Safe Rate Rankings

Best Conventional Mortgage Lenders in Waco

Updated February 5, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders43

Total Loans2,185

Median Rate Spread0.33%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	NAVY FEDERAL CREDIT UNIONCredit Union	Exceptional	Exceptional	Exceptional	Sound	Sound	$1,514Fees	0.205%Below	13
2	TEXELL Credit UnionCredit Union	Exceptional	Exceptional	Sound	Strong	Sound	$1,316Fees	0.236%Above	12
3	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,707Fees	0.452%Above	188
4	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,218Fees	0.323%Above	186
5	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Strong	$1,971Fees	0.228%Above	47
6	Cadence BankBank	Strong	Sound	Exceptional	Strong	Strong	$1,883Fees	0.313%Above	32
7	MEMBERS CHOICE OF CENTRAL TEXAS FEDERAL CREDIT UNIONCredit Union	Strong	Exceptional	Acceptable	Sound	Strong	$1,275Fees	0.407%Below	20
8	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$1,995Fees	0.311%Above	19
9	SWBC MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,584Fees	0.435%Above	255
10	FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,478Fees	0.490%Above	190
11	MOVEMENT MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,671Fees	0.563%Above	108
12	Extraco Banks, National AssociationBank	Strong	Sound	Strong	Strong	Strong	$1,341Fees	0.043%Above	27
13	ARK-LA-TEX FINANCIAL SERVICES, LLC.Independent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$1,602Fees	0.569%Above	22
14	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$3,809Fees	0.360%Above	20
15	CMG MORTGAGE, INC.Independent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$3,780Fees	0.535%Above	47
16	GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Strong	$4,649Fees	0.458%Above	40
17	PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Sound	Sound	$2,597Fees	0.077%Above	16
18	NexBankBank	Strong	Sound	Strong	Strong	Sound	$4,049Fees	0.562%Above	12
19	NEWREZ LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Sound	Strong	$1,560Fees	0.557%Above	41
20	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$3,586Fees	0.395%Above	29
21	NATIONSTAR MORTGAGE LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$3,909Fees	0.265%Above	26
22	PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$4,111Fees	0.534%Above	21
23	Flagstar Bank, N.A.Bank	Strong	Acceptable	Exceptional	Strong	Sound	$1,949Fees	0.289%Above	20
24	KIND LENDING, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$2,062Fees	0.242%Above	16
25	Gateway First BankBank	Strong	Acceptable	Exceptional	Strong	Sound	$3,733Fees	0.120%Above	12
26	LOWER, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Sound	$4,762Fees	0.973%Above	12
27	Wallick & Volk, Inc.Independent Mortgage Company	Strong	Mediocre	Strong	Strong	Exceptional	$3,282Fees	0.368%Above	147
28	CHURCHILL MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Mediocre	Exceptional	Strong	Strong	$3,563Fees	0.652%Above	59
29	SUMMIT FUNDING, INC.Independent Mortgage Company	Strong	Mediocre	Exceptional	Strong	Strong	$3,848Fees	0.706%Above	41
30	NEW AMERICAN FUNDING, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Sound	Sound	$3,734Fees	0.893%Above	20
31	USAA Federal Savings BankBank	Strong	Sound	Strong	Acceptable	Sound	$2,039Fees	0.126%Below	18
32	Susser BankBank	Sound	Acceptable	Sound	Sound	Strong	$3,094Fees	0.481%Above	46
33	Trinity Oaks Mortgage, LLCIndependent Mortgage Company	Sound	Acceptable	Sound	Sound	Strong	$3,044Fees	0.104%Above	42
34	First National Bank TexasBank	Sound	Acceptable	Sound	Sound	Sound	$2,354Fees	0.259%Above	21
35	ROYAL UNITED MORTGAGE LLCIndependent Mortgage Company	Sound	Mediocre	Strong	Strong	Sound	$8,248Fees	1.071%Above	18

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.