Top Mortgage Lenders in Evansville, IN

Which mortgage lender in the Evansville, IN area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Evansville, IN area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Evansville, IN area in terms of interest rate is Heritgage Federal Credit Union, with an average “Rate Difference” of -0.14%. This means that, comparing similar borrowers, Heritgage Federal Credit Union provided a -0.14% lower interest rate for its customers than other lenders in the area. Heritgage Federal Credit Union has a market share of 6.9%. On the other hand, the most popular lender in the Evansville, IN area is Evansville Teachers Federal Credit Union, with a larger market share of 27.5%. Evansville Teachers Federal Credit Union is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.00% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Evansville, 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, going by historical data, the cheapest lender for Conventional mortgages in Evansville, IN is Heritgage Federal Credit Union. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Old National Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is German American Bank. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Evansville, IN

Mortgage Type:

Purchase/Refinance:

Lender Name	Rate Difference	Rate Rating	Market Share
Heritgage Federal Credit Union	-0.14%	(4.0)	6.90%
German American Bank	-0.08%	(4.0)	7.35%
Old National Bank	-0.05%	(3.5)	8.28%
Navy Federal Credit Union	-0.04%	(3.5)	0.71%
Bank of England AR	-0.01%	(3.5)	1.41%
Evansville Federal Credit Union	-0.01%	(3.5)	1.10%
Fifth Third Bank	-0.01%	(3.5)	8.07%
Evansville Teachers Federal Credit Union	-0.00%	(3.5)	27.45%
Mortgage Masters of Indiana	0.00%	(3.5)	12.82%
USAA	0.01%	(3.5)	0.74%
loanDepot	0.01%	(3.5)	0.90%
Stearns Home Loans	0.03%	(3.5)	1.41%
JPMorgan Chase Bank	0.05%	(3.0)	0.60%
Regions Bank	0.06%	(3.0)	0.57%
Ruoff Mortgage	0.07%	(3.0)	5.18%
Flagstar Bank	0.07%	(3.0)	0.57%
Caliber Home Loans	0.07%	(3.0)	1.94%
Wells Fargo Bank	0.09%	(3.0)	0.86%
FBC Mortgage	0.09%	(3.0)	1.93%
Mr. Cooper	0.09%	(3.0)	0.95%
Carrington Mortgage Services	0.09%	(3.0)	0.88%
Quicken Loans	0.10%	(3.0)	6.90%
Freedom Mortgage Corporation	0.10%	(3.0)	0.79%
Fair Way Lending	0.15%	(2.5)	0.71%
GVC Mortgage	0.16%	(2.5)	0.98%

Lender Name	Rate Difference	Rate Rating	Market Share
German American Bank	-0.10%	(4.0)	9.19%
Heritgage Federal Credit Union	-0.10%	(4.0)	6.48%
Navy Federal Credit Union	-0.06%	(4.0)	1.05%
Fifth Third Bank	-0.04%	(3.5)	5.25%
Old National Bank	-0.03%	(3.5)	7.11%
Bank of England AR	-0.03%	(3.5)	2.01%
Evansville Teachers Federal Credit Union	-0.02%	(3.5)	20.29%
Mr. Cooper	-0.00%	(3.5)	0.60%
USAA	0.01%	(3.5)	0.96%
Mortgage Masters of Indiana	0.01%	(3.5)	18.43%
Evansville Federal Credit Union	0.02%	(3.5)	0.99%
JPMorgan Chase Bank	0.02%	(3.5)	0.66%
Stearns Home Loans	0.03%	(3.5)	2.34%
loanDepot	0.05%	(3.5)	0.09%
Regions Bank	0.05%	(3.0)	0.57%
Wells Fargo Bank	0.05%	(3.0)	1.02%
Quicken Loans	0.08%	(3.0)	4.95%
Ruoff Mortgage	0.08%	(3.0)	8.14%
FBC Mortgage	0.09%	(3.0)	3.09%
Caliber Home Loans	0.10%	(3.0)	2.55%
Flagstar Bank	0.10%	(3.0)	0.57%
Freedom Mortgage Corporation	0.10%	(3.0)	0.72%
Carrington Mortgage Services	0.13%	(3.0)	0.60%
GVC Mortgage	0.17%	(2.5)	1.35%
Fair Way Lending	0.18%	(2.5)	0.96%

Lender Name	Rate Difference	Rate Rating	Market Share
Heritgage Federal Credit Union	-0.19%	(4.5)	7.46%
Old National Bank	-0.06%	(4.0)	9.84%
Ruoff Mortgage	-0.06%	(4.0)	1.21%
Mortgage Masters of Indiana	-0.04%	(3.5)	5.28%
Evansville Federal Credit Union	-0.03%	(3.5)	1.25%
German American Bank	-0.03%	(3.5)	4.88%
Caliber Home Loans	0.01%	(3.5)	1.13%
USAA	0.01%	(3.5)	0.44%
Fifth Third Bank	0.01%	(3.5)	11.86%
loanDepot	0.01%	(3.5)	1.98%
Evansville Teachers Federal Credit Union	0.02%	(3.5)	37.07%
FBC Mortgage	0.02%	(3.5)	0.36%
Stearns Home Loans	0.03%	(3.5)	0.16%
Navy Federal Credit Union	0.03%	(3.5)	0.24%
Flagstar Bank	0.04%	(3.5)	0.56%
Bank of England AR	0.05%	(3.5)	0.61%
Carrington Mortgage Services	0.06%	(3.0)	1.25%
Regions Bank	0.06%	(3.0)	0.56%
Fair Way Lending	0.07%	(3.0)	0.36%
Freedom Mortgage Corporation	0.09%	(3.0)	0.89%
JPMorgan Chase Bank	0.09%	(3.0)	0.52%
Quicken Loans	0.11%	(3.0)	9.52%
GVC Mortgage	0.12%	(3.0)	0.48%
Mr. Cooper	0.14%	(3.0)	1.41%
Wells Fargo Bank	0.15%	(2.5)	0.65%

Lender Name	Rate Difference	Rate Rating	Market Share
Heritgage Federal Credit Union	-0.14%	(4.0)	9.36%
German American Bank	-0.07%	(4.0)	9.04%
Old National Bank	-0.05%	(3.5)	10.35%
Ruoff Mortgage	-0.03%	(3.5)	3.22%
Evansville Federal Credit Union	-0.01%	(3.5)	1.46%
Fifth Third Bank	-0.01%	(3.5)	10.11%
Bank of England AR	-0.00%	(3.5)	0.77%
Evansville Teachers Federal Credit Union	0.01%	(3.5)	33.87%
Carrington Mortgage Services	0.01%	(3.5)	0.16%
loanDepot	0.02%	(3.5)	0.52%
Caliber Home Loans	0.03%	(3.5)	0.82%
JPMorgan Chase Bank	0.05%	(3.0)	0.80%
USAA	0.05%	(3.0)	0.28%
Navy Federal Credit Union	0.05%	(3.0)	0.33%
Mortgage Masters of Indiana	0.08%	(3.0)	8.82%
Regions Bank	0.09%	(3.0)	0.59%
Wells Fargo Bank	0.09%	(3.0)	1.06%
Flagstar Bank	0.10%	(3.0)	0.52%
GVC Mortgage	0.10%	(3.0)	0.28%
Stearns Home Loans	0.10%	(3.0)	0.38%
Freedom Mortgage Corporation	0.13%	(3.0)	0.16%
FBC Mortgage	0.15%	(2.5)	1.34%
Mr. Cooper	0.18%	(2.5)	0.33%
Quicken Loans	0.18%	(2.5)	5.12%
Fair Way Lending	0.19%	(2.5)	0.33%

Lender Name	Rate Difference	Rate Rating	Market Share
Heritgage Federal Credit Union	-0.10%	(4.0)	9.95%
German American Bank	-0.09%	(4.0)	12.34%
Fifth Third Bank	-0.04%	(3.5)	6.68%
Old National Bank	-0.02%	(3.5)	9.67%
Ruoff Mortgage	-0.02%	(3.5)	5.16%
Bank of England AR	-0.02%	(3.5)	1.24%
Evansville Teachers Federal Credit Union	-0.01%	(3.5)	24.97%
Evansville Federal Credit Union	0.02%	(3.5)	1.43%
JPMorgan Chase Bank	0.03%	(3.5)	0.97%
Freedom Mortgage Corporation	0.03%	(3.5)	0.05%
Caliber Home Loans	0.04%	(3.5)	1.06%
Wells Fargo Bank	0.06%	(3.0)	1.34%
Navy Federal Credit Union	0.06%	(3.0)	0.51%
USAA	0.06%	(3.0)	0.41%
Carrington Mortgage Services	0.07%	(3.0)	0.09%
GVC Mortgage	0.10%	(3.0)	0.37%
Mortgage Masters of Indiana	0.10%	(3.0)	14.09%
Quicken Loans	0.11%	(3.0)	4.79%
Stearns Home Loans	0.11%	(3.0)	0.64%
Regions Bank	0.12%	(3.0)	0.55%
Flagstar Bank	0.12%	(3.0)	0.64%
FBC Mortgage	0.15%	(2.5)	2.53%
Fair Way Lending	0.21%	(2.5)	0.51%

Lender Name	Rate Difference	Rate Rating	Market Share
Heritgage Federal Credit Union	-0.19%	(4.5)	8.76%
Ruoff Mortgage	-0.08%	(4.0)	1.20%
Old National Bank	-0.07%	(4.0)	11.05%
Evansville Federal Credit Union	-0.03%	(3.5)	1.48%
German American Bank	-0.03%	(3.5)	5.60%
Mortgage Masters of Indiana	-0.02%	(3.5)	3.35%
Carrington Mortgage Services	-0.01%	(3.5)	0.24%
Caliber Home Loans	0.01%	(3.5)	0.57%
Fifth Third Bank	0.01%	(3.5)	13.68%
Evansville Teachers Federal Credit Union	0.02%	(3.5)	43.11%
loanDepot	0.02%	(3.5)	1.05%
Stearns Home Loans	0.02%	(3.5)	0.10%
USAA	0.03%	(3.5)	0.14%
Navy Federal Credit Union	0.04%	(3.5)	0.14%
FBC Mortgage	0.05%	(3.0)	0.10%
Flagstar Bank	0.06%	(3.0)	0.38%
Bank of England AR	0.06%	(3.0)	0.29%
Regions Bank	0.07%	(3.0)	0.62%
JPMorgan Chase Bank	0.10%	(3.0)	0.62%
Fair Way Lending	0.10%	(3.0)	0.14%
GVC Mortgage	0.10%	(3.0)	0.19%
Freedom Mortgage Corporation	0.15%	(3.0)	0.29%
Wells Fargo Bank	0.15%	(2.5)	0.77%
Mr. Cooper	0.18%	(2.5)	0.67%
Quicken Loans	0.25%	(2.5)	5.45%

Lender Name	Rate Difference	Rate Rating	Market Share
German American Bank	-0.20%	(4.5)	2.63%
Old National Bank	-0.11%	(4.0)	1.87%
Mortgage Masters of Indiana	-0.08%	(4.0)	26.76%
Regions Bank	-0.07%	(4.0)	0.51%
Evansville Teachers Federal Credit Union	-0.07%	(4.0)	10.28%
Bank of England AR	-0.03%	(3.5)	3.57%
Quicken Loans	-0.03%	(3.5)	11.64%
Stearns Home Loans	-0.01%	(3.5)	4.59%
Fifth Third Bank	-0.01%	(3.5)	2.04%
FBC Mortgage	0.01%	(3.5)	3.82%
Flagstar Bank	0.04%	(3.5)	0.34%
Wells Fargo Bank	0.05%	(3.5)	0.17%
Mr. Cooper	0.05%	(3.5)	2.89%
loanDepot	0.06%	(3.0)	0.85%
Freedom Mortgage Corporation	0.09%	(3.0)	2.46%
Carrington Mortgage Services	0.10%	(3.0)	2.46%
Caliber Home Loans	0.11%	(3.0)	4.93%
Fair Way Lending	0.14%	(3.0)	2.04%
Ruoff Mortgage	0.15%	(2.5)	12.74%
GVC Mortgage	0.18%	(2.5)	3.40%

Lender Name	Rate Difference	Rate Rating	Market Share
German American Bank	-0.20%	(4.5)	3.28%
Old National Bank	-0.13%	(4.0)	2.12%
Mortgage Masters of Indiana	-0.08%	(4.0)	28.99%
Evansville Teachers Federal Credit Union	-0.08%	(4.0)	11.64%
Regions Bank	-0.08%	(4.0)	0.63%
Bank of England AR	-0.05%	(4.0)	3.70%
Mr. Cooper	-0.02%	(3.5)	1.80%
Fifth Third Bank	-0.02%	(3.5)	2.22%
Stearns Home Loans	-0.02%	(3.5)	5.61%
FBC Mortgage	0.01%	(3.5)	4.34%
Quicken Loans	0.02%	(3.5)	4.97%
loanDepot	0.04%	(3.5)	0.11%
Flagstar Bank	0.04%	(3.5)	0.42%
Wells Fargo Bank	0.04%	(3.5)	0.21%
Freedom Mortgage Corporation	0.10%	(3.0)	2.33%
Caliber Home Loans	0.13%	(3.0)	5.29%
Ruoff Mortgage	0.15%	(2.5)	15.66%
Carrington Mortgage Services	0.16%	(2.5)	1.38%
Fair Way Lending	0.17%	(2.5)	1.90%
GVC Mortgage	0.19%	(2.5)	3.39%

Lender Name	Rate Difference	Rate Rating	Market Share
Mortgage Masters of Indiana	-0.06%	(4.0)	17.67%
Quicken Loans	-0.05%	(3.5)	38.79%
FBC Mortgage	-0.00%	(3.5)	1.72%
Caliber Home Loans	0.00%	(3.5)	3.45%
Stearns Home Loans	0.03%	(3.5)	0.43%
Old National Bank	0.03%	(3.5)	0.86%
Fifth Third Bank	0.03%	(3.5)	1.29%
Ruoff Mortgage	0.04%	(3.5)	0.86%
Bank of England AR	0.04%	(3.5)	3.02%
Evansville Teachers Federal Credit Union	0.05%	(3.0)	4.74%
Fair Way Lending	0.06%	(3.0)	2.59%
Carrington Mortgage Services	0.06%	(3.0)	6.90%
Freedom Mortgage Corporation	0.07%	(3.0)	3.02%
loanDepot	0.07%	(3.0)	3.88%
Mr. Cooper	0.13%	(3.0)	7.33%
GVC Mortgage	0.13%	(3.0)	3.45%

Lender Name	Rate Difference	Rate Rating	Market Share
Old National Bank	-0.01%	(3.5)	39.47%
Heritgage Federal Credit Union	-0.01%	(3.5)	5.26%
Fifth Third Bank	-0.00%	(3.5)	15.79%
Regions Bank	0.01%	(3.5)	2.63%
German American Bank	0.01%	(3.5)	2.63%
JPMorgan Chase Bank	0.01%	(3.5)	2.63%
Evansville Teachers Federal Credit Union	0.01%	(3.5)	28.95%
Wells Fargo Bank	0.02%	(3.5)	2.63%

Lender Name	Rate Difference	Rate Rating	Market Share
Old National Bank	-0.02%	(3.5)	31.25%
Fifth Third Bank	-0.01%	(3.5)	25.00%
JPMorgan Chase Bank	0.01%	(3.5)	6.25%
Evansville Teachers Federal Credit Union	0.02%	(3.5)	31.25%
Wells Fargo Bank	0.02%	(3.5)	6.25%

Lender Name	Rate Difference	Rate Rating	Market Share
Heritgage Federal Credit Union	-0.01%	(3.5)	9.09%
Old National Bank	-0.00%	(3.5)	45.45%
Regions Bank	0.00%	(3.5)	4.55%
German American Bank	0.00%	(3.5)	4.55%
Evansville Teachers Federal Credit Union	0.01%	(3.5)	27.27%
Fifth Third Bank	0.01%	(3.5)	9.09%

Lender Name	Rate Difference	Rate Rating	Market Share
Navy Federal Credit Union	-0.11%	(4.0)	8.08%
Mortgage Masters of Indiana	-0.06%	(4.0)	16.17%
German American Bank	-0.03%	(3.5)	2.99%
loanDepot	-0.03%	(3.5)	5.99%
USAA	-0.02%	(3.5)	9.28%
Fifth Third Bank	-0.01%	(3.5)	2.40%
Flagstar Bank	-0.00%	(3.5)	2.10%
Old National Bank	0.01%	(3.5)	0.90%
Bank of England AR	0.01%	(3.5)	2.10%
Caliber Home Loans	0.02%	(3.5)	5.99%
Regions Bank	0.03%	(3.5)	0.30%
Wells Fargo Bank	0.03%	(3.5)	0.60%
Quicken Loans	0.03%	(3.5)	13.77%
Evansville Federal Credit Union	0.04%	(3.5)	0.60%
Evansville Teachers Federal Credit Union	0.04%	(3.5)	5.99%
Fair Way Lending	0.05%	(3.0)	0.90%
Ruoff Mortgage	0.05%	(3.0)	4.19%
GVC Mortgage	0.06%	(3.0)	1.50%
Freedom Mortgage Corporation	0.06%	(3.0)	2.99%
Mr. Cooper	0.06%	(3.0)	2.10%
FBC Mortgage	0.06%	(3.0)	2.99%
Stearns Home Loans	0.07%	(3.0)	3.59%
Carrington Mortgage Services	0.08%	(3.0)	4.49%

Lender Name	Rate Difference	Rate Rating	Market Share
Navy Federal Credit Union	-0.12%	(4.0)	12.06%
Mortgage Masters of Indiana	-0.05%	(3.5)	17.09%
German American Bank	-0.04%	(3.5)	3.52%
USAA	-0.02%	(3.5)	11.56%
Fifth Third Bank	-0.01%	(3.5)	2.51%
Quicken Loans	0.01%	(3.5)	7.04%
Old National Bank	0.01%	(3.5)	1.01%
Bank of England AR	0.02%	(3.5)	2.51%
Flagstar Bank	0.03%	(3.5)	0.50%
Caliber Home Loans	0.03%	(3.5)	6.03%
Regions Bank	0.03%	(3.5)	0.50%
Freedom Mortgage Corporation	0.03%	(3.5)	0.50%
Wells Fargo Bank	0.04%	(3.5)	1.01%
Mr. Cooper	0.04%	(3.5)	1.51%
Evansville Federal Credit Union	0.04%	(3.5)	1.01%
loanDepot	0.05%	(3.5)	1.01%
Evansville Teachers Federal Credit Union	0.05%	(3.5)	9.55%
Fair Way Lending	0.06%	(3.0)	1.51%
GVC Mortgage	0.07%	(3.0)	2.51%
Carrington Mortgage Services	0.07%	(3.0)	2.51%
Ruoff Mortgage	0.07%	(3.0)	5.53%
Stearns Home Loans	0.08%	(3.0)	5.53%
FBC Mortgage	0.09%	(3.0)	3.52%

Lender Name	Rate Difference	Rate Rating	Market Share
Mortgage Masters of Indiana	-0.08%	(4.0)	14.81%
loanDepot	-0.04%	(3.5)	13.33%
USAA	-0.02%	(3.5)	5.93%
German American Bank	-0.02%	(3.5)	2.22%
Flagstar Bank	-0.01%	(3.5)	4.44%
Ruoff Mortgage	-0.01%	(3.5)	2.22%
Caliber Home Loans	-0.01%	(3.5)	5.93%
Fifth Third Bank	-0.00%	(3.5)	2.22%
Evansville Teachers Federal Credit Union	0.00%	(3.5)	0.74%
Bank of England AR	0.00%	(3.5)	1.48%
Old National Bank	0.01%	(3.5)	0.74%
FBC Mortgage	0.01%	(3.5)	2.22%
Navy Federal Credit Union	0.01%	(3.5)	2.22%
Stearns Home Loans	0.01%	(3.5)	0.74%
Quicken Loans	0.04%	(3.5)	23.70%
Freedom Mortgage Corporation	0.06%	(3.0)	6.67%
Mr. Cooper	0.07%	(3.0)	2.96%
Carrington Mortgage Services	0.08%	(3.0)	7.41%

* Data is compiled for the Evansville, IN commuting zone area, which comprises of counties of Dubois County, IN, Gibson County, IN, Perry County, IN, Pike County, IN, Posey County, IN, Spencer County, IN, Vanderburgh County, IN, and Warrick County, IN. This includes cities/towns/communities of Evansville, IN as well as Newburgh, IN, Darmstadt, IN, Boonville, IN, Huntingburg, IN, Highland, IN, Princeton, IN, Fort Branch, IN, Chandler, IN, Jasper, IN, Mount Vernon, IN, Tell City, IN, St. Meinrad, IN, Cynthiana, IN, Petersburg, IN, Hatfield, IN, Somerville, IN, Birdseye, IN, Owensville, IN, Holland, IN, Patoka, IN, Lynnville, IN, Troy, IN, Otwell, IN, Tennyson, IN, Rockport, IN, Parkers Settlement, IN, Grandview, IN, New Harmony, IN, Winslow, IN, and Chrisney, IN. Lenders must have made at least 30 loans in the area to be included. Source of the data is 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 conditional on the commuting zone, 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 in Other Cities

This page contains information about the top mortgage lenders in the Evansville, IN area. For mortgage lender rankings in other cities, click here.