Top Mortgage Lenders in Florence, AL

Which mortgage lender in the Florence, AL area typically has the best rates? To help you narrow down where to shop for a mortgage, 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

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.10%(4.0)17.01%
Progress Bank and Trust-0.10%(4.0)2.33%
Fairway Independent Mortgage Corporation-0.06%(4.0)9.40%
First Federal Bank-0.06%(4.0)4.98%
Mortgage Investors Group-0.04%(3.5)6.33%
CB&S Bank-0.03%(3.5)3.32%
SouthPoint Bank-0.00%(3.5)4.12%
Bank Independent-0.00%(3.5)8.78%
Renasant Bank0.00%(3.5)4.73%
Wells Fargo Bank0.01%(3.5)2.27%
FirstBank TN0.03%(3.5)3.44%
Regions Bank0.03%(3.5)8.48%
Quicken Loans0.10%(3.0)12.41%
Assurance Financial0.12%(3.0)6.45%
Integrity Mortgage Group0.17%(2.5)3.62%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.10%(4.0)22.06%
Progress Bank and Trust-0.08%(4.0)2.01%
First Federal Bank-0.05%(4.0)5.84%
Bank Independent-0.05%(4.0)7.32%
Mortgage Investors Group-0.05%(3.5)6.45%
Fairway Independent Mortgage Corporation-0.04%(3.5)10.37%
CB&S Bank-0.01%(3.5)3.05%
SouthPoint Bank0.00%(3.5)5.58%
Wells Fargo Bank0.02%(3.5)2.27%
Renasant Bank0.04%(3.5)4.62%
FirstBank TN0.04%(3.5)3.92%
Regions Bank0.04%(3.5)5.32%
Quicken Loans0.13%(3.0)6.45%
Assurance Financial0.14%(3.0)7.85%
Integrity Mortgage Group0.19%(2.5)4.88%
Lender NameRate DifferenceRate RatingMarket Share
Progress Bank and Trust-0.12%(4.0)3.12%
Fairway Independent Mortgage Corporation-0.12%(4.0)7.07%
Trustmark National Bank-0.09%(4.0)4.99%
Renasant Bank-0.07%(4.0)4.99%
CB&S Bank-0.07%(4.0)3.95%
First Federal Bank-0.04%(3.5)2.91%
Mortgage Investors Group-0.02%(3.5)6.03%
Wells Fargo Bank-0.02%(3.5)2.29%
SouthPoint Bank-0.01%(3.5)0.62%
FirstBank TN-0.01%(3.5)2.29%
Assurance Financial-0.01%(3.5)3.12%
Integrity Mortgage Group0.01%(3.5)0.62%
Regions Bank0.01%(3.5)16.01%
Quicken Loans0.06%(3.0)26.61%
Bank Independent0.06%(3.0)12.27%
Lender NameRate DifferenceRate RatingMarket Share
Progress Bank and Trust-0.11%(4.0)3.23%
First Federal Bank-0.08%(4.0)5.02%
Mortgage Investors Group-0.06%(4.0)7.71%
Fairway Independent Mortgage Corporation-0.06%(4.0)8.96%
Trustmark National Bank-0.05%(3.5)14.78%
CB&S Bank-0.04%(3.5)4.39%
Bank Independent-0.01%(3.5)11.56%
Renasant Bank-0.00%(3.5)5.47%
Wells Fargo Bank0.01%(3.5)2.87%
FirstBank TN0.01%(3.5)3.49%
Regions Bank0.03%(3.5)11.20%
Assurance Financial0.08%(3.0)3.41%
SouthPoint Bank0.09%(3.0)2.42%
Integrity Mortgage Group0.13%(3.0)2.33%
Quicken Loans0.13%(3.0)10.04%
Lender NameRate DifferenceRate RatingMarket Share
Progress Bank and Trust-0.10%(4.0)2.91%
First Federal Bank-0.08%(4.0)6.10%
Mortgage Investors Group-0.07%(4.0)7.91%
Bank Independent-0.06%(4.0)9.99%
Trustmark National Bank-0.03%(3.5)20.25%
Fairway Independent Mortgage Corporation-0.02%(3.5)9.99%
CB&S Bank-0.02%(3.5)4.30%
Wells Fargo Bank0.02%(3.5)2.91%
FirstBank TN0.03%(3.5)4.16%
Regions Bank0.04%(3.5)7.21%
Renasant Bank0.05%(3.5)5.13%
SouthPoint Bank0.11%(3.0)3.33%
Assurance Financial0.11%(3.0)4.16%
Quicken Loans0.11%(3.0)5.27%
Integrity Mortgage Group0.14%(3.0)3.47%
Lender NameRate DifferenceRate RatingMarket Share
Fairway Independent Mortgage Corporation-0.14%(4.0)7.09%
Progress Bank and Trust-0.13%(4.0)3.80%
Trustmark National Bank-0.11%(4.0)4.81%
Renasant Bank-0.08%(4.0)6.08%
CB&S Bank-0.08%(4.0)4.56%
First Federal Bank-0.05%(4.0)3.04%
Mortgage Investors Group-0.02%(3.5)7.34%
Wells Fargo Bank-0.02%(3.5)2.78%
SouthPoint Bank-0.02%(3.5)0.76%
FirstBank TN-0.02%(3.5)2.28%
Integrity Mortgage Group-0.00%(3.5)0.25%
Assurance Financial0.00%(3.5)2.03%
Regions Bank0.01%(3.5)18.48%
Bank Independent0.06%(3.0)14.43%
Quicken Loans0.12%(3.0)18.73%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.19%(4.5)24.10%
Fairway Independent Mortgage Corporation-0.08%(4.0)9.74%
SouthPoint Bank-0.06%(4.0)9.23%
Bank Independent-0.01%(3.5)1.28%
First Federal Bank0.00%(3.5)4.87%
Renasant Bank0.01%(3.5)3.85%
Regions Bank0.04%(3.5)1.79%
Progress Bank and Trust0.05%(3.5)0.51%
CB&S Bank0.05%(3.0)1.03%
Mortgage Investors Group0.06%(3.0)2.56%
Quicken Loans0.07%(3.0)17.95%
FirstBank TN0.07%(3.0)2.05%
Assurance Financial0.18%(2.5)13.33%
Integrity Mortgage Group0.25%(2.0)7.18%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.20%(4.5)27.25%
Fairway Independent Mortgage Corporation-0.08%(4.0)11.38%
SouthPoint Bank-0.06%(4.0)10.78%
Bank Independent-0.01%(3.5)1.50%
First Federal Bank0.00%(3.5)5.09%
Renasant Bank0.01%(3.5)4.49%
Regions Bank0.02%(3.5)1.50%
Progress Bank and Trust0.05%(3.5)0.60%
CB&S Bank0.05%(3.0)1.20%
Mortgage Investors Group0.07%(3.0)2.99%
FirstBank TN0.07%(3.0)2.40%
Quicken Loans0.17%(2.5)8.08%
Assurance Financial0.19%(2.5)14.37%
Integrity Mortgage Group0.27%(2.0)7.78%
Lender NameRate DifferenceRate RatingMarket Share
Assurance Financial-0.01%(3.5)7.14%
Quicken Loans-0.01%(3.5)76.79%
Trustmark National Bank0.01%(3.5)5.36%
First Federal Bank0.02%(3.5)3.57%
Integrity Mortgage Group0.06%(3.0)3.57%
Regions Bank0.06%(3.0)3.57%
Lender NameRate DifferenceRate RatingMarket Share
Regions Bank-0.00%(3.5)33.33%
Wells Fargo Bank-0.00%(3.5)11.11%
FirstBank TN-0.00%(3.5)11.11%
Quicken Loans-0.00%(3.5)11.11%
Bank Independent0.00%(3.5)11.11%
Assurance Financial0.00%(3.5)11.11%
Lender NameRate DifferenceRate RatingMarket Share
Wells Fargo Bank-0.00%(3.5)33.33%
Bank Independent0.00%(3.5)33.33%
Regions Bank0.00%(3.5)33.33%
Lender NameRate DifferenceRate RatingMarket Share
Regions Bank-0.01%(3.5)33.33%
FirstBank TN-0.00%(3.5)16.67%
Quicken Loans-0.00%(3.5)16.67%
Assurance Financial0.00%(3.5)16.67%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.06%(4.0)15.93%
Bank Independent-0.04%(3.5)7.08%
Wells Fargo Bank-0.03%(3.5)3.54%
Mortgage Investors Group-0.03%(3.5)6.19%
Fairway Independent Mortgage Corporation-0.02%(3.5)13.27%
Regions Bank-0.02%(3.5)2.65%
CB&S Bank0.00%(3.5)0.88%
First Federal Bank0.00%(3.5)5.31%
SouthPoint Bank0.00%(3.5)3.54%
Renasant Bank0.01%(3.5)0.88%
FirstBank TN0.01%(3.5)7.08%
Integrity Mortgage Group0.04%(3.5)4.42%
Assurance Financial0.05%(3.0)12.39%
Quicken Loans0.05%(3.0)16.81%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.07%(4.0)17.98%
Bank Independent-0.05%(3.5)6.74%
Wells Fargo Bank-0.03%(3.5)4.49%
Mortgage Investors Group-0.03%(3.5)7.87%
Regions Bank-0.02%(3.5)3.37%
Fairway Independent Mortgage Corporation-0.02%(3.5)10.11%
First Federal Bank0.01%(3.5)6.74%
SouthPoint Bank0.01%(3.5)4.49%
Renasant Bank0.01%(3.5)1.12%
FirstBank TN0.01%(3.5)7.87%
Integrity Mortgage Group0.04%(3.5)5.62%
Assurance Financial0.06%(3.0)13.48%
Quicken Loans0.08%(3.0)10.11%
Lender NameRate DifferenceRate RatingMarket Share
Fairway Independent Mortgage Corporation-0.03%(3.5)25.00%
Bank Independent-0.02%(3.5)8.33%
Assurance Financial-0.01%(3.5)8.33%
Trustmark National Bank-0.01%(3.5)8.33%
CB&S Bank-0.00%(3.5)4.17%
FirstBank TN0.00%(3.5)4.17%
Quicken Loans0.02%(3.5)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

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