Which mortgage lender in the Simpsonville, SC 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 Simpsonville, SC 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 Simpsonville, SC area in terms of interest rate is SC State Credit Union, with an average “Rate Difference” of -0.24%. This means that, comparing similar borrowers, SC State Credit Union provided a -0.24% lower interest rate for its customers than other lenders in the area. SC State Credit Union has a market share of 0.6%. On the other hand, the most popular lender in the Simpsonville, SC area is Quicken Loans, with a larger market share of 10.4%. However, Quicken Loans also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.11% compared to those of other lenders. We recommend shopping around before going with this popular lender.
Our detailed ranking of mortgage lenders in the Simpsonville, SC 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 Simpsonville, SC is SC State Credit Union. 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 TD Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Apex Home 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 Simpsonville, SC
Lender Name | Rate Difference | Rate Rating | Market Share |
---|---|---|---|
Wells Fargo Bank | -0.08% | 14.81% | |
Bank of America | -0.05% | 6.88% | |
TD Bank | -0.02% | 3.70% | |
Regions Bank | -0.01% | 5.82% | |
Synovus Bank | -0.01% | 5.29% | |
US Bank | 0.01% | 6.35% | |
Movement Mortgage | 0.01% | 1.59% | |
Sharonview Federal CU | 0.01% | 1.06% | |
Keller Mortgage | 0.02% | 0.53% | |
Homeside Financial | 0.02% | 0.53% | |
HomeBridge Financial Services | 0.02% | 0.53% | |
JPMorgan Chase Bank | 0.02% | 3.17% | |
SunTrust Bank | 0.02% | 12.70% | |
NBKC Bank | 0.02% | 0.53% | |
Guaranteed Rate Affinity | 0.02% | 0.53% | |
PNC Bank | 0.02% | 1.06% | |
Guaranteed Rate | 0.02% | 0.53% | |
Truist Bank | 0.02% | 7.94% | |
Fairway Independent Mortgage Corporation | 0.02% | 0.53% | |
AgFirst Farm Credit Bank | 0.02% | 0.53% | |
Quicken Loans | 0.03% | 2.65% | |
BankSouth Mortgage | 0.03% | 1.59% | |
Acopia Home Loans | 0.03% | 0.53% | |
LendUS LLC | 0.03% | 0.53% | |
PrimeLending | 0.03% | 3.70% | |
Network Funding | 0.03% | 0.53% | |
Navy Federal Credit Union | 0.03% | 0.53% | |
First Citizens Bank | 0.03% | 2.12% | |
SWBC Mortgage | 0.04% | 0.53% | |
Countybank | 0.04% | 0.53% | |
Southern First Bank | 0.04% | 5.82% | |
South State Bank | 0.04% | 2.65% | |
Pinnacle Financial Partners | 0.05% | 2.65% | |
Flagstar Bank | 0.05% | 1.06% |
Lender Name | Rate Difference | Rate Rating | Market Share |
---|---|---|---|
TD Bank | -0.12% | 11.25% | |
Synovus Bank | -0.03% | 3.75% | |
Wells Fargo Bank | -0.02% | 6.88% | |
Truist Bank | -0.01% | 3.75% | |
Bank of America | -0.01% | 8.12% | |
PNC Bank | -0.00% | 1.88% | |
JPMorgan Chase Bank | -0.00% | 5.62% | |
Renasant Bank | -0.00% | 0.62% | |
HomeBridge Financial Services | 0.00% | 0.62% | |
SunTrust Bank | 0.00% | 6.88% | |
Magnolia Bank | 0.01% | 0.62% | |
Guaranteed Rate | 0.01% | 0.62% | |
SC State Credit Union | 0.01% | 1.25% | |
Sharonview Federal CU | 0.01% | 0.62% | |
Flagstar Bank | 0.01% | 0.62% | |
BLMC | 0.01% | 0.62% | |
PrimeLending | 0.01% | 1.88% | |
United Community Bank | 0.02% | 1.88% | |
US Bank | 0.02% | 3.12% | |
Home Point Financial Corporation | 0.02% | 1.25% | |
First Citizens Bank | 0.02% | 2.50% | |
Countybank | 0.02% | 1.25% | |
Benchmark | 0.02% | 1.25% | |
Quicken Loans | 0.03% | 3.12% | |
Ameris Bank | 0.03% | 1.88% | |
Regions Bank | 0.03% | 2.50% | |
Pinnacle Financial Partners | 0.04% | 2.50% | |
Southern First Bank | 0.05% | 13.12% | |
South State Bank | 0.05% | 10.00% |
* Data is compiled for the Simpsonville, SC commuting zone area, which comprises of counties of Abbeville County, SC, Anderson County, SC, Greenville County, SC, Greenwood County, SC, Laurens County, SC, McCormick County, SC, Oconee County, SC, and Pickens County, SC. This includes cities/towns/communities of Simpsonville, SC as well as Greenville, SC, Greer, SC, Five Forks, SC, Mauldin, SC, Anderson, SC, Taylors, SC, Easley, SC, Fountain Inn, SC, Greenwood, SC, Travelers Rest, SC, Wade Hampton, SC, Powdersville, SC, Seneca, SC, Berea, SC, Northlake, SC, Walhalla, SC, Centerville, SC, Clemson, SC, Laurens, SC, Gantt, SC, Salem, SC, Williamston, SC, Tigerville, SC, Fountain Inn, SC, Liberty, SC, Pickens, SC, Pendleton, SC, Golden Grove, SC, Sans Souci, SC, Piedmont, SC, Fair Play, SC, Six Mile, SC, Fair Play, SC, Belton, SC, Central, SC, Welcome, SC, Clinton, SC, Newry, SC, Honea Path, SC, Abbeville, SC, Westminster, SC, Dunean, SC, Starr, SC, Parker, SC, West Pelzer, SC, Ware Place, SC, Mount Carmel, SC, Homeland Park, SC, Ninety Six, SC, and Gray Court, SC. 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 Simpsonville, SC area. For mortgage lender rankings in other cities, click here.