Top Mortgage Lenders in the Mount Vernon, MO area

Which mortgage lender in the Mount Vernon, MO 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 Mount Vernon, MO 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 Mount Vernon, MO area is Us Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Us Bank provided a -0.07% lower interest rate for its customers than other lenders in Mount Vernon, MO for a similar set of borrowers. Us Bank has a market share of 10.6%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 26.5%. Quicken Loans 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 Mount Vernon, MO 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 Mount Vernon, MO is Us 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 Quicken Loans. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Arvest Bank. The cheapest VA mortgage provider is also Arvest 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.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.07% 10.60%
Flat Branch Mortgage Inc 2, -0.05% 14.70%
Arvest Bank 3, -0.04% 24.82%
Gershman Investment Corp 4, 0.04% 13.01%
Quicken Loans 5, 0.05% 26.51%
DAS Acquisition Company 6, 0.06% 10.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.10% 9.02%
Flat Branch Mortgage Inc 2, -0.06% 18.80%
Arvest Bank 3, -0.01% 24.81%
Quicken Loans 4, 0.03% 14.66%
Gershman Investment Corp 5, 0.04% 18.80%
DAS Acquisition Company 6, 0.07% 13.91%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.10% 24.83%
Us Bank 2, -0.03% 13.42%
Flat Branch Mortgage Inc 3, -0.01% 7.38%
DAS Acquisition Company 4, -0.00% 4.03%
Gershman Investment Corp 5, 0.01% 2.68%
Quicken Loans 6, 0.06% 47.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.07% 15.53%
Flat Branch Mortgage Inc 2, -0.05% 14.77%
Arvest Bank 3, -0.03% 31.82%
DAS Acquisition Company 4, 0.04% 7.58%
Gershman Investment Corp 5, 0.07% 4.92%
Quicken Loans 6, 0.08% 25.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.10% 13.82%
Flat Branch Mortgage Inc 2, -0.07% 18.42%
Arvest Bank 3, 0.02% 32.89%
DAS Acquisition Company 4, 0.06% 9.87%
Quicken Loans 5, 0.06% 17.11%
Gershman Investment Corp 6, 0.07% 7.89%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.10% 30.36%
Us Bank 2, -0.03% 17.86%
Flat Branch Mortgage Inc 3, -0.01% 9.82%
DAS Acquisition Company 4, -0.00% 4.46%
Gershman Investment Corp 5, 0.02% 0.89%
Quicken Loans 6, 0.10% 36.61%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.07% 8.49%
Flat Branch Mortgage Inc 2, -0.05% 17.92%
Us Bank 3, -0.04% 1.89%
Quicken Loans 4, -0.03% 25.47%
Gershman Investment Corp 5, 0.03% 30.19%
DAS Acquisition Company 6, 0.10% 16.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.08% 10.47%
Flat Branch Mortgage Inc 2, -0.06% 22.09%
Us Bank 3, -0.05% 2.33%
Quicken Loans 4, -0.03% 9.30%
Gershman Investment Corp 5, 0.02% 36.05%
DAS Acquisition Company 6, 0.09% 19.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 95.00%
Gershman Investment Corp 2, 0.02% 5.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.04% 22.73%
Us Bank 2, -0.02% 2.27%
Flat Branch Mortgage Inc 3, -0.01% 6.82%
Gershman Investment Corp 4, 0.01% 20.45%
Quicken Loans 5, 0.02% 34.09%
DAS Acquisition Company 6, 0.02% 13.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.04% 25.93%
Us Bank 2, -0.01% 3.70%
Flat Branch Mortgage Inc 3, -0.00% 11.11%
Quicken Loans 4, 0.00% 14.81%
Gershman Investment Corp 5, 0.02% 25.93%
DAS Acquisition Company 6, 0.03% 18.52%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.03% 17.65%
Gershman Investment Corp 2, -0.02% 11.76%
DAS Acquisition Company 3, -0.01% 5.88%
Quicken Loans 4, 0.01% 64.71%

* Data is compiled for the Mount Vernon, MO commuting zone area, which comprises of counties of Barry County, MO, and Lawrence County, MO. This includes cities/towns/communities of Mount Vernon, MO as well as Monett, MO, Aurora, MO, Chesapeake, MO, Shell Knob, MO, Cassville, MO, Monett, MO, Arrow Point, MO, Eagle Rock, MO, Wheaton, MO, Verona, MO, Miller, MO, and Exeter, MO. 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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