Top Mortgage Lenders in the Edwardsville, IL area

Which mortgage lender in the Edwardsville, IL 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 Edwardsville, IL 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 Edwardsville, IL area is Fcb Banks, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.21%. This means that Fcb Banks provided a -0.21% lower interest rate for its customers than other lenders in Edwardsville, IL for a similar set of borrowers. Fcb Banks has a market share of 9.0%. On the other hand, the most popular lender in the market is New American Funding, with a market share of 12.1%. However, New American Funding also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.22% relative to those of other lenders. We recommend shopping around before going with this popular lender.

Our detailed rankings of the mortgage lenders for the Edwardsville, IL 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 Edwardsville, IL is Scott Credit Union. 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 Gershman Investment Corp. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Fcb Banks. The cheapest VA mortgage provider is Scott Credit Union. 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
Fcb Banks 1, -0.21% 8.97%
Carrollton Bank 2, -0.20% 7.58%
Scott Credit Union 3, -0.20% 5.34%
United Community Bank 4, -0.18% 2.19%
First Mid Bank & Trust 5, -0.14% 4.72%
Busey Bank 6, -0.12% 2.39%
Flat Branch Mortgage Inc 7, -0.10% 1.52%
CNB Bank and Trust 8, -0.06% 1.19%
Wells Fargo Bank 9, -0.04% 1.94%
Town and Country Banc Mortgage 10, -0.03% 3.01%
Bank Of Springfield 11, -0.03% 2.36%
Fairway Independent Mort Corp 12, -0.02% 1.99%
Guaranteed Rate Inc 13, -0.00% 2.19%
Bank of America 14, 0.00% 1.02%
American Portfolio Mortgage 15, 0.00% 0.80%
Gershman Investment Corp 16, 0.01% 3.70%
Guild Mortgage Company 17, 0.01% 2.06%
Us Bank 18, 0.02% 3.70%
Ark-La-Tex Financial Services 19, 0.03% 0.99%
LeaderOne Financial Corp 20, 0.04% 0.99%
LoanDepot 21, 0.06% 0.89%
Carrington Mortgage Services 22, 0.07% 1.04%
Golden Oak Lending 23, 0.07% 2.54%
Regions Bank 24, 0.08% 2.63%
Quicken Loans 25, 0.10% 5.79%
Petefish Skiles & Co Bank 26, 0.11% 0.82%
Endeavor Capital Mortgage 27, 0.13% 2.88%
Bank of Edwardsville 28, 0.14% 8.43%
DAS Acquisition Company 29, 0.18% 4.23%
New American Funding 30, 0.22% 12.08%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fcb Banks 1, -0.25% 9.80%
Scott Credit Union 2, -0.20% 5.12%
Carrollton Bank 3, -0.20% 7.80%
United Community Bank 4, -0.19% 1.84%
First Mid Bank & Trust 5, -0.16% 4.04%
Busey Bank 6, -0.14% 1.68%
Wells Fargo Bank 7, -0.13% 1.92%
Flat Branch Mortgage Inc 8, -0.13% 2.08%
Us Bank 9, -0.08% 3.44%
Bank of America 10, -0.08% 0.84%
Bank Of Springfield 11, -0.07% 1.64%
Town and Country Banc Mortgage 12, -0.04% 3.92%
Fairway Independent Mort Corp 13, -0.03% 2.68%
CNB Bank and Trust 14, -0.03% 0.84%
Golden Oak Lending 15, -0.02% 0.36%
Regions Bank 16, -0.02% 2.32%
Guaranteed Rate Inc 17, -0.01% 2.76%
American Portfolio Mortgage 18, -0.01% 1.16%
Gershman Investment Corp 19, 0.00% 4.96%
Guild Mortgage Company 20, 0.01% 2.44%
Ark-La-Tex Financial Services 21, 0.02% 1.20%
LeaderOne Financial Corp 22, 0.02% 0.84%
LoanDepot 23, 0.05% 0.48%
Quicken Loans 24, 0.08% 3.08%
Carrington Mortgage Services 25, 0.10% 0.52%
Petefish Skiles & Co Bank 26, 0.13% 0.76%
Endeavor Capital Mortgage 27, 0.16% 3.12%
Bank of Edwardsville 28, 0.19% 7.24%
DAS Acquisition Company 29, 0.22% 5.36%
New American Funding 30, 0.26% 15.79%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Carrollton Bank 1, -0.21% 7.23%
Scott Credit Union 2, -0.18% 5.72%
United Community Bank 3, -0.17% 2.76%
Fcb Banks 4, -0.14% 7.62%
First Mid Bank & Trust 5, -0.11% 5.85%
Busey Bank 6, -0.10% 3.55%
CNB Bank and Trust 7, -0.07% 1.77%
Town and Country Banc Mortgage 8, -0.04% 1.51%
New American Funding 9, 0.00% 5.98%
Flat Branch Mortgage Inc 10, 0.00% 0.59%
Gershman Investment Corp 11, 0.00% 1.64%
Guild Mortgage Company 12, 0.01% 1.45%
Bank Of Springfield 13, 0.01% 3.55%
Fairway Independent Mort Corp 14, 0.01% 0.85%
Guaranteed Rate Inc 15, 0.01% 1.25%
American Portfolio Mortgage 16, 0.02% 0.20%
DAS Acquisition Company 17, 0.04% 2.37%
Ark-La-Tex Financial Services 18, 0.06% 0.66%
Carrington Mortgage Services 19, 0.07% 1.91%
LeaderOne Financial Corp 20, 0.08% 1.25%
Endeavor Capital Mortgage 21, 0.08% 2.50%
LoanDepot 22, 0.08% 1.58%
Bank of America 23, 0.09% 1.31%
Petefish Skiles & Co Bank 24, 0.09% 0.92%
Bank of Edwardsville 25, 0.10% 10.38%
Golden Oak Lending 26, 0.10% 6.11%
Wells Fargo Bank 27, 0.11% 1.97%
Quicken Loans 28, 0.12% 10.25%
Us Bank 29, 0.16% 4.14%
Regions Bank 30, 0.20% 3.15%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Scott Credit Union 1, -0.20% 6.25%
Fcb Banks 2, -0.20% 10.46%
Carrollton Bank 3, -0.19% 8.81%
United Community Bank 4, -0.18% 2.98%
First Mid Bank & Trust 5, -0.12% 6.79%
Busey Bank 6, -0.11% 3.16%
CNB Bank and Trust 7, -0.04% 1.73%
Flat Branch Mortgage Inc 8, -0.04% 0.93%
Wells Fargo Bank 9, -0.03% 2.48%
Bank Of Springfield 10, -0.01% 3.27%
Town and Country Banc Mortgage 11, 0.01% 2.95%
Bank of America 12, 0.02% 1.40%
Guaranteed Rate Inc 13, 0.03% 1.65%
Carrington Mortgage Services 14, 0.03% 0.07%
American Portfolio Mortgage 15, 0.04% 0.68%
Us Bank 16, 0.04% 4.57%
LeaderOne Financial Corp 17, 0.06% 0.93%
Fairway Independent Mort Corp 18, 0.07% 1.22%
Ark-La-Tex Financial Services 19, 0.09% 0.54%
Gershman Investment Corp 20, 0.09% 1.65%
LoanDepot 21, 0.10% 0.61%
Petefish Skiles & Co Bank 22, 0.13% 1.19%
Guild Mortgage Company 23, 0.13% 1.47%
Regions Bank 24, 0.13% 3.06%
DAS Acquisition Company 25, 0.16% 2.70%
Endeavor Capital Mortgage 26, 0.17% 3.34%
Quicken Loans 27, 0.17% 4.13%
Bank of Edwardsville 28, 0.17% 11.50%
Golden Oak Lending 29, 0.18% 2.23%
New American Funding 30, 0.18% 7.23%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fcb Banks 1, -0.23% 11.95%
Scott Credit Union 2, -0.20% 6.29%
United Community Bank 3, -0.17% 2.73%
Carrollton Bank 4, -0.17% 8.84%
First Mid Bank & Trust 5, -0.13% 6.42%
Busey Bank 6, -0.12% 2.23%
Wells Fargo Bank 7, -0.12% 2.73%
Us Bank 8, -0.07% 4.26%
Flat Branch Mortgage Inc 9, -0.06% 1.21%
Bank of America 10, -0.06% 1.21%
Bank Of Springfield 11, -0.05% 2.35%
CNB Bank and Trust 12, -0.01% 1.34%
Golden Oak Lending 13, 0.01% 0.25%
LoanDepot 14, 0.02% 0.13%
Guaranteed Rate Inc 15, 0.02% 2.29%
Town and Country Banc Mortgage 16, 0.02% 3.81%
LeaderOne Financial Corp 17, 0.03% 0.83%
Carrington Mortgage Services 18, 0.03% 0.06%
American Portfolio Mortgage 19, 0.03% 1.08%
Regions Bank 20, 0.03% 2.48%
Fairway Independent Mort Corp 21, 0.08% 1.78%
Gershman Investment Corp 22, 0.09% 2.42%
Ark-La-Tex Financial Services 23, 0.10% 0.45%
Quicken Loans 24, 0.14% 2.80%
Petefish Skiles & Co Bank 25, 0.15% 1.21%
Guild Mortgage Company 26, 0.16% 1.91%
Endeavor Capital Mortgage 27, 0.20% 4.01%
DAS Acquisition Company 28, 0.22% 2.99%
Bank of Edwardsville 29, 0.24% 10.49%
New American Funding 30, 0.25% 9.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Carrollton Bank 1, -0.21% 8.77%
Scott Credit Union 2, -0.20% 6.20%
United Community Bank 3, -0.18% 3.31%
Fcb Banks 4, -0.15% 8.52%
First Mid Bank & Trust 5, -0.10% 7.28%
Busey Bank 6, -0.10% 4.38%
CNB Bank and Trust 7, -0.06% 2.23%
Town and Country Banc Mortgage 8, -0.03% 1.82%
New American Funding 9, -0.02% 4.30%
Flat Branch Mortgage Inc 10, 0.00% 0.58%
Fairway Independent Mort Corp 11, 0.01% 0.50%
Bank Of Springfield 12, 0.02% 4.47%
American Portfolio Mortgage 13, 0.02% 0.17%
Guild Mortgage Company 14, 0.03% 0.91%
Carrington Mortgage Services 15, 0.03% 0.08%
Guaranteed Rate Inc 16, 0.03% 0.83%
Gershman Investment Corp 17, 0.05% 0.66%
DAS Acquisition Company 18, 0.06% 2.32%
Ark-La-Tex Financial Services 19, 0.08% 0.66%
Endeavor Capital Mortgage 20, 0.09% 2.48%
Bank of America 21, 0.10% 1.65%
Petefish Skiles & Co Bank 22, 0.10% 1.16%
Bank of Edwardsville 23, 0.10% 12.82%
LeaderOne Financial Corp 24, 0.10% 1.08%
LoanDepot 25, 0.12% 1.24%
Wells Fargo Bank 26, 0.12% 2.15%
Us Bank 27, 0.17% 4.96%
Quicken Loans 28, 0.19% 5.87%
Golden Oak Lending 29, 0.20% 4.80%
Regions Bank 30, 0.21% 3.80%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fcb Banks 1, -0.34% 4.94%
Carrollton Bank 2, -0.26% 4.61%
Flat Branch Mortgage Inc 3, -0.20% 3.33%
Scott Credit Union 4, -0.19% 1.50%
Regions Bank 5, -0.16% 1.50%
Guild Mortgage Company 6, -0.15% 3.76%
Town and Country Banc Mortgage 7, -0.15% 2.90%
Fairway Independent Mort Corp 8, -0.13% 4.08%
Busey Bank 9, -0.13% 0.64%
Golden Oak Lending 10, -0.12% 4.29%
Us Bank 11, -0.11% 1.50%
Bank of Edwardsville 12, -0.10% 2.04%
Gershman Investment Corp 13, -0.09% 7.73%
United Community Bank 14, -0.09% 0.21%
American Portfolio Mortgage 15, -0.09% 0.86%
Bank Of Springfield 16, -0.07% 0.32%
Guaranteed Rate Inc 17, -0.06% 3.54%
Bank of America 18, -0.05% 0.11%
Ark-La-Tex Financial Services 19, -0.05% 1.93%
Quicken Loans 20, -0.02% 10.09%
LeaderOne Financial Corp 21, -0.01% 0.97%
LoanDepot 22, 0.02% 1.18%
Carrington Mortgage Services 23, 0.03% 3.76%
Endeavor Capital Mortgage 24, 0.05% 1.07%
DAS Acquisition Company 25, 0.20% 8.15%
New American Funding 26, 0.24% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fcb Banks 1, -0.39% 5.37%
Carrollton Bank 2, -0.28% 5.64%
Scott Credit Union 3, -0.22% 1.61%
Flat Branch Mortgage Inc 4, -0.21% 4.03%
Guild Mortgage Company 5, -0.18% 3.76%
Regions Bank 6, -0.17% 1.88%
Town and Country Banc Mortgage 7, -0.16% 3.62%
Fairway Independent Mort Corp 8, -0.15% 4.70%
Busey Bank 9, -0.14% 0.81%
Bank of Edwardsville 10, -0.13% 2.15%
Us Bank 11, -0.13% 1.74%
Gershman Investment Corp 12, -0.11% 8.19%
United Community Bank 13, -0.10% 0.27%
American Portfolio Mortgage 14, -0.10% 1.07%
Bank Of Springfield 15, -0.08% 0.40%
Golden Oak Lending 16, -0.08% 0.67%
Guaranteed Rate Inc 17, -0.07% 4.16%
Bank of America 18, -0.06% 0.13%
Ark-La-Tex Financial Services 19, -0.06% 2.42%
Quicken Loans 20, -0.01% 4.03%
LeaderOne Financial Corp 21, 0.00% 0.81%
LoanDepot 22, 0.03% 1.07%
Carrington Mortgage Services 23, 0.06% 1.61%
Endeavor Capital Mortgage 24, 0.06% 1.07%
DAS Acquisition Company 25, 0.20% 9.93%
New American Funding 26, 0.25% 28.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Golden Oak Lending 1, -0.08% 18.72%
Fcb Banks 2, -0.06% 3.21%
Gershman Investment Corp 3, -0.05% 5.88%
Guild Mortgage Company 4, -0.03% 3.74%
LoanDepot 5, -0.00% 1.60%
Guaranteed Rate Inc 6, -0.00% 1.07%
Carrollton Bank 7, -0.00% 0.53%
LeaderOne Financial Corp 8, 0.00% 1.60%
DAS Acquisition Company 9, 0.00% 1.07%
Scott Credit Union 10, 0.00% 1.07%
Fairway Independent Mort Corp 11, 0.00% 1.60%
Endeavor Capital Mortgage 12, 0.00% 1.07%
Us Bank 13, 0.00% 0.53%
Bank of Edwardsville 14, 0.00% 1.60%
Flat Branch Mortgage Inc 15, 0.02% 0.53%
Quicken Loans 16, 0.03% 34.22%
New American Funding 17, 0.04% 9.63%
Carrington Mortgage Services 18, 0.06% 12.30%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gershman Investment Corp 1, -0.00% 11.11%
Wells Fargo Bank 2, -0.00% 22.22%
First Mid Bank & Trust 3, -0.00% 11.11%
Us Bank 4, -0.00% 11.11%
Scott Credit Union 5, 0.00% 33.33%
Regions Bank 6, 0.00% 11.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.00% 25.00%
Us Bank 2, -0.00% 25.00%
Scott Credit Union 3, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gershman Investment Corp 1, -0.00% 20.00%
Scott Credit Union 2, -0.00% 20.00%
First Mid Bank & Trust 3, -0.00% 20.00%
Wells Fargo Bank 4, -0.00% 20.00%
Regions Bank 5, 0.00% 20.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Scott Credit Union 1, -0.12% 8.00%
Carrollton Bank 2, -0.11% 5.67%
Fcb Banks 3, -0.10% 8.00%
Town and Country Banc Mortgage 4, -0.04% 4.00%
Guaranteed Rate Inc 5, -0.03% 3.00%
United Community Bank 6, -0.03% 1.00%
Fairway Independent Mort Corp 7, -0.03% 2.67%
Busey Bank 8, -0.02% 0.67%
Guild Mortgage Company 9, -0.02% 2.33%
Flat Branch Mortgage Inc 10, -0.02% 1.33%
Carrington Mortgage Services 11, -0.01% 1.67%
Us Bank 12, -0.01% 2.33%
American Portfolio Mortgage 13, -0.00% 1.67%
Regions Bank 14, -0.00% 2.00%
Bank Of Springfield 15, 0.00% 0.33%
LeaderOne Financial Corp 16, 0.00% 1.67%
Wells Fargo Bank 17, 0.01% 2.33%
Bank of America 18, 0.01% 0.33%
LoanDepot 19, 0.01% 2.67%
Ark-La-Tex Financial Services 20, 0.02% 2.33%
Gershman Investment Corp 21, 0.03% 10.00%
Endeavor Capital Mortgage 22, 0.04% 4.33%
DAS Acquisition Company 23, 0.06% 6.33%
Quicken Loans 24, 0.07% 8.00%
New American Funding 25, 0.08% 17.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Carrollton Bank 1, -0.13% 7.82%
Scott Credit Union 2, -0.13% 8.38%
Fcb Banks 3, -0.11% 9.50%
Town and Country Banc Mortgage 4, -0.05% 6.15%
Fairway Independent Mort Corp 5, -0.04% 2.23%
United Community Bank 6, -0.03% 0.56%
Wells Fargo Bank 7, -0.03% 2.23%
Busey Bank 8, -0.03% 0.56%
Flat Branch Mortgage Inc 9, -0.02% 1.68%
Guild Mortgage Company 10, -0.02% 1.68%
Us Bank 11, -0.02% 2.79%
Guaranteed Rate Inc 12, -0.01% 1.12%
American Portfolio Mortgage 13, -0.01% 2.23%
Regions Bank 14, -0.01% 2.79%
Bank Of Springfield 15, -0.00% 0.56%
LeaderOne Financial Corp 16, 0.00% 1.12%
Bank of America 17, 0.00% 0.56%
LoanDepot 18, 0.01% 1.12%
Quicken Loans 19, 0.03% 1.68%
Ark-La-Tex Financial Services 20, 0.04% 2.79%
Gershman Investment Corp 21, 0.04% 13.97%
Endeavor Capital Mortgage 22, 0.05% 3.91%
DAS Acquisition Company 23, 0.09% 7.26%
New American Funding 24, 0.14% 17.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Scott Credit Union 1, -0.11% 7.44%
Fcb Banks 2, -0.07% 5.79%
Guaranteed Rate Inc 3, -0.03% 5.79%
Gershman Investment Corp 4, -0.03% 4.13%
United Community Bank 5, -0.02% 1.65%
Busey Bank 6, -0.02% 0.83%
Fairway Independent Mort Corp 7, -0.02% 3.31%
Guild Mortgage Company 8, -0.02% 3.31%
Town and Country Banc Mortgage 9, -0.01% 0.83%
Ark-La-Tex Financial Services 10, -0.01% 1.65%
DAS Acquisition Company 11, -0.01% 4.96%
New American Funding 12, -0.01% 17.36%
Carrington Mortgage Services 13, -0.01% 4.13%
Carrollton Bank 14, -0.00% 2.48%
Flat Branch Mortgage Inc 15, -0.00% 0.83%
American Portfolio Mortgage 16, 0.01% 0.83%
LeaderOne Financial Corp 17, 0.01% 2.48%
LoanDepot 18, 0.02% 4.96%
Us Bank 19, 0.02% 1.65%
Regions Bank 20, 0.02% 0.83%
Endeavor Capital Mortgage 21, 0.04% 4.96%
Wells Fargo Bank 22, 0.06% 2.48%
Quicken Loans 23, 0.08% 17.36%

* Data is compiled for the Edwardsville, IL commuting zone area, which comprises of counties of Bond County, IL, Calhoun County, IL, Fayette County, IL, Jersey County, IL, and Madison County, IL. This includes cities/towns/communities of Edwardsville, IL as well as Alton, IL, Godfrey, IL, Collinsville, IL, Glen Carbon, IL, Troy, IL, Bethalto, IL, Granite City, IL, Maryville, IL, Highland, IL, Pontoon Beach, IL, Jerseyville, IL, Wood River, IL, Marine, IL, Pierron, IL, Hamel, IL, Greenville, IL, Madison, IL, Brighton, IL, Hartford, IL, Livingston, IL, Elsah, IL, East Alton, IL, Vandalia, IL, Fieldon, IL, Bingham, IL, Grafton, IL, Donnellson, IL, St. Elmo, IL, Farina, IL, Batchtown, IL, Hardin, IL, and Brownstown, IL. 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.

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