Top Mortgage Lenders in Waco, TX

Which mortgage lender in the Waco, TX 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 Waco, 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 Waco, TX area in terms of interest rate is DHI Mortgage Company Limited, with an average “Rate Difference” of -0.20%. This means that, comparing similar borrowers, DHI Mortgage Company Limited provided a -0.20% lower interest rate for its customers than other lenders in the area. DHI Mortgage Company Limited has a market share of 4.7%. On the other hand, the most popular lender in the Waco, TX area is Fairway Independent Mortgage Corporation, with a larger market share of 16.7%. Fairway Independent Mortgage Corporation is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.01% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Waco, 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 Waco, TX is DHI Mortgage Company Limited. 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 JPMorgan Chase Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is DHI Mortgage Company Limited. The cheapest VA mortgage provider is also DHI Mortgage Company Limited. 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 Waco, TX

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.20%(4.5)4.69%
SWBC Mortgage-0.09%(4.0)15.01%
Wells Fargo Bank-0.06%(4.0)3.43%
Bank of America-0.05%(4.0)1.86%
JPMorgan Chase Bank-0.05%(4.0)3.03%
Members Choice of Central Texas FCU-0.04%(3.5)1.66%
Crescent Mortgage Company-0.03%(3.5)1.20%
Wallick & Volk-0.03%(3.5)10.49%
Trinity Oaks Mortgage-0.02%(3.5)1.83%
Gateway First Bank-0.01%(3.5)3.20%
Caliber Home Loans0.01%(3.5)1.30%
Cornerstone Home Lending0.01%(3.5)1.43%
Fairway Independent Mortgage Corporation0.01%(3.5)16.74%
Carrington Mortgage Services0.03%(3.5)1.03%
PennyMac Loan Services0.05%(3.0)1.10%
Hamilton Group Funding0.05%(3.0)2.36%
Affiliated Bank0.07%(3.0)4.09%
Extraco Banks0.08%(3.0)1.83%
Guild Mortgage Company0.10%(3.0)1.80%
Quicken Loans0.10%(3.0)8.46%
Sente Mortgage0.13%(3.0)2.46%
AmCap Home Loans0.15%(3.0)1.26%
Mr. Cooper0.27%(2.0)1.56%
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.20%(4.5)6.44%
Wells Fargo Bank-0.12%(4.0)2.69%
JPMorgan Chase Bank-0.09%(4.0)2.24%
SWBC Mortgage-0.06%(4.0)15.75%
Members Choice of Central Texas FCU-0.05%(4.0)0.91%
Bank of America-0.04%(3.5)1.46%
Crescent Mortgage Company-0.02%(3.5)1.32%
Wallick & Volk-0.02%(3.5)12.05%
Trinity Oaks Mortgage-0.02%(3.5)2.37%
Carrington Mortgage Services-0.01%(3.5)0.59%
Gateway First Bank-0.00%(3.5)3.06%
Caliber Home Loans0.01%(3.5)0.68%
PennyMac Loan Services0.01%(3.5)0.14%
Cornerstone Home Lending0.02%(3.5)1.60%
Fairway Independent Mortgage Corporation0.02%(3.5)21.19%
Quicken Loans0.07%(3.0)4.57%
Mr. Cooper0.08%(3.0)0.41%
Hamilton Group Funding0.08%(3.0)2.47%
Affiliated Bank0.11%(3.0)3.52%
Extraco Banks0.11%(3.0)1.74%
Guild Mortgage Company0.13%(3.0)2.01%
Sente Mortgage0.14%(3.0)3.29%
AmCap Home Loans0.16%(2.5)1.69%
Lender NameRate DifferenceRate RatingMarket Share
SWBC Mortgage-0.20%(4.5)13.02%
Bank of America-0.08%(4.0)2.95%
Crescent Mortgage Company-0.05%(4.0)0.86%
Hamilton Group Funding-0.05%(4.0)2.09%
Members Choice of Central Texas FCU-0.04%(3.5)3.69%
Wallick & Volk-0.04%(3.5)6.27%
Gateway First Bank-0.04%(3.5)3.56%
Guild Mortgage Company-0.03%(3.5)1.23%
Fairway Independent Mortgage Corporation-0.03%(3.5)4.79%
JPMorgan Chase Bank-0.02%(3.5)5.16%
AmCap Home Loans-0.01%(3.5)0.12%
Trinity Oaks Mortgage-0.01%(3.5)0.37%
Caliber Home Loans-0.01%(3.5)2.95%
Cornerstone Home Lending-0.01%(3.5)0.98%
Wells Fargo Bank0.01%(3.5)5.41%
Sente Mortgage0.01%(3.5)0.25%
Affiliated Bank0.01%(3.5)5.65%
Extraco Banks0.03%(3.5)2.09%
PennyMac Loan Services0.04%(3.5)3.69%
Carrington Mortgage Services0.04%(3.5)2.21%
Quicken Loans0.11%(3.0)18.92%
Mr. Cooper0.30%(2.0)4.67%
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.17%(4.5)2.88%
SWBC Mortgage-0.09%(4.0)17.33%
Fairway Independent Mortgage Corporation-0.08%(4.0)12.40%
Wells Fargo Bank-0.05%(4.0)4.83%
Bank of America-0.05%(3.5)2.49%
JPMorgan Chase Bank-0.04%(3.5)4.29%
Members Choice of Central Texas FCU-0.03%(3.5)2.44%
Crescent Mortgage Company-0.02%(3.5)1.51%
Trinity Oaks Mortgage-0.02%(3.5)1.85%
Wallick & Volk-0.02%(3.5)10.79%
Gateway First Bank-0.00%(3.5)2.88%
Cornerstone Home Lending0.01%(3.5)1.46%
Caliber Home Loans0.02%(3.5)0.98%
Hamilton Group Funding0.02%(3.5)1.71%
AmCap Home Loans0.05%(3.0)0.29%
Affiliated Bank0.07%(3.0)4.44%
Carrington Mortgage Services0.09%(3.0)0.54%
Extraco Banks0.10%(3.0)2.54%
PennyMac Loan Services0.10%(3.0)0.93%
Sente Mortgage0.10%(3.0)1.17%
Guild Mortgage Company0.13%(3.0)2.00%
Quicken Loans0.14%(3.0)10.69%
Mr. Cooper0.29%(2.0)2.20%
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.16%(4.5)4.48%
Wells Fargo Bank-0.11%(4.0)4.18%
Fairway Independent Mortgage Corporation-0.07%(4.0)16.70%
JPMorgan Chase Bank-0.07%(4.0)3.49%
SWBC Mortgage-0.04%(3.5)19.44%
Members Choice of Central Texas FCU-0.03%(3.5)1.52%
Bank of America-0.02%(3.5)2.13%
Crescent Mortgage Company-0.01%(3.5)1.82%
Wallick & Volk-0.00%(3.5)12.98%
Trinity Oaks Mortgage-0.00%(3.5)2.73%
Gateway First Bank0.02%(3.5)2.43%
Cornerstone Home Lending0.02%(3.5)1.90%
PennyMac Loan Services0.03%(3.5)0.15%
Caliber Home Loans0.04%(3.5)0.76%
Carrington Mortgage Services0.05%(3.5)0.15%
Hamilton Group Funding0.08%(3.0)1.52%
AmCap Home Loans0.08%(3.0)0.38%
Mr. Cooper0.10%(3.0)0.53%
Affiliated Bank0.12%(3.0)3.49%
Sente Mortgage0.12%(3.0)1.75%
Extraco Banks0.13%(3.0)2.66%
Quicken Loans0.14%(3.0)5.54%
Guild Mortgage Company0.18%(2.5)2.51%
Lender NameRate DifferenceRate RatingMarket Share
SWBC Mortgage-0.21%(4.5)13.52%
Bank of America-0.09%(4.0)3.14%
Hamilton Group Funding-0.06%(4.0)2.05%
Crescent Mortgage Company-0.05%(4.0)0.96%
Members Choice of Central Texas FCU-0.04%(3.5)4.10%
Gateway First Bank-0.04%(3.5)3.69%
Wallick & Volk-0.04%(3.5)6.83%
Guild Mortgage Company-0.03%(3.5)1.09%
Fairway Independent Mortgage Corporation-0.03%(3.5)4.64%
JPMorgan Chase Bank-0.02%(3.5)5.74%
Cornerstone Home Lending-0.02%(3.5)0.68%
Trinity Oaks Mortgage-0.02%(3.5)0.27%
Caliber Home Loans-0.01%(3.5)1.37%
AmCap Home Loans-0.01%(3.5)0.14%
Sente Mortgage0.01%(3.5)0.14%
Wells Fargo Bank0.01%(3.5)6.01%
Affiliated Bank0.01%(3.5)6.15%
Extraco Banks0.03%(3.5)2.32%
Carrington Mortgage Services0.07%(3.0)1.23%
PennyMac Loan Services0.08%(3.0)2.32%
Quicken Loans0.12%(3.0)19.95%
Mr. Cooper0.30%(2.0)5.19%
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.26%(5.0)8.52%
Wallick & Volk-0.11%(4.0)11.31%
Quicken Loans-0.10%(4.0)4.75%
Crescent Mortgage Company-0.07%(4.0)0.66%
Carrington Mortgage Services-0.07%(4.0)1.80%
Bank of America-0.05%(3.5)0.33%
Caliber Home Loans-0.04%(3.5)1.48%
Trinity Oaks Mortgage-0.03%(3.5)1.15%
SWBC Mortgage-0.03%(3.5)9.02%
PennyMac Loan Services-0.02%(3.5)0.33%
Extraco Banks-0.02%(3.5)0.16%
Guild Mortgage Company-0.02%(3.5)1.15%
Cornerstone Home Lending0.02%(3.5)1.48%
Fairway Independent Mortgage Corporation0.06%(3.0)30.49%
Gateway First Bank0.07%(3.0)2.62%
Hamilton Group Funding0.08%(3.0)4.26%
Affiliated Bank0.09%(3.0)4.43%
Sente Mortgage0.12%(3.0)6.23%
AmCap Home Loans0.14%(3.0)4.59%
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.27%(5.0)8.93%
Quicken Loans-0.12%(4.0)3.61%
Wallick & Volk-0.11%(4.0)11.68%
Carrington Mortgage Services-0.09%(4.0)1.37%
Crescent Mortgage Company-0.07%(4.0)0.69%
Caliber Home Loans-0.06%(4.0)0.86%
Bank of America-0.05%(3.5)0.34%
PennyMac Loan Services-0.03%(3.5)0.17%
Trinity Oaks Mortgage-0.03%(3.5)1.20%
SWBC Mortgage-0.03%(3.5)9.11%
Extraco Banks-0.03%(3.5)0.17%
Guild Mortgage Company-0.02%(3.5)1.03%
Cornerstone Home Lending0.02%(3.5)1.20%
Fairway Independent Mortgage Corporation0.05%(3.0)31.79%
Gateway First Bank0.07%(3.0)2.75%
Hamilton Group Funding0.08%(3.0)4.30%
Affiliated Bank0.09%(3.0)4.64%
Sente Mortgage0.12%(3.0)6.36%
AmCap Home Loans0.14%(3.0)4.81%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.03%(3.5)28.57%
Caliber Home Loans-0.00%(3.5)14.29%
Guild Mortgage Company0.00%(3.5)3.57%
PennyMac Loan Services0.00%(3.5)3.57%
Hamilton Group Funding0.01%(3.5)3.57%
Carrington Mortgage Services0.01%(3.5)10.71%
Wallick & Volk0.01%(3.5)3.57%
Sente Mortgage0.02%(3.5)3.57%
Cornerstone Home Lending0.02%(3.5)7.14%
SWBC Mortgage0.03%(3.5)7.14%
Fairway Independent Mortgage Corporation0.04%(3.5)3.57%
Lender NameRate DifferenceRate RatingMarket Share
JPMorgan Chase Bank-0.01%(3.5)22.22%
Bank of America0.00%(3.5)22.22%
Cornerstone Home Lending0.00%(3.5)11.11%
SWBC Mortgage0.00%(3.5)22.22%
Fairway Independent Mortgage Corporation0.00%(3.5)11.11%
Lender NameRate DifferenceRate RatingMarket Share
JPMorgan Chase Bank-0.01%(3.5)28.57%
Cornerstone Home Lending0.00%(3.5)14.29%
Bank of America0.00%(3.5)14.29%
Fairway Independent Mortgage Corporation0.00%(3.5)14.29%
SWBC Mortgage0.00%(3.5)14.29%
Lender NameRate DifferenceRate RatingMarket Share
SWBC Mortgage-0.00%(3.5)50.00%
Bank of America0.00%(3.5)50.00%
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.20%(4.5)8.93%
SWBC Mortgage-0.17%(4.5)11.61%
Gateway First Bank-0.11%(4.0)6.25%
Wells Fargo Bank-0.04%(3.5)1.19%
Trinity Oaks Mortgage-0.03%(3.5)2.98%
Affiliated Bank-0.02%(3.5)1.49%
PennyMac Loan Services-0.01%(3.5)3.57%
Cornerstone Home Lending-0.00%(3.5)0.89%
Caliber Home Loans0.00%(3.5)2.98%
Extraco Banks0.01%(3.5)0.60%
Guild Mortgage Company0.01%(3.5)1.79%
JPMorgan Chase Bank0.01%(3.5)0.30%
Quicken Loans0.02%(3.5)1.79%
Crescent Mortgage Company0.02%(3.5)0.30%
Bank of America0.02%(3.5)0.30%
Hamilton Group Funding0.03%(3.5)2.98%
Carrington Mortgage Services0.05%(3.5)2.68%
Mr. Cooper0.05%(3.5)0.60%
Wallick & Volk0.09%(3.0)7.44%
AmCap Home Loans0.11%(3.0)1.19%
Sente Mortgage0.14%(3.0)3.57%
Fairway Independent Mortgage Corporation0.18%(2.5)18.45%
Lender NameRate DifferenceRate RatingMarket Share
DHI Mortgage Company Limited-0.20%(4.5)10.56%
SWBC Mortgage-0.19%(4.5)12.32%
Gateway First Bank-0.12%(4.0)6.69%
Wells Fargo Bank-0.03%(3.5)1.41%
Trinity Oaks Mortgage-0.03%(3.5)3.17%
Affiliated Bank-0.03%(3.5)1.41%
Cornerstone Home Lending-0.01%(3.5)0.70%
Extraco Banks0.01%(3.5)0.70%
Guild Mortgage Company0.01%(3.5)1.76%
JPMorgan Chase Bank0.02%(3.5)0.35%
Quicken Loans0.02%(3.5)2.11%
Crescent Mortgage Company0.02%(3.5)0.35%
Bank of America0.02%(3.5)0.35%
Hamilton Group Funding0.04%(3.5)3.17%
Mr. Cooper0.05%(3.0)0.70%
Carrington Mortgage Services0.08%(3.0)1.06%
Wallick & Volk0.09%(3.0)8.80%
AmCap Home Loans0.11%(3.0)1.41%
Sente Mortgage0.14%(3.0)4.23%
Fairway Independent Mortgage Corporation0.19%(2.5)20.42%
Lender NameRate DifferenceRate RatingMarket Share
PennyMac Loan Services-0.02%(3.5)23.08%
Gateway First Bank-0.01%(3.5)3.85%
Caliber Home Loans-0.01%(3.5)19.23%
Hamilton Group Funding-0.00%(3.5)1.92%
Trinity Oaks Mortgage0.00%(3.5)1.92%
Guild Mortgage Company0.00%(3.5)1.92%
Cornerstone Home Lending0.00%(3.5)1.92%
Affiliated Bank0.01%(3.5)1.92%
Fairway Independent Mortgage Corporation0.02%(3.5)7.69%
SWBC Mortgage0.02%(3.5)7.69%
Carrington Mortgage Services0.02%(3.5)11.54%

* Data is compiled for the Waco, TX commuting zone area, which comprises of counties of Bosque County, TX, Falls County, TX, Hill County, TX, and McLennan County, TX. This includes cities/towns/communities of Waco, TX as well as Hewitt, TX, Robinson, TX, Woodway, TX, McGregor, TX, Lorena, TX, Bellmead, TX, China Spring, TX, Whitney, TX, Hillsboro, TX, Bruceville-Eddy, TX, Crawford, TX, Ross, TX, Blum, TX, Clifton, TX, Itasca, TX, Gholson, TX, Walnut Springs, TX, Leroy, TX, Lacy-Lakeview, TX, Hubbard, TX, Marlin, TX, Meridian, TX, West, TX, Riesel, TX, Valley Mills, TX, Mart, TX, Chilton, TX, Laguna Park, TX, Lott, TX, Abbott, TX, and Rosebud, 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

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