Top Mortgage Lenders in Waco, TX

Which mortgage lender in the Waco, 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 Waco, 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 Waco, TX area is DHI Mortgage Company Limited, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.20%. This means that DHI Mortgage Company Limited provided a -0.20% lower interest rate for its customers than other lenders in Waco, TX for a similar set of borrowers. DHI Mortgage Company Limited has a market share of 4.7%. On the other hand, the most popular lender in the market is Fairway Independent Mort Corp, with a market share of 16.7%. Fairway Independent Mort Corp is an average rate lender in this area, with a “Rate Difference” of +0.01% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Waco, 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 Waco, TX is DHI Mortgage Company Limited. 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 Extraco Banks. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is DHI Mortgage Company Limited. The cheapest VA mortgage provider is also DHI Mortgage Company Limited. 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 Waco, TX

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.20% 4.68%
SWBC Mortgage Corporation 2, -0.09% 15.04%
Wells Fargo Bank 3, -0.06% 3.42%
Bank of America 4, -0.05% 1.86%
JPMorgan Chase Bank 5, -0.05% 3.02%
Members Choice of Central Texas FCU 6, -0.04% 1.66%
Crescent Mortgage Company 7, -0.04% 1.20%
LoanDepot 8, -0.03% 1.96%
Wallick & Volk Inc 9, -0.03% 10.46%
Trinity Oaks Mortgage 10, -0.03% 1.83%
Usaa Federal Savings Bank 11, -0.01% 2.26%
Gateway First Bank 12, -0.01% 3.19%
Caliber Home Loans Inc 13, 0.01% 1.30%
Cornerstone Home Lending, Inc 14, 0.01% 1.43%
Fairway Independent Mort Corp 15, 0.01% 16.71%
Carrington Mortgage Services 16, 0.03% 1.03%
Ark-La-Tex Financial Services 17, 0.04% 1.03%
Pennymac Loan Services 18, 0.05% 1.10%
Hamilton Group Funding Inc 19, 0.05% 2.36%
Affiliated Bank 20, 0.07% 4.09%
Extraco Banks 21, 0.08% 1.86%
Guild Mortgage Company 22, 0.10% 1.79%
Quicken Loans 23, 0.10% 8.54%
Sente Mortgage Inc 24, 0.13% 2.46%
Amcap Mortgage Ltd 25, 0.15% 1.26%
Primelending 26, 0.17% 2.89%
Nationstar Mortgage 27, 0.27% 1.59%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.20% 6.43%
Wells Fargo Bank 2, -0.12% 2.69%
JPMorgan Chase Bank 3, -0.09% 2.24%
SWBC Mortgage Corporation 4, -0.06% 15.74%
Members Choice of Central Texas FCU 5, -0.05% 0.91%
Bank of America 6, -0.04% 1.46%
LoanDepot 7, -0.04% 0.78%
Crescent Mortgage Company 8, -0.03% 1.32%
Wallick & Volk Inc 9, -0.02% 12.04%
Trinity Oaks Mortgage 10, -0.02% 2.37%
Usaa Federal Savings Bank 11, -0.01% 2.74%
Carrington Mortgage Services 12, -0.01% 0.59%
Gateway First Bank 13, -0.00% 3.06%
Caliber Home Loans Inc 14, 0.01% 0.68%
Pennymac Loan Services 15, 0.01% 0.14%
Cornerstone Home Lending, Inc 16, 0.02% 1.60%
Fairway Independent Mort Corp 17, 0.02% 21.17%
Ark-La-Tex Financial Services 18, 0.03% 1.00%
Quicken Loans 19, 0.07% 4.65%
Nationstar Mortgage 20, 0.08% 0.41%
Hamilton Group Funding Inc 21, 0.08% 2.46%
Affiliated Bank 22, 0.11% 3.51%
Extraco Banks 23, 0.11% 1.73%
Guild Mortgage Company 24, 0.13% 2.01%
Sente Mortgage Inc 25, 0.14% 3.28%
Amcap Mortgage Ltd 26, 0.16% 1.69%
Primelending 27, 0.20% 3.28%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SWBC Mortgage Corporation 1, -0.20% 13.19%
Bank of America 2, -0.08% 2.93%
Crescent Mortgage Company 3, -0.05% 0.85%
Hamilton Group Funding Inc 4, -0.05% 2.08%
Members Choice of Central Texas FCU 5, -0.04% 3.66%
LoanDepot 6, -0.04% 5.13%
Wallick & Volk Inc 7, -0.04% 6.23%
Gateway First Bank 8, -0.03% 3.54%
Usaa Federal Savings Bank 9, -0.03% 0.98%
Guild Mortgage Company 10, -0.03% 1.22%
Fairway Independent Mort Corp 11, -0.03% 4.76%
JPMorgan Chase Bank 12, -0.02% 5.13%
Amcap Mortgage Ltd 13, -0.01% 0.12%
Trinity Oaks Mortgage 14, -0.01% 0.37%
Caliber Home Loans Inc 15, -0.01% 2.93%
Cornerstone Home Lending, Inc 16, -0.01% 0.98%
Wells Fargo Bank 17, 0.01% 5.37%
Sente Mortgage Inc 18, 0.01% 0.24%
Affiliated Bank 19, 0.01% 5.62%
Extraco Banks 20, 0.02% 2.20%
Pennymac Loan Services 21, 0.04% 3.66%
Carrington Mortgage Services 22, 0.04% 2.20%
Primelending 23, 0.06% 1.83%
Ark-La-Tex Financial Services 24, 0.08% 1.10%
Quicken Loans 25, 0.11% 18.93%
Nationstar Mortgage 26, 0.30% 4.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.17% 2.87%
SWBC Mortgage Corporation 2, -0.09% 17.38%
Fairway Independent Mort Corp 3, -0.08% 12.37%
Wells Fargo Bank 4, -0.05% 4.82%
Bank of America 5, -0.05% 2.48%
JPMorgan Chase Bank 6, -0.04% 4.28%
LoanDepot 7, -0.03% 2.34%
Members Choice of Central Texas FCU 8, -0.03% 2.43%
Crescent Mortgage Company 9, -0.03% 1.51%
Trinity Oaks Mortgage 10, -0.02% 1.85%
Wallick & Volk Inc 11, -0.02% 10.76%
Gateway First Bank 12, 0.00% 2.87%
Cornerstone Home Lending, Inc 13, 0.01% 1.46%
Caliber Home Loans Inc 14, 0.02% 0.97%
Hamilton Group Funding Inc 15, 0.02% 1.70%
Usaa Federal Savings Bank 16, 0.03% 1.41%
Amcap Mortgage Ltd 17, 0.06% 0.29%
Affiliated Bank 18, 0.07% 4.43%
Ark-La-Tex Financial Services 19, 0.07% 0.83%
Carrington Mortgage Services 20, 0.09% 0.54%
Extraco Banks 21, 0.10% 2.53%
Pennymac Loan Services 22, 0.10% 0.93%
Sente Mortgage Inc 23, 0.10% 1.17%
Guild Mortgage Company 24, 0.13% 2.00%
Quicken Loans 25, 0.14% 10.76%
Primelending 26, 0.20% 2.78%
Nationstar Mortgage 27, 0.29% 2.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.16% 4.48%
Wells Fargo Bank 2, -0.11% 4.17%
Fairway Independent Mort Corp 3, -0.07% 16.69%
JPMorgan Chase Bank 4, -0.07% 3.49%
LoanDepot 5, -0.05% 0.83%
SWBC Mortgage Corporation 6, -0.04% 19.42%
Members Choice of Central Texas FCU 7, -0.03% 1.52%
Bank of America 8, -0.02% 2.12%
Crescent Mortgage Company 9, -0.01% 1.82%
Trinity Oaks Mortgage 10, -0.01% 2.73%
Wallick & Volk Inc 11, -0.00% 12.97%
Gateway First Bank 12, 0.02% 2.43%
Cornerstone Home Lending, Inc 13, 0.02% 1.90%
Pennymac Loan Services 14, 0.03% 0.15%
Caliber Home Loans Inc 15, 0.04% 0.76%
Ark-La-Tex Financial Services 16, 0.05% 0.76%
Carrington Mortgage Services 17, 0.05% 0.15%
Usaa Federal Savings Bank 18, 0.05% 1.82%
Hamilton Group Funding Inc 19, 0.08% 1.52%
Amcap Mortgage Ltd 20, 0.08% 0.38%
Nationstar Mortgage 21, 0.10% 0.53%
Affiliated Bank 22, 0.12% 3.49%
Sente Mortgage Inc 23, 0.12% 1.75%
Extraco Banks 24, 0.14% 2.66%
Quicken Loans 25, 0.14% 5.61%
Guild Mortgage Company 26, 0.18% 2.50%
Primelending 27, 0.25% 3.34%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SWBC Mortgage Corporation 1, -0.21% 13.72%
Bank of America 2, -0.09% 3.12%
Hamilton Group Funding Inc 3, -0.06% 2.04%
Crescent Mortgage Company 4, -0.05% 0.95%
Usaa Federal Savings Bank 5, -0.05% 0.68%
LoanDepot 6, -0.05% 5.03%
Members Choice of Central Texas FCU 7, -0.04% 4.08%
Gateway First Bank 8, -0.04% 3.67%
Wallick & Volk Inc 9, -0.04% 6.79%
Guild Mortgage Company 10, -0.03% 1.09%
Fairway Independent Mort Corp 11, -0.03% 4.62%
JPMorgan Chase Bank 12, -0.02% 5.71%
Cornerstone Home Lending, Inc 13, -0.02% 0.68%
Trinity Oaks Mortgage 14, -0.02% 0.27%
Caliber Home Loans Inc 15, -0.01% 1.36%
Amcap Mortgage Ltd 16, -0.01% 0.14%
Sente Mortgage Inc 17, 0.01% 0.14%
Wells Fargo Bank 18, 0.01% 5.98%
Affiliated Bank 19, 0.01% 6.11%
Extraco Banks 20, 0.03% 2.31%
Primelending 21, 0.06% 1.77%
Carrington Mortgage Services 22, 0.07% 1.22%
Pennymac Loan Services 23, 0.08% 2.31%
Ark-La-Tex Financial Services 24, 0.11% 0.95%
Quicken Loans 25, 0.12% 19.97%
Nationstar Mortgage 26, 0.30% 5.30%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.26% 8.51%
Quicken Loans 2, -0.11% 4.91%
Wallick & Volk Inc 3, -0.11% 11.29%
Crescent Mortgage Company 4, -0.07% 0.65%
Carrington Mortgage Services 5, -0.07% 1.80%
Bank of America 6, -0.05% 0.33%
Caliber Home Loans Inc 7, -0.04% 1.47%
Trinity Oaks Mortgage 8, -0.03% 1.15%
SWBC Mortgage Corporation 9, -0.03% 9.00%
Pennymac Loan Services 10, -0.02% 0.33%
Extraco Banks 11, -0.02% 0.16%
Guild Mortgage Company 12, -0.02% 1.15%
Ark-La-Tex Financial Services 13, -0.01% 0.65%
LoanDepot 14, -0.01% 0.98%
Cornerstone Home Lending, Inc 15, 0.02% 1.47%
Fairway Independent Mort Corp 16, 0.06% 30.44%
Gateway First Bank 17, 0.07% 2.62%
Hamilton Group Funding Inc 18, 0.08% 4.26%
Affiliated Bank 19, 0.09% 4.42%
Sente Mortgage Inc 20, 0.12% 6.22%
Primelending 21, 0.13% 3.60%
Amcap Mortgage Ltd 22, 0.14% 4.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.27% 8.92%
Quicken Loans 2, -0.14% 3.77%
Wallick & Volk Inc 3, -0.11% 11.66%
Carrington Mortgage Services 4, -0.09% 1.37%
Crescent Mortgage Company 5, -0.07% 0.69%
Caliber Home Loans Inc 6, -0.06% 0.86%
Bank of America 7, -0.05% 0.34%
Pennymac Loan Services 8, -0.03% 0.17%
Trinity Oaks Mortgage 9, -0.03% 1.20%
SWBC Mortgage Corporation 10, -0.03% 9.09%
Extraco Banks 11, -0.02% 0.17%
Guild Mortgage Company 12, -0.02% 1.03%
Ark-La-Tex Financial Services 13, -0.01% 0.69%
LoanDepot 14, -0.01% 0.69%
Cornerstone Home Lending, Inc 15, 0.02% 1.20%
Fairway Independent Mort Corp 16, 0.06% 31.73%
Gateway First Bank 17, 0.07% 2.74%
Hamilton Group Funding Inc 18, 0.08% 4.29%
Affiliated Bank 19, 0.09% 4.63%
Sente Mortgage Inc 20, 0.12% 6.35%
Primelending 21, 0.13% 3.60%
Amcap Mortgage Ltd 22, 0.14% 4.80%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.03% 28.57%
Caliber Home Loans Inc 2, -0.00% 14.29%
Guild Mortgage Company 3, 0.00% 3.57%
Pennymac Loan Services 4, 0.00% 3.57%
Hamilton Group Funding Inc 5, 0.01% 3.57%
Carrington Mortgage Services 6, 0.01% 10.71%
Primelending 7, 0.01% 3.57%
LoanDepot 8, 0.01% 7.14%
Wallick & Volk Inc 9, 0.01% 3.57%
Sente Mortgage Inc 10, 0.02% 3.57%
Cornerstone Home Lending, Inc 11, 0.02% 7.14%
SWBC Mortgage Corporation 12, 0.03% 7.14%
Fairway Independent Mort Corp 13, 0.04% 3.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Extraco Banks 1, -0.01% 10.00%
JPMorgan Chase Bank 2, -0.00% 20.00%
SWBC Mortgage Corporation 3, 0.00% 20.00%
Primelending 4, 0.00% 10.00%
Bank of America 5, 0.00% 20.00%
Cornerstone Home Lending, Inc 6, 0.00% 10.00%
Fairway Independent Mort Corp 7, 0.01% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, -0.01% 28.57%
Primelending 2, -0.00% 14.29%
Cornerstone Home Lending, Inc 3, 0.00% 14.29%
Bank of America 4, 0.00% 14.29%
Fairway Independent Mort Corp 5, 0.00% 14.29%
SWBC Mortgage Corporation 6, 0.00% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Extraco Banks 1, -0.01% 33.33%
SWBC Mortgage Corporation 2, -0.00% 33.33%
Bank of America 3, 0.01% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.20% 8.93%
SWBC Mortgage Corporation 2, -0.17% 11.61%
Gateway First Bank 3, -0.11% 6.25%
Usaa Federal Savings Bank 4, -0.04% 11.61%
Wells Fargo Bank 5, -0.04% 1.19%
Trinity Oaks Mortgage 6, -0.03% 2.98%
Affiliated Bank 7, -0.02% 1.49%
Pennymac Loan Services 8, -0.01% 3.57%
Cornerstone Home Lending, Inc 9, -0.00% 0.89%
Caliber Home Loans Inc 10, 0.00% 2.98%
Extraco Banks 11, 0.01% 0.60%
Guild Mortgage Company 12, 0.01% 1.79%
LoanDepot 13, 0.01% 1.49%
JPMorgan Chase Bank 14, 0.01% 0.30%
Ark-La-Tex Financial Services 15, 0.01% 2.98%
Quicken Loans 16, 0.02% 1.79%
Crescent Mortgage Company 17, 0.02% 0.30%
Bank of America 18, 0.02% 0.30%
Hamilton Group Funding Inc 19, 0.03% 2.98%
Carrington Mortgage Services 20, 0.05% 2.68%
Nationstar Mortgage 21, 0.05% 0.60%
Primelending 22, 0.05% 2.08%
Wallick & Volk Inc 23, 0.09% 7.44%
Amcap Mortgage Ltd 24, 0.11% 1.19%
Sente Mortgage Inc 25, 0.14% 3.57%
Fairway Independent Mort Corp 26, 0.18% 18.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
DHI Mortgage Company Limited 1, -0.20% 10.56%
SWBC Mortgage Corporation 2, -0.19% 12.32%
Gateway First Bank 3, -0.12% 6.69%
Usaa Federal Savings Bank 4, -0.05% 12.68%
Wells Fargo Bank 5, -0.03% 1.41%
Trinity Oaks Mortgage 6, -0.03% 3.17%
Affiliated Bank 7, -0.03% 1.41%
Cornerstone Home Lending, Inc 8, -0.01% 0.70%
LoanDepot 9, 0.00% 0.70%
Extraco Banks 10, 0.01% 0.70%
Guild Mortgage Company 11, 0.01% 1.76%
JPMorgan Chase Bank 12, 0.02% 0.35%
Ark-La-Tex Financial Services 13, 0.02% 2.82%
Quicken Loans 14, 0.02% 2.11%
Crescent Mortgage Company 15, 0.02% 0.35%
Bank of America 16, 0.02% 0.35%
Hamilton Group Funding Inc 17, 0.04% 3.17%
Nationstar Mortgage 18, 0.05% 0.70%
Primelending 19, 0.06% 2.11%
Carrington Mortgage Services 20, 0.08% 1.06%
Wallick & Volk Inc 21, 0.09% 8.80%
Amcap Mortgage Ltd 22, 0.11% 1.41%
Sente Mortgage Inc 23, 0.14% 4.23%
Fairway Independent Mort Corp 24, 0.19% 20.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Pennymac Loan Services 1, -0.02% 23.08%
Gateway First Bank 2, -0.01% 3.85%
Caliber Home Loans Inc 3, -0.01% 19.23%
Ark-La-Tex Financial Services 4, -0.00% 3.85%
Primelending 5, -0.00% 1.92%
Hamilton Group Funding Inc 6, -0.00% 1.92%
Usaa Federal Savings Bank 7, -0.00% 5.77%
Trinity Oaks Mortgage 8, 0.00% 1.92%
Guild Mortgage Company 9, 0.00% 1.92%
Cornerstone Home Lending, Inc 10, 0.00% 1.92%
Affiliated Bank 11, 0.01% 1.92%
LoanDepot 12, 0.01% 5.77%
Fairway Independent Mort Corp 13, 0.02% 7.69%
SWBC Mortgage Corporation 14, 0.02% 7.69%
Carrington Mortgage Services 15, 0.02% 11.54%

* Data is compiled for the Waco, TX commuting zone area, which comprises of counties of Bosque County, TX, Falls County, TX, Hill County, TX, and McLennan County, TX. This includes cities/towns/communities of Waco, TX as well as Hewitt, TX, Robinson, TX, Woodway, TX, McGregor, TX, Lorena, TX, Bellmead, TX, China Spring, TX, Whitney, TX, Hillsboro, TX, Bruceville-Eddy, TX, Crawford, TX, Ross, TX, Blum, TX, Clifton, TX, Itasca, TX, Gholson, TX, Walnut Springs, TX, Leroy, TX, Lacy-Lakeview, TX, Hubbard, TX, Marlin, TX, Meridian, TX, West, TX, Riesel, TX, Valley Mills, TX, Mart, TX, Chilton, TX, Laguna Park, TX, Lott, TX, Abbott, TX, and Rosebud, 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 Waco, TX area. For mortgage lender rankings of other cities, click here.