Top Mortgage Lenders in Columbia, MO

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. 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 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, 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 (for example, above $548,250 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

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Central Bank of Boone County-0.12%(4.0)13.16%
Hawthorn Bank-0.08%(4.0)3.48%
Central Bank Jefferson City-0.06%(4.0)13.03%
Jefferson Bank of Missouri-0.05%(3.5)8.41%
Home Point Financial Corporation-0.04%(3.5)2.67%
Bank of America-0.03%(3.5)0.86%
Missouri Credit Union-0.02%(3.5)8.92%
CMG Financial-0.02%(3.5)1.50%
Flagstar Bank-0.01%(3.5)1.42%
Midwest Mortgage Associates-0.01%(3.5)1.37%
US Bank0.01%(3.5)2.95%
USAA0.01%(3.5)0.97%
loanDepot0.02%(3.5)0.99%
Community Mortgage0.02%(3.5)0.94%
Flat Branch Mortgage0.03%(3.5)19.16%
Gershman Mortgage0.06%(3.0)2.18%
Wells Fargo Bank0.07%(3.0)1.14%
Commerce Bank0.08%(3.0)1.68%
Regions Bank0.10%(3.0)0.94%
DAS Acquisition Company0.15%(2.5)8.49%
Quicken Loans0.19%(2.5)5.74%
Lender NameRate DifferenceRate RatingMarket Share
Central Bank of Boone County-0.11%(4.0)11.73%
Jefferson Bank of Missouri-0.06%(4.0)8.11%
Hawthorn Bank-0.05%(4.0)3.03%
Missouri Credit Union-0.05%(4.0)7.52%
Home Point Financial Corporation-0.05%(3.5)2.76%
Central Bank Jefferson City-0.05%(3.5)11.30%
Bank of America-0.05%(3.5)0.98%
US Bank-0.04%(3.5)3.23%
CMG Financial-0.03%(3.5)2.13%
Flagstar Bank-0.03%(3.5)1.50%
Midwest Mortgage Associates-0.02%(3.5)1.54%
USAA0.00%(3.5)1.26%
Wells Fargo Bank0.00%(3.5)1.02%
loanDepot0.01%(3.5)0.16%
Community Mortgage0.02%(3.5)1.22%
Regions Bank0.04%(3.5)0.75%
Flat Branch Mortgage0.05%(3.5)24.53%
Gershman Mortgage0.05%(3.5)2.24%
Commerce Bank0.07%(3.0)1.69%
Quicken Loans0.10%(3.0)2.83%
DAS Acquisition Company0.15%(2.5)10.47%
Lender NameRate DifferenceRate RatingMarket Share
Central Bank of Boone County-0.13%(4.0)15.76%
Hawthorn Bank-0.10%(4.0)4.30%
Central Bank Jefferson City-0.08%(4.0)16.19%
Flat Branch Mortgage-0.07%(4.0)9.38%
Home Point Financial Corporation-0.03%(3.5)2.51%
Jefferson Bank of Missouri-0.02%(3.5)8.95%
Bank of America0.01%(3.5)0.64%
Missouri Credit Union0.02%(3.5)11.46%
Community Mortgage0.02%(3.5)0.43%
Flagstar Bank0.02%(3.5)1.29%
USAA0.03%(3.5)0.43%
Midwest Mortgage Associates0.03%(3.5)1.07%
loanDepot0.04%(3.5)2.51%
CMG Financial0.04%(3.5)0.36%
Gershman Mortgage0.07%(3.0)2.08%
Commerce Bank0.09%(3.0)1.65%
US Bank0.11%(3.0)2.44%
DAS Acquisition Company0.12%(3.0)4.87%
Wells Fargo Bank0.17%(2.5)1.36%
Regions Bank0.18%(2.5)1.29%
Quicken Loans0.24%(2.5)11.03%
Lender NameRate DifferenceRate RatingMarket Share
Central Bank of Boone County-0.12%(4.0)15.45%
Hawthorn Bank-0.07%(4.0)4.43%
Central Bank Jefferson City-0.06%(4.0)15.64%
Jefferson Bank of Missouri-0.05%(3.5)9.34%
Home Point Financial Corporation-0.04%(3.5)2.23%
Bank of America-0.02%(3.5)1.07%
Missouri Credit Union-0.02%(3.5)11.34%
US Bank0.01%(3.5)3.14%
Flat Branch Mortgage0.02%(3.5)16.42%
Midwest Mortgage Associates0.03%(3.5)0.94%
loanDepot0.04%(3.5)0.52%
CMG Financial0.04%(3.5)0.97%
Community Mortgage0.05%(3.5)0.61%
USAA0.06%(3.0)0.42%
Flagstar Bank0.08%(3.0)0.68%
Wells Fargo Bank0.09%(3.0)1.29%
Commerce Bank0.10%(3.0)1.87%
Gershman Mortgage0.11%(3.0)1.36%
Regions Bank0.12%(3.0)1.13%
DAS Acquisition Company0.18%(2.5)6.56%
Quicken Loans0.31%(2.0)4.59%
Lender NameRate DifferenceRate RatingMarket Share
Central Bank of Boone County-0.11%(4.0)13.98%
Jefferson Bank of Missouri-0.07%(4.0)8.79%
Home Point Financial Corporation-0.05%(3.5)2.49%
Hawthorn Bank-0.05%(3.5)4.08%
Missouri Credit Union-0.05%(3.5)10.11%
US Bank-0.04%(3.5)3.65%
Bank of America-0.04%(3.5)1.27%
Central Bank Jefferson City-0.04%(3.5)13.82%
loanDepot-0.01%(3.5)0.05%
Wells Fargo Bank0.01%(3.5)1.16%
Midwest Mortgage Associates0.02%(3.5)1.01%
CMG Financial0.03%(3.5)1.38%
Community Mortgage0.04%(3.5)0.90%
Regions Bank0.05%(3.5)0.95%
Flat Branch Mortgage0.05%(3.5)21.12%
USAA0.05%(3.0)0.58%
Commerce Bank0.09%(3.0)2.12%
Flagstar Bank0.09%(3.0)0.74%
Gershman Mortgage0.13%(3.0)1.16%
Quicken Loans0.17%(2.5)2.44%
DAS Acquisition Company0.18%(2.5)8.21%
Lender NameRate DifferenceRate RatingMarket Share
Central Bank of Boone County-0.13%(4.0)17.76%
Hawthorn Bank-0.10%(4.0)4.98%
Flat Branch Mortgage-0.08%(4.0)9.05%
Central Bank Jefferson City-0.08%(4.0)18.51%
Home Point Financial Corporation-0.04%(3.5)1.83%
Jefferson Bank of Missouri-0.02%(3.5)10.21%
Bank of America0.01%(3.5)0.75%
Community Mortgage0.01%(3.5)0.17%
Missouri Credit Union0.02%(3.5)13.28%
USAA0.04%(3.5)0.17%
Flagstar Bank0.05%(3.5)0.58%
Midwest Mortgage Associates0.05%(3.5)0.83%
loanDepot0.05%(3.0)1.24%
CMG Financial0.05%(3.0)0.33%
Gershman Mortgage0.10%(3.0)1.66%
Commerce Bank0.11%(3.0)1.49%
US Bank0.13%(3.0)2.32%
DAS Acquisition Company0.16%(2.5)3.98%
Wells Fargo Bank0.18%(2.5)1.49%
Regions Bank0.19%(2.5)1.41%
Quicken Loans0.39%(1.5)7.97%
Lender NameRate DifferenceRate RatingMarket Share
Flagstar Bank-0.12%(4.0)4.22%
CMG Financial-0.12%(4.0)4.61%
Central Bank Jefferson City-0.10%(4.0)2.30%
Midwest Mortgage Associates-0.07%(4.0)4.22%
Central Bank of Boone County-0.07%(4.0)4.22%
Quicken Loans-0.06%(4.0)11.32%
Commerce Bank-0.04%(3.5)0.77%
Home Point Financial Corporation-0.03%(3.5)2.69%
US Bank-0.03%(3.5)0.96%
Regions Bank-0.03%(3.5)0.19%
Community Mortgage-0.02%(3.5)2.30%
Gershman Mortgage-0.01%(3.5)5.37%
Jefferson Bank of Missouri0.01%(3.5)5.18%
Flat Branch Mortgage0.03%(3.5)30.90%
loanDepot0.03%(3.5)1.34%
DAS Acquisition Company0.10%(3.0)19.39%
Lender NameRate DifferenceRate RatingMarket Share
Flagstar Bank-0.14%(4.0)4.08%
CMG Financial-0.13%(4.0)5.22%
Central Bank Jefferson City-0.11%(4.0)2.49%
Midwest Mortgage Associates-0.09%(4.0)4.08%
Central Bank of Boone County-0.08%(4.0)4.99%
Home Point Financial Corporation-0.05%(4.0)2.49%
Quicken Loans-0.05%(3.5)4.31%
US Bank-0.04%(3.5)0.91%
Commerce Bank-0.04%(3.5)0.45%
Regions Bank-0.04%(3.5)0.23%
Community Mortgage-0.03%(3.5)2.72%
Gershman Mortgage-0.01%(3.5)5.67%
loanDepot-0.01%(3.5)0.68%
Jefferson Bank of Missouri0.00%(3.5)6.12%
Flat Branch Mortgage0.02%(3.5)35.15%
DAS Acquisition Company0.10%(3.0)20.41%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.03%(3.5)50.00%
Gershman Mortgage-0.02%(3.5)3.75%
Flagstar Bank-0.01%(3.5)5.00%
Commerce Bank-0.00%(3.5)2.50%
Midwest Mortgage Associates0.00%(3.5)5.00%
CMG Financial0.01%(3.5)1.25%
Central Bank Jefferson City0.02%(3.5)1.25%
Flat Branch Mortgage0.03%(3.5)7.50%
US Bank0.03%(3.5)1.25%
Home Point Financial Corporation0.04%(3.5)3.75%
DAS Acquisition Company0.06%(3.0)13.75%
loanDepot0.10%(3.0)5.00%
Lender NameRate DifferenceRate RatingMarket Share
Jefferson Bank of Missouri-0.01%(3.5)6.25%
Wells Fargo Bank-0.01%(3.5)31.25%
Commerce Bank-0.00%(3.5)18.75%
Bank of America-0.00%(3.5)6.25%
Central Bank of Boone County0.00%(3.5)12.50%
US Bank0.01%(3.5)25.00%
Lender NameRate DifferenceRate RatingMarket Share
Commerce Bank-0.01%(3.5)11.11%
Wells Fargo Bank-0.00%(3.5)44.44%
Bank of America0.00%(3.5)11.11%
Central Bank of Boone County0.00%(3.5)22.22%
US Bank0.01%(3.5)11.11%
Lender NameRate DifferenceRate RatingMarket Share
Jefferson Bank of Missouri-0.02%(3.5)14.29%
Wells Fargo Bank-0.01%(3.5)14.29%
Commerce Bank-0.00%(3.5)28.57%
US Bank0.01%(3.5)42.86%
Lender NameRate DifferenceRate RatingMarket Share
Central Bank Jefferson City-0.07%(4.0)5.57%
Home Point Financial Corporation-0.06%(4.0)7.21%
Central Bank of Boone County-0.06%(4.0)5.25%
Jefferson Bank of Missouri-0.06%(4.0)4.59%
Flagstar Bank-0.04%(3.5)4.26%
loanDepot-0.04%(3.5)5.25%
USAA-0.04%(3.5)8.20%
Gershman Mortgage-0.03%(3.5)5.25%
Commerce Bank-0.03%(3.5)0.33%
Midwest Mortgage Associates-0.03%(3.5)0.98%
Community Mortgage-0.02%(3.5)1.97%
Regions Bank-0.01%(3.5)0.33%
CMG Financial0.00%(3.5)1.64%
US Bank0.01%(3.5)3.28%
Flat Branch Mortgage0.04%(3.5)27.87%
Quicken Loans0.04%(3.5)8.20%
DAS Acquisition Company0.08%(3.0)9.84%
Lender NameRate DifferenceRate RatingMarket Share
Central Bank Jefferson City-0.09%(4.0)7.46%
Central Bank of Boone County-0.08%(4.0)4.98%
Home Point Financial Corporation-0.07%(4.0)5.97%
Jefferson Bank of Missouri-0.07%(4.0)6.47%
Flagstar Bank-0.07%(4.0)2.99%
Gershman Mortgage-0.05%(4.0)4.98%
USAA-0.05%(4.0)10.45%
Midwest Mortgage Associates-0.04%(3.5)1.00%
Community Mortgage-0.04%(3.5)1.00%
Quicken Loans-0.02%(3.5)3.48%
CMG Financial-0.01%(3.5)2.49%
US Bank0.00%(3.5)3.98%
Flat Branch Mortgage0.06%(3.0)34.33%
DAS Acquisition Company0.11%(3.0)10.45%
Lender NameRate DifferenceRate RatingMarket Share
Flat Branch Mortgage-0.06%(4.0)15.38%
Home Point Financial Corporation-0.04%(3.5)9.62%
Central Bank of Boone County-0.03%(3.5)5.77%
loanDepot-0.01%(3.5)15.38%
Central Bank Jefferson City-0.01%(3.5)1.92%
Commerce Bank-0.00%(3.5)0.96%
Flagstar Bank0.00%(3.5)6.73%
USAA0.00%(3.5)3.85%
Community Mortgage0.00%(3.5)3.85%
Midwest Mortgage Associates0.01%(3.5)0.96%
Gershman Mortgage0.01%(3.5)5.77%
Jefferson Bank of Missouri0.01%(3.5)0.96%
Regions Bank0.02%(3.5)0.96%
DAS Acquisition Company0.02%(3.5)8.65%
US Bank0.02%(3.5)1.92%
Quicken Loans0.09%(3.0)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.

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