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 | Freedom MortgageBoca Raton, FL | B | 6.00% | 343 | 7.6% | 6.00% |
| 2 | CU Mortgage DirectSioux Falls, SD | B | 6.13% | 236 | 7.6% | 6.13% |
| 3 | Cortrust MortgageSioux Falls, SD | B | 6.13% | 298 | 5.4% | 6.13% |
| 4 | United Shore Financial ServicesPlymouth, MI | B | 6.13% | 563 | 9.4% | 6.13% |
| 5 | Gateway First BankJenks, OK | B | 6.25% | 199 | 4.5% | 6.25% |
| 6 | Granite BankCold Spring, MN | B | 6.25% | 309 | 8.4% | 6.25% |
| 7 | NewrezWilmington, DE | D | 6.25% | 347 | 19.3% | 6.25% |
| 8 | Fairway Independent MortgageMadison, WI | B | 6.25% | 490 | 2.2% | 6.25% |
| 9 | Mortgage Research CenterColumbia, MO | C | 6.25% | 593 | 16.7% | 6.25% |
| 10 | Plains Commerce BankSioux Falls, SD | B | 6.25% | 2,280 | 5.5% | 6.25% |
| 11 | American Neighborhood Mortgage Acceptance CompanyMount Laurel, NJ | B | 6.38% | 177 | 0.0% | 6.38% |
| 12 | Navy Federal Credit UnionVienna, VA | D | 6.38% | 191 | 17.8% | 6.38% |
| 13 | Guaranteed RateChicago, IL | B | 6.38% | 280 | 8.9% | 6.38% |
| 14 | CMG MortgageSan Ramon, CA | A | 6.38% | 919 | 2.3% | 6.38% |
| 15 | Wells Fargo BankCharlotte, NC | B | 6.50% | 217 | 17.5% | 6.50% |
| 16 | Central BankStorm Lake, IA | A | 6.50% | 394 | 5.1% | 6.50% |
| 17 | First International Bank & TrustWatford City, ND | B | 6.50% | 610 | 4.1% | 6.50% |
| 18 | First Dakota National BankYankton, SD | A | 6.50% | 690 | 4.6% | 6.50% |
| 19 | Pennymac Loan ServicesWestlake Village, CA | C | 6.63% | 345 | 9.6% | 6.63% |
| 20 | Dacotah BankAberdeen, SD | B | 6.63% | 512 | 5.9% | 6.63% |
| 21 | American Bank & TrustSioux Falls, SD | C | 6.63% | 613 | 11.9% | 6.63% |
| 22 | First Bank & TrustBrookings, SD | C | 6.63% | 1,320 | 11.2% | 6.63% |
| 23 | Reliabank DakotaEstelline, SD | B | 6.75% | 183 | 3.8% | 6.75% |
| 24 | Crosscountry MortgageCleveland, OH | B | 6.75% | 239 | 4.2% | 6.75% |
| 25 | Rocket MortgagePlymouth, MI | C | 6.75% | 1,027 | 16.9% | 6.75% |
| 26 | First PREMIER BankSioux Falls, SD | C | 6.88% | 1,389 | 11.7% | 6.88% |
| 27 | U.S. BankCincinnati, OH | D | 6.99% | 637 | 24.0% | 6.99% |
| 28 | BankwestPierre, SD | F | 7.25% | 786 | 14.0% | 7.25% |
| 29 | Levo Federal Credit UnionSioux Falls, | B | 7.50% | 644 | 6.8% | 7.50% |
| 30 | Black Hills Federal Credit UnionRapid City, SD | D | 7.75% | 1,223 | 23.0% | 7.75% |
| 31 | First Interstate BankBillings, MT | D | 8.25% | 615 | 26.2% | 8.25% |
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.
