Which mortgage lender in the Winston-Salem, NC 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 Winston-Salem, NC 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 Winston-Salem, NC area in terms of interest rate is Piedmont Federal Savings Bank, with an average “Rate Difference” of -0.26%. This means that, comparing similar borrowers, Piedmont Federal Savings Bank provided a -0.26% lower interest rate for its customers than other lenders in the area. Piedmont Federal Savings Bank has a market share of 3.1%. On the other hand, the most popular lender in the Winston-Salem, NC area is Quicken Loans, with a larger market share of 12.0%. 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 Winston-Salem, NC 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 Winston-Salem, NC is Piedmont Federal Savings Bank. 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 First Horizon Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Home Point Financial Corporation. 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 Winston-Salem, NC
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.07% | 44.24% | |
| emmloans | -0.02% | 1.87% | |
| Home Point Financial Corporation | -0.01% | 1.56% | |
| Plaza Home Mortgage | -0.01% | 1.25% | |
| PennyMac Loan Services | 0.00% | 1.87% | |
| Atlantic Bay Mortgage Group | 0.00% | 0.62% | |
| Guaranteed Rate | 0.00% | 0.93% | |
| Bank of America | 0.01% | 0.31% | |
| Equity Resources | 0.01% | 0.31% | |
| Certainty Home Loans | 0.01% | 0.62% | |
| Ameris Bank | 0.02% | 0.62% | |
| Carrington Mortgage Services | 0.02% | 10.28% | |
| Caliber Home Loans | 0.03% | 1.56% | |
| OneTrust Home Loans | 0.03% | 0.31% | |
| Highlands Residential Mortgage Ltd | 0.04% | 0.31% | |
| Towne Mortgage Company | 0.04% | 0.93% | |
| Movement Mortgage | 0.04% | 1.25% | |
| Fairway Independent Mortgage Corporation | 0.04% | 0.93% | |
| Union Home Mortgage | 0.05% | 0.31% | |
| Cardinal Financial Company | 0.05% | 4.05% | |
| NewRez | 0.05% | 3.74% | |
| Lakeview Loan Servicing | 0.07% | 7.79% | |
| loanDepot | 0.07% | 4.67% | |
| Freedom Mortgage Corporation | 0.12% | 1.87% | |
| Mr. Cooper | 0.15% | 7.79% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Horizon Bank | -0.04% | 10.74% | |
| Bank of America | -0.02% | 7.44% | |
| First National Bank of Pennsylvania | -0.01% | 9.92% | |
| Truist Bank | -0.00% | 24.79% | |
| Prosperity Home Mortgage LLC | -0.00% | 2.48% | |
| Wells Fargo Bank | -0.00% | 8.26% | |
| Highlands Residential Mortgage Ltd | 0.00% | 0.83% | |
| First Citizens Bank | 0.01% | 4.96% | |
| SunTrust Bank | 0.01% | 11.57% | |
| JPMorgan Chase Bank | 0.02% | 1.65% | |
| Piedmont Federal Savings Bank | 0.02% | 4.13% | |
| Quicken Loans | 0.02% | 1.65% | |
| Movement Mortgage | 0.02% | 1.65% | |
| AgFirst Farm Credit Bank | 0.02% | 0.83% | |
| State Employees’ Credit Union | 0.03% | 0.83% | |
| Fairway Independent Mortgage Corporation | 0.03% | 1.65% | |
| Pinnacle Financial Partners | 0.04% | 5.79% | |
| Plaza Home Mortgage | 0.04% | 0.83% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Horizon Bank | -0.04% | 14.29% | |
| First National Bank of Pennsylvania | -0.02% | 12.99% | |
| Prosperity Home Mortgage LLC | -0.01% | 2.60% | |
| Wells Fargo Bank | 0.00% | 6.49% | |
| Truist Bank | 0.00% | 25.97% | |
| Highlands Residential Mortgage Ltd | 0.00% | 1.30% | |
| Bank of America | 0.01% | 3.90% | |
| First Citizens Bank | 0.01% | 3.90% | |
| SunTrust Bank | 0.01% | 12.99% | |
| JPMorgan Chase Bank | 0.01% | 1.30% | |
| Piedmont Federal Savings Bank | 0.02% | 2.60% | |
| Quicken Loans | 0.03% | 1.30% | |
| Movement Mortgage | 0.03% | 1.30% | |
| Fairway Independent Mortgage Corporation | 0.03% | 2.60% | |
| Plaza Home Mortgage | 0.05% | 1.30% | |
| Pinnacle Financial Partners | 0.06% | 5.19% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of America | -0.03% | 13.64% | |
| Truist Bank | -0.01% | 22.73% | |
| Wells Fargo Bank | -0.01% | 11.36% | |
| Quicken Loans | 0.01% | 2.27% | |
| Prosperity Home Mortgage LLC | 0.01% | 2.27% | |
| Movement Mortgage | 0.01% | 2.27% | |
| Piedmont Federal Savings Bank | 0.01% | 6.82% | |
| First Citizens Bank | 0.01% | 6.82% | |
| First Horizon Bank | 0.01% | 4.55% | |
| Pinnacle Financial Partners | 0.02% | 6.82% | |
| JPMorgan Chase Bank | 0.02% | 2.27% | |
| AgFirst Farm Credit Bank | 0.02% | 2.27% | |
| SunTrust Bank | 0.02% | 9.09% | |
| First National Bank of Pennsylvania | 0.02% | 4.55% | |
| State Employees’ Credit Union | 0.03% | 2.27% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Lakeview Loan Servicing | -0.10% | 6.91% | |
| Home Point Financial Corporation | -0.07% | 2.44% | |
| PennyMac Loan Services | -0.06% | 7.72% | |
| Navy Federal Credit Union | -0.05% | 2.85% | |
| USAA | -0.05% | 6.10% | |
| Caliber Home Loans | -0.03% | 2.03% | |
| Movement Mortgage | -0.03% | 2.85% | |
| Plaza Home Mortgage | -0.02% | 1.63% | |
| Carrington Mortgage Services | -0.01% | 9.76% | |
| Equity Resources | -0.01% | 0.81% | |
| Pinnacle Financial Partners | -0.01% | 0.41% | |
| loanDepot | -0.00% | 9.35% | |
| Cardinal Financial Company | -0.00% | 2.44% | |
| Atlantic Bay Mortgage Group | -0.00% | 0.81% | |
| Truist Bank | -0.00% | 2.85% | |
| SunTrust Bank | 0.00% | 0.41% | |
| Guaranteed Rate | 0.00% | 0.41% | |
| Hamilton Group Funding | 0.00% | 0.41% | |
| Towne Mortgage Company | 0.00% | 0.41% | |
| Certainty Home Loans | 0.01% | 0.41% | |
| First National Bank of Pennsylvania | 0.02% | 0.41% | |
| Fairway Independent Mortgage Corporation | 0.02% | 1.63% | |
| NewRez | 0.03% | 2.03% | |
| First Federal Bank of Florida | 0.03% | 2.03% | |
| Mortgage Solutions Financial | 0.04% | 2.85% | |
| Quicken Loans | 0.05% | 21.54% | |
| Freedom Mortgage Corporation | 0.08% | 6.10% | |
| Mr. Cooper | 0.10% | 2.44% |
* Data is compiled for the Winston-Salem, NC commuting zone area, which comprises of counties of Davie County, NC, Forsyth County, NC, Stokes County, NC, Surry County, NC, and Yadkin County, NC. This includes cities/towns/communities of Winston-Salem, NC as well as Kernersville, NC, Clemmons, NC, Lewisville, NC, Mount Airy, NC, Bermuda Run, NC, King, NC, Walkertown, NC, Mocksville, NC, Rural Hall, NC, Hillsdale, NC, Advance, NC, Pinnacle, NC, Tobaccoville, NC, Yadkinville, NC, Elkin, NC, East Bend, NC, Boonville, NC, Walnut Cove, NC, Jonesville, NC, Germanton, NC, Pilot Mountain, NC, Dobson, NC, White Plains, NC, Cooleemee, NC, Lowgap, NC, Toast, NC, Danbury, NC, High Point, NC, and Flat Rock, NC. 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 Winston-Salem, NC area. For mortgage lender rankings in other cities, click here.