Top Mortgage Lenders in the Hutchinson, KS area

Which mortgage lender in the Hutchinson, KS 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 Hutchinson, KS 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 Hutchinson, KS area is Gateway First Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Gateway First Bank provided a -0.07% lower interest rate for its customers than other lenders in Hutchinson, KS for a similar set of borrowers. Gateway First Bank has a market share of 12.4%. On the other hand, the most popular lender in the market is Heartland Credit Union, with a market share of 30.3%. Heartland Credit Union is also a relatively cheap lender, with a “Rate Difference” of -0.04% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Hutchinson, KS 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 Hutchinson, KS is Open Mortgage. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Gateway First Bank. The cheapest VA mortgage provider is Open Mortgage. 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
Gateway First Bank 1, -0.07% 12.39%
Open Mortgage 2, -0.06% 7.76%
Heartland Credit Union 3, -0.04% 30.30%
Primelending 4, -0.04% 8.06%
Quicken Loans 5, -0.01% 12.69%
Primary Residential Mortgage Inc 6, 0.10% 28.81%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.10% 13.29%
Open Mortgage 2, -0.09% 9.01%
Primelending 3, -0.07% 10.81%
Quicken Loans 4, -0.03% 7.43%
Heartland Credit Union 5, -0.02% 23.20%
Primary Residential Mortgage Inc 6, 0.10% 36.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heartland Credit Union 1, -0.04% 44.25%
Open Mortgage 2, -0.01% 5.31%
Gateway First Bank 3, 0.00% 10.62%
Primelending 4, 0.02% 2.65%
Quicken Loans 5, 0.04% 23.01%
Primary Residential Mortgage Inc 6, 0.05% 14.16%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Open Mortgage 1, -0.03% 6.30%
Gateway First Bank 2, -0.02% 10.17%
Heartland Credit Union 3, -0.01% 49.15%
Primelending 4, 0.00% 7.02%
Primary Residential Mortgage Inc 5, 0.02% 16.95%
Quicken Loans 6, 0.06% 10.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Open Mortgage 1, -0.05% 7.95%
Gateway First Bank 2, -0.04% 9.21%
Primelending 3, -0.03% 10.88%
Primary Residential Mortgage Inc 4, -0.00% 21.76%
Heartland Credit Union 5, 0.02% 43.10%
Quicken Loans 6, 0.04% 7.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Heartland Credit Union 1, -0.03% 57.47%
Open Mortgage 2, -0.02% 4.02%
Gateway First Bank 3, 0.01% 11.49%
Primary Residential Mortgage Inc 4, 0.03% 10.34%
Primelending 5, 0.03% 1.72%
Quicken Loans 6, 0.10% 14.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.15% 14.49%
Quicken Loans 2, -0.13% 16.91%
Open Mortgage 3, -0.12% 10.14%
Primelending 4, -0.11% 8.70%
Primary Residential Mortgage Inc 5, 0.13% 49.76%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Gateway First Bank 1, -0.18% 17.16%
Open Mortgage 2, -0.15% 10.65%
Quicken Loans 3, -0.14% 7.69%
Primelending 4, -0.13% 10.06%
Primary Residential Mortgage Inc 5, 0.13% 54.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.03% 57.89%
Open Mortgage 2, -0.02% 7.89%
Gateway First Bank 3, -0.02% 2.63%
Primelending 4, -0.01% 2.63%
Primary Residential Mortgage Inc 5, 0.07% 28.95%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Open Mortgage 1, -0.04% 10.00%
Gateway First Bank 2, -0.04% 22.00%
Quicken Loans 3, -0.03% 14.00%
Primelending 4, -0.03% 14.00%
Primary Residential Mortgage Inc 5, 0.05% 40.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Open Mortgage 1, -0.06% 8.33%
Gateway First Bank 2, -0.05% 22.22%
Primelending 3, -0.04% 13.89%
Quicken Loans 4, -0.02% 8.33%
Primary Residential Mortgage Inc 5, 0.05% 47.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.02% 28.57%
Open Mortgage 2, -0.00% 14.29%
Gateway First Bank 3, 0.00% 21.43%
Primelending 4, 0.01% 14.29%
Primary Residential Mortgage Inc 5, 0.02% 21.43%

* Data is compiled for the Hutchinson, KS commuting zone area, which comprises of counties of McPherson County, KS, Reno County, KS, and Rice County, KS. This includes cities/towns/communities of Hutchinson, KS as well as McPherson, KS, Moundridge, KS, Willowbrook, KS, Partridge, KS, Buhler, KS, South Hutchinson, KS, Galva, KS, Raymond, KS, Lindsborg, KS, Lyons, KS, Marquette, KS, Plevna, KS, Little River, KS, Nickerson, KS, and Pretty Prairie, KS. 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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