Top Mortgage Lenders in the Alexandria, LA area

Which mortgage lender in the Alexandria, LA area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Alexandria, LA area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Alexandria, LA area is Red River Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.17%. This means that Red River Bank provided a -0.17% lower interest rate for its customers than other lenders in Alexandria, LA for a similar set of borrowers. Red River Bank has a market share of 25.5%. It is also the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Alexandria, 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, the cheapest lender for Conventional mortgages in Alexandria, LA is Red River Bank. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Regions Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Red River Bank. The cheapest VA mortgage provider is Red River Bank. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.17% 25.46%
Gmfs 2, -0.04% 10.15%
Fairway Independent Mort Corp 3, -0.01% 15.59%
Guaranty Home Mortgage Corporation 4, 0.03% 2.95%
Regions Bank 5, 0.04% 4.43%
JPMorgan Chase Bank 6, 0.05% 3.23%
Quicken Loans 7, 0.07% 10.79%
Guild Mortgage Company 8, 0.08% 7.10%
Newrez 9, 0.08% 4.80%
Sabine State Bank and Trust Company 10, 0.12% 4.98%
Amcap Mortgage Ltd 11, 0.16% 5.26%
Primary Residential Mortgage Inc 12, 0.25% 5.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.19% 25.52%
Gmfs 2, -0.04% 10.48%
Fairway Independent Mort Corp 3, -0.01% 19.86%
Regions Bank 4, 0.01% 4.00%
Guaranty Home Mortgage Corporation 5, 0.04% 3.59%
JPMorgan Chase Bank 6, 0.04% 1.38%
Quicken Loans 7, 0.04% 4.28%
Newrez 8, 0.04% 2.21%
Guild Mortgage Company 9, 0.10% 8.14%
Sabine State Bank and Trust Company 10, 0.14% 6.34%
Amcap Mortgage Ltd 11, 0.18% 6.62%
Primary Residential Mortgage Inc 12, 0.26% 7.59%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.13% 25.35%
Gmfs 2, -0.04% 9.47%
Guild Mortgage Company 3, 0.00% 5.01%
Sabine State Bank and Trust Company 4, 0.02% 2.23%
Fairway Independent Mort Corp 5, 0.02% 6.96%
Guaranty Home Mortgage Corporation 6, 0.04% 1.67%
JPMorgan Chase Bank 7, 0.04% 6.96%
Amcap Mortgage Ltd 8, 0.05% 2.51%
Primary Residential Mortgage Inc 9, 0.06% 0.56%
Quicken Loans 10, 0.07% 23.96%
Regions Bank 11, 0.07% 5.29%
Newrez 12, 0.09% 10.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.16% 32.83%
Primary Residential Mortgage Inc 2, -0.02% 0.51%
Gmfs 3, 0.00% 9.31%
Guild Mortgage Company 4, 0.03% 4.23%
Regions Bank 5, 0.05% 7.61%
JPMorgan Chase Bank 6, 0.06% 5.92%
Amcap Mortgage Ltd 7, 0.07% 4.40%
Fairway Independent Mort Corp 8, 0.08% 8.12%
Guaranty Home Mortgage Corporation 9, 0.10% 3.05%
Quicken Loans 10, 0.12% 11.84%
Newrez 11, 0.13% 5.58%
Sabine State Bank and Trust Company 12, 0.16% 6.60%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.17% 34.82%
Primary Residential Mortgage Inc 2, 0.00% 0.89%
Regions Bank 3, 0.03% 7.74%
Gmfs 4, 0.04% 9.82%
Guild Mortgage Company 5, 0.05% 6.85%
JPMorgan Chase Bank 6, 0.06% 2.98%
Quicken Loans 7, 0.07% 4.46%
Newrez 8, 0.09% 2.08%
Amcap Mortgage Ltd 9, 0.09% 5.95%
Fairway Independent Mort Corp 10, 0.11% 10.12%
Guaranty Home Mortgage Corporation 11, 0.14% 3.57%
Sabine State Bank and Trust Company 12, 0.19% 10.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.15% 30.20%
Gmfs 2, -0.05% 8.63%
Fairway Independent Mort Corp 3, 0.01% 5.49%
Guild Mortgage Company 4, 0.02% 0.78%
Sabine State Bank and Trust Company 5, 0.02% 1.18%
Amcap Mortgage Ltd 6, 0.03% 2.35%
Guaranty Home Mortgage Corporation 7, 0.04% 2.35%
JPMorgan Chase Bank 8, 0.04% 9.80%
Regions Bank 9, 0.07% 7.45%
Quicken Loans 10, 0.11% 21.57%
Newrez 11, 0.12% 10.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.21% 16.15%
Gmfs 2, -0.12% 9.63%
Guaranty Home Mortgage Corporation 3, -0.09% 2.55%
Fairway Independent Mort Corp 4, -0.08% 26.35%
Quicken Loans 5, 0.01% 10.76%
Sabine State Bank and Trust Company 6, 0.03% 2.55%
Newrez 7, 0.03% 2.83%
Guild Mortgage Company 8, 0.14% 10.48%
Primary Residential Mortgage Inc 9, 0.27% 11.33%
Amcap Mortgage Ltd 10, 0.27% 7.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.23% 17.71%
Gmfs 2, -0.14% 10.07%
Guaranty Home Mortgage Corporation 3, -0.08% 3.12%
Fairway Independent Mort Corp 4, -0.08% 29.86%
Sabine State Bank and Trust Company 5, 0.03% 2.08%
Newrez 6, 0.03% 1.74%
Quicken Loans 7, 0.03% 4.17%
Guild Mortgage Company 8, 0.18% 10.07%
Primary Residential Mortgage Inc 9, 0.28% 13.19%
Amcap Mortgage Ltd 10, 0.30% 7.99%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.03% 9.23%
Quicken Loans 2, -0.02% 40.00%
Fairway Independent Mort Corp 3, 0.01% 10.77%
Gmfs 4, 0.01% 7.69%
Sabine State Bank and Trust Company 5, 0.01% 4.62%
Guild Mortgage Company 6, 0.02% 12.31%
Newrez 7, 0.02% 7.69%
Primary Residential Mortgage Inc 8, 0.06% 3.08%
Amcap Mortgage Ltd 9, 0.08% 4.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Regions Bank 1, -0.00% 12.50%
Red River Bank 2, -0.00% 75.00%
Gmfs 3, 0.00% 12.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.00% 33.33%
Regions Bank 2, -0.00% 33.33%
Gmfs 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.12% 14.39%
Gmfs 2, -0.04% 15.15%
Guild Mortgage Company 3, -0.04% 11.36%
Sabine State Bank and Trust Company 4, -0.03% 4.55%
Newrez 5, -0.03% 6.82%
Quicken Loans 6, -0.03% 6.82%
Regions Bank 7, -0.01% 1.52%
Guaranty Home Mortgage Corporation 8, -0.01% 3.79%
Amcap Mortgage Ltd 9, 0.03% 3.79%
Fairway Independent Mort Corp 10, 0.05% 21.21%
Primary Residential Mortgage Inc 11, 0.20% 10.61%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Red River Bank 1, -0.14% 16.33%
Sabine State Bank and Trust Company 2, -0.05% 4.08%
Newrez 3, -0.05% 4.08%
Quicken Loans 4, -0.05% 4.08%
Gmfs 5, -0.04% 13.27%
Guild Mortgage Company 6, -0.03% 7.14%
Regions Bank 7, -0.02% 2.04%
Guaranty Home Mortgage Corporation 8, -0.02% 5.10%
Amcap Mortgage Ltd 9, 0.02% 5.10%
Fairway Independent Mort Corp 10, 0.04% 24.49%
Primary Residential Mortgage Inc 11, 0.19% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gmfs 1, -0.02% 20.59%
Guild Mortgage Company 2, -0.02% 23.53%
Red River Bank 3, -0.02% 8.82%
Newrez 4, 0.01% 14.71%
Sabine State Bank and Trust Company 5, 0.01% 5.88%
Quicken Loans 6, 0.02% 14.71%
Fairway Independent Mort Corp 7, 0.06% 11.76%

* Data is compiled for the Alexandria, LA commuting zone area, which comprises of counties of Avoyelles Parish, LA, Grant Parish, LA, and Rapides Parish, LA. This includes cities/towns/communities of Alexandria, LA as well as Pineville, LA, Rock Hill, LA, Ball, LA, Woodworth, LA, Hessmer, LA, Forest Hill, LA, Cheneyville, LA, Marksville, LA, Moreauville, LA, Fifth Ward, LA, Plaucheville, LA, Bunkie, LA, Montgomery, LA, Colfax, LA, Georgetown, LA, Center Point, LA, Bordelonville, LA, and Simmesport, LA. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from 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 based on the MSA, 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.

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