Top Mortgage Lenders in the Durango, CO area

Which mortgage lender in the Durango, 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 Durango, 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 Durango, CO area is The Central Trust Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.06%. This means that The Central Trust Bank provided a -0.06% lower interest rate for its customers than other lenders in Durango, CO for a similar set of borrowers. The Central Trust Bank has a market share of 16.9%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 19.1%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.04% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Durango, 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 Durango, CO is The Central Trust 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 Quicken Loans. The cheapest VA mortgage provider is Caliber Home Loans 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
The Central Trust Bank 1, -0.06% 16.88%
Alpine Bank 2, -0.04% 5.40%
Flanagan State Bank 3, -0.02% 5.05%
Bank of Colorado 4, -0.02% 16.65%
Glacier Bank 5, 0.00% 4.59%
Wells Fargo Bank 6, 0.01% 11.14%
Academy Mortgage Corporation 7, 0.02% 12.51%
Highlands Residential Mortgage Ltd 8, 0.04% 5.05%
Quicken Loans 9, 0.04% 19.06%
Caliber Home Loans Inc 10, 0.06% 3.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The Central Trust Bank 1, -0.06% 22.36%
Flanagan State Bank 2, -0.03% 5.28%
Wells Fargo Bank 3, -0.02% 11.59%
Alpine Bank 4, -0.02% 4.88%
Quicken Loans 5, 0.02% 10.16%
Glacier Bank 6, 0.02% 5.28%
Bank of Colorado 7, 0.03% 17.07%
Academy Mortgage Corporation 8, 0.04% 15.65%
Caliber Home Loans Inc 9, 0.04% 1.63%
Highlands Residential Mortgage Ltd 10, 0.07% 6.10%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank of Colorado 1, -0.08% 16.09%
Alpine Bank 2, -0.06% 6.07%
The Central Trust Bank 3, -0.04% 9.76%
Glacier Bank 4, -0.02% 3.69%
Highlands Residential Mortgage Ltd 5, -0.01% 3.69%
Academy Mortgage Corporation 6, -0.01% 8.44%
Flanagan State Bank 7, -0.01% 4.75%
Wells Fargo Bank 8, 0.04% 10.55%
Quicken Loans 9, 0.05% 30.61%
Caliber Home Loans Inc 10, 0.05% 6.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The Central Trust Bank 1, -0.06% 17.65%
Alpine Bank 2, -0.04% 5.75%
Flanagan State Bank 3, -0.02% 4.55%
Bank of Colorado 4, -0.02% 17.11%
Glacier Bank 5, 0.01% 5.08%
Wells Fargo Bank 6, 0.01% 11.36%
Academy Mortgage Corporation 7, 0.02% 10.83%
Highlands Residential Mortgage Ltd 8, 0.05% 4.41%
Quicken Loans 9, 0.05% 20.32%
Caliber Home Loans Inc 10, 0.09% 2.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The Central Trust Bank 1, -0.07% 24.03%
Flanagan State Bank 2, -0.03% 4.61%
Wells Fargo Bank 3, -0.02% 11.65%
Alpine Bank 4, -0.02% 5.10%
Quicken Loans 5, 0.02% 10.92%
Glacier Bank 6, 0.03% 5.83%
Bank of Colorado 7, 0.03% 17.72%
Academy Mortgage Corporation 8, 0.04% 13.11%
Caliber Home Loans Inc 9, 0.06% 1.46%
Highlands Residential Mortgage Ltd 10, 0.08% 5.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank of Colorado 1, -0.08% 16.37%
Alpine Bank 2, -0.07% 6.55%
The Central Trust Bank 3, -0.04% 9.82%
Highlands Residential Mortgage Ltd 4, -0.02% 2.98%
Glacier Bank 5, -0.02% 4.17%
Academy Mortgage Corporation 6, -0.01% 8.04%
Flanagan State Bank 7, -0.01% 4.46%
Wells Fargo Bank 8, 0.04% 11.01%
Quicken Loans 9, 0.05% 31.85%
Caliber Home Loans Inc 10, 0.09% 4.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.05% 14.89%
Caliber Home Loans Inc 2, -0.02% 10.64%
Flanagan State Bank 3, -0.02% 17.02%
The Central Trust Bank 4, -0.02% 6.38%
Highlands Residential Mortgage Ltd 5, 0.00% 6.38%
Bank of Colorado 6, 0.02% 14.89%
Academy Mortgage Corporation 7, 0.04% 29.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.04% 6.06%
Flanagan State Bank 2, -0.03% 18.18%
The Central Trust Bank 3, -0.03% 9.09%
Highlands Residential Mortgage Ltd 4, -0.01% 6.06%
Bank of Colorado 5, 0.01% 18.18%
Academy Mortgage Corporation 6, 0.02% 42.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.03% 35.71%
Caliber Home Loans Inc 2, 0.01% 35.71%
Flanagan State Bank 3, 0.02% 14.29%
Bank of Colorado 4, 0.03% 7.14%
Highlands Residential Mortgage Ltd 5, 0.03% 7.14%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 34.48%
The Central Trust Bank 2, -0.00% 20.69%
Bank of Colorado 3, 0.00% 3.45%
Quicken Loans 4, 0.01% 6.90%
Alpine Bank 5, 0.01% 6.90%
Academy Mortgage Corporation 6, 0.01% 13.79%
Highlands Residential Mortgage Ltd 7, 0.02% 13.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 42.11%
Academy Mortgage Corporation 2, -0.00% 5.26%
Quicken Loans 3, 0.00% 5.26%
The Central Trust Bank 4, 0.01% 21.05%
Bank of Colorado 5, 0.01% 5.26%
Alpine Bank 6, 0.01% 10.53%
Highlands Residential Mortgage Ltd 7, 0.02% 10.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The Central Trust Bank 1, -0.02% 20.00%
Wells Fargo Bank 2, -0.01% 20.00%
Academy Mortgage Corporation 3, 0.01% 30.00%
Highlands Residential Mortgage Ltd 4, 0.01% 20.00%
Quicken Loans 5, 0.01% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.01% 10.64%
Glacier Bank 2, -0.01% 4.26%
Bank of Colorado 3, -0.01% 19.15%
Alpine Bank 4, -0.00% 4.26%
Academy Mortgage Corporation 5, -0.00% 21.28%
Wells Fargo Bank 6, -0.00% 4.26%
Quicken Loans 7, 0.00% 10.64%
Flanagan State Bank 8, 0.00% 4.26%
Highlands Residential Mortgage Ltd 9, 0.02% 8.51%
The Central Trust Bank 10, 0.02% 12.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.03% 7.14%
Alpine Bank 2, -0.02% 3.57%
Wells Fargo Bank 3, -0.02% 3.57%
Glacier Bank 4, -0.01% 7.14%
Quicken Loans 5, -0.01% 7.14%
Academy Mortgage Corporation 6, -0.01% 28.57%
Flanagan State Bank 7, 0.00% 3.57%
Highlands Residential Mortgage Ltd 8, 0.02% 10.71%
Bank of Colorado 9, 0.02% 14.29%
The Central Trust Bank 10, 0.02% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank of Colorado 1, -0.02% 26.32%
Academy Mortgage Corporation 2, -0.00% 10.53%
Caliber Home Loans Inc 3, 0.00% 15.79%
Flanagan State Bank 4, 0.00% 5.26%
Quicken Loans 5, 0.01% 15.79%
The Central Trust Bank 6, 0.01% 10.53%
Highlands Residential Mortgage Ltd 7, 0.01% 5.26%
Wells Fargo Bank 8, 0.02% 5.26%
Alpine Bank 9, 0.02% 5.26%

* Data is compiled for the Durango, CO commuting zone area, which comprises of counties of Archuleta County, CO, La Plata County, CO, and San Juan County, CO. This includes cities/towns/communities of Durango, CO as well as Pagosa Springs, CO, Bayfield, CO, Ignacio, CO, Silverton, CO, and Arboles, 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.

FB Comments