Top Mortgage Lenders in the Steamboat Springs, CO area

Which mortgage lender in the Steamboat Springs, CO 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 Steamboat Springs, CO 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 Steamboat Springs, CO area is Alpine Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Alpine Bank provided a -0.07% lower interest rate for its customers than other lenders in Steamboat Springs, CO for a similar set of borrowers. Alpine Bank has a market share of 5.4%. On the other hand, the most popular lender in the market is Bay Equity, with a market share of 26.4%. Bay Equity is an average rate lender in this area, with a “Rate Difference” of +0.01% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Steamboat Springs, CO 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 Steamboat Springs, CO is Alpine 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Bay Equity. The cheapest VA mortgage provider is Cherry Creek Mortgage Co Inc. 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
Alpine Bank 1, -0.07% 5.39%
Wells Fargo Bank 2, -0.04% 9.41%
Quicken Loans 3, -0.00% 23.65%
Bay Equity 4, 0.01% 26.42%
Cornerstone Home Lending, Inc 5, 0.01% 11.07%
Guild Mortgage Company 6, 0.01% 11.62%
Cherry Creek Mortgage Co Inc 7, 0.03% 7.61%
Academy Mortgage Corporation 8, 0.04% 4.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.05% 11.40%
Quicken Loans 2, -0.05% 15.79%
Alpine Bank 3, -0.01% 2.41%
Cornerstone Home Lending, Inc 4, 0.01% 10.53%
Guild Mortgage Company 5, 0.01% 15.57%
Bay Equity 6, 0.02% 29.82%
Cherry Creek Mortgage Co Inc 7, 0.03% 8.11%
Academy Mortgage Corporation 8, 0.05% 6.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Alpine Bank 1, -0.09% 10.49%
Bay Equity 2, -0.02% 20.60%
Academy Mortgage Corporation 3, -0.02% 2.25%
Wells Fargo Bank 4, -0.01% 5.99%
Guild Mortgage Company 5, -0.01% 4.87%
Cornerstone Home Lending, Inc 6, 0.01% 11.99%
Cherry Creek Mortgage Co Inc 7, 0.03% 6.74%
Quicken Loans 8, 0.03% 37.08%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Alpine Bank 1, -0.07% 6.60%
Wells Fargo Bank 2, -0.05% 8.63%
Guild Mortgage Company 3, -0.00% 10.66%
Quicken Loans 4, 0.00% 23.86%
Cornerstone Home Lending, Inc 5, 0.01% 12.69%
Bay Equity 6, 0.02% 27.24%
Academy Mortgage Corporation 7, 0.03% 2.20%
Cherry Creek Mortgage Co Inc 8, 0.04% 8.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.06% 10.64%
Quicken Loans 2, -0.05% 16.25%
Alpine Bank 3, -0.01% 3.08%
Guild Mortgage Company 4, -0.00% 14.57%
Cornerstone Home Lending, Inc 5, 0.01% 12.32%
Bay Equity 6, 0.03% 31.37%
Academy Mortgage Corporation 7, 0.04% 3.08%
Cherry Creek Mortgage Co Inc 8, 0.04% 8.68%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Alpine Bank 1, -0.10% 11.97%
Bay Equity 2, -0.02% 20.94%
Guild Mortgage Company 3, -0.01% 4.70%
Wells Fargo Bank 4, -0.01% 5.56%
Academy Mortgage Corporation 5, -0.01% 0.85%
Cornerstone Home Lending, Inc 6, 0.01% 13.25%
Cherry Creek Mortgage Co Inc 7, 0.03% 7.26%
Quicken Loans 8, 0.04% 35.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bay Equity 1, -0.07% 24.05%
Quicken Loans 2, -0.02% 22.78%
Cherry Creek Mortgage Co Inc 3, -0.00% 5.06%
Cornerstone Home Lending, Inc 4, 0.00% 2.53%
Wells Fargo Bank 5, 0.01% 1.27%
Academy Mortgage Corporation 6, 0.05% 21.52%
Guild Mortgage Company 7, 0.05% 22.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bay Equity 1, -0.08% 28.57%
Quicken Loans 2, -0.03% 11.11%
Cherry Creek Mortgage Co Inc 3, -0.00% 6.35%
Cornerstone Home Lending, Inc 4, -0.00% 3.17%
Wells Fargo Bank 5, 0.01% 1.59%
Guild Mortgage Company 6, 0.05% 26.98%
Academy Mortgage Corporation 7, 0.06% 22.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Academy Mortgage Corporation 1, -0.01% 18.75%
Guild Mortgage Company 2, -0.01% 6.25%
Bay Equity 3, 0.00% 6.25%
Quicken Loans 4, 0.00% 68.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.02% 55.17%
Quicken Loans 2, 0.01% 6.90%
Cherry Creek Mortgage Co Inc 3, 0.01% 3.45%
Guild Mortgage Company 4, 0.02% 10.34%
Cornerstone Home Lending, Inc 5, 0.02% 10.34%
Bay Equity 6, 0.04% 13.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.02% 65.00%
Quicken Loans 2, 0.01% 5.00%
Guild Mortgage Company 3, 0.03% 10.00%
Cornerstone Home Lending, Inc 4, 0.03% 10.00%
Bay Equity 5, 0.04% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.02% 33.33%
Guild Mortgage Company 2, -0.00% 11.11%
Cornerstone Home Lending, Inc 3, -0.00% 11.11%
Cherry Creek Mortgage Co Inc 4, 0.00% 11.11%
Quicken Loans 5, 0.00% 11.11%
Bay Equity 6, 0.03% 22.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Cherry Creek Mortgage Co Inc 1, -0.02% 8.33%
Quicken Loans 2, -0.01% 41.67%
Bay Equity 3, 0.00% 29.17%
Academy Mortgage Corporation 4, 0.03% 20.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.03% 37.50%
Cherry Creek Mortgage Co Inc 2, -0.02% 12.50%
Bay Equity 3, 0.01% 25.00%
Academy Mortgage Corporation 4, 0.04% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Academy Mortgage Corporation 1, -0.02% 12.50%
Bay Equity 2, -0.01% 37.50%
Quicken Loans 3, 0.01% 50.00%

* Data is compiled for the Steamboat Springs, CO commuting zone area, which comprises of counties of Moffat County, CO, Rio Blanco County, CO, and Routt County, CO. This includes cities/towns/communities of Steamboat Springs, CO as well as Craig, CO, Yampa, CO, Meeker, CO, Oak Creek, CO, Hayden, CO, Rangely, CO, and Maybell, CO. 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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