Which mortgage lender in the Lubbock, TX 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 Lubbock, TX 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 Lubbock, TX area in terms of interest rate is Prosperity Bank, with an average “Rate Difference” of -0.19%. This means that, comparing similar borrowers, Prosperity Bank provided a -0.19% lower interest rate for its customers than other lenders in the area. Prosperity Bank has a market share of 3.5%. On the other hand, the most popular lender in the Lubbock, TX area is Texas Tech Credit Union, with a larger market share of 17.9%. Texas Tech Credit Union is also a relatively cheap lender, with a “Rate Difference” of -0.12% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Lubbock, TX 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 Lubbock, TX is Amarillo National Bank. 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 Southwest Bank. The cheapest VA mortgage provider is City Bank. 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 Lubbock, TX
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Prosperity Bank | -0.19% | 3.55% | |
| Amarillo National Bank | -0.19% | 2.96% | |
| Texas Tech Credit Union | -0.12% | 17.89% | |
| Southwest Bank | -0.12% | 2.59% | |
| City Bank | -0.08% | 10.17% | |
| JPMorgan Chase Bank | -0.07% | 1.56% | |
| Freedom Mortgage Corporation | -0.05% | 0.72% | |
| Happy State Bank And Trust | -0.02% | 1.47% | |
| Infinity Mortgage Holdings | -0.01% | 1.00% | |
| AimBank | -0.00% | 2.15% | |
| Wells Fargo Bank | 0.01% | 2.96% | |
| First United Bank TX | 0.01% | 2.57% | |
| USAA | 0.01% | 1.31% | |
| Benchmark | 0.03% | 9.59% | |
| HomeTrust Mortgage Company | 0.03% | 2.45% | |
| SunTrust Bank | 0.04% | 0.79% | |
| Willow Bend Mortgage | 0.06% | 0.82% | |
| Quicken Loans | 0.07% | 5.30% | |
| US Mortgage of Florida | 0.07% | 1.19% | |
| Primewest Mortgage | 0.07% | 17.73% | |
| Fairway Independent Mortgage Corporation | 0.08% | 1.00% | |
| Alliance Credit Union | 0.16% | 3.29% | |
| PrimeLending | 0.16% | 2.03% | |
| Cardinal Financial Company | 0.33% | 4.92% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Amarillo National Bank | -0.21% | 2.75% | |
| Prosperity Bank | -0.21% | 3.85% | |
| Southwest Bank | -0.13% | 2.98% | |
| Texas Tech Credit Union | -0.13% | 18.11% | |
| JPMorgan Chase Bank | -0.10% | 1.15% | |
| City Bank | -0.09% | 9.99% | |
| Freedom Mortgage Corporation | -0.06% | 0.75% | |
| Wells Fargo Bank | -0.06% | 2.38% | |
| Happy State Bank And Trust | -0.03% | 1.72% | |
| Infinity Mortgage Holdings | -0.01% | 0.86% | |
| AimBank | -0.01% | 2.01% | |
| USAA | 0.02% | 1.43% | |
| First United Bank TX | 0.02% | 2.81% | |
| Benchmark | 0.03% | 10.59% | |
| HomeTrust Mortgage Company | 0.03% | 2.75% | |
| SunTrust Bank | 0.04% | 0.77% | |
| Willow Bend Mortgage | 0.06% | 0.80% | |
| Quicken Loans | 0.07% | 3.36% | |
| US Mortgage of Florida | 0.08% | 1.18% | |
| Fairway Independent Mortgage Corporation | 0.09% | 1.15% | |
| Primewest Mortgage | 0.09% | 18.51% | |
| Alliance Credit Union | 0.12% | 2.55% | |
| PrimeLending | 0.18% | 1.95% | |
| Cardinal Financial Company | 0.36% | 5.60% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Amarillo National Bank | -0.14% | 3.87% | |
| Texas Tech Credit Union | -0.11% | 16.96% | |
| Prosperity Bank | -0.08% | 2.24% | |
| City Bank | -0.06% | 10.97% | |
| First United Bank TX | -0.04% | 1.50% | |
| Primewest Mortgage | -0.03% | 14.34% | |
| JPMorgan Chase Bank | -0.03% | 3.37% | |
| HomeTrust Mortgage Company | -0.01% | 1.12% | |
| USAA | -0.00% | 0.75% | |
| Infinity Mortgage Holdings | 0.00% | 1.62% | |
| Happy State Bank And Trust | 0.01% | 0.37% | |
| Benchmark | 0.02% | 5.24% | |
| US Mortgage of Florida | 0.02% | 1.25% | |
| AimBank | 0.02% | 2.74% | |
| Cardinal Financial Company | 0.02% | 2.00% | |
| Fairway Independent Mortgage Corporation | 0.02% | 0.37% | |
| SunTrust Bank | 0.03% | 0.87% | |
| Willow Bend Mortgage | 0.03% | 0.87% | |
| Southwest Bank | 0.03% | 0.87% | |
| Freedom Mortgage Corporation | 0.04% | 0.62% | |
| Quicken Loans | 0.08% | 13.72% | |
| PrimeLending | 0.11% | 2.37% | |
| Wells Fargo Bank | 0.12% | 5.49% | |
| Alliance Credit Union | 0.24% | 6.48% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Amarillo National Bank | -0.21% | 3.06% | |
| Prosperity Bank | -0.20% | 4.61% | |
| Texas Tech Credit Union | -0.12% | 20.20% | |
| JPMorgan Chase Bank | -0.08% | 1.95% | |
| City Bank | -0.05% | 11.01% | |
| Infinity Mortgage Holdings | -0.00% | 0.91% | |
| Happy State Bank And Trust | 0.00% | 1.38% | |
| Benchmark | 0.01% | 7.34% | |
| Southwest Bank | 0.01% | 1.21% | |
| Wells Fargo Bank | 0.01% | 4.11% | |
| AimBank | 0.02% | 2.22% | |
| First United Bank TX | 0.02% | 2.53% | |
| Freedom Mortgage Corporation | 0.03% | 0.24% | |
| USAA | 0.03% | 0.61% | |
| HomeTrust Mortgage Company | 0.04% | 2.79% | |
| SunTrust Bank | 0.05% | 1.14% | |
| Fairway Independent Mortgage Corporation | 0.05% | 0.74% | |
| Primewest Mortgage | 0.08% | 16.20% | |
| Willow Bend Mortgage | 0.08% | 0.67% | |
| Quicken Loans | 0.10% | 6.09% | |
| US Mortgage of Florida | 0.13% | 1.01% | |
| Alliance Credit Union | 0.17% | 4.61% | |
| PrimeLending | 0.19% | 2.22% | |
| Cardinal Financial Company | 0.27% | 3.13% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Amarillo National Bank | -0.24% | 2.79% | |
| Prosperity Bank | -0.22% | 5.40% | |
| Texas Tech Credit Union | -0.12% | 20.96% | |
| JPMorgan Chase Bank | -0.10% | 1.66% | |
| Wells Fargo Bank | -0.05% | 3.51% | |
| City Bank | -0.05% | 10.84% | |
| Infinity Mortgage Holdings | -0.01% | 0.67% | |
| Happy State Bank And Trust | 0.00% | 1.71% | |
| Southwest Bank | 0.01% | 1.35% | |
| Benchmark | 0.01% | 8.46% | |
| AimBank | 0.01% | 2.07% | |
| Freedom Mortgage Corporation | 0.02% | 0.18% | |
| First United Bank TX | 0.03% | 2.83% | |
| HomeTrust Mortgage Company | 0.04% | 3.37% | |
| USAA | 0.04% | 0.67% | |
| SunTrust Bank | 0.05% | 1.21% | |
| Fairway Independent Mortgage Corporation | 0.06% | 0.90% | |
| Willow Bend Mortgage | 0.10% | 0.63% | |
| Primewest Mortgage | 0.12% | 16.64% | |
| Quicken Loans | 0.13% | 3.37% | |
| Alliance Credit Union | 0.13% | 3.82% | |
| US Mortgage of Florida | 0.17% | 0.99% | |
| PrimeLending | 0.20% | 2.29% | |
| Cardinal Financial Company | 0.30% | 3.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Amarillo National Bank | -0.15% | 3.88% | |
| Texas Tech Credit Union | -0.11% | 17.94% | |
| Prosperity Bank | -0.08% | 2.28% | |
| City Bank | -0.06% | 11.51% | |
| JPMorgan Chase Bank | -0.05% | 2.81% | |
| First United Bank TX | -0.04% | 1.61% | |
| Primewest Mortgage | -0.03% | 14.86% | |
| HomeTrust Mortgage Company | -0.02% | 1.07% | |
| USAA | -0.01% | 0.40% | |
| Infinity Mortgage Holdings | 0.00% | 1.61% | |
| Happy State Bank And Trust | 0.01% | 0.40% | |
| Cardinal Financial Company | 0.02% | 1.61% | |
| US Mortgage of Florida | 0.02% | 1.07% | |
| Benchmark | 0.02% | 4.02% | |
| AimBank | 0.03% | 2.68% | |
| SunTrust Bank | 0.03% | 0.94% | |
| Fairway Independent Mortgage Corporation | 0.03% | 0.27% | |
| Willow Bend Mortgage | 0.03% | 0.80% | |
| Freedom Mortgage Corporation | 0.04% | 0.40% | |
| Southwest Bank | 0.04% | 0.80% | |
| Quicken Loans | 0.08% | 14.19% | |
| Wells Fargo Bank | 0.12% | 5.89% | |
| PrimeLending | 0.14% | 2.01% | |
| Alliance Credit Union | 0.24% | 6.96% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Bank | -0.22% | 6.51% | |
| City Bank | -0.19% | 8.88% | |
| Texas Tech Credit Union | -0.18% | 12.52% | |
| Amarillo National Bank | -0.17% | 2.86% | |
| Prosperity Bank | -0.10% | 1.08% | |
| Freedom Mortgage Corporation | -0.10% | 1.48% | |
| Happy State Bank And Trust | -0.09% | 1.58% | |
| AimBank | -0.07% | 1.97% | |
| Quicken Loans | -0.04% | 3.85% | |
| Infinity Mortgage Holdings | -0.02% | 1.28% | |
| US Mortgage of Florida | -0.02% | 1.78% | |
| First United Bank TX | 0.00% | 3.16% | |
| Willow Bend Mortgage | 0.02% | 1.38% | |
| JPMorgan Chase Bank | 0.02% | 0.10% | |
| Benchmark | 0.03% | 11.64% | |
| HomeTrust Mortgage Company | 0.03% | 1.58% | |
| Primewest Mortgage | 0.06% | 24.36% | |
| PrimeLending | 0.11% | 1.68% | |
| Fairway Independent Mortgage Corporation | 0.14% | 1.68% | |
| Cardinal Financial Company | 0.41% | 10.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Southwest Bank | -0.22% | 6.62% | |
| City Bank | -0.19% | 8.93% | |
| Amarillo National Bank | -0.19% | 2.71% | |
| Texas Tech Credit Union | -0.18% | 12.74% | |
| Prosperity Bank | -0.10% | 1.10% | |
| Freedom Mortgage Corporation | -0.10% | 1.50% | |
| Happy State Bank And Trust | -0.09% | 1.60% | |
| AimBank | -0.07% | 1.91% | |
| Quicken Loans | -0.05% | 3.51% | |
| Infinity Mortgage Holdings | -0.02% | 1.30% | |
| US Mortgage of Florida | -0.02% | 1.71% | |
| First United Bank TX | 0.00% | 3.21% | |
| JPMorgan Chase Bank | 0.02% | 0.10% | |
| Willow Bend Mortgage | 0.02% | 1.30% | |
| Benchmark | 0.03% | 11.53% | |
| HomeTrust Mortgage Company | 0.03% | 1.60% | |
| Primewest Mortgage | 0.06% | 24.57% | |
| PrimeLending | 0.11% | 1.71% | |
| Fairway Independent Mortgage Corporation | 0.15% | 1.60% | |
| Cardinal Financial Company | 0.41% | 10.73% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Mortgage of Florida | -0.01% | 5.88% | |
| Willow Bend Mortgage | -0.01% | 5.88% | |
| Amarillo National Bank | -0.01% | 11.76% | |
| AimBank | -0.01% | 5.88% | |
| Primewest Mortgage | -0.01% | 11.76% | |
| Cardinal Financial Company | -0.00% | 5.88% | |
| Quicken Loans | 0.00% | 23.53% | |
| Fairway Independent Mortgage Corporation | 0.00% | 5.88% | |
| Benchmark | 0.01% | 17.65% | |
| City Bank | 0.02% | 5.88% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 3.45% | |
| PrimeLending | -0.03% | 6.90% | |
| HomeTrust Mortgage Company | -0.02% | 6.90% | |
| Prosperity Bank | -0.02% | 3.45% | |
| Infinity Mortgage Holdings | -0.02% | 3.45% | |
| Happy State Bank And Trust | -0.01% | 10.34% | |
| Benchmark | -0.01% | 6.90% | |
| AimBank | -0.01% | 6.90% | |
| City Bank | -0.01% | 3.45% | |
| JPMorgan Chase Bank | -0.00% | 24.14% | |
| Texas Tech Credit Union | 0.04% | 24.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| JPMorgan Chase Bank | -0.04% | 6.67% | |
| Wells Fargo Bank | -0.03% | 6.67% | |
| HomeTrust Mortgage Company | -0.03% | 13.33% | |
| Benchmark | -0.02% | 6.67% | |
| Happy State Bank And Trust | -0.02% | 20.00% | |
| AimBank | -0.02% | 6.67% | |
| Texas Tech Credit Union | 0.04% | 40.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PrimeLending | -0.02% | 14.29% | |
| Prosperity Bank | -0.01% | 7.14% | |
| Infinity Mortgage Holdings | -0.01% | 7.14% | |
| AimBank | -0.00% | 7.14% | |
| Texas Tech Credit Union | -0.00% | 7.14% | |
| Benchmark | -0.00% | 7.14% | |
| City Bank | 0.00% | 7.14% | |
| JPMorgan Chase Bank | 0.01% | 42.86% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| City Bank | -0.06% | 6.57% | |
| Freedom Mortgage Corporation | -0.06% | 3.28% | |
| Wells Fargo Bank | -0.06% | 1.46% | |
| Texas Tech Credit Union | -0.05% | 12.04% | |
| Amarillo National Bank | -0.05% | 2.55% | |
| Prosperity Bank | -0.04% | 1.09% | |
| Alliance Credit Union | -0.03% | 1.46% | |
| Fairway Independent Mortgage Corporation | -0.03% | 1.46% | |
| AimBank | -0.03% | 1.46% | |
| Southwest Bank | -0.03% | 3.28% | |
| Happy State Bank And Trust | -0.03% | 1.09% | |
| PrimeLending | -0.02% | 0.73% | |
| USAA | -0.02% | 13.87% | |
| JPMorgan Chase Bank | -0.01% | 0.36% | |
| Willow Bend Mortgage | -0.01% | 0.36% | |
| Quicken Loans | -0.01% | 2.55% | |
| US Mortgage of Florida | -0.01% | 1.09% | |
| Infinity Mortgage Holdings | -0.00% | 0.73% | |
| First United Bank TX | -0.00% | 1.09% | |
| HomeTrust Mortgage Company | 0.01% | 1.46% | |
| Primewest Mortgage | 0.04% | 11.68% | |
| Benchmark | 0.05% | 26.64% | |
| Cardinal Financial Company | 0.06% | 3.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Freedom Mortgage Corporation | -0.08% | 2.80% | |
| City Bank | -0.06% | 7.20% | |
| Wells Fargo Bank | -0.06% | 1.60% | |
| Texas Tech Credit Union | -0.06% | 12.80% | |
| Amarillo National Bank | -0.05% | 2.80% | |
| Prosperity Bank | -0.04% | 1.20% | |
| Alliance Credit Union | -0.03% | 1.60% | |
| Fairway Independent Mortgage Corporation | -0.03% | 1.60% | |
| AimBank | -0.03% | 1.60% | |
| Southwest Bank | -0.03% | 3.20% | |
| Happy State Bank And Trust | -0.03% | 1.20% | |
| USAA | -0.02% | 14.00% | |
| JPMorgan Chase Bank | -0.01% | 0.40% | |
| Willow Bend Mortgage | -0.01% | 0.40% | |
| Quicken Loans | -0.01% | 2.80% | |
| Infinity Mortgage Holdings | -0.01% | 0.80% | |
| US Mortgage of Florida | -0.01% | 0.80% | |
| First United Bank TX | -0.01% | 1.20% | |
| HomeTrust Mortgage Company | 0.01% | 1.20% | |
| Primewest Mortgage | 0.04% | 12.00% | |
| Benchmark | 0.06% | 26.00% | |
| Cardinal Financial Company | 0.09% | 2.80% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Benchmark | -0.01% | 33.33% | |
| USAA | -0.01% | 12.50% | |
| Southwest Bank | -0.01% | 4.17% | |
| PrimeLending | -0.01% | 8.33% | |
| Texas Tech Credit Union | -0.00% | 4.17% | |
| US Mortgage of Florida | 0.00% | 4.17% | |
| HomeTrust Mortgage Company | 0.01% | 4.17% | |
| Primewest Mortgage | 0.02% | 8.33% | |
| Cardinal Financial Company | 0.02% | 12.50% | |
| Freedom Mortgage Corporation | 0.02% | 8.33% |
* Data is compiled for the Lubbock, TX commuting zone area, which comprises of counties of Cochran County, TX, Crosby County, TX, Garza County, TX, Hockley County, TX, Lubbock County, TX, Lynn County, TX, and Terry County, TX. This includes cities/towns/communities of Lubbock, TX as well as Levelland, TX, Shallowater, TX, Ransom Canyon, TX, Brownfield, TX, Wilson, TX, Idalou, TX, Wolfforth, TX, Slaton, TX, Smyer, TX, Post, TX, Tahoka, TX, Sundown, TX, Ropesville, TX, Ralls, TX, Crosbyton, TX, Meadow, TX, Morton, TX, Lorenzo, TX, ODonnell, TX, and Anton, TX. 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 Lubbock, TX area. For mortgage lender rankings in other cities, click here.