Top Mortgage Lenders in the Ellijay, GA area

Which mortgage lender in the Ellijay, GA 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 Ellijay, GA 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 Ellijay, GA area is Prosperity Home Mortgage, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.11%. This means that Prosperity Home Mortgage provided a -0.11% lower interest rate for its customers than other lenders in Ellijay, GA for a similar set of borrowers. Prosperity Home Mortgage has a market share of 6.4%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 40.9%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.04% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Ellijay, GA 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 Ellijay, GA is Prosperity Home 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 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 Stearns Lending. 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
Prosperity Home Mortgage 1, -0.11% 6.43%
Wells Fargo Bank 2, -0.07% 6.77%
Stearns Lending 3, -0.05% 7.61%
United Community Bank 4, -0.01% 27.92%
Vanderbilt Mortgage And Finance, Inc 5, 0.01% 10.32%
Quicken Loans 6, 0.04% 40.95%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Prosperity Home Mortgage 1, -0.11% 10.61%
Wells Fargo Bank 2, -0.07% 10.61%
Stearns Lending 3, -0.05% 10.61%
United Community Bank 4, -0.01% 23.03%
Vanderbilt Mortgage And Finance, Inc 5, 0.02% 12.12%
Quicken Loans 6, 0.08% 33.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.04% 1.92%
Stearns Lending 2, -0.04% 3.83%
Prosperity Home Mortgage 3, -0.04% 1.15%
Vanderbilt Mortgage And Finance, Inc 4, -0.02% 8.05%
United Community Bank 5, -0.01% 34.10%
Quicken Loans 6, 0.02% 50.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Prosperity Home Mortgage 1, -0.12% 7.61%
Wells Fargo Bank 2, -0.08% 7.82%
Stearns Lending 3, -0.06% 6.13%
Vanderbilt Mortgage And Finance, Inc 4, -0.02% 5.29%
United Community Bank 5, -0.01% 31.29%
Quicken Loans 6, 0.05% 41.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Prosperity Home Mortgage 1, -0.12% 12.99%
Wells Fargo Bank 2, -0.08% 12.60%
Stearns Lending 3, -0.06% 7.87%
Vanderbilt Mortgage And Finance, Inc 4, -0.02% 2.76%
United Community Bank 5, -0.00% 24.80%
Quicken Loans 6, 0.08% 38.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stearns Lending 1, -0.05% 4.11%
Wells Fargo Bank 2, -0.04% 2.28%
Prosperity Home Mortgage 3, -0.04% 1.37%
Vanderbilt Mortgage And Finance, Inc 4, -0.02% 8.22%
United Community Bank 5, -0.01% 38.81%
Quicken Loans 6, 0.02% 45.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.05% 17.65%
Stearns Lending 2, -0.03% 15.29%
Quicken Loans 3, -0.01% 32.94%
Vanderbilt Mortgage And Finance, Inc 4, 0.05% 34.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.07% 19.30%
Quicken Loans 2, -0.04% 12.28%
Stearns Lending 3, -0.03% 22.81%
Vanderbilt Mortgage And Finance, Inc 4, 0.06% 45.61%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 75.00%
United Community Bank 2, 0.00% 14.29%
Vanderbilt Mortgage And Finance, Inc 3, 0.01% 10.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.00% 50.00%
Prosperity Home Mortgage 2, 0.00% 33.33%
Quicken Loans 3, 0.01% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.00% 60.00%
Prosperity Home Mortgage 2, 0.00% 40.00%
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
Stearns Lending 1, -0.05% 11.11%
United Community Bank 2, -0.04% 7.41%
Vanderbilt Mortgage And Finance, Inc 3, -0.02% 25.93%
Quicken Loans 4, 0.02% 55.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stearns Lending 1, -0.04% 14.29%
United Community Bank 2, -0.02% 14.29%
Vanderbilt Mortgage And Finance, Inc 3, 0.00% 50.00%
Quicken Loans 4, 0.03% 21.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stearns Lending 1, -0.06% 7.69%
Quicken Loans 2, 0.00% 92.31%

* Data is compiled for the Ellijay, GA commuting zone area, which comprises of counties of Fannin County, GA, and Gilmer County, GA. This includes cities/towns/communities of Ellijay, GA as well as Blue Ridge, GA, Morganton, GA, Cherry Log, GA, Epworth, GA, Mineral Bluff, GA, and East Ellijay, GA. 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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