Which mortgage lender in the Tuscaloosa, 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 Tuscaloosa, 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 Tuscaloosa, AL area in terms of interest rate is First Federal Bank, with an average “Rate Difference” of -0.12%. This means that, comparing similar borrowers, First Federal Bank provided a -0.12% lower interest rate for its customers than other lenders in the area. First Federal Bank has a market share of 14.8%. It is the most popular lender in the Tuscaloosa, AL area.
Our detailed ranking of mortgage lenders in the Tuscaloosa, 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 Tuscaloosa, AL is First Federal 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 Regions Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Federal Bank. The cheapest VA mortgage provider is USAA. 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 Tuscaloosa, AL
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Federal Bank | -0.12% | 14.80% | |
| Cadence Bank | -0.09% | 8.90% | |
| Alabama Credit Union | -0.08% | 3.36% | |
| Trustmark National Bank | -0.04% | 3.31% | |
| Renasant Bank | -0.04% | 4.27% | |
| InterLinc Mortgage Services | -0.02% | 10.71% | |
| USAA | -0.01% | 1.86% | |
| BancorpSouth Bank | 0.01% | 6.13% | |
| SmartBank | 0.01% | 1.45% | |
| Regions Bank | 0.01% | 6.58% | |
| DHI Mortgage Company Limited | 0.01% | 2.22% | |
| Bank of Little Rock | 0.02% | 4.18% | |
| BankFirst Financial Services | 0.02% | 2.32% | |
| Wells Fargo Bank | 0.02% | 4.49% | |
| FirstBank TN | 0.06% | 7.22% | |
| loanDepot | 0.06% | 2.13% | |
| Carrington Mortgage Services | 0.07% | 1.68% | |
| Quicken Loans | 0.10% | 9.49% | |
| PNC Bank | 0.11% | 1.63% | |
| Southwest Funding | 0.36% | 3.27% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Federal Bank | -0.10% | 15.10% | |
| Cadence Bank | -0.09% | 12.54% | |
| Regions Bank | -0.05% | 6.34% | |
| Trustmark National Bank | -0.04% | 2.83% | |
| InterLinc Mortgage Services | -0.02% | 14.16% | |
| Renasant Bank | -0.01% | 3.78% | |
| Wells Fargo Bank | -0.01% | 4.38% | |
| USAA | 0.00% | 1.69% | |
| BancorpSouth Bank | 0.01% | 7.35% | |
| DHI Mortgage Company Limited | 0.02% | 3.30% | |
| Bank of Little Rock | 0.02% | 4.11% | |
| PNC Bank | 0.03% | 0.54% | |
| BankFirst Financial Services | 0.03% | 2.23% | |
| SmartBank | 0.03% | 1.42% | |
| Carrington Mortgage Services | 0.08% | 0.67% | |
| FirstBank TN | 0.08% | 8.43% | |
| loanDepot | 0.08% | 1.42% | |
| Alabama Credit Union | 0.11% | 1.42% | |
| Quicken Loans | 0.11% | 3.51% | |
| Southwest Funding | 0.37% | 4.79% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Alabama Credit Union | -0.17% | 7.36% | |
| First Federal Bank | -0.15% | 14.17% | |
| Renasant Bank | -0.08% | 5.28% | |
| Trustmark National Bank | -0.05% | 4.31% | |
| SmartBank | -0.03% | 1.53% | |
| USAA | -0.02% | 2.22% | |
| Cadence Bank | -0.01% | 1.39% | |
| BancorpSouth Bank | -0.01% | 3.61% | |
| Bank of Little Rock | 0.00% | 4.31% | |
| FirstBank TN | 0.00% | 4.72% | |
| BankFirst Financial Services | 0.00% | 2.50% | |
| Southwest Funding | 0.01% | 0.14% | |
| loanDepot | 0.03% | 3.61% | |
| Carrington Mortgage Services | 0.05% | 3.75% | |
| InterLinc Mortgage Services | 0.07% | 3.61% | |
| Wells Fargo Bank | 0.09% | 4.72% | |
| Quicken Loans | 0.09% | 21.81% | |
| PNC Bank | 0.11% | 3.89% | |
| Regions Bank | 0.11% | 7.08% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Federal Bank | -0.12% | 15.84% | |
| Cadence Bank | -0.09% | 11.70% | |
| Alabama Credit Union | -0.08% | 4.75% | |
| Renasant Bank | -0.04% | 5.08% | |
| Trustmark National Bank | -0.02% | 2.67% | |
| SmartBank | 0.02% | 2.07% | |
| Regions Bank | 0.02% | 8.49% | |
| BancorpSouth Bank | 0.03% | 6.48% | |
| Bank of Little Rock | 0.03% | 3.81% | |
| BankFirst Financial Services | 0.03% | 3.41% | |
| InterLinc Mortgage Services | 0.03% | 7.62% | |
| Wells Fargo Bank | 0.04% | 5.82% | |
| DHI Mortgage Company Limited | 0.04% | 1.14% | |
| USAA | 0.04% | 1.07% | |
| Southwest Funding | 0.04% | 0.47% | |
| loanDepot | 0.04% | 0.87% | |
| Carrington Mortgage Services | 0.05% | 0.74% | |
| FirstBank TN | 0.10% | 7.15% | |
| PNC Bank | 0.12% | 2.27% | |
| Quicken Loans | 0.16% | 8.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Federal Bank | -0.09% | 16.24% | |
| Cadence Bank | -0.08% | 17.51% | |
| Regions Bank | -0.04% | 8.23% | |
| Renasant Bank | -0.01% | 4.32% | |
| Wells Fargo Bank | 0.01% | 5.80% | |
| Trustmark National Bank | 0.02% | 1.90% | |
| InterLinc Mortgage Services | 0.03% | 10.34% | |
| Bank of Little Rock | 0.04% | 3.16% | |
| PNC Bank | 0.04% | 0.74% | |
| BankFirst Financial Services | 0.04% | 3.48% | |
| SmartBank | 0.04% | 2.22% | |
| BancorpSouth Bank | 0.04% | 8.23% | |
| loanDepot | 0.05% | 0.42% | |
| DHI Mortgage Company Limited | 0.06% | 1.79% | |
| Southwest Funding | 0.06% | 0.74% | |
| USAA | 0.07% | 1.05% | |
| Carrington Mortgage Services | 0.09% | 0.11% | |
| Alabama Credit Union | 0.13% | 2.11% | |
| FirstBank TN | 0.13% | 8.65% | |
| Quicken Loans | 0.16% | 2.95% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Alabama Credit Union | -0.18% | 9.31% | |
| First Federal Bank | -0.17% | 15.15% | |
| Renasant Bank | -0.08% | 6.39% | |
| Trustmark National Bank | -0.07% | 4.01% | |
| SmartBank | -0.03% | 1.82% | |
| Cadence Bank | -0.02% | 1.64% | |
| BancorpSouth Bank | -0.01% | 3.47% | |
| USAA | -0.01% | 1.09% | |
| Bank of Little Rock | 0.01% | 4.93% | |
| BankFirst Financial Services | 0.01% | 3.28% | |
| FirstBank TN | 0.01% | 4.56% | |
| loanDepot | 0.02% | 1.64% | |
| Carrington Mortgage Services | 0.02% | 1.82% | |
| Wells Fargo Bank | 0.09% | 5.84% | |
| InterLinc Mortgage Services | 0.10% | 2.92% | |
| PNC Bank | 0.12% | 4.93% | |
| Regions Bank | 0.12% | 8.94% | |
| Quicken Loans | 0.14% | 18.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Federal Bank | -0.15% | 12.73% | |
| Regions Bank | -0.09% | 2.63% | |
| Trustmark National Bank | -0.09% | 5.05% | |
| InterLinc Mortgage Services | -0.08% | 20.40% | |
| Cadence Bank | -0.08% | 2.63% | |
| DHI Mortgage Company Limited | -0.07% | 4.24% | |
| BancorpSouth Bank | -0.05% | 5.66% | |
| FirstBank TN | -0.02% | 7.27% | |
| Bank of Little Rock | -0.02% | 5.45% | |
| Quicken Loans | -0.01% | 11.31% | |
| Renasant Bank | -0.01% | 2.42% | |
| Wells Fargo Bank | 0.04% | 0.20% | |
| loanDepot | 0.05% | 4.24% | |
| Carrington Mortgage Services | 0.07% | 3.64% | |
| Southwest Funding | 0.40% | 12.12% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Federal Bank | -0.16% | 13.61% | |
| Trustmark National Bank | -0.11% | 4.95% | |
| Regions Bank | -0.10% | 3.22% | |
| InterLinc Mortgage Services | -0.09% | 23.02% | |
| Cadence Bank | -0.08% | 3.22% | |
| DHI Mortgage Company Limited | -0.07% | 5.20% | |
| BancorpSouth Bank | -0.06% | 5.94% | |
| FirstBank TN | -0.03% | 8.17% | |
| Bank of Little Rock | -0.02% | 5.94% | |
| Renasant Bank | -0.01% | 2.72% | |
| Carrington Mortgage Services | 0.04% | 1.24% | |
| Wells Fargo Bank | 0.04% | 0.25% | |
| Quicken Loans | 0.04% | 4.70% | |
| loanDepot | 0.08% | 3.22% | |
| Southwest Funding | 0.41% | 14.60% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Federal Bank | -0.04% | 8.79% | |
| Quicken Loans | -0.03% | 40.66% | |
| Bank of Little Rock | -0.00% | 3.30% | |
| Southwest Funding | 0.01% | 1.10% | |
| loanDepot | 0.01% | 8.79% | |
| Trustmark National Bank | 0.01% | 5.49% | |
| Renasant Bank | 0.02% | 1.10% | |
| BancorpSouth Bank | 0.02% | 4.40% | |
| InterLinc Mortgage Services | 0.02% | 8.79% | |
| FirstBank TN | 0.02% | 3.30% | |
| Carrington Mortgage Services | 0.08% | 14.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Regions Bank | -0.02% | 13.04% | |
| FirstBank TN | -0.01% | 13.04% | |
| Trustmark National Bank | -0.01% | 4.35% | |
| Wells Fargo Bank | -0.00% | 8.70% | |
| Alabama Credit Union | -0.00% | 13.04% | |
| PNC Bank | 0.00% | 8.70% | |
| InterLinc Mortgage Services | 0.00% | 4.35% | |
| Cadence Bank | 0.01% | 34.78% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Regions Bank | -0.03% | 12.50% | |
| Wells Fargo Bank | -0.01% | 6.25% | |
| FirstBank TN | -0.01% | 18.75% | |
| Alabama Credit Union | 0.00% | 6.25% | |
| PNC Bank | 0.00% | 6.25% | |
| InterLinc Mortgage Services | 0.00% | 6.25% | |
| Cadence Bank | 0.01% | 43.75% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.01% | 14.29% | |
| Alabama Credit Union | -0.00% | 28.57% | |
| Cadence Bank | -0.00% | 14.29% | |
| PNC Bank | 0.00% | 14.29% | |
| Regions Bank | 0.00% | 14.29% | |
| Wells Fargo Bank | 0.01% | 14.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.05% | 13.23% | |
| Wells Fargo Bank | -0.04% | 4.76% | |
| Trustmark National Bank | -0.04% | 3.70% | |
| InterLinc Mortgage Services | -0.04% | 10.58% | |
| FirstBank TN | -0.03% | 6.88% | |
| BancorpSouth Bank | -0.01% | 5.29% | |
| First Federal Bank | -0.01% | 13.76% | |
| Regions Bank | -0.01% | 1.06% | |
| SmartBank | -0.01% | 0.53% | |
| Renasant Bank | 0.00% | 3.17% | |
| Bank of Little Rock | 0.04% | 4.23% | |
| Quicken Loans | 0.04% | 13.23% | |
| loanDepot | 0.05% | 6.88% | |
| Carrington Mortgage Services | 0.06% | 4.23% | |
| DHI Mortgage Company Limited | 0.07% | 5.82% | |
| Southwest Funding | 0.09% | 2.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.06% | 13.04% | |
| Wells Fargo Bank | -0.04% | 6.96% | |
| InterLinc Mortgage Services | -0.04% | 15.65% | |
| Trustmark National Bank | -0.03% | 3.48% | |
| FirstBank TN | -0.03% | 6.09% | |
| BancorpSouth Bank | -0.01% | 6.09% | |
| Regions Bank | -0.00% | 0.87% | |
| Renasant Bank | 0.01% | 3.48% | |
| First Federal Bank | 0.01% | 13.04% | |
| loanDepot | 0.03% | 3.48% | |
| Quicken Loans | 0.04% | 4.35% | |
| Bank of Little Rock | 0.05% | 6.09% | |
| Carrington Mortgage Services | 0.06% | 3.48% | |
| DHI Mortgage Company Limited | 0.07% | 9.57% | |
| Southwest Funding | 0.09% | 4.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Trustmark National Bank | -0.04% | 4.05% | |
| First Federal Bank | -0.04% | 14.86% | |
| USAA | -0.04% | 13.51% | |
| FirstBank TN | -0.04% | 8.11% | |
| BancorpSouth Bank | -0.02% | 4.05% | |
| SmartBank | -0.02% | 1.35% | |
| Regions Bank | -0.01% | 1.35% | |
| Bank of Little Rock | -0.01% | 1.35% | |
| Renasant Bank | -0.00% | 2.70% | |
| Wells Fargo Bank | 0.00% | 1.35% | |
| InterLinc Mortgage Services | 0.01% | 2.70% | |
| Quicken Loans | 0.03% | 27.03% | |
| loanDepot | 0.05% | 12.16% | |
| Carrington Mortgage Services | 0.06% | 5.41% |
* Data is compiled for the Tuscaloosa, AL commuting zone area, which comprises of counties of Greene County, AL, Hale County, AL, Pickens County, AL, and Tuscaloosa County, AL. This includes cities/towns/communities of Tuscaloosa, AL as well as Northport, AL, Woodstock, AL, Moundville, AL, Brookwood, AL, Holt, AL, Gordo, AL, Moundville, AL, Memphis, AL, Coker, AL, Greensboro, AL, Eutaw, AL, Reform, AL, Akron, AL, Ethelsville, AL, Pickensville, AL, Forkland, AL, Newbern, AL, and Union, 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 Tuscaloosa, AL area. For mortgage lender rankings in other cities, click here.