Top Mortgage Lenders in Hot Springs, AR

Which mortgage lender in the Hot Springs, AR 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 Hot Springs, AR 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 Hot Springs, AR area is Citizens Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.12%. This means that Citizens Bank provided a -0.12% lower interest rate for its customers than other lenders in Hot Springs, AR for a similar set of borrowers. Citizens Bank has a market share of 7.0%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 16.5%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.06% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Hot Springs, AR 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 Hot Springs, AR is Citizens 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 Arvest Bank. 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.

Ranking of Mortgage Lenders in Hot Springs, AR

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.12% 7.03%
First Security Bank 2, -0.08% 4.23%
Arvest Bank 3, -0.06% 11.40%
JPMorgan Chase Bank 4, -0.04% 2.29%
First Community Mortgage Inc 5, -0.03% 3.94%
Wells Fargo Bank 6, -0.02% 2.94%
Gmfs 7, -0.02% 2.44%
Us Bank 8, -0.01% 6.74%
Bank Of Little Rock Mortgage Corporation 9, -0.00% 3.80%
SWBC Mortgage Corporation 10, -0.00% 9.75%
Simmons Bank 11, 0.00% 7.38%
Usaa Federal Savings Bank 12, 0.01% 2.37%
Regions Bank 13, 0.04% 5.16%
Ark-La-Tex Financial Services 14, 0.04% 10.18%
Quicken Loans 15, 0.06% 16.49%
Primary Residential Mortgage Inc 16, 0.15% 3.87%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.14% 8.33%
First Security Bank 2, -0.10% 4.54%
JPMorgan Chase Bank 3, -0.05% 2.43%
Us Bank 4, -0.05% 5.27%
Gmfs 5, -0.03% 2.22%
Wells Fargo Bank 6, -0.03% 3.38%
First Community Mortgage Inc 7, -0.03% 2.85%
Simmons Bank 8, -0.00% 9.39%
Arvest Bank 9, -0.00% 9.39%
SWBC Mortgage Corporation 10, 0.00% 11.39%
Bank Of Little Rock Mortgage Corporation 11, 0.01% 4.22%
Usaa Federal Savings Bank 12, 0.01% 2.74%
Regions Bank 13, 0.02% 5.59%
Ark-La-Tex Financial Services 14, 0.03% 14.03%
Quicken Loans 15, 0.09% 10.02%
Primary Residential Mortgage Inc 16, 0.17% 4.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.13% 15.66%
Citizens Bank 2, -0.06% 4.25%
First Security Bank 3, -0.04% 3.58%
Bank Of Little Rock Mortgage Corporation 4, -0.03% 2.91%
First Community Mortgage Inc 5, -0.03% 6.26%
JPMorgan Chase Bank 6, -0.01% 2.01%
SWBC Mortgage Corporation 7, -0.01% 6.26%
Usaa Federal Savings Bank 8, -0.00% 1.57%
Wells Fargo Bank 9, 0.00% 2.01%
Gmfs 10, 0.01% 2.91%
Simmons Bank 11, 0.02% 3.13%
Us Bank 12, 0.04% 9.84%
Quicken Loans 13, 0.05% 30.20%
Ark-La-Tex Financial Services 14, 0.05% 2.01%
Primary Residential Mortgage Inc 15, 0.07% 3.13%
Regions Bank 16, 0.09% 4.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.14% 7.90%
First Security Bank 2, -0.09% 4.68%
Arvest Bank 3, -0.05% 12.68%
JPMorgan Chase Bank 4, -0.04% 3.02%
First Community Mortgage Inc 5, -0.03% 4.68%
Wells Fargo Bank 6, -0.02% 3.61%
Us Bank 7, -0.00% 8.49%
Bank Of Little Rock Mortgage Corporation 8, 0.00% 3.61%
Gmfs 9, 0.01% 2.15%
Simmons Bank 10, 0.01% 8.68%
SWBC Mortgage Corporation 11, 0.01% 7.90%
Usaa Federal Savings Bank 12, 0.03% 1.66%
Regions Bank 13, 0.05% 6.15%
Primary Residential Mortgage Inc 14, 0.06% 1.56%
Ark-La-Tex Financial Services 15, 0.08% 8.39%
Quicken Loans 16, 0.09% 14.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.16% 9.71%
First Security Bank 2, -0.11% 5.39%
Us Bank 3, -0.05% 7.09%
JPMorgan Chase Bank 4, -0.05% 3.39%
Wells Fargo Bank 5, -0.03% 4.31%
First Community Mortgage Inc 6, -0.03% 3.08%
Gmfs 7, -0.02% 2.16%
Simmons Bank 8, 0.00% 11.71%
Bank Of Little Rock Mortgage Corporation 9, 0.01% 3.70%
SWBC Mortgage Corporation 10, 0.02% 8.78%
Regions Bank 11, 0.02% 6.93%
Primary Residential Mortgage Inc 12, 0.03% 0.77%
Arvest Bank 13, 0.03% 9.86%
Usaa Federal Savings Bank 14, 0.04% 1.85%
Ark-La-Tex Financial Services 15, 0.08% 12.02%
Quicken Loans 16, 0.13% 9.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.13% 17.55%
Citizens Bank 2, -0.06% 4.79%
First Security Bank 3, -0.05% 3.46%
Bank Of Little Rock Mortgage Corporation 4, -0.03% 3.46%
First Community Mortgage Inc 5, -0.02% 7.45%
SWBC Mortgage Corporation 6, -0.01% 6.38%
JPMorgan Chase Bank 7, -0.00% 2.39%
Usaa Federal Savings Bank 8, -0.00% 1.33%
Wells Fargo Bank 9, 0.01% 2.39%
Simmons Bank 10, 0.03% 3.46%
Gmfs 11, 0.05% 2.13%
Us Bank 12, 0.05% 10.90%
Quicken Loans 13, 0.06% 24.47%
Ark-La-Tex Financial Services 14, 0.06% 2.13%
Primary Residential Mortgage Inc 15, 0.08% 2.93%
Regions Bank 16, 0.10% 4.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.09% 6.84%
Gmfs 2, -0.06% 4.70%
Citizens Bank 3, -0.05% 4.27%
First Security Bank 4, -0.05% 3.42%
SWBC Mortgage Corporation 5, -0.04% 17.09%
Ark-La-Tex Financial Services 6, -0.03% 18.80%
First Community Mortgage Inc 7, -0.03% 2.14%
Bank Of Little Rock Mortgage Corporation 8, -0.00% 5.56%
Regions Bank 9, -0.00% 2.14%
Simmons Bank 10, 0.00% 2.56%
Us Bank 11, 0.01% 0.85%
Quicken Loans 12, 0.01% 19.23%
Wells Fargo Bank 13, 0.02% 0.43%
Primary Residential Mortgage Inc 14, 0.20% 11.97%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.09% 8.16%
Gmfs 2, -0.07% 3.06%
First Security Bank 3, -0.06% 3.06%
SWBC Mortgage Corporation 4, -0.05% 18.88%
Citizens Bank 5, -0.05% 5.10%
Ark-La-Tex Financial Services 6, -0.03% 22.45%
First Community Mortgage Inc 7, -0.03% 2.55%
Regions Bank 8, -0.01% 2.04%
Bank Of Little Rock Mortgage Corporation 9, -0.00% 6.63%
Simmons Bank 10, -0.00% 3.06%
Wells Fargo Bank 11, 0.01% 0.51%
Us Bank 12, 0.02% 0.51%
Quicken Loans 13, 0.03% 10.20%
Primary Residential Mortgage Inc 14, 0.21% 13.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gmfs 1, -0.04% 13.16%
Quicken Loans 2, 0.00% 65.79%
Us Bank 3, 0.01% 2.63%
First Security Bank 4, 0.01% 5.26%
SWBC Mortgage Corporation 5, 0.02% 7.89%
Regions Bank 6, 0.04% 2.63%
Primary Residential Mortgage Inc 7, 0.05% 2.63%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.00% 25.00%
Regions Bank 2, -0.00% 12.50%
Us Bank 3, -0.00% 12.50%
Ark-La-Tex Financial Services 4, -0.00% 25.00%
Quicken Loans 5, 0.01% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.01% 50.00%
Regions Bank 2, -0.01% 25.00%
Ark-La-Tex Financial Services 3, 0.02% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ark-La-Tex Financial Services 1, -0.02% 25.00%
Us Bank 2, -0.00% 25.00%
Quicken Loans 3, 0.01% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.06% 8.59%
First Security Bank 2, -0.03% 2.34%
Simmons Bank 3, -0.03% 6.25%
First Community Mortgage Inc 4, -0.03% 1.56%
Gmfs 5, -0.03% 0.78%
Usaa Federal Savings Bank 6, -0.03% 12.50%
Bank Of Little Rock Mortgage Corporation 7, -0.02% 2.34%
Regions Bank 8, -0.02% 2.34%
Wells Fargo Bank 9, -0.02% 2.34%
Ark-La-Tex Financial Services 10, -0.00% 7.81%
Us Bank 11, -0.00% 3.12%
JPMorgan Chase Bank 12, -0.00% 0.78%
Citizens Bank 13, -0.00% 5.47%
Quicken Loans 14, 0.01% 24.22%
SWBC Mortgage Corporation 15, 0.02% 11.72%
Primary Residential Mortgage Inc 16, 0.09% 7.81%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.06% 7.07%
First Security Bank 2, -0.04% 2.02%
Simmons Bank 3, -0.03% 7.07%
First Community Mortgage Inc 4, -0.02% 2.02%
Gmfs 5, -0.02% 1.01%
Quicken Loans 6, -0.02% 15.15%
Usaa Federal Savings Bank 7, -0.02% 14.14%
Bank Of Little Rock Mortgage Corporation 8, -0.01% 3.03%
Regions Bank 9, -0.01% 3.03%
Wells Fargo Bank 10, -0.01% 3.03%
Ark-La-Tex Financial Services 11, 0.00% 10.10%
JPMorgan Chase Bank 12, 0.00% 1.01%
Us Bank 13, 0.01% 3.03%
Citizens Bank 14, 0.01% 6.06%
SWBC Mortgage Corporation 15, 0.03% 14.14%
Primary Residential Mortgage Inc 16, 0.11% 8.08%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Arvest Bank 1, -0.06% 13.79%
Simmons Bank 2, -0.05% 3.45%
Usaa Federal Savings Bank 3, -0.04% 6.90%
SWBC Mortgage Corporation 4, -0.04% 3.45%
Citizens Bank 5, -0.04% 3.45%
Us Bank 6, -0.03% 3.45%
First Security Bank 7, -0.03% 3.45%
Primary Residential Mortgage Inc 8, 0.01% 6.90%
Quicken Loans 9, 0.03% 55.17%

* Data is compiled for the Hot Springs, AR commuting zone area, which comprises of counties of Clark County, AR, Garland County, AR, Hot Spring County, AR, Montgomery County, AR, and Polk County, AR. This includes cities/towns/communities of Hot Springs, AR as well as Hot Springs Village, AR, Lake Hamilton, AR, Rockwell, AR, Malvern, AR, Lonsdale, AR, Arkadelphia, AR, Mount Ida, AR, Piney, AR, Mena, AR, Mountain Pine, AR, Donaldson, AR, Whelen Springs, AR, Caddo Valley, AR, Amity, AR, Black Springs, AR, Oden, AR, Rockport, AR, Hatfield, AR, Vandervoort, AR, and Wickes, AR. 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 Hot Springs, AR area. For mortgage lender rankings of other cities, click here.