Top Mortgage Lenders in Alexandria, LA

Which mortgage lender in the Alexandria, LA 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 Alexandria, LA area by interest rate and market share. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We 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 Alexandria, LA area in terms of interest rate is Red River Bank, with an average “Rate Difference” of -0.17%. This means that, comparing similar borrowers, Red River Bank provided a -0.17% lower interest rate for its customers than other lenders in the area. Red River Bank has a market share of 25.5%. It is the most popular lender in the Alexandria, LA area.

Our detailed ranking of mortgage lenders in the Alexandria, LA 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, the cheapest lender for Conventional mortgages in Alexandria, LA is Red River Bank. If you want to take out a loan that is above conforming limits (for example, above $548,250 in 2021), the cheapest Jumbo mortgage provider is Regions Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Red River Bank. The cheapest VA mortgage provider is also Red River 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 Alexandria, LA

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.17%(4.5)25.46%
GMFS Mortgage-0.04%(3.5)10.15%
Fairway Independent Mortgage Corporation-0.01%(3.5)15.59%
Guaranty Home Mortgage Corporation0.03%(3.5)2.95%
Regions Bank0.04%(3.5)4.43%
JPMorgan Chase Bank0.05%(3.5)3.23%
Quicken Loans0.07%(3.0)10.79%
Guild Mortgage Company0.08%(3.0)7.10%
NewRez0.08%(3.0)4.80%
Sabine State Bank and Trust Company0.12%(3.0)4.98%
AmCap Home Loans0.16%(2.5)5.26%
Primary Residential Mortgage Inc0.25%(2.5)5.26%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.19%(4.5)25.52%
GMFS Mortgage-0.04%(3.5)10.48%
Fairway Independent Mortgage Corporation-0.01%(3.5)19.86%
Regions Bank0.01%(3.5)4.00%
Guaranty Home Mortgage Corporation0.04%(3.5)3.59%
JPMorgan Chase Bank0.04%(3.5)1.38%
Quicken Loans0.04%(3.5)4.28%
NewRez0.04%(3.5)2.21%
Guild Mortgage Company0.10%(3.0)8.14%
Sabine State Bank and Trust Company0.14%(3.0)6.34%
AmCap Home Loans0.18%(2.5)6.62%
Primary Residential Mortgage Inc0.26%(2.0)7.59%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.13%(4.0)25.35%
GMFS Mortgage-0.04%(3.5)9.47%
Guild Mortgage Company0.00%(3.5)5.01%
Sabine State Bank and Trust Company0.02%(3.5)2.23%
Fairway Independent Mortgage Corporation0.02%(3.5)6.96%
Guaranty Home Mortgage Corporation0.04%(3.5)1.67%
JPMorgan Chase Bank0.04%(3.5)6.96%
AmCap Home Loans0.05%(3.5)2.51%
Primary Residential Mortgage Inc0.06%(3.0)0.56%
Quicken Loans0.07%(3.0)23.96%
Regions Bank0.07%(3.0)5.29%
NewRez0.09%(3.0)10.03%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.16%(4.5)32.83%
Primary Residential Mortgage Inc-0.02%(3.5)0.51%
GMFS Mortgage0.00%(3.5)9.31%
Guild Mortgage Company0.03%(3.5)4.23%
Regions Bank0.05%(3.5)7.61%
JPMorgan Chase Bank0.06%(3.0)5.92%
AmCap Home Loans0.07%(3.0)4.40%
Fairway Independent Mortgage Corporation0.08%(3.0)8.12%
Guaranty Home Mortgage Corporation0.10%(3.0)3.05%
Quicken Loans0.12%(3.0)11.84%
NewRez0.13%(3.0)5.58%
Sabine State Bank and Trust Company0.16%(2.5)6.60%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.17%(4.5)34.82%
Primary Residential Mortgage Inc0.00%(3.5)0.89%
Regions Bank0.03%(3.5)7.74%
GMFS Mortgage0.04%(3.5)9.82%
Guild Mortgage Company0.05%(3.5)6.85%
JPMorgan Chase Bank0.06%(3.0)2.98%
Quicken Loans0.07%(3.0)4.46%
NewRez0.09%(3.0)2.08%
AmCap Home Loans0.09%(3.0)5.95%
Fairway Independent Mortgage Corporation0.11%(3.0)10.12%
Guaranty Home Mortgage Corporation0.14%(3.0)3.57%
Sabine State Bank and Trust Company0.19%(2.5)10.71%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.15%(4.0)30.20%
GMFS Mortgage-0.05%(4.0)8.63%
Fairway Independent Mortgage Corporation0.01%(3.5)5.49%
Guild Mortgage Company0.02%(3.5)0.78%
Sabine State Bank and Trust Company0.02%(3.5)1.18%
AmCap Home Loans0.03%(3.5)2.35%
Guaranty Home Mortgage Corporation0.04%(3.5)2.35%
JPMorgan Chase Bank0.04%(3.5)9.80%
Regions Bank0.07%(3.0)7.45%
Quicken Loans0.11%(3.0)21.57%
NewRez0.12%(3.0)10.20%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.21%(4.5)16.15%
GMFS Mortgage-0.12%(4.0)9.63%
Guaranty Home Mortgage Corporation-0.09%(4.0)2.55%
Fairway Independent Mortgage Corporation-0.08%(4.0)26.35%
Quicken Loans0.01%(3.5)10.76%
Sabine State Bank and Trust Company0.03%(3.5)2.55%
NewRez0.03%(3.5)2.83%
Guild Mortgage Company0.14%(3.0)10.48%
Primary Residential Mortgage Inc0.27%(2.0)11.33%
AmCap Home Loans0.27%(2.0)7.37%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.23%(4.5)17.71%
GMFS Mortgage-0.14%(4.0)10.07%
Guaranty Home Mortgage Corporation-0.08%(4.0)3.12%
Fairway Independent Mortgage Corporation-0.08%(4.0)29.86%
Sabine State Bank and Trust Company0.03%(3.5)2.08%
NewRez0.03%(3.5)1.74%
Quicken Loans0.03%(3.5)4.17%
Guild Mortgage Company0.18%(2.5)10.07%
Primary Residential Mortgage Inc0.28%(2.0)13.19%
AmCap Home Loans0.30%(2.0)7.99%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.03%(3.5)9.23%
Quicken Loans-0.02%(3.5)40.00%
Fairway Independent Mortgage Corporation0.01%(3.5)10.77%
GMFS Mortgage0.01%(3.5)7.69%
Sabine State Bank and Trust Company0.01%(3.5)4.62%
Guild Mortgage Company0.02%(3.5)12.31%
NewRez0.02%(3.5)7.69%
Primary Residential Mortgage Inc0.06%(3.0)3.08%
AmCap Home Loans0.08%(3.0)4.62%
Lender NameRate DifferenceRate RatingMarket Share
Regions Bank-0.00%(3.5)12.50%
Red River Bank-0.00%(3.5)75.00%
GMFS Mortgage0.00%(3.5)12.50%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.00%(3.5)33.33%
Regions Bank-0.00%(3.5)33.33%
GMFS Mortgage0.00%(3.5)33.33%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank0.00%(3.5)100.00%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.12%(4.0)14.39%
GMFS Mortgage-0.04%(3.5)15.15%
Guild Mortgage Company-0.04%(3.5)11.36%
Sabine State Bank and Trust Company-0.03%(3.5)4.55%
NewRez-0.03%(3.5)6.82%
Quicken Loans-0.03%(3.5)6.82%
Regions Bank-0.01%(3.5)1.52%
Guaranty Home Mortgage Corporation-0.01%(3.5)3.79%
AmCap Home Loans0.03%(3.5)3.79%
Fairway Independent Mortgage Corporation0.05%(3.5)21.21%
Primary Residential Mortgage Inc0.20%(2.5)10.61%
Lender NameRate DifferenceRate RatingMarket Share
Red River Bank-0.14%(4.0)16.33%
Sabine State Bank and Trust Company-0.05%(4.0)4.08%
NewRez-0.05%(4.0)4.08%
Quicken Loans-0.05%(4.0)4.08%
GMFS Mortgage-0.04%(3.5)13.27%
Regions Bank-0.02%(3.5)2.04%
Guild Mortgage Company-0.02%(3.5)7.14%
Guaranty Home Mortgage Corporation-0.02%(3.5)5.10%
AmCap Home Loans0.02%(3.5)5.10%
Fairway Independent Mortgage Corporation0.04%(3.5)24.49%
Primary Residential Mortgage Inc0.19%(2.5)14.29%
Lender NameRate DifferenceRate RatingMarket Share
GMFS Mortgage-0.02%(3.5)20.59%
Guild Mortgage Company-0.02%(3.5)23.53%
Red River Bank-0.02%(3.5)8.82%
NewRez0.01%(3.5)14.71%
Sabine State Bank and Trust Company0.01%(3.5)5.88%
Quicken Loans0.02%(3.5)14.71%
Fairway Independent Mortgage Corporation0.06%(3.0)11.76%

* Data is compiled for the Alexandria, LA commuting zone area, which comprises of counties of Avoyelles Parish, LA, Grant Parish, LA, and Rapides Parish, LA. This includes cities/towns/communities of Alexandria, LA as well as Pineville, LA, Rock Hill, LA, Ball, LA, Woodworth, LA, Hessmer, LA, Forest Hill, LA, Cheneyville, LA, Marksville, LA, Moreauville, LA, Fifth Ward, LA, Plaucheville, LA, Bunkie, LA, Montgomery, LA, Colfax, LA, Georgetown, LA, Center Point, LA, Bordelonville, LA, and Simmesport, LA. 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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