Which mortgage lender in the Montrose, CO 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 Montrose, CO 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 Montrose, CO area in terms of interest rate is Alpine Bank, with an average “Rate Difference” of -0.12%. This means that, comparing similar borrowers, Alpine Bank provided a -0.12% lower interest rate for its customers than other lenders in the area. Alpine Bank has a market share of 4.4%. On the other hand, the most popular lender in the Montrose, CO area is Cornerstone Home Lending, with a larger market share of 18.9%. Cornerstone Home Lending 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 Montrose, CO 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 Montrose, CO is Alpine 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 Bay Equity Home Loans. The cheapest VA mortgage provider is Guild Mortgage Company. 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 Montrose, CO
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Alpine Bank | -0.12% | 4.36% | |
| loanDepot | -0.07% | 2.00% | |
| US Bank | -0.06% | 2.31% | |
| Wells Fargo Bank | -0.04% | 8.73% | |
| Bank of Colorado | -0.02% | 3.99% | |
| American Financing | -0.01% | 1.93% | |
| Quicken Loans | -0.00% | 13.40% | |
| Bay Equity Home Loans | 0.00% | 6.98% | |
| Academy Mortgage Corporation Utah | 0.01% | 16.71% | |
| Cornerstone Home Lending | 0.02% | 18.89% | |
| Mortgage Solutions Financial | 0.03% | 5.17% | |
| Guild Mortgage Company | 0.04% | 15.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.11% | 7.60% | |
| Alpine Bank | -0.10% | 4.92% | |
| US Bank | -0.07% | 2.79% | |
| Quicken Loans | -0.06% | 5.14% | |
| loanDepot | -0.05% | 0.45% | |
| Bank of Colorado | -0.03% | 3.80% | |
| American Financing | -0.02% | 1.45% | |
| Bay Equity Home Loans | 0.01% | 9.94% | |
| Academy Mortgage Corporation Utah | 0.01% | 20.89% | |
| Cornerstone Home Lending | 0.02% | 21.45% | |
| Mortgage Solutions Financial | 0.04% | 2.91% | |
| Guild Mortgage Company | 0.06% | 18.66% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Alpine Bank | -0.14% | 3.67% | |
| loanDepot | -0.07% | 3.95% | |
| US Bank | -0.03% | 1.69% | |
| Bay Equity Home Loans | -0.02% | 3.24% | |
| American Financing | -0.01% | 2.54% | |
| Bank of Colorado | -0.00% | 4.23% | |
| Academy Mortgage Corporation Utah | 0.00% | 11.42% | |
| Cornerstone Home Lending | 0.00% | 15.66% | |
| Guild Mortgage Company | 0.01% | 11.57% | |
| Quicken Loans | 0.01% | 23.84% | |
| Mortgage Solutions Financial | 0.02% | 8.04% | |
| Wells Fargo Bank | 0.03% | 10.16% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Alpine Bank | -0.13% | 5.65% | |
| loanDepot | -0.10% | 1.60% | |
| US Bank | -0.07% | 2.53% | |
| Wells Fargo Bank | -0.05% | 10.88% | |
| Bank of Colorado | -0.02% | 4.55% | |
| American Financing | -0.00% | 1.43% | |
| Quicken Loans | -0.00% | 14.50% | |
| Academy Mortgage Corporation Utah | 0.01% | 16.61% | |
| Mortgage Solutions Financial | 0.02% | 3.54% | |
| Cornerstone Home Lending | 0.03% | 17.79% | |
| Bay Equity Home Loans | 0.03% | 6.07% | |
| Guild Mortgage Company | 0.05% | 14.84% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.13% | 10.02% | |
| Alpine Bank | -0.11% | 6.68% | |
| US Bank | -0.09% | 3.02% | |
| Quicken Loans | -0.07% | 6.20% | |
| loanDepot | -0.06% | 0.64% | |
| Bank of Colorado | -0.03% | 4.13% | |
| American Financing | -0.00% | 0.95% | |
| Mortgage Solutions Financial | 0.00% | 1.43% | |
| Academy Mortgage Corporation Utah | 0.01% | 20.67% | |
| Cornerstone Home Lending | 0.04% | 19.87% | |
| Bay Equity Home Loans | 0.05% | 8.59% | |
| Guild Mortgage Company | 0.07% | 17.81% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Alpine Bank | -0.15% | 4.49% | |
| loanDepot | -0.11% | 2.69% | |
| US Bank | -0.04% | 1.97% | |
| Bay Equity Home Loans | -0.03% | 3.23% | |
| Bank of Colorado | -0.01% | 5.03% | |
| American Financing | -0.00% | 1.97% | |
| Academy Mortgage Corporation Utah | -0.00% | 12.03% | |
| Cornerstone Home Lending | 0.00% | 15.44% | |
| Quicken Loans | 0.02% | 23.88% | |
| Mortgage Solutions Financial | 0.02% | 5.92% | |
| Guild Mortgage Company | 0.02% | 11.49% | |
| Wells Fargo Bank | 0.02% | 11.85% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bay Equity Home Loans | -0.07% | 9.58% | |
| Quicken Loans | -0.05% | 9.20% | |
| Bank of Colorado | -0.03% | 1.92% | |
| Alpine Bank | -0.03% | 0.38% | |
| American Financing | -0.02% | 3.83% | |
| US Bank | -0.01% | 0.38% | |
| Wells Fargo Bank | -0.00% | 1.53% | |
| Cornerstone Home Lending | -0.00% | 27.20% | |
| loanDepot | -0.00% | 1.53% | |
| Academy Mortgage Corporation Utah | 0.02% | 17.24% | |
| Guild Mortgage Company | 0.03% | 20.31% | |
| Mortgage Solutions Financial | 0.06% | 6.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bay Equity Home Loans | -0.09% | 11.40% | |
| Bank of Colorado | -0.04% | 2.59% | |
| Alpine Bank | -0.04% | 0.52% | |
| American Financing | -0.02% | 3.11% | |
| Wells Fargo Bank | -0.02% | 1.04% | |
| US Bank | -0.01% | 0.52% | |
| Quicken Loans | -0.01% | 1.04% | |
| Cornerstone Home Lending | -0.01% | 31.61% | |
| Academy Mortgage Corporation Utah | 0.02% | 20.21% | |
| Guild Mortgage Company | 0.04% | 24.35% | |
| Mortgage Solutions Financial | 0.04% | 3.63% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.05% | 32.35% | |
| Guild Mortgage Company | -0.02% | 8.82% | |
| American Financing | -0.02% | 5.88% | |
| Bay Equity Home Loans | 0.01% | 4.41% | |
| loanDepot | 0.01% | 5.88% | |
| Cornerstone Home Lending | 0.01% | 14.71% | |
| Wells Fargo Bank | 0.02% | 2.94% | |
| Academy Mortgage Corporation Utah | 0.03% | 8.82% | |
| Mortgage Solutions Financial | 0.08% | 16.18% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 23.53% | |
| US Bank | -0.01% | 29.41% | |
| loanDepot | 0.00% | 5.88% | |
| Quicken Loans | 0.01% | 17.65% | |
| Cornerstone Home Lending | 0.02% | 23.53% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.00% | 57.14% | |
| Wells Fargo Bank | 0.00% | 28.57% | |
| Quicken Loans | 0.01% | 14.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 20.00% | |
| US Bank | -0.01% | 10.00% | |
| loanDepot | -0.00% | 10.00% | |
| Quicken Loans | 0.01% | 20.00% | |
| Cornerstone Home Lending | 0.01% | 40.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | -0.04% | 14.29% | |
| loanDepot | -0.03% | 5.71% | |
| Bank of Colorado | -0.02% | 3.57% | |
| US Bank | -0.02% | 0.71% | |
| Alpine Bank | -0.02% | 1.43% | |
| Academy Mortgage Corporation Utah | -0.01% | 18.57% | |
| American Financing | -0.00% | 2.86% | |
| Cornerstone Home Lending | -0.00% | 12.14% | |
| Wells Fargo Bank | 0.01% | 2.14% | |
| Quicken Loans | 0.02% | 11.43% | |
| Bay Equity Home Loans | 0.03% | 10.71% | |
| Mortgage Solutions Financial | 0.04% | 16.43% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of Colorado | -0.05% | 4.55% | |
| Guild Mortgage Company | -0.04% | 12.12% | |
| US Bank | -0.04% | 1.52% | |
| Quicken Loans | -0.03% | 6.06% | |
| American Financing | -0.03% | 1.52% | |
| Alpine Bank | -0.03% | 1.52% | |
| Academy Mortgage Corporation Utah | -0.02% | 27.27% | |
| Wells Fargo Bank | -0.02% | 1.52% | |
| Cornerstone Home Lending | -0.00% | 9.09% | |
| Bay Equity Home Loans | 0.02% | 19.70% | |
| Mortgage Solutions Financial | 0.09% | 15.15% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | -0.05% | 16.22% | |
| loanDepot | -0.02% | 10.81% | |
| Alpine Bank | -0.02% | 1.35% | |
| Academy Mortgage Corporation Utah | -0.01% | 10.81% | |
| Cornerstone Home Lending | 0.00% | 14.86% | |
| Bank of Colorado | 0.01% | 2.70% | |
| Mortgage Solutions Financial | 0.01% | 17.57% | |
| American Financing | 0.01% | 4.05% | |
| Wells Fargo Bank | 0.03% | 2.70% | |
| Bay Equity Home Loans | 0.03% | 2.70% | |
| Quicken Loans | 0.04% | 16.22% |
* Data is compiled for the Montrose, CO commuting zone area, which comprises of counties of Delta County, CO, Montrose County, CO, Ouray County, CO, and San Miguel County, CO. This includes cities/towns/communities of Montrose, CO as well as Delta, CO, Mountain Village, CO, Ridgway, CO, Cedaredge, CO, Olathe, CO, Orchard City, CO, Hotchkiss, CO, Paonia, CO, Sawpit, CO, Nucla, CO, and Norwood, CO. 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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