Which mortgage lender in the Fort Mill, 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 Fort Mill, 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 Fort Mill, SC area in terms of interest rate is Bank of America, with an average “Rate Difference” of -0.20%. This means that, comparing similar borrowers, Bank of America provided a -0.20% lower interest rate for its customers than other lenders in the area. Bank of America has a market share of 4.2%. On the other hand, the most popular lender in the Fort Mill, SC area is Quicken Loans, with a larger market share of 14.0%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.09% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Fort Mill, 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 Fort Mill, SC is Bank of America. 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 Sharonview Federal CU. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Federal Bank of Florida. 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 Fort Mill, SC
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Sharonview Federal CU | -0.04% | 5.30% | |
| Wells Fargo Bank | -0.03% | 24.50% | |
| Fifth Third Bank | -0.02% | 3.97% | |
| Bank of America | -0.01% | 9.93% | |
| Truist Bank | -0.01% | 12.58% | |
| Pulte Mortgage LLC | 0.00% | 4.64% | |
| US Bank | 0.01% | 0.66% | |
| Guaranteed Rate Affinity | 0.01% | 1.32% | |
| NewRez | 0.02% | 0.66% | |
| First Citizens Bank | 0.02% | 0.66% | |
| Guaranteed Rate | 0.02% | 0.66% | |
| Fairway Independent Mortgage Corporation | 0.02% | 2.65% | |
| PNC Bank | 0.02% | 1.32% | |
| SunTrust Bank | 0.02% | 7.28% | |
| Allen Tate Mortgage | 0.02% | 0.66% | |
| Cardinal Financial Company | 0.02% | 1.32% | |
| American Security Mortgage | 0.02% | 1.32% | |
| Primary Residential Mortgage Inc | 0.03% | 0.66% | |
| Cornerstone Home Lending | 0.03% | 0.66% | |
| loanDepot | 0.03% | 1.32% | |
| Quicken Loans | 0.03% | 2.65% | |
| Movement Mortgage | 0.04% | 1.99% | |
| South State Bank | 0.04% | 2.65% | |
| Navy Federal Credit Union | 0.05% | 2.65% | |
| Caliber Home Loans | 0.05% | 0.66% | |
| JPMorgan Chase Bank | 0.05% | 5.30% | |
| Atlantic Bay Mortgage Group | 0.06% | 1.99% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Sharonview Federal CU | -0.04% | 3.88% | |
| Wells Fargo Bank | -0.04% | 32.04% | |
| Truist Bank | -0.01% | 9.71% | |
| Bank of America | -0.01% | 7.77% | |
| Pulte Mortgage LLC | 0.00% | 6.80% | |
| Fifth Third Bank | 0.01% | 0.97% | |
| US Bank | 0.02% | 0.97% | |
| Guaranteed Rate Affinity | 0.02% | 1.94% | |
| SunTrust Bank | 0.02% | 7.77% | |
| Guaranteed Rate | 0.02% | 0.97% | |
| Fairway Independent Mortgage Corporation | 0.02% | 2.91% | |
| PNC Bank | 0.03% | 1.94% | |
| Allen Tate Mortgage | 0.03% | 0.97% | |
| Cardinal Financial Company | 0.03% | 1.94% | |
| Cornerstone Home Lending | 0.03% | 0.97% | |
| American Security Mortgage | 0.04% | 0.97% | |
| Quicken Loans | 0.04% | 2.91% | |
| Movement Mortgage | 0.04% | 2.91% | |
| Navy Federal Credit Union | 0.05% | 3.88% | |
| Atlantic Bay Mortgage Group | 0.06% | 2.91% | |
| JPMorgan Chase Bank | 0.08% | 4.85% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.03% | 10.42% | |
| Sharonview Federal CU | -0.03% | 8.33% | |
| Bank of America | -0.02% | 14.58% | |
| Truist Bank | -0.01% | 18.75% | |
| JPMorgan Chase Bank | -0.00% | 6.25% | |
| NewRez | 0.01% | 2.08% | |
| Fairway Independent Mortgage Corporation | 0.01% | 2.08% | |
| First Citizens Bank | 0.01% | 2.08% | |
| American Security Mortgage | 0.01% | 2.08% | |
| Primary Residential Mortgage Inc | 0.02% | 2.08% | |
| Wells Fargo Bank | 0.02% | 8.33% | |
| loanDepot | 0.02% | 4.17% | |
| Quicken Loans | 0.03% | 2.08% | |
| SunTrust Bank | 0.04% | 6.25% | |
| South State Bank | 0.04% | 8.33% | |
| Caliber Home Loans | 0.04% | 2.08% |
* Data is compiled for the Fort Mill, SC commuting zone area, which comprises of counties of Chester County, SC, Lancaster County, SC, and York County, SC. This includes cities/towns/communities of Fort Mill, SC as well as Rock Hill, SC, Lake Wylie, SC, Tega Cay, SC, York, SC, Clover, SC, India Hook, SC, Newport, SC, Elgin, SC, Lesslie, SC, Lancaster, SC, Catawba, SC, Kershaw, SC, Fort Lawn, SC, Sharon, SC, McConnells, SC, Heath Springs, SC, Chester, SC, Eureka Mill, SC, Springdale, SC, Richburg, SC, Gayle Mill, SC, Lowrys, SC, and Great Falls, 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 Fort Mill, SC area. For mortgage lender rankings in other cities, click here.