Which mortgage lender in the Lynchburg, 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 Lynchburg, 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 Lynchburg, VA area in terms of interest rate is Movement Mortgage, with an average “Rate Difference” of -0.14%. This means that, comparing similar borrowers, Movement Mortgage provided a -0.14% lower interest rate for its customers than other lenders in the area. Movement Mortgage has a market share of 13.6%. On the other hand, the most popular lender in the Lynchburg, VA area is Quicken Loans, with a larger market share of 16.6%. However, Quicken Loans also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.12% compared to those of other lenders. We recommend shopping around before going with this popular lender.
Our detailed ranking of mortgage lenders in the Lynchburg, 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 Lynchburg, VA is Movement Mortgage. 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 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 Lynchburg, VA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Movement Mortgage | -0.14% | 13.55% | |
| Atlantic Bay Mortgage Group | -0.10% | 8.30% | |
| McLean Mortgage Corporation | -0.09% | 3.60% | |
| Truist Bank | -0.06% | 4.36% | |
| Prosperity Home Mortgage LLC | -0.06% | 2.33% | |
| Renasant Bank | -0.03% | 6.35% | |
| Navy Federal Credit Union | -0.03% | 1.34% | |
| USAA | -0.03% | 2.23% | |
| Apex Home Loans | -0.02% | 2.92% | |
| Cardinal Financial Company | -0.02% | 2.26% | |
| C&F Mortgage Corp | -0.02% | 1.27% | |
| Bank of America | -0.02% | 1.58% | |
| Caliber Home Loans | 0.01% | 1.06% | |
| SunTrust Bank | 0.01% | 1.58% | |
| Member One Federal Credit Union | 0.02% | 1.10% | |
| ALCOVA Mortgage | 0.03% | 1.89% | |
| Wells Fargo Bank | 0.03% | 6.11% | |
| Carrington Mortgage Services | 0.04% | 1.27% | |
| Assurance Financial | 0.05% | 2.54% | |
| Embrace Home Loans | 0.05% | 6.38% | |
| First Reliance Bank | 0.06% | 1.17% | |
| First Bank and Trust Company | 0.06% | 2.40% | |
| Mr. Cooper | 0.11% | 1.10% | |
| Quicken Loans | 0.12% | 16.57% | |
| loanDepot | 0.12% | 6.76% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Movement Mortgage | -0.13% | 18.34% | |
| Atlantic Bay Mortgage Group | -0.10% | 9.96% | |
| McLean Mortgage Corporation | -0.07% | 4.58% | |
| Prosperity Home Mortgage LLC | -0.04% | 3.16% | |
| Renasant Bank | -0.03% | 6.53% | |
| Wells Fargo Bank | -0.02% | 5.27% | |
| Navy Federal Credit Union | -0.02% | 1.58% | |
| Truist Bank | -0.01% | 3.27% | |
| USAA | 0.00% | 2.85% | |
| Apex Home Loans | 0.00% | 2.90% | |
| C&F Mortgage Corp | 0.00% | 1.84% | |
| Cardinal Financial Company | 0.01% | 2.16% | |
| Bank of America | 0.02% | 1.63% | |
| SunTrust Bank | 0.04% | 1.32% | |
| Caliber Home Loans | 0.05% | 0.79% | |
| ALCOVA Mortgage | 0.07% | 2.42% | |
| Mr. Cooper | 0.07% | 0.32% | |
| Embrace Home Loans | 0.08% | 8.06% | |
| Carrington Mortgage Services | 0.09% | 0.16% | |
| Member One Federal Credit Union | 0.09% | 0.47% | |
| First Bank and Trust Company | 0.11% | 2.11% | |
| Assurance Financial | 0.11% | 2.58% | |
| Quicken Loans | 0.12% | 9.48% | |
| First Reliance Bank | 0.12% | 1.05% | |
| loanDepot | 0.19% | 7.17% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.14% | 6.39% | |
| Bank of America | -0.10% | 1.47% | |
| Cardinal Financial Company | -0.08% | 2.46% | |
| Apex Home Loans | -0.08% | 2.95% | |
| Assurance Financial | -0.07% | 2.46% | |
| McLean Mortgage Corporation | -0.07% | 1.77% | |
| USAA | -0.06% | 1.08% | |
| Caliber Home Loans | -0.06% | 1.57% | |
| Atlantic Bay Mortgage Group | -0.06% | 5.21% | |
| First Reliance Bank | -0.05% | 1.38% | |
| Movement Mortgage | -0.05% | 4.62% | |
| C&F Mortgage Corp | -0.05% | 0.20% | |
| Navy Federal Credit Union | -0.05% | 0.88% | |
| Member One Federal Credit Union | -0.05% | 2.26% | |
| SunTrust Bank | -0.04% | 2.06% | |
| ALCOVA Mortgage | -0.04% | 0.88% | |
| Renasant Bank | -0.04% | 6.00% | |
| Prosperity Home Mortgage LLC | -0.03% | 0.79% | |
| loanDepot | -0.02% | 6.00% | |
| Carrington Mortgage Services | -0.01% | 3.34% | |
| First Bank and Trust Company | -0.01% | 2.95% | |
| Embrace Home Loans | -0.00% | 3.24% | |
| Mr. Cooper | 0.07% | 2.56% | |
| Quicken Loans | 0.08% | 29.79% | |
| Wells Fargo Bank | 0.09% | 7.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Movement Mortgage | -0.20% | 13.09% | |
| Atlantic Bay Mortgage Group | -0.12% | 8.48% | |
| McLean Mortgage Corporation | -0.10% | 3.97% | |
| Prosperity Home Mortgage LLC | -0.09% | 2.35% | |
| C&F Mortgage Corp | -0.06% | 1.13% | |
| Truist Bank | -0.06% | 5.69% | |
| Bank of America | -0.02% | 1.67% | |
| Renasant Bank | -0.01% | 7.55% | |
| Apex Home Loans | -0.00% | 2.55% | |
| ALCOVA Mortgage | 0.01% | 1.47% | |
| Caliber Home Loans | 0.01% | 0.83% | |
| SunTrust Bank | 0.01% | 1.81% | |
| Carrington Mortgage Services | 0.02% | 0.34% | |
| Cardinal Financial Company | 0.02% | 1.47% | |
| Member One Federal Credit Union | 0.03% | 1.57% | |
| Wells Fargo Bank | 0.04% | 8.09% | |
| USAA | 0.05% | 1.27% | |
| Navy Federal Credit Union | 0.05% | 0.88% | |
| Embrace Home Loans | 0.06% | 4.95% | |
| First Reliance Bank | 0.07% | 1.67% | |
| Assurance Financial | 0.07% | 2.50% | |
| First Bank and Trust Company | 0.07% | 3.43% | |
| loanDepot | 0.10% | 5.15% | |
| Quicken Loans | 0.16% | 17.25% | |
| Mr. Cooper | 0.17% | 0.83% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Movement Mortgage | -0.19% | 18.37% | |
| Atlantic Bay Mortgage Group | -0.12% | 9.77% | |
| McLean Mortgage Corporation | -0.08% | 5.16% | |
| Prosperity Home Mortgage LLC | -0.07% | 3.28% | |
| C&F Mortgage Corp | -0.02% | 1.64% | |
| Wells Fargo Bank | -0.00% | 7.11% | |
| Truist Bank | 0.01% | 4.22% | |
| Renasant Bank | 0.01% | 7.74% | |
| Bank of America | 0.03% | 1.64% | |
| ALCOVA Mortgage | 0.05% | 1.88% | |
| SunTrust Bank | 0.05% | 1.49% | |
| Apex Home Loans | 0.05% | 2.50% | |
| Caliber Home Loans | 0.06% | 0.78% | |
| Embrace Home Loans | 0.09% | 6.41% | |
| USAA | 0.10% | 1.80% | |
| Navy Federal Credit Union | 0.10% | 1.09% | |
| Mr. Cooper | 0.10% | 0.16% | |
| Cardinal Financial Company | 0.11% | 1.25% | |
| Member One Federal Credit Union | 0.11% | 0.70% | |
| First Bank and Trust Company | 0.13% | 3.13% | |
| First Reliance Bank | 0.15% | 1.56% | |
| Quicken Loans | 0.16% | 10.01% | |
| Assurance Financial | 0.17% | 2.35% | |
| loanDepot | 0.17% | 5.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.15% | 8.15% | |
| Bank of America | -0.12% | 1.71% | |
| Cardinal Financial Company | -0.10% | 1.84% | |
| Apex Home Loans | -0.10% | 2.63% | |
| Assurance Financial | -0.09% | 2.76% | |
| McLean Mortgage Corporation | -0.09% | 1.97% | |
| Movement Mortgage | -0.08% | 4.20% | |
| Caliber Home Loans | -0.07% | 0.92% | |
| Atlantic Bay Mortgage Group | -0.07% | 6.31% | |
| First Reliance Bank | -0.06% | 1.84% | |
| ALCOVA Mortgage | -0.06% | 0.79% | |
| USAA | -0.06% | 0.39% | |
| SunTrust Bank | -0.06% | 2.37% | |
| Carrington Mortgage Services | -0.06% | 0.92% | |
| C&F Mortgage Corp | -0.06% | 0.26% | |
| Member One Federal Credit Union | -0.05% | 3.02% | |
| Prosperity Home Mortgage LLC | -0.04% | 0.79% | |
| loanDepot | -0.04% | 3.81% | |
| Renasant Bank | -0.04% | 7.23% | |
| Navy Federal Credit Union | -0.04% | 0.53% | |
| First Bank and Trust Company | -0.02% | 3.94% | |
| Embrace Home Loans | 0.02% | 2.50% | |
| Wells Fargo Bank | 0.08% | 9.72% | |
| Mr. Cooper | 0.11% | 1.97% | |
| Quicken Loans | 0.11% | 29.43% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Renasant Bank | -0.16% | 3.74% | |
| Cardinal Financial Company | -0.11% | 4.59% | |
| Atlantic Bay Mortgage Group | -0.09% | 10.03% | |
| Apex Home Loans | -0.08% | 4.76% | |
| Movement Mortgage | -0.03% | 16.84% | |
| McLean Mortgage Corporation | -0.03% | 3.40% | |
| Truist Bank | -0.02% | 1.19% | |
| Bank of America | -0.01% | 0.85% | |
| Assurance Financial | 0.00% | 3.06% | |
| Caliber Home Loans | 0.00% | 0.85% | |
| Quicken Loans | 0.00% | 14.97% | |
| SunTrust Bank | 0.01% | 0.85% | |
| Mr. Cooper | 0.03% | 2.04% | |
| C&F Mortgage Corp | 0.03% | 2.21% | |
| Embrace Home Loans | 0.04% | 11.39% | |
| Prosperity Home Mortgage LLC | 0.05% | 2.04% | |
| Carrington Mortgage Services | 0.05% | 2.72% | |
| ALCOVA Mortgage | 0.05% | 3.40% | |
| loanDepot | 0.19% | 11.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Renasant Bank | -0.20% | 3.57% | |
| Cardinal Financial Company | -0.14% | 4.02% | |
| Apex Home Loans | -0.10% | 4.24% | |
| Atlantic Bay Mortgage Group | -0.09% | 12.28% | |
| Movement Mortgage | -0.03% | 20.98% | |
| McLean Mortgage Corporation | -0.03% | 4.46% | |
| Truist Bank | -0.03% | 1.34% | |
| Bank of America | -0.01% | 1.12% | |
| Caliber Home Loans | -0.00% | 0.45% | |
| Assurance Financial | 0.00% | 3.57% | |
| Mr. Cooper | 0.00% | 0.45% | |
| Quicken Loans | 0.01% | 8.04% | |
| SunTrust Bank | 0.01% | 0.89% | |
| C&F Mortgage Corp | 0.03% | 2.90% | |
| Carrington Mortgage Services | 0.04% | 0.67% | |
| Embrace Home Loans | 0.04% | 13.39% | |
| Prosperity Home Mortgage LLC | 0.05% | 2.46% | |
| ALCOVA Mortgage | 0.06% | 4.02% | |
| loanDepot | 0.22% | 11.16% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Renasant Bank | -0.07% | 4.29% | |
| Cardinal Financial Company | -0.06% | 6.43% | |
| Apex Home Loans | -0.04% | 6.43% | |
| Atlantic Bay Mortgage Group | -0.02% | 2.86% | |
| Quicken Loans | -0.01% | 37.14% | |
| Truist Bank | -0.01% | 0.71% | |
| Caliber Home Loans | -0.01% | 2.14% | |
| SunTrust Bank | -0.00% | 0.71% | |
| Assurance Financial | -0.00% | 1.43% | |
| Prosperity Home Mortgage LLC | -0.00% | 0.71% | |
| Embrace Home Loans | 0.00% | 5.00% | |
| ALCOVA Mortgage | 0.00% | 1.43% | |
| Mr. Cooper | 0.02% | 7.14% | |
| Movement Mortgage | 0.02% | 3.57% | |
| Carrington Mortgage Services | 0.04% | 9.29% | |
| loanDepot | 0.07% | 10.71% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Prosperity Home Mortgage LLC | -0.01% | 3.70% | |
| Bank of America | -0.00% | 22.22% | |
| Wells Fargo Bank | -0.00% | 37.04% | |
| Truist Bank | 0.00% | 3.70% | |
| Quicken Loans | 0.00% | 14.81% | |
| Atlantic Bay Mortgage Group | 0.00% | 3.70% | |
| Movement Mortgage | 0.01% | 7.41% | |
| SunTrust Bank | 0.02% | 7.41% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of America | -0.01% | 22.22% | |
| Prosperity Home Mortgage LLC | -0.01% | 5.56% | |
| Wells Fargo Bank | -0.00% | 38.89% | |
| Truist Bank | 0.00% | 5.56% | |
| Atlantic Bay Mortgage Group | 0.00% | 5.56% | |
| Quicken Loans | 0.00% | 5.56% | |
| SunTrust Bank | 0.02% | 11.11% | |
| Movement Mortgage | 0.02% | 5.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.00% | 33.33% | |
| Quicken Loans | 0.00% | 33.33% | |
| Bank of America | 0.00% | 22.22% | |
| Movement Mortgage | 0.01% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.11% | 8.08% | |
| USAA | -0.08% | 15.00% | |
| Renasant Bank | -0.06% | 3.46% | |
| Prosperity Home Mortgage LLC | -0.03% | 2.69% | |
| Caliber Home Loans | -0.01% | 3.46% | |
| McLean Mortgage Corporation | 0.01% | 1.54% | |
| Apex Home Loans | 0.01% | 1.92% | |
| loanDepot | 0.01% | 10.38% | |
| Carrington Mortgage Services | 0.01% | 5.38% | |
| Embrace Home Loans | 0.02% | 6.92% | |
| C&F Mortgage Corp | 0.02% | 0.38% | |
| Cardinal Financial Company | 0.02% | 3.46% | |
| Assurance Financial | 0.03% | 1.92% | |
| Wells Fargo Bank | 0.03% | 1.15% | |
| Bank of America | 0.03% | 0.38% | |
| Truist Bank | 0.03% | 1.15% | |
| Mr. Cooper | 0.03% | 1.15% | |
| Atlantic Bay Mortgage Group | 0.04% | 3.46% | |
| SunTrust Bank | 0.04% | 0.77% | |
| Quicken Loans | 0.06% | 15.00% | |
| ALCOVA Mortgage | 0.06% | 1.92% | |
| Movement Mortgage | 0.08% | 10.38% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.13% | 10.46% | |
| USAA | -0.09% | 20.26% | |
| Renasant Bank | -0.05% | 5.88% | |
| Prosperity Home Mortgage LLC | -0.03% | 3.92% | |
| Apex Home Loans | 0.01% | 2.61% | |
| Truist Bank | 0.02% | 0.65% | |
| Wells Fargo Bank | 0.03% | 1.31% | |
| C&F Mortgage Corp | 0.03% | 0.65% | |
| Cardinal Financial Company | 0.03% | 4.58% | |
| Bank of America | 0.03% | 0.65% | |
| Mr. Cooper | 0.03% | 1.31% | |
| McLean Mortgage Corporation | 0.03% | 0.65% | |
| Caliber Home Loans | 0.04% | 1.96% | |
| Assurance Financial | 0.04% | 1.96% | |
| Atlantic Bay Mortgage Group | 0.04% | 5.23% | |
| Embrace Home Loans | 0.05% | 7.19% | |
| Quicken Loans | 0.06% | 9.80% | |
| ALCOVA Mortgage | 0.07% | 2.61% | |
| loanDepot | 0.08% | 6.54% | |
| Movement Mortgage | 0.11% | 11.76% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.04% | 7.48% | |
| loanDepot | -0.04% | 15.89% | |
| Caliber Home Loans | -0.03% | 5.61% | |
| Navy Federal Credit Union | -0.03% | 4.67% | |
| Embrace Home Loans | -0.03% | 6.54% | |
| McLean Mortgage Corporation | -0.01% | 2.80% | |
| Prosperity Home Mortgage LLC | -0.00% | 0.93% | |
| Carrington Mortgage Services | 0.00% | 13.08% | |
| Assurance Financial | 0.01% | 1.87% | |
| Apex Home Loans | 0.01% | 0.93% | |
| Cardinal Financial Company | 0.01% | 1.87% | |
| Movement Mortgage | 0.02% | 8.41% | |
| Atlantic Bay Mortgage Group | 0.02% | 0.93% | |
| ALCOVA Mortgage | 0.02% | 0.93% | |
| Wells Fargo Bank | 0.03% | 0.93% | |
| Truist Bank | 0.03% | 1.87% | |
| Mr. Cooper | 0.03% | 0.93% | |
| SunTrust Bank | 0.03% | 1.87% | |
| Quicken Loans | 0.05% | 22.43% |
* Data is compiled for the Lynchburg, VA commuting zone area, which comprises of counties of Amherst County, VA, Appomattox County, VA, Bedford County, VA, Campbell County, VA, Bedford city, VA, and Lynchburg city, VA. This includes cities/towns/communities of Lynchburg, VA as well as Timberlake, VA, Forest, VA, Madison Heights, VA, Rustburg, VA, Appomattox, VA, Concord, VA, Amherst, VA, Concord, VA, Montvale, VA, Big Island, VA, Pamplin City, VA, Altavista, VA, and Brookneal, 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 Lynchburg, VA area. For mortgage lender rankings in other cities, click here.