Which mortgage lender in the Greensboro, 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 Greensboro, 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 Greensboro, NC area in terms of interest rate is First Bank NC and SC, with an average “Rate Difference” of -0.17%. This means that, comparing similar borrowers, First Bank NC and SC provided a -0.17% lower interest rate for its customers than other lenders in the area. First Bank NC and SC has a market share of 0.9%. On the other hand, the most popular lender in the Greensboro, NC area is Quicken Loans, with a larger market share of 11.6%. 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 Greensboro, 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 Greensboro, NC is First Bank NC and SC. 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 Bank of America. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Freedom Mortgage 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 Greensboro, NC
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of America | -0.03% | 6.62% | |
| JPMorgan Chase Bank | -0.03% | 7.95% | |
| Truist Bank | -0.03% | 17.22% | |
| SunTrust Bank | -0.01% | 15.89% | |
| PNC Bank | 0.01% | 0.66% | |
| Equity Resources | 0.01% | 0.66% | |
| Wells Fargo Bank | 0.01% | 11.26% | |
| Prosperity Home Mortgage LLC | 0.01% | 1.32% | |
| First Horizon Bank | 0.01% | 1.99% | |
| Guaranteed Rate | 0.01% | 1.32% | |
| Keller Mortgage | 0.01% | 0.66% | |
| Atlantic Bay Mortgage Group | 0.01% | 2.65% | |
| First Bank NC and SC | 0.01% | 0.66% | |
| Piedmont Federal Savings Bank | 0.01% | 0.66% | |
| First National Bank of Pennsylvania | 0.01% | 3.97% | |
| PrimeLending | 0.01% | 0.66% | |
| Highlands Residential Mortgage Ltd | 0.01% | 1.32% | |
| McLean Mortgage Corporation | 0.01% | 0.66% | |
| AgFirst Farm Credit Bank | 0.01% | 0.66% | |
| US Bank | 0.02% | 2.65% | |
| North State Bank | 0.02% | 1.32% | |
| State Employees’ Credit Union | 0.02% | 0.66% | |
| Pinnacle Financial Partners | 0.03% | 3.31% | |
| First Citizens Bank | 0.03% | 5.30% | |
| Quicken Loans | 0.03% | 3.97% | |
| Certainty Home Loans | 0.03% | 1.32% | |
| Movement Mortgage | 0.04% | 1.99% | |
| Reliance First Capital | 0.04% | 0.66% | |
| Carolina Farm Credit | 0.05% | 1.99% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of America | -0.03% | 8.08% | |
| JPMorgan Chase Bank | -0.03% | 12.12% | |
| Truist Bank | -0.02% | 12.12% | |
| SunTrust Bank | -0.00% | 19.19% | |
| First Horizon Bank | 0.00% | 2.02% | |
| Wells Fargo Bank | 0.01% | 12.12% | |
| Prosperity Home Mortgage LLC | 0.01% | 2.02% | |
| Keller Mortgage | 0.01% | 1.01% | |
| First Bank NC and SC | 0.01% | 1.01% | |
| First Citizens Bank | 0.01% | 2.02% | |
| Piedmont Federal Savings Bank | 0.01% | 1.01% | |
| Guaranteed Rate | 0.01% | 1.01% | |
| US Bank | 0.01% | 2.02% | |
| PrimeLending | 0.01% | 1.01% | |
| McLean Mortgage Corporation | 0.01% | 1.01% | |
| AgFirst Farm Credit Bank | 0.01% | 1.01% | |
| Atlantic Bay Mortgage Group | 0.01% | 2.02% | |
| Highlands Residential Mortgage Ltd | 0.02% | 1.01% | |
| North State Bank | 0.02% | 2.02% | |
| State Employees’ Credit Union | 0.02% | 1.01% | |
| First National Bank of Pennsylvania | 0.02% | 2.02% | |
| Pinnacle Financial Partners | 0.02% | 3.03% | |
| Quicken Loans | 0.04% | 5.05% | |
| Movement Mortgage | 0.04% | 3.03% | |
| Certainty Home Loans | 0.04% | 1.01% | |
| Carolina Farm Credit | 0.04% | 1.01% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.03% | 26.92% | |
| SunTrust Bank | -0.03% | 9.62% | |
| Bank of America | -0.02% | 3.85% | |
| Guaranteed Rate | 0.00% | 1.92% | |
| PNC Bank | 0.01% | 1.92% | |
| Equity Resources | 0.01% | 1.92% | |
| Atlantic Bay Mortgage Group | 0.01% | 3.85% | |
| Highlands Residential Mortgage Ltd | 0.01% | 1.92% | |
| First National Bank of Pennsylvania | 0.01% | 7.69% | |
| Wells Fargo Bank | 0.01% | 9.62% | |
| First Horizon Bank | 0.02% | 1.92% | |
| US Bank | 0.02% | 3.85% | |
| Quicken Loans | 0.02% | 1.92% | |
| Certainty Home Loans | 0.03% | 1.92% | |
| Pinnacle Financial Partners | 0.03% | 3.85% | |
| First Citizens Bank | 0.03% | 11.54% | |
| Reliance First Capital | 0.04% | 1.92% | |
| Carolina Farm Credit | 0.05% | 3.85% |
* Data is compiled for the Greensboro, NC commuting zone area, which comprises of counties of Alamance County, NC, Caswell County, NC, Davidson County, NC, Guilford County, NC, Randolph County, NC, Rockingham County, NC, Pittsylvania County, VA, and Danville city, VA. This includes cities/towns/communities of Greensboro, NC as well as High Point, NC, Burlington, NC, Summerfield, NC, Asheboro, NC, Thomasville, NC, Lexington, NC, Mebane, NC, Gibsonville, NC, Reidsville, NC, Graham, NC, Randleman, NC, Oak Ridge, NC, Danville, VA, Trinity, NC, Archdale, NC, Saxapahaw, NC, Midway, NC, Elon, NC, Wallburg, NC, Madison, NC, Swepsonville, NC, Forest Oaks, NC, Eden, NC, Welcome, NC, Stokesdale, NC, Pleasant Garden, NC, Tyro, NC, Southmont, NC, Mount Hermon, VA, Wentworth, NC, High Point, NC, Green Level, NC, Jamestown, NC, Stoneville, NC, Alamance, NC, Seagrove, NC, Liberty, NC, Altamahaw, NC, Gibsonville, NC, Ramseur, NC, Glen Raven, NC, Blairs, VA, Franklinville, NC, Denton, NC, Yanceyville, NC, Motley, VA, Chatham, VA, Hurt, VA, Mayodan, NC, and Ruffin, 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 Greensboro, NC area. For mortgage lender rankings in other cities, click here.