.8%
13	Das Acquisition Company, LLC	629	479	6.1%	3.5%
14	Movement Mortgage, LLC	669	478	0.8%	3.3%
15	Click n' Close, Inc.	757	461	4.8%	3.3%
16	Flagstar Bank NA	704	416	1.4%	37.4%
17	First Community Mortgage	504	410	3.9%	7.9%
18	Paramount Residential Mortgage	546	370	1.9%	3.5%
19	ALCOVA Mortgage, LLC	385	325	6.4%	1.8%
20	American Pacific Mortgage Corporation	414	323	1.6%	6.0%
21	New American Funding, LLC.	464	316	0.6%	5.8%
22	Primelending	382	297	1.2%	7.1%
23	Lendlo Mortgage, LLC	347	282	8.0%	2.6%
24	Guaranteed Rate, Inc.	390	280	0.4%	4.9%
25	Renasant Bank	393	279	3.8%	11.7%
26	Atlantic Bay Mortgage Group	341	267	2.0%	2.1%
27	American Financial Resources LLC	384	266	5.1%	12.0%
28	Ruoff Mortgage Company	317	255	2.4%	3.5%
29	Lennar Mortgage, LLC	337	243	0.4%	18.7%
30	Magnolia Bank	316	239	6.0%	8.9%
31	Kind Lending, LLC	330	227	1.2%	23.0%
32	Plaza Home Mortgage, Inc	348	221	1.6%	21.0%
33	Consumer Real Estate Finance Co / Society Mortgage	444	214	23.0%	29.5%
34	Flanagan State Bank	280	213	18.7%	8.6%
35	Towne Mortgage Company	301	210	3.4%	7.6%
36	Gvc Mortgage, Inc.	251	204	4.9%	1.6%
37	Hr Mortgage Corp	255	204	42.9%	16.5%
38	Ark-La-Tex Financial Services LLC	245	188	1.2%	4.1%
39	Mortgage Investors Group	256	181	3.7%	7.0%
40	Banco Popular	268	164	6.7%	28.7%
41	Geneva Financial LLC	224	163	2.7%	3.1%
42	Eustis Mortgage Corp	212	162	5.7%	3.3%
43	Lower, LLC	210	153	0.9%	7.6%
44	Primary Residential Mortgage, INC.	210	147	1.4%	8.1%
45	Ixonia Bank	187	146	2.0%	4.8%
46	DSLD Mortgage LLC	208	144	5.2%	15.9%
47	American Financial Network, Inc.	225	142	1.1%	14.7%
48	Planet Home Lending, LLC	187	139	1.3%	24.6%
49	Arvest Bank	211	138	1.1%	9.5%
50	Loandepot.com, LLC	217	137	0.2%	12.4%

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 USDA loans were originated in 2024?

36,314 nationally, 0.6% of all HMDA-reported originations, from 52,482 applications.

What is the denial rate for USDA applications?

10.1% of USDA 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 USDA loans?

CMG Mortgage Inc (4,222), Guild Mortgage Company (1,155), United Wholesale Mortgage (1,128), Flat Branch Mortgage, Inc. (925), DHI Mortgage Company, LTD. (808).

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.