Which mortgage lender in the Sherman, 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 Sherman, 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 Sherman, TX area in terms of interest rate is Gateway First Bank, with an average “Rate Difference” of -0.13%. This means that, comparing similar borrowers, Gateway First Bank provided a -0.13% lower interest rate for its customers than other lenders in the area. Gateway First Bank has a market share of 6.8%. On the other hand, the most popular lender in the Sherman, TX area is Guild Mortgage Company, with a larger market share of 25.7%. Guild Mortgage Company is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.10% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Sherman, 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 Sherman, TX is Gateway First 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 First United Bank. The cheapest VA mortgage provider is USAA. 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 Sherman, TX
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gateway First Bank | -0.13% | 6.81% | |
| First United Bank | -0.10% | 14.10% | |
| JPMorgan Chase Bank | -0.09% | 3.33% | |
| USAA | -0.06% | 2.48% | |
| Certainty Home Loans | -0.06% | 5.48% | |
| Wells Fargo Bank | -0.04% | 3.24% | |
| Premier Nationwide Lending | -0.03% | 3.62% | |
| Caliber Home Loans | -0.01% | 3.67% | |
| Service First Mortgage | -0.01% | 1.48% | |
| Fairway Independent Mortgage Corporation | -0.00% | 3.48% | |
| loanDepot | -0.00% | 1.48% | |
| Independent Bank Texas | 0.00% | 1.86% | |
| HomeServices Lending | 0.00% | 1.57% | |
| PrimeLending | 0.02% | 2.48% | |
| Supreme Lending | 0.02% | 2.43% | |
| Quicken Loans | 0.03% | 10.05% | |
| Cardinal Financial Company | 0.04% | 1.62% | |
| Town Square Mortgage | 0.05% | 3.38% | |
| Guild Mortgage Company | 0.10% | 25.73% | |
| Mr. Cooper | 0.13% | 1.72% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| JPMorgan Chase Bank | -0.17% | 2.42% | |
| Gateway First Bank | -0.15% | 7.49% | |
| Wells Fargo Bank | -0.11% | 3.38% | |
| First United Bank | -0.09% | 14.55% | |
| Certainty Home Loans | -0.07% | 6.32% | |
| USAA | -0.07% | 3.16% | |
| Quicken Loans | -0.04% | 5.29% | |
| Premier Nationwide Lending | -0.03% | 3.31% | |
| Caliber Home Loans | -0.01% | 4.63% | |
| Service First Mortgage | -0.01% | 1.47% | |
| loanDepot | -0.01% | 0.66% | |
| Fairway Independent Mortgage Corporation | 0.00% | 4.48% | |
| Supreme Lending | 0.00% | 1.98% | |
| HomeServices Lending | 0.01% | 2.06% | |
| Mr. Cooper | 0.01% | 0.66% | |
| Town Square Mortgage | 0.02% | 3.89% | |
| PrimeLending | 0.02% | 2.79% | |
| Independent Bank Texas | 0.03% | 1.76% | |
| Cardinal Financial Company | 0.05% | 1.84% | |
| Guild Mortgage Company | 0.14% | 27.85% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First United Bank | -0.13% | 13.28% | |
| Gateway First Bank | -0.07% | 5.56% | |
| Independent Bank Texas | -0.03% | 2.03% | |
| Premier Nationwide Lending | -0.03% | 4.20% | |
| Fairway Independent Mortgage Corporation | -0.03% | 1.63% | |
| JPMorgan Chase Bank | -0.03% | 5.01% | |
| Caliber Home Loans | -0.03% | 1.90% | |
| HomeServices Lending | -0.02% | 0.68% | |
| USAA | -0.02% | 1.22% | |
| Certainty Home Loans | -0.02% | 3.93% | |
| Guild Mortgage Company | -0.00% | 21.82% | |
| Service First Mortgage | 0.00% | 1.49% | |
| loanDepot | 0.00% | 2.98% | |
| Cardinal Financial Company | 0.01% | 1.22% | |
| PrimeLending | 0.02% | 1.90% | |
| Supreme Lending | 0.05% | 3.25% | |
| Quicken Loans | 0.07% | 18.83% | |
| Wells Fargo Bank | 0.09% | 2.98% | |
| Town Square Mortgage | 0.12% | 2.44% | |
| Mr. Cooper | 0.17% | 3.66% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gateway First Bank | -0.15% | 6.63% | |
| JPMorgan Chase Bank | -0.09% | 4.80% | |
| First United Bank | -0.07% | 15.24% | |
| USAA | -0.05% | 1.48% | |
| Certainty Home Loans | -0.05% | 4.66% | |
| Wells Fargo Bank | -0.04% | 4.45% | |
| Premier Nationwide Lending | -0.02% | 4.23% | |
| HomeServices Lending | -0.01% | 1.41% | |
| Cardinal Financial Company | 0.00% | 1.13% | |
| Independent Bank Texas | 0.00% | 2.26% | |
| loanDepot | 0.01% | 1.55% | |
| Service First Mortgage | 0.01% | 0.85% | |
| Fairway Independent Mortgage Corporation | 0.01% | 2.82% | |
| Caliber Home Loans | 0.02% | 2.82% | |
| PrimeLending | 0.03% | 2.47% | |
| Supreme Lending | 0.03% | 2.68% | |
| Quicken Loans | 0.06% | 11.15% | |
| Guild Mortgage Company | 0.06% | 24.70% | |
| Town Square Mortgage | 0.08% | 2.89% | |
| Mr. Cooper | 0.18% | 1.76% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gateway First Bank | -0.20% | 7.16% | |
| JPMorgan Chase Bank | -0.17% | 4.04% | |
| Wells Fargo Bank | -0.11% | 5.47% | |
| Certainty Home Loans | -0.06% | 5.08% | |
| USAA | -0.05% | 2.47% | |
| First United Bank | -0.02% | 16.28% | |
| Premier Nationwide Lending | -0.02% | 3.78% | |
| Quicken Loans | -0.01% | 5.08% | |
| Cardinal Financial Company | -0.00% | 1.43% | |
| HomeServices Lending | -0.00% | 1.95% | |
| loanDepot | -0.00% | 0.52% | |
| Supreme Lending | 0.00% | 2.21% | |
| Service First Mortgage | 0.01% | 0.78% | |
| PrimeLending | 0.03% | 3.12% | |
| Fairway Independent Mortgage Corporation | 0.03% | 4.04% | |
| Independent Bank Texas | 0.03% | 2.34% | |
| Town Square Mortgage | 0.04% | 2.99% | |
| Caliber Home Loans | 0.04% | 3.91% | |
| Guild Mortgage Company | 0.11% | 27.34% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First United Bank | -0.14% | 14.02% | |
| Gateway First Bank | -0.07% | 6.01% | |
| Independent Bank Texas | -0.04% | 2.16% | |
| Fairway Independent Mortgage Corporation | -0.04% | 1.39% | |
| USAA | -0.03% | 0.31% | |
| Premier Nationwide Lending | -0.03% | 4.78% | |
| JPMorgan Chase Bank | -0.03% | 5.70% | |
| Caliber Home Loans | -0.03% | 1.54% | |
| HomeServices Lending | -0.03% | 0.77% | |
| Certainty Home Loans | -0.03% | 4.16% | |
| Guild Mortgage Company | -0.00% | 21.57% | |
| loanDepot | 0.00% | 2.77% | |
| Service First Mortgage | 0.01% | 0.92% | |
| Cardinal Financial Company | 0.01% | 0.77% | |
| PrimeLending | 0.03% | 1.69% | |
| Supreme Lending | 0.06% | 3.24% | |
| Quicken Loans | 0.08% | 18.34% | |
| Wells Fargo Bank | 0.09% | 3.24% | |
| Town Square Mortgage | 0.12% | 2.77% | |
| Mr. Cooper | 0.18% | 3.85% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First United Bank | -0.26% | 11.74% | |
| Gateway First Bank | -0.11% | 7.76% | |
| Certainty Home Loans | -0.09% | 7.34% | |
| Caliber Home Loans | -0.09% | 5.03% | |
| Quicken Loans | -0.06% | 8.18% | |
| Premier Nationwide Lending | -0.04% | 2.94% | |
| Fairway Independent Mortgage Corporation | -0.03% | 4.82% | |
| Service First Mortgage | -0.02% | 3.35% | |
| loanDepot | -0.00% | 0.63% | |
| Mr. Cooper | 0.00% | 1.68% | |
| Town Square Mortgage | 0.00% | 5.66% | |
| Supreme Lending | 0.01% | 1.68% | |
| Independent Bank Texas | 0.01% | 1.26% | |
| HomeServices Lending | 0.03% | 1.89% | |
| PrimeLending | 0.04% | 2.10% | |
| Cardinal Financial Company | 0.09% | 2.73% | |
| Guild Mortgage Company | 0.18% | 31.24% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First United Bank | -0.26% | 12.76% | |
| Gateway First Bank | -0.12% | 8.20% | |
| Quicken Loans | -0.10% | 5.24% | |
| Caliber Home Loans | -0.10% | 4.78% | |
| Certainty Home Loans | -0.10% | 7.97% | |
| Premier Nationwide Lending | -0.04% | 3.19% | |
| Fairway Independent Mortgage Corporation | -0.03% | 5.01% | |
| Service First Mortgage | -0.02% | 2.73% | |
| Town Square Mortgage | -0.00% | 6.15% | |
| Mr. Cooper | 0.00% | 1.37% | |
| loanDepot | 0.00% | 0.46% | |
| Independent Bank Texas | 0.01% | 1.37% | |
| Supreme Lending | 0.01% | 1.59% | |
| HomeServices Lending | 0.02% | 2.05% | |
| PrimeLending | 0.03% | 2.28% | |
| Cardinal Financial Company | 0.11% | 2.51% | |
| Guild Mortgage Company | 0.19% | 32.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | -0.04% | 18.42% | |
| Caliber Home Loans | -0.02% | 7.89% | |
| Fairway Independent Mortgage Corporation | -0.00% | 2.63% | |
| loanDepot | -0.00% | 2.63% | |
| Service First Mortgage | 0.01% | 10.53% | |
| Cardinal Financial Company | 0.01% | 5.26% | |
| Supreme Lending | 0.01% | 2.63% | |
| Quicken Loans | 0.01% | 42.11% | |
| Mr. Cooper | 0.02% | 5.26% | |
| Gateway First Bank | 0.02% | 2.63% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 27.27% | |
| First United Bank | 0.00% | 63.64% | |
| PrimeLending | 0.01% | 9.09% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.01% | 40.00% | |
| First United Bank | 0.01% | 60.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.00% | 16.67% | |
| First United Bank | -0.00% | 66.67% | |
| PrimeLending | 0.01% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.07% | 15.98% | |
| Certainty Home Loans | -0.05% | 7.22% | |
| Gateway First Bank | -0.04% | 6.19% | |
| First United Bank | -0.04% | 8.76% | |
| Premier Nationwide Lending | -0.04% | 1.03% | |
| Fairway Independent Mortgage Corporation | -0.02% | 5.15% | |
| Supreme Lending | -0.02% | 2.58% | |
| PrimeLending | -0.02% | 3.09% | |
| Wells Fargo Bank | -0.02% | 1.03% | |
| loanDepot | -0.02% | 3.09% | |
| JPMorgan Chase Bank | -0.01% | 1.03% | |
| Service First Mortgage | -0.01% | 1.55% | |
| Independent Bank Texas | -0.01% | 0.52% | |
| Caliber Home Loans | 0.00% | 6.70% | |
| Cardinal Financial Company | 0.00% | 2.58% | |
| HomeServices Lending | 0.01% | 2.06% | |
| Town Square Mortgage | 0.01% | 1.55% | |
| Quicken Loans | 0.01% | 7.22% | |
| Mr. Cooper | 0.02% | 1.55% | |
| Guild Mortgage Company | 0.11% | 21.13% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.08% | 16.11% | |
| Certainty Home Loans | -0.06% | 8.05% | |
| Gateway First Bank | -0.05% | 7.38% | |
| First United Bank | -0.04% | 9.40% | |
| PrimeLending | -0.04% | 2.68% | |
| Supreme Lending | -0.04% | 2.01% | |
| Premier Nationwide Lending | -0.04% | 1.34% | |
| Fairway Independent Mortgage Corporation | -0.03% | 5.37% | |
| loanDepot | -0.03% | 2.01% | |
| Wells Fargo Bank | -0.02% | 1.34% | |
| JPMorgan Chase Bank | -0.01% | 1.34% | |
| Service First Mortgage | -0.01% | 1.34% | |
| Cardinal Financial Company | 0.00% | 2.01% | |
| Caliber Home Loans | 0.00% | 8.05% | |
| Quicken Loans | 0.01% | 6.71% | |
| HomeServices Lending | 0.01% | 2.68% | |
| Town Square Mortgage | 0.01% | 2.01% | |
| Mr. Cooper | 0.02% | 2.01% | |
| Guild Mortgage Company | 0.16% | 18.12% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.02% | 15.56% | |
| First United Bank | -0.02% | 6.67% | |
| Caliber Home Loans | -0.02% | 2.22% | |
| Gateway First Bank | -0.02% | 2.22% | |
| Service First Mortgage | -0.01% | 2.22% | |
| Independent Bank Texas | -0.01% | 2.22% | |
| Fairway Independent Mortgage Corporation | -0.01% | 4.44% | |
| loanDepot | -0.00% | 6.67% | |
| Supreme Lending | -0.00% | 4.44% | |
| Cardinal Financial Company | 0.00% | 4.44% | |
| Certainty Home Loans | 0.01% | 4.44% | |
| PrimeLending | 0.01% | 4.44% | |
| Guild Mortgage Company | 0.01% | 31.11% | |
| Quicken Loans | 0.03% | 8.89% |
* Data is compiled for the Sherman, TX commuting zone area, which comprises of counties of Bryan County, OK, Fannin County, TX, and Grayson County, TX. This includes cities/towns/communities of Sherman, TX as well as Denison, TX, Collinsville, TX, Durant, OK, Van Alstyne, TX, Bonham, TX, Preston, TX, Whitesboro, TX, Howe, TX, Trenton, TX, Silo, OK, Tom Bean, TX, Bells, TX, Pottsboro, TX, Leonard, TX, Calera, OK, Sherwood Shores, TX, Colbert, OK, Savoy, TX, Whitewright, TX, Ravenna, TX, Caddo, OK, Ladonia, TX, Honey Grove, TX, Bennington, OK, and Achille, OK. 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 Sherman, TX area. For mortgage lender rankings in other cities, click here.