Safe Rate Rankings

Best USDA 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	Exceptional	Exceptional	$1,296Fees	0.027%Below	399
2	Trustmark National BankBank	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$2,143Fees	0.219%Above	335
3	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Exceptional	Strong	Exceptional	Strong	Exceptional	$3,187Fees	0.067%Above	521
4	Cadence BankBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$2,250Fees	0.001%Above	421
5	Eagle Bank and Trust CompanyBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$3,142Fees	0.296%Above	272
6	COMMUNITY MORTGAGE CORPORATIONIndependent Mortgage Company	Exceptional	Sound	Exceptional	Exceptional	Exceptional	$3,263Fees	0.210%Above	1,062
7	Renasant BankBank	Strong	Sound	Exceptional	Strong	Strong	$2,320Fees	0.300%Above	200
8	CMG MORTGAGE, INC.Independent Mortgage Company	Strong	Sound	Exceptional	Strong	Strong	$4,179Fees	0.456%Above	95
9	STOCKTON MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,729Fees	0.525%Above	141
10	Bank of EnglandBank	Strong	Acceptable	Exceptional	Sound	Strong	$2,655Fees	0.213%Above	104
11	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Strong	Mediocre	Exceptional	Strong	Strong	$4,401Fees	0.627%Above	274
12	ACOPIA, LLCIndependent Mortgage Company	Sound	Mediocre	Strong	Strong	Sound	$4,404Fees	0.166%Above	44

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.