Which mortgage lender in the Middletown, DE 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 Middletown, DE 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 Middletown, DE area in terms of interest rate is M&T Bank, with an average “Rate Difference” of -0.20%. This means that, comparing similar borrowers, M&T Bank provided a -0.20% lower interest rate for its customers than other lenders in the area. M&T Bank has a market share of 2.2%. On the other hand, the most popular lender in the Middletown, DE area is Pike Creek Mortgage Services, Inc, with a larger market share of 12.2%. Pike Creek Mortgage Services, Inc is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.01% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Middletown, DE 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, JPMorgan Chase Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Middletown, DE. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is M&T Bank. 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 Middletown, DE
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| JPMorgan Chase Bank | -0.04% | 14.08% | |
| Citibank | -0.01% | 4.23% | |
| TD Bank | -0.01% | 5.63% | |
| Wells Fargo Bank | -0.01% | 14.79% | |
| Bank of America | -0.00% | 4.93% | |
| Fairway Independent Mortgage Corporation | 0.00% | 2.82% | |
| Fulton Bank | 0.00% | 2.82% | |
| Trident Mortgage | 0.00% | 2.82% | |
| Pike Creek Mortgage Services, Inc | 0.00% | 2.11% | |
| PNC Bank | 0.00% | 2.82% | |
| Draper and Kramer Mortgage Corp | 0.01% | 1.41% | |
| Cardinal Financial Company | 0.01% | 0.70% | |
| NVR Mortgage Finance Inc | 0.01% | 3.52% | |
| Quicken Loans | 0.01% | 2.82% | |
| Santander Bank | 0.01% | 1.41% | |
| M&T Bank | 0.01% | 4.93% | |
| AnnieMac Home Mortgage | 0.01% | 0.70% | |
| Meridian Bank | 0.01% | 0.70% | |
| Bryn Mawr Trust | 0.01% | 2.82% | |
| Finance of America Mortgage | 0.01% | 0.70% | |
| Prosperity Home Mortgage LLC | 0.01% | 4.23% | |
| Huntingdon Valley Bank | 0.01% | 0.70% | |
| Embrace Home Loans | 0.01% | 0.70% | |
| Residential Mortgage Services | 0.01% | 2.11% | |
| Primary Residential Mortgage Inc | 0.01% | 0.70% | |
| NewRez | 0.02% | 0.70% | |
| Northpointe Bank | 0.02% | 0.70% | |
| WSFS Bank | 0.03% | 11.97% | |
| Navy Federal Credit Union | 0.04% | 1.41% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| JPMorgan Chase Bank | -0.05% | 13.98% | |
| Citibank | -0.02% | 4.30% | |
| Wells Fargo Bank | -0.01% | 17.20% | |
| Prosperity Home Mortgage LLC | 0.00% | 4.30% | |
| Fulton Bank | 0.00% | 3.23% | |
| M&T Bank | 0.00% | 2.15% | |
| Fairway Independent Mortgage Corporation | 0.01% | 4.30% | |
| TD Bank | 0.01% | 1.08% | |
| Trident Mortgage | 0.01% | 4.30% | |
| Bank of America | 0.01% | 4.30% | |
| Pike Creek Mortgage Services, Inc | 0.01% | 3.23% | |
| PNC Bank | 0.01% | 3.23% | |
| Draper and Kramer Mortgage Corp | 0.01% | 1.08% | |
| NVR Mortgage Finance Inc | 0.01% | 5.38% | |
| Santander Bank | 0.01% | 1.08% | |
| Bryn Mawr Trust | 0.02% | 4.30% | |
| Finance of America Mortgage | 0.02% | 1.08% | |
| Quicken Loans | 0.02% | 2.15% | |
| Huntingdon Valley Bank | 0.02% | 1.08% | |
| Embrace Home Loans | 0.02% | 1.08% | |
| Residential Mortgage Services | 0.02% | 3.23% | |
| WSFS Bank | 0.02% | 9.68% | |
| NewRez | 0.02% | 1.08% | |
| Northpointe Bank | 0.03% | 1.08% | |
| Navy Federal Credit Union | 0.04% | 2.15% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| TD Bank | -0.02% | 14.29% | |
| Bank of America | -0.02% | 6.12% | |
| JPMorgan Chase Bank | -0.02% | 14.29% | |
| Quicken Loans | -0.01% | 4.08% | |
| Citibank | -0.00% | 4.08% | |
| PNC Bank | -0.00% | 2.04% | |
| Cardinal Financial Company | -0.00% | 2.04% | |
| Draper and Kramer Mortgage Corp | -0.00% | 2.04% | |
| Santander Bank | -0.00% | 2.04% | |
| Wells Fargo Bank | -0.00% | 10.20% | |
| Fulton Bank | -0.00% | 2.04% | |
| AnnieMac Home Mortgage | 0.00% | 2.04% | |
| Meridian Bank | 0.00% | 2.04% | |
| M&T Bank | 0.00% | 10.20% | |
| Primary Residential Mortgage Inc | 0.00% | 2.04% | |
| Prosperity Home Mortgage LLC | 0.03% | 4.08% | |
| WSFS Bank | 0.04% | 16.33% |
* Data is compiled for the Middletown, DE commuting zone area, which comprises of counties of New Castle County, DE, and Cecil County, MD. This includes cities/towns/communities of Middletown, DE as well as Wilmington, DE, Newark, DE, Glasgow, DE, Elkton, MD, Bear, DE, Pike Creek Valley, DE, North East, MD, Hockessin, DE, Odessa, DE, Claymont, DE, New Castle, DE, Pike Creek, DE, Edgemoor, DE, Brookside, DE, North Star, DE, Wilmington Manor, DE, Greenville, DE, Newport, DE, Port Deposit, MD, Chesapeake City, MD, Cecilton, MD, Rising Sun, MD, Elsmere, DE, Perryville, MD, Ardentown, DE, Delaware City, DE, Arden, DE, and Smyrna, DE. 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 Middletown, DE area. For mortgage lender rankings in other cities, click here.