Which mortgage lender in the Albuquerque, NM 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 Albuquerque, NM 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 Albuquerque, NM area in terms of interest rate is Sirva Mortgage, with an average “Rate Difference” of -0.20%. This means that, comparing similar borrowers, Sirva Mortgage provided a -0.20% lower interest rate for its customers than other lenders in the area. Sirva Mortgage has a market share of 0.5%. On the other hand, the most popular lender in the Albuquerque, NM area is Waterstone Mortgage Corporation, with a larger market share of 11.3%. Waterstone Mortgage Corporation is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.05% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Albuquerque, NM 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 Albuquerque, NM is Universal Lending Corporation. 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 Bank of America. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Nusenda Credit Union. 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 Albuquerque, NM
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of America | -0.09% | 13.04% | |
| Bank in San Ramon | -0.04% | 3.48% | |
| US Bank | -0.03% | 7.83% | |
| Sirva Mortgage | -0.02% | 2.61% | |
| Wells Fargo Bank | -0.01% | 11.30% | |
| BBVA | -0.01% | 6.96% | |
| Bell Bank | 0.00% | 4.35% | |
| Quicken Loans | 0.00% | 5.22% | |
| NBKC Bank | 0.00% | 0.87% | |
| American Pacific Mortgage | 0.01% | 0.87% | |
| Guild Mortgage Company | 0.01% | 0.87% | |
| Navy Federal Credit Union | 0.01% | 1.74% | |
| Cardinal Financial Company | 0.01% | 1.74% | |
| BOK Financial | 0.01% | 2.61% | |
| Pulte Mortgage LLC | 0.02% | 0.87% | |
| HomeTrust Mortgage Company | 0.02% | 1.74% | |
| Primary Residential Mortgage Inc | 0.02% | 1.74% | |
| Sunflower Bank | 0.02% | 0.87% | |
| Nusenda Credit Union | 0.02% | 0.87% | |
| HomeBridge Financial Services | 0.02% | 0.87% | |
| Academy Mortgage Corporation Utah | 0.02% | 1.74% | |
| Guaranteed Rate | 0.03% | 0.87% | |
| JPMorgan Chase Bank | 0.03% | 7.83% | |
| Southwest Funding | 0.03% | 0.87% | |
| First Financial CU NM | 0.03% | 0.87% | |
| Caliber Home Loans | 0.03% | 1.74% | |
| Waterstone Mortgage Corporation | 0.04% | 6.09% | |
| loanDepot | 0.06% | 1.74% | |
| Legacy Mortgage | 0.09% | 7.83% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| BBVA | -0.02% | 3.70% | |
| US Bank | -0.01% | 11.11% | |
| Quicken Loans | -0.01% | 5.56% | |
| loanDepot | -0.01% | 1.85% | |
| Wells Fargo Bank | -0.01% | 11.11% | |
| Primary Residential Mortgage Inc | -0.01% | 1.85% | |
| CMG Financial | -0.01% | 1.85% | |
| Bank of America | -0.00% | 7.41% | |
| Flagstar Bank | -0.00% | 1.85% | |
| OneTrust Home Loans | 0.00% | 1.85% | |
| Mountain America Credit Union | 0.00% | 1.85% | |
| Finance of America Mortgage | 0.00% | 5.56% | |
| Bank in San Ramon | 0.00% | 9.26% | |
| BOK Financial | 0.01% | 3.70% | |
| Legacy Mortgage | 0.01% | 1.85% | |
| Stearns Home Loans | 0.01% | 1.85% | |
| Sunflower Bank | 0.01% | 1.85% | |
| JPMorgan Chase Bank | 0.01% | 18.52% | |
| Cardinal Financial Company | 0.01% | 3.70% | |
| Waterstone Mortgage Corporation | 0.01% | 1.85% | |
| HomeBridge Financial Services | 0.03% | 1.85% |
* Data is compiled for the Albuquerque, NM commuting zone area, which comprises of counties of Bernalillo County, NM, Sandoval County, NM, Socorro County, NM, Torrance County, NM, and Valencia County, NM. This includes cities/towns/communities of Albuquerque, NM as well as Rio Rancho, NM, South Valley, NM, Los Lunas, NM, Corrales, NM, Placitas, NM, North Valley, NM, San Antonito, NM, Los Ranchos de Albuquerque, NM, El Cerro Mission, NM, Rio Communities, NM, Ponderosa Pine, NM, Sedillo, NM, Belen, NM, Las Maravillas, NM, Sandia Knolls, NM, El Cerro, NM, Sandia Heights, NM, Peralta, NM, Los Chaves, NM, Bernalillo, NM, Bosque Farms, NM, Socorro, NM, Indian Hills, NM, Zia Pueblo, NM, Estancia, NM, Pajarito Mesa, NM, Carnuel, NM, Lemitar, NM, Moriarty, NM, Madrone, NM, San Felipe Pueblo, NM, Highland Meadows, NM, Cochiti Lake, NM, Jarales, NM, Meadow Lake, NM, Mountainair, NM, Magdalena, NM, Cuba, NM, Santo Domingo Pueblo, NM, Isleta Village Proper, NM, and Torreon, NM. 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 Albuquerque, NM area. For mortgage lender rankings in other cities, click here.