Top Mortgage Lenders in Monroe, LA

Which mortgage lender in the Monroe, 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 Monroe, 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 Monroe, LA area is Origin Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.15%. This means that Origin Bank provided a -0.15% lower interest rate for its customers than other lenders in Monroe, LA for a similar set of borrowers. Origin Bank has a market share of 10.1%. On the other hand, the most popular lender in the market is Eagle Bank and Trust Company, with a market share of 15.0%. Eagle Bank and Trust Company is an average rate lender in this area, with a “Rate Difference” of -0.10% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Monroe, 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 Monroe, LA is Origin 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 JPMorgan Chase Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Gmfs. The cheapest VA mortgage provider is Origin 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 Monroe, LA

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.15% 10.10%
Eagle Bank and Trust Company 2, -0.10% 15.05%
Gmfs 3, -0.09% 9.50%
Citizens Bank 4, -0.03% 2.44%
Iberiabank 5, -0.02% 3.63%
Century Next Bank 6, -0.01% 3.50%
BancorpSouth Bank 7, 0.02% 5.41%
Regions Bank 8, 0.02% 3.70%
Wells Fargo Bank 9, 0.04% 2.64%
Movement Mortgage 10, 0.05% 10.83%
Newrez 11, 0.06% 6.20%
Quicken Loans 12, 0.08% 14.13%
JPMorgan Chase Bank 13, 0.09% 3.23%
Ditech Financial 14, 0.11% 2.90%
Assurance Financial Group 15, 0.14% 6.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gmfs 1, -0.11% 8.84%
Origin Bank 2, -0.10% 8.32%
Eagle Bank and Trust Company 3, -0.09% 20.53%
Citizens Bank 4, -0.05% 2.63%
JPMorgan Chase Bank 5, -0.03% 1.79%
Century Next Bank 6, -0.02% 3.89%
Wells Fargo Bank 7, -0.02% 1.58%
Iberiabank 8, -0.01% 2.63%
BancorpSouth Bank 9, -0.00% 6.21%
Regions Bank 10, 0.02% 2.84%
Movement Mortgage 11, 0.07% 16.42%
Newrez 12, 0.07% 6.00%
Quicken Loans 13, 0.07% 6.53%
Ditech Financial 14, 0.15% 3.37%
Assurance Financial Group 15, 0.17% 8.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.19% 13.10%
Eagle Bank and Trust Company 2, -0.11% 5.84%
Gmfs 3, -0.08% 10.62%
Movement Mortgage 4, -0.04% 1.42%
Iberiabank 5, -0.03% 5.31%
Citizens Bank 6, -0.00% 2.12%
Ditech Financial 7, 0.01% 2.12%
Regions Bank 8, 0.02% 5.13%
Century Next Bank 9, 0.03% 2.83%
Assurance Financial Group 10, 0.05% 3.89%
Newrez 11, 0.05% 6.55%
Quicken Loans 12, 0.07% 26.90%
Wells Fargo Bank 13, 0.07% 4.42%
BancorpSouth Bank 14, 0.09% 4.07%
JPMorgan Chase Bank 15, 0.15% 5.66%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.15% 13.54%
Eagle Bank and Trust Company 2, -0.10% 14.17%
Gmfs 3, -0.05% 8.96%
Citizens Bank 4, -0.03% 3.65%
Iberiabank 5, -0.02% 5.00%
Century Next Bank 6, 0.02% 3.75%
Regions Bank 7, 0.03% 4.48%
Movement Mortgage 8, 0.03% 8.75%
BancorpSouth Bank 9, 0.04% 7.08%
Wells Fargo Bank 10, 0.05% 3.96%
Ditech Financial 11, 0.05% 0.94%
Newrez 12, 0.08% 6.15%
JPMorgan Chase Bank 13, 0.11% 4.69%
Quicken Loans 14, 0.13% 11.25%
Assurance Financial Group 15, 0.15% 3.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.09% 11.66%
Eagle Bank and Trust Company 2, -0.08% 21.15%
Citizens Bank 3, -0.04% 4.74%
JPMorgan Chase Bank 4, -0.03% 2.96%
Wells Fargo Bank 5, -0.01% 2.57%
Gmfs 6, -0.01% 7.11%
Iberiabank 7, -0.00% 3.95%
Century Next Bank 8, 0.01% 4.15%
BancorpSouth Bank 9, 0.02% 8.89%
Regions Bank 10, 0.04% 2.77%
Movement Mortgage 11, 0.05% 15.22%
Ditech Financial 12, 0.09% 0.40%
Newrez 13, 0.10% 5.14%
Quicken Loans 14, 0.14% 4.94%
Assurance Financial Group 15, 0.20% 4.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.20% 15.64%
Eagle Bank and Trust Company 2, -0.12% 6.39%
Gmfs 3, -0.09% 11.01%
Movement Mortgage 4, -0.04% 1.54%
Iberiabank 5, -0.04% 6.17%
Citizens Bank 6, -0.00% 2.42%
Regions Bank 7, 0.02% 6.39%
Ditech Financial 8, 0.03% 1.54%
Century Next Bank 9, 0.04% 3.30%
Newrez 10, 0.06% 7.27%
Assurance Financial Group 11, 0.07% 2.86%
Wells Fargo Bank 12, 0.08% 5.51%
BancorpSouth Bank 13, 0.09% 5.07%
Quicken Loans 14, 0.12% 18.28%
JPMorgan Chase Bank 15, 0.17% 6.61%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gmfs 1, -0.18% 11.50%
Eagle Bank and Trust Company 2, -0.12% 16.43%
Origin Bank 3, -0.11% 3.05%
Century Next Bank 4, -0.09% 2.35%
BancorpSouth Bank 5, -0.05% 3.05%
Regions Bank 6, -0.04% 1.41%
Iberiabank 7, 0.00% 0.47%
Citizens Bank 8, 0.01% 0.23%
Quicken Loans 9, 0.02% 19.72%
Newrez 10, 0.03% 6.34%
Movement Mortgage 11, 0.08% 15.96%
Ditech Financial 12, 0.13% 7.28%
Assurance Financial Group 13, 0.15% 12.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gmfs 1, -0.20% 12.10%
Eagle Bank and Trust Company 2, -0.12% 19.02%
Origin Bank 3, -0.12% 3.46%
Century Next Bank 4, -0.09% 2.88%
BancorpSouth Bank 5, -0.05% 3.75%
Regions Bank 6, -0.03% 1.73%
Iberiabank 7, 0.01% 0.58%
Citizens Bank 8, 0.01% 0.29%
Quicken Loans 9, 0.02% 9.22%
Newrez 10, 0.04% 6.92%
Movement Mortgage 11, 0.08% 19.31%
Ditech Financial 12, 0.16% 7.49%
Assurance Financial Group 13, 0.18% 13.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gmfs 1, -0.03% 8.86%
Ditech Financial 2, -0.03% 6.33%
Movement Mortgage 3, -0.02% 1.27%
Origin Bank 4, -0.02% 1.27%
Newrez 5, -0.01% 3.80%
Assurance Financial Group 6, 0.00% 7.59%
Quicken Loans 7, 0.01% 65.82%
Eagle Bank and Trust Company 8, 0.02% 5.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, -0.01% 30.00%
Movement Mortgage 2, -0.01% 10.00%
Origin Bank 3, -0.00% 20.00%
Assurance Financial Group 4, -0.00% 10.00%
Regions Bank 5, 0.01% 10.00%
Iberiabank 6, 0.01% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Movement Mortgage 1, -0.01% 20.00%
JPMorgan Chase Bank 2, -0.00% 20.00%
Origin Bank 3, -0.00% 20.00%
Regions Bank 4, 0.01% 20.00%
Iberiabank 5, 0.01% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, -0.01% 40.00%
Origin Bank 2, -0.00% 20.00%
Assurance Financial Group 3, 0.00% 20.00%
Iberiabank 4, 0.01% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.10% 6.72%
Gmfs 2, -0.05% 7.56%
Century Next Bank 3, -0.03% 5.88%
Iberiabank 4, -0.01% 2.52%
Eagle Bank and Trust Company 5, -0.01% 18.49%
BancorpSouth Bank 6, -0.01% 0.84%
Wells Fargo Bank 7, -0.00% 1.68%
JPMorgan Chase Bank 8, -0.00% 0.84%
Citizens Bank 9, 0.01% 0.84%
Regions Bank 10, 0.01% 5.04%
Quicken Loans 11, 0.01% 18.49%
Movement Mortgage 12, 0.03% 9.24%
Newrez 13, 0.04% 6.72%
Ditech Financial 14, 0.04% 3.36%
Assurance Financial Group 15, 0.04% 11.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Origin Bank 1, -0.12% 7.61%
Gmfs 2, -0.05% 6.52%
Century Next Bank 3, -0.03% 6.52%
Iberiabank 4, -0.02% 2.17%
Eagle Bank and Trust Company 5, -0.01% 23.91%
BancorpSouth Bank 6, -0.01% 1.09%
Wells Fargo Bank 7, -0.00% 2.17%
JPMorgan Chase Bank 8, -0.00% 1.09%
Regions Bank 9, 0.01% 6.52%
Quicken Loans 10, 0.02% 5.43%
Movement Mortgage 11, 0.03% 11.96%
Ditech Financial 12, 0.04% 4.35%
Newrez 13, 0.04% 7.61%
Assurance Financial Group 14, 0.05% 13.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gmfs 1, -0.04% 11.11%
Century Next Bank 2, -0.02% 3.70%
Iberiabank 3, -0.00% 3.70%
Origin Bank 4, 0.00% 3.70%
Quicken Loans 5, 0.01% 62.96%
Citizens Bank 6, 0.01% 3.70%
Assurance Financial Group 7, 0.01% 7.41%
Newrez 8, 0.01% 3.70%

* Data is compiled for the Monroe, LA commuting zone area, which comprises of counties of East Carroll Parish, LA, Morehouse Parish, LA, Ouachita Parish, LA, Richland Parish, LA, Union Parish, LA, and West Carroll Parish, LA. This includes cities/towns/communities of Monroe, LA as well as Claiborne, LA, West Monroe, LA, Sterlington, LA, Calhoun, LA, Swartz, LA, Bastrop, LA, Farmerville, LA, Bernice, LA, Downsville, LA, Rayville, LA, Start, LA, Marion, LA, Brownsville, LA, Mangham, LA, Kilbourne, LA, Mer Rouge, LA, Oak Grove, LA, Delhi, LA, Lake Providence, LA, Bonita, LA, Epps, LA, and Richwood, 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Monroe, LA area. For mortgage lender rankings of other cities, click here.