Which mortgage lender in the Laredo, 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 Laredo, 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 Laredo, TX area in terms of interest rate is CMG Financial, with an average “Rate Difference” of -0.25%. This means that, comparing similar borrowers, CMG Financial provided a -0.25% lower interest rate for its customers than other lenders in the area. CMG Financial has a market share of 2.2%. On the other hand, the most popular lender in the Laredo, TX area is Service First Mortgage, with a larger market share of 12.7%. Service First Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.07% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Laredo, 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 Laredo, TX 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 International Bank of Commerce. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is CMG Financial. The cheapest VA mortgage provider is Flagstar 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 Laredo, TX
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CMG Financial | -0.25% | 2.18% | |
| Freedom Mortgage Corporation | -0.16% | 2.65% | |
| Flagstar Bank | -0.15% | 10.45% | |
| Home Point Financial Corporation | -0.12% | 4.11% | |
| Caliber Home Loans | -0.10% | 2.70% | |
| Wells Fargo Bank | -0.08% | 3.69% | |
| Gateway First Bank | -0.06% | 3.59% | |
| Movement Mortgage | -0.06% | 3.79% | |
| BBVA | -0.03% | 2.18% | |
| Thrive Mortgage | -0.02% | 3.59% | |
| Geneva Financial Home Loans | -0.01% | 1.66% | |
| Carrington Mortgage Services | -0.00% | 1.82% | |
| International Bank of Commerce | 0.01% | 4.16% | |
| Mortgage Financial Services Baton Rouge | 0.01% | 7.02% | |
| Southwest Funding | 0.05% | 6.91% | |
| Quicken Loans | 0.06% | 5.04% | |
| PrimeLending | 0.06% | 5.09% | |
| Service First Mortgage | 0.07% | 12.68% | |
| HomeBridge Financial Services | 0.08% | 5.72% | |
| Republic State Mortgage Co | 0.08% | 2.49% | |
| Mr. Cooper | 0.11% | 2.34% | |
| LeaderOne Financial Corporation | 0.18% | 1.66% | |
| Independent Bank Texas | 0.25% | 4.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CMG Financial | -0.26% | 2.44% | |
| Freedom Mortgage Corporation | -0.18% | 2.88% | |
| Flagstar Bank | -0.16% | 11.06% | |
| Wells Fargo Bank | -0.14% | 2.31% | |
| Home Point Financial Corporation | -0.14% | 4.25% | |
| Caliber Home Loans | -0.12% | 2.38% | |
| International Bank of Commerce | -0.09% | 2.94% | |
| Gateway First Bank | -0.07% | 3.50% | |
| Movement Mortgage | -0.06% | 4.56% | |
| BBVA | -0.02% | 2.00% | |
| Thrive Mortgage | -0.02% | 3.75% | |
| Carrington Mortgage Services | -0.01% | 1.50% | |
| Geneva Financial Home Loans | -0.00% | 1.62% | |
| Mortgage Financial Services Baton Rouge | 0.01% | 8.12% | |
| Quicken Loans | 0.06% | 1.75% | |
| Southwest Funding | 0.06% | 7.62% | |
| Service First Mortgage | 0.08% | 14.37% | |
| HomeBridge Financial Services | 0.09% | 6.50% | |
| Republic State Mortgage Co | 0.09% | 2.81% | |
| PrimeLending | 0.09% | 4.88% | |
| Mr. Cooper | 0.16% | 1.56% | |
| LeaderOne Financial Corporation | 0.20% | 1.88% | |
| Independent Bank Texas | 0.25% | 5.31% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.09% | 7.41% | |
| Southwest Funding | -0.08% | 3.40% | |
| Home Point Financial Corporation | -0.05% | 3.40% | |
| PrimeLending | -0.05% | 6.17% | |
| Gateway First Bank | -0.05% | 4.01% | |
| Thrive Mortgage | -0.04% | 2.78% | |
| Caliber Home Loans | -0.04% | 4.32% | |
| CMG Financial | -0.04% | 0.93% | |
| Wells Fargo Bank | -0.03% | 10.49% | |
| BBVA | -0.03% | 3.09% | |
| Independent Bank Texas | -0.03% | 0.31% | |
| Mortgage Financial Services Baton Rouge | -0.03% | 1.54% | |
| Freedom Mortgage Corporation | -0.03% | 1.54% | |
| Geneva Financial Home Loans | -0.03% | 1.85% | |
| Service First Mortgage | -0.02% | 4.32% | |
| LeaderOne Financial Corporation | -0.02% | 0.62% | |
| HomeBridge Financial Services | 0.00% | 1.85% | |
| Carrington Mortgage Services | 0.01% | 3.40% | |
| Republic State Mortgage Co | 0.01% | 0.93% | |
| Mr. Cooper | 0.04% | 6.17% | |
| Quicken Loans | 0.04% | 21.30% | |
| International Bank of Commerce | 0.14% | 10.19% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Home Point Financial Corporation | -0.09% | 6.67% | |
| Wells Fargo Bank | -0.08% | 8.50% | |
| Movement Mortgage | -0.06% | 3.27% | |
| Flagstar Bank | -0.06% | 11.37% | |
| Caliber Home Loans | -0.04% | 2.22% | |
| Gateway First Bank | -0.02% | 2.61% | |
| CMG Financial | -0.02% | 0.92% | |
| Geneva Financial Home Loans | -0.02% | 1.44% | |
| BBVA | -0.01% | 4.44% | |
| Southwest Funding | -0.00% | 7.84% | |
| LeaderOne Financial Corporation | -0.00% | 0.39% | |
| PrimeLending | 0.00% | 4.58% | |
| Thrive Mortgage | 0.00% | 3.40% | |
| Republic State Mortgage Co | 0.00% | 0.52% | |
| Independent Bank Texas | 0.01% | 0.92% | |
| Freedom Mortgage Corporation | 0.03% | 2.09% | |
| Service First Mortgage | 0.04% | 10.72% | |
| Carrington Mortgage Services | 0.05% | 0.78% | |
| Mortgage Financial Services Baton Rouge | 0.05% | 3.66% | |
| HomeBridge Financial Services | 0.06% | 4.31% | |
| Quicken Loans | 0.07% | 11.11% | |
| Mr. Cooper | 0.07% | 2.09% | |
| International Bank of Commerce | 0.09% | 6.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.15% | 6.31% | |
| Home Point Financial Corporation | -0.09% | 8.35% | |
| Movement Mortgage | -0.05% | 5.09% | |
| International Bank of Commerce | -0.05% | 2.85% | |
| Flagstar Bank | -0.04% | 13.03% | |
| Caliber Home Loans | -0.03% | 1.63% | |
| CMG Financial | -0.01% | 0.81% | |
| Geneva Financial Home Loans | -0.01% | 1.63% | |
| BBVA | 0.00% | 5.09% | |
| Gateway First Bank | 0.01% | 1.83% | |
| Carrington Mortgage Services | 0.01% | 0.20% | |
| Republic State Mortgage Co | 0.02% | 0.61% | |
| LeaderOne Financial Corporation | 0.02% | 0.20% | |
| Southwest Funding | 0.02% | 10.39% | |
| Independent Bank Texas | 0.02% | 1.22% | |
| Thrive Mortgage | 0.03% | 3.67% | |
| PrimeLending | 0.04% | 4.07% | |
| Service First Mortgage | 0.05% | 15.07% | |
| Freedom Mortgage Corporation | 0.06% | 2.44% | |
| Mortgage Financial Services Baton Rouge | 0.07% | 5.09% | |
| HomeBridge Financial Services | 0.07% | 5.91% | |
| Quicken Loans | 0.09% | 4.48% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.10% | 8.39% | |
| Southwest Funding | -0.10% | 3.28% | |
| Home Point Financial Corporation | -0.06% | 3.65% | |
| PrimeLending | -0.06% | 5.47% | |
| Gateway First Bank | -0.05% | 4.01% | |
| Thrive Mortgage | -0.05% | 2.92% | |
| Caliber Home Loans | -0.05% | 3.28% | |
| CMG Financial | -0.04% | 1.09% | |
| BBVA | -0.04% | 3.28% | |
| Wells Fargo Bank | -0.04% | 12.41% | |
| Geneva Financial Home Loans | -0.04% | 1.09% | |
| Independent Bank Texas | -0.03% | 0.36% | |
| Freedom Mortgage Corporation | -0.03% | 1.46% | |
| Mortgage Financial Services Baton Rouge | -0.03% | 1.09% | |
| LeaderOne Financial Corporation | -0.03% | 0.73% | |
| Service First Mortgage | -0.02% | 2.92% | |
| Republic State Mortgage Co | -0.01% | 0.36% | |
| HomeBridge Financial Services | 0.01% | 1.46% | |
| Carrington Mortgage Services | 0.03% | 1.82% | |
| Quicken Loans | 0.05% | 22.99% | |
| Mr. Cooper | 0.05% | 5.84% | |
| International Bank of Commerce | 0.14% | 12.04% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CMG Financial | -0.33% | 3.05% | |
| Freedom Mortgage Corporation | -0.30% | 2.76% | |
| Flagstar Bank | -0.27% | 8.86% | |
| Home Point Financial Corporation | -0.19% | 2.48% | |
| Caliber Home Loans | -0.16% | 2.76% | |
| International Bank of Commerce | -0.12% | 2.86% | |
| Gateway First Bank | -0.09% | 4.38% | |
| BBVA | -0.07% | 0.67% | |
| Movement Mortgage | -0.06% | 4.48% | |
| Thrive Mortgage | -0.04% | 3.71% | |
| Carrington Mortgage Services | -0.02% | 2.76% | |
| Mortgage Financial Services Baton Rouge | -0.01% | 8.76% | |
| Geneva Financial Home Loans | -0.01% | 1.14% | |
| Quicken Loans | -0.01% | 0.95% | |
| Service First Mortgage | 0.09% | 15.14% | |
| Republic State Mortgage Co | 0.09% | 3.71% | |
| HomeBridge Financial Services | 0.09% | 6.76% | |
| PrimeLending | 0.10% | 5.62% | |
| Southwest Funding | 0.11% | 6.38% | |
| Mr. Cooper | 0.14% | 2.57% | |
| LeaderOne Financial Corporation | 0.20% | 2.76% | |
| Independent Bank Texas | 0.27% | 7.43% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| CMG Financial | -0.33% | 3.16% | |
| Freedom Mortgage Corporation | -0.30% | 2.86% | |
| Flagstar Bank | -0.27% | 9.18% | |
| Home Point Financial Corporation | -0.19% | 2.57% | |
| Caliber Home Loans | -0.17% | 2.67% | |
| International Bank of Commerce | -0.12% | 2.96% | |
| Gateway First Bank | -0.09% | 4.34% | |
| BBVA | -0.08% | 0.59% | |
| Movement Mortgage | -0.06% | 4.64% | |
| Thrive Mortgage | -0.04% | 3.85% | |
| Carrington Mortgage Services | -0.02% | 2.27% | |
| Mortgage Financial Services Baton Rouge | -0.01% | 8.88% | |
| Geneva Financial Home Loans | -0.01% | 1.09% | |
| Quicken Loans | -0.01% | 0.49% | |
| Service First Mortgage | 0.09% | 15.10% | |
| Republic State Mortgage Co | 0.10% | 3.65% | |
| HomeBridge Financial Services | 0.10% | 6.81% | |
| PrimeLending | 0.11% | 5.33% | |
| Southwest Funding | 0.11% | 6.52% | |
| Mr. Cooper | 0.16% | 2.47% | |
| LeaderOne Financial Corporation | 0.19% | 2.86% | |
| Independent Bank Texas | 0.27% | 7.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PrimeLending | -0.02% | 13.51% | |
| Caliber Home Loans | -0.01% | 5.41% | |
| Service First Mortgage | -0.01% | 16.22% | |
| Southwest Funding | -0.01% | 2.70% | |
| Mortgage Financial Services Baton Rouge | -0.01% | 5.41% | |
| Geneva Financial Home Loans | -0.01% | 2.70% | |
| HomeBridge Financial Services | -0.00% | 5.41% | |
| BBVA | 0.00% | 2.70% | |
| Mr. Cooper | 0.01% | 5.41% | |
| Gateway First Bank | 0.01% | 5.41% | |
| Carrington Mortgage Services | 0.01% | 16.22% | |
| Quicken Loans | 0.01% | 13.51% | |
| Republic State Mortgage Co | 0.05% | 5.41% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| International Bank of Commerce | 0.00% | 33.33% | |
| Home Point Financial Corporation | 0.00% | 33.33% | |
| BBVA | 0.00% | 33.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| International Bank of Commerce | 0.00% | 50.00% | |
| BBVA | 0.00% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Home Point Financial Corporation | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.06% | 19.81% | |
| Thrive Mortgage | -0.03% | 3.77% | |
| Southwest Funding | -0.02% | 5.66% | |
| Freedom Mortgage Corporation | -0.01% | 5.66% | |
| Wells Fargo Bank | -0.01% | 5.66% | |
| Caliber Home Loans | -0.01% | 5.66% | |
| International Bank of Commerce | -0.01% | 1.89% | |
| Quicken Loans | -0.01% | 1.89% | |
| Independent Bank Texas | -0.00% | 0.94% | |
| Service First Mortgage | -0.00% | 2.83% | |
| Gateway First Bank | -0.00% | 2.83% | |
| Home Point Financial Corporation | 0.00% | 0.94% | |
| Movement Mortgage | 0.01% | 0.94% | |
| Mr. Cooper | 0.01% | 1.89% | |
| Republic State Mortgage Co | 0.01% | 4.72% | |
| CMG Financial | 0.02% | 2.83% | |
| Geneva Financial Home Loans | 0.03% | 8.49% | |
| HomeBridge Financial Services | 0.03% | 5.66% | |
| PrimeLending | 0.03% | 3.77% | |
| Mortgage Financial Services Baton Rouge | 0.07% | 14.15% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.06% | 21.28% | |
| Thrive Mortgage | -0.04% | 3.19% | |
| Southwest Funding | -0.02% | 5.32% | |
| Freedom Mortgage Corporation | -0.01% | 5.32% | |
| Caliber Home Loans | -0.01% | 3.19% | |
| Quicken Loans | -0.01% | 1.06% | |
| Wells Fargo Bank | -0.01% | 6.38% | |
| International Bank of Commerce | -0.01% | 2.13% | |
| Independent Bank Texas | -0.00% | 1.06% | |
| Service First Mortgage | -0.00% | 3.19% | |
| Gateway First Bank | 0.00% | 3.19% | |
| Home Point Financial Corporation | 0.00% | 1.06% | |
| Movement Mortgage | 0.01% | 1.06% | |
| Republic State Mortgage Co | 0.01% | 5.32% | |
| CMG Financial | 0.02% | 3.19% | |
| HomeBridge Financial Services | 0.03% | 6.38% | |
| PrimeLending | 0.03% | 4.26% | |
| Geneva Financial Home Loans | 0.04% | 7.45% | |
| Mortgage Financial Services Baton Rouge | 0.07% | 15.96% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.01% | 8.33% | |
| Quicken Loans | -0.00% | 8.33% | |
| Thrive Mortgage | -0.00% | 8.33% | |
| Caliber Home Loans | -0.00% | 25.00% | |
| Geneva Financial Home Loans | -0.00% | 16.67% | |
| Freedom Mortgage Corporation | -0.00% | 8.33% | |
| Southwest Funding | 0.00% | 8.33% | |
| Mr. Cooper | 0.01% | 16.67% |
* Data is compiled for the Laredo, TX commuting zone area, which comprises of counties of Jim Hogg County, TX, Webb County, TX, and Zapata County, TX. This includes cities/towns/communities of Laredo, TX as well as Mirando City, TX, Siesta Shores, TX, Hebbronville, TX, Zapata, TX, Ranchos Penitas West, TX, Medina, TX, Pueblo Nuevo, TX, Rio Bravo, TX, and El Cenizo, 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 Laredo, TX area. For mortgage lender rankings in other cities, click here.