Which mortgage lender in the San Antonio, 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 San Antonio, TX 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 San Antonio, TX area in terms of interest rate is Security Service Federal Credit Union, with an average “Rate Difference” of -0.42%. This means that, comparing similar borrowers, Security Service Federal Credit Union provided a -0.42% lower interest rate for its customers than other lenders in the area. Security Service Federal Credit Union has a market share of 4.2%. On the other hand, the most popular lender in the San Antonio, TX area is RBFCU, with a larger market share of 5.9%. RBFCU is also a relatively cheap lender, with a “Rate Difference” of -0.17% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the San Antonio, 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, Security Service Federal Credit Union is the cheapest mortgage provider for Conventional and Jumbo mortgages in San Antonio, TX. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Domain Mortgage. The cheapest VA mortgage provider is Navy Federal Credit Union. 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 San Antonio, TX
* Data is compiled for the San Antonio, TX commuting zone area, which comprises of counties of Atascosa County, TX, Bandera County, TX, Bexar County, TX, Comal County, TX, Guadalupe County, TX, Kendall County, TX, Medina County, TX, and Wilson County, TX. This includes cities/towns/communities of San Antonio, TX as well as New Braunfels, TX, Schertz, TX, Canyon Lake, TX, Boerne, TX, Timberwood Park, TX, Bulverde, TX, New Braunfels, TX, Converse, TX, Helotes, TX, Fair Oaks Ranch, TX, Cibolo, TX, Seguin, TX, Universal City, TX, Schertz, TX, Scenic Oaks, TX, Castroville, TX, China Grove, TX, Floresville, TX, Live Oak, TX, Lake Dunlap, TX, Cross Mountain, TX, Pleasanton, TX, Windcrest, TX, Garden Ridge, TX, Grey Forest, TX, Bandera, TX, La Vernia, TX, Alamo Heights, TX, Selma, TX, Lakehills, TX, Kingsbury, TX, Terrell Hills, TX, St. Hedwig, TX, Hondo, TX, Leon Valley, TX, LaCoste, TX, Lytle, TX, Kirby, TX, Comfort, TX, Devine, TX, Castle Hills, TX, New Berlin, TX, Natalia, TX, Geronimo, TX, Zuehl, TX, Von Ormy, TX, Jourdanton, TX, Shavano Park, TX, Lytle, TX, and McQueeney, TX. 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 San Antonio, TX area. For mortgage lender rankings in other cities, click here.