Top Mortgage Lenders in Roswell, NM

Which mortgage lender in the Roswell, 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 Roswell, 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 Roswell, NM area is First American Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.13%. This means that First American Bank provided a -0.13% lower interest rate for its customers than other lenders in Roswell, NM for a similar set of borrowers. First American Bank has a market share of 6.4%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 30.6%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.00% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Roswell, 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, First American Bank is the cheapest mortgage provider for Conventional and Jumbo mortgages in Roswell, NM. 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 Usaa Federal Savings 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 Roswell, NM

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.13% 6.37%
Wells Fargo Bank 2, -0.07% 10.46%
Pioneer Bank 3, -0.04% 7.57%
Michigan Mutual Inc DBA MiMutual Mortgage 4, -0.03% 4.48%
Waterstone Mortgage Corp 5, -0.02% 4.18%
Usaa Federal Savings Bank 6, -0.00% 4.18%
CMG Mortgage Inc 7, 0.00% 11.25%
Quicken Loans 8, 0.00% 30.58%
Gateway First Bank 9, 0.01% 6.57%
Homeowners Financial Group 10, 0.06% 3.29%
Stearns Lending 11, 0.11% 4.38%
Amcap Mortgage Ltd 12, 0.19% 6.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.13% 7.16%
Wells Fargo Bank 2, -0.09% 12.03%
Pioneer Bank 3, -0.06% 7.43%
Michigan Mutual Inc DBA MiMutual Mortgage 4, -0.03% 5.54%
Waterstone Mortgage Corp 5, -0.01% 5.00%
Quicken Loans 6, -0.01% 18.11%
Usaa Federal Savings Bank 7, -0.00% 4.46%
CMG Mortgage Inc 8, 0.01% 14.19%
Gateway First Bank 9, 0.01% 7.84%
Homeowners Financial Group 10, 0.07% 4.32%
Stearns Lending 11, 0.12% 5.54%
Amcap Mortgage Ltd 12, 0.21% 8.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.07% 4.17%
Quicken Loans 2, -0.01% 65.53%
Pioneer Bank 3, -0.00% 7.95%
Usaa Federal Savings Bank 4, 0.00% 3.41%
Waterstone Mortgage Corp 5, 0.02% 1.89%
CMG Mortgage Inc 6, 0.03% 3.03%
Michigan Mutual Inc DBA MiMutual Mortgage 7, 0.03% 1.52%
Gateway First Bank 8, 0.03% 3.03%
Stearns Lending 9, 0.03% 1.14%
Homeowners Financial Group 10, 0.04% 0.38%
Wells Fargo Bank 11, 0.04% 6.06%
Amcap Mortgage Ltd 12, 0.06% 1.89%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.12% 9.04%
Michigan Mutual Inc DBA MiMutual Mortgage 2, -0.09% 5.04%
Waterstone Mortgage Corp 3, -0.07% 3.13%
Wells Fargo Bank 4, -0.06% 16.00%
Gateway First Bank 5, -0.04% 5.57%
Pioneer Bank 6, -0.03% 9.22%
Quicken Loans 7, 0.05% 33.74%
CMG Mortgage Inc 8, 0.07% 7.13%
Homeowners Financial Group 9, 0.07% 2.43%
Usaa Federal Savings Bank 10, 0.08% 3.65%
Amcap Mortgage Ltd 11, 0.08% 3.30%
Stearns Lending 12, 0.18% 1.74%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.11% 11.05%
Waterstone Mortgage Corp 2, -0.07% 3.95%
Michigan Mutual Inc DBA MiMutual Mortgage 3, -0.07% 7.11%
Wells Fargo Bank 4, -0.06% 20.26%
Gateway First Bank 5, -0.04% 6.58%
Pioneer Bank 6, -0.04% 9.21%
Quicken Loans 7, 0.07% 18.68%
CMG Mortgage Inc 8, 0.09% 9.21%
Amcap Mortgage Ltd 9, 0.10% 3.68%
Homeowners Financial Group 10, 0.10% 3.42%
Usaa Federal Savings Bank 11, 0.12% 4.21%
Stearns Lending 12, 0.21% 2.63%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, -0.09% 5.13%
Usaa Federal Savings Bank 2, -0.02% 2.56%
Pioneer Bank 3, -0.01% 9.23%
Quicken Loans 4, -0.00% 63.08%
Waterstone Mortgage Corp 5, 0.01% 1.54%
Gateway First Bank 6, 0.02% 3.59%
CMG Mortgage Inc 7, 0.03% 3.08%
Michigan Mutual Inc DBA MiMutual Mortgage 8, 0.03% 1.03%
Homeowners Financial Group 9, 0.03% 0.51%
Wells Fargo Bank 10, 0.04% 7.69%
Amcap Mortgage Ltd 11, 0.05% 2.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.08% 27.41%
CMG Mortgage Inc 2, -0.08% 17.78%
First American Bank 3, -0.07% 3.21%
Pioneer Bank 4, -0.04% 6.12%
Waterstone Mortgage Corp 5, 0.01% 5.25%
Wells Fargo Bank 6, 0.03% 1.17%
Gateway First Bank 7, 0.04% 8.75%
Homeowners Financial Group 8, 0.04% 3.50%
Stearns Lending 9, 0.06% 9.04%
Michigan Mutual Inc DBA MiMutual Mortgage 10, 0.07% 4.66%
Amcap Mortgage Ltd 11, 0.21% 13.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.12% 17.83%
CMG Mortgage Inc 2, -0.09% 20.63%
First American Bank 3, -0.08% 3.50%
Pioneer Bank 4, -0.06% 6.64%
Waterstone Mortgage Corp 5, 0.00% 5.59%
Wells Fargo Bank 6, 0.02% 1.05%
Gateway First Bank 7, 0.03% 10.14%
Homeowners Financial Group 8, 0.04% 4.20%
Stearns Lending 9, 0.05% 9.79%
Michigan Mutual Inc DBA MiMutual Mortgage 10, 0.07% 4.90%
Amcap Mortgage Ltd 11, 0.20% 15.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.02% 75.44%
First American Bank 2, 0.02% 1.75%
CMG Mortgage Inc 3, 0.03% 3.51%
Waterstone Mortgage Corp 4, 0.04% 3.51%
Michigan Mutual Inc DBA MiMutual Mortgage 5, 0.04% 3.51%
Pioneer Bank 6, 0.05% 3.51%
Stearns Lending 7, 0.06% 5.26%
Gateway First Bank 8, 0.07% 1.75%
Wells Fargo Bank 9, 0.07% 1.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, 0.00% 50.00%
Wells Fargo Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First American Bank 1, 0.00% 50.00%
Wells Fargo Bank 2, 0.00% 50.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.08% 25.00%
Wells Fargo Bank 2, -0.01% 9.52%
Waterstone Mortgage Corp 3, 0.01% 7.14%
Homeowners Financial Group 4, 0.02% 8.33%
Pioneer Bank 5, 0.02% 2.38%
Quicken Loans 6, 0.03% 22.62%
Gateway First Bank 7, 0.03% 4.76%
Stearns Lending 8, 0.04% 3.57%
CMG Mortgage Inc 9, 0.04% 13.10%
Amcap Mortgage Ltd 10, 0.10% 3.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.10% 23.61%
Wells Fargo Bank 2, -0.00% 11.11%
Waterstone Mortgage Corp 3, 0.01% 8.33%
Homeowners Financial Group 4, 0.02% 9.72%
Pioneer Bank 5, 0.03% 1.39%
Gateway First Bank 6, 0.04% 5.56%
Quicken Loans 7, 0.04% 16.67%
Stearns Lending 8, 0.04% 4.17%
CMG Mortgage Inc 9, 0.04% 15.28%
Amcap Mortgage Ltd 10, 0.10% 4.17%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.00% 33.33%
Pioneer Bank 2, -0.00% 8.33%
Quicken Loans 3, 0.00% 58.33%

* Data is compiled for the Roswell, NM commuting zone area, which comprises of counties of Chaves County, NM, and Eddy County, NM. This includes cities/towns/communities of Roswell, NM as well as Carlsbad, NM, Artesia, NM, Atoka, NM, Dexter, NM, Hagerman, NM, Loving, NM, and Midway, 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 Roswell, NM area. For mortgage lender rankings of other cities, click here.