Top Mortgage Lenders in Bloomington, IN

Which mortgage lender in the Bloomington, 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 Bloomington, 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 Bloomington, IN area is Union Savings Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.18%. This means that Union Savings Bank provided a -0.18% lower interest rate for its customers than other lenders in Bloomington, IN for a similar set of borrowers. Union Savings Bank has a market share of 1.7%. On the other hand, the most popular lender in the market is Ruoff Home Mortgage, with a market share of 21.9%. Ruoff Home Mortgage is an average rate lender in this area, with a “Rate Difference” of -0.07% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Bloomington, 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 Bloomington, IN is Union Savings Bank. 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 MutualBank. 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 Navy Federal Credit Union. 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 Bloomington, IN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Savings Bank 1, -0.18% 1.73%
Old National Bank 2, -0.13% 6.46%
MutualBank 3, -0.09% 2.11%
Evansville Teachers Federal Credit Union 4, -0.09% 1.21%
Ruoff Home Mortgage 5, -0.07% 21.90%
Navy Federal Credit Union 6, -0.04% 1.07%
Crane Credit Union 7, -0.03% 4.27%
Fifth Third Bank, National Association 8, -0.02% 3.98%
German American Bank 9, -0.02% 5.37%
Usaa Federal Savings Bank 10, -0.01% 1.93%
JPMorgan Chase Bank 11, -0.00% 3.26%
American Mortgage Service Company 12, 0.01% 2.57%
LoanDepot 13, 0.02% 1.41%
Primary Residential Mortgage Inc 14, 0.03% 1.15%
Mortgage Masters of Indiana Inc 15, 0.03% 1.90%
Carrington Mortgage Services 16, 0.04% 1.10%
Caliber Home Loans Inc 17, 0.05% 1.56%
Regions Bank 18, 0.06% 1.21%
IU Credit Union 19, 0.06% 13.07%
Fair Way Lending 20, 0.06% 2.63%
Wells Fargo Bank 21, 0.07% 1.07%
The Federal Savings Bank 22, 0.08% 1.47%
First Financial Bank 23, 0.08% 1.10%
Quicken Loans 24, 0.09% 9.75%
Hallmark Home Mortgage 25, 0.09% 0.98%
GVC Mortgage Inc 26, 0.10% 1.13%
Primelending 27, 0.15% 1.93%
Flanagan State Bank 28, 0.17% 2.66%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
IU Credit Union 1, -0.08% 9.52%
Old National Bank 2, -0.06% 5.14%
Ruoff Home Mortgage 3, -0.06% 29.10%
JPMorgan Chase Bank 4, -0.05% 3.08%
Navy Federal Credit Union 5, -0.05% 1.73%
MutualBank 6, -0.04% 1.24%
Usaa Federal Savings Bank 7, -0.02% 2.87%
Union Savings Bank 8, -0.02% 0.97%
German American Bank 9, -0.02% 6.87%
Fifth Third Bank, National Association 10, -0.01% 3.57%
Evansville Teachers Federal Credit Union 11, -0.00% 0.59%
Primary Residential Mortgage Inc 12, 0.02% 0.81%
LoanDepot 13, 0.04% 0.27%
Mortgage Masters of Indiana Inc 14, 0.05% 2.60%
Wells Fargo Bank 15, 0.05% 1.03%
First Financial Bank 16, 0.05% 0.97%
American Mortgage Service Company 17, 0.06% 2.70%
Regions Bank 18, 0.06% 1.14%
Fair Way Lending 19, 0.07% 4.27%
Caliber Home Loans Inc 20, 0.07% 1.57%
Crane Credit Union 21, 0.07% 1.89%
The Federal Savings Bank 22, 0.09% 2.11%
Carrington Mortgage Services 23, 0.09% 0.38%
Quicken Loans 24, 0.09% 5.84%
Hallmark Home Mortgage 25, 0.09% 1.30%
GVC Mortgage Inc 26, 0.10% 1.89%
Primelending 27, 0.16% 2.33%
Flanagan State Bank 28, 0.19% 4.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Savings Bank 1, -0.25% 2.60%
Old National Bank 2, -0.18% 7.98%
Ruoff Home Mortgage 3, -0.11% 13.68%
Evansville Teachers Federal Credit Union 4, -0.11% 1.92%
MutualBank 5, -0.11% 3.09%
Crane Credit Union 6, -0.06% 6.99%
American Mortgage Service Company 7, -0.05% 2.41%
Fifth Third Bank, National Association 8, -0.02% 4.46%
German American Bank 9, -0.02% 3.65%
Mortgage Masters of Indiana Inc 10, -0.00% 1.11%
LoanDepot 11, 0.02% 2.72%
GVC Mortgage Inc 12, 0.03% 0.25%
Usaa Federal Savings Bank 13, 0.03% 0.87%
Navy Federal Credit Union 14, 0.03% 0.31%
Primary Residential Mortgage Inc 15, 0.03% 1.55%
Carrington Mortgage Services 16, 0.04% 1.92%
Caliber Home Loans Inc 17, 0.04% 1.55%
Fair Way Lending 18, 0.04% 0.74%
JPMorgan Chase Bank 19, 0.05% 3.47%
The Federal Savings Bank 20, 0.05% 0.74%
Regions Bank 21, 0.05% 1.30%
Flanagan State Bank 22, 0.07% 0.87%
Quicken Loans 23, 0.09% 14.23%
Hallmark Home Mortgage 24, 0.09% 0.62%
Wells Fargo Bank 25, 0.10% 1.11%
First Financial Bank 26, 0.11% 1.24%
Primelending 27, 0.13% 1.49%
IU Credit Union 28, 0.15% 17.14%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Savings Bank 1, -0.20% 2.04%
Old National Bank 2, -0.14% 7.56%
Evansville Teachers Federal Credit Union 3, -0.10% 1.41%
Ruoff Home Mortgage 4, -0.09% 20.65%
MutualBank 5, -0.08% 2.67%
Crane Credit Union 6, -0.03% 5.49%
German American Bank 7, -0.01% 6.38%
Fifth Third Bank, National Association 8, -0.00% 4.23%
JPMorgan Chase Bank 9, -0.00% 4.15%
LoanDepot 10, -0.00% 0.89%
American Mortgage Service Company 11, 0.00% 2.08%
Primary Residential Mortgage Inc 12, 0.02% 0.85%
Usaa Federal Savings Bank 13, 0.03% 0.89%
Carrington Mortgage Services 14, 0.04% 0.48%
Mortgage Masters of Indiana Inc 15, 0.06% 1.56%
IU Credit Union 16, 0.06% 16.72%
Regions Bank 17, 0.07% 1.26%
Wells Fargo Bank 18, 0.08% 1.33%
Caliber Home Loans Inc 19, 0.08% 1.08%
Fair Way Lending 20, 0.08% 2.52%
First Financial Bank 21, 0.09% 1.22%
Flanagan State Bank 22, 0.12% 1.78%
Hallmark Home Mortgage 23, 0.12% 0.93%
GVC Mortgage Inc 24, 0.13% 0.78%
Navy Federal Credit Union 25, 0.13% 0.44%
The Federal Savings Bank 26, 0.14% 1.00%
Quicken Loans 27, 0.16% 7.30%
Primelending 28, 0.16% 2.30%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
IU Credit Union 1, -0.07% 12.80%
Ruoff Home Mortgage 2, -0.07% 27.45%
Old National Bank 3, -0.07% 6.11%
JPMorgan Chase Bank 4, -0.05% 4.19%
MutualBank 5, -0.03% 1.69%
Evansville Teachers Federal Credit Union 6, -0.02% 0.52%
Union Savings Bank 7, -0.01% 1.03%
German American Bank 8, -0.01% 8.46%
Fifth Third Bank, National Association 9, 0.02% 3.68%
Carrington Mortgage Services 10, 0.03% 0.07%
Usaa Federal Savings Bank 11, 0.03% 1.55%
Primary Residential Mortgage Inc 12, 0.04% 0.52%
LoanDepot 13, 0.05% 0.15%
Wells Fargo Bank 14, 0.05% 1.32%
First Financial Bank 15, 0.06% 1.10%
Crane Credit Union 16, 0.08% 2.58%
American Mortgage Service Company 17, 0.08% 1.91%
Caliber Home Loans Inc 18, 0.08% 1.10%
Fair Way Lending 19, 0.09% 4.27%
Mortgage Masters of Indiana Inc 20, 0.09% 2.28%
Regions Bank 21, 0.09% 1.03%
Quicken Loans 22, 0.12% 5.30%
Hallmark Home Mortgage 23, 0.13% 1.18%
Flanagan State Bank 24, 0.14% 2.94%
GVC Mortgage Inc 25, 0.14% 1.40%
Navy Federal Credit Union 26, 0.14% 0.74%
The Federal Savings Bank 27, 0.16% 1.69%
Primelending 28, 0.17% 2.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Union Savings Bank 1, -0.26% 3.06%
Old National Bank 2, -0.19% 9.04%
Ruoff Home Mortgage 3, -0.14% 13.75%
Evansville Teachers Federal Credit Union 4, -0.11% 2.32%
MutualBank 5, -0.11% 3.66%
American Mortgage Service Company 6, -0.06% 2.24%
Crane Credit Union 7, -0.06% 8.45%
Fifth Third Bank, National Association 8, -0.02% 4.78%
German American Bank 9, -0.02% 4.26%
Mortgage Masters of Indiana Inc 10, -0.01% 0.82%
LoanDepot 11, -0.00% 1.64%
Primary Residential Mortgage Inc 12, 0.01% 1.20%
Flanagan State Bank 13, 0.01% 0.60%
Usaa Federal Savings Bank 14, 0.03% 0.22%
GVC Mortgage Inc 15, 0.03% 0.15%
The Federal Savings Bank 16, 0.03% 0.30%
Carrington Mortgage Services 17, 0.04% 0.90%
Fair Way Lending 18, 0.05% 0.75%
JPMorgan Chase Bank 19, 0.05% 4.11%
Regions Bank 20, 0.06% 1.49%
Caliber Home Loans Inc 21, 0.07% 1.05%
Navy Federal Credit Union 22, 0.08% 0.15%
Hallmark Home Mortgage 23, 0.10% 0.67%
Wells Fargo Bank 24, 0.10% 1.35%
First Financial Bank 25, 0.12% 1.35%
Primelending 26, 0.14% 1.64%
IU Credit Union 27, 0.15% 20.70%
Quicken Loans 28, 0.18% 9.34%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.08% 4.80%
Quicken Loans 2, -0.04% 22.71%
Ruoff Home Mortgage 3, -0.04% 29.48%
Union Savings Bank 4, -0.04% 0.87%
Mortgage Masters of Indiana Inc 5, -0.04% 3.06%
German American Bank 6, -0.02% 1.53%
Regions Bank 7, -0.01% 0.87%
The Federal Savings Bank 8, -0.01% 1.75%
Old National Bank 9, -0.00% 0.87%
IU Credit Union 10, 0.00% 0.22%
Hallmark Home Mortgage 11, 0.01% 0.87%
Carrington Mortgage Services 12, 0.01% 3.93%
Fair Way Lending 13, 0.01% 4.80%
Caliber Home Loans Inc 14, 0.02% 3.06%
Primary Residential Mortgage Inc 15, 0.02% 2.62%
Evansville Teachers Federal Credit Union 16, 0.03% 0.87%
American Mortgage Service Company 17, 0.04% 4.59%
GVC Mortgage Inc 18, 0.04% 2.62%
LoanDepot 19, 0.05% 2.84%
Primelending 20, 0.08% 0.44%
Flanagan State Bank 21, 0.27% 7.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fifth Third Bank, National Association 1, -0.12% 4.55%
Ruoff Home Mortgage 2, -0.06% 39.61%
Mortgage Masters of Indiana Inc 3, -0.05% 4.22%
Union Savings Bank 4, -0.05% 1.30%
German American Bank 5, -0.03% 1.62%
Regions Bank 6, -0.02% 1.30%
The Federal Savings Bank 7, -0.02% 2.60%
Primary Residential Mortgage Inc 8, -0.02% 1.95%
Old National Bank 9, -0.01% 1.30%
IU Credit Union 10, -0.00% 0.32%
Fair Way Lending 11, 0.01% 6.82%
Hallmark Home Mortgage 12, 0.01% 1.30%
Carrington Mortgage Services 13, 0.01% 0.65%
LoanDepot 14, 0.01% 0.65%
Evansville Teachers Federal Credit Union 15, 0.02% 1.30%
Caliber Home Loans Inc 16, 0.04% 2.92%
Quicken Loans 17, 0.04% 9.42%
GVC Mortgage Inc 18, 0.04% 3.25%
American Mortgage Service Company 19, 0.04% 5.52%
Primelending 20, 0.07% 0.65%
Flanagan State Bank 21, 0.29% 8.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.06% 50.00%
American Mortgage Service Company 2, -0.01% 2.67%
German American Bank 3, -0.00% 1.33%
Caliber Home Loans Inc 4, -0.00% 3.33%
Fifth Third Bank, National Association 5, 0.00% 5.33%
GVC Mortgage Inc 6, 0.02% 1.33%
Carrington Mortgage Services 7, 0.03% 10.67%
Fair Way Lending 8, 0.04% 0.67%
Mortgage Masters of Indiana Inc 9, 0.05% 0.67%
Primary Residential Mortgage Inc 10, 0.07% 4.00%
LoanDepot 11, 0.08% 7.33%
Ruoff Home Mortgage 12, 0.12% 8.67%
Flanagan State Bank 13, 0.14% 4.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
MutualBank 1, -0.01% 4.17%
Old National Bank 2, -0.01% 50.00%
JPMorgan Chase Bank 3, -0.00% 4.17%
American Mortgage Service Company 4, 0.00% 4.17%
IU Credit Union 5, 0.00% 4.17%
Quicken Loans 6, 0.00% 4.17%
Ruoff Home Mortgage 7, 0.01% 8.33%
First Financial Bank 8, 0.01% 20.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.00% 50.00%
IU Credit Union 2, -0.00% 8.33%
Quicken Loans 3, -0.00% 8.33%
Ruoff Home Mortgage 4, -0.00% 8.33%
First Financial Bank 5, 0.01% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.01% 50.00%
MutualBank 2, -0.00% 8.33%
JPMorgan Chase Bank 3, 0.00% 8.33%
American Mortgage Service Company 4, 0.01% 8.33%
First Financial Bank 5, 0.01% 16.67%
Ruoff Home Mortgage 6, 0.02% 8.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.12% 8.74%
German American Bank 2, -0.05% 2.45%
Usaa Federal Savings Bank 3, -0.04% 15.03%
LoanDepot 4, -0.00% 4.20%
Mortgage Masters of Indiana Inc 5, -0.00% 3.50%
American Mortgage Service Company 6, -0.00% 3.85%
The Federal Savings Bank 7, 0.01% 5.59%
Old National Bank 8, 0.01% 1.40%
Fair Way Lending 9, 0.01% 0.35%
Union Savings Bank 10, 0.01% 0.35%
Regions Bank 11, 0.01% 1.40%
Caliber Home Loans Inc 12, 0.01% 3.85%
Ruoff Home Mortgage 13, 0.01% 22.73%
Fifth Third Bank, National Association 14, 0.02% 0.70%
Hallmark Home Mortgage 15, 0.02% 1.75%
Primary Residential Mortgage Inc 16, 0.03% 1.75%
Primelending 17, 0.03% 1.05%
Quicken Loans 18, 0.04% 12.59%
Wells Fargo Bank 19, 0.05% 0.35%
GVC Mortgage Inc 20, 0.09% 2.10%
Carrington Mortgage Services 21, 0.09% 2.45%
Flanagan State Bank 22, 0.10% 3.85%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.14% 12.94%
Usaa Federal Savings Bank 2, -0.06% 18.82%
German American Bank 3, -0.05% 4.12%
The Federal Savings Bank 4, -0.03% 4.71%
American Mortgage Service Company 5, -0.01% 4.12%
Mortgage Masters of Indiana Inc 6, 0.01% 2.35%
Regions Bank 7, 0.01% 1.76%
Old National Bank 8, 0.02% 1.18%
Fifth Third Bank, National Association 9, 0.03% 1.18%
Hallmark Home Mortgage 10, 0.03% 2.35%
Quicken Loans 11, 0.03% 3.53%
Primary Residential Mortgage Inc 12, 0.03% 1.18%
LoanDepot 13, 0.03% 0.59%
Primelending 14, 0.04% 0.59%
Caliber Home Loans Inc 15, 0.04% 2.94%
Wells Fargo Bank 16, 0.05% 0.59%
Ruoff Home Mortgage 17, 0.06% 24.71%
GVC Mortgage Inc 18, 0.09% 3.53%
Flanagan State Bank 19, 0.10% 6.47%
Carrington Mortgage Services 20, 0.13% 2.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ruoff Home Mortgage 1, -0.07% 19.83%
Navy Federal Credit Union 2, -0.02% 2.59%
Caliber Home Loans Inc 3, -0.01% 5.17%
LoanDepot 4, -0.01% 9.48%
Mortgage Masters of Indiana Inc 5, -0.01% 5.17%
Old National Bank 6, -0.00% 1.72%
Fair Way Lending 7, 0.01% 0.86%
Union Savings Bank 8, 0.01% 0.86%
Usaa Federal Savings Bank 9, 0.01% 9.48%
American Mortgage Service Company 10, 0.02% 3.45%
Regions Bank 11, 0.02% 0.86%
Hallmark Home Mortgage 12, 0.02% 0.86%
Primelending 13, 0.02% 1.72%
Primary Residential Mortgage Inc 14, 0.03% 2.59%
Quicken Loans 15, 0.04% 25.86%
The Federal Savings Bank 16, 0.04% 6.90%
Carrington Mortgage Services 17, 0.05% 2.59%

* Data is compiled for the Bloomington, IN commuting zone area, which comprises of counties of Daviess County, IN, Greene County, IN, Lawrence County, IN, Martin County, IN, Monroe County, IN, Orange County, IN, and Owen County, IN. This includes cities/towns/communities of Bloomington, IN as well as Ellettsville, IN, Bedford, IN, Smithville-Sanders, IN, Washington, IN, Linton, IN, Avoca, IN, Mitchell, IN, Scotland, IN, Paoli, IN, Montgomery, IN, Williams, IN, Loogootee, IN, Spencer, IN, Elnora, IN, Worthington, IN, Shoals, IN, Bloomfield, IN, Gosport, IN, Orleans, IN, Plainville, IN, Crane, IN, Jasonville, IN, and West Baden Springs, IN. 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 Bloomington, IN area. For mortgage lender rankings of other cities, click here.