Which mortgage lender in the El Paso, 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 El Paso, 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 El Paso, TX area in terms of interest rate is Security Service Federal Credit Union, with an average “Rate Difference” of -0.30%. This means that, comparing similar borrowers, Security Service Federal Credit Union provided a -0.30% lower interest rate for its customers than other lenders in the area. Security Service Federal Credit Union has a market share of 0.8%. On the other hand, the most popular lender in the El Paso, TX area is GECU of El Paso, with a larger market share of 15.5%. GECU of El Paso is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.00% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the El Paso, 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, FirstLight Federal Credit Union is the cheapest mortgage provider for Conventional and Jumbo mortgages in El Paso, TX. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Cadence Lending Group. 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 El Paso, TX
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Carrington Mortgage Services | -0.04% | 12.27% | |
| Village Capital | -0.04% | 10.00% | |
| Caliber Home Loans | -0.02% | 6.82% | |
| New American Funding | -0.02% | 17.27% | |
| First American Bank New Mexico | -0.01% | 1.82% | |
| Quicken Loans | -0.01% | 20.00% | |
| PennyMac Loan Services | -0.00% | 3.64% | |
| Gateway First Bank | 0.03% | 0.45% | |
| Plaza Home Mortgage | 0.03% | 0.45% | |
| Cardinal Financial Company | 0.03% | 1.36% | |
| Sunflower Bank | 0.03% | 0.45% | |
| Commerce Home Mortgage | 0.03% | 2.73% | |
| Guaranteed Rate | 0.04% | 0.45% | |
| First National Bank Texas | 0.04% | 0.45% | |
| Royal United Mortgage | 0.04% | 0.45% | |
| loanDepot | 0.04% | 3.18% | |
| Supreme Lending | 0.04% | 0.45% | |
| Castle & Cooke Mortgage | 0.04% | 1.82% | |
| Legacy Mutual Mortgage | 0.05% | 0.45% | |
| Freedom Mortgage Corporation | 0.05% | 1.82% | |
| Amerisave Mortgage Corporation | 0.05% | 1.82% | |
| Town Square Mortgage | 0.05% | 0.45% | |
| Fairway Independent Mortgage Corporation | 0.05% | 1.82% | |
| Academy Mortgage Corporation Utah | 0.05% | 0.45% | |
| Waterstone Mortgage Corporation | 0.06% | 0.91% | |
| CMG Financial | 0.06% | 0.91% | |
| BBVA | 0.07% | 0.91% | |
| LendUS LLC | 0.07% | 0.45% | |
| Mr. Cooper | 0.09% | 2.27% | |
| SecurityNational Mortgage Company | 0.10% | 3.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FirstLight Federal Credit Union | -0.02% | 16.67% | |
| BBVA | -0.01% | 6.67% | |
| Wells Fargo Bank | -0.01% | 10.00% | |
| GECU of El Paso | -0.00% | 16.67% | |
| JPMorgan Chase Bank | -0.00% | 3.33% | |
| evolve Federal Credit Union | -0.00% | 3.33% | |
| Quicken Loans | -0.00% | 3.33% | |
| Bank 34 | 0.00% | 3.33% | |
| Bank of America | 0.00% | 3.33% | |
| First American Bank New Mexico | 0.00% | 3.33% | |
| City Bank | 0.01% | 6.67% | |
| Citizens Bank of Las Cruces | 0.01% | 10.00% | |
| Sunflower Bank | 0.02% | 3.33% | |
| SecurityNational Mortgage Company | 0.02% | 3.33% | |
| Town Square Mortgage | 0.03% | 3.33% | |
| Caliber Home Loans | 0.03% | 3.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 16.67% | |
| BBVA | -0.00% | 5.56% | |
| GECU of El Paso | -0.00% | 11.11% | |
| JPMorgan Chase Bank | -0.00% | 5.56% | |
| evolve Federal Credit Union | -0.00% | 5.56% | |
| Citizens Bank of Las Cruces | -0.00% | 11.11% | |
| Quicken Loans | -0.00% | 5.56% | |
| Bank 34 | -0.00% | 5.56% | |
| Bank of America | 0.00% | 5.56% | |
| First American Bank New Mexico | 0.00% | 5.56% | |
| City Bank | 0.01% | 11.11% | |
| FirstLight Federal Credit Union | 0.01% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FirstLight Federal Credit Union | -0.04% | 25.00% | |
| BBVA | -0.02% | 8.33% | |
| GECU of El Paso | -0.00% | 25.00% | |
| Sunflower Bank | 0.02% | 8.33% | |
| SecurityNational Mortgage Company | 0.02% | 8.33% | |
| Citizens Bank of Las Cruces | 0.03% | 8.33% | |
| Town Square Mortgage | 0.03% | 8.33% | |
| Caliber Home Loans | 0.03% | 8.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Village Capital | -0.08% | 7.07% | |
| Caliber Home Loans | -0.07% | 5.39% | |
| loanDepot | -0.06% | 10.10% | |
| USAA | -0.06% | 8.42% | |
| PennyMac Loan Services | -0.05% | 9.76% | |
| Flagstar Bank | -0.04% | 3.37% | |
| Plaza Home Mortgage | -0.04% | 1.01% | |
| Mid America Mortgage | -0.04% | 2.36% | |
| Guaranteed Rate | -0.03% | 2.36% | |
| Navy Federal Credit Union | -0.03% | 2.69% | |
| Gateway First Bank | -0.03% | 3.37% | |
| Commerce Home Mortgage | -0.02% | 0.34% | |
| Movement Mortgage | -0.01% | 0.67% | |
| Fairway Independent Mortgage Corporation | -0.01% | 1.68% | |
| New American Funding | -0.01% | 10.77% | |
| Certainty Home Loans | -0.00% | 0.34% | |
| Royal United Mortgage | 0.01% | 0.34% | |
| Castle & Cooke Mortgage | 0.01% | 0.34% | |
| Bank of England AR | 0.01% | 0.67% | |
| Freedom Mortgage Corporation | 0.01% | 1.35% | |
| Pioneer Bank | 0.01% | 0.34% | |
| Citizens Bank of Las Cruces | 0.01% | 1.68% | |
| First American Bank New Mexico | 0.02% | 1.01% | |
| Cardinal Financial Company | 0.02% | 0.67% | |
| Amerisave Mortgage Corporation | 0.02% | 1.68% | |
| Mr. Cooper | 0.03% | 0.67% | |
| Rocky Mountain Mortgage Company | 0.03% | 0.67% | |
| CMG Financial | 0.05% | 1.35% | |
| Quicken Loans | 0.09% | 8.08% | |
| Carrington Mortgage Services | 0.20% | 11.45% |
* Data is compiled for the El Paso, TX commuting zone area, which comprises of counties of Dona Ana County, NM, Sierra County, NM, El Paso County, TX, and Hudspeth County, TX. This includes cities/towns/communities of El Paso, TX as well as Las Cruces, NM, Horizon City, TX, Radium Springs, NM, Socorro, TX, Sparks, TX, Santa Teresa, NM, Westway, TX, Fairacres, NM, San Ysidro, NM, San Elizario, TX, Canutillo, TX, San Pablo, NM, Agua Dulce, TX, Elephant Butte, NM, Truth or Consequences, NM, Sunland Park, NM, Vado, NM, Organ, NM, Anthony, NM, Mesilla, NM, Homestead Meadows South, TX, Chaparral, NM, La Union, NM, Arrey, NM, Anthony, TX, Fabens, TX, San Miguel, NM, Berino, NM, Chamberino, NM, Hatch, NM, Homestead Meadows North, TX, Fort Hancock, TX, Butterfield, TX, and Tornillo, 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 El Paso, TX area. For mortgage lender rankings in other cities, click here.