Which mortgage lender in the Durango, 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 Durango, 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 Durango, CO area in terms of interest rate is Central Bank Jefferson City, with an average “Rate Difference” of -0.06%. This means that, comparing similar borrowers, Central Bank Jefferson City provided a -0.06% lower interest rate for its customers than other lenders in the area. Central Bank Jefferson City has a market share of 17.0%. On the other hand, the most popular lender in the Durango, CO area is Quicken Loans, with a larger market share of 18.6%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.05% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Durango, 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 Durango, CO is Central Bank Jefferson City. 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 Quicken Loans. The cheapest VA mortgage provider is Caliber Home Loans. 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 Durango, CO
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank Jefferson City | -0.06% | 16.97% | |
| Alpine Bank | -0.04% | 5.43% | |
| Flanagan State Bank | -0.02% | 5.08% | |
| Bank of Colorado | -0.02% | 16.74% | |
| Glacier Bank | 0.00% | 4.62% | |
| Wells Fargo Bank | 0.01% | 11.20% | |
| Academy Mortgage Corporation Utah | 0.02% | 12.59% | |
| Highlands Residential Mortgage Ltd | 0.04% | 5.08% | |
| Quicken Loans | 0.05% | 18.59% | |
| Caliber Home Loans | 0.05% | 3.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank Jefferson City | -0.06% | 22.36% | |
| Flanagan State Bank | -0.03% | 5.28% | |
| Wells Fargo Bank | -0.02% | 11.59% | |
| Alpine Bank | -0.02% | 4.88% | |
| Quicken Loans | 0.02% | 10.16% | |
| Glacier Bank | 0.02% | 5.28% | |
| Bank of Colorado | 0.03% | 17.07% | |
| Academy Mortgage Corporation Utah | 0.04% | 15.65% | |
| Caliber Home Loans | 0.04% | 1.63% | |
| Highlands Residential Mortgage Ltd | 0.07% | 6.10% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of Colorado | -0.08% | 16.31% | |
| Alpine Bank | -0.07% | 6.15% | |
| Central Bank Jefferson City | -0.04% | 9.89% | |
| Glacier Bank | -0.02% | 3.74% | |
| Highlands Residential Mortgage Ltd | -0.02% | 3.74% | |
| Academy Mortgage Corporation Utah | -0.01% | 8.56% | |
| Flanagan State Bank | -0.01% | 4.81% | |
| Wells Fargo Bank | 0.04% | 10.70% | |
| Caliber Home Loans | 0.05% | 6.42% | |
| Quicken Loans | 0.06% | 29.68% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank Jefferson City | -0.07% | 17.74% | |
| Alpine Bank | -0.04% | 5.78% | |
| Flanagan State Bank | -0.02% | 4.57% | |
| Bank of Colorado | -0.02% | 17.20% | |
| Glacier Bank | 0.00% | 5.11% | |
| Wells Fargo Bank | 0.01% | 11.42% | |
| Academy Mortgage Corporation Utah | 0.02% | 10.89% | |
| Highlands Residential Mortgage Ltd | 0.04% | 4.44% | |
| Quicken Loans | 0.06% | 19.89% | |
| Caliber Home Loans | 0.09% | 2.96% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank Jefferson City | -0.07% | 24.03% | |
| Flanagan State Bank | -0.03% | 4.61% | |
| Wells Fargo Bank | -0.02% | 11.65% | |
| Alpine Bank | -0.02% | 5.10% | |
| Quicken Loans | 0.02% | 10.92% | |
| Glacier Bank | 0.03% | 5.83% | |
| Bank of Colorado | 0.03% | 17.72% | |
| Academy Mortgage Corporation Utah | 0.04% | 13.11% | |
| Caliber Home Loans | 0.06% | 1.46% | |
| Highlands Residential Mortgage Ltd | 0.08% | 5.58% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of Colorado | -0.09% | 16.57% | |
| Alpine Bank | -0.07% | 6.63% | |
| Central Bank Jefferson City | -0.05% | 9.94% | |
| Highlands Residential Mortgage Ltd | -0.03% | 3.01% | |
| Glacier Bank | -0.03% | 4.22% | |
| Academy Mortgage Corporation Utah | -0.01% | 8.13% | |
| Flanagan State Bank | -0.01% | 4.52% | |
| Wells Fargo Bank | 0.04% | 11.14% | |
| Quicken Loans | 0.06% | 31.02% | |
| Caliber Home Loans | 0.08% | 4.82% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.05% | 13.04% | |
| Caliber Home Loans | -0.03% | 10.87% | |
| Flanagan State Bank | -0.02% | 17.39% | |
| Central Bank Jefferson City | -0.02% | 6.52% | |
| Highlands Residential Mortgage Ltd | -0.00% | 6.52% | |
| Bank of Colorado | 0.02% | 15.22% | |
| Academy Mortgage Corporation Utah | 0.03% | 30.43% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.04% | 6.06% | |
| Flanagan State Bank | -0.03% | 18.18% | |
| Central Bank Jefferson City | -0.03% | 9.09% | |
| Highlands Residential Mortgage Ltd | -0.01% | 6.06% | |
| Bank of Colorado | 0.01% | 18.18% | |
| Academy Mortgage Corporation Utah | 0.02% | 42.42% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.03% | 30.77% | |
| Caliber Home Loans | 0.01% | 38.46% | |
| Flanagan State Bank | 0.01% | 15.38% | |
| Bank of Colorado | 0.02% | 7.69% | |
| Highlands Residential Mortgage Ltd | 0.03% | 7.69% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 34.48% | |
| Central Bank Jefferson City | -0.00% | 20.69% | |
| Bank of Colorado | 0.00% | 3.45% | |
| Quicken Loans | 0.01% | 6.90% | |
| Alpine Bank | 0.01% | 6.90% | |
| Academy Mortgage Corporation Utah | 0.01% | 13.79% | |
| Highlands Residential Mortgage Ltd | 0.02% | 13.79% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 42.11% | |
| Academy Mortgage Corporation Utah | 0.00% | 5.26% | |
| Quicken Loans | 0.00% | 5.26% | |
| Central Bank Jefferson City | 0.00% | 21.05% | |
| Bank of Colorado | 0.01% | 5.26% | |
| Alpine Bank | 0.01% | 10.53% | |
| Highlands Residential Mortgage Ltd | 0.02% | 10.53% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Central Bank Jefferson City | -0.02% | 20.00% | |
| Wells Fargo Bank | -0.01% | 20.00% | |
| Academy Mortgage Corporation Utah | 0.01% | 30.00% | |
| Highlands Residential Mortgage Ltd | 0.01% | 20.00% | |
| Quicken Loans | 0.01% | 10.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Caliber Home Loans | -0.01% | 10.64% | |
| Glacier Bank | -0.01% | 4.26% | |
| Bank of Colorado | -0.01% | 19.15% | |
| Alpine Bank | -0.00% | 4.26% | |
| Academy Mortgage Corporation Utah | -0.00% | 21.28% | |
| Wells Fargo Bank | -0.00% | 4.26% | |
| Quicken Loans | -0.00% | 10.64% | |
| Flanagan State Bank | 0.00% | 4.26% | |
| Highlands Residential Mortgage Ltd | 0.02% | 8.51% | |
| Central Bank Jefferson City | 0.02% | 12.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Caliber Home Loans | -0.03% | 7.14% | |
| Alpine Bank | -0.02% | 3.57% | |
| Wells Fargo Bank | -0.02% | 3.57% | |
| Glacier Bank | -0.01% | 7.14% | |
| Quicken Loans | -0.01% | 7.14% | |
| Academy Mortgage Corporation Utah | -0.01% | 28.57% | |
| Flanagan State Bank | 0.00% | 3.57% | |
| Highlands Residential Mortgage Ltd | 0.02% | 10.71% | |
| Bank of Colorado | 0.02% | 14.29% | |
| Central Bank Jefferson City | 0.02% | 14.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of Colorado | -0.02% | 26.32% | |
| Academy Mortgage Corporation Utah | -0.00% | 10.53% | |
| Flanagan State Bank | 0.00% | 5.26% | |
| Caliber Home Loans | 0.00% | 15.79% | |
| Quicken Loans | 0.01% | 15.79% | |
| Highlands Residential Mortgage Ltd | 0.01% | 5.26% | |
| Central Bank Jefferson City | 0.01% | 10.53% | |
| Wells Fargo Bank | 0.02% | 5.26% | |
| Alpine Bank | 0.02% | 5.26% |
* Data is compiled for the Durango, CO commuting zone area, which comprises of counties of Archuleta County, CO, La Plata County, CO, and San Juan County, CO. This includes cities/towns/communities of Durango, CO as well as Pagosa Springs, CO, Bayfield, CO, Ignacio, CO, Silverton, CO, and Arboles, 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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