Top Investment Property Lenders
2024 Rank Lender Name Originations Lender Market Share YoY 1 KIAVI FUNDING, INC. 16,382 5.19% 34.0% 2 UNITED WHOLESALE MORTGAGE, LLC 15,849 5.02% 13.5% 3 ROCKET MORTGAGE, LLC 7,772 2.46% 8.2% 4 LENNAR MORTGAGE, LLC 6,944 2.20% 75.3% 5 CROSSCOUNTRY MORTGAGE, LLC 6,671 2.11% 35.7% 6 LOAN FUNDER LLC 5,375 1.70% 64.4% 7 DHI MORTGAGE COMPANY, LTD. 3,736 1.18% 42.2% 8 THE LOAN STORE, INC. 3,315 1.05% 625.4% 9 RCN CAPITAL, LLC 3,096 0.98% 20.0% 10 PENNYMAC LOAN SERVICES, LLC 2,989 0.95% 14.6%
This ranking was compiled by Polygon Research using HMDAVision to analyze the complete 2018-2024 HMDA dataset. The analysis isolates all originated home purchase loans for one-to-four unit investment properties. Lenders are then ranked by their total origination volume to identify the top 10 performers in the market.
The rank color-coding provides a snapshot of the shifting competitive landscape: green signifies a rank increase, red a decrease, and black no change from the prior period.
Notably, the high ranking of two builder-affiliated lenders, LENNAR MORTGAGE (#4) and DHI MORTGAGE (#7), warrants special attention. Their significant YoY growth (75.3% and 42.2%, respectively) is not accidental but seems to be the direct result of a deliberate strategy, especially in the case of LENNAR. They are financing the sale of their parent companies’ new construction homes to investor-buyers. Their success is a reflection of their parent companies’ sales strategies rather than open-market competition.
This insight is especially helpful when you need to justify strategic partnerships. Approach regional and national builders who lack a dedicated lending arm to create mutually beneficial partnerships.
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