Which mortgage lender in the Hickory, NC 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 Hickory, NC 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 Hickory, NC area in terms of interest rate is Peoples Bank NC, with an average “Rate Difference” of -0.14%. This means that, comparing similar borrowers, Peoples Bank NC provided a -0.14% lower interest rate for its customers than other lenders in the area. Peoples Bank NC has a market share of 3.0%. On the other hand, the most popular lender in the Hickory, NC area is Quicken Loans, with a larger market share of 14.4%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.05% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Hickory, NC 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 Hickory, NC is Peoples Bank NC. 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 Quicken Loans. 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 Hickory, NC
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.12% | 21.85% | |
| Atlantic Bay Mortgage Group | -0.08% | 13.14% | |
| PrimeLending | -0.05% | 0.80% | |
| ALCOVA Mortgage | -0.04% | 4.29% | |
| Bank of America | -0.03% | 0.94% | |
| Fifth Third Bank | -0.03% | 0.54% | |
| Uwharrie Bank | -0.02% | 1.88% | |
| Truist Bank | -0.01% | 0.80% | |
| Highlands Residential Mortgage Ltd | -0.01% | 1.61% | |
| Renasant Bank | -0.01% | 0.54% | |
| Navy Federal Credit Union | -0.00% | 0.13% | |
| First Citizens Bank | -0.00% | 1.07% | |
| First Bank NC and SC | -0.00% | 0.13% | |
| PennyMac Loan Services | 0.00% | 1.07% | |
| Carrington Mortgage Services | 0.01% | 2.41% | |
| Family First Funding | 0.01% | 2.28% | |
| DHI Mortgage Company Limited | 0.01% | 0.80% | |
| Movement Mortgage | 0.02% | 9.92% | |
| SunTrust Bank | 0.02% | 0.40% | |
| Wells Fargo Bank | 0.03% | 0.54% | |
| PNC Bank | 0.03% | 0.40% | |
| Homeside Financial | 0.05% | 3.62% | |
| Fairway Independent Mortgage Corporation | 0.06% | 5.50% | |
| Summit Funding Inc | 0.06% | 1.47% | |
| Guaranteed Rate | 0.07% | 1.21% | |
| Mr. Cooper | 0.09% | 2.95% | |
| loanDepot | 0.09% | 2.68% | |
| Certainty Home Loans | 0.09% | 8.85% | |
| Amerifirst Home Mortgage | 0.15% | 2.68% | |
| Cardinal Financial Company | 0.21% | 5.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.15% | 9.23% | |
| Atlantic Bay Mortgage Group | -0.10% | 16.95% | |
| PrimeLending | -0.07% | 0.94% | |
| ALCOVA Mortgage | -0.06% | 5.84% | |
| Bank of America | -0.05% | 1.13% | |
| Fifth Third Bank | -0.04% | 0.75% | |
| Uwharrie Bank | -0.04% | 2.64% | |
| First Citizens Bank | -0.03% | 0.94% | |
| loanDepot | -0.03% | 0.94% | |
| Renasant Bank | -0.03% | 0.56% | |
| Highlands Residential Mortgage Ltd | -0.03% | 2.26% | |
| Truist Bank | -0.03% | 0.56% | |
| Navy Federal Credit Union | -0.02% | 0.19% | |
| First Bank NC and SC | -0.02% | 0.19% | |
| Family First Funding | -0.01% | 2.26% | |
| DHI Mortgage Company Limited | -0.00% | 1.13% | |
| Carrington Mortgage Services | 0.00% | 0.38% | |
| Movement Mortgage | 0.00% | 13.18% | |
| SunTrust Bank | 0.01% | 0.56% | |
| PennyMac Loan Services | 0.02% | 0.38% | |
| PNC Bank | 0.02% | 0.56% | |
| Wells Fargo Bank | 0.02% | 0.38% | |
| Homeside Financial | 0.04% | 4.14% | |
| Summit Funding Inc | 0.05% | 2.07% | |
| Mr. Cooper | 0.05% | 1.51% | |
| Fairway Independent Mortgage Corporation | 0.05% | 6.59% | |
| Guaranteed Rate | 0.06% | 1.51% | |
| Certainty Home Loans | 0.09% | 11.49% | |
| Amerifirst Home Mortgage | 0.14% | 3.58% | |
| Cardinal Financial Company | 0.21% | 7.16% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.07% | 53.02% | |
| Truist Bank | 0.02% | 1.40% | |
| PennyMac Loan Services | 0.03% | 2.79% | |
| Movement Mortgage | 0.03% | 1.86% | |
| PrimeLending | 0.04% | 0.47% | |
| Renasant Bank | 0.04% | 0.47% | |
| Bank of America | 0.04% | 0.47% | |
| Certainty Home Loans | 0.04% | 2.33% | |
| Carrington Mortgage Services | 0.04% | 7.44% | |
| Atlantic Bay Mortgage Group | 0.05% | 3.72% | |
| Cardinal Financial Company | 0.06% | 1.40% | |
| Wells Fargo Bank | 0.06% | 0.93% | |
| ALCOVA Mortgage | 0.06% | 0.47% | |
| Family First Funding | 0.06% | 2.33% | |
| Guaranteed Rate | 0.06% | 0.47% | |
| First Citizens Bank | 0.06% | 1.40% | |
| Fairway Independent Mortgage Corporation | 0.07% | 2.79% | |
| Homeside Financial | 0.08% | 2.33% | |
| Amerifirst Home Mortgage | 0.09% | 0.47% | |
| Mr. Cooper | 0.14% | 6.51% | |
| loanDepot | 0.17% | 6.98% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 23.08% | |
| Fifth Third Bank | -0.01% | 5.13% | |
| PNC Bank | -0.01% | 5.13% | |
| Truist Bank | 0.00% | 20.51% | |
| First Bank NC and SC | 0.01% | 2.56% | |
| Navy Federal Credit Union | 0.01% | 2.56% | |
| Bank of America | 0.01% | 5.13% | |
| First Citizens Bank | 0.01% | 10.26% | |
| First Horizon Bank | 0.01% | 2.56% | |
| SunTrust Bank | 0.02% | 12.82% | |
| Quicken Loans | 0.02% | 2.56% | |
| Guaranteed Rate | 0.02% | 2.56% | |
| Movement Mortgage | 0.02% | 5.13% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 28.00% | |
| Fifth Third Bank | -0.01% | 8.00% | |
| First Citizens Bank | 0.00% | 8.00% | |
| Navy Federal Credit Union | 0.01% | 4.00% | |
| Bank of America | 0.01% | 4.00% | |
| First Horizon Bank | 0.01% | 4.00% | |
| Truist Bank | 0.01% | 20.00% | |
| Guaranteed Rate | 0.02% | 4.00% | |
| Movement Mortgage | 0.02% | 8.00% | |
| SunTrust Bank | 0.02% | 12.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.02% | 21.43% | |
| Wells Fargo Bank | -0.01% | 14.29% | |
| PNC Bank | -0.00% | 14.29% | |
| SunTrust Bank | 0.01% | 14.29% | |
| First Bank NC and SC | 0.01% | 7.14% | |
| Bank of America | 0.01% | 7.14% | |
| First Citizens Bank | 0.01% | 14.29% | |
| Quicken Loans | 0.02% | 7.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.15% | 7.30% | |
| Truist Bank | -0.06% | 2.92% | |
| USAA | -0.06% | 6.57% | |
| Renasant Bank | -0.03% | 0.49% | |
| PennyMac Loan Services | -0.03% | 5.60% | |
| First Bank NC and SC | -0.02% | 0.24% | |
| First Citizens Bank | -0.01% | 0.97% | |
| Guaranteed Rate | -0.01% | 1.95% | |
| DHI Mortgage Company Limited | -0.00% | 0.97% | |
| Homeside Financial | 0.00% | 3.41% | |
| Wells Fargo Bank | 0.00% | 1.22% | |
| Bank of America | 0.01% | 0.24% | |
| Family First Funding | 0.01% | 0.73% | |
| Certainty Home Loans | 0.01% | 4.38% | |
| Fifth Third Bank | 0.01% | 0.24% | |
| PrimeLending | 0.01% | 0.49% | |
| Movement Mortgage | 0.02% | 6.81% | |
| Atlantic Bay Mortgage Group | 0.02% | 14.84% | |
| SunTrust Bank | 0.02% | 0.73% | |
| ALCOVA Mortgage | 0.02% | 3.16% | |
| Mr. Cooper | 0.02% | 1.46% | |
| Uwharrie Bank | 0.02% | 1.22% | |
| loanDepot | 0.03% | 8.03% | |
| Highlands Residential Mortgage Ltd | 0.03% | 1.70% | |
| Cardinal Financial Company | 0.03% | 1.22% | |
| Quicken Loans | 0.03% | 17.27% | |
| Carrington Mortgage Services | 0.03% | 2.19% | |
| Summit Funding Inc | 0.05% | 0.97% | |
| Fairway Independent Mortgage Corporation | 0.06% | 1.46% | |
| Amerifirst Home Mortgage | 0.08% | 1.22% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.16% | 9.84% | |
| Truist Bank | -0.06% | 4.33% | |
| USAA | -0.05% | 8.27% | |
| Renasant Bank | -0.02% | 0.79% | |
| First Citizens Bank | -0.01% | 1.18% | |
| First Bank NC and SC | -0.01% | 0.39% | |
| DHI Mortgage Company Limited | 0.00% | 1.57% | |
| Homeside Financial | 0.00% | 3.94% | |
| PennyMac Loan Services | 0.00% | 0.79% | |
| Wells Fargo Bank | 0.01% | 1.97% | |
| Guaranteed Rate | 0.01% | 1.97% | |
| Mr. Cooper | 0.01% | 1.18% | |
| Bank of America | 0.01% | 0.39% | |
| loanDepot | 0.02% | 1.18% | |
| Certainty Home Loans | 0.02% | 5.91% | |
| PrimeLending | 0.02% | 0.79% | |
| Atlantic Bay Mortgage Group | 0.02% | 20.87% | |
| Family First Funding | 0.03% | 0.39% | |
| Uwharrie Bank | 0.03% | 1.97% | |
| Quicken Loans | 0.03% | 9.06% | |
| ALCOVA Mortgage | 0.03% | 4.72% | |
| SunTrust Bank | 0.03% | 0.79% | |
| Highlands Residential Mortgage Ltd | 0.03% | 2.76% | |
| Cardinal Financial Company | 0.04% | 1.18% | |
| Carrington Mortgage Services | 0.04% | 0.39% | |
| Summit Funding Inc | 0.05% | 1.57% | |
| Movement Mortgage | 0.06% | 7.48% | |
| Fairway Independent Mortgage Corporation | 0.07% | 2.36% | |
| Amerifirst Home Mortgage | 0.08% | 1.97% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Movement Mortgage | -0.08% | 5.73% | |
| USAA | -0.06% | 3.82% | |
| Navy Federal Credit Union | -0.06% | 3.18% | |
| PennyMac Loan Services | -0.04% | 13.38% | |
| Guaranteed Rate | -0.04% | 1.91% | |
| ALCOVA Mortgage | -0.02% | 0.64% | |
| Family First Funding | -0.01% | 1.27% | |
| Atlantic Bay Mortgage Group | -0.00% | 5.10% | |
| SunTrust Bank | -0.00% | 0.64% | |
| First Citizens Bank | -0.00% | 0.64% | |
| Truist Bank | -0.00% | 0.64% | |
| Fifth Third Bank | 0.00% | 0.64% | |
| Homeside Financial | 0.00% | 2.55% | |
| Certainty Home Loans | 0.01% | 1.91% | |
| loanDepot | 0.02% | 19.11% | |
| Cardinal Financial Company | 0.02% | 1.27% | |
| Carrington Mortgage Services | 0.02% | 5.10% | |
| Mr. Cooper | 0.03% | 1.91% | |
| Quicken Loans | 0.03% | 30.57% |
* Data is compiled for the Hickory, NC commuting zone area, which comprises of counties of Alexander County, NC, Burke County, NC, Caldwell County, NC, Catawba County, NC, and McDowell County, NC. This includes cities/towns/communities of Hickory, NC as well as Lake Norman of Catawba, NC, Marion, NC, Lenoir, NC, Morganton, NC, Conover, NC, Newton, NC, Maiden, NC, Northlakes, NC, Salem, NC, Valdese, NC, Gamewell, NC, Bethlehem, NC, St. Stephens, NC, Sawmills, NC, Old Fort, NC, Taylorsville, NC, Catawba, NC, Icard, NC, Mountain View, NC, Hildebran, NC, Hudson, NC, Long View, NC, Drexel, NC, Glen Alpine, NC, Stony Point, NC, Granite Falls, NC, Blowing Rock, NC, Cedar Rock, NC, and Claremont, NC. 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 Hickory, NC area. For mortgage lender rankings in other cities, click here.