Top Conventional-to-FHA Refinance Lenders

Rocket Mortgage leads with 10,565 endorsements, 23.6% of the 44,850 conventional-to-FHA refinances endorsed in the first half of 2026.

The count understates the segment. At a $279,480 average balance, that is $12.5 billion through June, against $24.2 billion for all of 2025. Endorsements ran near 113,000 a year from 2016–2019, fell to 77,505 in 2020 and have held near 89,000 since. First-half 2026 ran at 91% of the 2019 pace and has risen every month since February. The segment persists even when broader refinance activity is thin. See FHA refinance trends in 2026.

Every borrower here already held a conventional mortgage and left it. That makes the ranking a map of who identifies conventional borrowers whose circumstances no longer fit conventional underwriting—and reaches them first. Rocket, UWM and Pennymac hold 39.4% combined. Compare the FHA ARM refinance lender rankings.

For portfolio lenders, the exposure runs the other way. Credit unions produced 283 endorsements across 63 institutions, or 0.6%, despite a 5.73% average rate that beats seven of the top 10. Pricing is not what determines the leaderboard. What the leaders have built is the ability to spot a conventional borrower whose circumstances have changed and get to them before someone else does.

Explore FHA endorsement data in FHA Pivot.