Which mortgage lender in the Baton Rouge, LA 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 Baton Rouge, LA 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 Baton Rouge, LA area in terms of interest rate is DSLD Mortgage, with an average “Rate Difference” of -0.22%. This means that, comparing similar borrowers, DSLD Mortgage provided a -0.22% lower interest rate for its customers than other lenders in the area. DSLD Mortgage has a market share of 3.3%. On the other hand, the most popular lender in the Baton Rouge, LA area is GMFS Mortgage, with a larger market share of 19.9%. GMFS Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.06% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Baton Rouge, LA 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 Baton Rouge, LA is Home Point Financial Corporation. 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 JPMorgan Chase Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is DSLD Mortgage. The cheapest VA mortgage provider is also DSLD 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 Baton Rouge, LA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| JPMorgan Chase Bank | -0.03% | 15.56% | |
| Bank of America | -0.03% | 6.11% | |
| Regions Bank | -0.02% | 17.22% | |
| Hancock Whitney Bank | -0.01% | 8.33% | |
| Caliber Home Loans | -0.01% | 1.11% | |
| SWBC Mortgage | -0.01% | 0.56% | |
| Neighbors Federal Credit Union | 0.00% | 0.56% | |
| Movement Mortgage | 0.00% | 1.11% | |
| Quicken Loans | 0.00% | 1.11% | |
| Wells Fargo Bank | 0.00% | 5.56% | |
| IBERIABANK | 0.01% | 5.56% | |
| Standard Mortgage | 0.01% | 0.56% | |
| Gulf Coast Bank & Trust | 0.01% | 0.56% | |
| loanDepot | 0.01% | 0.56% | |
| The Mortgage Connection | 0.02% | 1.11% | |
| Flagstar Bank | 0.02% | 1.11% | |
| GMFS Mortgage | 0.02% | 1.67% | |
| Red River Bank | 0.02% | 6.11% | |
| BancorpSouth Bank | 0.02% | 0.56% | |
| Navy Federal Credit Union | 0.03% | 0.56% | |
| Home Point Financial Corporation | 0.03% | 0.56% | |
| Assurance Financial | 0.03% | 10.56% | |
| INVESTAR Bank | 0.03% | 4.44% | |
| HomeBridge Financial Services | 0.04% | 1.11% | |
| Angel Oak Home Loans | 0.04% | 7.78% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| JPMorgan Chase Bank | -0.04% | 17.71% | |
| Regions Bank | -0.03% | 20.83% | |
| Bank of America | -0.02% | 3.12% | |
| Hancock Whitney Bank | -0.01% | 4.17% | |
| Caliber Home Loans | -0.00% | 2.08% | |
| SWBC Mortgage | -0.00% | 1.04% | |
| Wells Fargo Bank | 0.00% | 7.29% | |
| Quicken Loans | 0.00% | 1.04% | |
| IBERIABANK | 0.01% | 4.17% | |
| Assurance Financial | 0.01% | 7.29% | |
| Standard Mortgage | 0.01% | 1.04% | |
| Gulf Coast Bank & Trust | 0.02% | 1.04% | |
| loanDepot | 0.02% | 1.04% | |
| Flagstar Bank | 0.02% | 2.08% | |
| The Mortgage Connection | 0.02% | 1.04% | |
| BancorpSouth Bank | 0.03% | 1.04% | |
| Navy Federal Credit Union | 0.03% | 1.04% | |
| GMFS Mortgage | 0.04% | 1.04% | |
| HomeBridge Financial Services | 0.04% | 2.08% | |
| INVESTAR Bank | 0.04% | 7.29% | |
| Red River Bank | 0.05% | 5.21% | |
| Angel Oak Home Loans | 0.06% | 7.29% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bank of America | -0.04% | 9.52% | |
| Hancock Whitney Bank | -0.02% | 13.10% | |
| Regions Bank | -0.02% | 13.10% | |
| JPMorgan Chase Bank | -0.01% | 13.10% | |
| Neighbors Federal Credit Union | -0.00% | 1.19% | |
| Movement Mortgage | -0.00% | 2.38% | |
| Quicken Loans | -0.00% | 1.19% | |
| Red River Bank | -0.00% | 7.14% | |
| GMFS Mortgage | 0.00% | 2.38% | |
| IBERIABANK | 0.01% | 7.14% | |
| INVESTAR Bank | 0.01% | 1.19% | |
| The Mortgage Connection | 0.01% | 1.19% | |
| Angel Oak Home Loans | 0.02% | 8.33% | |
| Wells Fargo Bank | 0.02% | 3.57% | |
| Home Point Financial Corporation | 0.03% | 1.19% | |
| Assurance Financial | 0.04% | 14.29% |
* Data is compiled for the Baton Rouge, LA commuting zone area, which comprises of counties of Ascension Parish, LA, East Baton Rouge Parish, LA, East Feliciana Parish, LA, Iberville Parish, LA, Livingston Parish, LA, Pointe Coupee Parish, LA, St. Helena Parish, LA, St. James Parish, LA, Tangipahoa Parish, LA, West Baton Rouge Parish, LA, and West Feliciana Parish, LA. This includes cities/towns/communities of Baton Rouge, LA as well as Prairieville, LA, Gonzales, LA, Hammond, LA, Walker, LA, Ponchatoula, LA, Zachary, LA, Central, LA, Watson, LA, Shenandoah, LA, Old Jefferson, LA, Denham Springs, LA, Brusly, LA, Port Vincent, LA, Village St. George, LA, Livingston, LA, Oak Hills Place, LA, Baker, LA, Sorrento, LA, Albany, LA, Tickfaw, LA, Inniswold, LA, Killian, LA, St. Francisville, LA, Springfield, LA, Gardere, LA, St. Gabriel, LA, Erwinville, LA, Slaughter, LA, Greensburg, LA, Monticello, LA, Morganza, LA, Westminster, LA, Lutcher, LA, Plaquemine, LA, Grosse Tete, LA, New Roads, LA, Port Allen, LA, Clinton, LA, Fordoche, LA, Wilson, LA, Merrydale, LA, Ventress, LA, Brownfields, LA, Crescent, LA, Gramercy, LA, Amite City, LA, South Vacherie, LA, Lemannville, LA, Tangipahoa, LA, and Independence, LA. 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 Baton Rouge, LA area. For mortgage lender rankings in other cities, click here.