Which mortgage lender in the Hot Springs, AR 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 Hot Springs, AR 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 Hot Springs, AR area in terms of interest rate is First Security Bank, with an average “Rate Difference” of -0.09%. This means that, comparing similar borrowers, First Security Bank provided a -0.09% lower interest rate for its customers than other lenders in the area. First Security Bank has a market share of 4.6%. On the other hand, the most popular lender in the Hot Springs, AR area is Quicken Loans, with a larger market share of 17.7%. Quicken Loans 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 Hot Springs, AR 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 Hot Springs, AR is First Security Bank. 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 US Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Arvest Bank. The cheapest VA mortgage provider is also Arvest Bank. 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 Hot Springs, AR
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Security Bank | -0.09% | 4.56% | |
| Arvest Bank | -0.07% | 12.30% | |
| JPMorgan Chase Bank | -0.05% | 2.47% | |
| First Community Mortgage | -0.04% | 4.25% | |
| Wells Fargo Bank | -0.03% | 3.17% | |
| GMFS Mortgage | -0.03% | 2.63% | |
| US Bank | -0.02% | 7.27% | |
| Bank of Little Rock | -0.01% | 4.10% | |
| SWBC Mortgage | -0.01% | 10.52% | |
| Simmons Bank | -0.01% | 7.97% | |
| USAA | 0.00% | 2.55% | |
| Regions Bank | 0.03% | 5.57% | |
| Benchmark | 0.03% | 10.83% | |
| Quicken Loans | 0.06% | 17.71% | |
| Primary Residential Mortgage Inc | 0.14% | 4.10% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Security Bank | -0.11% | 4.95% | |
| JPMorgan Chase Bank | -0.06% | 2.65% | |
| US Bank | -0.06% | 5.76% | |
| GMFS Mortgage | -0.04% | 2.42% | |
| Wells Fargo Bank | -0.04% | 3.69% | |
| First Community Mortgage | -0.04% | 3.11% | |
| Simmons Bank | -0.02% | 10.25% | |
| Arvest Bank | -0.01% | 10.25% | |
| SWBC Mortgage | -0.01% | 12.44% | |
| Bank of Little Rock | -0.01% | 4.61% | |
| USAA | 0.00% | 3.00% | |
| Regions Bank | 0.00% | 6.11% | |
| Benchmark | 0.02% | 15.32% | |
| Quicken Loans | 0.07% | 10.94% | |
| Primary Residential Mortgage Inc | 0.16% | 4.49% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.13% | 16.47% | |
| First Security Bank | -0.04% | 3.76% | |
| Bank of Little Rock | -0.03% | 3.06% | |
| First Community Mortgage | -0.03% | 6.59% | |
| JPMorgan Chase Bank | -0.01% | 2.12% | |
| USAA | -0.01% | 1.65% | |
| SWBC Mortgage | -0.01% | 6.59% | |
| Wells Fargo Bank | -0.00% | 2.12% | |
| GMFS Mortgage | 0.01% | 3.06% | |
| Simmons Bank | 0.02% | 3.29% | |
| Benchmark | 0.03% | 1.65% | |
| US Bank | 0.04% | 10.35% | |
| Quicken Loans | 0.05% | 31.53% | |
| Primary Residential Mortgage Inc | 0.07% | 3.29% | |
| Regions Bank | 0.09% | 4.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Security Bank | -0.10% | 5.10% | |
| Arvest Bank | -0.07% | 13.80% | |
| JPMorgan Chase Bank | -0.05% | 3.29% | |
| First Community Mortgage | -0.04% | 5.10% | |
| Wells Fargo Bank | -0.03% | 3.93% | |
| US Bank | -0.02% | 9.24% | |
| Bank of Little Rock | -0.01% | 3.93% | |
| GMFS Mortgage | -0.01% | 2.34% | |
| Simmons Bank | -0.01% | 9.45% | |
| SWBC Mortgage | 0.00% | 8.60% | |
| USAA | 0.02% | 1.80% | |
| Regions Bank | 0.03% | 6.69% | |
| Primary Residential Mortgage Inc | 0.05% | 1.59% | |
| Benchmark | 0.06% | 9.02% | |
| Quicken Loans | 0.08% | 16.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Security Bank | -0.12% | 5.98% | |
| US Bank | -0.07% | 7.86% | |
| JPMorgan Chase Bank | -0.07% | 3.76% | |
| Wells Fargo Bank | -0.05% | 4.79% | |
| First Community Mortgage | -0.04% | 3.42% | |
| GMFS Mortgage | -0.03% | 2.39% | |
| Simmons Bank | -0.02% | 12.99% | |
| Bank of Little Rock | -0.00% | 4.10% | |
| Primary Residential Mortgage Inc | -0.00% | 0.68% | |
| SWBC Mortgage | 0.01% | 9.74% | |
| Regions Bank | 0.01% | 7.69% | |
| Arvest Bank | 0.01% | 10.94% | |
| USAA | 0.02% | 2.05% | |
| Benchmark | 0.06% | 13.33% | |
| Quicken Loans | 0.11% | 10.26% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.14% | 18.49% | |
| First Security Bank | -0.05% | 3.64% | |
| Bank of Little Rock | -0.03% | 3.64% | |
| First Community Mortgage | -0.02% | 7.84% | |
| JPMorgan Chase Bank | -0.01% | 2.52% | |
| SWBC Mortgage | -0.01% | 6.72% | |
| USAA | -0.01% | 1.40% | |
| Wells Fargo Bank | 0.00% | 2.52% | |
| Simmons Bank | 0.03% | 3.64% | |
| Benchmark | 0.03% | 1.96% | |
| GMFS Mortgage | 0.04% | 2.24% | |
| US Bank | 0.05% | 11.48% | |
| Quicken Loans | 0.06% | 25.77% | |
| Primary Residential Mortgage Inc | 0.08% | 3.08% | |
| Regions Bank | 0.09% | 5.04% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.09% | 7.14% | |
| GMFS Mortgage | -0.06% | 4.91% | |
| First Security Bank | -0.05% | 3.57% | |
| SWBC Mortgage | -0.05% | 17.86% | |
| Benchmark | -0.03% | 19.64% | |
| First Community Mortgage | -0.03% | 2.23% | |
| Bank of Little Rock | -0.01% | 5.80% | |
| Regions Bank | -0.00% | 2.23% | |
| Simmons Bank | -0.00% | 2.68% | |
| US Bank | 0.01% | 0.89% | |
| Quicken Loans | 0.01% | 20.09% | |
| Wells Fargo Bank | 0.01% | 0.45% | |
| Primary Residential Mortgage Inc | 0.20% | 12.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.09% | 8.60% | |
| GMFS Mortgage | -0.07% | 3.23% | |
| First Security Bank | -0.07% | 3.23% | |
| SWBC Mortgage | -0.05% | 19.89% | |
| Benchmark | -0.04% | 23.66% | |
| First Community Mortgage | -0.03% | 2.69% | |
| Regions Bank | -0.01% | 2.15% | |
| Bank of Little Rock | -0.01% | 6.99% | |
| Simmons Bank | -0.00% | 3.23% | |
| Wells Fargo Bank | 0.01% | 0.54% | |
| US Bank | 0.02% | 0.54% | |
| Quicken Loans | 0.03% | 10.75% | |
| Primary Residential Mortgage Inc | 0.21% | 14.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| GMFS Mortgage | -0.04% | 13.16% | |
| Quicken Loans | 0.00% | 65.79% | |
| US Bank | 0.01% | 2.63% | |
| First Security Bank | 0.01% | 5.26% | |
| SWBC Mortgage | 0.02% | 7.89% | |
| Regions Bank | 0.04% | 2.63% | |
| Primary Residential Mortgage Inc | 0.05% | 2.63% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.01% | 16.67% | |
| Arvest Bank | -0.00% | 33.33% | |
| Regions Bank | -0.00% | 16.67% | |
| Quicken Loans | 0.00% | 16.67% | |
| Benchmark | 0.02% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.01% | 50.00% | |
| Regions Bank | -0.01% | 25.00% | |
| Benchmark | 0.02% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.01% | 50.00% | |
| Quicken Loans | 0.01% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.06% | 9.09% | |
| First Security Bank | -0.03% | 2.48% | |
| Simmons Bank | -0.03% | 6.61% | |
| First Community Mortgage | -0.03% | 1.65% | |
| GMFS Mortgage | -0.03% | 0.83% | |
| USAA | -0.03% | 13.22% | |
| Bank of Little Rock | -0.02% | 2.48% | |
| Regions Bank | -0.02% | 2.48% | |
| Wells Fargo Bank | -0.02% | 2.48% | |
| Benchmark | -0.00% | 8.26% | |
| US Bank | -0.00% | 3.31% | |
| JPMorgan Chase Bank | -0.00% | 0.83% | |
| Quicken Loans | 0.02% | 25.62% | |
| SWBC Mortgage | 0.02% | 12.40% | |
| Primary Residential Mortgage Inc | 0.09% | 8.26% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.06% | 7.53% | |
| First Security Bank | -0.04% | 2.15% | |
| Simmons Bank | -0.02% | 7.53% | |
| First Community Mortgage | -0.02% | 2.15% | |
| GMFS Mortgage | -0.02% | 1.08% | |
| Quicken Loans | -0.02% | 16.13% | |
| USAA | -0.02% | 15.05% | |
| Bank of Little Rock | -0.01% | 3.23% | |
| Regions Bank | -0.01% | 3.23% | |
| Wells Fargo Bank | -0.01% | 3.23% | |
| Benchmark | 0.00% | 10.75% | |
| JPMorgan Chase Bank | 0.01% | 1.08% | |
| US Bank | 0.01% | 3.23% | |
| SWBC Mortgage | 0.03% | 15.05% | |
| Primary Residential Mortgage Inc | 0.11% | 8.60% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Arvest Bank | -0.06% | 14.29% | |
| Simmons Bank | -0.05% | 3.57% | |
| USAA | -0.05% | 7.14% | |
| SWBC Mortgage | -0.05% | 3.57% | |
| US Bank | -0.04% | 3.57% | |
| First Security Bank | -0.04% | 3.57% | |
| Primary Residential Mortgage Inc | 0.01% | 7.14% | |
| Quicken Loans | 0.03% | 57.14% |
* Data is compiled for the Hot Springs, AR commuting zone area, which comprises of counties of Clark County, AR, Garland County, AR, Hot Spring County, AR, Montgomery County, AR, and Polk County, AR. This includes cities/towns/communities of Hot Springs, AR as well as Hot Springs Village, AR, Lake Hamilton, AR, Rockwell, AR, Malvern, AR, Lonsdale, AR, Arkadelphia, AR, Mount Ida, AR, Piney, AR, Mena, AR, Mountain Pine, AR, Donaldson, AR, Whelen Springs, AR, Caddo Valley, AR, Amity, AR, Black Springs, AR, Oden, AR, Rockport, AR, Hatfield, AR, Vandervoort, AR, and Wickes, AR. 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 Hot Springs, AR area. For mortgage lender rankings in other cities, click here.