Top Mortgage Lenders in the Colonial Beach, VA area

Which mortgage lender in the Colonial Beach, 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 Colonial Beach, 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 Colonial Beach, VA area is Capital Center, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.08%. This means that Capital Center provided a -0.08% lower interest rate for its customers than other lenders in Colonial Beach, VA for a similar set of borrowers. Capital Center has a market share of 9.1%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 24.6%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.09% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Colonial Beach, 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 Colonial Beach, VA is Capital Center. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is C&F Mortgage Corp. The cheapest VA mortgage provider is Navy Federal Credit Union. 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
Capital Center 1, -0.08% 9.09%
George Mason Mortgage 2, -0.04% 11.36%
Truist Bank 3, -0.03% 6.61%
C&F Mortgage Corp 4, -0.03% 18.60%
Movement Mortgage 5, -0.03% 13.02%
Wells Fargo Bank 6, -0.01% 7.23%
Navy Federal Credit Union 7, 0.02% 9.50%
Quicken Loans 8, 0.09% 24.59%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Truist Bank 1, -0.05% 6.43%
George Mason Mortgage 2, -0.03% 15.11%
C&F Mortgage Corp 3, -0.02% 25.40%
Movement Mortgage 4, -0.01% 16.08%
Wells Fargo Bank 5, -0.01% 8.68%
Capital Center 6, 0.02% 4.18%
Navy Federal Credit Union 7, 0.05% 11.90%
Quicken Loans 8, 0.07% 12.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Capital Center 1, -0.15% 17.92%
Navy Federal Credit Union 2, -0.04% 5.20%
Movement Mortgage 3, -0.03% 7.51%
C&F Mortgage Corp 4, -0.02% 6.36%
Wells Fargo Bank 5, -0.01% 4.62%
George Mason Mortgage 6, -0.01% 4.62%
Truist Bank 7, -0.00% 6.94%
Quicken Loans 8, 0.07% 46.82%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Capital Center 1, -0.09% 12.02%
George Mason Mortgage 2, -0.07% 11.44%
Movement Mortgage 3, -0.04% 11.44%
Truist Bank 4, -0.04% 8.80%
C&F Mortgage Corp 5, -0.03% 15.54%
Wells Fargo Bank 6, -0.02% 6.74%
Navy Federal Credit Union 7, 0.07% 7.62%
Quicken Loans 8, 0.11% 26.39%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
George Mason Mortgage 1, -0.06% 16.00%
Truist Bank 2, -0.06% 9.50%
Movement Mortgage 3, -0.03% 14.50%
C&F Mortgage Corp 4, -0.02% 21.50%
Wells Fargo Bank 5, -0.02% 8.50%
Capital Center 6, 0.02% 5.00%
Quicken Loans 7, 0.08% 14.50%
Navy Federal Credit Union 8, 0.11% 10.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Capital Center 1, -0.16% 21.99%
Navy Federal Credit Union 2, -0.06% 3.55%
Movement Mortgage 3, -0.03% 7.09%
C&F Mortgage Corp 4, -0.02% 7.09%
George Mason Mortgage 5, -0.01% 4.96%
Wells Fargo Bank 6, -0.01% 4.26%
Truist Bank 7, -0.00% 7.80%
Quicken Loans 8, 0.10% 43.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
C&F Mortgage Corp 1, -0.03% 37.97%
Capital Center 2, -0.01% 2.53%
Movement Mortgage 3, -0.01% 22.78%
Navy Federal Credit Union 4, 0.01% 1.27%
George Mason Mortgage 5, 0.03% 16.46%
Quicken Loans 6, 0.04% 18.99%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
C&F Mortgage Corp 1, -0.03% 43.94%
Capital Center 2, -0.01% 3.03%
Movement Mortgage 3, -0.00% 24.24%
Navy Federal Credit Union 4, 0.02% 1.52%
George Mason Mortgage 5, 0.03% 18.18%
Quicken Loans 6, 0.06% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.02% 15.38%
C&F Mortgage Corp 2, -0.00% 7.69%
George Mason Mortgage 3, 0.00% 7.69%
Quicken Loans 4, 0.00% 69.23%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 62.50%
Truist Bank 2, 0.01% 12.50%
Capital Center 3, 0.01% 6.25%
Navy Federal Credit Union 4, 0.01% 6.25%
Quicken Loans 5, 0.02% 12.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 72.73%
Capital Center 2, 0.01% 9.09%
Truist Bank 3, 0.01% 9.09%
Navy Federal Credit Union 4, 0.02% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 40.00%
Truist Bank 2, -0.00% 20.00%
Quicken Loans 3, 0.01% 40.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.05% 37.50%
George Mason Mortgage 2, -0.00% 6.25%
Wells Fargo Bank 3, 0.00% 4.17%
C&F Mortgage Corp 4, 0.03% 14.58%
Quicken Loans 5, 0.03% 25.00%
Movement Mortgage 6, 0.04% 12.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.05% 41.18%
George Mason Mortgage 2, 0.01% 8.82%
Wells Fargo Bank 3, 0.01% 5.88%
Quicken Loans 4, 0.04% 8.82%
C&F Mortgage Corp 5, 0.04% 20.59%
Movement Mortgage 6, 0.05% 14.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.02% 28.57%
Movement Mortgage 2, -0.01% 7.14%
Quicken Loans 3, 0.01% 64.29%

* Data is compiled for the Colonial Beach, VA commuting zone area, which comprises of counties of Essex County, VA, Lancaster County, VA, Northumberland County, VA, Richmond County, VA, and Westmoreland County, VA. This includes cities/towns/communities of Colonial Beach, VA as well as Heathsville, VA, Kilmarnock, VA, Warsaw, VA, Tappahannock, VA, Irvington, VA, Montross, VA, and Kilmarnock, 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.

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