Top Mortgage Lenders in the Santa Fe, NM area

Which mortgage lender in the Santa Fe, NM 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 Santa Fe, NM 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 Santa Fe, NM area is Enterprise Bank & Trust, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.24%. This means that Enterprise Bank & Trust provided a -0.24% lower interest rate for its customers than other lenders in Santa Fe, NM for a similar set of borrowers. Enterprise Bank & Trust has a market share of 3.9%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 16.3%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.04% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Santa Fe, NM 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 Santa Fe, NM is Enterprise Bank & Trust. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Enterprise Bank & Trust. The cheapest VA mortgage provider is Flagstar 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
Enterprise Bank & Trust 1, -0.24% 3.90%
Bank of America 2, -0.09% 2.80%
Nusenda Credit Union 3, -0.08% 2.41%
LoanDepot 4, -0.07% 4.36%
Pulte Mortgage 5, -0.07% 2.02%
JPMorgan Chase Bank 6, -0.06% 2.80%
Bokf 7, -0.06% 3.51%
Wells Fargo Bank 8, -0.06% 5.13%
Guaranteed Rate Inc 9, -0.04% 1.13%
Sunflower Bank 10, -0.04% 3.29%
Us Bank 11, -0.02% 2.66%
Homeowners Financial Group 12, -0.02% 2.80%
Usaa Federal Savings Bank 13, -0.01% 2.58%
Finance of America Mortgage 14, -0.01% 1.56%
Waterstone Mortgage Corp 15, -0.01% 11.15%
First Choice Loan Services Inc 16, 0.01% 1.70%
Flagstar Bank 17, 0.02% 3.40%
SRE Mortgage Alliance 18, 0.02% 1.17%
Legacy Mortgage 19, 0.04% 1.88%
Synergy One Lending 20, 0.04% 1.24%
Quicken Loans 21, 0.04% 16.29%
Bell Bank 22, 0.04% 2.44%
CMG Mortgage Inc 23, 0.06% 1.38%
Nationstar Mortgage 24, 0.07% 2.27%
Newrez 25, 0.08% 3.29%
Gateway First Bank 26, 0.11% 10.27%
Panorama Mortgage Group 27, 0.11% 2.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.15% 2.09%
Bank of America 2, -0.12% 2.87%
Wells Fargo Bank 3, -0.10% 5.62%
Us Bank 4, -0.08% 2.63%
Bokf 5, -0.07% 3.29%
Pulte Mortgage 6, -0.06% 3.41%
LoanDepot 7, -0.05% 1.97%
Sunflower Bank 8, -0.05% 4.01%
Nusenda Credit Union 9, -0.05% 2.21%
Guaranteed Rate Inc 10, -0.05% 1.61%
JPMorgan Chase Bank 11, -0.04% 2.75%
Waterstone Mortgage Corp 12, -0.02% 14.83%
Finance of America Mortgage 13, -0.02% 1.61%
Homeowners Financial Group 14, -0.02% 3.77%
Usaa Federal Savings Bank 15, -0.01% 3.47%
Nationstar Mortgage 16, -0.01% 0.66%
Synergy One Lending 17, -0.00% 0.90%
Quicken Loans 18, -0.00% 9.57%
SRE Mortgage Alliance 19, 0.03% 1.08%
Legacy Mortgage 20, 0.05% 2.69%
Flagstar Bank 21, 0.05% 3.65%
Bell Bank 22, 0.05% 3.17%
First Choice Loan Services Inc 23, 0.06% 1.67%
CMG Mortgage Inc 24, 0.07% 1.85%
Newrez 25, 0.08% 2.51%
Panorama Mortgage Group 26, 0.12% 3.59%
Gateway First Bank 27, 0.13% 12.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.29% 6.51%
Nusenda Credit Union 2, -0.12% 2.69%
JPMorgan Chase Bank 3, -0.09% 2.86%
LoanDepot 4, -0.08% 7.81%
First Choice Loan Services Inc 5, -0.06% 1.74%
Bank of America 6, -0.04% 2.69%
Bokf 7, -0.03% 3.82%
Flagstar Bank 8, -0.03% 3.04%
Homeowners Financial Group 9, -0.03% 1.39%
Usaa Federal Savings Bank 10, -0.01% 1.30%
Sunflower Bank 11, -0.01% 2.26%
Guaranteed Rate Inc 12, 0.00% 0.43%
Finance of America Mortgage 13, 0.00% 1.48%
Legacy Mortgage 14, 0.01% 0.69%
SRE Mortgage Alliance 15, 0.01% 1.30%
Bell Bank 16, 0.01% 1.39%
Wells Fargo Bank 17, 0.02% 4.43%
Waterstone Mortgage Corp 18, 0.04% 5.82%
CMG Mortgage Inc 19, 0.05% 0.69%
Us Bank 20, 0.05% 2.69%
Quicken Loans 21, 0.06% 26.04%
Gateway First Bank 22, 0.06% 7.03%
Synergy One Lending 23, 0.07% 1.74%
Nationstar Mortgage 24, 0.08% 4.60%
Panorama Mortgage Group 25, 0.08% 1.13%
Newrez 26, 0.08% 4.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.26% 4.38%
Bank of America 2, -0.10% 2.93%
JPMorgan Chase Bank 3, -0.10% 2.36%
LoanDepot 4, -0.09% 4.07%
Nusenda Credit Union 5, -0.08% 2.71%
Pulte Mortgage 6, -0.08% 2.15%
Bokf 7, -0.07% 3.68%
Wells Fargo Bank 8, -0.05% 5.39%
Guaranteed Rate Inc 9, -0.05% 1.18%
Sunflower Bank 10, -0.04% 3.85%
Homeowners Financial Group 11, -0.03% 2.63%
Us Bank 12, -0.02% 2.50%
Usaa Federal Savings Bank 13, -0.02% 1.93%
Finance of America Mortgage 14, -0.02% 1.53%
Waterstone Mortgage Corp 15, -0.01% 10.33%
First Choice Loan Services Inc 16, 0.02% 2.01%
Flagstar Bank 17, 0.02% 3.81%
SRE Mortgage Alliance 18, 0.03% 1.23%
Legacy Mortgage 19, 0.04% 1.84%
Bell Bank 20, 0.04% 2.58%
Synergy One Lending 21, 0.05% 1.14%
Quicken Loans 22, 0.05% 17.29%
CMG Mortgage Inc 23, 0.09% 1.23%
Newrez 24, 0.10% 3.42%
Nationstar Mortgage 25, 0.10% 1.80%
Panorama Mortgage Group 26, 0.12% 1.88%
Gateway First Bank 27, 0.13% 10.16%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.17% 2.31%
Bank of America 2, -0.14% 3.00%
Bokf 3, -0.10% 3.46%
Us Bank 4, -0.10% 2.46%
Wells Fargo Bank 5, -0.09% 6.15%
JPMorgan Chase Bank 6, -0.09% 2.00%
LoanDepot 7, -0.09% 1.62%
Pulte Mortgage 8, -0.07% 3.77%
Sunflower Bank 9, -0.06% 4.77%
Nusenda Credit Union 10, -0.05% 2.46%
Guaranteed Rate Inc 11, -0.05% 1.77%
Finance of America Mortgage 12, -0.03% 1.54%
Homeowners Financial Group 13, -0.03% 3.62%
Waterstone Mortgage Corp 14, -0.02% 13.85%
Usaa Federal Savings Bank 15, -0.02% 2.62%
Nationstar Mortgage 16, -0.02% 0.62%
Synergy One Lending 17, -0.01% 0.77%
Quicken Loans 18, 0.01% 9.69%
Legacy Mortgage 19, 0.05% 2.62%
SRE Mortgage Alliance 20, 0.05% 1.00%
Flagstar Bank 21, 0.05% 4.31%
Bell Bank 22, 0.06% 3.38%
First Choice Loan Services Inc 23, 0.07% 2.00%
Newrez 24, 0.09% 2.69%
CMG Mortgage Inc 25, 0.10% 1.62%
Panorama Mortgage Group 26, 0.13% 2.62%
Gateway First Bank 27, 0.15% 13.31%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.31% 7.11%
Nusenda Credit Union 2, -0.12% 3.05%
JPMorgan Chase Bank 3, -0.10% 2.85%
LoanDepot 4, -0.10% 7.32%
First Choice Loan Services Inc 5, -0.06% 2.03%
Bank of America 6, -0.04% 2.85%
Bokf 7, -0.04% 3.96%
Flagstar Bank 8, -0.03% 3.15%
Homeowners Financial Group 9, -0.03% 1.32%
Sunflower Bank 10, -0.00% 2.64%
Guaranteed Rate Inc 11, 0.00% 0.41%
Usaa Federal Savings Bank 12, 0.00% 1.02%
Finance of America Mortgage 13, 0.00% 1.52%
Legacy Mortgage 14, 0.01% 0.81%
SRE Mortgage Alliance 15, 0.01% 1.52%
Bell Bank 16, 0.01% 1.52%
Wells Fargo Bank 17, 0.03% 4.37%
Waterstone Mortgage Corp 18, 0.05% 5.69%
CMG Mortgage Inc 19, 0.06% 0.71%
Quicken Loans 20, 0.07% 27.34%
Us Bank 21, 0.07% 2.54%
Panorama Mortgage Group 22, 0.08% 0.91%
Gateway First Bank 23, 0.09% 6.00%
Synergy One Lending 24, 0.09% 1.63%
Newrez 25, 0.09% 4.37%
Nationstar Mortgage 26, 0.12% 3.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.06% 2.79%
Quicken Loans 2, -0.05% 13.49%
SRE Mortgage Alliance 3, -0.03% 1.40%
Guaranteed Rate Inc 4, -0.03% 1.40%
Nusenda Credit Union 5, -0.03% 0.93%
Waterstone Mortgage Corp 6, -0.03% 13.95%
Gateway First Bank 7, -0.02% 13.95%
Flagstar Bank 8, -0.02% 1.40%
Homeowners Financial Group 9, -0.02% 1.40%
Bank of America 10, -0.01% 0.93%
Nationstar Mortgage 11, -0.01% 8.84%
CMG Mortgage Inc 12, -0.01% 3.72%
Synergy One Lending 13, -0.01% 0.93%
Newrez 14, -0.00% 3.26%
Finance of America Mortgage 15, 0.01% 3.26%
Bokf 16, 0.01% 3.72%
Wells Fargo Bank 17, 0.01% 0.47%
LoanDepot 18, 0.04% 6.05%
Legacy Mortgage 19, 0.05% 4.65%
Panorama Mortgage Group 20, 0.09% 13.49%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.07% 1.94%
Quicken Loans 2, -0.05% 10.32%
Waterstone Mortgage Corp 3, -0.03% 18.71%
SRE Mortgage Alliance 4, -0.03% 1.94%
Guaranteed Rate Inc 5, -0.03% 1.94%
Nusenda Credit Union 6, -0.03% 1.29%
Gateway First Bank 7, -0.02% 16.13%
Homeowners Financial Group 8, -0.02% 1.94%
CMG Mortgage Inc 9, -0.02% 4.52%
Bank of America 10, -0.02% 1.29%
Synergy One Lending 11, -0.01% 0.65%
Nationstar Mortgage 12, -0.00% 1.94%
Flagstar Bank 13, 0.00% 0.65%
Newrez 14, 0.01% 1.94%
Finance of America Mortgage 15, 0.01% 4.52%
LoanDepot 16, 0.01% 3.87%
Bokf 17, 0.01% 3.23%
Wells Fargo Bank 18, 0.01% 0.65%
Legacy Mortgage 19, 0.05% 6.45%
Panorama Mortgage Group 20, 0.10% 16.13%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Enterprise Bank & Trust 1, -0.05% 5.00%
Quicken Loans 2, -0.04% 21.67%
Flagstar Bank 3, -0.03% 3.33%
Nationstar Mortgage 4, -0.01% 26.67%
Newrez 5, -0.00% 6.67%
Synergy One Lending 6, 0.00% 1.67%
Gateway First Bank 7, 0.00% 8.33%
Bokf 8, 0.01% 5.00%
CMG Mortgage Inc 9, 0.01% 1.67%
Waterstone Mortgage Corp 10, 0.03% 1.67%
LoanDepot 11, 0.07% 11.67%
Panorama Mortgage Group 12, 0.08% 6.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.08% 15.15%
Us Bank 2, -0.03% 11.36%
Bank of America 3, -0.03% 7.58%
Pulte Mortgage 4, -0.00% 1.52%
Quicken Loans 5, -0.00% 6.82%
LoanDepot 6, 0.01% 1.52%
First Choice Loan Services Inc 7, 0.01% 1.52%
Finance of America Mortgage 8, 0.01% 0.76%
Synergy One Lending 9, 0.01% 1.52%
Legacy Mortgage 10, 0.01% 0.76%
Usaa Federal Savings Bank 11, 0.01% 0.76%
JPMorgan Chase Bank 12, 0.02% 18.94%
Homeowners Financial Group 13, 0.02% 6.06%
Guaranteed Rate Inc 14, 0.03% 0.76%
Flagstar Bank 15, 0.04% 1.52%
Waterstone Mortgage Corp 16, 0.05% 13.64%
Newrez 17, 0.05% 2.27%
Bell Bank 18, 0.05% 7.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.10% 13.54%
Bank of America 2, -0.04% 7.29%
Us Bank 3, -0.04% 10.42%
Quicken Loans 4, -0.01% 4.17%
Pulte Mortgage 5, -0.00% 2.08%
LoanDepot 6, 0.01% 1.04%
Synergy One Lending 7, 0.01% 1.04%
First Choice Loan Services Inc 8, 0.01% 2.08%
Legacy Mortgage 9, 0.01% 1.04%
Usaa Federal Savings Bank 10, 0.02% 1.04%
JPMorgan Chase Bank 11, 0.02% 20.83%
Homeowners Financial Group 12, 0.03% 7.29%
Guaranteed Rate Inc 13, 0.03% 1.04%
Newrez 14, 0.04% 1.04%
Flagstar Bank 15, 0.05% 2.08%
Waterstone Mortgage Corp 16, 0.05% 14.58%
Bell Bank 17, 0.06% 9.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.03% 19.44%
Us Bank 2, -0.02% 13.89%
Bank of America 3, -0.01% 8.33%
Homeowners Financial Group 4, -0.00% 2.78%
LoanDepot 5, 0.00% 2.78%
Quicken Loans 6, 0.00% 13.89%
Finance of America Mortgage 7, 0.00% 2.78%
Synergy One Lending 8, 0.00% 2.78%
Bell Bank 9, 0.01% 2.78%
JPMorgan Chase Bank 10, 0.01% 13.89%
Waterstone Mortgage Corp 11, 0.03% 11.11%
Newrez 12, 0.04% 5.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.02% 2.07%
Enterprise Bank & Trust 2, -0.02% 2.07%
SRE Mortgage Alliance 3, -0.02% 1.04%
LoanDepot 4, -0.02% 7.77%
Waterstone Mortgage Corp 5, -0.01% 16.06%
Usaa Federal Savings Bank 6, -0.01% 14.51%
Nusenda Credit Union 7, -0.01% 2.07%
Newrez 8, -0.00% 2.59%
Guaranteed Rate Inc 9, -0.00% 0.52%
CMG Mortgage Inc 10, -0.00% 1.55%
Homeowners Financial Group 11, 0.00% 4.15%
Sunflower Bank 12, 0.00% 2.59%
Finance of America Mortgage 13, 0.01% 0.52%
Wells Fargo Bank 14, 0.01% 0.52%
Us Bank 15, 0.01% 1.55%
Synergy One Lending 16, 0.01% 2.59%
Quicken Loans 17, 0.01% 13.99%
Pulte Mortgage 18, 0.01% 3.11%
Gateway First Bank 19, 0.01% 14.51%
Panorama Mortgage Group 20, 0.02% 0.52%
Bokf 21, 0.02% 3.63%
Nationstar Mortgage 22, 0.03% 2.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.03% 1.65%
Enterprise Bank & Trust 2, -0.03% 1.65%
LoanDepot 3, -0.02% 4.13%
Waterstone Mortgage Corp 4, -0.02% 20.66%
SRE Mortgage Alliance 5, -0.02% 1.65%
Nusenda Credit Union 6, -0.01% 2.48%
Usaa Federal Savings Bank 7, -0.01% 19.01%
Quicken Loans 8, -0.00% 11.57%
CMG Mortgage Inc 9, 0.00% 2.48%
Newrez 10, 0.00% 2.48%
Sunflower Bank 11, 0.00% 4.13%
Homeowners Financial Group 12, 0.01% 4.96%
Synergy One Lending 13, 0.01% 2.48%
Pulte Mortgage 14, 0.01% 4.96%
Us Bank 15, 0.01% 1.65%
Panorama Mortgage Group 16, 0.02% 0.83%
Bokf 17, 0.03% 4.13%
Gateway First Bank 18, 0.04% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.03% 6.94%
Homeowners Financial Group 2, -0.02% 2.78%
Flagstar Bank 3, -0.02% 2.78%
LoanDepot 4, -0.01% 13.89%
Enterprise Bank & Trust 5, -0.01% 2.78%
Newrez 6, -0.01% 2.78%
Us Bank 7, -0.00% 1.39%
Gateway First Bank 8, -0.00% 23.61%
Guaranteed Rate Inc 9, -0.00% 1.39%
Waterstone Mortgage Corp 10, -0.00% 8.33%
Bokf 11, 0.00% 2.78%
Nusenda Credit Union 12, 0.00% 1.39%
Finance of America Mortgage 13, 0.00% 1.39%
Wells Fargo Bank 14, 0.01% 1.39%
Synergy One Lending 15, 0.01% 2.78%
Nationstar Mortgage 16, 0.03% 5.56%
Quicken Loans 17, 0.03% 18.06%

* Data is compiled for the Santa Fe, NM commuting zone area, which comprises of counties of Los Alamos County, NM, Rio Arriba County, NM, Santa Fe County, NM, and Taos County, NM. This includes cities/towns/communities of Santa Fe, NM as well as Los Alamos, NM, Eldorado at Santa Fe, NM, Edgewood, NM, White Rock, NM, Taos, NM, La Cienega, NM, Arroyo Seco, NM, Jaconita, NM, Espanola, NM, Ranchos de Taos, NM, Los Cerrillos, NM, Cañada de los Alamos, NM, Tesuque, NM, La Villita, NM, El Rito, NM, Chama, NM, El Valle de Arroyo Seco, NM, La Mesilla, NM, Pojoaque, NM, Questa, NM, Espanola, NM, Cedar Grove, NM, Agua Fria, NM, Chimayo, NM, Nambe, NM, El Rancho, NM, Dulce, NM, and Peñasco, NM. 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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