Safe Rate Rankings

Best Conventional Mortgage Lenders in Blacksburg

Updated May 22, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders25

Total Loans1,216

Median Rate Spread0.38%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	First Heritage Mortgage, LLCIndependent Mortgage Company	Exceptional	Sound	Exceptional	Exceptional	Exceptional	$1,712Fees	0.209%Above	106
2	NAVY FEDERAL CREDIT UNIONCredit Union	Exceptional	Exceptional	Exceptional	Sound	Sound	$1,311Fees	0.593%Below	16
3	Truist BankBank	Exceptional	Strong	Exceptional	Strong	Sound	$2,125Fees	0.445%Above	13
4	First Reliance BankBank	Exceptional	Strong	Strong	Exceptional	Sound	$2,509Fees	0.803%Above	11
5	Alcova Mortgage LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$2,823Fees	0.408%Above	168
6	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$4,266Fees	0.255%Above	125
7	FREEDOM FIRST Federal Credit UnionCredit Union	Strong	Sound	Strong	Strong	Exceptional	$1,348Fees	0.216%Above	93
8	ATLANTIC BAY MORTGAGE GROUP, L.L.C.Independent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$2,817Fees	0.658%Above	90
9	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$2,010Fees	0.182%Above	81
10	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$1,920Fees	0.150%Above	18
11	MOVEMENT MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,551Fees	0.403%Above	101
12	Atlantic Union BankBank	Strong	Sound	Strong	Strong	Strong	$2,838Fees	0.294%Above	30
13	Truliant Federal Credit UnionCredit Union	Strong	Strong	Strong	Sound	Sound	$427Fees	0.633%Above	15
14	Prosperity Home Mortgage, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$2,335Fees	0.428%Above	75
15	Renasant BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$1,811Fees	0.244%Above	41
16	CMG MORTGAGE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$979Fees	0.615%Above	22
17	NATIONSTAR MORTGAGE LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$4,463Fees	0.547%Above	16
18	UNION HOME MORTGAGE CORP.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,512Fees	0.513%Above	14
19	Waterstone Mortgage CorporationIndependent Mortgage Company	Strong	Mediocre	Exceptional	Strong	Strong	$4,585Fees	0.502%Above	61
20	FIRST BANCORP, INC.Bank	Sound	Mediocre	Strong	Strong	Strong	$1,206Fees	0.649%Above	25
21	Celco Community Federal Credit UnionCredit Union	Sound	Acceptable	Acceptable	Strong	Strong	$0Fees	0.958%Above	23
22	The Federal Savings BankBank	Sound	Mediocre	Strong	Sound	Sound	$2,108Fees	0.063%Above	19

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.