Which mortgage lender in the Roanoke, VA 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 Roanoke, VA 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 Roanoke, VA area in terms of interest rate is Prosperity Home Mortgage LLC, with an average “Rate Difference” of -0.14%. This means that, comparing similar borrowers, Prosperity Home Mortgage LLC provided a -0.14% lower interest rate for its customers than other lenders in the area. Prosperity Home Mortgage LLC has a market share of 4.1%. On the other hand, the most popular lender in the Roanoke, VA area is Atlantic Bay Mortgage Group, with a larger market share of 13.8%. Atlantic Bay Mortgage Group 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 Roanoke, VA 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 Roanoke, VA is Prosperity Home Mortgage LLC. 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 Renasant 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 Roanoke, VA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Renasant Bank | -0.30% | 5.24% | |
| Freedom First Federal Credit Union | -0.18% | 5.05% | |
| Atlantic Bay Mortgage Group | -0.07% | 17.73% | |
| ALCOVA Mortgage | -0.06% | 12.20% | |
| Caliber Home Loans | -0.04% | 0.76% | |
| SWBC Mortgage | -0.03% | 3.62% | |
| SunTrust Bank | -0.02% | 0.38% | |
| Truist Bank | -0.01% | 0.48% | |
| PennyMac Loan Services | -0.00% | 0.19% | |
| Navy Federal Credit Union | 0.01% | 0.10% | |
| First Citizens Bank | 0.01% | 0.38% | |
| Pinnacle Financial Partners | 0.01% | 0.29% | |
| Residential Mortgage Services | 0.02% | 1.05% | |
| CapCenter | 0.02% | 0.10% | |
| The Federal Savings Bank | 0.03% | 1.24% | |
| Prosperity Home Mortgage LLC | 0.04% | 5.82% | |
| Bank of America | 0.04% | 0.19% | |
| OVM Financial | 0.04% | 1.43% | |
| Integrity Home Mortgage Corp | 0.04% | 4.77% | |
| Guaranteed Rate | 0.05% | 2.67% | |
| First Heritage Mortgage | 0.06% | 0.57% | |
| Wells Fargo Bank | 0.06% | 0.19% | |
| Embrace Home Loans | 0.06% | 8.20% | |
| Mr. Cooper | 0.08% | 0.57% | |
| Movement Mortgage | 0.08% | 12.01% | |
| Quicken Loans | 0.09% | 5.15% | |
| Atlantic Union Bank | 0.11% | 2.76% | |
| Carrington Mortgage Services | 0.13% | 0.67% | |
| loanDepot | 0.15% | 2.19% | |
| AnnieMac Home Mortgage | 0.29% | 4.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.04% | 31.33% | |
| Carrington Mortgage Services | -0.04% | 11.16% | |
| Atlantic Bay Mortgage Group | -0.02% | 6.44% | |
| Movement Mortgage | -0.02% | 5.58% | |
| Renasant Bank | -0.02% | 3.00% | |
| Freedom First Federal Credit Union | -0.01% | 1.72% | |
| OVM Financial | -0.01% | 0.86% | |
| loanDepot | -0.00% | 2.58% | |
| Caliber Home Loans | -0.00% | 0.86% | |
| PennyMac Loan Services | 0.00% | 2.15% | |
| Guaranteed Rate | 0.01% | 1.29% | |
| Truist Bank | 0.01% | 0.43% | |
| Integrity Home Mortgage Corp | 0.01% | 1.29% | |
| SunTrust Bank | 0.02% | 0.43% | |
| AnnieMac Home Mortgage | 0.02% | 2.58% | |
| Amerisave Mortgage Corporation | 0.02% | 1.72% | |
| JPMorgan Chase Bank | 0.02% | 0.86% | |
| First Citizens Bank | 0.03% | 0.43% | |
| Residential Mortgage Services | 0.03% | 0.43% | |
| First Heritage Mortgage | 0.03% | 0.43% | |
| Prosperity Home Mortgage LLC | 0.04% | 0.43% | |
| Atlantic Union Bank | 0.04% | 1.29% | |
| Embrace Home Loans | 0.04% | 9.44% | |
| ALCOVA Mortgage | 0.06% | 4.72% | |
| Mr. Cooper | 0.15% | 8.58% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.04% | 19.05% | |
| Bank of America | -0.01% | 10.71% | |
| Truist Bank | -0.01% | 8.33% | |
| SunTrust Bank | -0.00% | 9.52% | |
| Freedom First Federal Credit Union | 0.01% | 5.95% | |
| Guaranteed Rate | 0.01% | 1.19% | |
| First Citizens Bank | 0.01% | 9.52% | |
| JPMorgan Chase Bank | 0.01% | 4.76% | |
| Member One Federal Credit Union | 0.01% | 1.19% | |
| Movement Mortgage | 0.01% | 1.19% | |
| Navy Federal Credit Union | 0.01% | 4.76% | |
| Prosperity Home Mortgage LLC | 0.02% | 2.38% | |
| Quicken Loans | 0.02% | 1.19% | |
| Pinnacle Financial Partners | 0.02% | 5.95% | |
| USAA | 0.03% | 1.19% | |
| Renasant Bank | 0.03% | 1.19% | |
| Atlantic Bay Mortgage Group | 0.03% | 5.95% | |
| Atlantic Union Bank | 0.03% | 5.95% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.04% | 22.39% | |
| Truist Bank | -0.01% | 8.96% | |
| SunTrust Bank | -0.00% | 10.45% | |
| Freedom First Federal Credit Union | 0.00% | 4.48% | |
| Guaranteed Rate | 0.01% | 1.49% | |
| First Citizens Bank | 0.01% | 10.45% | |
| JPMorgan Chase Bank | 0.01% | 5.97% | |
| Bank of America | 0.01% | 2.99% | |
| Movement Mortgage | 0.02% | 1.49% | |
| Navy Federal Credit Union | 0.02% | 5.97% | |
| Prosperity Home Mortgage LLC | 0.02% | 2.99% | |
| Pinnacle Financial Partners | 0.02% | 4.48% | |
| USAA | 0.03% | 1.49% | |
| Renasant Bank | 0.03% | 1.49% | |
| Atlantic Bay Mortgage Group | 0.03% | 7.46% | |
| Atlantic Union Bank | 0.03% | 7.46% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of America | -0.02% | 41.18% | |
| Truist Bank | 0.01% | 5.88% | |
| Wells Fargo Bank | 0.01% | 5.88% | |
| Member One Federal Credit Union | 0.01% | 5.88% | |
| First Citizens Bank | 0.01% | 5.88% | |
| SunTrust Bank | 0.01% | 5.88% | |
| Freedom First Federal Credit Union | 0.01% | 11.76% | |
| Quicken Loans | 0.02% | 5.88% | |
| Pinnacle Financial Partners | 0.03% | 11.76% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.14% | 6.74% | |
| Renasant Bank | -0.11% | 5.10% | |
| Freedom First Federal Credit Union | -0.08% | 3.64% | |
| USAA | -0.06% | 8.93% | |
| loanDepot | -0.05% | 4.92% | |
| Caliber Home Loans | -0.03% | 2.00% | |
| PennyMac Loan Services | -0.03% | 3.10% | |
| Wells Fargo Bank | -0.01% | 2.55% | |
| Prosperity Home Mortgage LLC | -0.01% | 3.10% | |
| Truist Bank | -0.01% | 1.09% | |
| Residential Mortgage Services | -0.00% | 0.73% | |
| Atlantic Bay Mortgage Group | -0.00% | 9.65% | |
| OVM Financial | -0.00% | 0.55% | |
| Amerisave Mortgage Corporation | 0.00% | 0.18% | |
| Bank of America | 0.00% | 0.18% | |
| Atlantic Union Bank | 0.01% | 0.36% | |
| SunTrust Bank | 0.01% | 1.28% | |
| First Citizens Bank | 0.01% | 0.36% | |
| Guaranteed Rate | 0.01% | 0.91% | |
| First Heritage Mortgage | 0.01% | 0.91% | |
| SWBC Mortgage | 0.02% | 1.28% | |
| Pinnacle Financial Partners | 0.03% | 0.18% | |
| Movement Mortgage | 0.03% | 6.38% | |
| Carrington Mortgage Services | 0.04% | 3.10% | |
| AnnieMac Home Mortgage | 0.05% | 1.09% | |
| Integrity Home Mortgage Corp | 0.07% | 1.64% | |
| ALCOVA Mortgage | 0.07% | 8.20% | |
| The Federal Savings Bank | 0.07% | 2.73% | |
| Embrace Home Loans | 0.07% | 4.55% | |
| Quicken Loans | 0.08% | 12.20% | |
| Mr. Cooper | 0.11% | 2.37% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.15% | 9.62% | |
| Renasant Bank | -0.11% | 7.87% | |
| Freedom First Federal Credit Union | -0.09% | 4.08% | |
| USAA | -0.06% | 11.08% | |
| Truist Bank | -0.02% | 0.87% | |
| Wells Fargo Bank | -0.00% | 4.08% | |
| Prosperity Home Mortgage LLC | -0.00% | 4.08% | |
| Residential Mortgage Services | 0.00% | 0.87% | |
| Atlantic Bay Mortgage Group | 0.00% | 12.83% | |
| OVM Financial | 0.01% | 0.87% | |
| Bank of America | 0.01% | 0.29% | |
| Caliber Home Loans | 0.01% | 0.58% | |
| Atlantic Union Bank | 0.01% | 0.58% | |
| First Citizens Bank | 0.02% | 0.58% | |
| SunTrust Bank | 0.02% | 1.46% | |
| Guaranteed Rate | 0.02% | 1.17% | |
| First Heritage Mortgage | 0.02% | 1.17% | |
| SWBC Mortgage | 0.03% | 2.04% | |
| The Federal Savings Bank | 0.05% | 0.58% | |
| Carrington Mortgage Services | 0.05% | 0.58% | |
| Quicken Loans | 0.06% | 4.66% | |
| loanDepot | 0.06% | 1.17% | |
| AnnieMac Home Mortgage | 0.06% | 1.46% | |
| Integrity Home Mortgage Corp | 0.07% | 2.62% | |
| Movement Mortgage | 0.08% | 6.41% | |
| Embrace Home Loans | 0.08% | 6.12% | |
| ALCOVA Mortgage | 0.11% | 9.62% | |
| Mr. Cooper | 0.13% | 2.62% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.08% | 11.17% | |
| USAA | -0.07% | 5.34% | |
| Caliber Home Loans | -0.05% | 4.37% | |
| Freedom First Federal Credit Union | -0.05% | 2.91% | |
| Movement Mortgage | -0.04% | 6.31% | |
| ALCOVA Mortgage | -0.04% | 5.83% | |
| PennyMac Loan Services | -0.04% | 8.25% | |
| Navy Federal Credit Union | -0.03% | 1.94% | |
| Guaranteed Rate | -0.02% | 0.49% | |
| First Heritage Mortgage | -0.01% | 0.49% | |
| Amerisave Mortgage Corporation | -0.01% | 0.49% | |
| SunTrust Bank | -0.01% | 0.97% | |
| Renasant Bank | -0.01% | 0.49% | |
| Residential Mortgage Services | -0.01% | 0.49% | |
| Prosperity Home Mortgage LLC | -0.00% | 1.46% | |
| Truist Bank | 0.00% | 1.46% | |
| Atlantic Bay Mortgage Group | 0.00% | 4.37% | |
| Pinnacle Financial Partners | 0.02% | 0.49% | |
| AnnieMac Home Mortgage | 0.02% | 0.49% | |
| Embrace Home Loans | 0.03% | 1.94% | |
| Carrington Mortgage Services | 0.03% | 7.28% | |
| The Federal Savings Bank | 0.06% | 6.31% | |
| Mr. Cooper | 0.07% | 1.94% | |
| Quicken Loans | 0.07% | 24.76% |
* Data is compiled for the Roanoke, VA commuting zone area, which comprises of counties of Botetourt County, VA, Craig County, VA, Floyd County, VA, Franklin County, VA, Giles County, VA, Montgomery County, VA, Pulaski County, VA, Roanoke County, VA, Radford city, VA, Roanoke city, VA, and Salem city, VA. This includes cities/towns/communities of Roanoke, VA as well as Cave Spring, VA, Christiansburg, VA, Salem, VA, Blacksburg, VA, Hollins, VA, Vinton, VA, North Shore, VA, Pulaski, VA, Daleville, VA, Blue Ridge, VA, Rocky Mount, VA, Westlake Corner, VA, Radford, VA, Glenvar, VA, Plum Creek, VA, Floyd, VA, Henry Fork, VA, Pearisburg, VA, Boones Mill, VA, Fairlawn, VA, Cloverdale, VA, Prices Fork, VA, Dublin, VA, Union Hall, VA, Ferrum, VA, Buchanan, VA, New Castle, VA, Fincastle, VA, Hiwassee, VA, Shawsville, VA, Troutville, VA, Pembroke, VA, and Merrimac, VA. 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 Roanoke, VA area. For mortgage lender rankings in other cities, click here.