Which mortgage lender in the Fort Smith, AR 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 Fort Smith, AR 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 Fort Smith, AR area in terms of interest rate is Armstrong Bank, with an average “Rate Difference” of -0.10%. This means that, comparing similar borrowers, Armstrong Bank provided a -0.10% lower interest rate for its customers than other lenders in the area. Armstrong Bank has a market share of 5.4%. On the other hand, the most popular lender in the Fort Smith, AR area is Arvest Bank, with a larger market share of 22.4%. Arvest Bank 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 Fort Smith, AR 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 Fort Smith, AR is First National Bank of Fort Smith. 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 United Federal Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Armstrong Bank. The cheapest VA mortgage provider is also Armstrong 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 Fort Smith, AR
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Armstrong Bank | -0.10% | 5.41% | |
| First National Bank of Fort Smith | -0.09% | 3.94% | |
| Arvest Bank | -0.05% | 22.43% | |
| First Western Bank | -0.05% | 3.02% | |
| Gateway First Bank | -0.02% | 4.25% | |
| BancorpSouth Bank | -0.02% | 8.07% | |
| United Federal Credit Union | -0.01% | 6.28% | |
| US Bank | 0.00% | 1.91% | |
| Centennial Bank | 0.01% | 1.23% | |
| Wells Fargo Bank | 0.02% | 1.23% | |
| Firstar Bank | 0.02% | 11.73% | |
| First Financial Bank AR & MS | 0.02% | 5.81% | |
| USAA | 0.03% | 1.99% | |
| Regions Bank | 0.03% | 3.70% | |
| SWBC Mortgage | 0.04% | 2.74% | |
| loanDepot | 0.04% | 1.51% | |
| Simmons Bank | 0.04% | 2.35% | |
| Quicken Loans | 0.13% | 10.10% | |
| Fairway Independent Mortgage Corporation | 0.17% | 2.31% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Armstrong Bank | -0.13% | 6.21% | |
| First National Bank of Fort Smith | -0.09% | 4.12% | |
| First Western Bank | -0.04% | 3.41% | |
| US Bank | -0.03% | 1.67% | |
| Arvest Bank | -0.02% | 20.25% | |
| BancorpSouth Bank | -0.02% | 9.74% | |
| Gateway First Bank | -0.02% | 5.20% | |
| Regions Bank | -0.01% | 4.54% | |
| Wells Fargo Bank | -0.00% | 1.31% | |
| Centennial Bank | 0.01% | 1.61% | |
| Simmons Bank | 0.01% | 2.45% | |
| USAA | 0.02% | 2.57% | |
| loanDepot | 0.03% | 0.42% | |
| First Financial Bank AR & MS | 0.03% | 7.59% | |
| Firstar Bank | 0.03% | 12.25% | |
| SWBC Mortgage | 0.03% | 3.88% | |
| United Federal Credit Union | 0.06% | 5.44% | |
| Quicken Loans | 0.14% | 4.00% | |
| Fairway Independent Mortgage Corporation | 0.17% | 3.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.09% | 26.75% | |
| United Federal Credit Union | -0.09% | 7.97% | |
| First National Bank of Fort Smith | -0.08% | 3.57% | |
| First Western Bank | -0.05% | 2.26% | |
| First Financial Bank AR & MS | -0.03% | 2.26% | |
| Gateway First Bank | -0.02% | 2.38% | |
| Firstar Bank | -0.01% | 10.70% | |
| BancorpSouth Bank | -0.00% | 4.76% | |
| Armstrong Bank | 0.01% | 3.80% | |
| Centennial Bank | 0.02% | 0.48% | |
| USAA | 0.02% | 0.83% | |
| SWBC Mortgage | 0.04% | 0.48% | |
| US Bank | 0.04% | 2.38% | |
| Fairway Independent Mortgage Corporation | 0.04% | 0.24% | |
| loanDepot | 0.05% | 3.69% | |
| Wells Fargo Bank | 0.07% | 1.07% | |
| Simmons Bank | 0.11% | 2.14% | |
| Quicken Loans | 0.13% | 22.24% | |
| Regions Bank | 0.17% | 2.02% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First National Bank of Fort Smith | -0.08% | 6.06% | |
| Gateway First Bank | -0.08% | 3.92% | |
| First Western Bank | -0.05% | 2.82% | |
| Arvest Bank | -0.04% | 26.27% | |
| Armstrong Bank | -0.02% | 4.35% | |
| First Financial Bank AR & MS | -0.02% | 4.10% | |
| United Federal Credit Union | -0.01% | 8.45% | |
| BancorpSouth Bank | -0.00% | 9.74% | |
| Centennial Bank | -0.00% | 0.98% | |
| US Bank | 0.00% | 2.27% | |
| Firstar Bank | 0.01% | 10.17% | |
| Wells Fargo Bank | 0.02% | 1.71% | |
| SWBC Mortgage | 0.02% | 2.08% | |
| Regions Bank | 0.04% | 3.92% | |
| USAA | 0.04% | 0.92% | |
| Simmons Bank | 0.05% | 2.63% | |
| loanDepot | 0.07% | 0.86% | |
| Fairway Independent Mortgage Corporation | 0.10% | 0.55% | |
| Quicken Loans | 0.19% | 8.21% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gateway First Bank | -0.10% | 5.06% | |
| First National Bank of Fort Smith | -0.09% | 6.98% | |
| Armstrong Bank | -0.05% | 4.35% | |
| First Western Bank | -0.04% | 2.94% | |
| US Bank | -0.04% | 2.02% | |
| First Financial Bank AR & MS | -0.02% | 5.47% | |
| Regions Bank | -0.01% | 4.76% | |
| Centennial Bank | -0.01% | 1.32% | |
| BancorpSouth Bank | -0.01% | 12.85% | |
| Wells Fargo Bank | -0.00% | 2.02% | |
| loanDepot | -0.00% | 0.30% | |
| Simmons Bank | 0.00% | 2.73% | |
| Arvest Bank | 0.01% | 23.38% | |
| SWBC Mortgage | 0.02% | 3.14% | |
| Firstar Bank | 0.03% | 9.51% | |
| USAA | 0.04% | 1.21% | |
| United Federal Credit Union | 0.06% | 7.29% | |
| Fairway Independent Mortgage Corporation | 0.10% | 0.91% | |
| Quicken Loans | 0.16% | 3.74% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.09% | 30.70% | |
| United Federal Credit Union | -0.09% | 10.23% | |
| First National Bank of Fort Smith | -0.07% | 4.65% | |
| First Western Bank | -0.05% | 2.64% | |
| First Financial Bank AR & MS | -0.03% | 2.02% | |
| Gateway First Bank | -0.02% | 2.17% | |
| Firstar Bank | -0.02% | 11.16% | |
| BancorpSouth Bank | -0.00% | 4.96% | |
| Armstrong Bank | 0.02% | 4.34% | |
| Centennial Bank | 0.02% | 0.47% | |
| USAA | 0.03% | 0.47% | |
| SWBC Mortgage | 0.05% | 0.47% | |
| US Bank | 0.05% | 2.64% | |
| Wells Fargo Bank | 0.07% | 1.24% | |
| loanDepot | 0.10% | 1.71% | |
| Simmons Bank | 0.13% | 2.48% | |
| Regions Bank | 0.17% | 2.64% | |
| Quicken Loans | 0.21% | 15.04% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Armstrong Bank | -0.20% | 9.20% | |
| Arvest Bank | -0.12% | 13.37% | |
| BancorpSouth Bank | -0.08% | 6.08% | |
| First Western Bank | -0.05% | 4.69% | |
| SWBC Mortgage | -0.02% | 2.95% | |
| Regions Bank | -0.01% | 2.95% | |
| US Bank | 0.01% | 0.35% | |
| Centennial Bank | 0.03% | 1.91% | |
| Simmons Bank | 0.03% | 1.91% | |
| Firstar Bank | 0.04% | 16.84% | |
| Quicken Loans | 0.04% | 14.06% | |
| loanDepot | 0.06% | 1.39% | |
| First Financial Bank AR & MS | 0.07% | 10.76% | |
| United Federal Credit Union | 0.07% | 2.78% | |
| Gateway First Bank | 0.12% | 4.86% | |
| Fairway Independent Mortgage Corporation | 0.20% | 5.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Armstrong Bank | -0.21% | 10.32% | |
| Arvest Bank | -0.12% | 14.53% | |
| BancorpSouth Bank | -0.10% | 6.32% | |
| First Western Bank | -0.05% | 5.26% | |
| SWBC Mortgage | -0.02% | 3.37% | |
| Regions Bank | -0.01% | 3.58% | |
| US Bank | 0.02% | 0.42% | |
| Centennial Bank | 0.03% | 2.11% | |
| Simmons Bank | 0.04% | 2.11% | |
| Firstar Bank | 0.04% | 18.32% | |
| First Financial Bank AR & MS | 0.08% | 12.84% | |
| United Federal Credit Union | 0.08% | 3.37% | |
| Gateway First Bank | 0.12% | 5.68% | |
| Quicken Loans | 0.14% | 5.05% | |
| Fairway Independent Mortgage Corporation | 0.21% | 6.74% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Armstrong Bank | -0.05% | 3.96% | |
| Arvest Bank | -0.04% | 7.92% | |
| Simmons Bank | -0.01% | 0.99% | |
| Quicken Loans | -0.00% | 56.44% | |
| First Western Bank | 0.00% | 1.98% | |
| BancorpSouth Bank | 0.00% | 4.95% | |
| Centennial Bank | 0.01% | 0.99% | |
| First Financial Bank AR & MS | 0.01% | 0.99% | |
| SWBC Mortgage | 0.01% | 0.99% | |
| Firstar Bank | 0.01% | 9.90% | |
| Gateway First Bank | 0.01% | 0.99% | |
| Fairway Independent Mortgage Corporation | 0.03% | 1.98% | |
| loanDepot | 0.05% | 7.92% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| United Federal Credit Union | -0.01% | 9.09% | |
| US Bank | -0.01% | 36.36% | |
| Simmons Bank | 0.00% | 9.09% | |
| Regions Bank | 0.00% | 27.27% | |
| Firstar Bank | 0.01% | 18.18% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Simmons Bank | -0.00% | 20.00% | |
| US Bank | -0.00% | 20.00% | |
| Regions Bank | 0.00% | 60.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| United Federal Credit Union | -0.01% | 16.67% | |
| US Bank | -0.01% | 50.00% | |
| Firstar Bank | 0.02% | 33.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Armstrong Bank | -0.09% | 4.07% | |
| Arvest Bank | -0.07% | 19.66% | |
| Gateway First Bank | -0.03% | 5.08% | |
| First Financial Bank AR & MS | -0.02% | 5.76% | |
| First Western Bank | -0.01% | 1.02% | |
| Wells Fargo Bank | -0.01% | 1.02% | |
| loanDepot | -0.01% | 5.42% | |
| Firstar Bank | -0.01% | 10.17% | |
| Centennial Bank | -0.00% | 1.36% | |
| US Bank | 0.00% | 1.69% | |
| USAA | 0.00% | 11.86% | |
| Simmons Bank | 0.01% | 1.36% | |
| BancorpSouth Bank | 0.01% | 3.05% | |
| United Federal Credit Union | 0.01% | 1.02% | |
| Regions Bank | 0.03% | 3.05% | |
| Quicken Loans | 0.06% | 13.22% | |
| SWBC Mortgage | 0.10% | 6.10% | |
| Fairway Independent Mortgage Corporation | 0.12% | 5.08% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Armstrong Bank | -0.09% | 5.83% | |
| Arvest Bank | -0.07% | 18.93% | |
| Gateway First Bank | -0.03% | 4.85% | |
| Wells Fargo Bank | -0.03% | 0.97% | |
| First Western Bank | -0.01% | 1.46% | |
| Firstar Bank | -0.01% | 11.65% | |
| Centennial Bank | -0.00% | 1.94% | |
| First Financial Bank AR & MS | -0.00% | 5.83% | |
| US Bank | 0.00% | 2.43% | |
| USAA | 0.01% | 15.05% | |
| United Federal Credit Union | 0.01% | 1.46% | |
| Simmons Bank | 0.01% | 1.46% | |
| Quicken Loans | 0.02% | 2.91% | |
| BancorpSouth Bank | 0.02% | 2.91% | |
| Regions Bank | 0.03% | 4.37% | |
| loanDepot | 0.04% | 1.94% | |
| SWBC Mortgage | 0.10% | 8.74% | |
| Fairway Independent Mortgage Corporation | 0.12% | 7.28% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.09% | 21.35% | |
| First Financial Bank AR & MS | -0.06% | 5.62% | |
| Gateway First Bank | -0.04% | 5.62% | |
| loanDepot | -0.03% | 13.48% | |
| Simmons Bank | -0.01% | 1.12% | |
| BancorpSouth Bank | -0.01% | 3.37% | |
| USAA | -0.00% | 4.49% | |
| Firstar Bank | 0.01% | 6.74% | |
| Wells Fargo Bank | 0.02% | 1.12% | |
| Quicken Loans | 0.07% | 37.08% |
* Data is compiled for the Fort Smith, AR commuting zone area, which comprises of counties of Crawford County, AR, Franklin County, AR, Logan County, AR, Scott County, AR, Sebastian County, AR, and Sequoyah County, OK. This includes cities/towns/communities of Fort Smith, AR as well as Van Buren, AR, Barling, AR, Central City, AR, Rudy, AR, Huntington, AR, Roland, OK, Hackett, AR, Sallisaw, OK, Muldrow, OK, Branch, AR, Altus, AR, Greenwood, AR, Dyer, AR, Mansfield, AR, Mountainburg, AR, Cedarville, AR, Vian, OK, Kibler, AR, Waldron, AR, Brushy, OK, Brent, OK, Morrison Bluff, AR, Evening Shade, OK, Ozark, AR, Booneville, AR, Magazine, AR, Paris, AR, Subiaco, AR, and Blue Mountain, AR. 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.
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