Top Mortgage Lenders in the Terre Haute, IN area

Which mortgage lender in the Terre Haute, IN 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 Terre Haute, IN 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 Terre Haute, IN area is Longview Bank & Trust, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.17%. This means that Longview Bank & Trust provided a -0.17% lower interest rate for its customers than other lenders in Terre Haute, IN for a similar set of borrowers. Longview Bank & Trust has a market share of 3.3%. On the other hand, the most popular lender in the market is Ruoff Home Mortgage, with a market share of 30.3%. Ruoff Home Mortgage is an average rate lender in this area, with a “Rate Difference” of +0.02% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Terre Haute, IN 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 Terre Haute, IN is Longview Bank & Trust. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Fifth Third Bank, National Association. The cheapest VA mortgage provider is Usaa Federal Savings Bank. 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
Longview Bank & Trust 1, -0.17% 3.28%
Old National Bank 2, -0.09% 9.50%
Fifth Third Bank, National Association 3, -0.06% 11.63%
First Mid Bank & Trust 4, -0.04% 4.53%
Usaa Federal Savings Bank 5, -0.04% 2.02%
Caliber Home Loans Inc 6, -0.01% 2.02%
First Financial Bank National Association 7, 0.02% 17.74%
Ruoff Home Mortgage 8, 0.02% 30.29%
First Farmers Bank & Trust 9, 0.03% 3.66%
LoanDepot 10, 0.05% 1.80%
Quicken Loans 11, 0.08% 9.83%
Wells Fargo Bank 12, 0.10% 1.86%
Primelending 13, 0.10% 1.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.13% 5.85%
First Mid Bank & Trust 2, -0.09% 3.30%
Longview Bank & Trust 3, -0.08% 0.99%
Fifth Third Bank, National Association 4, -0.08% 7.75%
Usaa Federal Savings Bank 5, -0.06% 2.47%
Caliber Home Loans Inc 6, -0.03% 2.72%
Ruoff Home Mortgage 7, 0.01% 42.04%
LoanDepot 8, 0.02% 0.91%
First Financial Bank National Association 9, 0.03% 19.54%
First Farmers Bank & Trust 10, 0.03% 3.46%
Quicken Loans 11, 0.05% 6.68%
Wells Fargo Bank 12, 0.06% 1.65%
Primelending 13, 0.09% 2.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Longview Bank & Trust 1, -0.18% 7.75%
Old National Bank 2, -0.06% 16.64%
Fifth Third Bank, National Association 3, -0.03% 19.22%
First Financial Bank National Association 4, -0.01% 14.22%
First Mid Bank & Trust 5, 0.01% 6.95%
Ruoff Home Mortgage 6, 0.02% 7.27%
First Farmers Bank & Trust 7, 0.02% 4.04%
Usaa Federal Savings Bank 8, 0.03% 1.13%
Caliber Home Loans Inc 9, 0.07% 0.65%
Primelending 10, 0.07% 0.32%
LoanDepot 11, 0.08% 3.55%
Quicken Loans 12, 0.12% 15.99%
Wells Fargo Bank 13, 0.16% 2.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Longview Bank & Trust 1, -0.16% 4.60%
Old National Bank 2, -0.08% 12.87%
Fifth Third Bank, National Association 3, -0.04% 14.25%
First Mid Bank & Trust 4, -0.03% 6.36%
Ruoff Home Mortgage 5, -0.01% 20.08%
First Financial Bank National Association 6, 0.03% 24.37%
First Farmers Bank & Trust 7, 0.04% 5.13%
Usaa Federal Savings Bank 8, 0.05% 0.46%
Caliber Home Loans Inc 9, 0.07% 1.00%
LoanDepot 10, 0.11% 0.84%
Primelending 11, 0.12% 1.30%
Wells Fargo Bank 12, 0.12% 2.38%
Quicken Loans 13, 0.19% 6.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.12% 8.41%
First Mid Bank & Trust 2, -0.07% 5.17%
Longview Bank & Trust 3, -0.07% 1.55%
Fifth Third Bank, National Association 4, -0.06% 9.06%
Ruoff Home Mortgage 5, -0.02% 29.50%
LoanDepot 6, 0.03% 0.39%
First Financial Bank National Association 7, 0.04% 29.88%
Usaa Federal Savings Bank 8, 0.04% 0.52%
First Farmers Bank & Trust 9, 0.05% 5.43%
Caliber Home Loans Inc 10, 0.07% 1.29%
Wells Fargo Bank 11, 0.08% 2.33%
Primelending 12, 0.11% 2.07%
Quicken Loans 13, 0.16% 4.40%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Longview Bank & Trust 1, -0.17% 9.02%
Old National Bank 2, -0.05% 19.36%
Fifth Third Bank, National Association 3, -0.02% 21.80%
First Financial Bank National Association 4, -0.00% 16.35%
Ruoff Home Mortgage 5, 0.01% 6.39%
First Mid Bank & Trust 6, 0.02% 8.08%
First Farmers Bank & Trust 7, 0.03% 4.70%
Usaa Federal Savings Bank 8, 0.06% 0.38%
Primelending 9, 0.08% 0.19%
Caliber Home Loans Inc 10, 0.08% 0.56%
LoanDepot 11, 0.16% 1.50%
Wells Fargo Bank 12, 0.17% 2.44%
Quicken Loans 13, 0.22% 9.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.11% 5.53%
Caliber Home Loans Inc 2, -0.11% 4.77%
Old National Bank 3, -0.05% 1.51%
Quicken Loans 4, -0.05% 18.34%
First Financial Bank National Association 5, -0.04% 1.51%
LoanDepot 6, 0.01% 2.01%
Ruoff Home Mortgage 7, 0.03% 63.07%
Primelending 8, 0.08% 3.27%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.12% 5.67%
Caliber Home Loans Inc 2, -0.12% 5.10%
Quicken Loans 3, -0.05% 12.18%
Old National Bank 4, -0.05% 1.70%
First Financial Bank National Association 5, -0.05% 1.42%
LoanDepot 6, 0.01% 1.70%
Ruoff Home Mortgage 7, 0.03% 68.84%
Primelending 8, 0.08% 3.40%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.02% 66.67%
Caliber Home Loans Inc 2, 0.01% 2.22%
First Financial Bank National Association 3, 0.01% 2.22%
Fifth Third Bank, National Association 4, 0.02% 4.44%
Primelending 5, 0.03% 2.22%
LoanDepot 6, 0.04% 4.44%
Ruoff Home Mortgage 7, 0.07% 17.78%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.08% 24.03%
Fifth Third Bank, National Association 2, -0.02% 3.88%
First Financial Bank National Association 3, -0.01% 0.78%
Wells Fargo Bank 4, -0.01% 2.33%
LoanDepot 5, -0.00% 10.85%
Quicken Loans 6, 0.02% 18.60%
Primelending 7, 0.03% 3.10%
Caliber Home Loans Inc 8, 0.04% 3.88%
Ruoff Home Mortgage 9, 0.04% 32.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.08% 29.89%
Fifth Third Bank, National Association 2, -0.02% 4.60%
Wells Fargo Bank 3, -0.02% 2.30%
First Financial Bank National Association 4, -0.01% 1.15%
LoanDepot 5, 0.01% 2.30%
Primelending 6, 0.03% 4.60%
Quicken Loans 7, 0.04% 4.60%
Caliber Home Loans Inc 8, 0.04% 5.75%
Ruoff Home Mortgage 9, 0.05% 44.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.03% 11.90%
Ruoff Home Mortgage 2, -0.01% 7.14%
LoanDepot 3, -0.01% 28.57%
Fifth Third Bank, National Association 4, 0.01% 2.38%
Quicken Loans 5, 0.01% 47.62%
Wells Fargo Bank 6, 0.02% 2.38%

* Data is compiled for the Terre Haute, IN commuting zone area, which comprises of counties of Clark County, IL, Edgar County, IL, Clay County, IN, Parke County, IN, Sullivan County, IN, Vermillion County, IN, and Vigo County, IN. This includes cities/towns/communities of Terre Haute, IN as well as North Terre Haute, IN, Riley, IN, Paris, IL, Sullivan, IN, Rosedale, IN, Hymera, IN, Knightsville, IN, Rockville, IN, Brazil, IN, West Union, IL, Marshall, IL, Clinton, IN, St. Bernice, IN, St. Mary of the Woods, IN, Staunton, IN, Center Point, IN, Toad Hop, IN, Bloomingdale, IN, Harmony, IN, Kansas, IL, Clay City, IN, Merom, IN, Mecca, IN, Dugger, IN, Dana, IN, Universal, IN, Chrisman, IL, Casey, IL, Carlisle, IN, Perrysville, IN, West Terre Haute, IN, Westfield, IL, and Hume, 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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