Top Mortgage Lenders in Monroe, LA

Which mortgage lender in the Monroe, LA 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 Monroe, LA area by interest rate and market share. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We 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 Monroe, LA area in terms of interest rate is Origin Bank, with an average “Rate Difference” of -0.14%. This means that, comparing similar borrowers, Origin Bank provided a -0.14% lower interest rate for its customers than other lenders in the area. Origin Bank has a market share of 10.7%. On the other hand, the most popular lender in the Monroe, LA area is Eagle Bank and Trust Company, with a larger market share of 15.9%. Eagle Bank and Trust Company is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.09% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Monroe, LA 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, the cheapest lender for Conventional mortgages in Monroe, LA is Origin Bank. If you want to take out a loan that is above conforming limits (for example, above $548,250 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 GMFS Mortgage. The cheapest VA mortgage provider is Origin 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 Monroe, LA

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Origin Bank-0.14%(4.0)10.68%
Eagle Bank and Trust Company-0.09%(4.0)15.91%
GMFS Mortgage-0.09%(4.0)10.05%
IBERIABANK-0.02%(3.5)3.84%
Century Next Bank-0.00%(3.5)3.70%
BancorpSouth Bank0.02%(3.5)5.72%
Regions Bank0.02%(3.5)3.91%
Wells Fargo Bank0.05%(3.5)2.79%
Movement Mortgage0.06%(3.0)11.44%
NewRez0.06%(3.0)6.56%
Quicken Loans0.08%(3.0)14.86%
JPMorgan Chase Bank0.10%(3.0)3.42%
Assurance Financial0.14%(3.0)7.12%
Lender NameRate DifferenceRate RatingMarket Share
GMFS Mortgage-0.10%(4.0)9.41%
Origin Bank-0.10%(4.0)8.85%
Eagle Bank and Trust Company-0.09%(4.0)21.84%
JPMorgan Chase Bank-0.03%(3.5)1.90%
Century Next Bank-0.02%(3.5)4.14%
Wells Fargo Bank-0.01%(3.5)1.68%
IBERIABANK-0.00%(3.5)2.80%
BancorpSouth Bank0.00%(3.5)6.61%
Regions Bank0.02%(3.5)3.02%
Movement Mortgage0.07%(3.0)17.47%
NewRez0.07%(3.0)6.38%
Quicken Loans0.08%(3.0)6.94%
Assurance Financial0.18%(2.5)8.96%
Lender NameRate DifferenceRate RatingMarket Share
Origin Bank-0.19%(4.5)13.70%
Eagle Bank and Trust Company-0.11%(4.0)6.11%
GMFS Mortgage-0.08%(4.0)11.11%
Movement Mortgage-0.04%(3.5)1.48%
IBERIABANK-0.03%(3.5)5.56%
Regions Bank0.02%(3.5)5.37%
Century Next Bank0.03%(3.5)2.96%
Assurance Financial0.05%(3.5)4.07%
NewRez0.05%(3.5)6.85%
Wells Fargo Bank0.07%(3.0)4.63%
Quicken Loans0.07%(3.0)27.96%
BancorpSouth Bank0.09%(3.0)4.26%
JPMorgan Chase Bank0.15%(2.5)5.93%
Lender NameRate DifferenceRate RatingMarket Share
Origin Bank-0.15%(4.5)14.21%
Eagle Bank and Trust Company-0.10%(4.0)14.86%
GMFS Mortgage-0.05%(4.0)9.40%
IBERIABANK-0.02%(3.5)5.25%
Century Next Bank0.02%(3.5)3.93%
Regions Bank0.03%(3.5)4.70%
Movement Mortgage0.03%(3.5)9.18%
BancorpSouth Bank0.04%(3.5)7.43%
Wells Fargo Bank0.05%(3.0)4.15%
NewRez0.08%(3.0)6.45%
JPMorgan Chase Bank0.11%(3.0)4.92%
Quicken Loans0.14%(3.0)11.69%
Assurance Financial0.15%(2.5)3.83%
Lender NameRate DifferenceRate RatingMarket Share
Origin Bank-0.10%(4.0)12.29%
Eagle Bank and Trust Company-0.08%(4.0)22.29%
JPMorgan Chase Bank-0.03%(3.5)3.12%
Wells Fargo Bank-0.01%(3.5)2.71%
GMFS Mortgage-0.01%(3.5)7.50%
IBERIABANK-0.00%(3.5)4.17%
Century Next Bank0.01%(3.5)4.38%
BancorpSouth Bank0.02%(3.5)9.38%
Regions Bank0.04%(3.5)2.92%
Movement Mortgage0.05%(3.0)16.04%
NewRez0.10%(3.0)5.42%
Quicken Loans0.13%(3.0)5.21%
Assurance Financial0.20%(2.5)4.58%
Lender NameRate DifferenceRate RatingMarket Share
Origin Bank-0.20%(4.5)16.32%
Eagle Bank and Trust Company-0.12%(4.0)6.67%
GMFS Mortgage-0.09%(4.0)11.49%
Movement Mortgage-0.04%(3.5)1.61%
IBERIABANK-0.04%(3.5)6.44%
Regions Bank0.02%(3.5)6.67%
Century Next Bank0.04%(3.5)3.45%
NewRez0.06%(3.0)7.59%
Assurance Financial0.07%(3.0)2.99%
Wells Fargo Bank0.08%(3.0)5.75%
BancorpSouth Bank0.09%(3.0)5.29%
Quicken Loans0.13%(3.0)18.85%
JPMorgan Chase Bank0.17%(2.5)6.90%
Lender NameRate DifferenceRate RatingMarket Share
GMFS Mortgage-0.17%(4.5)12.44%
Eagle Bank and Trust Company-0.11%(4.0)17.77%
Origin Bank-0.10%(4.0)3.30%
Century Next Bank-0.08%(4.0)2.54%
BancorpSouth Bank-0.04%(3.5)3.30%
Regions Bank-0.03%(3.5)1.52%
IBERIABANK0.01%(3.5)0.51%
Quicken Loans0.03%(3.5)21.32%
NewRez0.04%(3.5)6.85%
Movement Mortgage0.09%(3.0)17.26%
Assurance Financial0.16%(2.5)13.20%
Lender NameRate DifferenceRate RatingMarket Share
GMFS Mortgage-0.19%(4.5)13.12%
Eagle Bank and Trust Company-0.11%(4.0)20.62%
Origin Bank-0.10%(4.0)3.75%
Century Next Bank-0.07%(4.0)3.12%
BancorpSouth Bank-0.03%(3.5)4.06%
Regions Bank-0.02%(3.5)1.88%
IBERIABANK0.02%(3.5)0.62%
Quicken Loans0.04%(3.5)10.00%
NewRez0.05%(3.0)7.50%
Movement Mortgage0.10%(3.0)20.94%
Assurance Financial0.19%(2.5)14.37%
Lender NameRate DifferenceRate RatingMarket Share
GMFS Mortgage-0.04%(3.5)9.46%
Movement Mortgage-0.02%(3.5)1.35%
Origin Bank-0.02%(3.5)1.35%
NewRez-0.01%(3.5)4.05%
Assurance Financial0.00%(3.5)8.11%
Quicken Loans0.00%(3.5)70.27%
Eagle Bank and Trust Company0.02%(3.5)5.41%
Lender NameRate DifferenceRate RatingMarket Share
JPMorgan Chase Bank-0.01%(3.5)30.00%
Movement Mortgage-0.01%(3.5)10.00%
Origin Bank-0.00%(3.5)20.00%
Assurance Financial-0.00%(3.5)10.00%
Regions Bank0.01%(3.5)10.00%
IBERIABANK0.01%(3.5)20.00%
Lender NameRate DifferenceRate RatingMarket Share
Movement Mortgage-0.01%(3.5)20.00%
JPMorgan Chase Bank-0.00%(3.5)20.00%
Origin Bank-0.00%(3.5)20.00%
Regions Bank0.01%(3.5)20.00%
IBERIABANK0.01%(3.5)20.00%
Lender NameRate DifferenceRate RatingMarket Share
JPMorgan Chase Bank-0.01%(3.5)40.00%
Origin Bank-0.00%(3.5)20.00%
Assurance Financial0.00%(3.5)20.00%
IBERIABANK0.01%(3.5)20.00%
Lender NameRate DifferenceRate RatingMarket Share
Origin Bank-0.10%(4.0)7.02%
GMFS Mortgage-0.04%(3.5)7.89%
Century Next Bank-0.03%(3.5)6.14%
IBERIABANK-0.01%(3.5)2.63%
Eagle Bank and Trust Company-0.01%(3.5)19.30%
BancorpSouth Bank-0.01%(3.5)0.88%
Wells Fargo Bank-0.00%(3.5)1.75%
JPMorgan Chase Bank0.00%(3.5)0.88%
Regions Bank0.01%(3.5)5.26%
Quicken Loans0.01%(3.5)19.30%
Movement Mortgage0.04%(3.5)9.65%
NewRez0.04%(3.5)7.02%
Assurance Financial0.05%(3.5)12.28%
Lender NameRate DifferenceRate RatingMarket Share
Origin Bank-0.12%(4.0)7.95%
GMFS Mortgage-0.05%(3.5)6.82%
Century Next Bank-0.03%(3.5)6.82%
IBERIABANK-0.01%(3.5)2.27%
Eagle Bank and Trust Company-0.01%(3.5)25.00%
BancorpSouth Bank-0.01%(3.5)1.14%
Wells Fargo Bank-0.00%(3.5)2.27%
JPMorgan Chase Bank0.00%(3.5)1.14%
Regions Bank0.01%(3.5)6.82%
Quicken Loans0.02%(3.5)5.68%
Movement Mortgage0.04%(3.5)12.50%
NewRez0.04%(3.5)7.95%
Assurance Financial0.05%(3.0)13.64%
Lender NameRate DifferenceRate RatingMarket Share
GMFS Mortgage-0.04%(3.5)11.54%
Century Next Bank-0.02%(3.5)3.85%
IBERIABANK-0.00%(3.5)3.85%
Origin Bank0.00%(3.5)3.85%
Quicken Loans0.01%(3.5)65.38%
Assurance Financial0.01%(3.5)7.69%
NewRez0.01%(3.5)3.85%

* Data is compiled for the Monroe, LA commuting zone area, which comprises of counties of East Carroll Parish, LA, Morehouse Parish, LA, Ouachita Parish, LA, Richland Parish, LA, Union Parish, LA, and West Carroll Parish, LA. This includes cities/towns/communities of Monroe, LA as well as Claiborne, LA, West Monroe, LA, Sterlington, LA, Calhoun, LA, Swartz, LA, Bastrop, LA, Farmerville, LA, Bernice, LA, Downsville, LA, Rayville, LA, Start, LA, Marion, LA, Brownsville, LA, Mangham, LA, Kilbourne, LA, Mer Rouge, LA, Oak Grove, LA, Delhi, LA, Lake Providence, LA, Bonita, LA, Epps, LA, and Richwood, LA. 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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