Top Mortgage Lenders in the Defiance, OH area

Which mortgage lender in the Defiance, OH 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 Defiance, OH 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 Defiance, OH area is The State Bank and Trust Company, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.12%. This means that The State Bank and Trust Company provided a -0.12% lower interest rate for its customers than other lenders in Defiance, OH for a similar set of borrowers. The State Bank and Trust Company has a market share of 17.3%. On the other hand, the most popular lender in the market is First Federal Bank of the Midwest, with a market share of 26.0%. First Federal Bank of the Midwest is also a relatively cheap lender, with a “Rate Difference” of -0.11% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Defiance, OH 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 Defiance, OH is The State Bank and Trust Company. 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 Pnc Bank. 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.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The State Bank and Trust Company 1, -0.12% 17.31%
First Federal Bank of the Midwest 2, -0.11% 26.05%
The Farmers & Merchants State Bank 3, 0.04% 14.43%
KeyBank National Association 4, 0.04% 1.84%
Equity Resources Inc 5, 0.06% 2.70%
Fifth Third Bank, National Association 6, 0.06% 5.98%
Huntington National Bank 7, 0.09% 16.33%
Union Home Mortgage Company 8, 0.09% 1.78%
Ruoff Home Mortgage 9, 0.12% 2.13%
Pnc Bank 10, 0.14% 3.74%
Quicken Loans 11, 0.18% 7.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The State Bank and Trust Company 1, -0.09% 17.00%
First Federal Bank of the Midwest 2, -0.08% 28.26%
Huntington National Bank 3, 0.04% 16.89%
The Farmers & Merchants State Bank 4, 0.05% 13.35%
KeyBank National Association 5, 0.06% 1.36%
Equity Resources Inc 6, 0.07% 3.65%
Fifth Third Bank, National Association 7, 0.07% 4.48%
Union Home Mortgage Company 8, 0.08% 2.50%
Pnc Bank 9, 0.08% 2.92%
Ruoff Home Mortgage 10, 0.12% 3.55%
Quicken Loans 11, 0.19% 6.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The State Bank and Trust Company 1, -0.15% 17.69%
First Federal Bank of the Midwest 2, -0.14% 23.33%
The Farmers & Merchants State Bank 3, 0.02% 15.77%
Equity Resources Inc 4, 0.03% 1.54%
KeyBank National Association 5, 0.03% 2.44%
Fifth Third Bank, National Association 6, 0.05% 7.82%
Ruoff Home Mortgage 7, 0.06% 0.38%
Union Home Mortgage Company 8, 0.11% 0.90%
Huntington National Bank 9, 0.15% 15.64%
Quicken Loans 10, 0.18% 9.74%
Pnc Bank 11, 0.18% 4.74%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The State Bank and Trust Company 1, -0.13% 17.84%
First Federal Bank of the Midwest 2, -0.11% 29.43%
The Farmers & Merchants State Bank 3, 0.04% 16.34%
KeyBank National Association 4, 0.04% 1.89%
Equity Resources Inc 5, 0.05% 1.69%
Fifth Third Bank, National Association 6, 0.06% 6.38%
Union Home Mortgage Company 7, 0.09% 1.69%
Huntington National Bank 8, 0.13% 14.78%
Ruoff Home Mortgage 9, 0.14% 1.30%
Pnc Bank 10, 0.15% 3.84%
Quicken Loans 11, 0.29% 4.82%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The State Bank and Trust Company 1, -0.10% 16.97%
First Federal Bank of the Midwest 2, -0.09% 33.21%
The Farmers & Merchants State Bank 3, 0.05% 15.74%
Equity Resources Inc 4, 0.06% 2.34%
KeyBank National Association 5, 0.06% 1.23%
Fifth Third Bank, National Association 6, 0.07% 4.80%
Union Home Mortgage Company 7, 0.09% 2.34%
Pnc Bank 8, 0.09% 2.83%
Huntington National Bank 9, 0.09% 14.27%
Ruoff Home Mortgage 10, 0.15% 2.21%
Quicken Loans 11, 0.28% 4.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
The State Bank and Trust Company 1, -0.15% 18.81%
First Federal Bank of the Midwest 2, -0.14% 25.17%
Equity Resources Inc 3, 0.01% 0.97%
The Farmers & Merchants State Bank 4, 0.02% 17.01%
KeyBank National Association 5, 0.04% 2.63%
Fifth Third Bank, National Association 6, 0.05% 8.16%
Ruoff Home Mortgage 7, 0.06% 0.28%
Union Home Mortgage Company 8, 0.11% 0.97%
Huntington National Bank 9, 0.17% 15.35%
Pnc Bank 10, 0.19% 4.98%
Quicken Loans 11, 0.30% 5.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.10% 29.81%
The State Bank and Trust Company 2, -0.06% 11.80%
Fifth Third Bank, National Association 3, 0.04% 2.48%
Quicken Loans 4, 0.05% 30.43%
First Federal Bank of the Midwest 5, 0.05% 0.62%
Pnc Bank 6, 0.06% 2.48%
KeyBank National Association 7, 0.06% 0.62%
Union Home Mortgage Company 8, 0.07% 3.11%
Equity Resources Inc 9, 0.08% 8.70%
Ruoff Home Mortgage 10, 0.10% 9.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.11% 33.62%
The State Bank and Trust Company 2, -0.07% 14.66%
Fifth Third Bank, National Association 3, 0.05% 2.59%
First Federal Bank of the Midwest 4, 0.06% 0.86%
Pnc Bank 5, 0.07% 2.59%
KeyBank National Association 6, 0.08% 0.86%
Union Home Mortgage Company 7, 0.08% 4.31%
Quicken Loans 8, 0.09% 18.10%
Equity Resources Inc 9, 0.10% 9.48%
Ruoff Home Mortgage 10, 0.11% 12.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Huntington National Bank 1, -0.01% 20.00%
Quicken Loans 2, -0.01% 62.22%
The State Bank and Trust Company 3, 0.02% 4.44%
Equity Resources Inc 4, 0.04% 6.67%
Fifth Third Bank, National Association 5, 0.04% 2.22%
Ruoff Home Mortgage 6, 0.04% 2.22%
Pnc Bank 7, 0.05% 2.22%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Pnc Bank 1, -0.03% 4.76%
The State Bank and Trust Company 2, -0.01% 19.05%
Huntington National Bank 3, -0.01% 21.43%
Fifth Third Bank, National Association 4, -0.01% 4.76%
KeyBank National Association 5, -0.01% 4.76%
Ruoff Home Mortgage 6, -0.00% 2.38%
Equity Resources Inc 7, -0.00% 16.67%
Quicken Loans 8, 0.03% 26.19%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Pnc Bank 1, -0.02% 6.67%
Huntington National Bank 2, -0.01% 23.33%
The State Bank and Trust Company 3, -0.00% 26.67%
Fifth Third Bank, National Association 4, -0.00% 3.33%
KeyBank National Association 5, 0.00% 6.67%
Quicken Loans 6, 0.01% 13.33%
Ruoff Home Mortgage 7, 0.01% 3.33%
Equity Resources Inc 8, 0.01% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Equity Resources Inc 1, -0.04% 16.67%
Fifth Third Bank, National Association 2, -0.04% 8.33%
Huntington National Bank 3, -0.02% 16.67%
Quicken Loans 4, 0.02% 58.33%

* Data is compiled for the Defiance, OH commuting zone area, which comprises of counties of Defiance County, OH, Fulton County, OH, Henry County, OH, Paulding County, OH, and Williams County, OH. This includes cities/towns/communities of Defiance, OH as well as Bryan, OH, Wauseon, OH, Napoleon, OH, Fayette, OH, Pettisville, OH, Swanton, OH, Pioneer, OH, Ney, OH, Archbold, OH, Delta, OH, Liberty Center, OH, Lyons, OH, Ridgeville Corners, OH, Montpelier, OH, Stryker, OH, West Unity, OH, Edon, OH, Paulding, OH, Hicksville, OH, Payne, OH, Sherwood, OH, Metamora, OH, Antwerp, OH, Holgate, OH, McClure, OH, Oakwood, OH, Edgerton, OH, and Deshler, OH. 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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