Which mortgage lender in the Newnan, GA 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 Newnan, GA 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 Newnan, GA area in terms of interest rate is Delta Community Credit Union, with an average “Rate Difference” of -0.28%. This means that, comparing similar borrowers, Delta Community Credit Union provided a -0.28% lower interest rate for its customers than other lenders in the area. Delta Community Credit Union has a market share of 6.8%. On the other hand, the most popular lender in the Newnan, GA 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 +0.08% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Newnan, GA 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 Newnan, GA is Delta Community 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 Prosperity Home Mortgage LLC. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Flagstar 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 Newnan, GA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.06% | 46.12% | |
| Flagstar Bank | -0.02% | 2.59% | |
| Ameris Bank | 0.02% | 1.29% | |
| PennyMac Loan Services | 0.02% | 4.74% | |
| Fairway Independent Mortgage Corporation | 0.03% | 3.88% | |
| CenterState Bank | 0.03% | 2.16% | |
| Navy Federal Credit Union | 0.04% | 0.43% | |
| Carrington Mortgage Services | 0.04% | 7.33% | |
| Caliber Home Loans | 0.04% | 0.86% | |
| PNC Bank | 0.04% | 0.43% | |
| Atlantic Bay Mortgage Group | 0.04% | 0.43% | |
| Success Mortgage Partners | 0.04% | 0.86% | |
| United Community Bank | 0.04% | 0.43% | |
| CMG Financial | 0.04% | 1.29% | |
| SunTrust Bank | 0.05% | 0.43% | |
| SWBC Mortgage | 0.05% | 0.43% | |
| Wells Fargo Bank | 0.05% | 0.43% | |
| Freedom Mortgage Corporation | 0.05% | 2.16% | |
| Magnolia Bank | 0.06% | 0.43% | |
| JPMorgan Chase Bank | 0.06% | 0.43% | |
| Renasant Bank | 0.06% | 1.29% | |
| Movement Mortgage | 0.07% | 0.43% | |
| Regions Bank | 0.07% | 0.43% | |
| HomeBridge Financial Services | 0.07% | 0.86% | |
| HomeStar Financial | 0.07% | 3.02% | |
| New American Funding | 0.07% | 0.43% | |
| Primary Residential Mortgage Inc | 0.08% | 0.86% | |
| Mr. Cooper | 0.08% | 8.19% | |
| loanDepot | 0.12% | 7.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Prosperity Home Mortgage LLC | -0.02% | 6.90% | |
| BankSouth Mortgage | -0.01% | 3.45% | |
| Delta Community Credit Union | -0.01% | 10.34% | |
| SunTrust Bank | -0.01% | 3.45% | |
| Wells Fargo Bank | -0.00% | 17.24% | |
| Truist Bank | -0.00% | 6.90% | |
| Regions Bank | -0.00% | 6.90% | |
| Quicken Loans | 0.00% | 3.45% | |
| Bank of America | 0.00% | 24.14% | |
| JPMorgan Chase Bank | 0.01% | 3.45% | |
| Atlantic Bay Mortgage Group | 0.01% | 3.45% | |
| Navy Federal Credit Union | 0.01% | 3.45% | |
| Fairway Independent Mortgage Corporation | 0.02% | 6.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Prosperity Home Mortgage LLC | -0.02% | 11.76% | |
| SunTrust Bank | -0.00% | 5.88% | |
| Wells Fargo Bank | -0.00% | 29.41% | |
| Delta Community Credit Union | 0.00% | 5.88% | |
| Bank of America | 0.00% | 23.53% | |
| Regions Bank | 0.00% | 5.88% | |
| Truist Bank | 0.00% | 5.88% | |
| Atlantic Bay Mortgage Group | 0.01% | 5.88% | |
| Navy Federal Credit Union | 0.02% | 5.88% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| BankSouth Mortgage | -0.01% | 8.33% | |
| Delta Community Credit Union | -0.01% | 16.67% | |
| Truist Bank | -0.01% | 8.33% | |
| Regions Bank | -0.00% | 8.33% | |
| Quicken Loans | -0.00% | 8.33% | |
| JPMorgan Chase Bank | 0.00% | 8.33% | |
| Bank of America | 0.00% | 25.00% | |
| Fairway Independent Mortgage Corporation | 0.02% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.07% | 5.97% | |
| Caliber Home Loans | -0.05% | 4.48% | |
| PennyMac Loan Services | -0.05% | 7.46% | |
| Guild Mortgage Company | -0.03% | 2.49% | |
| USAA | -0.03% | 10.95% | |
| Navy Federal Credit Union | -0.03% | 1.99% | |
| HomeBridge Financial Services | -0.03% | 3.48% | |
| Prosperity Home Mortgage LLC | -0.02% | 1.49% | |
| Magnolia Bank | -0.02% | 1.49% | |
| CMG Financial | -0.02% | 1.00% | |
| Fairway Independent Mortgage Corporation | -0.02% | 3.98% | |
| Ameris Bank | -0.01% | 2.49% | |
| New American Funding | -0.01% | 1.00% | |
| First Choice Loan Services | -0.01% | 0.50% | |
| Movement Mortgage | -0.00% | 1.49% | |
| HomeStar Financial | 0.00% | 2.49% | |
| Capital City Home Loans | 0.00% | 0.50% | |
| JPMorgan Chase Bank | 0.00% | 0.50% | |
| Flagstar Bank | 0.00% | 1.49% | |
| SunTrust Bank | 0.00% | 0.50% | |
| Primary Residential Mortgage Inc | 0.01% | 0.50% | |
| Carrington Mortgage Services | 0.03% | 4.48% | |
| Quicken Loans | 0.04% | 30.85% | |
| Mr. Cooper | 0.05% | 2.49% | |
| Freedom Mortgage Corporation | 0.07% | 5.97% |
* Data is compiled for the Newnan, GA commuting zone area, which comprises of counties of Chambers County, AL, Randolph County, AL, Coweta County, GA, Heard County, GA, and Troup County, GA. This includes cities/towns/communities of Newnan, GA as well as LaGrange, GA, Haralson, GA, Grantville, GA, Palmetto, GA, Sharpsburg, GA, Valley, AL, Hogansville, GA, Wedowee, AL, Lanett, AL, West Point, GA, Franklin, GA, Morrison Crossroads, AL, Ephesus, GA, Waverly, AL, Roanoke, AL, Rock Mills, AL, Graham, AL, Penton, AL, and Wadley, 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 Newnan, GA area. For mortgage lender rankings in other cities, click here.