Top Mortgage Lenders in Henderson, KY

Which mortgage lender in the Henderson, KY 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 Henderson, KY 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 Henderson, KY area is Independence Bank of Kentucky, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.05%. This means that Independence Bank of Kentucky provided a -0.05% lower interest rate for its customers than other lenders in Henderson, KY for a similar set of borrowers. Independence Bank of Kentucky has a market share of 16.5%. On the other hand, the most popular lender in the market is Evansville Teachers Federal Credit Union, with a market share of 26.2%. Evansville Teachers Federal Credit Union is an average rate lender in this area, with a “Rate Difference” of +0.01% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Henderson, KY 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, Independence Bank of Kentucky is the cheapest mortgage provider for Conventional and Jumbo mortgages in Henderson, KY. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Guaranty Home Mortgage Corporation. The cheapest VA mortgage provider is Magnolia Bank Incorporated. 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 Henderson, KY

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, -0.05% 16.49%
Fifth Third Bank, National Association 2, -0.03% 16.92%
Old National Bank 3, -0.01% 7.97%
Mortgage Masters of Indiana Inc 4, -0.01% 6.36%
Evansville Teachers Federal Credit Union 5, 0.01% 26.19%
Magnolia Bank Incorporated 6, 0.01% 4.42%
Guaranty Home Mortgage Corporation 7, 0.02% 4.63%
Quicken Loans 8, 0.06% 12.28%
Us Bank 9, 0.06% 4.74%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, -0.03% 16.36%
Mortgage Masters of Indiana Inc 2, -0.02% 10.84%
Fifth Third Bank, National Association 3, -0.01% 14.72%
Magnolia Bank Incorporated 4, -0.01% 6.95%
Old National Bank 5, -0.01% 7.16%
Us Bank 6, -0.00% 4.70%
Evansville Teachers Federal Credit Union 7, 0.02% 26.38%
Guaranty Home Mortgage Corporation 8, 0.03% 4.91%
Quicken Loans 9, 0.05% 7.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, -0.07% 16.63%
Fifth Third Bank, National Association 2, -0.03% 19.36%
Old National Bank 3, -0.01% 8.88%
Evansville Teachers Federal Credit Union 4, -0.01% 25.97%
Guaranty Home Mortgage Corporation 5, 0.01% 4.33%
Mortgage Masters of Indiana Inc 6, 0.03% 1.37%
Quicken Loans 7, 0.07% 17.08%
Magnolia Bank Incorporated 8, 0.08% 1.59%
Us Bank 9, 0.13% 4.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, -0.05% 21.50%
Fifth Third Bank, National Association 2, -0.03% 19.80%
Old National Bank 3, -0.01% 9.62%
Evansville Teachers Federal Credit Union 4, 0.00% 26.17%
Guaranty Home Mortgage Corporation 5, 0.03% 4.95%
Us Bank 6, 0.06% 5.94%
Mortgage Masters of Indiana Inc 7, 0.07% 1.84%
Magnolia Bank Incorporated 8, 0.07% 2.40%
Quicken Loans 9, 0.10% 7.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, -0.03% 25.08%
Fifth Third Bank, National Association 2, -0.03% 17.87%
Old National Bank 3, -0.01% 9.09%
Us Bank 4, -0.00% 6.58%
Evansville Teachers Federal Credit Union 5, 0.02% 23.20%
Quicken Loans 6, 0.05% 5.64%
Mortgage Masters of Indiana Inc 7, 0.05% 4.08%
Magnolia Bank Incorporated 8, 0.06% 3.45%
Guaranty Home Mortgage Corporation 9, 0.06% 5.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, -0.07% 18.56%
Fifth Third Bank, National Association 2, -0.03% 21.39%
Old National Bank 3, -0.01% 10.05%
Evansville Teachers Federal Credit Union 4, -0.00% 28.61%
Guaranty Home Mortgage Corporation 5, 0.01% 4.90%
Magnolia Bank Incorporated 6, 0.08% 1.55%
Us Bank 7, 0.13% 5.41%
Quicken Loans 8, 0.14% 9.54%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guaranty Home Mortgage Corporation 1, -0.04% 3.09%
Magnolia Bank Incorporated 2, -0.04% 9.79%
Mortgage Masters of Indiana Inc 3, -0.03% 23.20%
Quicken Loans 4, 0.01% 25.26%
Old National Bank 5, 0.02% 2.58%
Evansville Teachers Federal Credit Union 6, 0.02% 28.35%
Us Bank 7, 0.03% 0.52%
Fifth Third Bank, National Association 8, 0.04% 7.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Magnolia Bank Incorporated 1, -0.05% 11.92%
Mortgage Masters of Indiana Inc 2, -0.04% 25.83%
Guaranty Home Mortgage Corporation 3, -0.04% 3.97%
Old National Bank 4, 0.02% 3.31%
Evansville Teachers Federal Credit Union 5, 0.02% 34.44%
Us Bank 6, 0.03% 0.66%
Fifth Third Bank, National Association 7, 0.04% 7.95%
Quicken Loans 8, 0.06% 11.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 72.09%
Evansville Teachers Federal Credit Union 2, 0.02% 6.98%
Mortgage Masters of Indiana Inc 3, 0.02% 13.95%
Fifth Third Bank, National Association 4, 0.03% 4.65%
Magnolia Bank Incorporated 5, 0.03% 2.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, 0.00% 50.00%
Old National Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Magnolia Bank Incorporated 1, -0.02% 20.00%
Fifth Third Bank, National Association 2, -0.00% 12.00%
Us Bank 3, -0.00% 4.00%
Guaranty Home Mortgage Corporation 4, 0.00% 8.00%
Quicken Loans 5, 0.00% 40.00%
Evansville Teachers Federal Credit Union 6, 0.01% 12.00%
Mortgage Masters of Indiana Inc 7, 0.02% 4.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Magnolia Bank Incorporated 1, -0.02% 27.78%
Fifth Third Bank, National Association 2, -0.00% 16.67%
Us Bank 3, -0.00% 5.56%
Guaranty Home Mortgage Corporation 4, 0.00% 11.11%
Quicken Loans 5, 0.01% 16.67%
Evansville Teachers Federal Credit Union 6, 0.01% 16.67%
Mortgage Masters of Indiana Inc 7, 0.02% 5.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%

* Data is compiled for the Henderson, KY commuting zone area, which comprises of counties of Caldwell County, KY, Crittenden County, KY, Henderson County, KY, Hopkins County, KY, Lyon County, KY, Union County, KY, and Webster County, KY. This includes cities/towns/communities of Henderson, KY as well as Madisonville, KY, Spottsville, KY, Corydon, KY, Princeton, KY, Robards, KY, Kuttawa, KY, Nebo, KY, Slaughters, KY, White Plains, KY, Waverly, KY, Sturgis, KY, Hanson, KY, Mortons Gap, KY, Dixon, KY, Morganfield, KY, Providence, KY, Dawson Springs, KY, Marion, KY, Fredonia, KY, Dycusburg, KY, Wheatcroft, KY, Uniontown, KY, Crayne, KY, and Tolu, KY. 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 Henderson, KY area. For mortgage lender rankings of other cities, click here.