USDA Delegated Pilot Lenders by 2025 Originations

Government Loans
Origination Trends
Two tables of the 12 lenders in USDA’s delegated pilot and their 2025 USDA purchase loans. Group 1 made 2,774 loans, led by DHI Mortgage (1,146) and United Wholesale Mortgage (978). Group 2 made 1,803, led by Fairway Independent Mortgage (724) and Union Home Mortgage (616). Together, 4,577 of 38,443 loans, or 11.9%.
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Data Points
Chart | 2025 USDA purchase originations by originator, for the 12 lenders in USDA's delegated pilot | by loan count Scope | 2025 HMDA, USDA purchase originations, 38,443 loans | pilot lenders matched by HMDA originator name Pilot Group 1 (starts Sept. 1, 2026) | 2,774 loans, 7.2% | DHI Mortgage 1,146 (rank 3) | United Wholesale Mortgage 978 (5) | Lennar Mortgage 382 (22) | loanDepot 194 (40) | 1st Signature Lending 46 (137) | First State Community Bank 28 (211) Pilot Group 2 (starts Dec. 1, 2026) | 1,803 loans, 4.7% | Fairway Independent Mortgage 724 (7) | Union Home Mortgage 616 (9) | New American Funding 324 (23) | Bangor Savings Bank 52 (127) | Pulte Mortgage 46 (137) | PennyMac 41 (160) All 12 lenders | 4,577 loans | 11.9%

Which lenders are in USDA's delegated authority pilot, and how big are they?

The 12 lenders in USDA's delegated LITE pilot originated 4,577 of 38,443 USDA purchase loans in 2025 HMDA data, or 11.9%. Pilot Group 1 made 2,774 loans and Pilot Group 2 made 1,803.
Date Published:
October 28, 2026
Date Updated:
October 28, 2026
Chart type:
Bar Chart
Suggested Citation:
Polygon Research, "The 12 Lenders in USDA's Delegated Pilot, by 2025 USDA Purchase Originations," HMDAVision, published October 28, 2026. Scope: 2025 HMDA, USDA purchase originations by originator, by loan count (38,443 loans). Pilot lenders per USDA Rural Development announcements; matched by HMDA originator name. Accessed October 28, 2026.
Key insights

Twelve lenders are in USDA's delegated authority LITE pilot: six start September 1, 2026 (Pilot Group 1) and six start December 1, 2026 (Pilot Group 2). In 2025 HMDA data they originated 4,577 of 38,443 USDA purchase loans, or 11.9%. Group 1 made 2,774 loans (7.2%) and Group 2 made 1,803 (4.7%).

Volume is concentrated. DHI Mortgage (1,146), United Wholesale Mortgage (978), Fairway Independent Mortgage (724) and Union Home Mortgage (616) account for 3,464 of the 4,577 loans, about 76%. Five of the twelve originated fewer than 100 USDA purchase loans each.

This is a 2025 baseline by originator, before the pilot began. It shows where USDA purchase volume sat, not how the pilot will perform. Lenders can use it to see which of their competitors gain delegated authority first, and how big those competitors are in USDA today.

Which lenders are in USDA's delegated authority pilot?

Pilot Group 1, starting September 1, 2026: DHI Mortgage, First State Community Bank, Lennar Mortgage, loanDepot, United Wholesale Mortgage and 1st Signature Lending. Pilot Group 2, starting December 1, 2026: Bangor Savings Bank, Fairway Independent Mortgage, New American Funding, PennyMac, Pulte Mortgage and Union Home Mortgage.

How many USDA purchase loans did the pilot lenders originate in 2025?

Together they originated 4,577 of 38,443 USDA purchase loans, or 11.9%. Group 1 made 2,774 loans and Group 2 made 1,803.

Which pilot lender is the largest in USDA?

DHI Mortgage, with 1,146 USDA purchase loans in 2025, ranked third among all originators. United Wholesale Mortgage followed with 978, ranked fifth.

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