Which mortgage lender in the Beaumont, TX 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 Beaumont, TX 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 Beaumont, TX area in terms of interest rate is Magnolia Bank, with an average “Rate Difference” of -0.24%. This means that, comparing similar borrowers, Magnolia Bank provided a -0.24% lower interest rate for its customers than other lenders in the area. Magnolia Bank has a market share of 1.9%. On the other hand, the most popular lender in the Beaumont, TX area is Quicken Loans, with a larger market share of 11.4%. Quicken Loans 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 Beaumont, TX 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 Beaumont, TX is JPMorgan Chase 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 Fairway Independent Mortgage Corporation. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Magnolia Bank. The cheapest VA mortgage provider is Navy Federal Credit Union. 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 Beaumont, TX
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gateway First Bank | -0.12% | 2.82% | |
| JPMorgan Chase Bank | -0.12% | 3.60% | |
| City Bank | -0.11% | 0.78% | |
| Open Mortgage | -0.11% | 1.56% | |
| AmCap Home Loans | -0.10% | 3.29% | |
| Wells Fargo Bank | -0.08% | 5.01% | |
| Flagstar Bank | -0.08% | 2.66% | |
| Southside Bank | -0.08% | 1.41% | |
| Caliber Home Loans | -0.07% | 1.41% | |
| USAA | -0.06% | 0.94% | |
| Mid America Mortgage | -0.06% | 1.88% | |
| Quicken Loans | -0.04% | 22.69% | |
| FBC Mortgage | -0.04% | 1.10% | |
| Fairway Independent Mortgage Corporation | -0.04% | 0.16% | |
| Guild Mortgage Company | -0.04% | 2.03% | |
| Crescent Mortgage Company | -0.03% | 0.31% | |
| Academy Mortgage Corporation Utah | -0.03% | 0.16% | |
| Cardinal Financial Company | -0.03% | 1.41% | |
| Magnolia Bank | -0.03% | 0.31% | |
| BBVA | -0.02% | 0.94% | |
| Plaza Home Mortgage | -0.02% | 0.16% | |
| Republic State Mortgage Co | -0.02% | 4.54% | |
| Freedom Mortgage Corporation | -0.01% | 0.78% | |
| Guaranteed Rate | -0.00% | 1.41% | |
| Supreme Lending | 0.00% | 0.47% | |
| loanDepot | 0.00% | 3.29% | |
| MCT Credit Union | 0.00% | 7.98% | |
| Thrive Mortgage | 0.01% | 1.10% | |
| Education First Federal Credit Union | 0.05% | 7.67% | |
| Mr. Cooper | 0.12% | 3.76% | |
| First Financial Bank TX | 0.15% | 6.10% | |
| Mobiloil Federal Credit Union | 0.23% | 8.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Magnolia Bank | -0.31% | 5.15% | |
| Flagstar Bank | -0.22% | 3.58% | |
| Open Mortgage | -0.15% | 10.83% | |
| FBC Mortgage | -0.13% | 2.42% | |
| Freedom Mortgage Corporation | -0.11% | 1.79% | |
| Crescent Mortgage Company | -0.08% | 0.53% | |
| City Bank | -0.08% | 1.68% | |
| BBVA | -0.08% | 1.26% | |
| Plaza Home Mortgage | -0.07% | 3.47% | |
| Quicken Loans | -0.06% | 8.10% | |
| Supreme Lending | -0.06% | 3.15% | |
| Republic State Mortgage Co | -0.05% | 9.46% | |
| First Financial Bank TX | -0.04% | 0.53% | |
| Mid America Mortgage | -0.03% | 5.68% | |
| Southside Bank | -0.02% | 0.11% | |
| Caliber Home Loans | -0.01% | 1.26% | |
| Gateway First Bank | -0.01% | 1.37% | |
| JPMorgan Chase Bank | -0.00% | 0.11% | |
| Wells Fargo Bank | 0.00% | 0.11% | |
| Navy Federal Credit Union | 0.00% | 0.11% | |
| Fairway Independent Mortgage Corporation | 0.01% | 4.52% | |
| loanDepot | 0.03% | 0.21% | |
| Mr. Cooper | 0.07% | 1.58% | |
| Academy Mortgage Corporation Utah | 0.07% | 1.89% | |
| Guaranteed Rate | 0.09% | 6.52% | |
| AmCap Home Loans | 0.18% | 6.94% | |
| Thrive Mortgage | 0.22% | 5.99% | |
| Guild Mortgage Company | 0.24% | 6.94% | |
| Cardinal Financial Company | 0.26% | 4.73% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Magnolia Bank | -0.32% | 5.15% | |
| Flagstar Bank | -0.22% | 3.73% | |
| Open Mortgage | -0.15% | 11.18% | |
| FBC Mortgage | -0.13% | 2.41% | |
| Freedom Mortgage Corporation | -0.11% | 1.86% | |
| Crescent Mortgage Company | -0.08% | 0.55% | |
| City Bank | -0.08% | 1.75% | |
| BBVA | -0.08% | 1.32% | |
| Plaza Home Mortgage | -0.07% | 3.62% | |
| Quicken Loans | -0.07% | 7.13% | |
| Supreme Lending | -0.06% | 3.18% | |
| Republic State Mortgage Co | -0.05% | 9.43% | |
| First Financial Bank TX | -0.04% | 0.55% | |
| Mid America Mortgage | -0.04% | 5.81% | |
| Southside Bank | -0.02% | 0.11% | |
| Caliber Home Loans | -0.01% | 1.10% | |
| Gateway First Bank | -0.01% | 1.32% | |
| JPMorgan Chase Bank | -0.00% | 0.11% | |
| Wells Fargo Bank | 0.00% | 0.11% | |
| Navy Federal Credit Union | 0.00% | 0.11% | |
| Fairway Independent Mortgage Corporation | 0.01% | 4.71% | |
| loanDepot | 0.03% | 0.22% | |
| Mr. Cooper | 0.07% | 1.54% | |
| Academy Mortgage Corporation Utah | 0.07% | 1.97% | |
| Guaranteed Rate | 0.10% | 6.69% | |
| AmCap Home Loans | 0.18% | 7.13% | |
| Thrive Mortgage | 0.23% | 6.14% | |
| Cardinal Financial Company | 0.26% | 4.82% | |
| Guild Mortgage Company | 0.28% | 6.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.02% | 30.77% | |
| Caliber Home Loans | -0.02% | 5.13% | |
| Magnolia Bank | -0.01% | 5.13% | |
| Supreme Lending | -0.01% | 2.56% | |
| Open Mortgage | -0.01% | 2.56% | |
| Mid America Mortgage | -0.01% | 2.56% | |
| FBC Mortgage | -0.00% | 2.56% | |
| Cardinal Financial Company | 0.00% | 2.56% | |
| AmCap Home Loans | 0.00% | 2.56% | |
| Gateway First Bank | 0.00% | 2.56% | |
| Republic State Mortgage Co | 0.01% | 10.26% | |
| Guild Mortgage Company | 0.02% | 23.08% | |
| Mr. Cooper | 0.02% | 2.56% | |
| Thrive Mortgage | 0.02% | 2.56% | |
| Guaranteed Rate | 0.03% | 2.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fairway Independent Mortgage Corporation | -0.01% | 20.00% | |
| Supreme Lending | 0.00% | 20.00% | |
| MCT Credit Union | 0.00% | 20.00% | |
| Caliber Home Loans | 0.00% | 20.00% | |
| Wells Fargo Bank | 0.00% | 20.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fairway Independent Mortgage Corporation | -0.01% | 25.00% | |
| Supreme Lending | 0.00% | 25.00% | |
| Caliber Home Loans | 0.00% | 25.00% | |
| Wells Fargo Bank | 0.01% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| MCT Credit Union | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.15% | 10.57% | |
| USAA | -0.11% | 15.45% | |
| Magnolia Bank | -0.04% | 2.85% | |
| Cardinal Financial Company | -0.02% | 2.85% | |
| First Financial Bank TX | -0.01% | 1.63% | |
| Wells Fargo Bank | -0.01% | 2.85% | |
| Caliber Home Loans | 0.01% | 1.63% | |
| City Bank | 0.01% | 1.22% | |
| BBVA | 0.01% | 0.41% | |
| Gateway First Bank | 0.02% | 1.22% | |
| AmCap Home Loans | 0.03% | 5.28% | |
| loanDepot | 0.03% | 1.22% | |
| Academy Mortgage Corporation Utah | 0.03% | 0.81% | |
| Mid America Mortgage | 0.03% | 9.76% | |
| Guaranteed Rate | 0.03% | 0.41% | |
| Freedom Mortgage Corporation | 0.03% | 2.03% | |
| Mr. Cooper | 0.04% | 0.81% | |
| Mobiloil Federal Credit Union | 0.04% | 0.41% | |
| Republic State Mortgage Co | 0.05% | 7.72% | |
| JPMorgan Chase Bank | 0.05% | 1.22% | |
| Thrive Mortgage | 0.05% | 1.22% | |
| Fairway Independent Mortgage Corporation | 0.05% | 4.88% | |
| Flagstar Bank | 0.06% | 2.85% | |
| Open Mortgage | 0.06% | 3.66% | |
| Guild Mortgage Company | 0.09% | 3.25% | |
| Quicken Loans | 0.09% | 7.72% | |
| Plaza Home Mortgage | 0.10% | 3.66% | |
| Supreme Lending | 0.12% | 2.44% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.15% | 11.52% | |
| USAA | -0.11% | 16.59% | |
| Magnolia Bank | -0.03% | 3.23% | |
| Cardinal Financial Company | -0.02% | 3.23% | |
| First Financial Bank TX | -0.01% | 1.84% | |
| Wells Fargo Bank | -0.01% | 3.23% | |
| Caliber Home Loans | 0.01% | 1.38% | |
| City Bank | 0.02% | 1.38% | |
| BBVA | 0.02% | 0.46% | |
| Gateway First Bank | 0.03% | 0.92% | |
| AmCap Home Loans | 0.03% | 5.53% | |
| Academy Mortgage Corporation Utah | 0.03% | 0.92% | |
| Mid America Mortgage | 0.03% | 9.68% | |
| Guaranteed Rate | 0.03% | 0.46% | |
| Freedom Mortgage Corporation | 0.04% | 1.38% | |
| Mr. Cooper | 0.04% | 0.92% | |
| Mobiloil Federal Credit Union | 0.04% | 0.46% | |
| JPMorgan Chase Bank | 0.05% | 1.38% | |
| Thrive Mortgage | 0.05% | 1.38% | |
| Fairway Independent Mortgage Corporation | 0.05% | 5.53% | |
| Flagstar Bank | 0.06% | 2.76% | |
| Open Mortgage | 0.07% | 3.69% | |
| Quicken Loans | 0.09% | 7.83% | |
| Guild Mortgage Company | 0.09% | 3.23% | |
| Plaza Home Mortgage | 0.11% | 4.15% | |
| Republic State Mortgage Co | 0.11% | 4.15% | |
| Supreme Lending | 0.12% | 2.76% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Republic State Mortgage Co | -0.03% | 34.48% | |
| Open Mortgage | -0.00% | 3.45% | |
| Caliber Home Loans | 0.00% | 3.45% | |
| Mid America Mortgage | 0.00% | 10.34% | |
| Navy Federal Credit Union | 0.00% | 3.45% | |
| Gateway First Bank | 0.01% | 3.45% | |
| USAA | 0.01% | 6.90% | |
| Flagstar Bank | 0.01% | 3.45% | |
| loanDepot | 0.01% | 10.34% | |
| Freedom Mortgage Corporation | 0.02% | 6.90% | |
| AmCap Home Loans | 0.02% | 3.45% | |
| Guild Mortgage Company | 0.03% | 3.45% | |
| Quicken Loans | 0.05% | 6.90% |
* Data is compiled for the Beaumont, TX commuting zone area, which comprises of counties of Hardin County, TX, Jasper County, TX, Jefferson County, TX, Newton County, TX, Orange County, TX, Polk County, TX, and Tyler County, TX. This includes cities/towns/communities of Beaumont, TX as well as Lumberton, TX, Bridge City, TX, Port Arthur, TX, Vidor, TX, Nederland, TX, Orange, TX, Groves, TX, Port Neches, TX, Livingston, TX, Mauriceville, TX, Onalaska, TX, Bevil Oaks, TX, Sour Lake, TX, Fannett, TX, Sam Rayburn, TX, Central Gardens, TX, Silsbee, TX, Evadale, TX, Ivanhoe, TX, Jasper, TX, West Livingston, TX, Kirbyville, TX, Nome, TX, Pine Forest, TX, Warren, TX, Woodville, TX, Newton, TX, Buna, TX, Kountze, TX, South Toledo Bend, TX, Deweyville, TX, Colmesneil, TX, West Orange, TX, Pinehurst, TX, and Corrigan, TX. 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
This page contains information about the top mortgage lenders in the Beaumont, TX area. For mortgage lender rankings in other cities, click here.