Top Mortgage Lenders in Murphy, NC

Which mortgage lender in the Murphy, 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 Murphy, 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 Murphy, NC area is Wells Fargo Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.10%. This means that Wells Fargo Bank provided a -0.10% lower interest rate for its customers than other lenders in Murphy, NC for a similar set of borrowers. Wells Fargo Bank has a market share of 4.5%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 23.2%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.06% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Murphy, 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 Murphy, NC is South State 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is United Community Bank. The cheapest VA mortgage provider is Northpointe 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 Murphy, NC

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.10% 4.48%
South State Bank 2, -0.09% 3.31%
The Central Trust Bank 3, -0.07% 7.47%
United Community Bank 4, -0.06% 17.72%
Northpointe Bank 5, -0.05% 3.63%
First Reliance Bank 6, -0.02% 8.96%
Vanderbilt Mortgage And Finance, Inc 7, -0.02% 4.38%
SWBC Mortgage Corporation 8, -0.02% 6.08%
Quicken Loans 9, 0.06% 23.16%
HomeStar Financial Corporation 10, 0.08% 20.81%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
South State Bank 1, -0.11% 1.80%
Wells Fargo Bank 2, -0.11% 5.89%
The Central Trust Bank 3, -0.08% 10.15%
Northpointe Bank 4, -0.06% 4.75%
United Community Bank 5, -0.05% 13.75%
First Reliance Bank 6, -0.02% 11.78%
SWBC Mortgage Corporation 7, -0.02% 7.36%
Vanderbilt Mortgage And Finance, Inc 8, -0.01% 3.27%
Quicken Loans 9, 0.05% 12.60%
HomeStar Financial Corporation 10, 0.08% 28.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
South State Bank 1, -0.08% 6.13%
United Community Bank 2, -0.07% 25.15%
First Reliance Bank 3, -0.06% 3.68%
The Central Trust Bank 4, -0.04% 2.45%
SWBC Mortgage Corporation 5, -0.04% 3.68%
Wells Fargo Bank 6, -0.04% 1.84%
Northpointe Bank 7, -0.04% 1.53%
Vanderbilt Mortgage And Finance, Inc 8, -0.03% 6.44%
HomeStar Financial Corporation 9, 0.04% 6.13%
Quicken Loans 10, 0.07% 42.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
South State Bank 1, -0.10% 3.52%
Wells Fargo Bank 2, -0.10% 5.42%
The Central Trust Bank 3, -0.09% 7.86%
United Community Bank 4, -0.06% 21.14%
Northpointe Bank 5, -0.06% 3.25%
Vanderbilt Mortgage And Finance, Inc 6, -0.04% 2.57%
First Reliance Bank 7, -0.03% 11.25%
SWBC Mortgage Corporation 8, -0.01% 5.15%
Quicken Loans 9, 0.08% 22.76%
HomeStar Financial Corporation 10, 0.10% 17.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.11% 7.20%
South State Bank 2, -0.11% 2.33%
The Central Trust Bank 3, -0.09% 10.81%
Northpointe Bank 4, -0.06% 4.45%
Vanderbilt Mortgage And Finance, Inc 5, -0.05% 0.64%
United Community Bank 6, -0.05% 16.53%
First Reliance Bank 7, -0.02% 15.04%
SWBC Mortgage Corporation 8, -0.00% 6.14%
Quicken Loans 9, 0.07% 13.56%
HomeStar Financial Corporation 10, 0.11% 23.31%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
South State Bank 1, -0.09% 5.64%
United Community Bank 2, -0.08% 29.32%
First Reliance Bank 3, -0.06% 4.51%
SWBC Mortgage Corporation 4, -0.05% 3.38%
The Central Trust Bank 5, -0.05% 2.63%
Wells Fargo Bank 6, -0.04% 2.26%
Northpointe Bank 7, -0.04% 1.13%
Vanderbilt Mortgage And Finance, Inc 8, -0.04% 6.02%
HomeStar Financial Corporation 9, 0.04% 6.02%
Quicken Loans 10, 0.09% 39.10%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.06% 6.06%
South State Bank 2, -0.06% 2.02%
Northpointe Bank 3, -0.04% 7.07%
SWBC Mortgage Corporation 4, -0.04% 13.13%
Quicken Loans 5, -0.03% 20.20%
The Central Trust Bank 6, -0.02% 4.04%
Vanderbilt Mortgage And Finance, Inc 7, 0.00% 15.15%
HomeStar Financial Corporation 8, 0.06% 32.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.08% 5.63%
SWBC Mortgage Corporation 2, -0.05% 15.49%
Northpointe Bank 3, -0.05% 9.86%
The Central Trust Bank 4, -0.03% 5.63%
Quicken Loans 5, -0.03% 5.63%
Vanderbilt Mortgage And Finance, Inc 6, -0.01% 15.49%
HomeStar Financial Corporation 7, 0.05% 42.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
South State Bank 1, -0.03% 7.14%
United Community Bank 2, -0.01% 7.14%
Quicken Loans 3, -0.01% 57.14%
SWBC Mortgage Corporation 4, 0.02% 7.14%
Vanderbilt Mortgage And Finance, Inc 5, 0.03% 14.29%
HomeStar Financial Corporation 6, 0.04% 7.14%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 50.00%
First Reliance Bank 2, 0.01% 25.00%
United Community Bank 3, 0.02% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 50.00%
First Reliance Bank 2, 0.01% 25.00%
United Community Bank 3, 0.02% 25.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Northpointe Bank 1, -0.04% 3.12%
South State Bank 2, -0.04% 3.12%
United Community Bank 3, -0.04% 3.12%
The Central Trust Bank 4, -0.03% 8.33%
SWBC Mortgage Corporation 5, -0.03% 6.25%
Vanderbilt Mortgage And Finance, Inc 6, -0.01% 7.29%
Quicken Loans 7, -0.00% 30.21%
HomeStar Financial Corporation 8, 0.02% 38.54%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.05% 14.06%
United Community Bank 2, -0.04% 1.56%
The Central Trust Bank 3, -0.03% 10.94%
Northpointe Bank 4, -0.03% 1.56%
SWBC Mortgage Corporation 5, -0.03% 7.81%
Vanderbilt Mortgage And Finance, Inc 6, -0.00% 9.38%
HomeStar Financial Corporation 7, 0.03% 54.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Northpointe Bank 1, -0.05% 6.25%
SWBC Mortgage Corporation 2, -0.04% 3.12%
The Central Trust Bank 3, -0.04% 3.12%
Vanderbilt Mortgage And Finance, Inc 4, -0.04% 3.12%
United Community Bank 5, -0.04% 6.25%
South State Bank 6, -0.04% 9.38%
HomeStar Financial Corporation 7, -0.01% 6.25%
Quicken Loans 8, 0.02% 62.50%

* Data is compiled for the Murphy, NC commuting zone area, which comprises of counties of Towns County, GA, Union County, GA, Cherokee County, NC, and Clay County, NC. This includes cities/towns/communities of Murphy, NC as well as Young Harris, GA, Hayesville, NC, Hiawassee, GA, Blairsville, GA, Andrews, NC, and Marble, 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 Murphy, NC area. For mortgage lender rankings of other cities, click here.