Which mortgage lender in the Murphy, 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 Murphy, 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 Murphy, NC area in terms of interest rate is Wells Fargo Bank, with an average “Rate Difference” of -0.10%. This means that, comparing similar borrowers, Wells Fargo Bank provided a -0.10% lower interest rate for its customers than other lenders in the area. Wells Fargo Bank has a market share of 4.5%. On the other hand, the most popular lender in the Murphy, NC area is Quicken Loans, with a larger market share of 23.1%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.06% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Murphy, 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 Murphy, NC is South State 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is United Community Bank. The cheapest VA mortgage provider is Northpointe Bank. 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 Murphy, NC
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.10% | 4.49% | |
| South State Bank | -0.09% | 3.31% | |
| Central Bank Jefferson City | -0.07% | 7.48% | |
| United Community Bank | -0.06% | 17.74% | |
| Northpointe Bank | -0.05% | 3.63% | |
| First Reliance Bank | -0.02% | 8.97% | |
| Vanderbilt Mortgage | -0.02% | 4.38% | |
| SWBC Mortgage | -0.02% | 6.09% | |
| Quicken Loans | 0.06% | 23.08% | |
| HomeStar Financial | 0.08% | 20.83% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| South State Bank | -0.11% | 1.80% | |
| Wells Fargo Bank | -0.11% | 5.89% | |
| Central Bank Jefferson City | -0.08% | 10.15% | |
| Northpointe Bank | -0.06% | 4.75% | |
| United Community Bank | -0.05% | 13.75% | |
| First Reliance Bank | -0.02% | 11.78% | |
| SWBC Mortgage | -0.02% | 7.36% | |
| Vanderbilt Mortgage | -0.01% | 3.27% | |
| Quicken Loans | 0.05% | 12.60% | |
| HomeStar Financial | 0.08% | 28.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| South State Bank | -0.08% | 6.15% | |
| United Community Bank | -0.07% | 25.23% | |
| First Reliance Bank | -0.06% | 3.69% | |
| Central Bank Jefferson City | -0.04% | 2.46% | |
| SWBC Mortgage | -0.04% | 3.69% | |
| Wells Fargo Bank | -0.04% | 1.85% | |
| Northpointe Bank | -0.04% | 1.54% | |
| Vanderbilt Mortgage | -0.03% | 6.46% | |
| HomeStar Financial | 0.04% | 6.15% | |
| Quicken Loans | 0.07% | 42.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| South State Bank | -0.10% | 3.53% | |
| Wells Fargo Bank | -0.10% | 5.43% | |
| Central Bank Jefferson City | -0.09% | 7.87% | |
| United Community Bank | -0.06% | 21.17% | |
| Northpointe Bank | -0.06% | 3.26% | |
| Vanderbilt Mortgage | -0.04% | 2.58% | |
| First Reliance Bank | -0.03% | 11.26% | |
| SWBC Mortgage | -0.01% | 5.16% | |
| Quicken Loans | 0.08% | 22.66% | |
| HomeStar Financial | 0.10% | 17.10% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.11% | 7.20% | |
| South State Bank | -0.11% | 2.33% | |
| Central Bank Jefferson City | -0.09% | 10.81% | |
| Northpointe Bank | -0.06% | 4.45% | |
| Vanderbilt Mortgage | -0.05% | 0.64% | |
| United Community Bank | -0.05% | 16.53% | |
| First Reliance Bank | -0.02% | 15.04% | |
| SWBC Mortgage | -0.00% | 6.14% | |
| Quicken Loans | 0.07% | 13.56% | |
| HomeStar Financial | 0.11% | 23.31% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| South State Bank | -0.09% | 5.66% | |
| United Community Bank | -0.08% | 29.43% | |
| First Reliance Bank | -0.06% | 4.53% | |
| SWBC Mortgage | -0.05% | 3.40% | |
| Central Bank Jefferson City | -0.05% | 2.64% | |
| Wells Fargo Bank | -0.04% | 2.26% | |
| Northpointe Bank | -0.04% | 1.13% | |
| Vanderbilt Mortgage | -0.04% | 6.04% | |
| HomeStar Financial | 0.04% | 6.04% | |
| Quicken Loans | 0.09% | 38.87% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| United Community Bank | -0.06% | 6.06% | |
| South State Bank | -0.06% | 2.02% | |
| Northpointe Bank | -0.04% | 7.07% | |
| SWBC Mortgage | -0.04% | 13.13% | |
| Quicken Loans | -0.03% | 20.20% | |
| Central Bank Jefferson City | -0.02% | 4.04% | |
| Vanderbilt Mortgage | 0.00% | 15.15% | |
| HomeStar Financial | 0.06% | 32.32% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| United Community Bank | -0.08% | 5.63% | |
| SWBC Mortgage | -0.05% | 15.49% | |
| Northpointe Bank | -0.05% | 9.86% | |
| Central Bank Jefferson City | -0.03% | 5.63% | |
| Quicken Loans | -0.03% | 5.63% | |
| Vanderbilt Mortgage | -0.01% | 15.49% | |
| HomeStar Financial | 0.05% | 42.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| South State Bank | -0.03% | 7.14% | |
| United Community Bank | -0.01% | 7.14% | |
| Quicken Loans | -0.01% | 57.14% | |
| SWBC Mortgage | 0.02% | 7.14% | |
| Vanderbilt Mortgage | 0.03% | 14.29% | |
| HomeStar Financial | 0.04% | 7.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 50.00% | |
| First Reliance Bank | 0.01% | 25.00% | |
| United Community Bank | 0.02% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 50.00% | |
| First Reliance Bank | 0.01% | 25.00% | |
| United Community Bank | 0.02% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Northpointe Bank | -0.04% | 3.12% | |
| South State Bank | -0.04% | 3.12% | |
| United Community Bank | -0.04% | 3.12% | |
| Central Bank Jefferson City | -0.03% | 8.33% | |
| SWBC Mortgage | -0.03% | 6.25% | |
| Vanderbilt Mortgage | -0.01% | 7.29% | |
| Quicken Loans | -0.00% | 30.21% | |
| HomeStar Financial | 0.02% | 38.54% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.05% | 14.06% | |
| United Community Bank | -0.04% | 1.56% | |
| Central Bank Jefferson City | -0.03% | 10.94% | |
| Northpointe Bank | -0.03% | 1.56% | |
| SWBC Mortgage | -0.03% | 7.81% | |
| Vanderbilt Mortgage | -0.00% | 9.38% | |
| HomeStar Financial | 0.03% | 54.69% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Northpointe Bank | -0.05% | 6.25% | |
| SWBC Mortgage | -0.04% | 3.12% | |
| Central Bank Jefferson City | -0.04% | 3.12% | |
| Vanderbilt Mortgage | -0.04% | 3.12% | |
| United Community Bank | -0.04% | 6.25% | |
| South State Bank | -0.04% | 9.38% | |
| HomeStar Financial | -0.01% | 6.25% | |
| Quicken Loans | 0.02% | 62.50% |
* Data is compiled for the Murphy, NC commuting zone area, which comprises of counties of Towns County, GA, Union County, GA, Cherokee County, NC, and Clay County, NC. This includes cities/towns/communities of Murphy, NC as well as Young Harris, GA, Hayesville, NC, Hiawassee, GA, Blairsville, GA, Andrews, NC, and Marble, 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 Murphy, NC area. For mortgage lender rankings in other cities, click here.