Top Mortgage Lenders in Alamogordo, NM

Which mortgage lender in the Alamogordo, 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 Alamogordo, 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 Alamogordo, NM area is First Community Mortgage Inc, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.13%. This means that First Community Mortgage Inc provided a -0.13% lower interest rate for its customers than other lenders in Alamogordo, NM for a similar set of borrowers. First Community Mortgage Inc has a market share of 6.9%. On the other hand, the most popular lender in the market is Homeowners Financial Group, with a market share of 21.9%. Homeowners Financial Group 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 Alamogordo, 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 Alamogordo, NM is Gateway First 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 Homeowners Financial Group. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Community Mortgage Inc. The cheapest VA mortgage provider is also First Community Mortgage 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.

Ranking of Mortgage Lenders in Alamogordo, NM

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.13% 6.94%
Gateway First Bank 2, -0.07% 10.55%
Wells Fargo Bank 3, -0.06% 6.01%
Usaa Federal Savings Bank 4, -0.02% 8.68%
City Bank 5, -0.01% 8.41%
Stearns Lending 6, 0.01% 4.81%
Flagstar Bank 7, 0.03% 15.62%
Quicken Loans 8, 0.04% 11.88%
Homeowners Financial Group 9, 0.04% 21.90%
Bank 34 10, 0.07% 5.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.14% 7.61%
Gateway First Bank 2, -0.07% 11.09%
Wells Fargo Bank 3, -0.07% 5.86%
City Bank 4, -0.02% 7.61%
Usaa Federal Savings Bank 5, -0.01% 8.87%
Stearns Lending 6, 0.01% 5.39%
Homeowners Financial Group 7, 0.04% 25.20%
Flagstar Bank 8, 0.04% 16.01%
Quicken Loans 9, 0.05% 6.81%
Bank 34 10, 0.08% 5.55%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.03% 13.56%
Usaa Federal Savings Bank 2, -0.02% 7.63%
Homeowners Financial Group 3, -0.01% 4.24%
Gateway First Bank 4, -0.01% 7.63%
Bank 34 5, -0.01% 3.39%
City Bank 6, -0.01% 12.71%
First Community Mortgage Inc 7, -0.00% 3.39%
Wells Fargo Bank 8, 0.01% 6.78%
Stearns Lending 9, 0.01% 1.69%
Quicken Loans 10, 0.02% 38.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.14% 8.89%
Wells Fargo Bank 2, -0.07% 8.65%
Homeowners Financial Group 3, -0.03% 15.38%
Usaa Federal Savings Bank 4, -0.02% 4.57%
First Community Mortgage Inc 5, -0.01% 2.64%
City Bank 6, -0.01% 11.78%
Stearns Lending 7, 0.03% 5.29%
Quicken Loans 8, 0.05% 15.14%
Flagstar Bank 9, 0.05% 23.32%
Bank 34 10, 0.06% 4.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.16% 9.64%
Wells Fargo Bank 2, -0.09% 8.43%
Homeowners Financial Group 3, -0.02% 18.67%
Usaa Federal Savings Bank 4, -0.02% 4.52%
City Bank 5, -0.01% 11.45%
First Community Mortgage Inc 6, -0.00% 3.01%
Stearns Lending 7, 0.03% 6.33%
Quicken Loans 8, 0.05% 8.43%
Flagstar Bank 9, 0.07% 25.30%
Bank 34 10, 0.08% 4.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.04% 15.48%
Usaa Federal Savings Bank 2, -0.02% 4.76%
Homeowners Financial Group 3, -0.01% 2.38%
City Bank 4, -0.01% 13.10%
Bank 34 5, -0.01% 4.76%
Gateway First Bank 6, -0.01% 5.95%
First Community Mortgage Inc 7, 0.00% 1.19%
Wells Fargo Bank 8, 0.00% 9.52%
Stearns Lending 9, 0.02% 1.19%
Quicken Loans 10, 0.02% 41.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.09% 12.04%
Flagstar Bank 2, -0.06% 12.96%
Quicken Loans 3, -0.03% 8.33%
Stearns Lending 4, -0.03% 8.33%
City Bank 5, -0.02% 6.48%
Gateway First Bank 6, 0.00% 16.67%
Bank 34 7, 0.07% 8.33%
Homeowners Financial Group 8, 0.07% 26.85%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.10% 11.58%
Flagstar Bank 2, -0.07% 13.68%
Quicken Loans 3, -0.05% 3.16%
Stearns Lending 4, -0.03% 9.47%
City Bank 5, -0.02% 5.26%
Gateway First Bank 6, -0.00% 17.89%
Bank 34 7, 0.06% 9.47%
Homeowners Financial Group 8, 0.07% 29.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 46.15%
First Community Mortgage Inc 2, -0.00% 15.38%
City Bank 3, -0.00% 15.38%
Homeowners Financial Group 4, 0.00% 7.69%
Flagstar Bank 5, 0.01% 7.69%
Gateway First Bank 6, 0.04% 7.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Homeowners Financial Group 1, -0.00% 33.33%
City Bank 2, 0.00% 33.33%
Flagstar Bank 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Homeowners Financial Group 1, -0.00% 50.00%
City Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.21% 12.61%
Usaa Federal Savings Bank 2, -0.02% 20.72%
Gateway First Bank 3, -0.02% 10.81%
City Bank 4, 0.00% 2.70%
Flagstar Bank 5, 0.00% 2.25%
Wells Fargo Bank 6, 0.01% 4.05%
Stearns Lending 7, 0.02% 2.25%
Quicken Loans 8, 0.06% 7.66%
Bank 34 9, 0.07% 5.41%
Homeowners Financial Group 10, 0.08% 31.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Mortgage Inc 1, -0.22% 13.37%
Usaa Federal Savings Bank 2, -0.02% 20.30%
Gateway First Bank 3, -0.01% 10.40%
City Bank 4, -0.00% 1.98%
Flagstar Bank 5, 0.00% 1.98%
Wells Fargo Bank 6, 0.01% 4.46%
Stearns Lending 7, 0.02% 1.98%
Bank 34 8, 0.07% 5.94%
Homeowners Financial Group 9, 0.08% 33.66%
Quicken Loans 10, 0.08% 5.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.02% 15.00%
Usaa Federal Savings Bank 2, -0.02% 25.00%
Homeowners Financial Group 3, -0.01% 10.00%
Flagstar Bank 4, 0.01% 5.00%
Stearns Lending 5, 0.01% 5.00%
City Bank 6, 0.01% 10.00%
First Community Mortgage Inc 7, 0.01% 5.00%
Quicken Loans 8, 0.02% 25.00%

* Data is compiled for the Alamogordo, NM commuting zone area, which comprises of counties of Lincoln County, NM, and Otero County, NM. This includes cities/towns/communities of Alamogordo, NM as well as Ruidoso, NM, Ruidoso Downs, NM, Cloudcroft, NM, Tularosa, NM, Chaparral, NM, Capitan, NM, La Luz, NM, Boles Acres, NM, Carrizozo, NM, and Mescalero, 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 Alamogordo, NM area. For mortgage lender rankings of other cities, click here.