Safe Rate Rankings

Best Conventional Mortgage Lenders in Panama City

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 Lenders56

Total Loans3,055

Median Rate Spread0.30%

Panama City Market Insights

United Wholesale Mortgage is Safe Rate's top-ranked Conventional lender in Panama City, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Panama City, Navy Federal Credit Union and Victory Mortgage scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #1 in Panama City, 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 Panama City: Rocket Mortgage (#2) and Tyndall Federal Credit Union (#6).

Explore Rankings by Type

Overall Rankings

All lenders in Panama City

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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	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,028Fees	0.026%Above	287
2	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,999Fees	0.263%Above	263
3	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$964Fees	0.535%Below	71
4	Trustmark National Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$2,183Fees	0.366%Above	146
5	VICTORY MORTGAGE, L.L.C. Independent Mortgage CompanyDirect	Strong	Exceptional	Strong	Strong	Sound	$723Fees	0.174%Below	25
6	Tyndall Federal Credit Union Credit UnionDirect	Strong	Sound	Strong	Exceptional	Exceptional	$1,209Fees	0.032%Below	134
7	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$2,908Fees	0.120%Below	119
8	Truist Bank BankDirect	Strong	Strong	Exceptional	Strong	Sound	$1,322Fees	0.224%Above	16
9	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Sound	$1,377Fees	0.080%Below	11
10	BankPlus BankDirect	Strong	Strong	Strong	Strong	Sound	$2,480Fees	0.495%Above	21
11	Regions Bank BankDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,766Fees	0.293%Above	84
12	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,735Fees	0.400%Above	47
13	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$2,773Fees	0.590%Above	35
14	Cadence Bank BankDirect	Strong	Sound	Exceptional	Strong	Sound	$2,635Fees	0.346%Above	31
15	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Sound	$3,873Fees	0.317%Above	30
16	Ameris Bank BankDirect	Strong	Sound	Exceptional	Strong	Sound	$3,083Fees	0.270%Above	24
17	Centennial Bank BankDirect	Strong	Sound	Strong	Sound	Strong	$1,736Fees	0.304%Above	93
18	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,023Fees	0.469%Above	66
19	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$1,990Fees	0.318%Above	32
20	First Federal Bank BankDirect	Strong	Strong	Strong	Sound	Sound	$2,474Fees	0.240%Above	27
21	Northpointe Bank BankDirect	Strong	Sound	Exceptional	Strong	Sound	$3,410Fees	0.379%Above	34
22	FBC MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Strong	Sound	Strong	$2,443Fees	0.066%Below	99
23	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,889Fees	0.428%Above	47
24	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$3,508Fees	0.583%Above	20
25	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Sound	$2,793Fees	0.415%Above	20
26	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Sound	Strong	$2,464Fees	0.455%Above	60
27	INSPIRE HOME LOANS INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Strong	$48Credit	0.509%Above	58
28	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Strong	$2,724Fees	0.599%Above	42
29	Capital City Home Loans, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Sound	$2,267Fees	0.457%Above	15
30	TOWNE MORTGAGE COMPANY Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Acceptable	$2,229Fees	0.194%Above	10
31	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Exceptional	Sound	Sound	$2,275Fees	0.039%Below	20
32	Community Bank of Mississippi BankDirect	Sound	Mediocre	Strong	Strong	Strong	$3,716Fees	0.878%Above	43
33	ATLANTIC BAY MORTGAGE GROUP, L.L.C. Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Exceptional	Acceptable	$3,977Fees	0.367%Above	10
34	NFM, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Strong	Sound	$4,668Fees	0.756%Above	13
35	NATIONSTAR MORTGAGE LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Sound	$3,812Fees	0.441%Above	24
36	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Sound	Sound	$3,525Fees	0.355%Above	19
37	SmartBank BankDirect	Sound	Sound	Sound	Sound	Sound	$1,538Fees	0.417%Above	13
38	Waterstone Mortgage Corporation Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Strong	Sound	$4,724Fees	0.531%Above	13
39	EVERETT FINANCIAL, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Strong	Sound	$6,125Fees	0.861%Above	14
40	THE MORTGAGE FIRM, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Strong	Sound	$3,768Fees	0.560%Above	11
41	Paramount Residential Mortgage Group, Inc. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Strong	Sound	$2,701Fees	0.584%Above	11
42	USAA Federal Savings Bank BankDirect	Sound	Sound	Strong	Acceptable	Sound	$1,694Fees	0.233%Below	29
43	Bank of England BankDirect	Sound	Acceptable	Strong	Sound	Sound	$3,283Fees	0.490%Above	22
44	COMMUNITY SOUTH Credit UnionDirect	Sound	—	Acceptable	Acceptable	Sound	$917Fees	0.083%Above	14
45	LENDSURE MORTGAGE CORP. Independent Mortgage CompanyWholesale	Sound	Mediocre*	Strong	Sound	Sound	$5,433Fees	1.649%Above	20

❓ Frequently Asked Questions

How are mortgage lenders ranked in Panama City?+

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 Panama City), 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 Panama City?+

Based on 2024 HMDA data, 56 lenders originated a combined 3,055 loans in Panama City. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Panama City?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Panama City is 0.30%. 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 Panama City'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.