Which mortgage lender in the Culpeper, 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 Culpeper, 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 Culpeper, VA area in terms of interest rate is CapCenter, with an average “Rate Difference” of -0.16%. This means that, comparing similar borrowers, CapCenter provided a -0.16% lower interest rate for its customers than other lenders in the area. CapCenter has a market share of 1.5%. On the other hand, the most popular lender in the Culpeper, VA area is Quicken Loans, with a larger market share of 11.2%. However, Quicken Loans also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.10% compared to those of other lenders. We recommend shopping around before going with this popular lender.
Our detailed ranking of mortgage lenders in the Culpeper, 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 Culpeper, VA is CapCenter. 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 Wells Fargo Bank. 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 Culpeper, VA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.05% | 15.54% | |
| Bank of America | -0.01% | 9.84% | |
| NVR Mortgage Finance Inc | -0.00% | 0.52% | |
| JPMorgan Chase Bank | -0.00% | 5.18% | |
| Navy Federal Credit Union | 0.00% | 5.18% | |
| SunTrust Bank | 0.00% | 9.33% | |
| Quicken Loans | 0.00% | 3.11% | |
| Atlantic Bay Mortgage Group | 0.00% | 0.52% | |
| George Mason Mortgage | 0.01% | 1.04% | |
| Prosperity Home Mortgage LLC | 0.01% | 2.07% | |
| Fulton Bank | 0.01% | 5.18% | |
| Atlantic Union Bank | 0.01% | 0.52% | |
| Guaranteed Rate | 0.01% | 1.04% | |
| Truist Bank | 0.01% | 7.25% | |
| Finance of America Mortgage | 0.01% | 0.52% | |
| CBM Mortgage | 0.01% | 0.52% | |
| Residential Mortgage Services | 0.01% | 0.52% | |
| First Heritage Mortgage | 0.02% | 18.13% | |
| UVA Community Credit Union | 0.03% | 1.55% | |
| Waterstone Mortgage Corporation | 0.03% | 0.52% | |
| US Bank | 0.03% | 9.33% | |
| Atlantic Coast Mortgage | 0.03% | 1.04% | |
| Embrace Home Loans | 0.04% | 1.55% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.07% | 13.33% | |
| Bank of America | -0.02% | 6.67% | |
| JPMorgan Chase Bank | -0.01% | 5.00% | |
| NVR Mortgage Finance Inc | -0.01% | 0.83% | |
| Navy Federal Credit Union | 0.00% | 6.67% | |
| Atlantic Bay Mortgage Group | 0.00% | 0.83% | |
| George Mason Mortgage | 0.00% | 1.67% | |
| Prosperity Home Mortgage LLC | 0.00% | 1.67% | |
| Quicken Loans | 0.00% | 0.83% | |
| Fulton Bank | 0.00% | 7.50% | |
| Atlantic Union Bank | 0.01% | 0.83% | |
| Guaranteed Rate | 0.01% | 1.67% | |
| SunTrust Bank | 0.01% | 11.67% | |
| UVA Community Credit Union | 0.01% | 0.83% | |
| Finance of America Mortgage | 0.01% | 0.83% | |
| CBM Mortgage | 0.01% | 0.83% | |
| Residential Mortgage Services | 0.01% | 0.83% | |
| Atlantic Coast Mortgage | 0.01% | 0.83% | |
| Truist Bank | 0.02% | 6.67% | |
| First Heritage Mortgage | 0.02% | 22.50% | |
| US Bank | 0.04% | 7.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.04% | 19.18% | |
| SunTrust Bank | -0.02% | 5.48% | |
| Navy Federal Credit Union | -0.00% | 2.74% | |
| First Heritage Mortgage | 0.00% | 10.96% | |
| Bank of America | 0.00% | 15.07% | |
| Truist Bank | 0.00% | 8.22% | |
| Quicken Loans | 0.01% | 6.85% | |
| Fulton Bank | 0.01% | 1.37% | |
| US Bank | 0.01% | 12.33% | |
| JPMorgan Chase Bank | 0.01% | 5.48% | |
| Prosperity Home Mortgage LLC | 0.01% | 2.74% | |
| Waterstone Mortgage Corporation | 0.03% | 1.37% | |
| UVA Community Credit Union | 0.04% | 2.74% | |
| Atlantic Coast Mortgage | 0.05% | 1.37% | |
| Embrace Home Loans | 0.05% | 4.11% |
* Data is compiled for the Culpeper, VA commuting zone area, which comprises of counties of Albemarle County, VA, Culpeper County, VA, Fluvanna County, VA, Greene County, VA, Louisa County, VA, Madison County, VA, Nelson County, VA, Orange County, VA, and Charlottesville city, VA. This includes cities/towns/communities of Culpeper, VA as well as Charlottesville, VA, Lake of the Woods, VA, Lake Monticello, VA, Crozet, VA, Blue Ridge Shores, VA, Ruckersville, VA, Orange, VA, Nellysford, VA, Hollymead, VA, Pantops, VA, Mineral, VA, Ivy, VA, Piney Mountain, VA, Brightwood, VA, Scottsville, VA, Louisa, VA, Rivanna, VA, Gordonsville, VA, Columbia, VA, Twin Lakes, VA, Madison, VA, Free Union, VA, Scottsville, VA, Stanardsville, VA, Arrington, VA, Lovingston, VA, and University of Virginia, 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 Culpeper, VA area. For mortgage lender rankings in other cities, click here.