Top Mortgage Lenders in Lynchburg, VA

Which mortgage lender in the Lynchburg, 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 Lynchburg, 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 Lynchburg, VA area is Movement Mortgage, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.14%. This means that Movement Mortgage provided a -0.14% lower interest rate for its customers than other lenders in Lynchburg, VA for a similar set of borrowers. Movement Mortgage has a market share of 12.3%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 15.1%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.12% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Lynchburg, 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 Lynchburg, VA is Movement Mortgage. 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 Prosperity Home Mortgage. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Renasant Bank. The cheapest VA mortgage provider is Navy Federal 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 Lynchburg, VA

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.14% 12.31%
Atlantic Bay Mortgage Group 2, -0.11% 7.54%
Citizens Bank 3, -0.09% 3.71%
McLean Mortgage Corporation 4, -0.09% 3.27%
Truist Bank 5, -0.06% 3.96%
Prosperity Home Mortgage 6, -0.06% 2.12%
Renasant Bank 7, -0.03% 5.77%
Usaa Federal Savings Bank 8, -0.03% 2.06%
Apex Home Loans 9, -0.03% 2.65%
Cardinal Financial Company LP 10, -0.02% 2.06%
C&F Mortgage Corp 11, -0.02% 1.15%
Bank of America 12, -0.02% 1.43%
Navy Federal Credit Union 13, -0.02% 1.28%
Caliber Home Loans Inc 14, 0.01% 0.97%
Suntrust Banks, Inc 15, 0.01% 1.43%
Member One Federal Credit Union 16, 0.02% 1.00%
ALCOVA Mortgage 17, 0.03% 1.71%
Wells Fargo Bank 18, 0.03% 5.55%
Carrington Mortgage Services 19, 0.04% 1.15%
Assurance Financial Group 20, 0.05% 2.34%
Embrace Home Loans, Inc 21, 0.05% 5.80%
First Reliance Bank 22, 0.06% 1.06%
The First Bank and Trust Company 23, 0.06% 2.18%
JG Wentworth Home Lending 24, 0.07% 5.20%
Nationstar Mortgage 25, 0.11% 1.00%
Quicken Loans 26, 0.12% 15.14%
LoanDepot 27, 0.12% 6.17%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.13% 16.67%
Atlantic Bay Mortgage Group 2, -0.11% 9.06%
McLean Mortgage Corporation 3, -0.08% 4.17%
Prosperity Home Mortgage 4, -0.05% 2.87%
Renasant Bank 5, -0.04% 5.94%
Wells Fargo Bank 6, -0.03% 4.79%
Truist Bank 7, -0.01% 2.97%
Citizens Bank 8, -0.01% 3.26%
Usaa Federal Savings Bank 9, -0.00% 2.59%
Apex Home Loans 10, -0.00% 2.64%
C&F Mortgage Corp 11, 0.00% 1.68%
Navy Federal Credit Union 12, 0.00% 1.53%
Cardinal Financial Company LP 13, 0.00% 1.96%
Bank of America 14, 0.02% 1.49%
Suntrust Banks, Inc 15, 0.03% 1.20%
Caliber Home Loans Inc 16, 0.04% 0.72%
ALCOVA Mortgage 17, 0.06% 2.20%
Nationstar Mortgage 18, 0.06% 0.29%
Embrace Home Loans, Inc 19, 0.08% 7.33%
JG Wentworth Home Lending 20, 0.08% 5.61%
Carrington Mortgage Services 21, 0.08% 0.14%
Member One Federal Credit Union 22, 0.09% 0.43%
The First Bank and Trust Company 23, 0.10% 1.92%
Quicken Loans 24, 0.11% 8.67%
Assurance Financial Group 25, 0.11% 2.40%
First Reliance Bank 26, 0.12% 0.96%
LoanDepot 27, 0.19% 6.52%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.21% 4.55%
Truist Bank 2, -0.13% 5.79%
Bank of America 3, -0.09% 1.34%
Cardinal Financial Company LP 4, -0.07% 2.23%
Apex Home Loans 5, -0.07% 2.67%
Assurance Financial Group 6, -0.06% 2.23%
McLean Mortgage Corporation 7, -0.06% 1.60%
Usaa Federal Savings Bank 8, -0.06% 1.07%
Caliber Home Loans Inc 9, -0.05% 1.43%
Atlantic Bay Mortgage Group 10, -0.05% 4.72%
First Reliance Bank 11, -0.05% 1.25%
Movement Mortgage 12, -0.04% 4.19%
C&F Mortgage Corp 13, -0.04% 0.18%
Navy Federal Credit Union 14, -0.04% 0.80%
Member One Federal Credit Union 15, -0.04% 2.05%
Suntrust Banks, Inc 16, -0.04% 1.87%
ALCOVA Mortgage 17, -0.03% 0.80%
Renasant Bank 18, -0.03% 5.44%
Prosperity Home Mortgage 19, -0.03% 0.71%
LoanDepot 20, -0.02% 5.53%
Carrington Mortgage Services 21, -0.01% 3.03%
The First Bank and Trust Company 22, -0.00% 2.67%
Embrace Home Loans, Inc 23, 0.01% 2.94%
JG Wentworth Home Lending 24, 0.06% 4.46%
Nationstar Mortgage 25, 0.07% 2.32%
Quicken Loans 26, 0.09% 27.18%
Wells Fargo Bank 27, 0.10% 6.95%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.20% 11.72%
Atlantic Bay Mortgage Group 2, -0.12% 7.59%
McLean Mortgage Corporation 3, -0.10% 3.56%
Citizens Bank 4, -0.09% 4.83%
Prosperity Home Mortgage 5, -0.09% 2.11%
C&F Mortgage Corp 6, -0.06% 1.01%
Truist Bank 7, -0.06% 5.09%
Bank of America 8, -0.02% 1.49%
Renasant Bank 9, -0.01% 6.76%
Apex Home Loans 10, -0.00% 2.28%
ALCOVA Mortgage 11, 0.01% 1.32%
Suntrust Banks, Inc 12, 0.01% 1.62%
Caliber Home Loans Inc 13, 0.01% 0.75%
Carrington Mortgage Services 14, 0.02% 0.31%
Cardinal Financial Company LP 15, 0.02% 1.32%
Member One Federal Credit Union 16, 0.03% 1.40%
Wells Fargo Bank 17, 0.04% 7.24%
Usaa Federal Savings Bank 18, 0.05% 1.19%
Embrace Home Loans, Inc 19, 0.06% 4.43%
First Reliance Bank 20, 0.07% 1.49%
Assurance Financial Group 21, 0.07% 2.28%
The First Bank and Trust Company 22, 0.07% 3.07%
Navy Federal Credit Union 23, 0.08% 0.88%
JG Wentworth Home Lending 24, 0.08% 5.31%
LoanDepot 25, 0.10% 4.65%
Quicken Loans 26, 0.16% 15.54%
Nationstar Mortgage 27, 0.17% 0.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.19% 16.55%
Atlantic Bay Mortgage Group 2, -0.13% 8.80%
McLean Mortgage Corporation 3, -0.09% 4.65%
Prosperity Home Mortgage 4, -0.07% 2.96%
C&F Mortgage Corp 5, -0.03% 1.48%
Wells Fargo Bank 6, -0.01% 6.41%
Citizens Bank 7, -0.00% 4.15%
Truist Bank 8, 0.00% 3.80%
Renasant Bank 9, 0.00% 6.97%
Bank of America 10, 0.03% 1.48%
ALCOVA Mortgage 11, 0.04% 1.69%
Suntrust Banks, Inc 12, 0.04% 1.34%
Apex Home Loans 13, 0.05% 2.25%
Caliber Home Loans Inc 14, 0.06% 0.70%
Embrace Home Loans, Inc 15, 0.09% 5.77%
Usaa Federal Savings Bank 16, 0.09% 1.62%
JG Wentworth Home Lending 17, 0.09% 5.49%
Nationstar Mortgage 18, 0.10% 0.14%
Cardinal Financial Company LP 19, 0.10% 1.13%
Member One Federal Credit Union 20, 0.11% 0.63%
Navy Federal Credit Union 21, 0.12% 1.13%
The First Bank and Trust Company 22, 0.13% 2.82%
First Reliance Bank 23, 0.14% 1.41%
Quicken Loans 24, 0.15% 9.08%
LoanDepot 25, 0.17% 5.35%
Assurance Financial Group 26, 0.17% 2.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.22% 5.94%
Truist Bank 2, -0.14% 7.23%
Bank of America 3, -0.11% 1.52%
Cardinal Financial Company LP 4, -0.09% 1.63%
Apex Home Loans 5, -0.08% 2.33%
Assurance Financial Group 6, -0.08% 2.45%
McLean Mortgage Corporation 7, -0.07% 1.75%
Movement Mortgage 8, -0.06% 3.73%
Caliber Home Loans Inc 9, -0.06% 0.82%
Usaa Federal Savings Bank 10, -0.06% 0.47%
Atlantic Bay Mortgage Group 11, -0.06% 5.59%
First Reliance Bank 12, -0.05% 1.63%
ALCOVA Mortgage 13, -0.05% 0.70%
Suntrust Banks, Inc 14, -0.05% 2.10%
Carrington Mortgage Services 15, -0.04% 0.82%
C&F Mortgage Corp 16, -0.04% 0.23%
Member One Federal Credit Union 17, -0.04% 2.68%
LoanDepot 18, -0.04% 3.50%
Prosperity Home Mortgage 19, -0.03% 0.70%
Renasant Bank 20, -0.03% 6.41%
Navy Federal Credit Union 21, -0.02% 0.47%
The First Bank and Trust Company 22, -0.01% 3.50%
Embrace Home Loans, Inc 23, 0.03% 2.21%
JG Wentworth Home Lending 24, 0.06% 5.01%
Wells Fargo Bank 25, 0.10% 8.62%
Nationstar Mortgage 26, 0.12% 1.75%
Quicken Loans 27, 0.12% 26.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.17% 3.52%
Cardinal Financial Company LP 2, -0.11% 4.32%
Atlantic Bay Mortgage Group 3, -0.09% 9.44%
Apex Home Loans 4, -0.08% 4.48%
Movement Mortgage 5, -0.03% 15.84%
McLean Mortgage Corporation 6, -0.03% 3.20%
Truist Bank 7, -0.03% 1.12%
Bank of America 8, -0.01% 0.80%
Citizens Bank 9, -0.00% 0.96%
Assurance Financial Group 10, -0.00% 2.88%
Caliber Home Loans Inc 11, -0.00% 0.80%
Quicken Loans 12, 0.00% 14.08%
Suntrust Banks, Inc 13, 0.01% 0.80%
Nationstar Mortgage 14, 0.02% 1.92%
C&F Mortgage Corp 15, 0.03% 2.08%
Embrace Home Loans, Inc 16, 0.04% 10.72%
JG Wentworth Home Lending 17, 0.04% 4.96%
Prosperity Home Mortgage 18, 0.05% 1.92%
Carrington Mortgage Services 19, 0.05% 2.56%
ALCOVA Mortgage 20, 0.05% 3.20%
LoanDepot 21, 0.19% 10.40%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.20% 3.32%
Cardinal Financial Company LP 2, -0.14% 3.73%
Apex Home Loans 3, -0.11% 3.94%
Atlantic Bay Mortgage Group 4, -0.10% 11.41%
Movement Mortgage 5, -0.04% 19.50%
McLean Mortgage Corporation 6, -0.03% 4.15%
Truist Bank 7, -0.03% 1.24%
Bank of America 8, -0.01% 1.04%
Caliber Home Loans Inc 9, -0.00% 0.41%
Citizens Bank 10, -0.00% 1.24%
Assurance Financial Group 11, -0.00% 3.32%
Nationstar Mortgage 12, 0.00% 0.41%
Quicken Loans 13, 0.01% 7.47%
Suntrust Banks, Inc 14, 0.01% 0.83%
C&F Mortgage Corp 15, 0.03% 2.70%
Carrington Mortgage Services 16, 0.03% 0.62%
Embrace Home Loans, Inc 17, 0.04% 12.45%
JG Wentworth Home Lending 18, 0.05% 5.81%
Prosperity Home Mortgage 19, 0.05% 2.28%
ALCOVA Mortgage 20, 0.05% 3.73%
LoanDepot 21, 0.22% 10.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.07% 4.20%
Cardinal Financial Company LP 2, -0.06% 6.29%
Apex Home Loans 3, -0.04% 6.29%
Atlantic Bay Mortgage Group 4, -0.02% 2.80%
Quicken Loans 5, -0.01% 36.36%
Truist Bank 6, -0.01% 0.70%
Caliber Home Loans Inc 7, -0.01% 2.10%
Suntrust Banks, Inc 8, -0.00% 0.70%
Assurance Financial Group 9, -0.00% 1.40%
Prosperity Home Mortgage 10, -0.00% 0.70%
Embrace Home Loans, Inc 11, 0.00% 4.90%
ALCOVA Mortgage 12, 0.00% 1.40%
JG Wentworth Home Lending 13, 0.01% 2.10%
Nationstar Mortgage 14, 0.02% 6.99%
Movement Mortgage 15, 0.02% 3.50%
Carrington Mortgage Services 16, 0.04% 9.09%
LoanDepot 17, 0.07% 10.49%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Prosperity Home Mortgage 1, -0.01% 3.70%
Bank of America 2, -0.00% 22.22%
Wells Fargo Bank 3, -0.00% 37.04%
Truist Bank 4, 0.00% 3.70%
Quicken Loans 5, 0.00% 14.81%
Atlantic Bay Mortgage Group 6, 0.00% 3.70%
Movement Mortgage 7, 0.01% 7.41%
Suntrust Banks, Inc 8, 0.02% 7.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank of America 1, -0.01% 22.22%
Prosperity Home Mortgage 2, -0.01% 5.56%
Wells Fargo Bank 3, -0.00% 38.89%
Truist Bank 4, 0.00% 5.56%
Atlantic Bay Mortgage Group 5, 0.00% 5.56%
Quicken Loans 6, 0.00% 5.56%
Suntrust Banks, Inc 7, 0.02% 11.11%
Movement Mortgage 8, 0.02% 5.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.00% 33.33%
Quicken Loans 2, 0.00% 33.33%
Bank of America 3, 0.00% 22.22%
Movement Mortgage 4, 0.01% 11.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.12% 7.53%
Usaa Federal Savings Bank 2, -0.09% 13.98%
Renasant Bank 3, -0.06% 3.23%
Prosperity Home Mortgage 4, -0.04% 2.51%
Caliber Home Loans Inc 5, -0.01% 3.23%
McLean Mortgage Corporation 6, 0.00% 1.43%
Apex Home Loans 7, 0.00% 1.79%
Citizens Bank 8, 0.00% 1.08%
LoanDepot 9, 0.01% 9.68%
Carrington Mortgage Services 10, 0.01% 5.02%
Embrace Home Loans, Inc 11, 0.01% 6.45%
C&F Mortgage Corp 12, 0.02% 0.36%
Cardinal Financial Company LP 13, 0.02% 3.23%
Assurance Financial Group 14, 0.02% 1.79%
Wells Fargo Bank 15, 0.02% 1.08%
Bank of America 16, 0.02% 0.36%
Truist Bank 17, 0.03% 1.08%
Nationstar Mortgage 18, 0.03% 1.08%
Atlantic Bay Mortgage Group 19, 0.03% 3.23%
Suntrust Banks, Inc 20, 0.04% 0.72%
Quicken Loans 21, 0.05% 14.34%
ALCOVA Mortgage 22, 0.06% 1.79%
JG Wentworth Home Lending 23, 0.07% 5.38%
Movement Mortgage 24, 0.08% 9.68%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.14% 9.58%
Usaa Federal Savings Bank 2, -0.10% 18.56%
Renasant Bank 3, -0.06% 5.39%
Prosperity Home Mortgage 4, -0.04% 3.59%
Apex Home Loans 5, 0.00% 2.40%
Citizens Bank 6, 0.01% 1.80%
Truist Bank 7, 0.02% 0.60%
Wells Fargo Bank 8, 0.02% 1.20%
C&F Mortgage Corp 9, 0.02% 0.60%
Cardinal Financial Company LP 10, 0.02% 4.19%
Bank of America 11, 0.03% 0.60%
Nationstar Mortgage 12, 0.03% 1.20%
McLean Mortgage Corporation 13, 0.03% 0.60%
Caliber Home Loans Inc 14, 0.03% 1.80%
Assurance Financial Group 15, 0.03% 1.80%
Atlantic Bay Mortgage Group 16, 0.04% 4.79%
Embrace Home Loans, Inc 17, 0.04% 6.59%
Quicken Loans 18, 0.06% 8.98%
ALCOVA Mortgage 19, 0.07% 2.40%
LoanDepot 20, 0.08% 5.99%
JG Wentworth Home Lending 21, 0.08% 6.59%
Movement Mortgage 22, 0.11% 10.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
LoanDepot 1, -0.04% 15.18%
Usaa Federal Savings Bank 2, -0.04% 7.14%
Caliber Home Loans Inc 3, -0.04% 5.36%
Navy Federal Credit Union 4, -0.03% 4.46%
Embrace Home Loans, Inc 5, -0.03% 6.25%
McLean Mortgage Corporation 6, -0.01% 2.68%
Prosperity Home Mortgage 7, -0.00% 0.89%
Carrington Mortgage Services 8, 0.00% 12.50%
Assurance Financial Group 9, 0.01% 1.79%
Apex Home Loans 10, 0.01% 0.89%
Cardinal Financial Company LP 11, 0.01% 1.79%
Movement Mortgage 12, 0.01% 8.04%
Atlantic Bay Mortgage Group 13, 0.02% 0.89%
ALCOVA Mortgage 14, 0.02% 0.89%
Wells Fargo Bank 15, 0.03% 0.89%
Truist Bank 16, 0.03% 1.79%
Nationstar Mortgage 17, 0.03% 0.89%
Suntrust Banks, Inc 18, 0.03% 1.79%
Quicken Loans 19, 0.04% 22.32%
JG Wentworth Home Lending 20, 0.05% 3.57%

* Data is compiled for the Lynchburg, VA commuting zone area, which comprises of counties of Amherst County, VA, Appomattox County, VA, Bedford County, VA, Campbell County, VA, Bedford city, VA, and Lynchburg city, VA. This includes cities/towns/communities of Lynchburg, VA as well as Timberlake, VA, Forest, VA, Madison Heights, VA, Rustburg, VA, Appomattox, VA, Concord, VA, Amherst, VA, Concord, VA, Montvale, VA, Big Island, VA, Pamplin City, VA, Altavista, VA, and Brookneal, 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 Lynchburg, VA area. For mortgage lender rankings of other cities, click here.