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 | Ark-La-Tex Financial Services, LLC.Plano, TX | A | 6.20% | 231 | 2.6% | 6.20% |
| 2 | Valley MortgageFargo, ND | A | 6.23% | 191 | 3.1% | 6.23% |
| 3 | Dakota Community Bank & TrustHebron, ND | B | 6.25% | 351 | 4.6% | 6.25% |
| 4 | Mortgage Research CenterColumbia, MO | C | 6.25% | 500 | 13.6% | 6.25% |
| 5 | TOWN AND COUNTRY Credit UnionMinot, ND | B | 6.25% | 571 | 2.1% | 6.25% |
| 6 | United Shore Financial ServicesPlymouth, MI | B | 6.25% | 881 | 7.5% | 6.25% |
| 7 | Pennymac Loan ServicesWestlake Village, CA | C | 6.31% | 246 | 15.9% | 6.31% |
| 8 | Western State BankDevils Lake, ND | B | 6.38% | 170 | 3.5% | 6.38% |
| 9 | Guaranteed RateChicago, IL | B | 6.38% | 194 | 9.3% | 6.38% |
| 10 | Fairway Independent MortgageMadison, WI | B | 6.40% | 497 | 3.0% | 6.40% |
| 11 | Crosscountry MortgageCleveland, OH | B | 6.49% | 155 | 4.5% | 6.49% |
| 12 | Loandepot.ComIrvine, CA | D | 6.49% | 243 | 25.9% | 6.49% |
| 13 | NewrezWilmington, DE | D | 6.49% | 271 | 15.5% | 6.49% |
| 14 | First Community Credit UnionJamestown, ND | B | 6.49% | 675 | 7.1% | 6.49% |
| 15 | Granite BankCold Spring, MN | B | 6.50% | 169 | 5.3% | 6.50% |
| 16 | Old National BankEvansville, IN | B | 6.50% | 189 | 12.7% | 6.50% |
| 17 | Starion BankBismarck, ND | B | 6.50% | 214 | 2.8% | 6.50% |
| 18 | Dacotah BankAberdeen, SD | B | 6.63% | 125 | 5.6% | 6.63% |
| 19 | First Western Bank & TrustMinot, ND | B | 6.63% | 254 | 2.8% | 6.63% |
| 20 | Rocket MortgagePlymouth, MI | C | 6.63% | 827 | 21.6% | 6.63% |
| 21 | First International Bank & TrustWatford City, ND | B | 6.63% | 1,112 | 4.0% | 6.63% |
| 22 | Choice Financial GroupFargo, ND | B | 6.65% | 211 | 4.3% | 6.65% |
| 23 | Gate City BankFargo, ND | C | 6.65% | 3,106 | 11.3% | 6.65% |
| 24 | Bell BankFargo, ND | A | 6.99% | 806 | 7.7% | 6.99% |
| 25 | Alerus FinancialGrand Forks, ND | B | 7.00% | 298 | 9.4% | 7.00% |
| 26 | CapitalBismarck, ND | C | 7.00% | 646 | 3.7% | 7.00% |
| 27 | Cornerstone BankFargo, ND | B | 7.25% | 126 | 2.4% | 7.25% |
| 28 | U.S. BankCincinnati, OH | D | 7.30% | 486 | 30.0% | 7.30% |
| 29 | BNC National BankGlendale, AZ | A | 7.50% | 136 | 12.5% | 7.50% |
| 30 | 21st MortgageKnoxville, TN | F | 11.10% | 390 | 42.8% | 11.10% |
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.
