Top Mortgage Lenders in Texarkana, TX

Which mortgage lender in the Texarkana, 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 Texarkana, 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 Texarkana, TX area is State Bank of De Kalb, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.09%. This means that State Bank of De Kalb provided a -0.09% lower interest rate for its customers than other lenders in Texarkana, TX for a similar set of borrowers. State Bank of De Kalb has a market share of 14.4%. On the other hand, the most popular lender in the market is Mortgage Financial Services, with a market share of 17.9%. Mortgage Financial Services is an average rate lender in this area, with a “Rate Difference” of +0.03% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Texarkana, 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 Texarkana, TX is State Bank of De Kalb. 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 State Bank of De Kalb. The cheapest VA mortgage provider is also State Bank of De Kalb. 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 Texarkana, TX

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.09% 14.44%
BancorpSouth Bank 2, -0.03% 4.38%
Arvest Bank 3, -0.02% 3.72%
SWBC Mortgage Corporation 4, -0.01% 6.24%
Farmers Bank & Trust Company 5, -0.01% 14.88%
Guaranty Bank & Trust 6, -0.00% 3.39%
Gateway First Bank 7, 0.00% 5.36%
Regions Bank 8, 0.03% 4.70%
Mortgage Financial Services 9, 0.03% 17.94%
Waterstone Mortgage Corp 10, 0.03% 3.50%
Quicken Loans 11, 0.04% 17.72%
Wells Fargo Bank 12, 0.05% 3.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.09% 16.88%
BancorpSouth Bank 2, -0.04% 4.69%
Arvest Bank 3, -0.03% 3.44%
SWBC Mortgage Corporation 4, -0.01% 8.44%
Farmers Bank & Trust Company 5, -0.00% 12.66%
Guaranty Bank & Trust 6, 0.00% 3.28%
Gateway First Bank 7, 0.01% 6.56%
Regions Bank 8, 0.02% 3.75%
Waterstone Mortgage Corp 9, 0.04% 4.53%
Mortgage Financial Services 10, 0.04% 23.12%
Wells Fargo Bank 11, 0.06% 3.59%
Quicken Loans 12, 0.07% 9.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.05% 8.76%
Farmers Bank & Trust Company 2, -0.04% 20.07%
Arvest Bank 3, -0.02% 4.38%
BancorpSouth Bank 4, -0.01% 3.65%
Guaranty Bank & Trust 5, -0.01% 3.65%
Gateway First Bank 6, -0.01% 2.55%
Mortgage Financial Services 7, -0.01% 5.84%
SWBC Mortgage Corporation 8, 0.01% 1.09%
Waterstone Mortgage Corp 9, 0.02% 1.09%
Quicken Loans 10, 0.03% 37.96%
Regions Bank 11, 0.04% 6.93%
Wells Fargo Bank 12, 0.05% 4.01%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.07% 14.63%
BancorpSouth Bank 2, -0.03% 6.02%
SWBC Mortgage Corporation 3, -0.03% 5.85%
Arvest Bank 4, -0.03% 4.65%
Guaranty Bank & Trust 5, -0.01% 4.30%
Gateway First Bank 6, -0.00% 3.61%
Farmers Bank & Trust Company 7, 0.00% 16.18%
Mortgage Financial Services 8, 0.00% 12.91%
Waterstone Mortgage Corp 9, 0.02% 3.10%
Regions Bank 10, 0.03% 7.06%
Quicken Loans 11, 0.06% 16.52%
Wells Fargo Bank 12, 0.06% 5.16%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.08% 17.36%
BancorpSouth Bank 2, -0.04% 7.16%
SWBC Mortgage Corporation 3, -0.03% 8.54%
Arvest Bank 4, -0.03% 4.68%
Gateway First Bank 5, -0.00% 3.86%
Guaranty Bank & Trust 6, 0.00% 4.41%
Mortgage Financial Services 7, 0.00% 16.53%
Waterstone Mortgage Corp 8, 0.03% 4.13%
Regions Bank 9, 0.03% 6.06%
Farmers Bank & Trust Company 10, 0.04% 12.40%
Wells Fargo Bank 11, 0.07% 5.23%
Quicken Loans 12, 0.08% 9.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.06% 10.09%
Farmers Bank & Trust Company 2, -0.04% 22.48%
Arvest Bank 3, -0.02% 4.59%
Guaranty Bank & Trust 4, -0.02% 4.13%
BancorpSouth Bank 5, -0.02% 4.13%
Gateway First Bank 6, -0.01% 3.21%
Mortgage Financial Services 7, -0.00% 6.88%
SWBC Mortgage Corporation 8, 0.01% 1.38%
Waterstone Mortgage Corp 9, 0.02% 1.38%
Regions Bank 10, 0.04% 8.72%
Quicken Loans 11, 0.04% 27.98%
Wells Fargo Bank 12, 0.05% 5.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.13% 14.68%
Farmers Bank & Trust Company 2, -0.06% 11.90%
BancorpSouth Bank 3, -0.02% 1.98%
Arvest Bank 4, -0.01% 2.78%
Regions Bank 5, 0.00% 0.79%
Gateway First Bank 6, 0.02% 9.92%
SWBC Mortgage Corporation 7, 0.02% 7.54%
Guaranty Bank & Trust 8, 0.02% 1.59%
Quicken Loans 9, 0.02% 18.25%
Waterstone Mortgage Corp 10, 0.05% 3.97%
Mortgage Financial Services 11, 0.06% 26.59%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.13% 17.21%
Farmers Bank & Trust Company 2, -0.06% 13.02%
BancorpSouth Bank 3, -0.03% 1.86%
Arvest Bank 4, -0.02% 2.33%
Regions Bank 5, 0.01% 0.93%
Gateway First Bank 6, 0.02% 11.63%
SWBC Mortgage Corporation 7, 0.02% 8.84%
Guaranty Bank & Trust 8, 0.02% 1.86%
Waterstone Mortgage Corp 9, 0.05% 4.65%
Quicken Loans 10, 0.06% 6.98%
Mortgage Financial Services 11, 0.06% 30.70%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 83.78%
Mortgage Financial Services 2, 0.01% 2.70%
BancorpSouth Bank 3, 0.01% 2.70%
Arvest Bank 4, 0.02% 5.41%
Farmers Bank & Trust Company 5, 0.02% 5.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.02% 50.00%
Quicken Loans 2, 0.02% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.02% 50.00%
Quicken Loans 2, 0.02% 50.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.07% 12.66%
Wells Fargo Bank 2, -0.03% 3.80%
Farmers Bank & Trust Company 3, -0.03% 15.19%
SWBC Mortgage Corporation 4, -0.02% 5.06%
Guaranty Bank & Trust 5, 0.00% 2.53%
Gateway First Bank 6, 0.01% 3.80%
Quicken Loans 7, 0.01% 24.05%
Waterstone Mortgage Corp 8, 0.02% 5.06%
Mortgage Financial Services 9, 0.04% 27.85%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.08% 13.33%
Wells Fargo Bank 2, -0.03% 5.00%
Farmers Bank & Trust Company 3, -0.03% 13.33%
SWBC Mortgage Corporation 4, -0.02% 6.67%
Guaranty Bank & Trust 5, -0.00% 1.67%
Gateway First Bank 6, 0.00% 5.00%
Quicken Loans 7, 0.01% 11.67%
Waterstone Mortgage Corp 8, 0.02% 6.67%
Mortgage Financial Services 9, 0.04% 36.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
State Bank of De Kalb 1, -0.03% 10.53%
Farmers Bank & Trust Company 2, -0.01% 21.05%
Guaranty Bank & Trust 3, 0.01% 5.26%
Quicken Loans 4, 0.01% 63.16%

* Data is compiled for the Texarkana, TX commuting zone area, which comprises of counties of Little River County, AR, Miller County, AR, Sevier County, AR, McCurtain County, OK, and Bowie County, TX. This includes cities/towns/communities of Texarkana, TX as well as Texarkana, AR, Eagletown, OK, New Boston, TX, Wake Village, TX, Redwater, TX, De Queen, AR, Fouke, AR, Broken Bow, OK, Hooks, TX, Ogden, AR, Idabel, OK, Gillham, AR, Smithville, OK, De Kalb, TX, Wilton, AR, Lockesburg, AR, Foreman, AR, Maud, TX, Valliant, OK, Ashdown, AR, Haworth, OK, and Wright City, OK. 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 Texarkana, TX area. For mortgage lender rankings of other cities, click here.