Which mortgage lender in the Joplin, MO area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Joplin, MO area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Joplin, MO area in terms of interest rate is Southwest Missouri Bank, with an average “Rate Difference” of -0.18%. This means that, comparing similar borrowers, Southwest Missouri Bank provided a -0.18% lower interest rate for its customers than other lenders in the area. Southwest Missouri Bank has a market share of 9.4%. On the other hand, the most popular lender in the Joplin, MO area is Flat Branch Mortgage, with a larger market share of 37.2%. Flat Branch Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.01% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Joplin, MO area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Joplin, MO is Southwest Missouri Bank. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Arvest Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Guaranty Bank. The cheapest VA mortgage provider is Southwest Missouri Bank. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Joplin, MO
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.18% | 9.39% | |
| Guaranty Bank | -0.10% | 6.34% | |
| US Bank | -0.06% | 6.94% | |
| Flagstar Bank | -0.00% | 1.57% | |
| PennyMac Loan Services | 0.00% | 1.43% | |
| Pinnacle Bank – KMN | 0.01% | 1.67% | |
| Gateway First Bank | 0.01% | 4.07% | |
| Flat Branch Mortgage | 0.01% | 37.19% | |
| Arvest Bank | 0.02% | 12.81% | |
| Wells Fargo Bank | 0.04% | 2.96% | |
| Commerce Bank | 0.10% | 2.27% | |
| Quicken Loans | 0.10% | 11.29% | |
| DAS Acquisition Company | 0.19% | 2.08% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.17% | 7.38% | |
| Guaranty Bank | -0.13% | 7.00% | |
| US Bank | -0.07% | 5.49% | |
| PennyMac Loan Services | -0.03% | 1.14% | |
| Flagstar Bank | -0.01% | 1.32% | |
| Flat Branch Mortgage | 0.01% | 47.38% | |
| Pinnacle Bank – KMN | 0.02% | 1.32% | |
| Wells Fargo Bank | 0.02% | 2.97% | |
| Gateway First Bank | 0.03% | 3.97% | |
| Arvest Bank | 0.03% | 11.74% | |
| Commerce Bank | 0.10% | 1.83% | |
| Quicken Loans | 0.11% | 5.87% | |
| DAS Acquisition Company | 0.20% | 2.59% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.18% | 14.90% | |
| Flat Branch Mortgage | -0.07% | 9.19% | |
| US Bank | -0.04% | 10.92% | |
| Gateway First Bank | -0.03% | 4.33% | |
| Guaranty Bank | -0.02% | 4.51% | |
| Pinnacle Bank – KMN | -0.01% | 2.60% | |
| Arvest Bank | 0.00% | 15.77% | |
| Flagstar Bank | 0.02% | 2.25% | |
| PennyMac Loan Services | 0.05% | 2.25% | |
| DAS Acquisition Company | 0.05% | 0.69% | |
| Commerce Bank | 0.10% | 3.47% | |
| Wells Fargo Bank | 0.10% | 2.95% | |
| Quicken Loans | 0.12% | 26.17% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.18% | 12.38% | |
| Guaranty Bank | -0.09% | 5.33% | |
| US Bank | -0.05% | 9.74% | |
| Flat Branch Mortgage | -0.00% | 30.73% | |
| Gateway First Bank | -0.00% | 4.13% | |
| Flagstar Bank | 0.00% | 1.64% | |
| Pinnacle Bank – KMN | 0.01% | 2.28% | |
| PennyMac Loan Services | 0.02% | 1.21% | |
| Wells Fargo Bank | 0.05% | 4.41% | |
| DAS Acquisition Company | 0.06% | 0.36% | |
| Arvest Bank | 0.06% | 15.36% | |
| Commerce Bank | 0.12% | 3.20% | |
| Quicken Loans | 0.18% | 9.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.18% | 9.49% | |
| Guaranty Bank | -0.11% | 5.88% | |
| US Bank | -0.06% | 7.95% | |
| Flagstar Bank | -0.01% | 1.34% | |
| PennyMac Loan Services | -0.01% | 1.03% | |
| Flat Branch Mortgage | -0.00% | 41.07% | |
| Gateway First Bank | 0.01% | 4.02% | |
| Pinnacle Bank – KMN | 0.03% | 1.96% | |
| Wells Fargo Bank | 0.03% | 4.64% | |
| DAS Acquisition Company | 0.05% | 0.52% | |
| Arvest Bank | 0.09% | 14.24% | |
| Commerce Bank | 0.12% | 2.79% | |
| Quicken Loans | 0.19% | 5.06% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.18% | 18.76% | |
| Flat Branch Mortgage | -0.09% | 7.78% | |
| US Bank | -0.04% | 13.73% | |
| Gateway First Bank | -0.03% | 4.35% | |
| Guaranty Bank | -0.02% | 4.12% | |
| Pinnacle Bank – KMN | -0.00% | 2.97% | |
| Arvest Bank | 0.01% | 17.85% | |
| Flagstar Bank | 0.03% | 2.29% | |
| PennyMac Loan Services | 0.07% | 1.60% | |
| Wells Fargo Bank | 0.11% | 3.89% | |
| Commerce Bank | 0.12% | 4.12% | |
| Quicken Loans | 0.19% | 18.54% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guaranty Bank | -0.16% | 8.91% | |
| Southwest Missouri Bank | -0.15% | 3.03% | |
| Arvest Bank | -0.13% | 7.31% | |
| PennyMac Loan Services | -0.05% | 0.71% | |
| US Bank | -0.04% | 1.25% | |
| Pinnacle Bank – KMN | -0.02% | 0.18% | |
| Quicken Loans | -0.02% | 14.97% | |
| Commerce Bank | -0.01% | 0.53% | |
| Flagstar Bank | -0.01% | 0.89% | |
| Flat Branch Mortgage | 0.03% | 50.62% | |
| Gateway First Bank | 0.04% | 4.99% | |
| DAS Acquisition Company | 0.20% | 6.60% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guaranty Bank | -0.17% | 9.55% | |
| Southwest Missouri Bank | -0.16% | 3.25% | |
| Arvest Bank | -0.15% | 7.52% | |
| PennyMac Loan Services | -0.06% | 0.61% | |
| US Bank | -0.05% | 1.22% | |
| Pinnacle Bank – KMN | -0.03% | 0.20% | |
| Flagstar Bank | -0.02% | 0.81% | |
| Commerce Bank | -0.01% | 0.20% | |
| Quicken Loans | 0.01% | 7.93% | |
| Flat Branch Mortgage | 0.03% | 56.71% | |
| Gateway First Bank | 0.05% | 4.88% | |
| DAS Acquisition Company | 0.21% | 7.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.01% | 65.22% | |
| Gateway First Bank | 0.00% | 5.80% | |
| Flat Branch Mortgage | 0.00% | 7.25% | |
| Guaranty Bank | 0.01% | 4.35% | |
| PennyMac Loan Services | 0.01% | 1.45% | |
| Arvest Bank | 0.02% | 5.80% | |
| Commerce Bank | 0.02% | 2.90% | |
| US Bank | 0.02% | 1.45% | |
| Southwest Missouri Bank | 0.03% | 1.45% | |
| Flagstar Bank | 0.04% | 1.45% | |
| DAS Acquisition Company | 0.06% | 2.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.01% | 33.33% | |
| US Bank | 0.00% | 66.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.01% | 50.00% | |
| US Bank | 0.01% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.08% | 6.25% | |
| Arvest Bank | -0.07% | 9.90% | |
| Wells Fargo Bank | -0.04% | 1.04% | |
| PennyMac Loan Services | -0.02% | 5.21% | |
| Gateway First Bank | -0.02% | 1.04% | |
| Guaranty Bank | -0.01% | 6.25% | |
| Commerce Bank | -0.01% | 0.52% | |
| Flagstar Bank | -0.01% | 3.12% | |
| US Bank | -0.00% | 2.08% | |
| Pinnacle Bank – KMN | -0.00% | 1.56% | |
| Flat Branch Mortgage | 0.00% | 45.83% | |
| DAS Acquisition Company | 0.01% | 1.56% | |
| Quicken Loans | 0.08% | 15.62% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Missouri Bank | -0.09% | 7.32% | |
| Arvest Bank | -0.06% | 8.94% | |
| PennyMac Loan Services | -0.05% | 4.07% | |
| Wells Fargo Bank | -0.04% | 1.63% | |
| Commerce Bank | -0.01% | 0.81% | |
| US Bank | -0.00% | 2.44% | |
| Flagstar Bank | 0.00% | 3.25% | |
| Guaranty Bank | 0.01% | 5.69% | |
| Pinnacle Bank – KMN | 0.01% | 0.81% | |
| DAS Acquisition Company | 0.02% | 0.81% | |
| Flat Branch Mortgage | 0.02% | 60.16% | |
| Quicken Loans | 0.06% | 4.07% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.09% | 11.59% | |
| Flat Branch Mortgage | -0.07% | 20.29% | |
| Guaranty Bank | -0.04% | 7.25% | |
| Southwest Missouri Bank | -0.03% | 4.35% | |
| Gateway First Bank | -0.03% | 2.90% | |
| Flagstar Bank | -0.02% | 2.90% | |
| Pinnacle Bank – KMN | -0.01% | 2.90% | |
| US Bank | -0.01% | 1.45% | |
| PennyMac Loan Services | 0.00% | 7.25% | |
| DAS Acquisition Company | 0.01% | 2.90% | |
| Quicken Loans | 0.08% | 36.23% |
* Data is compiled for the Joplin, MO commuting zone area, which comprises of counties of Bourbon County, KS, Cherokee County, KS, Crawford County, KS, Jasper County, MO, and Newton County, MO. This includes cities/towns/communities of Joplin, MO as well as Neosho, MO, Webb City, MO, Carthage, MO, Pittsburg, KS, Carl Junction, MO, Oronogo, MO, Jasper, MO, Airport Drive, MO, Loma Linda, MO, Dennis Acres, MO, Diamond, MO, Fort Scott, KS, Silver Creek, MO, Duquesne, MO, Newtonia, MO, Reeds, MO, Columbus, KS, Seneca, MO, Baxter Springs, KS, Riverton, KS, Mulberry, KS, Fairview, MO, Girard, KS, Galena, KS, Chicopee, KS, Cherokee, KS, Roseland, KS, Mapleton, KS, Uniontown, KS, and West Mineral, KS. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
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