Which mortgage lender in the Texarkana, 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 Texarkana, TX 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 Texarkana, TX area in terms of interest rate is State Bank of Dekalb, with an average “Rate Difference” of -0.09%. This means that, comparing similar borrowers, State Bank of Dekalb provided a -0.09% lower interest rate for its customers than other lenders in the area. State Bank of Dekalb has a market share of 14.5%. On the other hand, the most popular lender in the Texarkana, TX area is Mortgage Financial Services Baton Rouge, with a larger market share of 17.9%. Mortgage Financial Services Baton Rouge is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.03% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Texarkana, 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, going by historical data, the cheapest lender for Conventional mortgages in Texarkana, TX is State Bank of Dekalb. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is State Bank of Dekalb. The cheapest VA mortgage provider is also State Bank of Dekalb. 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 Texarkana, TX
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.09% | 14.49% | |
| BancorpSouth Bank | -0.03% | 4.39% | |
| Arvest Bank | -0.02% | 3.73% | |
| SWBC Mortgage | -0.01% | 6.26% | |
| Farmers Bank & Trust Company | -0.01% | 14.93% | |
| Guaranty Bank & Trust | -0.00% | 3.40% | |
| Gateway First Bank | 0.00% | 5.38% | |
| Regions Bank | 0.03% | 4.72% | |
| Waterstone Mortgage Corporation | 0.03% | 3.40% | |
| Mortgage Financial Services Baton Rouge | 0.03% | 17.89% | |
| Quicken Loans | 0.04% | 17.67% | |
| Wells Fargo Bank | 0.05% | 3.73% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.09% | 16.93% | |
| BancorpSouth Bank | -0.04% | 4.70% | |
| Arvest Bank | -0.03% | 3.45% | |
| SWBC Mortgage | -0.01% | 8.46% | |
| Farmers Bank & Trust Company | -0.00% | 12.70% | |
| Guaranty Bank & Trust | 0.01% | 3.29% | |
| Gateway First Bank | 0.01% | 6.58% | |
| Regions Bank | 0.02% | 3.76% | |
| Waterstone Mortgage Corporation | 0.03% | 4.39% | |
| Mortgage Financial Services Baton Rouge | 0.04% | 23.20% | |
| Wells Fargo Bank | 0.06% | 3.61% | |
| Quicken Loans | 0.06% | 8.93% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.05% | 8.79% | |
| Farmers Bank & Trust Company | -0.03% | 20.15% | |
| Arvest Bank | -0.02% | 4.40% | |
| Guaranty Bank & Trust | -0.01% | 3.66% | |
| BancorpSouth Bank | -0.01% | 3.66% | |
| Gateway First Bank | -0.01% | 2.56% | |
| Mortgage Financial Services Baton Rouge | -0.01% | 5.49% | |
| SWBC Mortgage | 0.01% | 1.10% | |
| Waterstone Mortgage Corporation | 0.02% | 1.10% | |
| Quicken Loans | 0.03% | 38.10% | |
| Regions Bank | 0.04% | 6.96% | |
| Wells Fargo Bank | 0.05% | 4.03% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.07% | 14.71% | |
| BancorpSouth Bank | -0.03% | 6.06% | |
| SWBC Mortgage | -0.03% | 5.88% | |
| Arvest Bank | -0.02% | 4.67% | |
| Guaranty Bank & Trust | -0.01% | 4.33% | |
| Gateway First Bank | -0.00% | 3.63% | |
| Mortgage Financial Services Baton Rouge | 0.00% | 12.80% | |
| Farmers Bank & Trust Company | 0.00% | 16.26% | |
| Waterstone Mortgage Corporation | 0.02% | 2.94% | |
| Regions Bank | 0.03% | 7.09% | |
| Quicken Loans | 0.05% | 16.44% | |
| Wells Fargo Bank | 0.06% | 5.19% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.07% | 17.45% | |
| BancorpSouth Bank | -0.04% | 7.20% | |
| SWBC Mortgage | -0.03% | 8.59% | |
| Arvest Bank | -0.03% | 4.71% | |
| Gateway First Bank | 0.00% | 3.88% | |
| Guaranty Bank & Trust | 0.00% | 4.43% | |
| Mortgage Financial Services Baton Rouge | 0.01% | 16.62% | |
| Waterstone Mortgage Corporation | 0.02% | 3.88% | |
| Regions Bank | 0.03% | 6.09% | |
| Farmers Bank & Trust Company | 0.04% | 12.47% | |
| Quicken Loans | 0.07% | 9.42% | |
| Wells Fargo Bank | 0.07% | 5.26% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.06% | 10.14% | |
| Farmers Bank & Trust Company | -0.04% | 22.58% | |
| Arvest Bank | -0.02% | 4.61% | |
| Guaranty Bank & Trust | -0.02% | 4.15% | |
| BancorpSouth Bank | -0.02% | 4.15% | |
| Gateway First Bank | -0.01% | 3.23% | |
| Mortgage Financial Services Baton Rouge | -0.01% | 6.45% | |
| SWBC Mortgage | 0.01% | 1.38% | |
| Waterstone Mortgage Corporation | 0.02% | 1.38% | |
| Regions Bank | 0.04% | 8.76% | |
| Quicken Loans | 0.04% | 28.11% | |
| Wells Fargo Bank | 0.05% | 5.07% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.13% | 14.68% | |
| Farmers Bank & Trust Company | -0.06% | 11.90% | |
| BancorpSouth Bank | -0.02% | 1.98% | |
| Arvest Bank | -0.01% | 2.78% | |
| Regions Bank | 0.00% | 0.79% | |
| Gateway First Bank | 0.02% | 9.92% | |
| SWBC Mortgage | 0.02% | 7.54% | |
| Guaranty Bank & Trust | 0.02% | 1.59% | |
| Quicken Loans | 0.02% | 18.25% | |
| Waterstone Mortgage Corporation | 0.05% | 3.97% | |
| Mortgage Financial Services Baton Rouge | 0.06% | 26.59% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.13% | 17.21% | |
| Farmers Bank & Trust Company | -0.06% | 13.02% | |
| BancorpSouth Bank | -0.03% | 1.86% | |
| Arvest Bank | -0.02% | 2.33% | |
| Regions Bank | 0.01% | 0.93% | |
| Gateway First Bank | 0.02% | 11.63% | |
| SWBC Mortgage | 0.02% | 8.84% | |
| Guaranty Bank & Trust | 0.02% | 1.86% | |
| Waterstone Mortgage Corporation | 0.05% | 4.65% | |
| Quicken Loans | 0.06% | 6.98% | |
| Mortgage Financial Services Baton Rouge | 0.06% | 30.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.00% | 83.78% | |
| Mortgage Financial Services Baton Rouge | 0.01% | 2.70% | |
| BancorpSouth Bank | 0.01% | 2.70% | |
| Arvest Bank | 0.02% | 5.41% | |
| Farmers Bank & Trust Company | 0.02% | 5.41% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 50.00% | |
| Quicken Loans | 0.02% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 50.00% | |
| Quicken Loans | 0.02% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.07% | 12.66% | |
| Wells Fargo Bank | -0.03% | 3.80% | |
| Farmers Bank & Trust Company | -0.03% | 15.19% | |
| SWBC Mortgage | -0.02% | 5.06% | |
| Guaranty Bank & Trust | 0.00% | 2.53% | |
| Gateway First Bank | 0.01% | 3.80% | |
| Quicken Loans | 0.01% | 24.05% | |
| Waterstone Mortgage Corporation | 0.02% | 5.06% | |
| Mortgage Financial Services Baton Rouge | 0.04% | 27.85% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.08% | 13.33% | |
| Wells Fargo Bank | -0.03% | 5.00% | |
| Farmers Bank & Trust Company | -0.03% | 13.33% | |
| SWBC Mortgage | -0.02% | 6.67% | |
| Guaranty Bank & Trust | -0.00% | 1.67% | |
| Gateway First Bank | 0.00% | 5.00% | |
| Quicken Loans | 0.01% | 11.67% | |
| Waterstone Mortgage Corporation | 0.02% | 6.67% | |
| Mortgage Financial Services Baton Rouge | 0.04% | 36.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank of Dekalb | -0.03% | 10.53% | |
| Farmers Bank & Trust Company | -0.01% | 21.05% | |
| Guaranty Bank & Trust | 0.01% | 5.26% | |
| Quicken Loans | 0.01% | 63.16% |
* Data is compiled for the Texarkana, TX commuting zone area, which comprises of counties of Little River County, AR, Miller County, AR, Sevier County, AR, McCurtain County, OK, and Bowie County, TX. This includes cities/towns/communities of Texarkana, TX as well as Texarkana, AR, Eagletown, OK, New Boston, TX, Wake Village, TX, Redwater, TX, De Queen, AR, Fouke, AR, Broken Bow, OK, Hooks, TX, Ogden, AR, Idabel, OK, Gillham, AR, Smithville, OK, De Kalb, TX, Wilton, AR, Lockesburg, AR, Foreman, AR, Maud, TX, Valliant, OK, Ashdown, AR, Haworth, OK, and Wright City, OK. 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 Texarkana, TX area. For mortgage lender rankings in other cities, click here.