Top Mortgage Lenders in Roanoke Rapids, NC

Which mortgage lender in the Roanoke Rapids, 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 Roanoke Rapids, 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 Roanoke Rapids, NC area is Truist Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.05%. This means that Truist Bank provided a -0.05% lower interest rate for its customers than other lenders in Roanoke Rapids, NC for a similar set of borrowers. Truist Bank has a market share of 30.6%. On the other hand, the most popular lender in the market is State Employees’ Credit Union, with a market share of 31.9%. State Employees’ Credit Union 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 Roanoke Rapids, 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, the cheapest lender for Conventional mortgages in Roanoke Rapids, NC is Truist 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 Quicken Loans. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Truist Bank. The cheapest VA mortgage provider is also Truist Bank. 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 Roanoke Rapids, NC

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.05% 30.65%
Southern Bank and Trust Company 2, -0.03% 14.92%
State Employees’ Credit Union 3, 0.02% 31.85%
Quicken Loans 4, 0.06% 22.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.06% 36.05%
Southern Bank and Trust Company 2, -0.03% 19.05%
Quicken Loans 3, 0.04% 14.97%
State Employees’ Credit Union 4, 0.07% 29.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Employees’ Credit Union 1, -0.04% 34.65%
Truist Bank 2, -0.03% 22.77%
Southern Bank and Trust Company 3, -0.01% 8.91%
Quicken Loans 4, 0.06% 33.66%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.06% 31.28%
Southern Bank and Trust Company 2, -0.03% 17.06%
State Employees’ Credit Union 3, 0.02% 37.44%
Quicken Loans 4, 0.10% 14.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.07% 34.92%
Southern Bank and Trust Company 2, -0.03% 22.22%
State Employees’ Credit Union 3, 0.07% 34.92%
Quicken Loans 4, 0.09% 7.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Employees’ Credit Union 1, -0.04% 41.18%
Truist Bank 2, -0.03% 25.88%
Southern Bank and Trust Company 3, -0.01% 9.41%
Quicken Loans 4, 0.10% 23.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.00% 14.29%
Quicken Loans 2, 0.00% 85.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.00% 21.43%
Quicken Loans 2, 0.00% 78.57%
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
Quicken Loans 1, -0.00% 33.33%
Truist Bank 2, 0.00% 66.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 50.00%
Truist Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.03% 38.46%
Southern Bank and Trust Company 2, -0.01% 7.69%
Quicken Loans 3, 0.02% 53.85%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Southern Bank and Trust Company 1, -0.03% 12.50%
Quicken Loans 2, 0.00% 87.50%

* Data is compiled for the Roanoke Rapids, NC commuting zone area, which comprises of counties of Bertie County, NC, Halifax County, NC, Hertford County, NC, Northampton County, NC, Greensville County, VA, and Emporia city, VA. This includes cities/towns/communities of Roanoke Rapids, NC as well as Ahoskie, NC, Littleton, NC, Murfreesboro, NC, South Rosemary, NC, Windsor, NC, Powellsville, NC, Jarratt, VA, Emporia, VA, Winton, NC, Conway, NC, Garysburg, NC, Hollister, NC, Scotland Neck, NC, Gaston, NC, Lewiston Woodville, NC, Rich Square, NC, Aulander, NC, Enfield, NC, Weldon, NC, and Halifax, 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 Roanoke Rapids, NC area. For mortgage lender rankings of other cities, click here.