Top Mortgage Lenders in Alamogordo, NM

Which mortgage lender in the Alamogordo, NM 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 Alamogordo, NM 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 Alamogordo, NM area in terms of interest rate is First Community Mortgage, with an average “Rate Difference” of -0.13%. This means that, comparing similar borrowers, First Community Mortgage provided a -0.13% lower interest rate for its customers than other lenders in the area. First Community Mortgage has a market share of 6.9%. On the other hand, the most popular lender in the Alamogordo, NM area is Homeowners Financial Group, with a larger market share of 21.9%. Homeowners Financial Group is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.04% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Alamogordo, NM 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 Alamogordo, NM is Gateway First 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 Homeowners Financial Group. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Community Mortgage. The cheapest VA mortgage provider is also First Community Mortgage. 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 Alamogordo, NM

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
First Community Mortgage-0.13%(4.0)6.94%
Gateway First Bank-0.07%(4.0)10.55%
Wells Fargo Bank-0.06%(4.0)6.01%
USAA-0.02%(3.5)8.68%
City Bank-0.01%(3.5)8.41%
Stearns Home Loans0.01%(3.5)4.81%
Flagstar Bank0.03%(3.5)15.62%
Quicken Loans0.04%(3.5)11.88%
Homeowners Financial Group0.04%(3.5)21.90%
Bank 340.07%(3.0)5.21%
Lender NameRate DifferenceRate RatingMarket Share
First Community Mortgage-0.14%(4.0)7.61%
Gateway First Bank-0.07%(4.0)11.09%
Wells Fargo Bank-0.07%(4.0)5.86%
City Bank-0.02%(3.5)7.61%
USAA-0.01%(3.5)8.87%
Stearns Home Loans0.01%(3.5)5.39%
Homeowners Financial Group0.04%(3.5)25.20%
Flagstar Bank0.04%(3.5)16.01%
Quicken Loans0.05%(3.5)6.81%
Bank 340.08%(3.0)5.55%
Lender NameRate DifferenceRate RatingMarket Share
Flagstar Bank-0.03%(3.5)13.56%
USAA-0.02%(3.5)7.63%
Homeowners Financial Group-0.01%(3.5)4.24%
Gateway First Bank-0.01%(3.5)7.63%
Bank 34-0.01%(3.5)3.39%
City Bank-0.00%(3.5)12.71%
First Community Mortgage-0.00%(3.5)3.39%
Wells Fargo Bank0.00%(3.5)6.78%
Stearns Home Loans0.01%(3.5)1.69%
Quicken Loans0.02%(3.5)38.98%
Lender NameRate DifferenceRate RatingMarket Share
Gateway First Bank-0.14%(4.0)8.89%
Wells Fargo Bank-0.07%(4.0)8.65%
Homeowners Financial Group-0.03%(3.5)15.38%
USAA-0.02%(3.5)4.57%
First Community Mortgage-0.01%(3.5)2.64%
City Bank-0.01%(3.5)11.78%
Stearns Home Loans0.03%(3.5)5.29%
Quicken Loans0.05%(3.5)15.14%
Flagstar Bank0.05%(3.0)23.32%
Bank 340.06%(3.0)4.33%
Lender NameRate DifferenceRate RatingMarket Share
Gateway First Bank-0.16%(4.5)9.64%
Wells Fargo Bank-0.09%(4.0)8.43%
Homeowners Financial Group-0.02%(3.5)18.67%
USAA-0.02%(3.5)4.52%
City Bank-0.01%(3.5)11.45%
First Community Mortgage-0.00%(3.5)3.01%
Stearns Home Loans0.03%(3.5)6.33%
Quicken Loans0.05%(3.0)8.43%
Flagstar Bank0.07%(3.0)25.30%
Bank 340.08%(3.0)4.22%
Lender NameRate DifferenceRate RatingMarket Share
Flagstar Bank-0.04%(3.5)15.48%
USAA-0.03%(3.5)4.76%
Homeowners Financial Group-0.01%(3.5)2.38%
Gateway First Bank-0.01%(3.5)5.95%
Bank 34-0.01%(3.5)4.76%
City Bank-0.01%(3.5)13.10%
First Community Mortgage-0.00%(3.5)1.19%
Wells Fargo Bank0.00%(3.5)9.52%
Stearns Home Loans0.01%(3.5)1.19%
Quicken Loans0.02%(3.5)41.67%
Lender NameRate DifferenceRate RatingMarket Share
First Community Mortgage-0.09%(4.0)12.04%
Flagstar Bank-0.06%(4.0)12.96%
Quicken Loans-0.03%(3.5)8.33%
Stearns Home Loans-0.03%(3.5)8.33%
City Bank-0.02%(3.5)6.48%
Gateway First Bank0.00%(3.5)16.67%
Bank 340.07%(3.0)8.33%
Homeowners Financial Group0.07%(3.0)26.85%
Lender NameRate DifferenceRate RatingMarket Share
First Community Mortgage-0.10%(4.0)11.58%
Flagstar Bank-0.07%(4.0)13.68%
Quicken Loans-0.05%(3.5)3.16%
Stearns Home Loans-0.03%(3.5)9.47%
City Bank-0.02%(3.5)5.26%
Gateway First Bank-0.00%(3.5)17.89%
Bank 340.06%(3.0)9.47%
Homeowners Financial Group0.07%(3.0)29.47%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.01%(3.5)46.15%
First Community Mortgage-0.00%(3.5)15.38%
City Bank-0.00%(3.5)15.38%
Homeowners Financial Group0.00%(3.5)7.69%
Flagstar Bank0.01%(3.5)7.69%
Gateway First Bank0.04%(3.5)7.69%
Lender NameRate DifferenceRate RatingMarket Share
Homeowners Financial Group-0.00%(3.5)33.33%
City Bank0.00%(3.5)33.33%
Flagstar Bank0.00%(3.5)33.33%
Lender NameRate DifferenceRate RatingMarket Share
Homeowners Financial Group-0.00%(3.5)50.00%
City Bank0.00%(3.5)50.00%
Lender NameRate DifferenceRate RatingMarket Share
Flagstar Bank0.00%(3.5)100.00%
Lender NameRate DifferenceRate RatingMarket Share
First Community Mortgage-0.21%(4.5)12.61%
USAA-0.02%(3.5)20.72%
Gateway First Bank-0.02%(3.5)10.81%
City Bank0.00%(3.5)2.70%
Flagstar Bank0.00%(3.5)2.25%
Wells Fargo Bank0.01%(3.5)4.05%
Stearns Home Loans0.02%(3.5)2.25%
Quicken Loans0.06%(3.0)7.66%
Bank 340.07%(3.0)5.41%
Homeowners Financial Group0.08%(3.0)31.53%
Lender NameRate DifferenceRate RatingMarket Share
First Community Mortgage-0.22%(4.5)13.37%
USAA-0.02%(3.5)20.30%
Gateway First Bank-0.01%(3.5)10.40%
City Bank-0.00%(3.5)1.98%
Flagstar Bank0.00%(3.5)1.98%
Wells Fargo Bank0.01%(3.5)4.46%
Stearns Home Loans0.02%(3.5)1.98%
Bank 340.07%(3.0)5.94%
Homeowners Financial Group0.08%(3.0)33.66%
Quicken Loans0.08%(3.0)5.94%
Lender NameRate DifferenceRate RatingMarket Share
Gateway First Bank-0.02%(3.5)15.00%
USAA-0.02%(3.5)25.00%
Homeowners Financial Group-0.01%(3.5)10.00%
Flagstar Bank0.01%(3.5)5.00%
Stearns Home Loans0.01%(3.5)5.00%
City Bank0.01%(3.5)10.00%
First Community Mortgage0.01%(3.5)5.00%
Quicken Loans0.02%(3.5)25.00%

* Data is compiled for the Alamogordo, NM commuting zone area, which comprises of counties of Lincoln County, NM, and Otero County, NM. This includes cities/towns/communities of Alamogordo, NM as well as Ruidoso, NM, Ruidoso Downs, NM, Cloudcroft, NM, Tularosa, NM, Chaparral, NM, Capitan, NM, La Luz, NM, Boles Acres, NM, Carrizozo, NM, and Mescalero, NM. 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 Alamogordo, NM area. For mortgage lender rankings in other cities, click here.