Top Mortgage Lenders in Florence, SC

Which mortgage lender in the Florence, SC 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, SC 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, SC area is First Reliance Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.14%. This means that First Reliance Bank provided a -0.14% lower interest rate for its customers than other lenders in Florence, SC for a similar set of borrowers. First Reliance Bank has a market share of 6.8%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 15.4%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.02% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Florence, SC 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, SC is First Reliance Bank. 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 Suntrust Banks, Inc. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Reliance Bank. The cheapest VA mortgage provider is Navy Federal Credit Union. 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 Florence, SC

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Reliance Bank 1, -0.14% 6.81%
First-Citizens Bank & Trust Co 2, -0.11% 8.85%
Truist Bank 3, -0.11% 3.56%
South State Bank 4, -0.10% 3.30%
Suntrust Banks, Inc 5, -0.06% 1.83%
Navy Federal Credit Union 6, -0.05% 2.03%
Wells Fargo Bank 7, -0.04% 5.34%
Magnolia Bank Incorporated 8, -0.04% 1.73%
Resource Financial Services, Inc 9, -0.03% 1.63%
Movement Mortgage 10, -0.01% 3.86%
Usaa Federal Savings Bank 11, -0.00% 1.73%
Fairway Independent Mort Corp 12, 0.02% 10.02%
Quicken Loans 13, 0.02% 15.40%
Guaranty Home Mortgage Corporation 14, 0.02% 2.14%
LoanDepot 15, 0.04% 2.90%
Guild Mortgage Company 16, 0.04% 1.78%
RPM Mortgage 17, 0.04% 3.00%
Nationstar Mortgage 18, 0.05% 1.78%
Guaranteed Rate Inc 19, 0.06% 8.39%
Finance of America Mortgage 20, 0.13% 11.74%
Founders Federal Credit Union 21, 0.13% 2.19%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Reliance Bank 1, -0.18% 7.15%
South State Bank 2, -0.13% 2.85%
First-Citizens Bank & Trust Co 3, -0.12% 7.84%
Truist Bank 4, -0.11% 2.98%
Magnolia Bank Incorporated 5, -0.07% 1.11%
Suntrust Banks, Inc 6, -0.07% 2.29%
Wells Fargo Bank 7, -0.06% 5.48%
Navy Federal Credit Union 8, -0.06% 2.43%
Resource Financial Services, Inc 9, -0.03% 2.01%
Movement Mortgage 10, -0.01% 5.07%
Usaa Federal Savings Bank 11, -0.00% 1.94%
Quicken Loans 12, -0.00% 8.12%
Fairway Independent Mort Corp 13, 0.02% 12.98%
Guaranty Home Mortgage Corporation 14, 0.03% 2.15%
Nationstar Mortgage 15, 0.04% 0.76%
RPM Mortgage 16, 0.04% 4.09%
Guild Mortgage Company 17, 0.04% 2.36%
Guaranteed Rate Inc 18, 0.06% 10.62%
LoanDepot 19, 0.08% 1.73%
Finance of America Mortgage 20, 0.14% 14.57%
Founders Federal Credit Union 21, 0.16% 1.46%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.11% 5.13%
First-Citizens Bank & Trust Co 2, -0.11% 11.60%
South State Bank 3, -0.05% 4.56%
First Reliance Bank 4, -0.03% 5.89%
Magnolia Bank Incorporated 5, -0.01% 3.42%
Navy Federal Credit Union 6, -0.01% 0.95%
Guaranty Home Mortgage Corporation 7, -0.01% 2.09%
Suntrust Banks, Inc 8, -0.01% 0.57%
Guild Mortgage Company 9, -0.00% 0.19%
Fairway Independent Mort Corp 10, -0.00% 1.90%
Resource Financial Services, Inc 11, 0.00% 0.57%
LoanDepot 12, 0.00% 6.08%
Movement Mortgage 13, 0.00% 0.57%
Usaa Federal Savings Bank 14, 0.01% 1.14%
Guaranteed Rate Inc 15, 0.02% 2.28%
Wells Fargo Bank 16, 0.03% 4.94%
Quicken Loans 17, 0.03% 35.36%
Nationstar Mortgage 18, 0.05% 4.56%
Finance of America Mortgage 19, 0.06% 3.99%
Founders Federal Credit Union 20, 0.10% 4.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Reliance Bank 1, -0.11% 9.07%
First-Citizens Bank & Trust Co 2, -0.10% 13.66%
Truist Bank 3, -0.09% 5.81%
South State Bank 4, -0.08% 5.37%
Suntrust Banks, Inc 5, -0.05% 2.73%
Wells Fargo Bank 6, -0.02% 8.55%
Guild Mortgage Company 7, 0.01% 1.23%
Guaranteed Rate Inc 8, 0.02% 6.17%
Resource Financial Services, Inc 9, 0.02% 0.70%
RPM Mortgage 10, 0.02% 1.67%
LoanDepot 11, 0.03% 1.41%
Movement Mortgage 12, 0.04% 4.41%
Fairway Independent Mort Corp 13, 0.04% 6.34%
Magnolia Bank Incorporated 14, 0.04% 0.79%
Usaa Federal Savings Bank 15, 0.05% 1.41%
Nationstar Mortgage 16, 0.07% 0.70%
Finance of America Mortgage 17, 0.08% 8.11%
Quicken Loans 18, 0.09% 14.80%
Guaranty Home Mortgage Corporation 19, 0.11% 1.85%
Navy Federal Credit Union 20, 0.15% 1.41%
Founders Federal Credit Union 21, 0.15% 3.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Reliance Bank 1, -0.13% 9.56%
South State Bank 2, -0.11% 4.78%
First-Citizens Bank & Trust Co 3, -0.10% 12.40%
Truist Bank 4, -0.08% 5.30%
Suntrust Banks, Inc 5, -0.04% 3.75%
Wells Fargo Bank 6, -0.03% 9.17%
Guild Mortgage Company 7, 0.02% 1.68%
Guaranteed Rate Inc 8, 0.03% 8.01%
Resource Financial Services, Inc 9, 0.03% 0.90%
RPM Mortgage 10, 0.03% 2.45%
LoanDepot 11, 0.04% 0.13%
Movement Mortgage 12, 0.05% 6.20%
Magnolia Bank Incorporated 13, 0.05% 0.78%
Fairway Independent Mort Corp 14, 0.06% 8.66%
Nationstar Mortgage 15, 0.06% 0.13%
Usaa Federal Savings Bank 16, 0.07% 1.55%
Quicken Loans 17, 0.08% 8.01%
Finance of America Mortgage 18, 0.08% 10.08%
Guaranty Home Mortgage Corporation 19, 0.15% 2.07%
Navy Federal Credit Union 20, 0.19% 1.68%
Founders Federal Credit Union 21, 0.19% 2.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.12% 6.93%
First-Citizens Bank & Trust Co 2, -0.11% 16.34%
South State Bank 3, -0.06% 6.65%
First Reliance Bank 4, -0.03% 8.03%
Fairway Independent Mort Corp 5, -0.03% 1.39%
Suntrust Banks, Inc 6, -0.02% 0.55%
Guaranty Home Mortgage Corporation 7, -0.01% 1.39%
Guild Mortgage Company 8, -0.01% 0.28%
Movement Mortgage 9, -0.01% 0.55%
Navy Federal Credit Union 10, -0.00% 0.83%
Usaa Federal Savings Bank 11, 0.00% 1.11%
Resource Financial Services, Inc 12, 0.00% 0.28%
LoanDepot 13, 0.00% 4.16%
Magnolia Bank Incorporated 14, 0.03% 0.83%
Wells Fargo Bank 15, 0.03% 7.20%
Guaranteed Rate Inc 16, 0.03% 2.22%
Nationstar Mortgage 17, 0.05% 1.94%
Quicken Loans 18, 0.07% 29.36%
Finance of America Mortgage 19, 0.07% 3.88%
Founders Federal Credit Union 20, 0.10% 6.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Reliance Bank 1, -0.26% 4.75%
Magnolia Bank Incorporated 2, -0.14% 2.04%
Movement Mortgage 3, -0.12% 3.57%
Guaranty Home Mortgage Corporation 4, -0.11% 2.38%
Quicken Loans 5, -0.11% 16.13%
Resource Financial Services, Inc 6, -0.08% 3.06%
First-Citizens Bank & Trust Co 7, -0.07% 2.72%
South State Bank 8, -0.05% 0.51%
Fairway Independent Mort Corp 9, -0.03% 16.98%
Nationstar Mortgage 10, 0.02% 3.40%
RPM Mortgage 11, 0.02% 4.75%
LoanDepot 12, 0.04% 3.74%
Guild Mortgage Company 13, 0.04% 3.40%
Guaranteed Rate Inc 14, 0.09% 12.73%
Finance of America Mortgage 15, 0.16% 19.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Reliance Bank 1, -0.28% 5.24%
Magnolia Bank Incorporated 2, -0.18% 1.81%
Guaranty Home Mortgage Corporation 3, -0.15% 2.02%
Movement Mortgage 4, -0.13% 4.23%
Quicken Loans 5, -0.12% 8.67%
Resource Financial Services, Inc 6, -0.09% 3.63%
First-Citizens Bank & Trust Co 7, -0.09% 3.02%
South State Bank 8, -0.06% 0.60%
Fairway Independent Mort Corp 9, -0.05% 19.56%
Nationstar Mortgage 10, 0.00% 1.41%
RPM Mortgage 11, 0.01% 5.65%
Guild Mortgage Company 12, 0.03% 4.03%
LoanDepot 13, 0.04% 3.23%
Guaranteed Rate Inc 14, 0.09% 14.52%
Finance of America Mortgage 15, 0.16% 22.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.04% 55.91%
Magnolia Bank Incorporated 2, 0.01% 3.23%
Guaranty Home Mortgage Corporation 3, 0.01% 4.30%
First Reliance Bank 4, 0.03% 2.15%
Guaranteed Rate Inc 5, 0.04% 3.23%
First-Citizens Bank & Trust Co 6, 0.05% 1.08%
Fairway Independent Mort Corp 7, 0.06% 3.23%
Finance of America Mortgage 8, 0.06% 6.45%
LoanDepot 9, 0.07% 6.45%
Nationstar Mortgage 10, 0.08% 13.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Suntrust Banks, Inc 1, -0.00% 50.00%
First Reliance Bank 2, 0.00% 12.50%
Truist Bank 3, 0.00% 37.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Suntrust Banks, Inc 1, -0.00% 60.00%
First Reliance Bank 2, 0.00% 20.00%
Truist Bank 3, 0.00% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Suntrust Banks, Inc 1, 0.00% 33.33%
Truist Bank 2, 0.00% 66.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.19% 10.21%
Wells Fargo Bank 2, -0.05% 3.40%
Usaa Federal Savings Bank 3, -0.04% 7.66%
Magnolia Bank Incorporated 4, -0.03% 5.53%
Movement Mortgage 5, -0.03% 2.13%
First Reliance Bank 6, -0.03% 0.85%
Truist Bank 7, -0.02% 0.43%
South State Bank 8, -0.02% 0.43%
First-Citizens Bank & Trust Co 9, -0.01% 1.28%
Guild Mortgage Company 10, -0.01% 0.43%
Resource Financial Services, Inc 11, -0.00% 2.55%
Guaranteed Rate Inc 12, -0.00% 8.51%
Suntrust Banks, Inc 13, -0.00% 0.43%
LoanDepot 14, 0.01% 8.09%
Nationstar Mortgage 15, 0.01% 2.98%
Guaranty Home Mortgage Corporation 16, 0.03% 2.98%
Quicken Loans 17, 0.05% 17.02%
RPM Mortgage 18, 0.05% 5.11%
Fairway Independent Mort Corp 19, 0.06% 10.64%
Finance of America Mortgage 20, 0.09% 9.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.20% 13.25%
Usaa Federal Savings Bank 2, -0.04% 9.64%
Wells Fargo Bank 3, -0.04% 4.82%
Movement Mortgage 4, -0.03% 2.41%
First Reliance Bank 5, -0.02% 1.20%
Truist Bank 6, -0.02% 0.60%
South State Bank 7, -0.01% 0.60%
First-Citizens Bank & Trust Co 8, -0.01% 1.20%
Guild Mortgage Company 9, -0.00% 0.60%
Guaranteed Rate Inc 10, 0.00% 11.45%
Resource Financial Services, Inc 11, 0.00% 2.41%
Suntrust Banks, Inc 12, 0.01% 0.60%
Magnolia Bank Incorporated 13, 0.01% 0.60%
Nationstar Mortgage 14, 0.01% 1.81%
Quicken Loans 15, 0.02% 7.23%
Guaranty Home Mortgage Corporation 16, 0.04% 3.01%
RPM Mortgage 17, 0.06% 7.23%
LoanDepot 18, 0.06% 4.82%
Fairway Independent Mort Corp 19, 0.08% 13.86%
Finance of America Mortgage 20, 0.10% 12.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Magnolia Bank Incorporated 1, -0.05% 17.39%
Navy Federal Credit Union 2, -0.05% 2.90%
LoanDepot 3, -0.04% 15.94%
Guaranteed Rate Inc 4, -0.03% 1.45%
Resource Financial Services, Inc 5, -0.03% 2.90%
Guaranty Home Mortgage Corporation 6, -0.02% 2.90%
First-Citizens Bank & Trust Co 7, -0.02% 1.45%
Usaa Federal Savings Bank 8, -0.01% 2.90%
Fairway Independent Mort Corp 9, -0.01% 2.90%
Movement Mortgage 10, -0.01% 1.45%
Nationstar Mortgage 11, 0.00% 5.80%
Finance of America Mortgage 12, 0.01% 1.45%
Quicken Loans 13, 0.05% 40.58%

* Data is compiled for the Florence, SC commuting zone area, which comprises of counties of Chesterfield County, SC, Darlington County, SC, Dillon County, SC, Florence County, SC, Marion County, SC, and Marlboro County, SC. This includes cities/towns/communities of Florence, SC as well as Hartsville, SC, Darlington, SC, Cheraw, SC, Marion, SC, Bennettsville, SC, Pageland, SC, Pamplico, SC, North Hartsville, SC, Chesterfield, SC, Dillon, SC, Latta, SC, Mullins, SC, Lake City, SC, Johnsonville, SC, Jefferson, SC, Patrick, SC, Lake View, SC, Wallace, SC, Lamar, SC, Ruby, SC, Lydia, SC, Timmonsville, SC, Olanta, SC, McColl, SC, Society Hill, SC, Scranton, SC, McBee, SC, Blenheim, SC, Coward, SC, and Clio, SC. 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 Florence, SC area. For mortgage lender rankings of other cities, click here.