Top Mortgage Lenders in Roswell, NM

Which mortgage lender in the Roswell, 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 Roswell, 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 Roswell, NM area in terms of interest rate is First American Bank New Mexico, with an average “Rate Difference” of -0.13%. This means that, comparing similar borrowers, First American Bank New Mexico provided a -0.13% lower interest rate for its customers than other lenders in the area. First American Bank New Mexico has a market share of 6.4%. On the other hand, the most popular lender in the Roswell, NM area is Quicken Loans, with a larger market share of 30.6%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.01% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Roswell, 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, First American Bank New Mexico is the cheapest mortgage provider for Conventional and Jumbo mortgages in Roswell, NM. 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 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 Roswell, NM

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico-0.13%(4.0)6.37%
Wells Fargo Bank-0.08%(4.0)10.46%
Pioneer Bank-0.04%(3.5)7.57%
MiMutual Mortgage-0.04%(3.5)4.48%
Waterstone Mortgage Corporation-0.02%(3.5)4.18%
USAA-0.00%(3.5)4.18%
CMG Financial0.00%(3.5)11.25%
Quicken Loans0.01%(3.5)30.58%
Gateway First Bank0.01%(3.5)6.57%
Homeowners Financial Group0.06%(3.0)3.29%
Stearns Home Loans0.11%(3.0)4.38%
AmCap Home Loans0.19%(2.5)6.67%
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico-0.13%(4.0)7.16%
Wells Fargo Bank-0.09%(4.0)12.03%
Pioneer Bank-0.06%(4.0)7.43%
MiMutual Mortgage-0.03%(3.5)5.54%
Waterstone Mortgage Corporation-0.01%(3.5)5.00%
Quicken Loans-0.01%(3.5)18.11%
USAA-0.00%(3.5)4.46%
CMG Financial0.01%(3.5)14.19%
Gateway First Bank0.01%(3.5)7.84%
Homeowners Financial Group0.07%(3.0)4.32%
Stearns Home Loans0.12%(3.0)5.54%
AmCap Home Loans0.21%(2.5)8.38%
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico-0.08%(4.0)4.17%
Pioneer Bank-0.01%(3.5)7.95%
Quicken Loans-0.00%(3.5)65.53%
USAA-0.00%(3.5)3.41%
Waterstone Mortgage Corporation0.01%(3.5)1.89%
CMG Financial0.02%(3.5)3.03%
Gateway First Bank0.03%(3.5)3.03%
MiMutual Mortgage0.03%(3.5)1.52%
Stearns Home Loans0.03%(3.5)1.14%
Homeowners Financial Group0.03%(3.5)0.38%
Wells Fargo Bank0.04%(3.5)6.06%
AmCap Home Loans0.06%(3.0)1.89%
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico-0.12%(4.0)9.04%
MiMutual Mortgage-0.09%(4.0)5.04%
Waterstone Mortgage Corporation-0.07%(4.0)3.13%
Wells Fargo Bank-0.06%(4.0)16.00%
Gateway First Bank-0.04%(3.5)5.57%
Pioneer Bank-0.03%(3.5)9.22%
Quicken Loans0.05%(3.0)33.74%
CMG Financial0.07%(3.0)7.13%
Homeowners Financial Group0.07%(3.0)2.43%
USAA0.07%(3.0)3.65%
AmCap Home Loans0.08%(3.0)3.30%
Stearns Home Loans0.18%(2.5)1.74%
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico-0.11%(4.0)11.05%
Waterstone Mortgage Corporation-0.07%(4.0)3.95%
MiMutual Mortgage-0.07%(4.0)7.11%
Wells Fargo Bank-0.06%(4.0)20.26%
Gateway First Bank-0.04%(3.5)6.58%
Pioneer Bank-0.04%(3.5)9.21%
Quicken Loans0.07%(3.0)18.68%
CMG Financial0.09%(3.0)9.21%
AmCap Home Loans0.10%(3.0)3.68%
Homeowners Financial Group0.10%(3.0)3.42%
USAA0.12%(3.0)4.21%
Stearns Home Loans0.21%(2.5)2.63%
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico-0.09%(4.0)5.13%
USAA-0.02%(3.5)2.56%
Pioneer Bank-0.02%(3.5)9.23%
Quicken Loans0.00%(3.5)63.08%
Waterstone Mortgage Corporation0.01%(3.5)1.54%
Gateway First Bank0.02%(3.5)3.59%
CMG Financial0.02%(3.5)3.08%
Homeowners Financial Group0.03%(3.5)0.51%
Wells Fargo Bank0.03%(3.5)7.69%
MiMutual Mortgage0.04%(3.5)1.03%
AmCap Home Loans0.05%(3.0)2.56%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.08%(4.0)27.41%
CMG Financial-0.08%(4.0)17.78%
First American Bank New Mexico-0.07%(4.0)3.21%
Pioneer Bank-0.04%(3.5)6.12%
Waterstone Mortgage Corporation0.01%(3.5)5.25%
Wells Fargo Bank0.03%(3.5)1.17%
Gateway First Bank0.04%(3.5)8.75%
Homeowners Financial Group0.04%(3.5)3.50%
Stearns Home Loans0.06%(3.0)9.04%
MiMutual Mortgage0.07%(3.0)4.66%
AmCap Home Loans0.21%(2.5)13.12%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.12%(4.0)17.83%
CMG Financial-0.09%(4.0)20.63%
First American Bank New Mexico-0.08%(4.0)3.50%
Pioneer Bank-0.06%(4.0)6.64%
Waterstone Mortgage Corporation0.00%(3.5)5.59%
Wells Fargo Bank0.02%(3.5)1.05%
Gateway First Bank0.03%(3.5)10.14%
Homeowners Financial Group0.04%(3.5)4.20%
Stearns Home Loans0.05%(3.0)9.79%
MiMutual Mortgage0.07%(3.0)4.90%
AmCap Home Loans0.20%(2.5)15.73%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.02%(3.5)75.44%
First American Bank New Mexico0.02%(3.5)1.75%
CMG Financial0.03%(3.5)3.51%
Waterstone Mortgage Corporation0.04%(3.5)3.51%
MiMutual Mortgage0.04%(3.5)3.51%
Pioneer Bank0.05%(3.0)3.51%
Stearns Home Loans0.06%(3.0)5.26%
Gateway First Bank0.07%(3.0)1.75%
Wells Fargo Bank0.07%(3.0)1.75%
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico0.00%(3.5)50.00%
Wells Fargo Bank0.00%(3.5)50.00%
Lender NameRate DifferenceRate RatingMarket Share
First American Bank New Mexico0.00%(3.5)50.00%
Wells Fargo Bank0.00%(3.5)50.00%
Insufficient data available.
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.08%(4.0)25.00%
Wells Fargo Bank-0.01%(3.5)9.52%
Waterstone Mortgage Corporation0.01%(3.5)7.14%
Homeowners Financial Group0.02%(3.5)8.33%
Pioneer Bank0.02%(3.5)2.38%
Quicken Loans0.03%(3.5)22.62%
Gateway First Bank0.03%(3.5)4.76%
Stearns Home Loans0.04%(3.5)3.57%
CMG Financial0.04%(3.5)13.10%
AmCap Home Loans0.10%(3.0)3.57%
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.10%(4.0)23.61%
Wells Fargo Bank-0.00%(3.5)11.11%
Waterstone Mortgage Corporation0.01%(3.5)8.33%
Homeowners Financial Group0.02%(3.5)9.72%
Pioneer Bank0.03%(3.5)1.39%
Gateway First Bank0.04%(3.5)5.56%
Quicken Loans0.04%(3.5)16.67%
Stearns Home Loans0.04%(3.5)4.17%
CMG Financial0.04%(3.5)15.28%
AmCap Home Loans0.10%(3.0)4.17%
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.00%(3.5)33.33%
Pioneer Bank-0.00%(3.5)8.33%
Quicken Loans0.00%(3.5)58.33%

* Data is compiled for the Roswell, NM commuting zone area, which comprises of counties of Chaves County, NM, and Eddy County, NM. This includes cities/towns/communities of Roswell, NM as well as Carlsbad, NM, Artesia, NM, Atoka, NM, Dexter, NM, Hagerman, NM, Loving, NM, and Midway, 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

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