Which mortgage lender in the Canton, OH area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Canton, OH area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Canton, OH area in terms of interest rate is Third Federal Savings & Loan, with an average “Rate Difference” of -0.19%. This means that, comparing similar borrowers, Third Federal Savings & Loan provided a -0.19% lower interest rate for its customers than other lenders in the area. Third Federal Savings & Loan has a market share of 0.8%. On the other hand, the most popular lender in the Canton, OH area is Huntington National Bank, with a larger market share of 17.9%. Huntington National Bank is also a relatively cheap lender, with a “Rate Difference” of -0.16% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Canton, OH 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, going by historical data, the cheapest lender for Conventional mortgages in Canton, OH is Third Federal Savings & Loan. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Huntington National Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Huntington National Bank. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Canton, OH
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.01% | 17.65% | |
| JPMorgan Chase Bank | -0.00% | 11.76% | |
| PNC Bank | -0.00% | 11.76% | |
| Quicken Loans | -0.00% | 17.65% | |
| US Bank | -0.00% | 11.76% | |
| Farm Credit Mid-America | 0.01% | 17.65% | |
| Fifth Third Bank | 0.02% | 11.76% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| JPMorgan Chase Bank | -0.01% | 25.00% | |
| US Bank | -0.00% | 12.50% | |
| Quicken Loans | -0.00% | 25.00% | |
| Farm Credit Mid-America | 0.00% | 37.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.01% | 33.33% | |
| Quicken Loans | -0.00% | 11.11% | |
| PNC Bank | -0.00% | 22.22% | |
| US Bank | 0.00% | 11.11% | |
| Fifth Third Bank | 0.02% | 22.22% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.06% | 14.72% | |
| Caliber Home Loans | -0.05% | 3.05% | |
| Fifth Third Bank | -0.04% | 3.55% | |
| Huntington National Bank | -0.03% | 6.60% | |
| CMG Financial | -0.02% | 1.02% | |
| USAA | -0.02% | 4.06% | |
| Flagstar Bank | -0.02% | 1.52% | |
| Primary Residential Mortgage Inc | -0.02% | 3.05% | |
| Fairway Independent Mortgage Corporation | -0.02% | 1.52% | |
| Polaris Home Funding Corp | -0.01% | 2.03% | |
| Royal United Mortgage | -0.01% | 1.02% | |
| Navy Federal Credit Union | -0.01% | 1.52% | |
| NewRez | -0.01% | 0.51% | |
| PNC Bank | -0.01% | 1.52% | |
| Republic State Mortgage Co | -0.01% | 0.51% | |
| First Federal Lakewood | -0.00% | 0.51% | |
| myCUmortgage | -0.00% | 1.02% | |
| American Midwest Mortgage | -0.00% | 0.51% | |
| Home Point Financial Corporation | 0.00% | 3.05% | |
| Nations Lending Corporation | 0.00% | 1.52% | |
| First Federal Bank of Florida | 0.01% | 3.05% | |
| Union Home Mortgage | 0.01% | 2.03% | |
| US Bank | 0.02% | 1.02% | |
| Signature Mortgage Corporation | 0.02% | 0.51% | |
| Carrington Mortgage Services | 0.03% | 4.06% | |
| Quicken Loans | 0.04% | 28.43% | |
| Mr. Cooper | 0.05% | 4.06% | |
| Freedom Mortgage Corporation | 0.06% | 4.06% |
* Data is compiled for the Canton, OH commuting zone area, which comprises of counties of Carroll County, OH, Coshocton County, OH, Harrison County, OH, Holmes County, OH, Stark County, OH, Tuscarawas County, OH, and Wayne County, OH. This includes cities/towns/communities of Canton, OH as well as Massillon, OH, North Canton, OH, Wooster, OH, Alliance, OH, Louisville, OH, Greentown, OH, Canal Fulton, OH, New Philadelphia, OH, Uniontown, OH, Dover, OH, Perry Heights, OH, Coshocton, OH, Doylestown, OH, Hartville, OH, Orrville, OH, Navarre, OH, Rittman, OH, Meyers Lake, OH, Lake Mohawk, OH, Dellroy, OH, Brewster, OH, Carrollton, OH, East Canton, OH, Richville, OH, Mineral City, OH, Hills and Dales, OH, Minerva, OH, Smithville, OH, Apple Creek, OH, Bolivar, OH, West Lafayette, OH, Uhrichsville, OH, Strasburg, OH, Zoar, OH, West Salem, OH, Newcomerstown, OH, Creston, OH, Robertsville, OH, East Sparta, OH, Burbank, OH, Minerva, OH, Nashville, OH, Nellie, OH, Shreve, OH, Waynesburg, OH, Dalton, OH, Holmesville, OH, Fredericksburg, OH, Warsaw, OH, and Killbuck, OH. Lenders must have made at least 30 loans in the area to be included. Source of the data is 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 conditional on the commuting zone, 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 in Other Cities
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