Top Mortgage Lenders in the Swanton, MD area

Which mortgage lender in the Swanton, MD 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 Swanton, MD 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 Swanton, MD area is First Peoples Cfcu, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.11%. This means that First Peoples Cfcu provided a -0.11% lower interest rate for its customers than other lenders in Swanton, MD for a similar set of borrowers. First Peoples Cfcu has a market share of 30.7%. It is also the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Swanton, MD 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 Swanton, MD is First Peoples Cfcu. 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 Truist Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Guaranty Home Mortgage Corporation. The cheapest VA mortgage provider is Wells Fargo 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
First Peoples Cfcu 1, -0.11% 30.74%
Guaranty Home Mortgage Corporation 2, -0.05% 4.65%
Citizens Bank 3, -0.01% 8.87%
Truist Bank 4, 0.02% 6.71%
Wells Fargo Bank 5, 0.02% 3.68%
C&F Mortgage Corp 6, 0.03% 8.12%
ALCOVA Mortgage 7, 0.05% 6.06%
Millennium Financial Group Inc 8, 0.07% 8.66%
Quicken Loans 9, 0.11% 16.99%
Homespire Mortgage Corporation 10, 0.11% 5.52%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Peoples Cfcu 1, -0.15% 15.44%
Guaranty Home Mortgage Corporation 2, -0.07% 7.14%
Citizens Bank 3, -0.02% 11.39%
Wells Fargo Bank 4, 0.00% 4.83%
Truist Bank 5, 0.01% 9.27%
C&F Mortgage Corp 6, 0.02% 12.55%
ALCOVA Mortgage 7, 0.05% 9.46%
Millennium Financial Group Inc 8, 0.07% 13.71%
Quicken Loans 9, 0.07% 8.49%
Homespire Mortgage Corporation 10, 0.11% 7.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Peoples Cfcu 1, -0.09% 50.25%
Truist Bank 2, 0.01% 3.45%
Citizens Bank 3, 0.02% 5.67%
ALCOVA Mortgage 4, 0.04% 1.72%
C&F Mortgage Corp 5, 0.05% 2.46%
Guaranty Home Mortgage Corporation 6, 0.05% 1.48%
Millennium Financial Group Inc 7, 0.06% 2.22%
Wells Fargo Bank 8, 0.06% 2.22%
Homespire Mortgage Corporation 9, 0.11% 2.71%
Quicken Loans 10, 0.13% 27.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Peoples Cfcu 1, -0.10% 41.65%
Citizens Bank 2, -0.00% 10.78%
Guaranty Home Mortgage Corporation 3, -0.00% 2.22%
Truist Bank 4, 0.02% 7.24%
Wells Fargo Bank 5, 0.03% 4.14%
C&F Mortgage Corp 6, 0.03% 5.02%
ALCOVA Mortgage 7, 0.07% 2.51%
Millennium Financial Group Inc 8, 0.09% 9.90%
Homespire Mortgage Corporation 9, 0.11% 3.10%
Quicken Loans 10, 0.18% 13.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Peoples Cfcu 1, -0.14% 23.19%
Guaranty Home Mortgage Corporation 2, -0.02% 3.48%
Citizens Bank 3, -0.02% 14.49%
Wells Fargo Bank 4, 0.01% 5.80%
Truist Bank 5, 0.03% 11.59%
C&F Mortgage Corp 6, 0.03% 8.41%
ALCOVA Mortgage 7, 0.07% 4.64%
Millennium Financial Group Inc 8, 0.09% 16.81%
Homespire Mortgage Corporation 9, 0.10% 3.77%
Quicken Loans 10, 0.11% 7.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Peoples Cfcu 1, -0.08% 60.84%
Truist Bank 2, 0.01% 2.71%
Citizens Bank 3, 0.02% 6.93%
C&F Mortgage Corp 4, 0.03% 1.51%
ALCOVA Mortgage 5, 0.05% 0.30%
Millennium Financial Group Inc 6, 0.06% 2.71%
Wells Fargo Bank 7, 0.07% 2.41%
Guaranty Home Mortgage Corporation 8, 0.08% 0.90%
Homespire Mortgage Corporation 9, 0.13% 2.41%
Quicken Loans 10, 0.21% 19.28%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranty Home Mortgage Corporation 1, -0.12% 12.00%
Citizens Bank 2, -0.03% 3.43%
Millennium Financial Group Inc 3, -0.02% 6.29%
Quicken Loans 4, -0.01% 27.43%
C&F Mortgage Corp 5, 0.00% 19.43%
Truist Bank 6, 0.02% 0.57%
ALCOVA Mortgage 7, 0.02% 19.43%
Homespire Mortgage Corporation 8, 0.13% 11.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranty Home Mortgage Corporation 1, -0.13% 14.62%
Citizens Bank 2, -0.03% 4.62%
Millennium Financial Group Inc 3, -0.02% 8.46%
C&F Mortgage Corp 4, -0.01% 22.31%
Quicken Loans 5, -0.01% 12.31%
ALCOVA Mortgage 6, 0.02% 23.85%
Homespire Mortgage Corporation 7, 0.13% 13.85%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 71.11%
ALCOVA Mortgage 2, 0.00% 6.67%
Guaranty Home Mortgage Corporation 3, 0.01% 4.44%
Truist Bank 4, 0.02% 2.22%
Homespire Mortgage Corporation 5, 0.05% 4.44%
C&F Mortgage Corp 6, 0.05% 11.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.01% 57.89%
Wells Fargo Bank 2, 0.01% 21.05%
Quicken Loans 3, 0.02% 10.53%
First Peoples Cfcu 4, 0.04% 10.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.01% 70.00%
Wells Fargo Bank 2, 0.02% 30.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.01% 44.44%
Wells Fargo Bank 2, -0.00% 11.11%
Quicken Loans 3, 0.00% 22.22%
First Peoples Cfcu 4, 0.03% 22.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.04% 3.77%
Guaranty Home Mortgage Corporation 2, -0.04% 13.21%
Citizens Bank 3, -0.03% 5.66%
Millennium Financial Group Inc 4, -0.00% 3.77%
C&F Mortgage Corp 5, 0.00% 13.21%
Truist Bank 6, 0.00% 1.89%
Quicken Loans 7, 0.00% 30.19%
ALCOVA Mortgage 8, 0.01% 9.43%
Homespire Mortgage Corporation 9, 0.03% 18.87%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.04% 6.06%
Guaranty Home Mortgage Corporation 2, -0.04% 18.18%
Citizens Bank 3, -0.03% 9.09%
Quicken Loans 4, -0.00% 3.03%
Millennium Financial Group Inc 5, -0.00% 6.06%
C&F Mortgage Corp 6, 0.00% 21.21%
Truist Bank 7, 0.01% 3.03%
ALCOVA Mortgage 8, 0.02% 6.06%
Homespire Mortgage Corporation 9, 0.04% 27.27%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranty Home Mortgage Corporation 1, -0.01% 5.00%
ALCOVA Mortgage 2, -0.00% 15.00%
Homespire Mortgage Corporation 3, 0.00% 5.00%
Quicken Loans 4, 0.00% 75.00%

* Data is compiled for the Swanton, MD commuting zone area, which comprises of counties of Allegany County, MD, Garrett County, MD, Grant County, WV, Hardy County, WV, and Mineral County, WV. This includes cities/towns/communities of Swanton, MD as well as Cumberland, MD, Fort Ashby, WV, Rawlings, MD, Petersburg, WV, Keyser, WV, Hutton, MD, Moorefield, WV, Loch Lynn Heights, MD, Wardensville, WV, Cresaptown, MD, Eckhart Mines, MD, Friendsville, MD, Spring Gap, MD, Burlington, WV, Frostburg, MD, Finzel, MD, Bowling Green, MD, Bayard, WV, Oldtown, MD, Grantsville, MD, Gilmore, MD, Wiley Ford, WV, Bowmans Addition, MD, Luke, MD, Potomac Park, MD, La Vale, MD, Pleasant Grove, MD, Ellerslie, MD, Zihlman, MD, Mount Savage, MD, Detmold, MD, and Piedmont, WV. 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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