Top Mortgage Lenders in the Florence, AL area

Which mortgage lender in the Florence, AL 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 Florence, AL 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 Florence, AL area is Trustmark National Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.10%. This means that Trustmark National Bank provided a -0.10% lower interest rate for its customers than other lenders in Florence, AL for a similar set of borrowers. Trustmark National Bank has a market share of 17.0%. It is also the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Florence, AL 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, the cheapest lender for Conventional mortgages in Florence, AL is Progress Bank and Trust. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is FirstBank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Trustmark National Bank. The cheapest VA mortgage provider is Trustmark National Bank. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.10% 16.99%
Progress Bank and Trust 2, -0.10% 2.33%
Fairway Independent Mort Corp 3, -0.06% 9.39%
First Federal Bank A FSB 4, -0.06% 4.97%
Mortgage Investors Group 5, -0.04% 6.32%
CB&S Bank 6, -0.03% 3.31%
SouthPoint Bank 7, -0.01% 4.11%
Bank Independent 8, -0.00% 8.77%
Renasant Bank 9, 0.00% 4.72%
Wells Fargo Bank 10, 0.01% 2.33%
FirstBank 11, 0.03% 3.44%
Regions Bank 12, 0.03% 8.53%
Bbva Usa 13, 0.07% 2.33%
Quicken Loans 14, 0.10% 12.39%
Assurance Financial Group 15, 0.12% 6.44%
Wolfe Financial Inc DBA Integrity Mortgage Group 16, 0.17% 3.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.10% 22.04%
Progress Bank and Trust 2, -0.08% 2.00%
First Federal Bank A FSB 3, -0.05% 5.84%
Bank Independent 4, -0.05% 7.32%
Mortgage Investors Group 5, -0.05% 6.45%
Fairway Independent Mort Corp 6, -0.04% 10.37%
CB&S Bank 7, -0.01% 3.05%
SouthPoint Bank 8, 0.00% 5.57%
Wells Fargo Bank 9, 0.02% 2.35%
Renasant Bank 10, 0.04% 4.62%
FirstBank 11, 0.04% 3.92%
Regions Bank 12, 0.04% 5.31%
Bbva Usa 13, 0.10% 2.00%
Quicken Loans 14, 0.13% 6.45%
Assurance Financial Group 15, 0.14% 7.84%
Wolfe Financial Inc DBA Integrity Mortgage Group 16, 0.19% 4.88%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Progress Bank and Trust 1, -0.13% 3.11%
Fairway Independent Mort Corp 2, -0.12% 7.05%
Trustmark National Bank 3, -0.09% 4.98%
Renasant Bank 4, -0.07% 4.98%
CB&S Bank 5, -0.07% 3.94%
First Federal Bank A FSB 6, -0.04% 2.90%
Mortgage Investors Group 7, -0.02% 6.02%
Wells Fargo Bank 8, -0.02% 2.28%
SouthPoint Bank 9, -0.01% 0.62%
FirstBank 10, -0.01% 2.28%
Assurance Financial Group 11, -0.01% 3.11%
Bbva Usa 12, 0.01% 3.11%
Wolfe Financial Inc DBA Integrity Mortgage Group 13, 0.01% 0.62%
Regions Bank 14, 0.01% 16.18%
Quicken Loans 15, 0.06% 26.56%
Bank Independent 16, 0.06% 12.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Progress Bank and Trust 1, -0.11% 3.23%
First Federal Bank A FSB 2, -0.08% 5.02%
Mortgage Investors Group 3, -0.06% 7.71%
Fairway Independent Mort Corp 4, -0.06% 8.96%
Trustmark National Bank 5, -0.05% 14.78%
CB&S Bank 6, -0.04% 4.39%
Bank Independent 7, -0.01% 11.56%
Renasant Bank 8, -0.00% 5.47%
Wells Fargo Bank 9, 0.01% 2.87%
FirstBank 10, 0.01% 3.49%
Regions Bank 11, 0.03% 11.20%
Bbva Usa 12, 0.06% 3.14%
Assurance Financial Group 13, 0.08% 3.41%
SouthPoint Bank 14, 0.09% 2.42%
Wolfe Financial Inc DBA Integrity Mortgage Group 15, 0.13% 2.33%
Quicken Loans 16, 0.13% 10.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Progress Bank and Trust 1, -0.10% 2.91%
First Federal Bank A FSB 2, -0.08% 6.10%
Mortgage Investors Group 3, -0.07% 7.91%
Bank Independent 4, -0.06% 9.99%
Trustmark National Bank 5, -0.03% 20.25%
Fairway Independent Mort Corp 6, -0.02% 9.99%
CB&S Bank 7, -0.02% 4.30%
Wells Fargo Bank 8, 0.02% 2.91%
FirstBank 9, 0.03% 4.16%
Regions Bank 10, 0.04% 7.21%
Renasant Bank 11, 0.05% 5.13%
Bbva Usa 12, 0.10% 2.91%
SouthPoint Bank 13, 0.11% 3.33%
Assurance Financial Group 14, 0.11% 4.16%
Quicken Loans 15, 0.11% 5.27%
Wolfe Financial Inc DBA Integrity Mortgage Group 16, 0.14% 3.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fairway Independent Mort Corp 1, -0.14% 7.09%
Progress Bank and Trust 2, -0.13% 3.80%
Trustmark National Bank 3, -0.11% 4.81%
Renasant Bank 4, -0.08% 6.08%
CB&S Bank 5, -0.08% 4.56%
First Federal Bank A FSB 6, -0.05% 3.04%
Mortgage Investors Group 7, -0.02% 7.34%
Wells Fargo Bank 8, -0.02% 2.78%
FirstBank 9, -0.02% 2.28%
SouthPoint Bank 10, -0.02% 0.76%
Wolfe Financial Inc DBA Integrity Mortgage Group 11, -0.00% 0.25%
Bbva Usa 12, 0.00% 3.54%
Assurance Financial Group 13, 0.00% 2.03%
Regions Bank 14, 0.01% 18.48%
Bank Independent 15, 0.06% 14.43%
Quicken Loans 16, 0.12% 18.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.19% 24.10%
Fairway Independent Mort Corp 2, -0.08% 9.74%
SouthPoint Bank 3, -0.06% 9.23%
Bank Independent 4, -0.01% 1.28%
First Federal Bank A FSB 5, 0.00% 4.87%
Renasant Bank 6, 0.01% 3.85%
Regions Bank 7, 0.04% 1.79%
Progress Bank and Trust 8, 0.05% 0.51%
CB&S Bank 9, 0.05% 1.03%
Mortgage Investors Group 10, 0.06% 2.56%
Bbva Usa 11, 0.06% 0.51%
Quicken Loans 12, 0.07% 17.95%
FirstBank 13, 0.07% 2.05%
Assurance Financial Group 14, 0.18% 13.33%
Wolfe Financial Inc DBA Integrity Mortgage Group 15, 0.25% 7.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.20% 27.25%
Fairway Independent Mort Corp 2, -0.08% 11.38%
SouthPoint Bank 3, -0.06% 10.78%
Bank Independent 4, -0.01% 1.50%
First Federal Bank A FSB 5, 0.00% 5.09%
Renasant Bank 6, 0.01% 4.49%
Regions Bank 7, 0.02% 1.50%
Progress Bank and Trust 8, 0.05% 0.60%
CB&S Bank 9, 0.05% 1.20%
Mortgage Investors Group 10, 0.07% 2.99%
Bbva Usa 11, 0.07% 0.60%
FirstBank 12, 0.07% 2.40%
Quicken Loans 13, 0.17% 8.08%
Assurance Financial Group 14, 0.19% 14.37%
Wolfe Financial Inc DBA Integrity Mortgage Group 15, 0.27% 7.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Assurance Financial Group 1, -0.01% 7.14%
Quicken Loans 2, -0.01% 76.79%
Trustmark National Bank 3, 0.01% 5.36%
First Federal Bank A FSB 4, 0.02% 3.57%
Wolfe Financial Inc DBA Integrity Mortgage Group 5, 0.06% 3.57%
Regions Bank 6, 0.06% 3.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
FirstBank 1, -0.00% 9.09%
Wells Fargo Bank 2, -0.00% 18.18%
Quicken Loans 3, -0.00% 9.09%
Assurance Financial Group 4, -0.00% 9.09%
Bank Independent 5, -0.00% 9.09%
Regions Bank 6, 0.00% 36.36%
Bbva Usa 7, 0.01% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.00% 50.00%
Bank Independent 2, 0.00% 25.00%
Regions Bank 3, 0.00% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
FirstBank 1, -0.01% 14.29%
Quicken Loans 2, -0.00% 14.29%
Assurance Financial Group 3, -0.00% 14.29%
Regions Bank 4, 0.00% 42.86%
Bbva Usa 5, 0.00% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.06% 15.93%
Bank Independent 2, -0.04% 7.08%
Wells Fargo Bank 3, -0.03% 3.54%
Mortgage Investors Group 4, -0.03% 6.19%
Fairway Independent Mort Corp 5, -0.02% 13.27%
Regions Bank 6, -0.02% 2.65%
CB&S Bank 7, 0.00% 0.88%
First Federal Bank A FSB 8, 0.00% 5.31%
SouthPoint Bank 9, 0.00% 3.54%
Renasant Bank 10, 0.01% 0.88%
FirstBank 11, 0.01% 7.08%
Wolfe Financial Inc DBA Integrity Mortgage Group 12, 0.04% 4.42%
Assurance Financial Group 13, 0.05% 12.39%
Quicken Loans 14, 0.05% 16.81%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.07% 17.98%
Bank Independent 2, -0.05% 6.74%
Wells Fargo Bank 3, -0.03% 4.49%
Mortgage Investors Group 4, -0.03% 7.87%
Regions Bank 5, -0.02% 3.37%
Fairway Independent Mort Corp 6, -0.02% 10.11%
First Federal Bank A FSB 7, 0.01% 6.74%
SouthPoint Bank 8, 0.01% 4.49%
Renasant Bank 9, 0.01% 1.12%
FirstBank 10, 0.01% 7.87%
Wolfe Financial Inc DBA Integrity Mortgage Group 11, 0.04% 5.62%
Assurance Financial Group 12, 0.06% 13.48%
Quicken Loans 13, 0.08% 10.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fairway Independent Mort Corp 1, -0.03% 25.00%
Bank Independent 2, -0.02% 8.33%
Assurance Financial Group 3, -0.01% 8.33%
Trustmark National Bank 4, -0.01% 8.33%
CB&S Bank 5, -0.00% 4.17%
FirstBank 6, 0.00% 4.17%
Quicken Loans 7, 0.02% 41.67%

* Data is compiled for the Florence, AL commuting zone area, which comprises of counties of Colbert County, AL, Franklin County, AL, and Lauderdale County, AL. This includes cities/towns/communities of Florence, AL as well as Muscle Shoals, AL, Killen, AL, Sheffield, AL, Tuscumbia, AL, Russellville, AL, Rogersville, AL, Lexington, AL, Spruce Pine, AL, Anderson, AL, Underwood-Petersville, AL, Leighton, AL, Cherokee, AL, Red Bay, AL, Belgreen, AL, Vina, AL, and Waterloo, AL. 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.

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