Which mortgage lender in the Colorado Springs, CO 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 Colorado Springs, CO 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 Colorado Springs, CO area in terms of interest rate is ENT Credit Union, with an average “Rate Difference” of -0.29%. This means that, comparing similar borrowers, ENT Credit Union provided a -0.29% lower interest rate for its customers than other lenders in the area. ENT Credit Union has a market share of 10.0%. It is the most popular lender in the Colorado Springs, CO area.
Our detailed ranking of mortgage lenders in the Colorado Springs, CO 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. Going by historical data, ENT Credit Union is the cheapest mortgage provider for Conventional, Jumbo, FHA, and VA mortgages in Colorado Springs, CO. 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 Colorado Springs, CO
Lender Name | Rate Difference | Rate Rating | Market Share |
---|---|---|---|
ENT Credit Union | -0.05% | 24.67% | |
BBVA | -0.01% | 7.33% | |
US Bank | -0.01% | 17.33% | |
Security Service Federal Credit Union | -0.01% | 1.33% | |
Wells Fargo Bank | 0.00% | 5.33% | |
Quicken Loans | 0.01% | 6.00% | |
Bank of America | 0.01% | 2.00% | |
FirstBank | 0.01% | 2.67% | |
KeyBank | 0.01% | 2.67% | |
Cardinal Financial Company | 0.02% | 0.67% | |
Fairway Independent Mortgage Corporation | 0.02% | 0.67% | |
First Technology Credit Union | 0.02% | 0.67% | |
Movement Mortgage | 0.02% | 0.67% | |
V.I.P. Mortgage Inc | 0.02% | 0.67% | |
NBH Bank | 0.02% | 0.67% | |
Central Bank Jefferson City | 0.02% | 0.67% | |
Universal Lending Corporation | 0.02% | 1.33% | |
Draper and Kramer Mortgage Corp | 0.03% | 0.67% | |
Nova Home Loans | 0.03% | 0.67% | |
Primary Residential Mortgage Inc | 0.03% | 0.67% | |
Navy Federal Credit Union | 0.03% | 1.33% | |
NBKC Bank | 0.03% | 0.67% | |
New American Funding | 0.03% | 0.67% | |
Academy Mortgage Corporation Utah | 0.04% | 4.00% | |
loanDepot | 0.04% | 2.00% | |
Benchmark | 0.04% | 0.67% | |
Caliber Home Loans | 0.04% | 1.33% | |
Cherry Creek Mortgage | 0.05% | 2.67% | |
Cornerstone Home Lending | 0.05% | 2.00% | |
JPMorgan Chase Bank | 0.07% | 7.33% |
* Data is compiled for the Colorado Springs, CO commuting zone area, which comprises of counties of El Paso County, CO, Lincoln County, CO, and Teller County, CO. This includes cities/towns/communities of Colorado Springs, CO as well as Fountain, CO, Security-Widefield, CO, Black Forest, CO, Cimarron Hills, CO, Woodland Park, CO, Monument, CO, Woodmoor, CO, Gleneagle, CO, Ellicott, CO, Calhan, CO, Florissant, CO, Green Mountain Falls, CO, Stratmoor, CO, Cripple Creek, CO, Rock Creek Park, CO, Limon, CO, Hugo, CO, Goldfield, CO, and Fort Carson, CO. 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 Colorado Springs, CO area. For mortgage lender rankings in other cities, click here.