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 | Picatinny Federal Credit UnionDover, NJ | B | 3.99% | 470 | 19.4% | 3.99% |
| 2 | AffinityBasking Ridge, NJ | C | 4.90% | 2,506 | 25.9% | 4.90% |
| 3 | United Nations Federal Credit UnionNew York, NY | B | 5.75% | 322 | 6.5% | 5.75% |
| 4 | Charles Schwab BankWestlake, TX | A | 5.78% | 194 | 4.6% | 5.78% |
| 5 | UBS Bank USASalt Lake City, UT | A | 5.88% | 174 | 4.6% | 5.88% |
| 6 | Lennar MortgageMiami, FL | A | 5.88% | 745 | 4.4% | 5.88% |
| 7 | Morgan Stanley Private BankNew York, NY | A | 5.90% | 727 | 2.9% | 5.90% |
| 8 | Lakeview Community CapitalTucson, AZ | A | 5.99% | 136 | 0.7% | 5.99% |
| 9 | Planet Home LendingMeriden, CT | B | 5.99% | 234 | 21.8% | 5.99% |
| 10 | HSBC Bank USAMclean, VA | B | 5.99% | 254 | 12.6% | 5.99% |
| 11 | Princeton Federal Credit UnionPrinceton, NJ | A | 5.99% | 315 | 4.8% | 5.99% |
| 12 | Municipal Credit UnionNew York, NY | D | 5.99% | 504 | 20.2% | 5.99% |
| 13 | Unnamed lender 254900M2C4Q6DATP2889 | F | 5.99% | 531 | 13.0% | 5.99% |
| 14 | Manufacturers and Traders TrustBuffalo, NY | C | 5.99% | 2,864 | 33.5% | 5.99% |
| 15 | First Atlantic Federal Credit UnionEatontown, NJ | C | 6.00% | 316 | 19.0% | 6.00% |
| 16 | CitibankSioux Falls, SD | B | 6.00% | 1,444 | 15.6% | 6.00% |
| 17 | Bank of AmericaCharlotte, NC | F | 6.00% | 12,142 | 30.6% | 6.00% |
| 18 | LENOX FINANCIAL MORTGAGE CORPORATION, Sage Home LoansFort Mill, SC | B | 6.12% | 511 | 7.8% | 6.12% |
| 19 | Sun West Mortgage CompanyCerritos, CA | B | 6.13% | 324 | 13.0% | 6.13% |
| 20 | NBKC BankKansas, MO | B | 6.13% | 363 | 16.5% | 6.13% |
| 21 | Kearny BankKearny, NJ | B | 6.13% | 568 | 5.6% | 6.13% |
| 22 | Police & FirePhiladelphia, PA | C | 6.24% | 4,063 | 30.3% | 6.24% |
| 23 | Stifel Bank and TrustSaint Louis, MO | A | 6.25% | 140 | 2.1% | 6.25% |
| 24 | General Mortgage CapitalBurlingame, CA | A | 6.25% | 174 | 2.3% | 6.25% |
| 25 | First Federal BankLake City, FL | B | 6.25% | 244 | 7.0% | 6.25% |
| 26 | Webster BankStamford, CT | C | 6.25% | 339 | 13.6% | 6.25% |
| 27 | PHH MortgageMount Laurel, NJ | C | 6.25% | 698 | 8.3% | 6.25% |
| 28 | American Federal MortgageChester, NJ | B | 6.25% | 741 | 3.9% | 6.25% |
| 29 | Village Capital & InvestmentHenderson, NV | C | 6.25% | 795 | 18.6% | 6.25% |
| 30 | Mortgage Research CenterColumbia, MO | C | 6.25% | 2,115 | 21.6% | 6.25% |
| 31 | Wells Fargo BankCharlotte, NC | B | 6.25% | 3,047 | 14.7% | 6.25% |
| 32 | Freedom MortgageBoca Raton, FL | B | 6.25% | 4,045 | 9.7% | 6.25% |
| 33 | Truist BankCharlotte, NC | C | 6.37% | 1,002 | 41.3% | 6.37% |
| 34 | The Huntington National BankColumbus, OH | D | 6.38% | 146 | 5.5% | 6.38% |
| 35 | Longbridge FinancialMahwah, NJ | F | 6.38% | 204 | 7.4% | 6.38% |
| 36 | Millenium Home MortgageParsippany-Troy Hills, NJ | A | 6.38% | 357 | 1.4% | 6.38% |
| 37 | American Financial ResourcesParsippany-Troy Hills, NJ | B | 6.38% | 417 | 7.2% | 6.38% |
| 38 | Kwik MortgageParsippany, NJ | A | 6.38% | 463 | 3.5% | 6.38% |
| 39 | Tomo MortgageNew York, NY | B | 6.38% | 587 | 7.2% | 6.38% |
| 40 | Provident Funding AssociatesSanta Rosa, CA | A | 6.38% | 670 | 6.6% | 6.38% |
| 41 | Carrington Mortgage ServicesOrange, CA | D | 6.38% | 1,219 | 42.9% | 6.38% |
| 42 | Mutual of Omaha MortgageSan Diego, CA | C | 6.38% | 1,310 | 20.6% | 6.38% |
| 43 | OceanFirst BankRed Bank, NJ | A | 6.38% | 2,861 | 9.5% | 6.38% |
| 44 | JPMorgan Chase BankColumbus, OH | B | 6.38% | 5,588 | 10.6% | 6.38% |
| 45 | United Shore Financial ServicesPlymouth, MI | B | 6.38% | 10,552 | 15.3% | 6.38% |
| 46 | ResicentralLarkspur, CA | B | 6.49% | 206 | 3.9% | 6.49% |
| 47 | Toll Brothers MortgageWilmington, DE | A | 6.49% | 457 | 9.0% | 6.49% |
| 48 | Bethpage Federal Credit UnionBethpage, NY | C | 6.49% | 739 | 40.2% | 6.49% |
| 49 | Mld MortgageFlorham Park, NJ | A | 6.49% | 746 | 5.0% | 6.49% |
| 50 | Luminate BankMinneapolis, MN | B | 6.49% | 1,631 | 3.1% | 6.49% |
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.
