Which mortgage lender in the Wilmington, 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 Wilmington, 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 Wilmington, NC area in terms of interest rate is Corning Federal Credit Union, with an average “Rate Difference” of -0.19%. This means that, comparing similar borrowers, Corning Federal Credit Union provided a -0.19% lower interest rate for its customers than other lenders in the area. Corning Federal Credit Union has a market share of 2.8%. On the other hand, the most popular lender in the Wilmington, NC area is Guaranteed Rate, with a larger market share of 11.7%. Guaranteed Rate is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.05% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Wilmington, 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 Wilmington, NC is North 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 Caliber Home Loans. The cheapest VA mortgage provider is Navy Federal Credit Union. 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 Wilmington, NC
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Movement Mortgage | -0.08% | 4.33% | |
| PennyMac Loan Services | -0.04% | 6.25% | |
| Plaza Home Mortgage | -0.04% | 1.44% | |
| Quicken Loans | -0.03% | 33.17% | |
| Caliber Home Loans | -0.02% | 2.88% | |
| NewRez | -0.01% | 3.85% | |
| Equity Resources | -0.01% | 2.40% | |
| Atlantic Bay Mortgage Group | -0.01% | 1.92% | |
| Sierra Pacific Mortgage | -0.01% | 0.96% | |
| PNC Bank | -0.00% | 0.48% | |
| Resource Financial Services | -0.00% | 0.96% | |
| Highlands Residential Mortgage Ltd | -0.00% | 0.48% | |
| Gateway First Bank | -0.00% | 0.48% | |
| North State Bank | 0.00% | 0.48% | |
| Amerisave Mortgage Corporation | 0.00% | 0.48% | |
| Angel Oak Home Loans | 0.00% | 0.48% | |
| Cardinal Financial Company | 0.01% | 0.48% | |
| Northpointe Bank | 0.01% | 0.48% | |
| Homeside Financial | 0.02% | 0.48% | |
| Union Home Mortgage | 0.02% | 0.48% | |
| SunTrust Bank | 0.02% | 0.48% | |
| Carrington Mortgage Services | 0.02% | 10.10% | |
| TowneBank | 0.02% | 0.48% | |
| Home Point Financial Corporation | 0.03% | 1.92% | |
| Fairway Independent Mortgage Corporation | 0.03% | 1.44% | |
| Capital City Home Loans | 0.03% | 0.48% | |
| Guaranteed Rate | 0.03% | 4.33% | |
| On Q Financial | 0.06% | 1.92% | |
| loanDepot | 0.07% | 4.81% | |
| Mr. Cooper | 0.07% | 6.25% | |
| Freedom Mortgage Corporation | 0.11% | 4.81% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.06% | 15.41% | |
| Truist Bank | -0.04% | 12.19% | |
| First National Bank of Pennsylvania | -0.02% | 7.53% | |
| Bank of America | -0.02% | 7.89% | |
| First Bank NC and SC | -0.00% | 2.15% | |
| Sharonview Federal CU | 0.01% | 0.72% | |
| PNC Bank | 0.01% | 3.23% | |
| Equity Resources | 0.01% | 0.72% | |
| Homeside Financial | 0.02% | 0.36% | |
| Resource Financial Services | 0.02% | 0.72% | |
| Quicken Loans | 0.02% | 1.08% | |
| Fairway Independent Mortgage Corporation | 0.02% | 0.36% | |
| Caliber Home Loans | 0.02% | 0.36% | |
| North State Bank | 0.02% | 1.43% | |
| Atlantic Bay Mortgage Group | 0.02% | 5.02% | |
| Navy Federal Credit Union | 0.02% | 1.08% | |
| Blue Ridge Bank | 0.02% | 0.72% | |
| Movement Mortgage | 0.02% | 0.72% | |
| Cardinal Financial Company | 0.02% | 0.36% | |
| SunTrust Bank | 0.03% | 6.81% | |
| South State Bank | 0.03% | 1.08% | |
| US Bank | 0.03% | 2.51% | |
| Northpointe Bank | 0.03% | 0.72% | |
| First Citizens Bank | 0.03% | 5.73% | |
| TowneBank | 0.03% | 3.58% | |
| State Employees’ Credit Union | 0.03% | 0.72% | |
| JPMorgan Chase Bank | 0.05% | 7.53% | |
| Guaranteed Rate | 0.05% | 9.32% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.07% | 17.80% | |
| Truist Bank | -0.05% | 11.52% | |
| Bank of America | -0.03% | 7.33% | |
| First National Bank of Pennsylvania | -0.03% | 6.28% | |
| First Bank NC and SC | 0.00% | 3.14% | |
| TowneBank | 0.00% | 1.57% | |
| PNC Bank | 0.01% | 2.09% | |
| Sharonview Federal CU | 0.02% | 0.52% | |
| North State Bank | 0.02% | 1.05% | |
| Equity Resources | 0.02% | 1.05% | |
| Homeside Financial | 0.02% | 0.52% | |
| South State Bank | 0.02% | 0.52% | |
| Quicken Loans | 0.02% | 1.05% | |
| First Citizens Bank | 0.03% | 3.66% | |
| Navy Federal Credit Union | 0.03% | 1.05% | |
| Blue Ridge Bank | 0.03% | 0.52% | |
| Resource Financial Services | 0.03% | 0.52% | |
| Movement Mortgage | 0.03% | 1.05% | |
| Cardinal Financial Company | 0.03% | 0.52% | |
| US Bank | 0.03% | 2.09% | |
| SunTrust Bank | 0.03% | 8.90% | |
| Northpointe Bank | 0.03% | 1.05% | |
| Atlantic Bay Mortgage Group | 0.04% | 4.19% | |
| State Employees’ Credit Union | 0.04% | 1.05% | |
| JPMorgan Chase Bank | 0.06% | 9.42% | |
| Guaranteed Rate | 0.07% | 11.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Truist Bank | -0.04% | 13.64% | |
| First National Bank of Pennsylvania | -0.02% | 10.23% | |
| Sharonview Federal CU | -0.01% | 1.14% | |
| Bank of America | -0.01% | 9.09% | |
| Atlantic Bay Mortgage Group | -0.01% | 6.82% | |
| Resource Financial Services | -0.00% | 1.14% | |
| PNC Bank | 0.00% | 5.68% | |
| Guaranteed Rate | 0.00% | 4.55% | |
| Quicken Loans | 0.01% | 1.14% | |
| Navy Federal Credit Union | 0.01% | 1.14% | |
| Fairway Independent Mortgage Corporation | 0.01% | 1.14% | |
| Caliber Home Loans | 0.01% | 1.14% | |
| Wells Fargo Bank | 0.01% | 10.23% | |
| Blue Ridge Bank | 0.01% | 1.14% | |
| North State Bank | 0.01% | 2.27% | |
| JPMorgan Chase Bank | 0.02% | 3.41% | |
| SunTrust Bank | 0.02% | 2.27% | |
| US Bank | 0.02% | 3.41% | |
| South State Bank | 0.02% | 2.27% | |
| First Citizens Bank | 0.02% | 10.23% | |
| TowneBank | 0.03% | 7.95% |
* Data is compiled for the Wilmington, NC commuting zone area, which comprises of counties of Brunswick County, NC, New Hanover County, NC, and Pender County, NC. This includes cities/towns/communities of Wilmington, NC as well as Leland, NC, Oak Island, NC, Murraysville, NC, Sunset Beach, NC, Hampstead, NC, Shallotte, NC, Sea Breeze, NC, Carolina Beach, NC, Myrtle Grove, NC, Surf City, NC, Carolina Shores, NC, St. James, NC, Silver Lake, NC, Ogden, NC, Porters Neck, NC, Ocean Isle Beach, NC, Wrightsboro, NC, Kings Grant, NC, Southport, NC, Northchase, NC, Boiling Spring Lakes, NC, Holden Beach, NC, Burgaw, NC, Rocky Point, NC, Belville, NC, Wrightsville Beach, NC, Kure Beach, NC, Bolivia, NC, Northwest, NC, Bald Head Island, NC, Varnamtown, NC, Topsail Beach, NC, Watha, NC, Atkinson, NC, and Navassa, 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 Wilmington, NC area. For mortgage lender rankings in other cities, click here.