Safe Rate Rankings

Best VA Mortgage Lenders in Memphis

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ 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 Lenders127

Total Loans12,587

Median Rate Spread0.33%

Memphis Market Insights

United Wholesale Mortgage is Safe Rate's top-ranked VA lender in Memphis, leading on pricing, pullthrough, VA product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Memphis, Navy Federal Credit Union and First Horizon Bank scores highest on VA pricing while United Wholesale Mortgage and Eagle Bank and Trust leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #1 in Memphis, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Memphis: Rocket Mortgage (#9) and Community Mortgage Tn (#10).

Explore Rankings by Type

Overall Rankings

All lenders in Memphis

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Strong*	Exceptional	Exceptional	Exceptional	$3,187Fees	0.067%Above	521
2	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Strong	Strong	$3,847Fees	0.296%Above	363
3	Eagle Bank and Trust Company BankDirect	Strong	Strong	Strong	Exceptional	Exceptional	$3,142Fees	0.296%Above	272
4	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$1,366Fees	0.420%Below	191
5	Patriot Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,296Fees	0.027%Below	399
6	First Horizon Bank BankDirect	Strong	Exceptional	Strong	Strong	Strong	$1,343Fees	0.086%Above	241
7	MORTGAGE INVESTORS GROUP, INC. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Exceptional	Exceptional	$2,591Fees	0.190%Above	312
8	Trustmark National Bank BankDirect	Strong	Sound	Exceptional	Exceptional	Exceptional	$2,143Fees	0.219%Above	335
9	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$4,241Fees	0.380%Above	1,095
10	COMMUNITY MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	Exceptional	$3,263Fees	0.210%Above	1,062
11	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Exceptional	Strong	$4,179Fees	0.456%Above	95
12	Pinnacle Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$2,324Fees	0.096%Above	402
13	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Strong	Strong	$3,184Fees	0.276%Above	191
14	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Strong	Strong	$2,152Fees	0.044%Below	185
15	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Exceptional	Strong	$4,458Fees	0.461%Above	100
16	BARTLETT MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	Exceptional	$1,967Fees	0.230%Above	195
17	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$3,851Fees	0.410%Above	130
18	SWBC MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Exceptional	Strong	$3,272Fees	0.495%Above	85
19	Cadence Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$2,250Fees	0.001%Above	421
20	RELIANCE FIRST CAPITAL, LLC Independent Mortgage CompanyDirect	Strong	—	Strong	Exceptional	Sound	—	—	43
21	AMERICAN FINANCIAL NETWORK, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Strong*	Exceptional	Strong	Sound	$128Fees	0.693%Above	40
22	Mortgage Research Center, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$310Fees	0.850%Above	319
23	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,401Fees	0.627%Above	274
24	Leaders Credit Union Credit UnionDirect	Strong	Sound	Strong	Strong	Strong	$800Fees	0.124%Above	152
25	USAA Federal Savings Bank BankDirect	Strong	Strong	Exceptional	Sound	Sound	$1,635Fees	0.109%Below	53
26	Regions Bank BankDirect	Strong	Sound	Strong	Sound	Strong	$1,957Fees	0.462%Above	240
27	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Sound	$2,939Fees	0.368%Above	52
28	Evolve Bank & Trust BankDirect	Strong	Sound	Strong	Strong	Strong	$2,288Fees	0.220%Above	181
29	Bank of England BankDirect	Strong	Sound	Strong	Strong	Strong	$2,655Fees	0.213%Above	104
30	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$2,836Fees	0.419%Above	97
31	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,672Fees	0.246%Below	82
32	Paramount Residential Mortgage Group, Inc. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Sound	$2,303Fees	0.582%Above	62
33	Nations Lending Corporation Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Exceptional	Strong	$2,700Fees	0.553%Above	184
34	T2 FINANCIAL LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	Strong	$4,625Fees	0.632%Above	81
35	SOUTHWEST FUNDING, LP Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Strong	$4,947Fees	0.911%Above	66
36	STOCKTON MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,729Fees	0.525%Above	141
37	NATIONSTAR MORTGAGE LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,145Fees	0.478%Above	100
38	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Sound	Strong	$3,397Fees	0.599%Above	135
39	EVERETT FINANCIAL, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Strong	Strong	$5,359Fees	0.712%Above	97
40	Wolfe Financial, Inc Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	Strong	$4,199Fees	0.430%Above	58
41	Equity Prime Mortgage LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Sound	Strong	$3,504Fees	0.721%Above	75
42	CARRINGTON MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Sound	Sound	$4,501Fees	0.528%Above	64
43	Independent Bank BankDirect	Sound	Acceptable	—	Sound	Strong	$2,320Fees	0.386%Above	110
44	ACOPIA, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	Sound	$4,404Fees	0.166%Above	44
45	ENVOY MORTGAGE, LTD Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Sound	Sound	$3,077Fees	0.345%Above	28
46	NEW DAY FINANCIAL, LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Sound	Sound	$5,393Fees	1.417%Above	44
47	The Federal Savings Bank BankDirect	Sound	Mediocre	Exceptional	Sound	Sound	$3,381Fees	0.575%Above	28
48	AMERISAVE MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Sound	$5,619Fees	0.392%Above	43

❓ Frequently Asked Questions

How are mortgage lenders ranked in Memphis, TN?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Memphis, TN), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Memphis, TN?+

Based on 2024 HMDA data, 127 lenders originated a combined 12,587 loans in Memphis, TN. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Memphis, TN?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Memphis, TN is 0.33%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Memphis, TN's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

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.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.