The 10 biggest mortgage lenders in the world by market capitalization

The world’s mortgage lending industry is largely dominated by the banking sector. In the UK, majority of mortgages are provided by building societies and banks, with a significant role played by specialist mortgage banks and non-bank lenders. Other types of lenders include traditional high-street banks, online lenders, and credit unions.

At the international level, however, the biggest mortgage lenders are financial banking giants. These banks have been ranked based on their market capitalization or market cap. Investors and financial analysts use a company’s market cap to know how much a company is worth in terms of finances.

What does market capitalization mean?

Market cap is used by investors to know how much a company is worth in terms of finances. To be more specific, it is the benchmark used to identify the total market value of a publicly traded company's outstanding shares of stock that are owned by shareholders.

Market cap is the measure of the total market value of a publicly traded company's outstanding shares of stock that are owned by shareholders.

In this article, Mortgage Introducer lists the ten biggest mortgage lenders in the world by market cap. This is useful if you are a mortgage broker who wants to expand your knowledge in the mortgage lending sphere.

If you’re working for a mortgage lending company or just curious about the industry’s biggest players, you’ve also come to the right place. Read on to find out about the world’s biggest mortgage lenders.

World’s biggest mortgage lenders by market cap

Below are the ten biggest mortgage lenders in the world, along with their market cap and respective head office location:

As you can see, the key players in the list are from four countries: the United States, China, United Kingdom, and India. Both the US and China each have four banks while the UK and India each have one.

If we combine these ten banking giants, their total market cap is a staggering $2.32 trillion. Looking at another perspective, the total market cap for the US banks is $1.06 trillion. This means that the US banks account for almost half of the top ten’s total market cap.

Following closely are the Chinese banks, with $794.40 billion combined total market cap. Then the United Kingdom accounts for $150.51 billion while India has $147.74 billion.

Let’s take a closer look at the ten biggest mortgage lenders in the world. The numerical values provided in this article are based on data from CompaniesMarketCap:

Photo alt text: JPMorgan Chase & Co. is the largest mortgage lender in the world in 2024

1. JPMorgan Chase

Market cap: $554.85 billion
Consolidated assets: $3.744 trillion
Head office: New York, USA
Mortgage products: conventional home loans (fixed- and adjustable-rate mortgages), FHA loans, VA loans, jumbo loans, and mortgage refinancing

JPMorgan Chase & Co. tops the list while also being the largest bank in the US. Unsurprisingly, JPMorgan Chase was crowned the largest mortgage lender and the largest bank in the world by market cap in 2023. If that’s not impressive enough, JPMorgan Chase also leads the Big Four banks of the US. Below are the banking giants included in the Big Four:

1. JPMorgan Chase (head office: New York, USA)
2. Bank of America (head office: North Carolina, USA)
3. Wells Fargo (head office: San Francisco, USA)
4. Citibank (head office: New York, USA)

If you combine the total assets of the Big Four, you will get a jaw-dropping amount of $9.2 trillion.

JPMorgan Chase offers a wide range of financial services through its subsidiary, Chase Bank, including:

• auto financing
• credit cards
• mortgages
• investment advice
• payment processing
• personal banking
• small business loans

Focusing on its mortgage products, Chase Bank is a great choice for first-time homebuyers looking for a home loan as it offers no- and low-down-payment options.

2. Bank of America

Market cap: $297.99 billion
Consolidated assets: $3.194 trillion
Head office: North Carolina, USA
Mortgage products: home and refinance loans (fixed- and adjustable-rate mortgages), FHA loans, VA loans, jumbo loans, and specialty mortgages

In 1998, the Bank of America was founded by the merger of NationsBank and Bank of America. Today, it is globally the second largest mortgage lender and second largest bank by market cap after JPMorgan Chase.

As for their mortgage products, the Bank of America offers traditional and refinance loans, including fixed- and variable-rate mortgages. Plus, it has jumbo mortgages for high-value homes and government-backed FHA and VA loans.

3. ICBC

Market cap: $249.59 billion
Consolidated assets: $6.118 trillion
Head office: Beijing, China
Mortgage products: residential mortgages

In terms of market cap and consolidated assets, the Industrial and Commercial Bank of China (ICBC) is the largest mortgage lender in Asia. It is also China’s biggest mortgage bank.

In addition to existing homeowners, ICBC also offers mortgage products for first time homebuyers. In the US, it provides residential home loans in select cities, including New York, Los Angeles, Houston, and Seattle. These mortgages cover single-family homes, condos, and planned unit developments (PUD).

Clients around the world can also apply for ICBC’s e-Buy Instant Loan. From application and approval to lending and tracking, ICBC’s e-Buy Instant Loan process can be entirely done online.

4. Agricultural Bank of China

Market cap: $211.95 billion
Consolidated assets: $5.357 trillion
Head office: Beijing, China
Mortgage products: residential home loans, mortgage refinancing

The Agricultural Bank of China may be fourth on the list but in terms of consolidated assets, it’s the third largest bank in the world. In its home country, the Agricultural Bank of China is the second biggest based on market cap and the third largest bank if categorised by its consolidated assets.

The Agricultural Bank of China has branches in the UK, Japan, Korea, Singapore, Germany, Australia, and the US. This Chinese bank offers a range of personal and corporate banking and financial management services. It specialises in products catering to agro-related businesses as well as mortgage loan refinancing and wealth management-linked housing loan accounts.

5. Wells Fargo

Market cap: $210.06 billion
Consolidated assets: $1.886 trillion
Head office: California, USA
Mortgage products: fixed- and adjustable-rate mortgages, jumbo loans, government-sponsored loans, cash-out refinance

It’s unsurprising that Wells Fargo is the fifth biggest mortgage lender since it’s one of the world’s largest financial services holding firms. It offers a range of retail and wholesale banking and wealth management services for individuals and businesses. These include commercial and consumer loans, card products, deposit and transaction services, and agricultural financing. The firm serves more than 70 million clients globally.

Photo alt text: Bank of China is one of the largest mortgage lenders in the world in 2024

6. Bank of China

Market cap: $171.80 billion 
Consolidated assets: $4.422 trillion
Head office: Beijing, China
Mortgage products: residential home loans, reverse mortgages, mortgage partnership finance (MPF)

The oldest existing bank in China is none other than Bank of China. It offers wealth management and private and corporate banking services to clients in more than 60 countries and regions. The bank’s portfolio includes deposits, investments, insurance, and credit cards.

Bank of China provides mortgages for first-time homebuyers, government housing, and green residential projects. It also has a reverse mortgage program with fixed rates and varying term lengths. In certain regions, borrowers can receive rewards by using the mobile app in their transactions.

7. China Construction Bank

Market cap: $161.06 billion 
Consolidated assets: $5.376 trillion
Head office: Beijing, China
Mortgage products: traditional home loans, account-linked mortgages, reverse mortgages

Taking the seventh spot is China Construction Bank. Being one of the world’s largest mortgage lenders, this bank also offers an extensive line of personal and corporate banking services. These include e-banking, deposits, credit cards, and fund settlements. China Construction Bank serves around 3.5 million businesses and 314 million individual clients in 29 countries.

This Chinese bank also provides fixed- and variable-rate mortgages for different types of homes. It lets borrowers link their savings accounts to their homes. The bank also has a reverse mortgage program with flexible terms.

8. HSBC

Market cap: $157.88 billion 
Consolidated assets: $2.989 trillion
Head office: London, UK
Mortgage products: conforming home loans, jumbo mortgages

At number 8 is the only British brand among the world’s biggest mortgage lenders. HSBC Holdings plc is a global bank and financial services group serving around 42 million customers in over 60 countries and territories. This makes it one of the world’s largest financial institutions. HSBC provides wealth management, loan, and banking services. These include cross-border banking.

In terms of home loans, borrowers can access fixed- and adjustable-rate mortgages and jumbo loans. The bank also offers a range of mortgage features exclusive to account holders. These features vary depending on the clients’ personal deposit and investment balances.

You’ll find a listing of HSBC mortgage rates on our mortgage rates page. All figures are updated weekly.

Photo alt text: Morgan Stanley is one of the largest mortgage lenders in the world in 2024

9. Morgan Stanley

Market cap: $150.51 billion
Consolidated assets: $1.199 trillion
Head office: New York, USA
Mortgage products: residential mortgages

At number 9 is Morgan Stanley, another global bank and financial services firm. It offers solutions tailored to a wide range of businesses, from startups to multinational conglomerates. The company operates in more than 40 countries.

Morgan Stanley’s portfolio includes:

• banking
• brokerage and investment advisory services
• financial and wealth management services
• annuity and insurance products
• credit and other lending products
• retirement plan services

The financial services giant offers mortgages through the Morgan Stanley Private Bank, National Association (MSPBNA). Its products include fixed- and adjustable-rate home loans. US clients can reduce or eliminate the need for a down payment through the loan’s asset pledge feature. This uses qualified securities from their Morgan Stanley brokerage account as collateral.

10. HDFC Bank

Market cap: $147.74 billion 
Consolidated assets: $278.44 billion
Head office: Mumbai, India
Mortgage products: traditional home loans, home renovation and extension loans, bridge mortgages, plot loans, rural housing loans, mortgage refinancing

HDFC Bank is India’s biggest private sector bank and the country’s largest mortgage lender. It provides retail and corporate banking, home loan, and treasury services to more than 120 million clients. Apart from India, the company operates in the UK, Singapore, the Middle East, Africa, and the Asia-Pacific region.

HDFC offers mortgages for various types of housing. These include rural housing for farmers and other members of the agricultural sector. It also issues loans for home renovations and extensions and purchasing plots of lands. Borrowers can access short-term bridge loans for funding new home purchases until the sale of their existing property.

Know what the biggest mortgage lenders can offer your clients

Staying up to date with the biggest mortgage lenders from JP Morgan Chase in the US to HDFC Bank in India, is key for mortgage professionals aiming to stay competitive. This knowledge not only helps in enhancing client services but also builds expertise and credibility. Use the information in this guide to better serve your clients and tailor solutions according to their needs.

Did you ever have a transaction with any of the biggest mortgage lenders? Feel free to share your experience in the comment section below