Which mortgage lender in the Florence, AL area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Florence, AL area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Florence, AL area in terms of interest rate is Trustmark National Bank, with an average “Rate Difference” of -0.10%. This means that, comparing similar borrowers, Trustmark National Bank provided a -0.10% lower interest rate for its customers than other lenders in the area. Trustmark National Bank has a market share of 17.0%. It is the most popular lender in the Florence, AL area.
Our detailed ranking of mortgage lenders in the Florence, AL area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Florence, AL is Progress Bank and Trust. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Regions Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Trustmark National Bank. The cheapest VA mortgage provider is also Trustmark National Bank. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Florence, AL
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.10% | 17.01% | |
| Progress Bank and Trust | -0.10% | 2.33% | |
| Fairway Independent Mortgage Corporation | -0.06% | 9.40% | |
| First Federal Bank | -0.06% | 4.98% | |
| Mortgage Investors Group | -0.04% | 6.33% | |
| CB&S Bank | -0.03% | 3.32% | |
| SouthPoint Bank | -0.00% | 4.12% | |
| Bank Independent | -0.00% | 8.78% | |
| Renasant Bank | 0.00% | 4.73% | |
| Wells Fargo Bank | 0.01% | 2.27% | |
| FirstBank TN | 0.03% | 3.44% | |
| Regions Bank | 0.03% | 8.48% | |
| BBVA | 0.07% | 2.33% | |
| Quicken Loans | 0.10% | 12.41% | |
| Assurance Financial | 0.12% | 6.45% | |
| Integrity Mortgage Group | 0.17% | 3.62% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.10% | 22.06% | |
| Progress Bank and Trust | -0.08% | 2.01% | |
| First Federal Bank | -0.05% | 5.84% | |
| Bank Independent | -0.05% | 7.32% | |
| Mortgage Investors Group | -0.05% | 6.45% | |
| Fairway Independent Mortgage Corporation | -0.04% | 10.37% | |
| CB&S Bank | -0.01% | 3.05% | |
| SouthPoint Bank | 0.00% | 5.58% | |
| Wells Fargo Bank | 0.02% | 2.27% | |
| Renasant Bank | 0.04% | 4.62% | |
| FirstBank TN | 0.04% | 3.92% | |
| Regions Bank | 0.04% | 5.32% | |
| BBVA | 0.10% | 2.01% | |
| Quicken Loans | 0.13% | 6.45% | |
| Assurance Financial | 0.14% | 7.85% | |
| Integrity Mortgage Group | 0.19% | 4.88% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Progress Bank and Trust | -0.12% | 3.12% | |
| Fairway Independent Mortgage Corporation | -0.12% | 7.07% | |
| Trustmark National Bank | -0.09% | 4.99% | |
| Renasant Bank | -0.07% | 4.99% | |
| CB&S Bank | -0.07% | 3.95% | |
| First Federal Bank | -0.04% | 2.91% | |
| Mortgage Investors Group | -0.02% | 6.03% | |
| Wells Fargo Bank | -0.02% | 2.29% | |
| SouthPoint Bank | -0.01% | 0.62% | |
| FirstBank TN | -0.01% | 2.29% | |
| Assurance Financial | -0.01% | 3.12% | |
| BBVA | 0.01% | 3.12% | |
| Integrity Mortgage Group | 0.01% | 0.62% | |
| Regions Bank | 0.01% | 16.01% | |
| Quicken Loans | 0.06% | 26.61% | |
| Bank Independent | 0.06% | 12.27% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Progress Bank and Trust | -0.11% | 3.23% | |
| First Federal Bank | -0.08% | 5.02% | |
| Mortgage Investors Group | -0.06% | 7.71% | |
| Fairway Independent Mortgage Corporation | -0.06% | 8.96% | |
| Trustmark National Bank | -0.05% | 14.78% | |
| CB&S Bank | -0.04% | 4.39% | |
| Bank Independent | -0.01% | 11.56% | |
| Renasant Bank | -0.00% | 5.47% | |
| Wells Fargo Bank | 0.01% | 2.87% | |
| FirstBank TN | 0.01% | 3.49% | |
| Regions Bank | 0.03% | 11.20% | |
| BBVA | 0.06% | 3.14% | |
| Assurance Financial | 0.08% | 3.41% | |
| SouthPoint Bank | 0.09% | 2.42% | |
| Integrity Mortgage Group | 0.13% | 2.33% | |
| Quicken Loans | 0.13% | 10.04% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Progress Bank and Trust | -0.10% | 2.91% | |
| First Federal Bank | -0.08% | 6.10% | |
| Mortgage Investors Group | -0.07% | 7.91% | |
| Bank Independent | -0.06% | 9.99% | |
| Trustmark National Bank | -0.03% | 20.25% | |
| Fairway Independent Mortgage Corporation | -0.02% | 9.99% | |
| CB&S Bank | -0.02% | 4.30% | |
| Wells Fargo Bank | 0.02% | 2.91% | |
| FirstBank TN | 0.03% | 4.16% | |
| Regions Bank | 0.04% | 7.21% | |
| Renasant Bank | 0.05% | 5.13% | |
| BBVA | 0.10% | 2.91% | |
| SouthPoint Bank | 0.11% | 3.33% | |
| Assurance Financial | 0.11% | 4.16% | |
| Quicken Loans | 0.11% | 5.27% | |
| Integrity Mortgage Group | 0.14% | 3.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fairway Independent Mortgage Corporation | -0.14% | 7.09% | |
| Progress Bank and Trust | -0.13% | 3.80% | |
| Trustmark National Bank | -0.11% | 4.81% | |
| Renasant Bank | -0.08% | 6.08% | |
| CB&S Bank | -0.08% | 4.56% | |
| First Federal Bank | -0.05% | 3.04% | |
| Mortgage Investors Group | -0.02% | 7.34% | |
| Wells Fargo Bank | -0.02% | 2.78% | |
| SouthPoint Bank | -0.02% | 0.76% | |
| FirstBank TN | -0.02% | 2.28% | |
| Integrity Mortgage Group | -0.00% | 0.25% | |
| BBVA | 0.00% | 3.54% | |
| Assurance Financial | 0.00% | 2.03% | |
| Regions Bank | 0.01% | 18.48% | |
| Bank Independent | 0.06% | 14.43% | |
| Quicken Loans | 0.12% | 18.73% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.19% | 24.10% | |
| Fairway Independent Mortgage Corporation | -0.08% | 9.74% | |
| SouthPoint Bank | -0.06% | 9.23% | |
| Bank Independent | -0.01% | 1.28% | |
| First Federal Bank | 0.00% | 4.87% | |
| Renasant Bank | 0.01% | 3.85% | |
| Regions Bank | 0.04% | 1.79% | |
| Progress Bank and Trust | 0.05% | 0.51% | |
| CB&S Bank | 0.05% | 1.03% | |
| Mortgage Investors Group | 0.06% | 2.56% | |
| BBVA | 0.06% | 0.51% | |
| Quicken Loans | 0.07% | 17.95% | |
| FirstBank TN | 0.07% | 2.05% | |
| Assurance Financial | 0.18% | 13.33% | |
| Integrity Mortgage Group | 0.25% | 7.18% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.20% | 27.25% | |
| Fairway Independent Mortgage Corporation | -0.08% | 11.38% | |
| SouthPoint Bank | -0.06% | 10.78% | |
| Bank Independent | -0.01% | 1.50% | |
| First Federal Bank | 0.00% | 5.09% | |
| Renasant Bank | 0.01% | 4.49% | |
| Regions Bank | 0.02% | 1.50% | |
| Progress Bank and Trust | 0.05% | 0.60% | |
| CB&S Bank | 0.05% | 1.20% | |
| Mortgage Investors Group | 0.07% | 2.99% | |
| BBVA | 0.07% | 0.60% | |
| FirstBank TN | 0.07% | 2.40% | |
| Quicken Loans | 0.17% | 8.08% | |
| Assurance Financial | 0.19% | 14.37% | |
| Integrity Mortgage Group | 0.27% | 7.78% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Assurance Financial | -0.01% | 7.14% | |
| Quicken Loans | -0.01% | 76.79% | |
| Trustmark National Bank | 0.01% | 5.36% | |
| First Federal Bank | 0.02% | 3.57% | |
| Integrity Mortgage Group | 0.06% | 3.57% | |
| Regions Bank | 0.06% | 3.57% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Regions Bank | -0.00% | 33.33% | |
| Wells Fargo Bank | -0.00% | 11.11% | |
| FirstBank TN | -0.00% | 11.11% | |
| Quicken Loans | -0.00% | 11.11% | |
| Bank Independent | 0.00% | 11.11% | |
| Assurance Financial | 0.00% | 11.11% | |
| BBVA | 0.01% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.00% | 33.33% | |
| Bank Independent | 0.00% | 33.33% | |
| Regions Bank | 0.00% | 33.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Regions Bank | -0.01% | 33.33% | |
| FirstBank TN | -0.00% | 16.67% | |
| Quicken Loans | -0.00% | 16.67% | |
| Assurance Financial | 0.00% | 16.67% | |
| BBVA | 0.01% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.06% | 15.93% | |
| Bank Independent | -0.04% | 7.08% | |
| Wells Fargo Bank | -0.03% | 3.54% | |
| Mortgage Investors Group | -0.03% | 6.19% | |
| Fairway Independent Mortgage Corporation | -0.02% | 13.27% | |
| Regions Bank | -0.02% | 2.65% | |
| CB&S Bank | 0.00% | 0.88% | |
| First Federal Bank | 0.00% | 5.31% | |
| SouthPoint Bank | 0.00% | 3.54% | |
| Renasant Bank | 0.01% | 0.88% | |
| FirstBank TN | 0.01% | 7.08% | |
| Integrity Mortgage Group | 0.04% | 4.42% | |
| Assurance Financial | 0.05% | 12.39% | |
| Quicken Loans | 0.05% | 16.81% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.07% | 17.98% | |
| Bank Independent | -0.05% | 6.74% | |
| Wells Fargo Bank | -0.03% | 4.49% | |
| Mortgage Investors Group | -0.03% | 7.87% | |
| Regions Bank | -0.02% | 3.37% | |
| Fairway Independent Mortgage Corporation | -0.02% | 10.11% | |
| First Federal Bank | 0.01% | 6.74% | |
| SouthPoint Bank | 0.01% | 4.49% | |
| Renasant Bank | 0.01% | 1.12% | |
| FirstBank TN | 0.01% | 7.87% | |
| Integrity Mortgage Group | 0.04% | 5.62% | |
| Assurance Financial | 0.06% | 13.48% | |
| Quicken Loans | 0.08% | 10.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fairway Independent Mortgage Corporation | -0.03% | 25.00% | |
| Bank Independent | -0.02% | 8.33% | |
| Assurance Financial | -0.01% | 8.33% | |
| Trustmark National Bank | -0.01% | 8.33% | |
| CB&S Bank | -0.00% | 4.17% | |
| FirstBank TN | 0.00% | 4.17% | |
| Quicken Loans | 0.02% | 41.67% |
* Data is compiled for the Florence, AL commuting zone area, which comprises of counties of Colbert County, AL, Franklin County, AL, and Lauderdale County, AL. This includes cities/towns/communities of Florence, AL as well as Muscle Shoals, AL, Killen, AL, Sheffield, AL, Tuscumbia, AL, Russellville, AL, Rogersville, AL, Lexington, AL, Spruce Pine, AL, Anderson, AL, Underwood-Petersville, AL, Leighton, AL, Cherokee, AL, Red Bay, AL, Belgreen, AL, Vina, AL, and Waterloo, AL. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Florence, AL area. For mortgage lender rankings in other cities, click here.