DHI Mortgage review: rates, costs & calculator
The captive lender for D.R. Horton, the nation's largest homebuilder, financing purchases of new Horton homes.
DHI Mortgage rates: what borrowers actually paid
DHI Mortgage prices each borrower individually, but federal loan-level records show what its borrowers actually got. On 31,598 FHA 30-year fixed purchase loans closed in 2025, the median rate was 4.50% and the median APR was 1.82 percentage points below the typical lender's, with $9,217 in loan costs.
| 2025 home purchases | Loans | Median rate | APR vs benchmark | Loan costs | With points |
|---|---|---|---|---|---|
| Conventional · DHI Mortgage | 8,985 | 5.50% | −1.11 | $2,983 | 67% |
| Conventional · all lenders | 700,082 | 6.50% | +0.02 | $5,476 | 53% |
| FHA · DHI Mortgage | 31,598 | 4.50% | −1.40 | $9,217 | 52% |
| FHA · all lenders | 516,729 | 6.25% | +0.42 | $11,291 | 59% |
| VA · DHI Mortgage | 11,879 | 4.875% | −1.87 | $5,170 | 48% |
| VA · all lenders | 291,383 | 6.125% | −0.36 | $6,554 | 59% |
What the numbers say
- On FHA loans, DHI Mortgage's median APR ran 1.82 percentage points below the typical lender's (−1.40 vs +0.42 percentage points against the benchmark) — roughly $361 a month on a $305,000 loan at today's 7.18% average rate.
- Other loan types: Conventional 1.13 percentage points below the market (8,985 loans); VA 1.50 percentage points below the market (11,879 loans).
- Borrowers paid a median $9,217 in loan costs — $2,074 less than the $11,291 typical across all lenders (FHA totals include upfront mortgage insurance).
- Lender credits were uncommon: 3% of its loans, versus 34% overall.
- DHI Mortgage is a homebuilder's lender: low rates there often come from builder-paid buydowns that are only available when you buy that builder's new home.
How DHI Mortgage compares on FHA loans
| Lender | Loans | Median rate | APR vs benchmark | Loan costs | Lender credits |
|---|---|---|---|---|---|
| DHI Mortgage | 31,598 | 4.50% | −1.40 | $9,217 | 3% |
| United Wholesale Mortgage | 49,058 | 6.125% | +0.37 | $13,255 | 51% |
| Rocket Mortgage | 21,677 | 6.25% | +0.38 | $11,293 | 5% |
| CrossCountry Mortgage | 18,447 | 6.50% | +0.71 | $12,630 | 44% |
| Lennar Mortgage | 18,310 | 4.50% | −1.38 | $9,990 | 23% |
| All lenders | 516,729 | 6.25% | +0.42 | $11,291 | 34% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), 30-year fixed home purchases compared like for like. APR vs benchmark = median APR minus the average prime offer rate the week the rate was set; loan costs are borrower-paid. How these figures are built.
DHI Mortgage calculator
Estimate a DHI Mortgage payment: enter the rate from your Loan Estimate, or start from today's 7.18% average 30-year fixed rate. For reference, DHI Mortgage's 2025 FHA purchase loans closed at a median 4.50%.
Prefer a full-page version? Open the mortgage calculator.
DHI Mortgage by the numbers
| Home loans originated (2025) | 69,159 |
|---|---|
| Total lending (2025) | $23.4B |
| Average loan size | $338,583 |
| Approval rate* | 83.5% |
| Volume rank (our roster) | #16 of 60 |
| Largest market | Texas |
Source: federal HMDA data (2025), FFIEC/CFPB. *Approval rate = loans originated ÷ (originated + denied). It reflects a lender's channel and borrower mix — wholesale, online and refi-heavy lenders run lower because many applications are rate shops that never close — not how hard it is to work with. See approval odds by state.
What DHI Mortgage actually lends
45.9% of DHI Mortgage's 2025 loans were FHA loans, versus 13.2% nationally. DHI Mortgage lists USDA loans, but they were under 2% of its 2025 originations — if you need one, ask how many the loan officer closes.
| Share of 2025 loans | DHI Mortgage | U.S. |
|---|---|---|
| Conventional | 35.2% | 78% |
| FHA | 45.9% | 13.2% |
| VA | 17.2% | 8.2% |
| USDA | 1.7% | 0.6% |
| Home purchase | 100% | 52.5% |
| Rate-and-term refinance | 0% | 15.3% |
| Cash-out refinance | 0% | 14% |
Shares of originated loans by loan type and purpose, federal HMDA data (2025). They describe the lender's business mix, not the terms you would be offered.
DHI Mortgage at a glance
DHI Mortgage Company, Ltd. is the in-house, or "captive," mortgage lender of D.R. Horton, the largest home builder in the United States by volume.
Headquartered in Austin, Texas, it is a nonbank subsidiary that exists primarily to finance buyers of D.R. Horton homes rather than to compete for the open mortgage market.
A captive builder-lender works hand in hand with the builder's sales offices, so the loan application, the purchase contract, and the construction timeline are coordinated under one corporate roof.
In 2025 HMDA data, DHI Mortgage originated 69,159 loans worth about $23.4 billion, with an average loan size of $338,583 and an approval rate of 83.5 percent.
Where DHI Mortgage's approval rate sits
DHI Mortgage's 2025 approval rate of 83.5% sits against the 76.6% national average. Read it as a signal of channel, not strictness — wholesale, online and refinance-heavy lenders run lower because so many applications are rate shops that never close.
That approval rate sits above many retail lenders, but it should be read in context: DHI's applicants are largely buyers the builder's sales team has already screened and pre-qualified for a specific home, so the pool skews toward borrowers who are likely to close.
Its lending tracks D.R. Horton's construction footprint — Texas is by far its largest market, followed by Florida, North Carolina, South Carolina, and Alabama, concentrating in fast-growing Sun Belt communities.
The lender's role is inseparable from D.R. Horton's incentives. To move homes, the builder frequently offers temporary rate buydowns and closing-cost credits, but those perks are typically available only when you finance through DHI.
Federal law (RESPA) prohibits a builder from requiring you to use its affiliated lender, and you are always free to shop your own.
You may forfeit the incentive by doing so, though the builder cannot raise the home's price simply because you used an outside lender.
Who DHI Mortgage is best for
DHI Mortgage is best suited to buyers who have already decided on a D.R. Horton home and want to evaluate the builder's bundled financing package.
Its value is tied to the incentives — chiefly rate buydowns and closing-cost credits — so it makes the most sense for someone weighing those perks against what an independent lender would offer on that same home.
Loan programs at DHI Mortgage
Its most notable programs and specialties:
- Conventional conforming loans for new D.R. Horton and Express Homes construction
- FHA loans, widely used by first-time buyers in Horton communities
- VA loans for eligible active-duty service members and veterans
- USDA rural-development loans, relevant because many Horton developments sit in USDA-eligible areas
- Temporary rate buydowns (such as 2-1 or 3-2-1) and builder-subsidized rate offers available when financing through DHI
- Closing-cost credits and builder incentive dollars applied to homes purchased with DHI financing
Typical industry minimum down payment by core loan type — DHI Mortgage's own minimums or credit overlays may run higher:
| Loan program | Typical min. down |
|---|---|
| Conventional | 3% |
| FHA | 3.5% |
| VA | 0% |
| USDA | 0% |
Strengths
- One-stop coordination with the builder's sales team and construction schedule, which can simplify aligning the loan with a home still being built
- Access to D.R. Horton's builder incentives — rate buydowns and closing-cost credits — that are generally offered only with DHI financing
- Deep experience with new-construction loans across fast-growing Sun Belt markets such as Texas, Florida, and the Carolinas
- A relatively high 2025 HMDA approval rate of 83.5 percent, though this partly reflects a buyer pool the builder has already pre-qualified
Considerations
- Under RESPA rules, a builder that refers you to its affiliated lender cannot require you to use it, so you can compare DHI Mortgage's offer with other lenders' quotes.
- D.R. Horton's advertised special rates and buydown incentives generally require financing with DHI Mortgage, so weigh them against quotes from other lenders.
- DHI Mortgage sells substantially all its loans and servicing rights, typically within 60 days of origination, so expect a new loan servicer soon after closing.
- Loans to D.R. Horton homebuyers make up substantially all of DHI Mortgage's loan volume, according to D.R. Horton's fiscal 2025 annual report.
Where DHI Mortgage lends most
By federal HMDA records, DHI Mortgage's largest 2025 markets were Texas, Florida, North Carolina, South Carolina and Georgia. Explore local rates, home prices and down-payment assistance for each:
States where DHI Mortgage is a top-15 lender
Ranked by home loans originated in 2025 (HMDA). Each state page compares DHI Mortgage with the other leading lenders there, including FHA and VA leaders and what their borrowers paid.
The verdict
For a D.R. Horton buyer, DHI Mortgage offers genuine convenience and access to builder incentives that outside lenders cannot match on that specific home. But convenience is not the same as the best deal.
Treat the incentive as one figure in a comparison, get at least one competing quote, and confirm whether a temporary buydown or a genuinely lower long-term rate serves you better.
How to compare DHI Mortgage
Shopping a few lenders is the single most reliable way to save. Before you commit to DHI Mortgage:
- Get three or more Loan Estimates in a two-week window — the bureaus treat it as one inquiry.
- Compare the APR, not just the headline rate — it folds in the fees.
- Weigh service and loan-type fit, not price alone.
- Verify licensing: search DHI Mortgage on NMLS Consumer Access and match the NMLS ID to the one on your Loan Estimate. (Its LEI in federal HMDA data, 5493001SXWZ4OFP8Z903, is not a license number.)
Benchmark whatever you're quoted against today's current rate averages.
DHI Mortgage FAQ
Is DHI Mortgage a good mortgage lender?
DHI Mortgage is a licensed U.S. mortgage lender and one of the largest, roughly #16 of 60 in our roster by 2025 volume, best for d.r. horton buyers.
On price, its 2025 FHA borrowers' median APR was 1.82 percentage points below the typical lender's, with $9,217 in loan costs against $11,291 market-wide.
Whether it's right for you comes down to the rate and fees it quotes — compare its Loan Estimate with two or three others.
What are DHI Mortgage's rates today?
DHI Mortgage sets rates daily by loan type, credit score, down payment and points, so the rate that counts is the one on your Loan Estimate.
For context, the average 30-year fixed rate was 7.18% in Freddie Mac's survey for the week of November 5, 2026; in 2025, DHI Mortgage's FHA purchase loans closed at a median 4.50%, against 6.25% for all lenders.
How many mortgages does DHI Mortgage originate?
In 2025, DHI Mortgage originated about 69,159 home loans, roughly $23.4 billion in lending, per federal HMDA data — an average loan of about $338,583.
What loan types does DHI Mortgage offer?
DHI Mortgage offers Conventional, FHA, VA, USDA. Notable programs include conventional conforming loans for new D.R. Horton and Express Homes construction; FHA loans, widely used by first-time buyers in Horton communities; VA loans for eligible active-duty service members and veterans.
How do I verify DHI Mortgage is licensed?
Search the company's name on NMLS Consumer Access (nmlsconsumeraccess.org), the official registry of licensed mortgage companies and loan officers; the NMLS ID it shows is also printed on every Loan Estimate the lender issues. (The ID 5493001SXWZ4OFP8Z903 used on this page is the company's LEI, which identifies it in federal HMDA data — not a license number.)
This review is editorial and independent — DHI Mortgage did not pay for or approve it, and all figures are from public federal data. It is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
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