The median interest rate borrowers actually received on originated loans, not the advertised rate. Product mix matters: a VA-heavy lender will look cheaper than a jumbo specialist.
| # | Lender | Grade | Median rate | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Manufacturers and Traders TrustBuffalo, NY | C | 5.88% | 281 | 20.3% | 5.88% |
| 2 | United BankVienna, VA | C | 5.99% | 147 | 10.2% | 5.99% |
| 3 | Bank of AmericaCharlotte, NC | F | 5.99% | 546 | 33.2% | 5.99% |
| 4 | CitibankSioux Falls, SD | B | 6.00% | 417 | 9.6% | 6.00% |
| 5 | Pennymac Loan ServicesWestlake Village, CA | C | 6.12% | 236 | 14.4% | 6.12% |
| 6 | Wells Fargo BankCharlotte, NC | B | 6.13% | 240 | 17.1% | 6.13% |
| 7 | Movement MortgageLancaster, SC | A | 6.25% | 169 | 2.4% | 6.25% |
| 8 | PNC BankWilmington, DE | D | 6.25% | 467 | 31.5% | 6.25% |
| 9 | Truist BankCharlotte, NC | C | 6.25% | 529 | 41.2% | 6.25% |
| 10 | United Shore Financial ServicesPlymouth, MI | B | 6.37% | 327 | 17.4% | 6.37% |
| 11 | JPMorgan Chase BankColumbus, OH | B | 6.38% | 459 | 7.6% | 6.38% |
| 12 | Vellum MortgageFairfax, VA | A | 6.49% | 156 | 1.3% | 6.49% |
| 13 | Bank-Fund Staff Federal Credit UnionWashington, DC | A | 6.50% | 280 | 8.9% | 6.50% |
| 14 | Guaranteed RateChicago, IL | B | 6.50% | 320 | 4.1% | 6.50% |
| 15 | First Savings MortgageMclean, VA | A | 6.50% | 544 | 0.9% | 6.50% |
| 16 | Atlantic Coast MortgageFairfax, VA | A | 6.56% | 193 | 1.6% | 6.56% |
| 17 | Fairway Independent MortgageMadison, WI | B | 6.63% | 171 | 2.9% | 6.63% |
| 18 | Crosscountry MortgageCleveland, OH | B | 6.63% | 180 | 7.8% | 6.63% |
| 19 | Prosperity Home MortgageFairfax, VA | A | 6.63% | 268 | 2.2% | 6.63% |
| 20 | NewrezWilmington, DE | D | 6.63% | 353 | 23.5% | 6.63% |
| 21 | First Home MortgageBaltimore, MD | B | 6.63% | 359 | 2.5% | 6.63% |
| 22 | Rocket MortgagePlymouth, MI | C | 6.63% | 671 | 20.7% | 6.63% |
| 23 | Capital BankRockville, MD | B | 6.75% | 185 | 2.2% | 6.75% |
| 24 | TD BankWilmington, DE | D | 7.44% | 191 | 23.6% | 7.44% |
| 25 | Navy Federal Credit UnionVienna, VA | D | 7.75% | 786 | 28.5% | 7.75% |
Ordered by the median interest rate on originated loans, among lenders reporting rates on at least 100 loans. Some banks are exempt from HMDA pricing fields and cannot appear. All figures come from the lenders' own HMDA filings. Full methodology.
