Top Mortgage Lenders in Franklin, NC

Which mortgage lender in the Franklin, NC area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Franklin, NC area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Franklin, NC area is Wells Fargo Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.11%. This means that Wells Fargo Bank provided a -0.11% lower interest rate for its customers than other lenders in Franklin, NC for a similar set of borrowers. Wells Fargo Bank has a market share of 8.3%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 27.8%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.07% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Franklin, 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, Wells Fargo Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Franklin, NC. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Renasant Bank. The cheapest VA mortgage provider is Atlantic Bay Mortgage Group. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Franklin, NC

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.11% 8.32%
Renasant Bank 2, -0.07% 4.52%
United Community Bank 3, -0.06% 10.23%
State Employees’ Credit Union 4, -0.05% 7.85%
Usaa Federal Savings Bank 5, -0.05% 3.92%
Truist Bank 6, -0.04% 3.69%
Regions Bank 7, -0.03% 4.40%
Atlantic Bay Mortgage Group 8, -0.01% 7.73%
First-Citizens Bank & Trust Co 9, 0.01% 5.11%
HomeStar Financial Corporation 10, 0.06% 16.41%
Quicken Loans 11, 0.07% 27.82%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.14% 9.85%
Regions Bank 2, -0.09% 3.53%
Renasant Bank 3, -0.08% 5.58%
Usaa Federal Savings Bank 4, -0.06% 5.20%
United Community Bank 5, -0.05% 8.74%
Truist Bank 6, -0.05% 4.28%
Atlantic Bay Mortgage Group 7, -0.01% 10.41%
First-Citizens Bank & Trust Co 8, -0.00% 5.02%
State Employees’ Credit Union 9, 0.03% 5.20%
HomeStar Financial Corporation 10, 0.06% 23.79%
Quicken Loans 11, 0.09% 18.40%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Employees’ Credit Union 1, -0.11% 12.54%
United Community Bank 2, -0.07% 12.87%
Truist Bank 3, -0.03% 2.64%
Usaa Federal Savings Bank 4, -0.03% 1.65%
Wells Fargo Bank 5, -0.02% 5.61%
Renasant Bank 6, -0.02% 2.64%
Atlantic Bay Mortgage Group 7, -0.01% 2.97%
HomeStar Financial Corporation 8, -0.00% 3.30%
Regions Bank 9, 0.03% 5.94%
First-Citizens Bank & Trust Co 10, 0.03% 5.28%
Quicken Loans 11, 0.05% 44.55%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.13% 8.58%
Renasant Bank 2, -0.07% 4.14%
Usaa Federal Savings Bank 3, -0.07% 3.25%
United Community Bank 4, -0.06% 11.54%
State Employees’ Credit Union 5, -0.06% 9.76%
Truist Bank 6, -0.05% 3.70%
Regions Bank 7, -0.04% 4.44%
First-Citizens Bank & Trust Co 8, 0.01% 5.77%
Atlantic Bay Mortgage Group 9, 0.01% 6.80%
HomeStar Financial Corporation 10, 0.05% 14.64%
Quicken Loans 11, 0.08% 27.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.16% 10.51%
Regions Bank 2, -0.10% 3.97%
Renasant Bank 3, -0.09% 5.14%
Usaa Federal Savings Bank 4, -0.07% 4.44%
Truist Bank 5, -0.05% 4.44%
United Community Bank 6, -0.05% 9.81%
First-Citizens Bank & Trust Co 7, -0.00% 5.84%
Atlantic Bay Mortgage Group 8, 0.02% 8.88%
State Employees’ Credit Union 9, 0.02% 6.54%
HomeStar Financial Corporation 10, 0.06% 21.26%
Quicken Loans 11, 0.11% 19.16%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Employees’ Credit Union 1, -0.11% 15.32%
United Community Bank 2, -0.07% 14.52%
Truist Bank 3, -0.04% 2.42%
Usaa Federal Savings Bank 4, -0.03% 1.21%
Renasant Bank 5, -0.02% 2.42%
Wells Fargo Bank 6, -0.01% 5.24%
HomeStar Financial Corporation 7, -0.01% 3.23%
Atlantic Bay Mortgage Group 8, -0.01% 3.23%
First-Citizens Bank & Trust Co 9, 0.04% 5.65%
Regions Bank 10, 0.04% 5.24%
Quicken Loans 11, 0.07% 41.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.08% 8.45%
Atlantic Bay Mortgage Group 2, -0.07% 14.08%
United Community Bank 3, -0.03% 4.23%
Regions Bank 4, -0.02% 1.41%
Quicken Loans 5, -0.01% 33.80%
Wells Fargo Bank 6, 0.01% 1.41%
HomeStar Financial Corporation 7, 0.06% 36.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.08% 11.11%
Atlantic Bay Mortgage Group 2, -0.07% 16.67%
Quicken Loans 3, -0.03% 18.52%
United Community Bank 4, -0.02% 5.56%
Regions Bank 5, -0.02% 1.85%
Wells Fargo Bank 6, 0.01% 1.85%
HomeStar Financial Corporation 7, 0.06% 44.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Atlantic Bay Mortgage Group 1, -0.01% 5.88%
Quicken Loans 2, -0.00% 82.35%
HomeStar Financial Corporation 3, 0.02% 11.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.03% 38.46%
Truist Bank 2, 0.02% 19.23%
Regions Bank 3, 0.02% 23.08%
Atlantic Bay Mortgage Group 4, 0.02% 3.85%
Quicken Loans 5, 0.02% 7.69%
United Community Bank 6, 0.03% 7.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.03% 54.55%
Truist Bank 2, 0.03% 27.27%
Atlantic Bay Mortgage Group 3, 0.04% 9.09%
Regions Bank 4, 0.04% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.02% 26.67%
Regions Bank 2, 0.00% 33.33%
Quicken Loans 3, 0.01% 13.33%
Truist Bank 4, 0.01% 13.33%
United Community Bank 5, 0.01% 13.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Atlantic Bay Mortgage Group 1, -0.05% 11.76%
First-Citizens Bank & Trust Co 2, -0.04% 5.88%
Renasant Bank 3, -0.04% 5.88%
Usaa Federal Savings Bank 4, -0.03% 16.18%
United Community Bank 5, -0.02% 4.41%
Truist Bank 6, -0.02% 1.47%
Wells Fargo Bank 7, -0.00% 1.47%
Quicken Loans 8, 0.00% 33.82%
HomeStar Financial Corporation 9, 0.08% 19.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Atlantic Bay Mortgage Group 1, -0.05% 17.78%
Renasant Bank 2, -0.05% 4.44%
First-Citizens Bank & Trust Co 3, -0.04% 4.44%
Usaa Federal Savings Bank 4, -0.03% 20.00%
Quicken Loans 5, -0.02% 15.56%
United Community Bank 6, -0.02% 4.44%
Truist Bank 7, -0.02% 2.22%
Wells Fargo Bank 8, -0.00% 2.22%
HomeStar Financial Corporation 9, 0.08% 28.89%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First-Citizens Bank & Trust Co 1, -0.03% 8.70%
United Community Bank 2, -0.03% 4.35%
Usaa Federal Savings Bank 3, -0.03% 8.70%
Renasant Bank 4, -0.03% 8.70%
Quicken Loans 5, 0.01% 69.57%

* Data is compiled for the Franklin, NC commuting zone area, which comprises of counties of Rabun County, GA, Jackson County, NC, Macon County, NC, and Swain County, NC. This includes cities/towns/communities of Franklin, NC as well as Cashiers, NC, Bryson City, NC, Sylva, NC, Highlands, NC, Tallulah Falls, GA, Cullowhee, NC, Dillard, GA, Glenville, NC, Mountain City, GA, Clayton, GA, Cherokee, NC, and Cherokee, NC. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from 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 based on the MSA, 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 for Other Cities

This page ranks the top mortgage lenders in the Franklin, NC area. For mortgage lender rankings of other cities, click here.