Top Mortgage Lenders in Farmington, NM

Which mortgage lender in the Farmington, NM 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 Farmington, NM 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 Farmington, NM area is Legacy Mortgage, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.13%. This means that Legacy Mortgage provided a -0.13% lower interest rate for its customers than other lenders in Farmington, NM for a similar set of borrowers. Legacy Mortgage has a market share of 5.5%. On the other hand, the most popular lender in the market is Cornerstone Home Lending, Inc, with a market share of 22.3%. Cornerstone Home Lending, Inc 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 Farmington, NM 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 Farmington, NM is Legacy Mortgage. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Cornerstone Home Lending, Inc. The cheapest VA mortgage provider is Legacy Mortgage. 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 Farmington, NM

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Legacy Mortgage 1, -0.13% 5.54%
Zions Bancorporation 2, -0.10% 3.83%
Academy Mortgage Corporation 3, -0.07% 3.63%
Wells Fargo Bank 4, -0.07% 4.73%
Waterstone Mortgage Corp 5, -0.06% 3.52%
Cornerstone Home Lending, Inc 6, -0.05% 22.26%
Stearns Lending 7, -0.03% 4.43%
Quicken Loans 8, -0.01% 15.41%
Guild Mortgage Company 9, 0.00% 4.43%
Fairway Independent Mort Corp 10, 0.01% 5.24%
Amcap Mortgage Ltd 11, 0.03% 10.27%
Mortgage Solutions of Colorado 12, 0.16% 16.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Legacy Mortgage 1, -0.13% 7.99%
Wells Fargo Bank 2, -0.10% 4.80%
Academy Mortgage Corporation 3, -0.07% 5.09%
Waterstone Mortgage Corp 4, -0.06% 4.65%
Cornerstone Home Lending, Inc 5, -0.05% 29.22%
Stearns Lending 6, -0.03% 4.51%
Zions Bancorporation 7, -0.03% 2.03%
Quicken Loans 8, -0.02% 6.83%
Guild Mortgage Company 9, 0.00% 5.09%
Amcap Mortgage Ltd 10, 0.04% 11.05%
Fairway Independent Mort Corp 11, 0.04% 5.23%
Mortgage Solutions of Colorado 12, 0.24% 13.52%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Zions Bancorporation 1, -0.14% 7.87%
Fairway Independent Mort Corp 2, -0.06% 5.25%
Stearns Lending 3, -0.03% 4.26%
Waterstone Mortgage Corp 4, -0.01% 0.98%
Wells Fargo Bank 5, -0.01% 4.59%
Quicken Loans 6, -0.01% 34.75%
Academy Mortgage Corporation 7, 0.00% 0.33%
Guild Mortgage Company 8, 0.02% 2.95%
Amcap Mortgage Ltd 9, 0.03% 8.52%
Cornerstone Home Lending, Inc 10, 0.04% 6.56%
Mortgage Solutions of Colorado 11, 0.06% 23.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Legacy Mortgage 1, -0.24% 4.55%
Waterstone Mortgage Corp 2, -0.10% 3.15%
Zions Bancorporation 3, -0.09% 6.13%
Academy Mortgage Corporation 4, -0.08% 4.20%
Wells Fargo Bank 5, -0.06% 7.36%
Stearns Lending 6, 0.00% 4.03%
Fairway Independent Mort Corp 7, 0.01% 6.30%
Quicken Loans 8, 0.01% 20.49%
Cornerstone Home Lending, Inc 9, 0.01% 18.39%
Amcap Mortgage Ltd 10, 0.04% 11.38%
Guild Mortgage Company 11, 0.06% 2.98%
Mortgage Solutions of Colorado 12, 0.15% 11.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Legacy Mortgage 1, -0.22% 7.32%
Waterstone Mortgage Corp 2, -0.11% 4.23%
Wells Fargo Bank 3, -0.08% 8.17%
Academy Mortgage Corporation 4, -0.07% 6.48%
Zions Bancorporation 5, -0.02% 3.10%
Quicken Loans 6, -0.01% 9.86%
Stearns Lending 7, 0.01% 3.66%
Cornerstone Home Lending, Inc 8, 0.02% 25.35%
Amcap Mortgage Ltd 9, 0.05% 12.39%
Fairway Independent Mort Corp 10, 0.06% 5.92%
Guild Mortgage Company 11, 0.08% 3.94%
Mortgage Solutions of Colorado 12, 0.16% 9.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Zions Bancorporation 1, -0.14% 11.11%
Fairway Independent Mort Corp 2, -0.07% 6.94%
Stearns Lending 3, -0.02% 4.63%
Waterstone Mortgage Corp 4, -0.01% 1.39%
Wells Fargo Bank 5, -0.01% 6.02%
Guild Mortgage Company 6, -0.01% 1.39%
Quicken Loans 7, -0.00% 37.96%
Academy Mortgage Corporation 8, 0.00% 0.46%
Amcap Mortgage Ltd 9, 0.03% 9.72%
Cornerstone Home Lending, Inc 10, 0.04% 6.94%
Mortgage Solutions of Colorado 11, 0.13% 13.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Cornerstone Home Lending, Inc 1, -0.11% 34.42%
Stearns Lending 2, -0.09% 5.52%
Academy Mortgage Corporation 3, -0.05% 2.92%
Guild Mortgage Company 4, -0.05% 6.17%
Quicken Loans 5, -0.05% 6.49%
Legacy Mortgage 6, -0.04% 6.82%
Zions Bancorporation 7, -0.04% 0.32%
Waterstone Mortgage Corp 8, -0.01% 4.22%
Amcap Mortgage Ltd 9, 0.02% 9.09%
Fairway Independent Mort Corp 10, 0.03% 3.57%
Mortgage Solutions of Colorado 11, 0.25% 20.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Cornerstone Home Lending, Inc 1, -0.11% 38.58%
Stearns Lending 2, -0.10% 5.24%
Guild Mortgage Company 3, -0.06% 5.99%
Quicken Loans 4, -0.05% 2.25%
Academy Mortgage Corporation 5, -0.05% 3.37%
Legacy Mortgage 6, -0.04% 7.87%
Zions Bancorporation 7, -0.04% 0.37%
Waterstone Mortgage Corp 8, -0.01% 4.87%
Amcap Mortgage Ltd 9, 0.03% 9.36%
Fairway Independent Mort Corp 10, 0.03% 4.12%
Mortgage Solutions of Colorado 11, 0.31% 17.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stearns Lending 1, -0.06% 7.32%
Quicken Loans 2, -0.05% 34.15%
Amcap Mortgage Ltd 3, -0.03% 7.32%
Guild Mortgage Company 4, 0.01% 7.32%
Cornerstone Home Lending, Inc 5, 0.01% 7.32%
Mortgage Solutions of Colorado 6, 0.06% 36.59%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Legacy Mortgage 1, -0.05% 7.02%
Wells Fargo Bank 2, -0.05% 4.39%
Waterstone Mortgage Corp 3, -0.03% 3.51%
Cornerstone Home Lending, Inc 4, -0.01% 8.77%
Academy Mortgage Corporation 5, -0.01% 2.63%
Quicken Loans 6, -0.01% 14.04%
Zions Bancorporation 7, -0.01% 1.75%
Guild Mortgage Company 8, -0.01% 7.02%
Fairway Independent Mort Corp 9, -0.00% 4.39%
Stearns Lending 10, 0.00% 3.51%
Amcap Mortgage Ltd 11, 0.01% 7.89%
Mortgage Solutions of Colorado 12, 0.03% 35.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.06% 6.06%
Legacy Mortgage 2, -0.06% 12.12%
Guild Mortgage Company 3, -0.04% 7.58%
Waterstone Mortgage Corp 4, -0.03% 6.06%
Cornerstone Home Lending, Inc 5, -0.02% 12.12%
Quicken Loans 6, -0.02% 9.09%
Academy Mortgage Corporation 7, -0.02% 4.55%
Zions Bancorporation 8, -0.02% 3.03%
Fairway Independent Mort Corp 9, -0.01% 6.06%
Stearns Lending 10, -0.00% 6.06%
Amcap Mortgage Ltd 11, 0.01% 10.61%
Mortgage Solutions of Colorado 12, 0.13% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Mortgage Solutions of Colorado 1, -0.01% 60.42%
Fairway Independent Mort Corp 2, -0.00% 2.08%
Wells Fargo Bank 3, -0.00% 2.08%
Amcap Mortgage Ltd 4, 0.00% 4.17%
Quicken Loans 5, 0.00% 20.83%
Cornerstone Home Lending, Inc 6, 0.01% 4.17%
Guild Mortgage Company 7, 0.05% 6.25%

* Data is compiled for the Farmington, NM commuting zone area, which comprises of counties of Dolores County, CO, Montezuma County, CO, and San Juan County, NM. This includes cities/towns/communities of Farmington, NM as well as Cortez, CO, Aztec, NM, Lee Acres, NM, Mancos, CO, Dolores, CO, Bloomfield, NM, Lewis, CO, Kirtland, NM, Cedar Hill, NM, Flora Vista, NM, La Plata, NM, West Hammond, NM, Dove Creek, CO, Blanco, NM, Waterflow, NM, Navajo Dam, NM, Sanostee, NM, Shiprock, NM, Towaoc, CO, and Beclabito, NM. 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 Farmington, NM area. For mortgage lender rankings of other cities, click here.