Safe Rate Rankings

Best FHA 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.
Total Lenders127
Total Loans12,587
Median Rate Spread0.33%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
Patriot BankBank
Exceptional
Exceptional
Strong
Strong
Exceptional
$1,296Fees
0.027%Below
399
2
Orion Federal Credit UnionCredit Union
Exceptional
Exceptional
Strong
Strong
Exceptional
$490Fees
0.150%Below
156
3
Cadence BankBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$2,250Fees
0.001%Above
421
4
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$3,187Fees
0.067%Above
521
5
Pinnacle BankBank
Exceptional
Strong
Strong
Strong
Exceptional
$2,324Fees
0.096%Above
402
6
Eagle Bank and Trust CompanyBank
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$3,142Fees
0.296%Above
272
7
BARTLETT MORTGAGE, INC.Independent Mortgage Company
Exceptional
Strong
Strong
Strong
Exceptional
$1,967Fees
0.230%Above
195
8
FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$3,184Fees
0.276%Above
191
9
COMMUNITY MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Sound
Strong
Exceptional
Exceptional
$3,263Fees
0.210%Above
1,062
10
Trustmark National BankBank
Exceptional
Sound
Exceptional
Strong
Exceptional
$2,143Fees
0.219%Above
335
11
MORTGAGE INVESTORS GROUP, INC.Independent Mortgage Company
Exceptional
Sound
Exceptional
Strong
Exceptional
$2,591Fees
0.190%Above
312
12
PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$2,152Fees
0.044%Below
185
13
Simmons BankBank
Exceptional
Strong
Strong
Strong
Strong
$1,504Fees
0.723%Above
107
14
SWBC MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Strong
$3,272Fees
0.495%Above
85
15
GoodLeap, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$3,264Fees
0.131%Above
68
16
Community Bank of MississippiBank
Exceptional
Strong
Strong
Strong
Strong
$2,131Fees
0.265%Above
57
17
BankPlusBank
Exceptional
Exceptional
Strong
Sound
Sound
$1,230Fees
0.171%Above
41
18
ROCKET MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$4,241Fees
0.380%Above
1,095
19
Renasant BankBank
Strong
Sound
Exceptional
Strong
Strong
$2,320Fees
0.300%Above
200
20
LOANDEPOT.COM, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$3,851Fees
0.410%Above
130
21
Bank of EnglandBank
Strong
Sound
Exceptional
Strong
Strong
$2,655Fees
0.213%Above
104
22
Regions BankBank
Strong
Sound
Exceptional
Sound
Strong
$1,957Fees
0.462%Above
240
23
Nations Lending CorporationIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$2,700Fees
0.553%Above
184
24
Evolve Bank & TrustBank
Strong
Sound
Strong
Strong
Strong
$2,288Fees
0.220%Above
181
25
Leaders Credit UnionCredit Union
Strong
Sound
Strong
Strong
Strong
$800Fees
0.124%Above
152
26
PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$4,458Fees
0.461%Above
100
27
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$3,672Fees
0.246%Below
82
28
T2 FINANCIAL LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$4,625Fees
0.632%Above
81
29
FIRST COMMUNITY MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$3,021Fees
0.539%Above
72
30
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Strong
Sound
$2,807Fees
0.421%Above
64
31
FirstBankBank
Strong
Sound
Exceptional
Strong
Sound
$1,681Fees
0.534%Above
52
32
MORTGAGE FINANCIAL SERVICES, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Sound
$3,932Fees
0.629%Above
47
33
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,847Fees
0.296%Above
363
34
STOCKTON MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$4,729Fees
0.525%Above
141
35
CMG MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$4,179Fees
0.456%Above
95
36
Wells Fargo Bank, National AssociationBank
Strong
Sound
Strong
Sound
Strong
$2,263Fees
0.050%Above
84
37
Equity Prime Mortgage LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$3,504Fees
0.721%Above
75
38
NEWREZ LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Sound
Sound
$2,939Fees
0.368%Above
52
39
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Sound
$3,137Fees
0.352%Above
42
40
Mortgage Research Center, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$310Fees
0.850%Above
319
41
MUTUAL OF OMAHA MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$2,836Fees
0.419%Above
97
42
EVERETT FINANCIAL, INC.Independent Mortgage Company
Strong
Mediocre
Exceptional
Exceptional
Strong
$5,359Fees
0.712%Above
97
43
Paramount Residential Mortgage Group, Inc.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$2,303Fees
0.582%Above
62
44
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIPIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$4,263Fees
0.581%Above
42
45
AMERICAN FINANCIAL NETWORK, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$128Fees
0.693%Above
40
46
MOVEMENT MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$3,477Fees
0.498%Above
31
47
LOWER, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Sound
$2,653Fees
0.662%Above
31
48
Independent BankBank
Strong
Acceptable
Sound
Strong
Strong
$2,320Fees
0.386%Above
110
49
Bank of America, National AssociationBank
Strong
Acceptable
Strong
Sound
Strong
$2,610Fees
0.007%Below
77
50
CARRINGTON MORTGAGE SERVICES, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Sound
$4,501Fees
0.528%Above
64

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)

10
Pricing
Rate and fee competitiveness (25%)
10
Pull Through
Reliability in closing loans (25%)
10
Product
Specialization in the loan type (25%)
10
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.