Top Mortgage Lenders in Buffalo, NY

Which mortgage lender in the Buffalo, NY area typically has the best rates? To help you narrow down where to shop for a mortgage, provides an objective and data driven ranking of mortgage lenders operating in the Buffalo, NY 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 Buffalo, NY area in terms of interest rate is Five Star Bank, with an average “Rate Difference” of -0.24%. This means that, comparing similar borrowers, Five Star Bank provided a -0.24% lower interest rate for its customers than other lenders in the area. Five Star Bank has a market share of 4.3%. On the other hand, the most popular lender in the Buffalo, NY area is M&T Bank, with a larger market share of 14.5%. M&T Bank is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.06% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Buffalo, NY 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 Buffalo, NY is SEFCU. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Premium Mortgage Corporation. 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 Buffalo, NY

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
Five Star Bank-0.24%(4.5)4.31%
OwnersChoice Funding-0.22%(4.5)2.57%
HSBC Bank USA-0.15%(4.5)0.44%
Northwest Bank PA-0.15%(4.0)4.14%
Navy Federal Credit Union-0.12%(4.0)0.64%
Bank of America-0.09%(4.0)2.42%
Premium Mortgage Corporation-0.08%(4.0)9.31%
Supreme Lending-0.07%(4.0)0.84%
M&T Bank-0.06%(4.0)14.48%
1st Priority Mortgage, Inc-0.05%(3.5)6.92%
Home Point Financial Corporation-0.02%(3.5)1.44%
Homestead Funding Corp-0.02%(3.5)0.99%
Freedom Mortgage Corporation-0.01%(3.5)0.79%
Santander Bank0.00%(3.5)0.25%
Plaza Home Mortgage0.02%(3.5)0.40%
Reliance First Capital0.02%(3.5)0.25%
CNB Bank0.02%(3.5)0.32%
Carrington Mortgage Services0.03%(3.5)0.51%
JPMorgan Chase Bank0.03%(3.5)0.60%
Guaranteed Rate0.04%(3.5)0.67%
NVR Mortgage Finance Inc0.07%(3.0)0.42%
Flagstar Bank0.08%(3.0)0.55%
Barrington Bank & Trust0.08%(3.0)0.21%
Caliber Home Loans0.09%(3.0)1.14%
Wells Fargo Bank0.10%(3.0)1.59%
Movement Mortgage0.11%(3.0)1.75%
Royal United Mortgage0.12%(3.0)0.31%
Mr. Cooper0.13%(3.0)3.20%
Hunt Mortgage Corporation0.17%(2.5)7.61%
Quicken Loans0.21%(2.5)12.20%
Community Bank NA0.23%(2.5)2.75%
Lender NameRate DifferenceRate RatingMarket Share
Five Star Bank-0.28%(5.0)5.17%
HSBC Bank USA-0.16%(4.5)0.45%
Navy Federal Credit Union-0.14%(4.0)0.84%
Northwest Bank PA-0.13%(4.0)2.75%
Bank of America-0.11%(4.0)2.89%
OwnersChoice Funding-0.09%(4.0)1.86%
Premium Mortgage Corporation-0.08%(4.0)12.94%
Supreme Lending-0.07%(4.0)1.13%
M&T Bank-0.05%(4.0)15.21%
1st Priority Mortgage, Inc-0.05%(4.0)9.82%
Home Point Financial Corporation-0.04%(3.5)1.86%
Freedom Mortgage Corporation-0.03%(3.5)0.84%
Homestead Funding Corp-0.03%(3.5)1.31%
Reliance First Capital-0.02%(3.5)0.01%
JPMorgan Chase Bank-0.01%(3.5)0.56%
Mr. Cooper-0.01%(3.5)2.24%
Santander Bank0.00%(3.5)0.28%
CNB Bank0.01%(3.5)0.16%
Plaza Home Mortgage0.01%(3.5)0.50%
Guaranteed Rate0.03%(3.5)0.81%
NVR Mortgage Finance Inc0.07%(3.0)0.62%
Royal United Mortgage0.07%(3.0)0.12%
Carrington Mortgage Services0.09%(3.0)0.14%
Flagstar Bank0.09%(3.0)0.67%
Barrington Bank & Trust0.09%(3.0)0.27%
Caliber Home Loans0.10%(3.0)1.46%
Wells Fargo Bank0.12%(3.0)1.63%
Movement Mortgage0.12%(3.0)2.29%
Hunt Mortgage Corporation0.17%(2.5)10.72%
Community Bank NA0.34%(2.0)2.48%
Quicken Loans0.34%(2.0)5.42%
Lender NameRate DifferenceRate RatingMarket Share
OwnersChoice Funding-0.33%(5.0)4.04%
Northwest Bank PA-0.15%(4.5)7.02%
Premium Mortgage Corporation-0.13%(4.0)1.80%
1st Priority Mortgage, Inc-0.13%(4.0)0.92%
HSBC Bank USA-0.12%(4.0)0.42%
Five Star Bank-0.10%(4.0)2.51%
M&T Bank-0.09%(4.0)12.97%
Bank of America-0.04%(3.5)1.45%
Hunt Mortgage Corporation-0.03%(3.5)1.17%
Supreme Lending-0.02%(3.5)0.25%
Santander Bank-0.01%(3.5)0.17%
Navy Federal Credit Union0.00%(3.5)0.23%
Barrington Bank & Trust0.01%(3.5)0.08%
Plaza Home Mortgage0.01%(3.5)0.17%
Movement Mortgage0.02%(3.5)0.63%
Homestead Funding Corp0.02%(3.5)0.34%
Flagstar Bank0.02%(3.5)0.31%
Carrington Mortgage Services0.02%(3.5)1.28%
Home Point Financial Corporation0.02%(3.5)0.59%
Caliber Home Loans0.03%(3.5)0.46%
Reliance First Capital0.03%(3.5)0.75%
Freedom Mortgage Corporation0.03%(3.5)0.69%
Guaranteed Rate0.03%(3.5)0.38%
CNB Bank0.03%(3.5)0.65%
Wells Fargo Bank0.06%(3.0)1.53%
Community Bank NA0.07%(3.0)3.31%
JPMorgan Chase Bank0.10%(3.0)0.69%
Royal United Mortgage0.15%(3.0)0.71%
Quicken Loans0.16%(2.5)26.27%
Mr. Cooper0.26%(2.0)5.17%
Lender NameRate DifferenceRate RatingMarket Share
Five Star Bank-0.25%(5.0)5.24%
OwnersChoice Funding-0.22%(4.5)3.39%
HSBC Bank USA-0.15%(4.5)0.58%
Northwest Bank PA-0.15%(4.0)5.31%
Bank of America-0.10%(4.0)2.99%
Homestead Funding Corp-0.09%(4.0)0.74%
Supreme Lending-0.05%(4.0)0.82%
M&T Bank-0.05%(3.5)16.50%
Premium Mortgage Corporation-0.04%(3.5)8.55%
1st Priority Mortgage, Inc-0.04%(3.5)6.88%
Carrington Mortgage Services0.00%(3.5)0.25%
Santander Bank0.00%(3.5)0.32%
Home Point Financial Corporation0.01%(3.5)1.31%
CNB Bank0.02%(3.5)0.40%
Guaranteed Rate0.03%(3.5)0.47%
JPMorgan Chase Bank0.03%(3.5)0.78%
Reliance First Capital0.07%(3.0)0.13%
Plaza Home Mortgage0.07%(3.0)0.12%
NVR Mortgage Finance Inc0.08%(3.0)0.43%
Flagstar Bank0.11%(3.0)0.16%
Wells Fargo Bank0.11%(3.0)1.85%
Freedom Mortgage Corporation0.12%(3.0)0.49%
Caliber Home Loans0.13%(3.0)1.12%
Hunt Mortgage Corporation0.14%(3.0)7.00%
Movement Mortgage0.14%(3.0)1.56%
Royal United Mortgage0.17%(2.5)0.23%
Navy Federal Credit Union0.20%(2.5)0.29%
Community Bank NA0.24%(2.5)3.63%
Mr. Cooper0.29%(2.0)1.60%
Quicken Loans0.30%(2.0)9.39%
Lender NameRate DifferenceRate RatingMarket Share
Five Star Bank-0.30%(5.0)6.34%
HSBC Bank USA-0.17%(4.5)0.61%
Northwest Bank PA-0.14%(4.0)3.55%
Bank of America-0.12%(4.0)3.62%
Homestead Funding Corp-0.12%(4.0)0.95%
OwnersChoice Funding-0.10%(4.0)2.50%
Supreme Lending-0.06%(4.0)1.12%
1st Priority Mortgage, Inc-0.05%(3.5)9.85%
Premium Mortgage Corporation-0.04%(3.5)11.92%
M&T Bank-0.03%(3.5)17.35%
JPMorgan Chase Bank-0.02%(3.5)0.73%
Santander Bank0.00%(3.5)0.38%
Home Point Financial Corporation0.00%(3.5)1.70%
CNB Bank0.01%(3.5)0.22%
Guaranteed Rate0.02%(3.5)0.56%
NVR Mortgage Finance Inc0.07%(3.0)0.65%
Plaza Home Mortgage0.08%(3.0)0.12%
Carrington Mortgage Services0.09%(3.0)0.08%
Royal United Mortgage0.09%(3.0)0.08%
Mr. Cooper0.12%(3.0)0.57%
Flagstar Bank0.12%(3.0)0.19%
Caliber Home Loans0.13%(3.0)1.46%
Wells Fargo Bank0.14%(3.0)1.85%
Hunt Mortgage Corporation0.14%(3.0)9.91%
Freedom Mortgage Corporation0.15%(3.0)0.56%
Movement Mortgage0.15%(2.5)2.07%
Navy Federal Credit Union0.24%(2.5)0.35%
Community Bank NA0.34%(2.0)3.35%
Quicken Loans0.41%(1.5)4.23%
Lender NameRate DifferenceRate RatingMarket Share
OwnersChoice Funding-0.32%(5.0)5.10%
Northwest Bank PA-0.15%(4.0)8.73%
Premium Mortgage Corporation-0.14%(4.0)2.01%
1st Priority Mortgage, Inc-0.13%(4.0)1.11%
HSBC Bank USA-0.12%(4.0)0.50%
Five Star Bank-0.09%(4.0)3.09%
M&T Bank-0.09%(4.0)14.84%
Bank of America-0.03%(3.5)1.77%
Hunt Mortgage Corporation-0.03%(3.5)1.35%
Supreme Lending-0.01%(3.5)0.24%
Carrington Mortgage Services-0.01%(3.5)0.58%
Santander Bank-0.00%(3.5)0.21%
Navy Federal Credit Union-0.00%(3.5)0.16%
Movement Mortgage0.02%(3.5)0.58%
Homestead Funding Corp0.03%(3.5)0.32%
Plaza Home Mortgage0.03%(3.5)0.11%
Guaranteed Rate0.03%(3.5)0.29%
Caliber Home Loans0.04%(3.5)0.48%
Home Point Financial Corporation0.04%(3.5)0.56%
Freedom Mortgage Corporation0.04%(3.5)0.37%
CNB Bank0.04%(3.5)0.77%
Flagstar Bank0.07%(3.0)0.11%
Wells Fargo Bank0.07%(3.0)1.85%
Community Bank NA0.07%(3.0)4.18%
Reliance First Capital0.09%(3.0)0.40%
JPMorgan Chase Bank0.11%(3.0)0.87%
Royal United Mortgage0.21%(2.5)0.53%
Quicken Loans0.27%(2.0)19.41%
Mr. Cooper0.36%(1.5)3.60%
Lender NameRate DifferenceRate RatingMarket Share
Premium Mortgage Corporation-0.20%(4.5)12.05%
M&T Bank-0.17%(4.5)8.21%
Freedom Mortgage Corporation-0.16%(4.5)2.09%
Home Point Financial Corporation-0.12%(4.0)2.37%
Five Star Bank-0.12%(4.0)1.38%
Supreme Lending-0.11%(4.0)1.22%
Northwest Bank PA-0.08%(4.0)0.20%
1st Priority Mortgage, Inc-0.08%(4.0)8.02%
Bank of America-0.05%(4.0)0.51%
Reliance First Capital-0.02%(3.5)0.55%
Navy Federal Credit Union-0.01%(3.5)0.04%
Caliber Home Loans-0.01%(3.5)1.46%
Plaza Home Mortgage-0.00%(3.5)1.38%
HSBC Bank USA0.00%(3.5)0.04%
NVR Mortgage Finance Inc0.01%(3.5)0.24%
Barrington Bank & Trust0.02%(3.5)0.16%
Wells Fargo Bank0.03%(3.5)0.20%
Mr. Cooper0.03%(3.5)9.76%
Movement Mortgage0.04%(3.5)2.65%
Guaranteed Rate0.04%(3.5)1.42%
Flagstar Bank0.05%(3.5)1.66%
Carrington Mortgage Services0.06%(3.0)1.30%
Quicken Loans0.06%(3.0)22.71%
Royal United Mortgage0.07%(3.0)0.51%
Homestead Funding Corp0.09%(3.0)1.66%
Hunt Mortgage Corporation0.28%(2.0)10.47%
Lender NameRate DifferenceRate RatingMarket Share
Freedom Mortgage Corporation-0.21%(4.5)2.14%
M&T Bank-0.20%(4.5)9.06%
Premium Mortgage Corporation-0.20%(4.5)16.02%
Home Point Financial Corporation-0.13%(4.0)3.00%
Supreme Lending-0.12%(4.0)1.50%
Five Star Bank-0.12%(4.0)1.88%
Northwest Bank PA-0.08%(4.0)0.27%
1st Priority Mortgage, Inc-0.08%(4.0)10.83%
Bank of America-0.05%(4.0)0.70%
Mr. Cooper-0.05%(3.5)8.15%
Reliance First Capital-0.02%(3.5)0.05%
Navy Federal Credit Union-0.01%(3.5)0.05%
Caliber Home Loans-0.01%(3.5)1.88%
Plaza Home Mortgage-0.00%(3.5)1.77%
NVR Mortgage Finance Inc0.01%(3.5)0.32%
Barrington Bank & Trust0.02%(3.5)0.21%
Wells Fargo Bank0.03%(3.5)0.27%
Movement Mortgage0.04%(3.5)3.32%
Guaranteed Rate0.05%(3.5)1.61%
Flagstar Bank0.05%(3.0)1.98%
Royal United Mortgage0.06%(3.0)0.27%
Homestead Funding Corp0.10%(3.0)2.14%
Carrington Mortgage Services0.10%(3.0)0.32%
Hunt Mortgage Corporation0.28%(2.0)14.04%
Quicken Loans0.28%(2.0)10.34%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.05%(4.0)57.36%
M&T Bank-0.05%(3.5)5.86%
Supreme Lending-0.04%(3.5)0.45%
Premium Mortgage Corporation-0.03%(3.5)0.90%
Reliance First Capital-0.02%(3.5)1.95%
Home Point Financial Corporation-0.01%(3.5)0.60%
Homestead Funding Corp-0.01%(3.5)0.30%
1st Priority Mortgage, Inc-0.01%(3.5)0.15%
Movement Mortgage0.00%(3.5)0.75%
Caliber Home Loans0.00%(3.5)0.30%
Plaza Home Mortgage0.00%(3.5)0.30%
HSBC Bank USA0.01%(3.5)0.15%
Flagstar Bank0.01%(3.5)0.75%
Hunt Mortgage Corporation0.02%(3.5)0.45%
Freedom Mortgage Corporation0.02%(3.5)1.95%
Guaranteed Rate0.03%(3.5)0.90%
Carrington Mortgage Services0.05%(3.0)4.05%
Royal United Mortgage0.08%(3.0)1.20%
Mr. Cooper0.16%(2.5)14.26%
Lender NameRate DifferenceRate RatingMarket Share
Wells Fargo Bank-0.04%(3.5)8.87%
M&T Bank-0.02%(3.5)36.29%
Bank of America-0.01%(3.5)6.45%
1st Priority Mortgage, Inc0.01%(3.5)1.61%
Homestead Funding Corp0.01%(3.5)0.81%
JPMorgan Chase Bank0.01%(3.5)0.81%
CNB Bank0.01%(3.5)1.61%
Hunt Mortgage Corporation0.02%(3.5)0.81%
Five Star Bank0.02%(3.5)3.23%
Northwest Bank PA0.02%(3.5)8.87%
Movement Mortgage0.04%(3.5)0.81%
Lender NameRate DifferenceRate RatingMarket Share
Wells Fargo Bank-0.04%(3.5)10.71%
M&T Bank-0.03%(3.5)35.71%
Bank of America-0.01%(3.5)7.14%
Homestead Funding Corp0.02%(3.5)1.19%
JPMorgan Chase Bank0.02%(3.5)1.19%
1st Priority Mortgage, Inc0.02%(3.5)1.19%
Hunt Mortgage Corporation0.02%(3.5)1.19%
Northwest Bank PA0.02%(3.5)7.14%
Five Star Bank0.03%(3.5)2.38%
Movement Mortgage0.05%(3.5)1.19%
Lender NameRate DifferenceRate RatingMarket Share
Wells Fargo Bank-0.02%(3.5)5.00%
Bank of America-0.02%(3.5)5.00%
M&T Bank-0.01%(3.5)37.50%
1st Priority Mortgage, Inc-0.01%(3.5)2.50%
Five Star Bank-0.00%(3.5)5.00%
CNB Bank-0.00%(3.5)5.00%
Northwest Bank PA0.01%(3.5)12.50%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.29%(5.0)6.84%
M&T Bank-0.13%(4.0)4.04%
Premium Mortgage Corporation-0.11%(4.0)12.33%
1st Priority Mortgage, Inc-0.04%(3.5)5.04%
Five Star Bank-0.02%(3.5)1.12%
Reliance First Capital-0.02%(3.5)0.90%
Plaza Home Mortgage-0.02%(3.5)1.12%
Home Point Financial Corporation-0.01%(3.5)0.67%
Carrington Mortgage Services-0.01%(3.5)1.57%
Freedom Mortgage Corporation-0.00%(3.5)0.90%
Mr. Cooper0.00%(3.5)4.93%
Supreme Lending0.01%(3.5)0.22%
Caliber Home Loans0.01%(3.5)0.56%
Bank of America0.02%(3.5)0.11%
Homestead Funding Corp0.03%(3.5)2.35%
Wells Fargo Bank0.04%(3.5)1.35%
Royal United Mortgage0.04%(3.5)0.78%
Guaranteed Rate0.04%(3.5)1.12%
Movement Mortgage0.05%(3.0)1.68%
NVR Mortgage Finance Inc0.06%(3.0)0.78%
Hunt Mortgage Corporation0.08%(3.0)8.07%
Barrington Bank & Trust0.09%(3.0)3.03%
Flagstar Bank0.10%(3.0)2.35%
Quicken Loans0.14%(3.0)19.17%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.29%(5.0)9.26%
M&T Bank-0.13%(4.0)5.29%
Premium Mortgage Corporation-0.10%(4.0)17.52%
1st Priority Mortgage, Inc-0.02%(3.5)7.44%
Five Star Bank-0.01%(3.5)1.49%
Plaza Home Mortgage0.01%(3.5)1.32%
Freedom Mortgage Corporation0.01%(3.5)0.33%
Home Point Financial Corporation0.02%(3.5)0.50%
Mr. Cooper0.02%(3.5)4.63%
Supreme Lending0.03%(3.5)0.33%
Bank of America0.04%(3.5)0.17%
Royal United Mortgage0.05%(3.5)0.17%
Carrington Mortgage Services0.05%(3.0)0.33%
Homestead Funding Corp0.06%(3.0)3.14%
Wells Fargo Bank0.06%(3.0)1.82%
Caliber Home Loans0.06%(3.0)0.50%
Guaranteed Rate0.06%(3.0)1.49%
NVR Mortgage Finance Inc0.08%(3.0)1.16%
Movement Mortgage0.09%(3.0)1.98%
Hunt Mortgage Corporation0.10%(3.0)11.57%
Quicken Loans0.12%(3.0)5.45%
Barrington Bank & Trust0.13%(3.0)3.80%
Flagstar Bank0.16%(2.5)2.48%
Lender NameRate DifferenceRate RatingMarket Share
Caliber Home Loans-0.07%(4.0)0.70%
Plaza Home Mortgage-0.07%(4.0)0.70%
Reliance First Capital-0.07%(4.0)2.79%
Home Point Financial Corporation-0.06%(4.0)1.05%
Flagstar Bank-0.06%(4.0)2.09%
Carrington Mortgage Services-0.06%(4.0)4.18%
M&T Bank-0.05%(4.0)1.39%
Barrington Bank & Trust-0.05%(4.0)1.39%
Five Star Bank-0.05%(3.5)0.35%
Movement Mortgage-0.05%(3.5)1.05%
Navy Federal Credit Union-0.04%(3.5)1.74%
Premium Mortgage Corporation-0.04%(3.5)1.39%
Freedom Mortgage Corporation-0.04%(3.5)2.09%
Hunt Mortgage Corporation-0.04%(3.5)0.70%
Guaranteed Rate-0.04%(3.5)0.35%
Mr. Cooper-0.03%(3.5)5.57%
Wells Fargo Bank-0.03%(3.5)0.35%
Homestead Funding Corp-0.03%(3.5)0.70%
Royal United Mortgage-0.00%(3.5)2.09%
Quicken Loans0.10%(3.0)48.08%

* Data is compiled for the Buffalo, NY commuting zone area, which comprises of counties of Allegany County, NY, Cattaraugus County, NY, Erie County, NY, Genesee County, NY, Niagara County, NY, and Wyoming County, NY. This includes cities/towns/communities of Buffalo, NY as well as Tonawanda, NY, Cheektowaga, NY, West Seneca, NY, North Tonawanda, NY, Niagara Falls, NY, Orchard Park, NY, Hamburg, NY, Eggertsville, NY, Wanakah, NY, Lockport, NY, Kenmore, NY, Williamsville, NY, Depew, NY, Sanborn, NY, Elma Center, NY, Harris Hill, NY, Grandyle Village, NY, Billington Heights, NY, Lancaster, NY, Rapids, NY, Batavia, NY, Lackawanna, NY, Town Line, NY, Clarence, NY, South Lockport, NY, East Aurora, NY, North Boston, NY, Akron, NY, Ransomville, NY, Clarence Center, NY, Angola on the Lake, NY, Le Roy, NY, Gasport, NY, Olean, NY, Ellicottville, NY, Eden, NY, Corfu, NY, Newfane, NY, Bergen, NY, Strykersville, NY, Oakfield, NY, North Collins, NY, Warsaw, NY, Lake Erie Beach, NY, Alexander, NY, West Valley, NY, Belfast, NY, Holland, NY, Springville, NY, and Youngstown, NY. 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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