Safe Rate Rankings

Best Conventional Mortgage Lenders in Memphis

Updated February 5, 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 Lenders127

Total Loans12,587

Median Rate Spread0.33%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Patriot BankBank	Exceptional	Exceptional	Strong	Strong	Exceptional	$1,296Fees	0.027%Below	399
2	NAVY FEDERAL CREDIT UNIONCredit Union	Exceptional	Exceptional	Exceptional	Sound	Strong	$1,366Fees	0.420%Below	191
3	Orion Federal Credit UnionCredit Union	Exceptional	Exceptional	Sound	Sound	Exceptional	$490Fees	0.150%Below	156
4	Financial Federal BankBank	Exceptional	Exceptional	Sound	Strong	Strong	$661Fees	0.088%Below	121
5	Bank of America, National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$2,610Fees	0.007%Below	77
6	PROVIDENT FUNDING ASSOCIATES, L.P.Independent Mortgage Company	Exceptional	Exceptional	Exceptional	Sound	Sound	$1,200Fees	0.002%Above	68
7	COMMUNITY MORTGAGE CORPORATIONIndependent Mortgage Company	Exceptional	Sound	Strong	Exceptional	Exceptional	$3,263Fees	0.210%Above	1,062
8	Cadence BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,250Fees	0.001%Above	421
9	Trustmark National BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,143Fees	0.219%Above	335
10	Wells Fargo Bank, National AssociationBank	Exceptional	Strong	Exceptional	Sound	Strong	$2,263Fees	0.050%Above	84
11	Truist BankBank	Exceptional	Strong	Exceptional	Strong	Sound	$2,324Fees	0.218%Above	61
12	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Sound	$847Fees	0.251%Above	48
13	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$4,241Fees	0.380%Above	1,095
14	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,187Fees	0.067%Above	521
15	Pinnacle BankBank	Strong	Sound	Strong	Strong	Exceptional	$2,324Fees	0.096%Above	402
16	Eagle Bank and Trust CompanyBank	Strong	Sound	Strong	Strong	Exceptional	$3,142Fees	0.296%Above	272
17	First Horizon BankBank	Strong	Sound	Exceptional	Strong	Strong	$1,343Fees	0.086%Above	241
18	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Strong	$2,244Fees	0.021%Above	199
19	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Strong	Strong	$3,851Fees	0.410%Above	130
20	MUTUAL OF OMAHA MORTGAGE, INC.Independent Mortgage Company	Strong	Strong	Strong	Sound	Strong	$2,836Fees	0.419%Above	97
21	BankPlusBank	Strong	Strong	Strong	Strong	Sound	$1,230Fees	0.171%Above	41
22	First Citizens National BankBank	Strong	Strong	Strong	Strong	Sound	$829Fees	0.319%Below	36
23	MORTGAGE INVESTORS GROUP, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,591Fees	0.190%Above	312
24	PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Sound	Strong	$2,152Fees	0.044%Below	185
25	Nations Lending CorporationIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$2,700Fees	0.553%Above	184
26	Evolve Bank & TrustBank	Strong	Sound	Strong	Strong	Strong	$2,288Fees	0.220%Above	181
27	Leaders Credit UnionCredit Union	Strong	Sound	Strong	Strong	Strong	$800Fees	0.124%Above	152
28	FirstBankBank	Strong	Sound	Exceptional	Strong	Sound	$1,681Fees	0.534%Above	52
29	GUARANTEED RATE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,847Fees	0.296%Above	363
30	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,401Fees	0.627%Above	274
31	Regions BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$1,957Fees	0.462%Above	240
32	Renasant BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$2,320Fees	0.300%Above	200
33	FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Sound	Strong	Sound	Strong	$3,184Fees	0.276%Above	191
34	STOCKTON MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,729Fees	0.525%Above	141
35	PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,458Fees	0.461%Above	100
36	NATIONSTAR MORTGAGE LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,145Fees	0.478%Above	100
37	CMG MORTGAGE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,179Fees	0.456%Above	95
38	SWBC MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,272Fees	0.495%Above	85
39	UNION HOME MORTGAGE CORP.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,672Fees	0.246%Below	82
40	T2 FINANCIAL LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,625Fees	0.632%Above	81
41	FIRST COMMUNITY MORTGAGE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,021Fees	0.539%Above	72
42	GoodLeap, LLCIndependent Mortgage Company	Strong	Sound	Strong	Sound	Strong	$3,264Fees	0.131%Above	68
43	NEW AMERICAN FUNDING, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Sound	Strong	$3,397Fees	0.599%Above	135
44	Flagstar Bank, N.A.Bank	Strong	Acceptable	Exceptional	Strong	Sound	$2,807Fees	0.421%Above	64
45	Paramount Residential Mortgage Group, Inc.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,303Fees	0.582%Above	62
46	FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$3,137Fees	0.352%Above	42
47	CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIPIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$4,263Fees	0.581%Above	42
48	AMERICAN FINANCIAL NETWORK, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$128Fees	0.693%Above	40
49	MOVEMENT MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$3,477Fees	0.498%Above	31
50	LOWER, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,653Fees	0.662%Above	31

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.