Which mortgage lender in the Columbia, 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 Columbia, 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 Columbia, MO area in terms of interest rate is Central Bank of Boone County, with an average “Rate Difference” of -0.12%. This means that, comparing similar borrowers, Central Bank of Boone County provided a -0.12% lower interest rate for its customers than other lenders in the area. Central Bank of Boone County has a market share of 13.2%. On the other hand, the most popular lender in the Columbia, MO area is Flat Branch Mortgage, with a larger market share of 19.2%. Flat Branch Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.03% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Columbia, 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 Columbia, MO is Central Bank of Boone County. 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 Jefferson Bank of Missouri. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Flagstar Bank. The cheapest VA mortgage provider is Central Bank Jefferson City. 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 Columbia, MO
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank of Boone County | -0.12% | 13.16% | |
| Hawthorn Bank | -0.08% | 3.48% | |
| Central Bank Jefferson City | -0.06% | 13.03% | |
| Jefferson Bank of Missouri | -0.05% | 8.41% | |
| Home Point Financial Corporation | -0.04% | 2.67% | |
| Bank of America | -0.03% | 0.86% | |
| Missouri Credit Union | -0.02% | 8.92% | |
| CMG Financial | -0.02% | 1.50% | |
| Flagstar Bank | -0.01% | 1.42% | |
| Midwest Mortgage Associates | -0.01% | 1.37% | |
| US Bank | 0.01% | 2.95% | |
| USAA | 0.01% | 0.97% | |
| loanDepot | 0.02% | 0.99% | |
| Community Mortgage | 0.02% | 0.94% | |
| Flat Branch Mortgage | 0.03% | 19.16% | |
| Gershman Mortgage | 0.06% | 2.18% | |
| Wells Fargo Bank | 0.07% | 1.14% | |
| Commerce Bank | 0.08% | 1.68% | |
| Regions Bank | 0.10% | 0.94% | |
| DAS Acquisition Company | 0.15% | 8.49% | |
| Quicken Loans | 0.19% | 5.74% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank of Boone County | -0.11% | 11.73% | |
| Jefferson Bank of Missouri | -0.06% | 8.11% | |
| Hawthorn Bank | -0.05% | 3.03% | |
| Missouri Credit Union | -0.05% | 7.52% | |
| Home Point Financial Corporation | -0.05% | 2.76% | |
| Central Bank Jefferson City | -0.05% | 11.30% | |
| Bank of America | -0.05% | 0.98% | |
| US Bank | -0.04% | 3.23% | |
| CMG Financial | -0.03% | 2.13% | |
| Flagstar Bank | -0.03% | 1.50% | |
| Midwest Mortgage Associates | -0.02% | 1.54% | |
| USAA | 0.00% | 1.26% | |
| Wells Fargo Bank | 0.00% | 1.02% | |
| loanDepot | 0.01% | 0.16% | |
| Community Mortgage | 0.02% | 1.22% | |
| Regions Bank | 0.04% | 0.75% | |
| Flat Branch Mortgage | 0.05% | 24.53% | |
| Gershman Mortgage | 0.05% | 2.24% | |
| Commerce Bank | 0.07% | 1.69% | |
| Quicken Loans | 0.10% | 2.83% | |
| DAS Acquisition Company | 0.15% | 10.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank of Boone County | -0.13% | 15.76% | |
| Hawthorn Bank | -0.10% | 4.30% | |
| Central Bank Jefferson City | -0.08% | 16.19% | |
| Flat Branch Mortgage | -0.07% | 9.38% | |
| Home Point Financial Corporation | -0.03% | 2.51% | |
| Jefferson Bank of Missouri | -0.02% | 8.95% | |
| Bank of America | 0.01% | 0.64% | |
| Missouri Credit Union | 0.02% | 11.46% | |
| Community Mortgage | 0.02% | 0.43% | |
| Flagstar Bank | 0.02% | 1.29% | |
| USAA | 0.03% | 0.43% | |
| Midwest Mortgage Associates | 0.03% | 1.07% | |
| loanDepot | 0.04% | 2.51% | |
| CMG Financial | 0.04% | 0.36% | |
| Gershman Mortgage | 0.07% | 2.08% | |
| Commerce Bank | 0.09% | 1.65% | |
| US Bank | 0.11% | 2.44% | |
| DAS Acquisition Company | 0.12% | 4.87% | |
| Wells Fargo Bank | 0.17% | 1.36% | |
| Regions Bank | 0.18% | 1.29% | |
| Quicken Loans | 0.24% | 11.03% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank of Boone County | -0.12% | 15.45% | |
| Hawthorn Bank | -0.07% | 4.43% | |
| Central Bank Jefferson City | -0.06% | 15.64% | |
| Jefferson Bank of Missouri | -0.05% | 9.34% | |
| Home Point Financial Corporation | -0.04% | 2.23% | |
| Bank of America | -0.02% | 1.07% | |
| Missouri Credit Union | -0.02% | 11.34% | |
| US Bank | 0.01% | 3.14% | |
| Flat Branch Mortgage | 0.02% | 16.42% | |
| Midwest Mortgage Associates | 0.03% | 0.94% | |
| loanDepot | 0.04% | 0.52% | |
| CMG Financial | 0.04% | 0.97% | |
| Community Mortgage | 0.05% | 0.61% | |
| USAA | 0.06% | 0.42% | |
| Flagstar Bank | 0.08% | 0.68% | |
| Wells Fargo Bank | 0.09% | 1.29% | |
| Commerce Bank | 0.10% | 1.87% | |
| Gershman Mortgage | 0.11% | 1.36% | |
| Regions Bank | 0.12% | 1.13% | |
| DAS Acquisition Company | 0.18% | 6.56% | |
| Quicken Loans | 0.31% | 4.59% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank of Boone County | -0.11% | 13.98% | |
| Jefferson Bank of Missouri | -0.07% | 8.79% | |
| Home Point Financial Corporation | -0.05% | 2.49% | |
| Hawthorn Bank | -0.05% | 4.08% | |
| Missouri Credit Union | -0.05% | 10.11% | |
| US Bank | -0.04% | 3.65% | |
| Bank of America | -0.04% | 1.27% | |
| Central Bank Jefferson City | -0.04% | 13.82% | |
| loanDepot | -0.01% | 0.05% | |
| Wells Fargo Bank | 0.01% | 1.16% | |
| Midwest Mortgage Associates | 0.02% | 1.01% | |
| CMG Financial | 0.03% | 1.38% | |
| Community Mortgage | 0.04% | 0.90% | |
| Regions Bank | 0.05% | 0.95% | |
| Flat Branch Mortgage | 0.05% | 21.12% | |
| USAA | 0.05% | 0.58% | |
| Commerce Bank | 0.09% | 2.12% | |
| Flagstar Bank | 0.09% | 0.74% | |
| Gershman Mortgage | 0.13% | 1.16% | |
| Quicken Loans | 0.17% | 2.44% | |
| DAS Acquisition Company | 0.18% | 8.21% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank of Boone County | -0.13% | 17.76% | |
| Hawthorn Bank | -0.10% | 4.98% | |
| Flat Branch Mortgage | -0.08% | 9.05% | |
| Central Bank Jefferson City | -0.08% | 18.51% | |
| Home Point Financial Corporation | -0.04% | 1.83% | |
| Jefferson Bank of Missouri | -0.02% | 10.21% | |
| Bank of America | 0.01% | 0.75% | |
| Community Mortgage | 0.01% | 0.17% | |
| Missouri Credit Union | 0.02% | 13.28% | |
| USAA | 0.04% | 0.17% | |
| Flagstar Bank | 0.05% | 0.58% | |
| Midwest Mortgage Associates | 0.05% | 0.83% | |
| loanDepot | 0.05% | 1.24% | |
| CMG Financial | 0.05% | 0.33% | |
| Gershman Mortgage | 0.10% | 1.66% | |
| Commerce Bank | 0.11% | 1.49% | |
| US Bank | 0.13% | 2.32% | |
| DAS Acquisition Company | 0.16% | 3.98% | |
| Wells Fargo Bank | 0.18% | 1.49% | |
| Regions Bank | 0.19% | 1.41% | |
| Quicken Loans | 0.39% | 7.97% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.12% | 4.22% | |
| CMG Financial | -0.12% | 4.61% | |
| Central Bank Jefferson City | -0.10% | 2.30% | |
| Midwest Mortgage Associates | -0.07% | 4.22% | |
| Central Bank of Boone County | -0.07% | 4.22% | |
| Quicken Loans | -0.06% | 11.32% | |
| Commerce Bank | -0.04% | 0.77% | |
| Home Point Financial Corporation | -0.03% | 2.69% | |
| US Bank | -0.03% | 0.96% | |
| Regions Bank | -0.03% | 0.19% | |
| Community Mortgage | -0.02% | 2.30% | |
| Gershman Mortgage | -0.01% | 5.37% | |
| Jefferson Bank of Missouri | 0.01% | 5.18% | |
| Flat Branch Mortgage | 0.03% | 30.90% | |
| loanDepot | 0.03% | 1.34% | |
| DAS Acquisition Company | 0.10% | 19.39% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.14% | 4.08% | |
| CMG Financial | -0.13% | 5.22% | |
| Central Bank Jefferson City | -0.11% | 2.49% | |
| Midwest Mortgage Associates | -0.09% | 4.08% | |
| Central Bank of Boone County | -0.08% | 4.99% | |
| Home Point Financial Corporation | -0.05% | 2.49% | |
| Quicken Loans | -0.05% | 4.31% | |
| US Bank | -0.04% | 0.91% | |
| Commerce Bank | -0.04% | 0.45% | |
| Regions Bank | -0.04% | 0.23% | |
| Community Mortgage | -0.03% | 2.72% | |
| Gershman Mortgage | -0.01% | 5.67% | |
| loanDepot | -0.01% | 0.68% | |
| Jefferson Bank of Missouri | 0.00% | 6.12% | |
| Flat Branch Mortgage | 0.02% | 35.15% | |
| DAS Acquisition Company | 0.10% | 20.41% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.03% | 50.00% | |
| Gershman Mortgage | -0.02% | 3.75% | |
| Flagstar Bank | -0.01% | 5.00% | |
| Commerce Bank | -0.00% | 2.50% | |
| Midwest Mortgage Associates | 0.00% | 5.00% | |
| CMG Financial | 0.01% | 1.25% | |
| Central Bank Jefferson City | 0.02% | 1.25% | |
| Flat Branch Mortgage | 0.03% | 7.50% | |
| US Bank | 0.03% | 1.25% | |
| Home Point Financial Corporation | 0.04% | 3.75% | |
| DAS Acquisition Company | 0.06% | 13.75% | |
| loanDepot | 0.10% | 5.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Jefferson Bank of Missouri | -0.01% | 6.25% | |
| Wells Fargo Bank | -0.01% | 31.25% | |
| Commerce Bank | -0.00% | 18.75% | |
| Bank of America | -0.00% | 6.25% | |
| Central Bank of Boone County | 0.00% | 12.50% | |
| US Bank | 0.01% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Commerce Bank | -0.01% | 11.11% | |
| Wells Fargo Bank | -0.00% | 44.44% | |
| Bank of America | 0.00% | 11.11% | |
| Central Bank of Boone County | 0.00% | 22.22% | |
| US Bank | 0.01% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Jefferson Bank of Missouri | -0.02% | 14.29% | |
| Wells Fargo Bank | -0.01% | 14.29% | |
| Commerce Bank | -0.00% | 28.57% | |
| US Bank | 0.01% | 42.86% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank Jefferson City | -0.07% | 5.57% | |
| Home Point Financial Corporation | -0.06% | 7.21% | |
| Central Bank of Boone County | -0.06% | 5.25% | |
| Jefferson Bank of Missouri | -0.06% | 4.59% | |
| Flagstar Bank | -0.04% | 4.26% | |
| loanDepot | -0.04% | 5.25% | |
| USAA | -0.04% | 8.20% | |
| Gershman Mortgage | -0.03% | 5.25% | |
| Commerce Bank | -0.03% | 0.33% | |
| Midwest Mortgage Associates | -0.03% | 0.98% | |
| Community Mortgage | -0.02% | 1.97% | |
| Regions Bank | -0.01% | 0.33% | |
| CMG Financial | 0.00% | 1.64% | |
| US Bank | 0.01% | 3.28% | |
| Flat Branch Mortgage | 0.04% | 27.87% | |
| Quicken Loans | 0.04% | 8.20% | |
| DAS Acquisition Company | 0.08% | 9.84% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank Jefferson City | -0.09% | 7.46% | |
| Central Bank of Boone County | -0.08% | 4.98% | |
| Home Point Financial Corporation | -0.07% | 5.97% | |
| Jefferson Bank of Missouri | -0.07% | 6.47% | |
| Flagstar Bank | -0.07% | 2.99% | |
| Gershman Mortgage | -0.05% | 4.98% | |
| USAA | -0.05% | 10.45% | |
| Midwest Mortgage Associates | -0.04% | 1.00% | |
| Community Mortgage | -0.04% | 1.00% | |
| Quicken Loans | -0.02% | 3.48% | |
| CMG Financial | -0.01% | 2.49% | |
| US Bank | 0.00% | 3.98% | |
| Flat Branch Mortgage | 0.06% | 34.33% | |
| DAS Acquisition Company | 0.11% | 10.45% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flat Branch Mortgage | -0.06% | 15.38% | |
| Home Point Financial Corporation | -0.04% | 9.62% | |
| Central Bank of Boone County | -0.03% | 5.77% | |
| loanDepot | -0.01% | 15.38% | |
| Central Bank Jefferson City | -0.01% | 1.92% | |
| Commerce Bank | -0.00% | 0.96% | |
| Flagstar Bank | 0.00% | 6.73% | |
| USAA | 0.00% | 3.85% | |
| Community Mortgage | 0.00% | 3.85% | |
| Midwest Mortgage Associates | 0.01% | 0.96% | |
| Gershman Mortgage | 0.01% | 5.77% | |
| Jefferson Bank of Missouri | 0.01% | 0.96% | |
| Regions Bank | 0.02% | 0.96% | |
| DAS Acquisition Company | 0.02% | 8.65% | |
| US Bank | 0.02% | 1.92% | |
| Quicken Loans | 0.09% | 17.31% |
* Data is compiled for the Columbia, MO commuting zone area, which comprises of counties of Boone County, MO, Callaway County, MO, Cole County, MO, Cooper County, MO, Howard County, MO, Moniteau County, MO, and Osage County, MO. This includes cities/towns/communities of Columbia, MO as well as Jefferson City, MO, Fulton, MO, Ashland, MO, Pierpont, MO, Sturgeon, MO, Boonville, MO, Lake Mykee Town, MO, St. Martins, MO, Jefferson City, MO, Centralia, MO, New Bloomfield, MO, Centertown, MO, Harrisburg, MO, California, MO, St. Thomas, MO, Rocheport, MO, Taos, MO, Jamestown, MO, Wooldridge, MO, Auxvasse, MO, Linn, MO, Russellville, MO, Westphalia, MO, Clarksburg, MO, Chamois, MO, Franklin, MO, Fayette, MO, Freeburg, MO, Tipton, MO, and Armstrong, MO. 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 Columbia, MO area. For mortgage lender rankings in other cities, click here.