Which mortgage lender in the Rochester, NY 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 Rochester, NY 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 Rochester, NY area in terms of interest rate is Five Star Bank, with an average “Rate Difference” of -0.24%. This means that, comparing similar borrowers, Five Star Bank provided a -0.24% lower interest rate for its customers than other lenders in the area. Five Star Bank has a market share of 2.6%. On the other hand, the most popular lender in the Rochester, NY area is Premium Mortgage Corporation, with a larger market share of 13.7%. Premium Mortgage Corporation is also a relatively cheap lender, with a “Rate Difference” of -0.11% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Rochester, NY 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 Rochester, NY is Five Star Bank. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Premium Mortgage Corporation. The cheapest VA mortgage provider is Navy Federal Credit Union. 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 Rochester, NY
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Premium Mortgage Corporation | -0.25% | 18.20% | |
| CNB Mortgage Company | -0.24% | 3.80% | |
| ESL Federal Credit Union | -0.21% | 4.83% | |
| M&T Bank | -0.11% | 5.05% | |
| Home Point Financial Corporation | -0.06% | 0.67% | |
| Five Star Bank | -0.05% | 0.81% | |
| Bank of America | -0.03% | 0.49% | |
| Caliber Home Loans | -0.03% | 1.25% | |
| NewRez | -0.03% | 0.85% | |
| 1st Priority Mortgage, Inc | -0.01% | 7.16% | |
| Carrington Mortgage Services | -0.01% | 1.21% | |
| KeyBank | 0.01% | 0.09% | |
| NVR Mortgage Finance Inc | 0.03% | 0.31% | |
| Wells Fargo Bank | 0.05% | 0.13% | |
| Plaza Home Mortgage | 0.06% | 1.88% | |
| loanDepot | 0.06% | 0.76% | |
| Finance of America Mortgage | 0.07% | 0.63% | |
| Land Home Financial Services | 0.07% | 0.85% | |
| Homestead Funding Corp | 0.07% | 1.83% | |
| Residential Mortgage Services | 0.08% | 3.49% | |
| Quicken Loans | 0.12% | 15.38% | |
| Movement Mortgage | 0.13% | 2.86% | |
| Mr. Cooper | 0.14% | 2.77% | |
| PrimeLending | 0.14% | 10.24% | |
| Hunt Mortgage Corporation | 0.15% | 1.52% | |
| Genesee Regional Bank | 0.17% | 8.72% | |
| HomeBridge Financial Services | 0.19% | 0.98% | |
| Guaranteed Rate | 0.22% | 3.22% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Premium Mortgage Corporation | -0.25% | 21.52% | |
| CNB Mortgage Company | -0.24% | 4.52% | |
| ESL Federal Credit Union | -0.21% | 5.49% | |
| M&T Bank | -0.13% | 5.22% | |
| Home Point Financial Corporation | -0.06% | 0.81% | |
| Five Star Bank | -0.06% | 0.91% | |
| Caliber Home Loans | -0.03% | 1.40% | |
| Bank of America | -0.03% | 0.59% | |
| 1st Priority Mortgage, Inc | -0.01% | 8.55% | |
| NewRez | -0.00% | 0.48% | |
| KeyBank | 0.01% | 0.05% | |
| loanDepot | 0.02% | 0.16% | |
| Carrington Mortgage Services | 0.03% | 0.16% | |
| NVR Mortgage Finance Inc | 0.04% | 0.38% | |
| Wells Fargo Bank | 0.05% | 0.16% | |
| Plaza Home Mortgage | 0.06% | 2.15% | |
| Homestead Funding Corp | 0.08% | 2.10% | |
| Land Home Financial Services | 0.08% | 0.91% | |
| Residential Mortgage Services | 0.09% | 4.14% | |
| Finance of America Mortgage | 0.09% | 0.59% | |
| PrimeLending | 0.15% | 12.00% | |
| Movement Mortgage | 0.15% | 3.28% | |
| Hunt Mortgage Corporation | 0.16% | 1.83% | |
| Mr. Cooper | 0.17% | 1.45% | |
| Genesee Regional Bank | 0.18% | 10.22% | |
| HomeBridge Financial Services | 0.21% | 1.08% | |
| Guaranteed Rate | 0.22% | 3.82% | |
| Quicken Loans | 0.34% | 6.02% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| NewRez | -0.07% | 2.65% | |
| ESL Federal Credit Union | -0.05% | 1.59% | |
| Movement Mortgage | -0.04% | 0.80% | |
| Carrington Mortgage Services | -0.03% | 6.37% | |
| Premium Mortgage Corporation | -0.03% | 1.86% | |
| Genesee Regional Bank | -0.03% | 1.33% | |
| Finance of America Mortgage | -0.02% | 0.80% | |
| Land Home Financial Services | -0.02% | 0.53% | |
| M&T Bank | -0.01% | 4.24% | |
| Plaza Home Mortgage | -0.01% | 0.53% | |
| Quicken Loans | -0.01% | 61.54% | |
| KeyBank | -0.01% | 0.27% | |
| 1st Priority Mortgage, Inc | -0.00% | 0.27% | |
| Residential Mortgage Services | -0.00% | 0.27% | |
| HomeBridge Financial Services | 0.00% | 0.53% | |
| Caliber Home Loans | 0.00% | 0.53% | |
| CNB Mortgage Company | 0.01% | 0.27% | |
| Five Star Bank | 0.01% | 0.27% | |
| Homestead Funding Corp | 0.02% | 0.53% | |
| Guaranteed Rate | 0.02% | 0.27% | |
| PrimeLending | 0.05% | 1.59% | |
| loanDepot | 0.05% | 3.71% | |
| Mr. Cooper | 0.09% | 9.28% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 5.56% | |
| Premium Mortgage Corporation | -0.01% | 2.78% | |
| KeyBank | -0.01% | 22.22% | |
| 1st Priority Mortgage, Inc | -0.00% | 4.17% | |
| Lyons National Bank | -0.00% | 18.06% | |
| ESL Federal Credit Union | -0.00% | 6.94% | |
| CNB Mortgage Company | 0.00% | 4.17% | |
| Pittsford Federal Credit Union | 0.00% | 5.56% | |
| Genesee Regional Bank | 0.00% | 2.78% | |
| Community Bank NA | 0.01% | 1.39% | |
| Bank of America | 0.01% | 4.17% | |
| JPMorgan Chase Bank | 0.01% | 2.78% | |
| M&T Bank | 0.01% | 12.50% | |
| Northwest Bank PA | 0.01% | 1.39% | |
| Five Star Bank | 0.01% | 1.39% | |
| Quicken Loans | 0.01% | 2.78% | |
| Guaranteed Rate | 0.02% | 1.39% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 8.16% | |
| Premium Mortgage Corporation | -0.01% | 4.08% | |
| KeyBank | -0.01% | 26.53% | |
| 1st Priority Mortgage, Inc | -0.00% | 2.04% | |
| Lyons National Bank | -0.00% | 18.37% | |
| ESL Federal Credit Union | -0.00% | 8.16% | |
| Genesee Regional Bank | 0.00% | 2.04% | |
| Bank of America | 0.00% | 4.08% | |
| Pittsford Federal Credit Union | 0.01% | 4.08% | |
| Community Bank NA | 0.01% | 2.04% | |
| JPMorgan Chase Bank | 0.01% | 2.04% | |
| Northwest Bank PA | 0.01% | 2.04% | |
| Five Star Bank | 0.01% | 2.04% | |
| Guaranteed Rate | 0.02% | 2.04% | |
| M&T Bank | 0.02% | 12.24% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| M&T Bank | -0.01% | 13.04% | |
| 1st Priority Mortgage, Inc | -0.01% | 8.70% | |
| Lyons National Bank | -0.01% | 17.39% | |
| KeyBank | -0.00% | 13.04% | |
| Pittsford Federal Credit Union | 0.00% | 8.70% | |
| ESL Federal Credit Union | 0.00% | 4.35% | |
| CNB Mortgage Company | 0.00% | 13.04% | |
| JPMorgan Chase Bank | 0.01% | 4.35% | |
| Genesee Regional Bank | 0.01% | 4.35% | |
| Bank of America | 0.01% | 4.35% | |
| Quicken Loans | 0.01% | 8.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.17% | 6.18% | |
| Premium Mortgage Corporation | -0.16% | 15.53% | |
| CNB Mortgage Company | -0.11% | 4.12% | |
| Wells Fargo Bank | -0.03% | 1.43% | |
| loanDepot | -0.03% | 2.69% | |
| Caliber Home Loans | -0.01% | 1.27% | |
| M&T Bank | -0.01% | 0.95% | |
| KeyBank | 0.00% | 0.48% | |
| NewRez | 0.00% | 0.32% | |
| JPMorgan Chase Bank | 0.00% | 0.63% | |
| Movement Mortgage | 0.00% | 0.63% | |
| Five Star Bank | 0.00% | 0.63% | |
| Finance of America Mortgage | 0.01% | 0.16% | |
| Hunt Mortgage Corporation | 0.01% | 1.74% | |
| Plaza Home Mortgage | 0.01% | 1.58% | |
| NVR Mortgage Finance Inc | 0.02% | 0.95% | |
| Land Home Financial Services | 0.02% | 0.32% | |
| Guaranteed Rate | 0.03% | 2.54% | |
| HomeBridge Financial Services | 0.03% | 0.48% | |
| 1st Priority Mortgage, Inc | 0.03% | 4.12% | |
| Homestead Funding Corp | 0.04% | 1.27% | |
| Residential Mortgage Services | 0.04% | 3.49% | |
| Carrington Mortgage Services | 0.04% | 1.43% | |
| USAA | 0.05% | 12.68% | |
| Genesee Regional Bank | 0.06% | 5.55% | |
| Quicken Loans | 0.07% | 17.91% | |
| PrimeLending | 0.10% | 6.50% | |
| Mr. Cooper | 0.12% | 4.44% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.18% | 7.25% | |
| Premium Mortgage Corporation | -0.14% | 21.10% | |
| CNB Mortgage Company | -0.11% | 5.05% | |
| Wells Fargo Bank | -0.03% | 1.76% | |
| Caliber Home Loans | 0.01% | 1.32% | |
| JPMorgan Chase Bank | 0.01% | 0.66% | |
| KeyBank | 0.01% | 0.66% | |
| Five Star Bank | 0.01% | 0.66% | |
| Finance of America Mortgage | 0.02% | 0.22% | |
| M&T Bank | 0.02% | 0.66% | |
| Hunt Mortgage Corporation | 0.02% | 2.42% | |
| loanDepot | 0.03% | 0.22% | |
| Plaza Home Mortgage | 0.03% | 2.20% | |
| Movement Mortgage | 0.03% | 0.44% | |
| NVR Mortgage Finance Inc | 0.03% | 1.32% | |
| Land Home Financial Services | 0.04% | 0.44% | |
| Guaranteed Rate | 0.04% | 3.52% | |
| HomeBridge Financial Services | 0.04% | 0.66% | |
| 1st Priority Mortgage, Inc | 0.05% | 5.71% | |
| Homestead Funding Corp | 0.05% | 1.76% | |
| Residential Mortgage Services | 0.06% | 4.84% | |
| Carrington Mortgage Services | 0.07% | 0.66% | |
| Genesee Regional Bank | 0.07% | 7.25% | |
| USAA | 0.09% | 14.73% | |
| Mr. Cooper | 0.11% | 1.76% | |
| PrimeLending | 0.13% | 8.13% | |
| Quicken Loans | 0.16% | 4.62% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.11% | 7.39% | |
| loanDepot | -0.06% | 9.09% | |
| Navy Federal Credit Union | -0.06% | 3.41% | |
| Premium Mortgage Corporation | -0.06% | 1.14% | |
| M&T Bank | -0.06% | 1.70% | |
| CNB Mortgage Company | -0.05% | 1.70% | |
| Movement Mortgage | -0.05% | 1.14% | |
| Caliber Home Loans | -0.04% | 1.14% | |
| Genesee Regional Bank | -0.04% | 1.14% | |
| NewRez | -0.04% | 1.14% | |
| PrimeLending | -0.02% | 2.27% | |
| Five Star Bank | -0.02% | 0.57% | |
| Wells Fargo Bank | -0.02% | 0.57% | |
| JPMorgan Chase Bank | -0.02% | 0.57% | |
| Carrington Mortgage Services | 0.01% | 3.41% | |
| Quicken Loans | 0.02% | 52.27% | |
| Mr. Cooper | 0.09% | 11.36% |
* Data is compiled for the Rochester, NY commuting zone area, which comprises of counties of Livingston County, NY, Monroe County, NY, Ontario County, NY, Orleans County, NY, Seneca County, NY, Wayne County, NY, and Yates County, NY. This includes cities/towns/communities of Rochester, NY as well as Irondequoit, NY, Fairport, NY, Brighton, NY, Victor, NY, Greece, NY, Webster, NY, Spencerport, NY, Newark, NY, Pittsford, NY, North Gates, NY, Canandaigua, NY, Hamlin, NY, Hilton, NY, Waterloo, NY, Livonia, NY, Holley, NY, East Rochester, NY, Honeoye, NY, Geneva, NY, Albion, NY, Clarkson, NY, Penn Yan, NY, Geneseo, NY, Brockport, NY, Gates, NY, Ontario, NY, Palmyra, NY, Bloomfield, NY, Phelps, NY, Seneca Falls, NY, Macedon, NY, Churchville, NY, Dundee, NY, Rushville, NY, Scottsville, NY, East Avon, NY, Springwater Hamlet, NY, Keuka Park, NY, Crystal Beach, NY, Leicester, NY, Lima, NY, Caledonia, NY, Cumminsville, NY, Williamson, NY, Dansville, NY, Marion, NY, Medina, NY, Manchester, NY, Avon, NY, and Honeoye Falls, NY. 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 Rochester, NY area. For mortgage lender rankings in other cities, click here.