Top Mortgage Lenders in the Farmington, MO area

Which mortgage lender in the Farmington, 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 Farmington, 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 Farmington, MO area is Ozarks Federal Savings and Loa, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.14%. This means that Ozarks Federal Savings and Loa provided a -0.14% lower interest rate for its customers than other lenders in Farmington, MO for a similar set of borrowers. Ozarks Federal Savings and Loa has a market share of 8.5%. On the other hand, the most popular lender in the market is Guild Mortgage Company, with a market share of 34.3%. Guild Mortgage Company is an average rate lender in this area, with a “Rate Difference” of +0.02% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Farmington, 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 Farmington, MO is Ozarks Federal Savings and Loa. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Flat Branch Mortgage Inc. The cheapest VA mortgage provider is Flat Branch Mortgage Inc. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ozarks Federal Savings and Loa 1, -0.14% 8.51%
First State Community Bank 2, -0.12% 15.44%
Flat Branch Mortgage Inc 3, -0.01% 7.15%
Us Bank 4, 0.01% 12.94%
Guild Mortgage Company 5, 0.02% 34.28%
DAS Acquisition Company 6, 0.10% 8.29%
Quicken Loans 7, 0.12% 13.39%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ozarks Federal Savings and Loa 1, -0.08% 4.72%
Us Bank 2, -0.05% 11.13%
Flat Branch Mortgage Inc 3, -0.03% 10.00%
First State Community Bank 4, -0.01% 11.13%
Guild Mortgage Company 5, 0.00% 47.55%
Quicken Loans 6, 0.04% 5.66%
DAS Acquisition Company 7, 0.11% 9.81%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First State Community Bank 1, -0.19% 21.94%
Ozarks Federal Savings and Loa 2, -0.15% 14.25%
Flat Branch Mortgage Inc 3, 0.01% 2.85%
Guild Mortgage Company 4, 0.05% 14.25%
DAS Acquisition Company 5, 0.05% 5.98%
Us Bank 6, 0.08% 15.67%
Quicken Loans 7, 0.16% 25.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ozarks Federal Savings and Loa 1, -0.13% 14.20%
First State Community Bank 2, -0.12% 25.76%
Flat Branch Mortgage Inc 3, 0.00% 4.55%
Us Bank 4, 0.02% 18.37%
DAS Acquisition Company 5, 0.08% 6.82%
Guild Mortgage Company 6, 0.09% 18.56%
Quicken Loans 7, 0.19% 11.74%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ozarks Federal Savings and Loa 1, -0.10% 9.96%
Us Bank 2, -0.06% 17.53%
Flat Branch Mortgage Inc 3, -0.03% 6.77%
First State Community Bank 4, -0.02% 23.51%
Quicken Loans 5, 0.04% 3.19%
DAS Acquisition Company 6, 0.07% 9.56%
Guild Mortgage Company 7, 0.07% 29.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First State Community Bank 1, -0.18% 27.80%
Ozarks Federal Savings and Loa 2, -0.14% 18.05%
Flat Branch Mortgage Inc 3, 0.02% 2.53%
DAS Acquisition Company 4, 0.06% 4.33%
Us Bank 5, 0.09% 19.13%
Guild Mortgage Company 6, 0.10% 8.66%
Quicken Loans 7, 0.24% 19.49%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flat Branch Mortgage Inc 1, -0.03% 11.28%
Us Bank 2, -0.03% 4.89%
Guild Mortgage Company 3, -0.02% 57.52%
Quicken Loans 4, 0.03% 15.04%
DAS Acquisition Company 5, 0.13% 11.28%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.04% 5.21%
Flat Branch Mortgage Inc 2, -0.03% 12.80%
Guild Mortgage Company 3, -0.02% 63.51%
Quicken Loans 4, 0.05% 6.64%
DAS Acquisition Company 5, 0.15% 11.85%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.02% 34.55%
Flat Branch Mortgage Inc 2, -0.01% 5.45%
Quicken Loans 3, 0.01% 47.27%
DAS Acquisition Company 4, 0.01% 9.09%
Us Bank 5, 0.03% 3.64%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flat Branch Mortgage Inc 1, -0.03% 10.34%
Guild Mortgage Company 2, -0.02% 58.62%
Us Bank 3, 0.01% 4.60%
Quicken Loans 4, 0.04% 18.39%
DAS Acquisition Company 5, 0.07% 8.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flat Branch Mortgage Inc 1, -0.03% 13.24%
Guild Mortgage Company 2, -0.01% 64.71%
Us Bank 3, 0.01% 5.88%
Quicken Loans 4, 0.06% 11.76%
DAS Acquisition Company 5, 0.10% 4.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.04% 36.84%
Quicken Loans 2, 0.02% 42.11%
DAS Acquisition Company 3, 0.03% 21.05%

* Data is compiled for the Farmington, MO commuting zone area, which comprises of counties of Iron County, MO, Madison County, MO, Ste. Genevieve County, MO, St. Francois County, MO, and Washington County, MO. This includes cities/towns/communities of Farmington, MO as well as Desloge, MO, Doe Run, MO, Terre du Lac, MO, Potosi, MO, Park Hills, MO, Bloomsdale, MO, Bonne Terre, MO, Ste. Genevieve, MO, Mine La Motte, MO, Weingarten, MO, Pilot Knob, MO, Cherokee Pass, MO, Marquand, MO, Arcadia, MO, Caledonia, MO, Irondale, MO, Iron Mountain Lake, MO, St. Mary, MO, Viburnum, MO, and Annapolis, 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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