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, we provide a data driven ranking of mortgage lenders in the Evansville, 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 Evansville, IN area is Heritgage Federal Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.14%. This means that Heritgage Federal Credit Union provided a -0.14% lower interest rate for its customers than other lenders in Evansville, IN for a similar set of borrowers. Heritgage Federal Credit Union has a market share of 6.9%. On the other hand, the most popular lender in the market is Evansville Teachers Federal Credit Union, with a market share of 27.4%. Evansville Teachers Federal Credit Union is an average rate lender in this area, with a “Rate Difference” of -0.00% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for 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, 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 (for example, above $510,400 in 2020), 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. 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 Evansville, IN

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heritgage Federal Credit Union 1, -0.14% 6.90%
German American Bank 2, -0.08% 7.35%
Old National Bank 3, -0.05% 8.28%
Navy Federal Credit Union 4, -0.04% 0.71%
Bank of England 5, -0.01% 1.41%
Evansville Federal Credit Unio 6, -0.01% 1.10%
Fifth Third Bank, National Association 7, -0.01% 8.07%
Evansville Teachers Federal Credit Union 8, -0.00% 27.45%
Mortgage Masters of Indiana Inc 9, 0.00% 12.82%
Usaa Federal Savings Bank 10, 0.01% 0.74%
LoanDepot 11, 0.01% 0.89%
Stearns Lending 12, 0.03% 1.41%
JPMorgan Chase Bank 13, 0.05% 0.60%
Regions Bank 14, 0.06% 0.57%
Ruoff Home Mortgage 15, 0.07% 5.18%
Flagstar Bank 16, 0.07% 0.57%
Caliber Home Loans Inc 17, 0.07% 1.94%
Wells Fargo Bank 18, 0.09% 0.86%
FBC Mortgage 19, 0.09% 1.93%
Nationstar Mortgage 20, 0.09% 0.95%
Carrington Mortgage Services 21, 0.09% 0.88%
Quicken Loans 22, 0.09% 6.92%
Freedom Mortgage Corporation 23, 0.10% 0.79%
Fair Way Lending 24, 0.15% 0.71%
GVC Mortgage Inc 25, 0.16% 0.98%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
German American Bank 1, -0.10% 9.18%
Heritgage Federal Credit Union 2, -0.10% 6.48%
Navy Federal Credit Union 3, -0.06% 1.05%
Fifth Third Bank, National Association 4, -0.04% 5.25%
Old National Bank 5, -0.03% 7.11%
Bank of England 6, -0.03% 2.01%
Evansville Teachers Federal Credit Union 7, -0.02% 20.29%
Nationstar Mortgage 8, -0.00% 0.60%
Usaa Federal Savings Bank 9, 0.01% 0.96%
Mortgage Masters of Indiana Inc 10, 0.01% 18.43%
Evansville Federal Credit Unio 11, 0.02% 0.99%
JPMorgan Chase Bank 12, 0.02% 0.66%
Stearns Lending 13, 0.03% 2.34%
LoanDepot 14, 0.05% 0.09%
Regions Bank 15, 0.05% 0.57%
Wells Fargo Bank 16, 0.05% 1.02%
Quicken Loans 17, 0.07% 4.98%
Ruoff Home Mortgage 18, 0.08% 8.13%
FBC Mortgage 19, 0.09% 3.09%
Caliber Home Loans Inc 20, 0.10% 2.55%
Flagstar Bank 21, 0.10% 0.57%
Freedom Mortgage Corporation 22, 0.10% 0.72%
Carrington Mortgage Services 23, 0.13% 0.60%
GVC Mortgage Inc 24, 0.17% 1.35%
Fair Way Lending 25, 0.18% 0.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heritgage Federal Credit Union 1, -0.19% 7.46%
Old National Bank 2, -0.06% 9.84%
Ruoff Home Mortgage 3, -0.06% 1.21%
Mortgage Masters of Indiana Inc 4, -0.04% 5.28%
Evansville Federal Credit Unio 5, -0.03% 1.25%
German American Bank 6, -0.03% 4.88%
Caliber Home Loans Inc 7, 0.01% 1.13%
Usaa Federal Savings Bank 8, 0.01% 0.44%
Fifth Third Bank, National Association 9, 0.01% 11.86%
LoanDepot 10, 0.01% 1.98%
Evansville Teachers Federal Credit Union 11, 0.02% 37.07%
FBC Mortgage 12, 0.02% 0.36%
Stearns Lending 13, 0.03% 0.16%
Navy Federal Credit Union 14, 0.03% 0.24%
Flagstar Bank 15, 0.04% 0.56%
Bank of England 16, 0.05% 0.61%
Carrington Mortgage Services 17, 0.06% 1.25%
Regions Bank 18, 0.06% 0.56%
Fair Way Lending 19, 0.07% 0.36%
Freedom Mortgage Corporation 20, 0.09% 0.89%
JPMorgan Chase Bank 21, 0.09% 0.52%
Quicken Loans 22, 0.11% 9.52%
GVC Mortgage Inc 23, 0.12% 0.48%
Nationstar Mortgage 24, 0.14% 1.41%
Wells Fargo Bank 25, 0.15% 0.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heritgage Federal Credit Union 1, -0.14% 9.36%
German American Bank 2, -0.07% 9.03%
Old National Bank 3, -0.05% 10.35%
Ruoff Home Mortgage 4, -0.03% 3.21%
Evansville Federal Credit Unio 5, -0.01% 1.45%
Fifth Third Bank, National Association 6, -0.00% 10.11%
Bank of England 7, -0.00% 0.77%
Evansville Teachers Federal Credit Union 8, 0.01% 33.86%
Carrington Mortgage Services 9, 0.01% 0.16%
LoanDepot 10, 0.02% 0.52%
Caliber Home Loans Inc 11, 0.03% 0.82%
JPMorgan Chase Bank 12, 0.05% 0.80%
Usaa Federal Savings Bank 13, 0.05% 0.28%
Navy Federal Credit Union 14, 0.05% 0.33%
Mortgage Masters of Indiana Inc 15, 0.08% 8.82%
Regions Bank 16, 0.09% 0.59%
Wells Fargo Bank 17, 0.09% 1.06%
Flagstar Bank 18, 0.10% 0.52%
GVC Mortgage Inc 19, 0.10% 0.28%
Stearns Lending 20, 0.10% 0.38%
Freedom Mortgage Corporation 21, 0.13% 0.16%
FBC Mortgage 22, 0.15% 1.34%
Nationstar Mortgage 23, 0.18% 0.33%
Quicken Loans 24, 0.18% 5.14%
Fair Way Lending 25, 0.19% 0.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heritgage Federal Credit Union 1, -0.10% 9.94%
German American Bank 2, -0.09% 12.34%
Fifth Third Bank, National Association 3, -0.04% 6.68%
Old National Bank 4, -0.02% 9.67%
Ruoff Home Mortgage 5, -0.02% 5.16%
Bank of England 6, -0.02% 1.24%
Evansville Teachers Federal Credit Union 7, -0.01% 24.95%
Evansville Federal Credit Unio 8, 0.02% 1.43%
JPMorgan Chase Bank 9, 0.03% 0.97%
Freedom Mortgage Corporation 10, 0.03% 0.05%
Caliber Home Loans Inc 11, 0.04% 1.06%
Wells Fargo Bank 12, 0.06% 1.34%
Navy Federal Credit Union 13, 0.06% 0.51%
Usaa Federal Savings Bank 14, 0.06% 0.41%
Carrington Mortgage Services 15, 0.07% 0.09%
GVC Mortgage Inc 16, 0.10% 0.37%
Mortgage Masters of Indiana Inc 17, 0.10% 14.09%
Quicken Loans 18, 0.11% 4.83%
Stearns Lending 19, 0.11% 0.64%
Regions Bank 20, 0.12% 0.55%
Flagstar Bank 21, 0.12% 0.64%
FBC Mortgage 22, 0.15% 2.53%
Fair Way Lending 23, 0.22% 0.51%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heritgage Federal Credit Union 1, -0.19% 8.76%
Ruoff Home Mortgage 2, -0.08% 1.20%
Old National Bank 3, -0.07% 11.05%
Evansville Federal Credit Unio 4, -0.03% 1.48%
German American Bank 5, -0.03% 5.60%
Mortgage Masters of Indiana Inc 6, -0.02% 3.35%
Carrington Mortgage Services 7, -0.01% 0.24%
Caliber Home Loans Inc 8, 0.01% 0.57%
Fifth Third Bank, National Association 9, 0.01% 13.68%
Evansville Teachers Federal Credit Union 10, 0.02% 43.11%
LoanDepot 11, 0.02% 1.05%
Stearns Lending 12, 0.02% 0.10%
Usaa Federal Savings Bank 13, 0.03% 0.14%
Navy Federal Credit Union 14, 0.04% 0.14%
FBC Mortgage 15, 0.05% 0.10%
Flagstar Bank 16, 0.06% 0.38%
Bank of England 17, 0.06% 0.29%
Regions Bank 18, 0.07% 0.62%
JPMorgan Chase Bank 19, 0.10% 0.62%
Fair Way Lending 20, 0.10% 0.14%
GVC Mortgage Inc 21, 0.10% 0.19%
Freedom Mortgage Corporation 22, 0.15% 0.29%
Wells Fargo Bank 23, 0.15% 0.77%
Nationstar Mortgage 24, 0.18% 0.67%
Quicken Loans 25, 0.25% 5.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
German American Bank 1, -0.20% 2.63%
Old National Bank 2, -0.11% 1.87%
Mortgage Masters of Indiana Inc 3, -0.08% 26.76%
Regions Bank 4, -0.07% 0.51%
Evansville Teachers Federal Credit Union 5, -0.07% 10.28%
Bank of England 6, -0.03% 3.57%
Quicken Loans 7, -0.03% 11.64%
Stearns Lending 8, -0.01% 4.59%
Fifth Third Bank, National Association 9, -0.01% 2.04%
FBC Mortgage 10, 0.01% 3.82%
Flagstar Bank 11, 0.04% 0.34%
Wells Fargo Bank 12, 0.05% 0.17%
Nationstar Mortgage 13, 0.05% 2.89%
LoanDepot 14, 0.06% 0.85%
Freedom Mortgage Corporation 15, 0.09% 2.46%
Carrington Mortgage Services 16, 0.10% 2.46%
Caliber Home Loans Inc 17, 0.11% 4.93%
Fair Way Lending 18, 0.14% 2.04%
Ruoff Home Mortgage 19, 0.15% 12.74%
GVC Mortgage Inc 20, 0.18% 3.40%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
German American Bank 1, -0.20% 3.28%
Old National Bank 2, -0.13% 2.12%
Mortgage Masters of Indiana Inc 3, -0.08% 28.99%
Evansville Teachers Federal Credit Union 4, -0.08% 11.64%
Regions Bank 5, -0.08% 0.63%
Bank of England 6, -0.05% 3.70%
Nationstar Mortgage 7, -0.02% 1.80%
Fifth Third Bank, National Association 8, -0.02% 2.22%
Stearns Lending 9, -0.02% 5.61%
FBC Mortgage 10, 0.01% 4.34%
Quicken Loans 11, 0.02% 4.97%
LoanDepot 12, 0.04% 0.11%
Flagstar Bank 13, 0.04% 0.42%
Wells Fargo Bank 14, 0.04% 0.21%
Freedom Mortgage Corporation 15, 0.10% 2.33%
Caliber Home Loans Inc 16, 0.13% 5.29%
Ruoff Home Mortgage 17, 0.15% 15.66%
Carrington Mortgage Services 18, 0.16% 1.38%
Fair Way Lending 19, 0.17% 1.90%
GVC Mortgage Inc 20, 0.19% 3.39%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Mortgage Masters of Indiana Inc 1, -0.06% 17.67%
Quicken Loans 2, -0.05% 38.79%
FBC Mortgage 3, -0.00% 1.72%
Caliber Home Loans Inc 4, 0.00% 3.45%
Stearns Lending 5, 0.03% 0.43%
Old National Bank 6, 0.03% 0.86%
Fifth Third Bank, National Association 7, 0.03% 1.29%
Ruoff Home Mortgage 8, 0.04% 0.86%
Bank of England 9, 0.04% 3.02%
Evansville Teachers Federal Credit Union 10, 0.05% 4.74%
Fair Way Lending 11, 0.06% 2.59%
Carrington Mortgage Services 12, 0.06% 6.90%
Freedom Mortgage Corporation 13, 0.07% 3.02%
LoanDepot 14, 0.07% 3.88%
Nationstar Mortgage 15, 0.13% 7.33%
GVC Mortgage Inc 16, 0.13% 3.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.01% 39.47%
Heritgage Federal Credit Union 2, -0.01% 5.26%
Fifth Third Bank, National Association 3, -0.00% 15.79%
Regions Bank 4, 0.01% 2.63%
German American Bank 5, 0.01% 2.63%
JPMorgan Chase Bank 6, 0.01% 2.63%
Evansville Teachers Federal Credit Union 7, 0.01% 28.95%
Wells Fargo Bank 8, 0.02% 2.63%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.02% 31.25%
Fifth Third Bank, National Association 2, -0.01% 25.00%
JPMorgan Chase Bank 3, 0.01% 6.25%
Evansville Teachers Federal Credit Union 4, 0.02% 31.25%
Wells Fargo Bank 5, 0.02% 6.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heritgage Federal Credit Union 1, -0.01% 9.09%
Old National Bank 2, -0.00% 45.45%
Regions Bank 3, 0.00% 4.55%
German American Bank 4, 0.00% 4.55%
Evansville Teachers Federal Credit Union 5, 0.01% 27.27%
Fifth Third Bank, National Association 6, 0.01% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.11% 8.08%
Mortgage Masters of Indiana Inc 2, -0.06% 16.17%
German American Bank 3, -0.03% 2.99%
LoanDepot 4, -0.03% 5.99%
Usaa Federal Savings Bank 5, -0.02% 9.28%
Fifth Third Bank, National Association 6, -0.01% 2.40%
Flagstar Bank 7, -0.00% 2.10%
Old National Bank 8, 0.01% 0.90%
Bank of England 9, 0.01% 2.10%
Caliber Home Loans Inc 10, 0.02% 5.99%
Regions Bank 11, 0.03% 0.30%
Wells Fargo Bank 12, 0.03% 0.60%
Quicken Loans 13, 0.03% 13.77%
Evansville Federal Credit Unio 14, 0.04% 0.60%
Evansville Teachers Federal Credit Union 15, 0.04% 5.99%
Fair Way Lending 16, 0.05% 0.90%
Ruoff Home Mortgage 17, 0.05% 4.19%
GVC Mortgage Inc 18, 0.06% 1.50%
Freedom Mortgage Corporation 19, 0.06% 2.99%
Nationstar Mortgage 20, 0.06% 2.10%
FBC Mortgage 21, 0.06% 2.99%
Stearns Lending 22, 0.07% 3.59%
Carrington Mortgage Services 23, 0.08% 4.49%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.12% 12.06%
Mortgage Masters of Indiana Inc 2, -0.05% 17.09%
German American Bank 3, -0.04% 3.52%
Usaa Federal Savings Bank 4, -0.02% 11.56%
Fifth Third Bank, National Association 5, -0.01% 2.51%
Quicken Loans 6, 0.01% 7.04%
Old National Bank 7, 0.01% 1.01%
Bank of England 8, 0.02% 2.51%
Flagstar Bank 9, 0.03% 0.50%
Caliber Home Loans Inc 10, 0.03% 6.03%
Regions Bank 11, 0.03% 0.50%
Freedom Mortgage Corporation 12, 0.03% 0.50%
Wells Fargo Bank 13, 0.04% 1.01%
Nationstar Mortgage 14, 0.04% 1.51%
Evansville Federal Credit Unio 15, 0.04% 1.01%
LoanDepot 16, 0.05% 1.01%
Evansville Teachers Federal Credit Union 17, 0.05% 9.55%
Fair Way Lending 18, 0.06% 1.51%
GVC Mortgage Inc 19, 0.07% 2.51%
Carrington Mortgage Services 20, 0.07% 2.51%
Ruoff Home Mortgage 21, 0.07% 5.53%
Stearns Lending 22, 0.08% 5.53%
FBC Mortgage 23, 0.09% 3.52%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Mortgage Masters of Indiana Inc 1, -0.08% 14.81%
LoanDepot 2, -0.04% 13.33%
Usaa Federal Savings Bank 3, -0.02% 5.93%
German American Bank 4, -0.02% 2.22%
Flagstar Bank 5, -0.01% 4.44%
Ruoff Home Mortgage 6, -0.01% 2.22%
Caliber Home Loans Inc 7, -0.01% 5.93%
Fifth Third Bank, National Association 8, -0.00% 2.22%
Evansville Teachers Federal Credit Union 9, 0.00% 0.74%
Bank of England 10, 0.00% 1.48%
Old National Bank 11, 0.01% 0.74%
FBC Mortgage 12, 0.01% 2.22%
Navy Federal Credit Union 13, 0.01% 2.22%
Stearns Lending 14, 0.01% 0.74%
Quicken Loans 15, 0.04% 23.70%
Freedom Mortgage Corporation 16, 0.06% 6.67%
Nationstar Mortgage 17, 0.07% 2.96%
Carrington Mortgage Services 18, 0.08% 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 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 Evansville, IN area. For mortgage lender rankings of other cities, click here.