Top Mortgage Lenders in Farmville, VA

Which mortgage lender in the Farmville, 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 Farmville, 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 Farmville, VA area is Virginia Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.06%. This means that Virginia Credit Union provided a -0.06% lower interest rate for its customers than other lenders in Farmville, VA for a similar set of borrowers. Virginia Credit Union has a market share of 25.4%. On the other hand, the most popular lender in the market is ALCOVA Mortgage, with a market share of 42.3%. ALCOVA Mortgage is an average rate lender in this area, with a “Rate Difference” of +0.01% relative to those of other lenders.

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

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.06% 25.35%
ALCOVA Mortgage 2, 0.01% 42.25%
Quicken Loans 3, 0.04% 32.39%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.10% 16.88%
Quicken Loans 2, 0.01% 18.18%
ALCOVA Mortgage 3, 0.02% 64.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.05% 35.38%
ALCOVA Mortgage 2, -0.01% 15.38%
Quicken Loans 3, 0.04% 49.23%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.07% 30.11%
ALCOVA Mortgage 2, -0.00% 39.78%
Quicken Loans 3, 0.07% 30.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.15% 17.07%
ALCOVA Mortgage 2, 0.03% 70.73%
Quicken Loans 3, 0.05% 12.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.06% 40.38%
ALCOVA Mortgage 2, -0.02% 15.38%
Quicken Loans 3, 0.06% 44.23%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.04% 21.21%
Quicken Loans 2, -0.02% 36.36%
ALCOVA Mortgage 3, 0.03% 42.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.04% 20.83%
Quicken Loans 2, -0.02% 29.17%
ALCOVA Mortgage 3, 0.03% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.02% 22.22%
Quicken Loans 2, 0.00% 55.56%
ALCOVA Mortgage 3, 0.01% 22.22%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.03% 6.25%
Quicken Loans 2, -0.02% 37.50%
ALCOVA Mortgage 3, 0.01% 56.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Virginia Credit Union 1, -0.03% 8.33%
Quicken Loans 2, -0.02% 16.67%
ALCOVA Mortgage 3, 0.01% 75.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%

* Data is compiled for the Farmville, VA commuting zone area, which comprises of counties of Buckingham County, VA, Cumberland County, VA, and Prince Edward County, VA. This includes cities/towns/communities of Farmville, VA as well as Cumberland, VA, Hampden-Sydney, VA, Yogaville, VA, Buckingham Courthouse, VA, and Dillwyn, 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 Farmville, VA area. For mortgage lender rankings of other cities, click here.