Largest mortgage lenders in District of Columbia
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Navy Federal Credit Union | D | 786 | 297 | 28.5% | 7.75% |
| 2 | Rocket Mortgage | C | 671 | 469 | 20.7% | 6.63% |
| 3 | Bank of America | F | 546 | 249 | 33.2% | 5.99% |
| 4 | First Savings Mortgage | A | 544 | 451 | 0.9% | 6.50% |
| 5 | Truist Bank | C | 529 | 240 | 41.2% | 6.25% |
| 6 | PNC Bank | D | 467 | 211 | 31.5% | 6.25% |
| 7 | JPMorgan Chase Bank | B | 459 | 307 | 7.6% | 6.38% |
| 8 | Citibank | B | 417 | 281 | 9.6% | 6.00% |
| 9 | First Home Mortgage | B | 359 | 280 | 2.5% | 6.63% |
| 10 | Newrez | D | 353 | 105 | 23.5% | 6.63% |
| 11 | United Shore Financial Services | B | 327 | 198 | 17.4% | 6.37% |
| 12 | Guaranteed Rate | B | 320 | 182 | 4.1% | 6.50% |
| 13 | Manufacturers and Traders Trust | C | 281 | 172 | 20.3% | 5.88% |
| 14 | Bank-Fund Staff Federal Credit Union | A | 280 | 220 | 8.9% | 6.50% |
| 15 | Prosperity Home Mortgage | A | 268 | 210 | 2.2% | 6.63% |
| 16 | Wells Fargo Bank | B | 240 | 130 | 17.1% | 6.13% |
| 17 | Pennymac Loan Services | C | 236 | 105 | 14.4% | 6.12% |
| 18 | Pentagon Federal Credit Union | F | 210 | 82 | 37.6% | 7.63% |
| 19 | Freedom Mortgage | B | 200 | 81 | 6.5% | 5.88% |
| 20 | Atlantic Coast Mortgage | A | 193 | 148 | 1.6% | 6.56% |
| 21 | Citizens Bank | C | 192 | 92 | 35.4% | 7.20% |
| 22 | TD Bank | D | 191 | 110 | 23.6% | 7.44% |
| 23 | Capital Bank | B | 185 | 145 | 2.2% | 6.75% |
| 24 | Crosscountry Mortgage | B | 180 | 108 | 7.8% | 6.63% |
| 25 | Fairway Independent Mortgage | B | 171 | 124 | 2.9% | 6.63% |
Best approval odds in District of Columbia
Lowest decision denial rate among lenders that decided at least 300 District of Columbia applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | First Savings Mortgage | 456 | 1.1% | 6.50% |
| 2 | JPMorgan Chase Bank | 351 | 10.0% | 6.38% |
| 3 | Citibank | 328 | 12.2% | 6.00% |
| 4 | Rocket Mortgage | 622 | 22.4% | 6.63% |
| 5 | PNC Bank | 373 | 39.4% | 6.25% |
| 6 | Bank of America | 435 | 41.6% | 5.99% |
| 7 | Navy Federal Credit Union | 530 | 42.3% | 7.75% |
| 8 | Truist Bank | 467 | 46.7% | 6.25% |
Lowest median rates in District of Columbia
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Manufacturers and Traders Trust | 172 | 5.88% | 20.3% |
| 2 | United Bank | 110 | 5.99% | 10.2% |
| 3 | Bank of America | 249 | 5.99% | 33.2% |
| 4 | Citibank | 281 | 6.00% | 9.6% |
| 5 | Pennymac Loan Services | 105 | 6.12% | 14.4% |
| 6 | Wells Fargo Bank | 130 | 6.13% | 17.1% |
| 7 | Movement Mortgage | 122 | 6.25% | 2.4% |
| 8 | PNC Bank | 211 | 6.25% | 31.5% |
| 9 | Truist Bank | 240 | 6.25% | 41.2% |
| 10 | United Shore Financial Services | 198 | 6.37% | 17.4% |
What District of Columbia borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why District of Columbia applications were denied
District of Columbia mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 15,273 | 8,616 | 19.6% | 6.63% | $365,000 | 466 |
| 2024 | 15,165 | 8,406 | 19.5% | 6.68% | $385,000 | 448 |
| 2025 | 16,753 | 9,300 | 18.1% | 6.50% | $405,000 | 473 |
District of Columbia counties
Counties with at least 200 applications in 2025, most active first.
Frequently asked questions
18.1% of mortgage applications in District of Columbia were denied in 2025 (23.7% of applications that reached a decision). Nationally the rate was 18.0%.
Navy Federal Credit Union handled the most applications in District of Columbia in 2025: 786, with a denial rate of 28.5%.
Among lenders that decided at least 300 applications in District of Columbia, First Savings Mortgage had the lowest decision denial rate at 1.1%.
The median interest rate on loans originated in District of Columbia in 2025 was 6.50%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.