Which mortgage lender in the Brownsville, 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 Brownsville, 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 Brownsville, TX area in terms of interest rate is Security Service Federal Credit Union, with an average “Rate Difference” of -0.51%. This means that, comparing similar borrowers, Security Service Federal Credit Union provided a -0.51% lower interest rate for its customers than other lenders in the area. Security Service Federal Credit Union has a market share of 7.0%. On the other hand, the most popular lender in the Brownsville, TX area is Willow Bend Mortgage, with a larger market share of 9.1%. Willow Bend Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.02% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Brownsville, 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 Brownsville, TX is Security Service Federal Credit Union. 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 Cardinal Financial Company. 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 Brownsville, TX
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 16.67% | |
| Guild Mortgage Company | -0.00% | 16.67% | |
| JPMorgan Chase Bank | -0.00% | 16.67% | |
| Navy Army Community Credit Union | 0.00% | 33.33% | |
| Lone Star National Bank | 0.01% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 25.00% | |
| JPMorgan Chase Bank | -0.00% | 25.00% | |
| Navy Army Community Credit Union | 0.00% | 25.00% | |
| Lone Star National Bank | 0.01% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | 0.00% | 50.00% | |
| Navy Army Community Credit Union | 0.00% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.07% | 11.25% | |
| PennyMac Loan Services | -0.03% | 15.00% | |
| Plaza Home Mortgage | -0.01% | 1.25% | |
| USAA | -0.01% | 6.25% | |
| Mortgage Solutions Financial | 0.00% | 1.25% | |
| AmCap Home Loans | 0.00% | 1.25% | |
| Cornerstone Home Lending | 0.00% | 2.50% | |
| Quicken Loans | 0.01% | 1.25% | |
| Thrive Mortgage | 0.01% | 1.25% | |
| Navy Federal Credit Union | 0.01% | 1.25% | |
| Hamilton Group Funding | 0.01% | 1.25% | |
| Carrington Mortgage Services | 0.01% | 10.00% | |
| Willow Bend Mortgage | 0.01% | 1.25% | |
| Flagstar Bank | 0.01% | 6.25% | |
| Academy Mortgage Corporation Utah | 0.02% | 5.00% | |
| Hometown Lenders | 0.02% | 6.25% | |
| Nations Lending Corporation | 0.02% | 11.25% | |
| Gateway First Bank | 0.02% | 1.25% | |
| Planet Home Lending | 0.03% | 3.75% | |
| PrimeLending | 0.03% | 1.25% | |
| Synergy One Lending | 0.05% | 6.25% | |
| Freedom Mortgage Corporation | 0.06% | 3.75% |
* Data is compiled for the Brownsville, TX commuting zone area, which comprises of counties of Cameron County, TX, Hidalgo County, TX, Starr County, TX, and Willacy County, TX. This includes cities/towns/communities of Brownsville, TX as well as McAllen, TX, Edinburg, TX, Mission, TX, Harlingen, TX, Pharr, TX, Weslaco, TX, San Juan, TX, South Padre Island, TX, San Benito, TX, Alamo, TX, Alton, TX, Palmhurst, TX, Hidalgo, TX, Laguna Vista, TX, Murillo, TX, Primera, TX, Mercedes, TX, Donna, TX, Rio Grande City, TX, Laureles, TX, La Feria, TX, Rancho Viejo, TX, Perezville, TX, Llano Grande, TX, La Paloma, TX, La Homa, TX, San Carlos, TX, Olivarez, TX, Los Fresnos, TX, Doolittle, TX, Rio Hondo, TX, Laguna Heights, TX, North Alamo, TX, Port Isabel, TX, La Joya, TX, Palmview, TX, Progreso, TX, Combes, TX, Sullivan City, TX, Midway South, TX, Raymondville, TX, Linn, TX, Citrus City, TX, Midway North, TX, La Blanca, TX, Reid Hope King, TX, Las Lomas, TX, Santa Rosa, TX, La Villa, TX, and Mikes, 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 Brownsville, TX area. For mortgage lender rankings in other cities, click here.