Top Mortgage Lenders in Wise, VA

Which mortgage lender in the Wise, VA 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 Wise, VA 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 Wise, VA area is Quicken Loans, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Quicken Loans provided a -0.07% lower interest rate for its customers than other lenders in Wise, VA for a similar set of borrowers. Quicken Loans has a market share of 26.8%. On the other hand, the most popular lender in the market is Eastman Credit Union, with a market share of 73.2%. Eastman Credit Union is an average rate lender in this area, with a “Rate Difference” of +0.03% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Wise, VA 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 Wise, VA is Quicken Loans. 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 Eastman Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Quicken Loans. The cheapest VA mortgage provider is Eastman 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 Wise, VA

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.07% 26.82%
Eastman Credit Union 2, 0.03% 73.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.10% 13.68%
Eastman Credit Union 2, 0.02% 86.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.03% 51.61%
Eastman Credit Union 2, 0.03% 48.39%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.06% 11.89%
Eastman Credit Union 2, 0.01% 88.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.11% 3.96%
Eastman Credit Union 2, 0.00% 96.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 30.95%
Eastman Credit Union 2, 0.00% 69.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 96.00%
Eastman Credit Union 2, 0.04% 4.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 91.67%
Eastman Credit Union 2, 0.01% 8.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Eastman Credit Union 1, 0.00% 100.00%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Eastman Credit Union 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Eastman Credit Union 1, -0.02% 30.00%
Quicken Loans 2, 0.01% 70.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Eastman Credit Union 1, -0.01% 75.00%
Quicken Loans 2, 0.02% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%

* Data is compiled for the Wise, VA commuting zone area, which comprises of counties of Dickenson County, VA, Lee County, VA, Wise County, VA, and Norton city, VA. This includes cities/towns/communities of Wise, VA as well as Big Stone Gap, VA, Coeburn, VA, Dryden, VA, Clintwood, VA, Pound, VA, Norton, VA, Haysi, VA, Jonesville, VA, Rose Hill, VA, Pennington Gap, VA, Dante, VA, St. Paul, VA, and Appalachia, VA. 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 Wise, VA area. For mortgage lender rankings of other cities, click here.