By kind of loan
1-4 Unit Investor lenders
3,866 lenders made at least one 1-4 unit investor or business-purpose loan in 2025 (HMDA). United Wholesale Mortgage made the most, 31,218 of 587,503.
- Evidence
- Lender made at least one 1-4 unit investor or business-purpose loan in 2025 (HMDA)
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 3,866
- HMDA,
- Investor loans, 2025
- 587,503
- HMDA,
Cite this
Source: The Lender Report, 1-4 Unit Investor lenders, https://lender.report/investor-1-4-lenders/, data as of December 31, 2025.
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| Lender | Kind | Based in | 2025 loans | Dollars | Typical loan |
|---|---|---|---|---|---|
| United Wholesale Mortgage | Non-bank | Pontiac, MI | 31,218 | $8.29B | $205K |
| Kiavi Funding, Inc. | Non-bank | San Francisco, CA | 25,518 | $7.77B | $215K |
| Rocket Mortgage | Non-bank | Detroit, MI | 13,753 | $3.87B | $215K |
| The Loan Store, Inc | Non-bank | Tucson, AZ | 11,868 | $4.00B | $275K |
| Crosscountry Mortgage, LLC | Non-bank | Cleveland, OH | 10,082 | $3.60B | $265K |
| Loan Funder LLC | Non-bank | New York, NY | 9,296 | $3.42B | $245K |
| RCN Capital, LLC | Non-bank | South Windsor, CT | 7,774 | $1.70B | $165K |
| Champions Funding, LLC | Non-bank | Gilbert, AZ | 7,467 | $2.94B | $295K |
| BPL Mortgage, LLC | Non-bank | Oakbrook Terrace, IL | 7,141 | $1.27B | $125K |
| Pennymac Loan Services LLC | Non-bank | Westlake Village, CA | 6,372 | $2.59B | $335K |
| Lennar Mortgage, LLC | Non-bank | Miami, FL | 6,134 | $1.57B | $235K |
| Ocmbc, Inc. | Non-bank | Irvine, CA | 6,043 | $2.01B | $255K |
| RF Renovo Management Company, LLC | Non-bank | Chicago, IL | 5,969 | $2.07B | $245K |
| HomeXpress Mortgage Corp. | Non-bank | Santa Ana, CA | 5,811 | $1.91B | $255K |
| Guaranteed Rate, Inc. | Non-bank | Chicago, IL | 5,730 | $2.24B | $295K |
| A&D Mortgage LLC | Non-bank | Ft. Lauderdale, FL | 5,695 | $1.78B | $235K |
| Hometown Equity Mortgage, LLC | Non-bank | Lake Forest, CA | 5,405 | $2.21B | $295K |
| Newrez LLC | Non-bank | Fort Washington, PA | 5,250 | $1.75B | $255K |
| AmWest Funding Corp | Non-bank | Brea, CA | 5,001 | $1.54B | $245K |
| Deephaven Mortgage LLC | Non-bank | Charlotte, NC | 4,914 | $1.41B | $215K |
| CV3 Financial Services, LLC | Non-bank | El Segundo, CA | 4,782 | $1.62B | $175K |
| Velocity Commercial Capital LLC | Non-bank | Westlake Village, CA | 4,776 | $1.42B | $185K |
| JPMorgan Chase Bank, National Association | Bank | Columbus, OH | 4,691 | $3.73B | $305K |
| CMG Mortgage Inc | Non-bank | San Ramon, IL | 4,651 | $1.72B | $275K |
| Citadel Servicing Corporation | Non-bank | Irvine, CA | 4,136 | $1.67B | $285K |
| State | Lenders | Loans | Dollars |
|---|---|---|---|
| Florida | 1,070 | 51,341 | 110 |
| Texas | 858 | 49,819 | 288 |
| Tennessee | 632 | 16,463 | 113 |
| California | 622 | 60,231 | 246 |
| North Carolina | 605 | 22,994 | 48 |
| Illinois | 601 | 19,592 | 203 |
| Pennsylvania | 583 | 25,480 | 164 |
| Georgia | 578 | 21,915 | 98 |
| Ohio | 548 | 22,683 | 139 |
| Missouri | 522 | 15,875 | 130 |
| Arizona | 511 | 12,652 | 34 |
| Colorado | 511 | 9,443 | 55 |
| Virginia | 498 | 13,923 | 97 |
| South Carolina | 496 | 9,391 | 50 |
| Alabama | 495 | 10,593 | 82 |
| Indiana | 495 | 11,511 | 95 |
| Wisconsin | 461 | 9,438 | 147 |
| New Jersey | 446 | 19,352 | 70 |
| Michigan | 432 | 13,109 | 107 |
| Massachusetts | 425 | 10,795 | 130 |
| Maryland | 419 | 10,140 | 56 |
| Oklahoma | 410 | 11,248 | 90 |
| Minnesota | 406 | 6,266 | 115 |
| New York | 395 | 23,458 | 149 |
| Washington | 382 | 11,198 | 49 |
| Kentucky | 365 | 8,344 | 69 |
| Kansas | 353 | 6,324 | 93 |
| Arkansas | 348 | 8,631 | 58 |
| Iowa | 348 | 5,883 | 121 |
| Louisiana | 329 | 8,354 | 99 |
| Oregon | 329 | 5,661 | 31 |
| Connecticut | 316 | 6,094 | 34 |
| Mississippi | 297 | 6,270 | 39 |
| Nevada | 275 | 6,140 | 10 |
| Idaho | 265 | 3,614 | 19 |
| Utah | 258 | 5,716 | 34 |
| New Mexico | 242 | 2,280 | 15 |
| West Virginia | 235 | 2,144 | 33 |
| Nebraska | 234 | 3,938 | 64 |
| New Hampshire | 230 | 1,651 | 15 |
| Delaware | 225 | 1,911 | 9 |
| District of Columbia | 205 | 1,063 | 7 |
| Montana | 202 | 1,753 | 21 |
| Maine | 201 | 2,091 | 39 |
| Rhode Island | 192 | 1,778 | 14 |
| Hawaii | 175 | 3,120 | 12 |
| Wyoming | 137 | 882 | 12 |
| South Dakota | 125 | 1,189 | 29 |
| Vermont | 113 | 836 | 10 |
| North Dakota | 98 | 1,084 | 31 |
| Alaska | 97 | 714 | 9 |
- Lenders made 587,503 1-4 unit investor or business-purpose loans in 2025. HMDA,
- The five most active lenders made 15.7% of them. HMDA,
- These lenders: 1,930 banks, 296 savings institutions, 1,037 credit unions and 603 non-bank lenders. HMDA,
- 51 states have at least 10 1-4 unit investor lenders with in-state evidence on record, each with its own page. HMDA,
How this list is defined
- Measure
- 1-4 unit investor loans made in the United States
- Period
- 2025
- Formula
- Count, by lender, of HMDA records for 1-4 unit loans that are non-owner-occupied or business purpose, placed in the United States in 2025. A lender is listed if it made at least one.
- Order
- Largest first by loans made in 2025, then name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
HMDA reports these loans by lender and state, without dollars by state. It cannot tell a DSCR loan from a full-documentation investor loan.
Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.