Applications / Mortgage Analytics / Lenders / Michigan / Rocket Mortgage
Detroit, MI · Independent non-bank lender · CFPB · 429,332 loans in 2025
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429,332
loans originated, 2025
601,267
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Rocket Mortgage is a refinance-led lender, with refinances 63.8% of its loans, that made 429,332 loans in 2025 and ranked 1 of 757 lenders in Washington-Arlington-Alexandria.
Similar lenders are independent non-bank lenders making between an eighth and eight times as many loans; it made more than any of them. Its originations rose 19% against 15% at similar lenders and 10% for the whole market. It made 1,142,638 loans five years before; with refinances still most of its lending, the fall could reflect rates, as its typical rate then was 2.99% against 6.75% now.
It ranked 1 of 757 lenders in Washington-Arlington-Alexandria, 2 of 892 in Atlanta-Sandy Springs-Alpharetta behind United Wholesale Mortgage, and 3 of 757 in Los Angeles-Long Beach-Anaheim. In Phoenix-Mesa-Chandler it ranked 2 of 879, with 5.7% of lending against 5.5% a year earlier.
Its typical loan was $215,000 against $305,000, lower than at every similar lender. 32.8% of its loans went to LMI (low- and moderate-income) borrowers against 29.6%, higher than more than four in five similar lenders.
Conventional loans were 76.9% of its lending, the highest among similar lenders. FHA (insured by the Federal Housing Administration) loans were 15.2% against 22.1%, and VA (guaranteed by the Department of Veterans Affairs) loans 7.9% against 10.3%.
Questions the data can answer next
Similar lenders: same lender type, originations between an eighth and eight times the lender's. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Rocket Mortgage took 601,267 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 63.8% · Purchase 31.8% · Other 3.0% · Home improvement 1.4%
Conventional 76.9% · FHA 15.2% · VA 7.9% · of 429,332 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 42,202 | 9.8% |
| Florida | 31,530 | 7.3% |
| Texas | 30,579 | 7.1% |
| Michigan | 22,693 | 5.3% |
| Georgia | 21,182 | 4.9% |
| North Carolina | 18,462 | 4.3% |
| Ohio | 16,656 | 3.9% |
| Pennsylvania | 16,043 | 3.7% |
| Virginia | 14,489 | 3.4% |
| New York | 13,729 | 3.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Phoenix-Mesa-Chandler | 9,507 |
| Atlanta-Sandy Springs-Roswell | 9,317 |
| Houston-Pasadena-The Woodlands | 8,080 |
| Warren-Troy-Farmington Hills | 7,794 |
| Los Angeles-Long Beach-Glendale | 7,659 |
| Riverside-San Bernardino-Ontario | 6,646 |
| Chicago-Naperville-Schaumburg | 6,446 |
| Charlotte-Concord-Gastonia | 6,157 |
| Dallas-Plano-Irving | 5,949 |
| Arlington-Alexandria-Reston | 4,811 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300FGXN1K3HLB1R50 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3870679 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 77197000003 | 1992–2017 |
Established 21 June 1985. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Rocket Mortgage's data.
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