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Global Mortgage Lending Market Size, Share, Forecast: By Type of Mortgage Loan: Conventional Mortgage Loans, Jumbo, Government-insured Mortgage Loans, Others; By Mortgage Loan Terms: 30-year Mortgage, 20-year Mortgage, 15-year Mortgage, Others; By Lender; By Interest Rate; Regional Analysis; Competitive Landscape; 2024-2032
Global Mortgage Lending Market Outlook
The global mortgage lending market size is projected to grow at a CAGR of 9.8% between 2024 and 2032. The major drivers of the market include increased preference for home ownership and adoption of efficient digital technologies by mortgage lenders.
Key Trends in the Market
The mortgage is a contractual obligation between the lender and the borrower and is used for purchasing homes. Typically, the asset is held as a collateral in order to receive the loan, the property stays a collateral till the borrowed amount is paid back to the lender in entirety.
- Adoption of third-party technologies to streamline the different components of the mortgage processes is aiding the mortgage lending market growth as they enhance the overall customer experience and accelerate the mortgage application process.
- Introduction of efficient digital platforms for mortgage management is supporting the market expansion in various region across the globe. A well-developed digital interface allows mortgage borrowers to receive or upload documentation, access information about their loans, communicate seamlessly with the lenders, and make payments in an accurate manner.
- Increasing availability of government-insured mortgage loans is offering lucrative growth opportunities to the market. These mortgage loans have slightly lenient requirements in terms of down payment and credit as compared to their counterparts. They also allow individuals with a lower credit score to apply for mortgages.
Global Mortgage Lending Market Analysis
On the basis of type of mortgage loan, the market is divided into conventional mortgage loans, jumbo, and government-insured mortgage loans, among others. Based on mortgage loan terms, the market is categorised into 30-year mortgage, 20-year mortgage, and 15-year mortgage, among others.
On the basis of lender, the market is bifurcated onto primary mortgage lender and secondary mortgage lender. Based on interest rate, the market is classified into fixed-rate mortgage loan and adjustable-rate mortgage loan. On the basis of region, the mortgage lending market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Bank of America Corporation
- Royal Bank of Canada
- JPMorgan Chase & Co.
- BNP Paribas Group (Union De Créditos Inmobiliarios)
- Truist Financial Corporation
- Mitsubishi UFJ Financial Group, Inc.
- Rocket Companies, Inc.
- Wells Fargo & Company
- PT Bank Central Asia Tbk
- Qatar National Bank
- Standard Chartered Group
- Others
Market Share by Mortgage Loans
Conventional mortgage loans are expected to account for a significant mortgage lending market share. This growth can be attributed to the flexible and simple nature of conventional mortgage loans. Additionally, no upfront mortgage insurance premium is required to be paid by the individuals when availing this type of mortgage. These mortgage loans are available across various private mortgage lenders including credit units and banks, among others. Availability of flexible loan options and high limits are further bolstering the segment growth.
Market Share by Region
North America is anticipated to account for a significant share of the market over the forecast period owing to the increasing initiatives taken by the governments in the region to promote home ownership, mortgage banking, and construction. The adoption of novel technologies to streamline the front to back processes is enhancing consumer experience and boosting the mortgage lending market demand. Further improvements are being facilitated at point of origination, loan servicing, underwriting, and processing while expanding consumer access to home-buying and home-financing services.
Competitive Landscape
Bank of America Corporation, headquartered in North Carolina, United States, is an investment bank and financial services holding company that offers a wide range of asset management, banking, risk management, mortgage lending, and investing related products and services.
Royal Bank of Canada, headquartered in Ontario, Canada, is a purpose driven global financial institution providing mortgage lending, financial planning, investing, and wealth management products and services, among others.
JPMorgan Chase & Co., headquartered in New York, United States is a multinational financial services company that was founded in 2000. They provide investment banking solutions including risk management, raising capital, and mergers and acquisitions. JP Morgan Chase also provides mortgage lending services to their clients.
Other mortgage lending market key players include BNP Paribas Group (Union De Créditos Inmobiliarios), Truist Financial Corporation, Mitsubishi UFJ Financial Group, Inc., Rocket Companies, Inc., Wells Fargo & Company, PT Bank Central Asia Tbk, Qatar National Bank, and Standard Chartered Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type of Mortgage Loan |
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| Breakup by Mortgage Loan Terms |
|
| Breakup by Lender |
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| Breakup by Interest Rate |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Mortgage Lending Market Analysis
8.1 Key Industry Highlights
8.2 Global Mortgage Lending Historical Market (2018-2023)
8.3 Global Mortgage Lending Market Forecast (2024-2032)
8.4 Global Mortgage Lending Market by Type of Mortgage Loan
8.4.1 Conventional Mortgage Loans
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Jumbo
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Government-insured Mortgage Loans
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Mortgage Lending Market by Mortgage Loan Terms
8.5.1 30-year Mortgage
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 20-year Mortgage
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 15-year Mortgage
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Mortgage Lending Market by Lender
8.6.1 Primary Mortgage Lender
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Secondary Mortgage Lender
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Mortgage Lending Market by Interest Rate
8.7.1 Fixed-rate Mortgage Loan
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Adjustable-rate Mortgage Loan
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Mortgage Lending Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Mortgage Lending Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Mortgage Lending Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Mortgage Lending Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Mortgage Lending Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Mortgage Lending Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Bank of America Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Royal Bank of Canada
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 JPMorgan Chase & Co.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 BNP Paribas Group (Union De Créditos Inmobiliarios)
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Truist Financial Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Mitsubishi UFJ Financial Group, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Rocket Companies, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Wells Fargo & Company
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 PT Bank Central Asia Tbk
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Qatar National Bank
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Standard Chartered Group
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Mortgage Lending Market: Key Industry Highlights, 2018 and 2032
2. Global Mortgage Lending Historical Market: Breakup by Type of Mortgage Loan (USD Billion), 2018-2023
3. Global Mortgage Lending Market Forecast: Breakup by Type of Mortgage Loan (USD Billion), 2024-2032
4. Global Mortgage Lending Historical Market: Breakup by Mortgage Loan Terms (USD Billion), 2018-2023
5. Global Mortgage Lending Market Forecast: Breakup by Mortgage Loan Terms (USD Billion), 2024-2032
6. Global Mortgage Lending Historical Market: Breakup by Lender (USD Billion), 2018-2023
7. Global Mortgage Lending Market Forecast: Breakup by Lender (USD Billion), 2024-2032
8. Global Mortgage Lending Historical Market: Breakup by Interest Rate (USD Billion), 2018-2023
9. Global Mortgage Lending Market Forecast: Breakup by Interest Rate (USD Billion), 2024-2032
10. Global Mortgage Lending Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Mortgage Lending Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Mortgage Lending Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Mortgage Lending Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Mortgage Lending Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Mortgage Lending Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Mortgage Lending Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Mortgage Lending Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Mortgage Lending Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Mortgage Lending Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Mortgage Lending Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Mortgage Lending Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Mortgage Lending Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.8% between 2024 and 2032.
The major market drivers include increased preference for home ownership and adoption of digital technologies by mortgage lenders.
The key trends fuelling the growth of the market include increasing availability of government-insured mortgage loans and utilisation of third-party technologies to enhance customer experience.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant mortgage loan terms include 30-year mortgage, 20-year mortgage, and 15-year mortgage, among others.
The various lenders include primary mortgage lender and secondary mortgage lender.
The significant types of mortgage loans include conventional mortgage loans, jumbo, and government-insured mortgage loans, among others.
The key players in the market are Bank of America Corporation, Royal Bank of Canada, JPMorgan Chase & Co., BNP Paribas Group (Union De Créditos Inmobiliarios), Truist Financial Corporation, Mitsubishi UFJ Financial Group, Inc., Rocket Companies, Inc., Wells Fargo & Company, PT Bank Central Asia Tbk, Qatar National Bank, and Standard Chartered Group, among others.
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