Top Mortgage Lenders in San Angelo, TX

Which mortgage lender in the San Angelo, TX 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 San Angelo, TX 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 San Angelo, TX area is TIB The Independent Bankers Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.20%. This means that TIB The Independent Bankers Bank provided a -0.20% lower interest rate for its customers than other lenders in San Angelo, TX for a similar set of borrowers. TIB The Independent Bankers Bank has a market share of 5.0%. On the other hand, the most popular lender in the market is Mortgage Financial Services, with a market share of 26.2%. Mortgage Financial Services is an average rate lender in this area, with a “Rate Difference” of -0.05% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the San Angelo, 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, the cheapest lender for Conventional mortgages in San Angelo, TX is TIB The Independent Bankers 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 First Financial Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is TIB The Independent Bankers Bank. The cheapest VA mortgage provider is Usaa Federal Savings Bank. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in San Angelo, TX

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.20% 5.01%
Usaa Federal Savings Bank 2, -0.07% 4.50%
Mortgage Financial Services 3, -0.05% 26.23%
Quicken Loans 4, -0.01% 6.93%
First Financial Bank 5, -0.01% 13.19%
Wells Fargo Bank 6, 0.02% 3.54%
LoanDepot 7, 0.03% 2.58%
Gateway First Bank 8, 0.03% 17.69%
University Lending Group 9, 0.03% 4.27%
FBC Mortgage 10, 0.09% 5.75%
Guild Mortgage Company 11, 0.14% 10.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.21% 5.50%
Usaa Federal Savings Bank 2, -0.08% 4.80%
Mortgage Financial Services 3, -0.05% 28.30%
Wells Fargo Bank 4, -0.05% 2.53%
Quicken Loans 5, -0.03% 3.93%
First Financial Bank 6, -0.02% 11.97%
University Lending Group 7, 0.04% 4.63%
Gateway First Bank 8, 0.04% 18.43%
LoanDepot 9, 0.05% 1.75%
FBC Mortgage 10, 0.09% 6.55%
Guild Mortgage Company 11, 0.14% 11.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.07% 2.36%
Gateway First Bank 2, -0.05% 13.68%
Mortgage Financial Services 3, -0.04% 15.09%
University Lending Group 4, -0.03% 2.36%
Usaa Federal Savings Bank 5, -0.02% 2.83%
FBC Mortgage 6, -0.02% 1.42%
LoanDepot 7, -0.01% 7.08%
Quicken Loans 8, -0.00% 23.11%
Guild Mortgage Company 9, 0.03% 3.30%
First Financial Bank 10, 0.04% 19.81%
Wells Fargo Bank 11, 0.11% 8.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.20% 7.51%
Usaa Federal Savings Bank 2, -0.05% 1.88%
Gateway First Bank 3, -0.01% 15.17%
First Financial Bank 4, -0.01% 17.49%
LoanDepot 5, 0.00% 2.02%
Mortgage Financial Services 6, 0.01% 23.12%
Quicken Loans 7, 0.01% 9.39%
University Lending Group 8, 0.01% 4.48%
Wells Fargo Bank 9, 0.02% 6.50%
FBC Mortgage 10, 0.03% 2.17%
Guild Mortgage Company 11, 0.14% 10.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.21% 9.20%
Usaa Federal Savings Bank 2, -0.05% 2.15%
Wells Fargo Bank 3, -0.05% 5.09%
First Financial Bank 4, -0.03% 16.24%
LoanDepot 5, -0.01% 0.39%
Gateway First Bank 6, 0.00% 17.22%
Quicken Loans 7, 0.02% 3.52%
Mortgage Financial Services 8, 0.02% 25.64%
University Lending Group 9, 0.02% 5.09%
FBC Mortgage 10, 0.04% 2.74%
Guild Mortgage Company 11, 0.15% 12.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.07% 2.76%
Gateway First Bank 2, -0.07% 9.39%
Usaa Federal Savings Bank 3, -0.05% 1.10%
Mortgage Financial Services 4, -0.04% 16.02%
FBC Mortgage 5, -0.04% 0.55%
University Lending Group 6, -0.03% 2.76%
LoanDepot 7, -0.01% 6.63%
Quicken Loans 8, -0.01% 25.97%
Guild Mortgage Company 9, 0.04% 3.31%
First Financial Bank 10, 0.04% 20.99%
Wells Fargo Bank 11, 0.10% 10.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.21% 3.15%
Mortgage Financial Services 2, -0.14% 33.03%
Quicken Loans 3, -0.07% 4.27%
First Financial Bank 4, -0.02% 7.64%
University Lending Group 5, 0.06% 4.49%
LoanDepot 6, 0.06% 3.60%
Gateway First Bank 7, 0.10% 20.67%
FBC Mortgage 8, 0.13% 11.91%
Guild Mortgage Company 9, 0.15% 11.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TIB The Independent Bankers Bank 1, -0.21% 3.23%
Mortgage Financial Services 2, -0.14% 33.41%
Quicken Loans 3, -0.08% 3.92%
First Financial Bank 4, -0.02% 7.60%
University Lending Group 5, 0.06% 4.61%
LoanDepot 6, 0.06% 3.69%
Gateway First Bank 7, 0.11% 20.28%
FBC Mortgage 8, 0.13% 11.75%
Guild Mortgage Company 9, 0.15% 11.52%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 18.18%
FBC Mortgage 2, -0.00% 18.18%
First Financial Bank 3, -0.00% 9.09%
Mortgage Financial Services 4, -0.00% 18.18%
Gateway First Bank 5, 0.01% 36.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Financial Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Financial Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Financial Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.08% 22.12%
TIB The Independent Bankers Bank 2, -0.03% 0.92%
Wells Fargo Bank 3, -0.03% 1.38%
Quicken Loans 4, -0.03% 4.61%
FBC Mortgage 5, -0.02% 4.61%
Gateway First Bank 6, -0.01% 19.82%
LoanDepot 7, -0.01% 2.30%
First Financial Bank 8, -0.00% 9.68%
University Lending Group 9, 0.06% 3.23%
Mortgage Financial Services 10, 0.06% 22.58%
Guild Mortgage Company 11, 0.09% 8.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.09% 22.11%
TIB The Independent Bankers Bank 2, -0.04% 1.01%
Wells Fargo Bank 3, -0.03% 1.51%
Quicken Loans 4, -0.03% 5.03%
FBC Mortgage 5, -0.03% 5.03%
Gateway First Bank 6, -0.01% 17.59%
First Financial Bank 7, -0.00% 10.05%
LoanDepot 8, 0.00% 1.01%
University Lending Group 9, 0.06% 3.52%
Mortgage Financial Services 10, 0.06% 24.12%
Guild Mortgage Company 11, 0.09% 9.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.01% 44.44%
Mortgage Financial Services 2, 0.00% 5.56%
LoanDepot 3, 0.00% 16.67%
First Financial Bank 4, 0.01% 5.56%
Guild Mortgage Company 5, 0.01% 5.56%
Usaa Federal Savings Bank 6, 0.01% 22.22%

* Data is compiled for the San Angelo, TX commuting zone area, which comprises of counties of Coke County, TX, Concho County, TX, Irion County, TX, Runnels County, TX, Sterling County, TX, and Tom Green County, TX. This includes cities/towns/communities of San Angelo, TX as well as Ballinger, TX, Grape Creek, TX, Eden, TX, Miles, TX, Robert Lee, TX, Mertzon, TX, Winters, TX, Bronte, TX, and Sterling City, TX. 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the San Angelo, TX area. For mortgage lender rankings of other cities, click here.