Top Mortgage Lenders in Kokomo, IN

Which mortgage lender in the Kokomo, 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 Kokomo, 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 Kokomo, IN area is Plaza Home Mortgage Inc, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.17%. This means that Plaza Home Mortgage Inc provided a -0.17% lower interest rate for its customers than other lenders in Kokomo, IN for a similar set of borrowers. Plaza Home Mortgage Inc has a market share of 5.3%. On the other hand, the most popular lender in the market is Ruoff Home Mortgage, with a market share of 16.1%. 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 Kokomo, 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 Kokomo, IN is Beacon 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 Centier 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 Plaza Home Mortgage Inc. 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 Kokomo, IN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.17% 5.30%
Beacon Credit Union 2, -0.17% 2.87%
Huntington National Bank 3, -0.11% 4.86%
STAR Financial Bank 4, -0.10% 2.31%
First Farmers Bank & Trust 5, -0.07% 12.90%
Centier Bank 6, -0.06% 2.31%
Security Federal Savings Bank 7, -0.02% 4.17%
Ruoff Home Mortgage 8, -0.02% 16.14%
Pnc Bank 9, 0.00% 3.24%
Horizon Bank 10, 0.01% 2.43%
Stockton Mortgage Corporation 11, 0.02% 2.62%
KeyBank National Association 12, 0.04% 2.49%
LoanDepot 13, 0.05% 2.18%
Quicken Loans 14, 0.05% 11.03%
Nationstar Mortgage 15, 0.05% 1.99%
Community First Bank of Indiana 16, 0.10% 5.42%
LeaderOne Financial Corp 17, 0.11% 6.92%
GVC Mortgage Inc 18, 0.14% 10.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.20% 7.12%
Huntington National Bank 2, -0.14% 6.74%
Centier Bank 3, -0.08% 3.13%
Pnc Bank 4, -0.06% 1.80%
First Farmers Bank & Trust 5, -0.06% 11.76%
Beacon Credit Union 6, -0.05% 0.95%
STAR Financial Bank 7, -0.04% 1.04%
Ruoff Home Mortgage 8, -0.03% 20.97%
Security Federal Savings Bank 9, -0.02% 3.61%
Horizon Bank 10, -0.02% 2.37%
Nationstar Mortgage 11, 0.00% 0.57%
Stockton Mortgage Corporation 12, 0.01% 3.13%
KeyBank National Association 13, 0.03% 1.23%
Quicken Loans 14, 0.05% 5.88%
LoanDepot 15, 0.08% 0.76%
LeaderOne Financial Corp 16, 0.12% 8.06%
GVC Mortgage Inc 17, 0.13% 15.84%
Community First Bank of Indiana 18, 0.16% 5.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Beacon Credit Union 1, -0.18% 6.53%
STAR Financial Bank 2, -0.10% 4.72%
First Farmers Bank & Trust 3, -0.09% 15.06%
Ruoff Home Mortgage 4, -0.03% 6.90%
Plaza Home Mortgage Inc 5, -0.02% 1.81%
Security Federal Savings Bank 6, -0.02% 5.26%
Community First Bank of Indiana 7, 0.01% 6.17%
Huntington National Bank 8, 0.03% 1.27%
Stockton Mortgage Corporation 9, 0.03% 1.63%
Centier Bank 10, 0.03% 0.73%
Pnc Bank 11, 0.05% 5.99%
LoanDepot 12, 0.06% 4.90%
LeaderOne Financial Corp 13, 0.06% 4.72%
Quicken Loans 14, 0.06% 20.87%
KeyBank National Association 15, 0.06% 4.90%
Horizon Bank 16, 0.06% 2.54%
GVC Mortgage Inc 17, 0.07% 1.27%
Nationstar Mortgage 18, 0.09% 4.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Beacon Credit Union 1, -0.16% 4.54%
STAR Financial Bank 2, -0.09% 3.65%
First Farmers Bank & Trust 3, -0.06% 20.41%
Centier Bank 4, -0.06% 3.25%
Ruoff Home Mortgage 5, -0.05% 13.51%
Huntington National Bank 6, -0.04% 4.64%
Security Federal Savings Bank 7, -0.02% 6.61%
Plaza Home Mortgage Inc 8, -0.00% 0.79%
Pnc Bank 9, 0.01% 4.64%
Stockton Mortgage Corporation 10, 0.02% 1.58%
Horizon Bank 11, 0.03% 2.56%
KeyBank National Association 12, 0.05% 3.94%
LoanDepot 13, 0.06% 0.79%
Quicken Loans 14, 0.10% 8.28%
Nationstar Mortgage 15, 0.10% 0.99%
LeaderOne Financial Corp 16, 0.10% 5.13%
Community First Bank of Indiana 17, 0.11% 8.38%
GVC Mortgage Inc 18, 0.13% 6.31%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Centier Bank 1, -0.09% 4.95%
Huntington National Bank 2, -0.07% 6.77%
Ruoff Home Mortgage 3, -0.07% 18.15%
Pnc Bank 4, -0.06% 2.64%
First Farmers Bank & Trust 5, -0.05% 20.46%
Beacon Credit Union 6, -0.05% 1.65%
STAR Financial Bank 7, -0.03% 1.82%
Plaza Home Mortgage Inc 8, -0.02% 0.99%
Security Federal Savings Bank 9, -0.02% 6.27%
Horizon Bank 10, -0.01% 2.31%
Stockton Mortgage Corporation 11, 0.01% 1.82%
Nationstar Mortgage 12, 0.01% 0.17%
KeyBank National Association 13, 0.03% 2.15%
Quicken Loans 14, 0.08% 4.95%
LeaderOne Financial Corp 15, 0.11% 5.94%
GVC Mortgage Inc 16, 0.11% 10.23%
Community First Bank of Indiana 17, 0.16% 8.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Beacon Credit Union 1, -0.17% 8.82%
STAR Financial Bank 2, -0.09% 6.37%
First Farmers Bank & Trust 3, -0.08% 20.34%
Ruoff Home Mortgage 4, -0.04% 6.62%
Security Federal Savings Bank 5, -0.01% 7.11%
Community First Bank of Indiana 6, 0.02% 7.84%
Plaza Home Mortgage Inc 7, 0.03% 0.49%
Stockton Mortgage Corporation 8, 0.03% 1.23%
Huntington National Bank 9, 0.04% 1.47%
Centier Bank 10, 0.05% 0.74%
Pnc Bank 11, 0.06% 7.60%
LeaderOne Financial Corp 12, 0.07% 3.92%
GVC Mortgage Inc 13, 0.07% 0.49%
KeyBank National Association 14, 0.08% 6.62%
Horizon Bank 15, 0.08% 2.94%
LoanDepot 16, 0.09% 1.96%
Quicken Loans 17, 0.13% 13.24%
Nationstar Mortgage 18, 0.13% 2.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.24% 6.25%
Plaza Home Mortgage Inc 2, -0.22% 14.51%
Pnc Bank 3, -0.02% 0.45%
Horizon Bank 4, -0.02% 2.46%
Centier Bank 5, -0.02% 0.45%
Quicken Loans 6, -0.01% 15.40%
Ruoff Home Mortgage 7, 0.01% 20.54%
Stockton Mortgage Corporation 8, 0.01% 4.02%
Nationstar Mortgage 9, 0.02% 3.79%
LoanDepot 10, 0.06% 2.23%
LeaderOne Financial Corp 11, 0.14% 10.04%
GVC Mortgage Inc 12, 0.16% 19.87%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.25% 7.36%
Plaza Home Mortgage Inc 2, -0.24% 16.08%
Horizon Bank 3, -0.03% 2.72%
Pnc Bank 4, -0.03% 0.54%
Centier Bank 5, -0.02% 0.54%
Nationstar Mortgage 6, -0.01% 1.09%
Ruoff Home Mortgage 7, 0.00% 23.98%
Stockton Mortgage Corporation 8, 0.01% 4.36%
Quicken Loans 9, 0.03% 7.08%
LoanDepot 10, 0.10% 1.09%
LeaderOne Financial Corp 11, 0.15% 11.44%
GVC Mortgage Inc 12, 0.16% 23.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.07% 7.41%
Quicken Loans 2, -0.02% 53.09%
Huntington National Bank 3, 0.01% 1.23%
Ruoff Home Mortgage 4, 0.01% 4.94%
Stockton Mortgage Corporation 5, 0.03% 2.47%
Horizon Bank 6, 0.03% 1.23%
GVC Mortgage Inc 7, 0.04% 2.47%
LoanDepot 8, 0.04% 7.41%
Nationstar Mortgage 9, 0.04% 16.05%
LeaderOne Financial Corp 10, 0.06% 3.70%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Centier Bank 1, -0.02% 25.00%
Horizon Bank 2, -0.00% 25.00%
Community First Bank of Indiana 3, 0.01% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Horizon Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Centier Bank 1, -0.02% 33.33%
Community First Bank of Indiana 2, 0.01% 66.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.06% 8.63%
Huntington National Bank 2, -0.04% 2.16%
Horizon Bank 3, -0.02% 0.72%
Pnc Bank 4, -0.01% 2.16%
Centier Bank 5, -0.01% 0.72%
Quicken Loans 6, -0.01% 17.27%
LeaderOne Financial Corp 7, 0.00% 10.07%
LoanDepot 8, 0.00% 12.23%
Stockton Mortgage Corporation 9, 0.00% 5.76%
Ruoff Home Mortgage 10, 0.01% 21.58%
GVC Mortgage Inc 11, 0.03% 15.11%
Nationstar Mortgage 12, 0.03% 3.60%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.07% 12.50%
Huntington National Bank 2, -0.04% 3.75%
Pnc Bank 3, -0.02% 1.25%
Centier Bank 4, -0.02% 1.25%
LeaderOne Financial Corp 5, -0.02% 8.75%
Quicken Loans 6, -0.01% 7.50%
Stockton Mortgage Corporation 7, 0.00% 7.50%
Nationstar Mortgage 8, 0.01% 1.25%
Ruoff Home Mortgage 9, 0.02% 28.75%
GVC Mortgage Inc 10, 0.03% 22.50%
LoanDepot 11, 0.04% 5.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.03% 3.39%
Ruoff Home Mortgage 2, -0.03% 11.86%
Horizon Bank 3, -0.01% 1.69%
Pnc Bank 4, -0.01% 3.39%
LoanDepot 5, -0.01% 22.03%
Stockton Mortgage Corporation 6, -0.00% 3.39%
Quicken Loans 7, 0.00% 30.51%
LeaderOne Financial Corp 8, 0.02% 11.86%
GVC Mortgage Inc 9, 0.03% 5.08%
Nationstar Mortgage 10, 0.04% 6.78%

* Data is compiled for the Kokomo, IN commuting zone area, which comprises of counties of Cass County, IN, Howard County, IN, Miami County, IN, and Tipton County, IN. This includes cities/towns/communities of Kokomo, IN as well as Logansport, IN, Peru, IN, Tipton, IN, Greentown, IN, Russiaville, IN, Denver, IN, Sharpsville, IN, Galveston, IN, Bunker Hill, IN, Kempton, IN, Windfall City, IN, Converse, IN, Royal Center, IN, and Grissom AFB, 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 Kokomo, IN area. For mortgage lender rankings of other cities, click here.