Top Mortgage Lenders in Owensboro, KY

Which mortgage lender in the Owensboro, 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 Owensboro, 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 Owensboro, KY area is German American Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that German American Bank provided a -0.07% lower interest rate for its customers than other lenders in Owensboro, KY for a similar set of borrowers. German American Bank has a market share of 4.3%. On the other hand, the most popular lender in the market is Evansville Teachers Federal Credit Union, with a market share of 28.4%. 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 Owensboro, 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, the cheapest lender for Conventional mortgages in Owensboro, KY is German American Bank. 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 Evansville Teachers Federal Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Old National Bank. The cheapest VA mortgage provider is Us 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.

Ranking of Mortgage Lenders in Owensboro, KY

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
German American Bank 1, -0.07% 4.27%
Independence Bank of Kentucky 2, -0.07% 11.33%
Old National Bank 3, -0.05% 9.85%
Ruoff Home Mortgage 4, -0.05% 4.04%
Evansville Teachers Federal Credit Union 5, -0.01% 28.42%
Us Bank 6, -0.00% 11.96%
Fifth Third Bank, National Association 7, 0.01% 4.61%
JPMorgan Chase Bank 8, 0.03% 2.45%
Truist Bank 9, 0.04% 2.90%
FBC Mortgage 10, 0.05% 4.73%
South Central Bank Inc 11, 0.07% 3.42%
Quicken Loans 12, 0.08% 10.25%
Sierra Pacific Mortgage 13, 0.18% 1.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Independence Bank of Kentucky 1, -0.08% 10.60%
German American Bank 2, -0.08% 5.25%
Ruoff Home Mortgage 3, -0.05% 5.43%
Us Bank 4, -0.03% 13.18%
Old National Bank 5, -0.02% 7.21%
JPMorgan Chase Bank 6, -0.00% 2.76%
Evansville Teachers Federal Credit Union 7, 0.01% 29.56%
Fifth Third Bank, National Association 8, 0.02% 4.27%
Truist Bank 9, 0.04% 3.21%
FBC Mortgage 10, 0.06% 7.12%
Quicken Loans 11, 0.08% 5.97%
South Central Bank Inc 12, 0.10% 2.76%
Sierra Pacific Mortgage 13, 0.19% 2.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.07% 14.53%
Independence Bank of Kentucky 2, -0.05% 12.64%
German American Bank 3, -0.04% 2.53%
Evansville Teachers Federal Credit Union 4, -0.03% 26.38%
Fifth Third Bank, National Association 5, -0.01% 5.21%
Ruoff Home Mortgage 6, -0.01% 1.58%
FBC Mortgage 7, 0.02% 0.47%
Sierra Pacific Mortgage 8, 0.03% 0.16%
South Central Bank Inc 9, 0.04% 4.58%
Truist Bank 10, 0.04% 2.37%
Us Bank 11, 0.06% 9.79%
Quicken Loans 12, 0.09% 17.85%
JPMorgan Chase Bank 13, 0.11% 1.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
German American Bank 1, -0.08% 4.81%
Ruoff Home Mortgage 2, -0.08% 3.05%
Independence Bank of Kentucky 3, -0.07% 15.18%
Old National Bank 4, -0.04% 11.75%
Evansville Teachers Federal Credit Union 5, 0.00% 26.09%
Us Bank 6, 0.00% 13.20%
Fifth Third Bank, National Association 7, 0.00% 4.50%
JPMorgan Chase Bank 8, 0.03% 3.28%
Truist Bank 9, 0.05% 3.74%
FBC Mortgage 10, 0.08% 3.28%
South Central Bank Inc 11, 0.08% 4.20%
Sierra Pacific Mortgage 12, 0.08% 0.31%
Quicken Loans 13, 0.17% 6.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ruoff Home Mortgage 1, -0.09% 4.10%
German American Bank 2, -0.09% 6.21%
Independence Bank of Kentucky 3, -0.08% 15.72%
Us Bank 4, -0.02% 15.19%
JPMorgan Chase Bank 5, 0.01% 4.10%
Old National Bank 6, 0.01% 8.45%
Fifth Third Bank, National Association 7, 0.02% 4.10%
Evansville Teachers Federal Credit Union 8, 0.03% 24.31%
Truist Bank 9, 0.05% 4.49%
FBC Mortgage 10, 0.09% 5.55%
Sierra Pacific Mortgage 11, 0.11% 0.40%
South Central Bank Inc 12, 0.11% 3.70%
Quicken Loans 13, 0.13% 3.70%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.08% 16.25%
Independence Bank of Kentucky 2, -0.05% 14.44%
German American Bank 3, -0.04% 2.89%
Evansville Teachers Federal Credit Union 4, -0.03% 28.52%
Fifth Third Bank, National Association 5, -0.02% 5.05%
Ruoff Home Mortgage 6, -0.01% 1.62%
Sierra Pacific Mortgage 7, 0.03% 0.18%
FBC Mortgage 8, 0.04% 0.18%
South Central Bank Inc 9, 0.04% 4.87%
Truist Bank 10, 0.04% 2.71%
Us Bank 11, 0.06% 10.47%
JPMorgan Chase Bank 12, 0.11% 2.17%
Quicken Loans 13, 0.18% 10.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.10% 4.71%
Us Bank 2, -0.03% 8.31%
German American Bank 3, -0.03% 2.77%
Evansville Teachers Federal Credit Union 4, -0.03% 36.01%
Ruoff Home Mortgage 5, -0.01% 6.93%
Quicken Loans 6, -0.00% 21.61%
South Central Bank Inc 7, 0.01% 1.11%
Fifth Third Bank, National Association 8, 0.03% 4.99%
FBC Mortgage 9, 0.04% 7.20%
Sierra Pacific Mortgage 10, 0.22% 6.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Old National Bank 1, -0.10% 5.63%
Us Bank 2, -0.04% 8.94%
German American Bank 3, -0.03% 3.31%
Evansville Teachers Federal Credit Union 4, -0.03% 41.72%
Ruoff Home Mortgage 5, -0.02% 8.28%
South Central Bank Inc 6, 0.01% 0.99%
Quicken Loans 7, 0.02% 10.60%
Fifth Third Bank, National Association 8, 0.03% 4.97%
FBC Mortgage 9, 0.04% 7.95%
Sierra Pacific Mortgage 10, 0.22% 7.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 77.97%
South Central Bank Inc 2, 0.02% 1.69%
FBC Mortgage 3, 0.02% 3.39%
Evansville Teachers Federal Credit Union 4, 0.02% 6.78%
Fifth Third Bank, National Association 5, 0.03% 5.08%
Us Bank 6, 0.07% 5.08%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Evansville Teachers Federal Credit Union 1, -0.01% 50.00%
South Central Bank Inc 2, 0.01% 25.00%
Us Bank 3, 0.01% 25.00%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Evansville Teachers Federal Credit Union 1, -0.01% 50.00%
South Central Bank Inc 2, 0.01% 25.00%
Us Bank 3, 0.01% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.02% 7.50%
FBC Mortgage 2, -0.01% 17.50%
Old National Bank 3, -0.01% 2.50%
German American Bank 4, -0.01% 2.50%
Evansville Teachers Federal Credit Union 5, -0.00% 31.25%
Truist Bank 6, -0.00% 2.50%
Fifth Third Bank, National Association 7, 0.00% 5.00%
Ruoff Home Mortgage 8, 0.00% 7.50%
Sierra Pacific Mortgage 9, 0.01% 5.00%
Quicken Loans 10, 0.02% 18.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.02% 9.38%
FBC Mortgage 2, -0.01% 21.88%
German American Bank 3, -0.01% 3.12%
Truist Bank 4, -0.00% 3.12%
Evansville Teachers Federal Credit Union 5, -0.00% 34.38%
Fifth Third Bank, National Association 6, 0.00% 3.12%
Ruoff Home Mortgage 7, 0.00% 7.81%
Sierra Pacific Mortgage 8, 0.01% 6.25%
Quicken Loans 9, 0.05% 10.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Evansville Teachers Federal Credit Union 1, -0.02% 18.75%
Old National Bank 2, -0.00% 12.50%
Ruoff Home Mortgage 3, 0.00% 6.25%
Quicken Loans 4, 0.00% 50.00%
Fifth Third Bank, National Association 5, 0.01% 12.50%

* Data is compiled for the Owensboro, KY commuting zone area, which comprises of counties of Daviess County, KY, Hancock County, KY, McLean County, KY, Muhlenberg County, KY, and Ohio County, KY. This includes cities/towns/communities of Owensboro, KY as well as Masonville, KY, Powderly, KY, Whitesville, KY, Beaver Dam, KY, Central City, KY, Hartford, KY, Calhoun, KY, Greenville, KY, Maceo, KY, Lewisport, KY, Livermore, KY, Bremen, KY, Dunmor, KY, Hawesville, KY, Fordsville, KY, Sacramento, KY, Beechmont, KY, Rosine, KY, Centertown, KY, and McHenry, 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 Owensboro, KY area. For mortgage lender rankings of other cities, click here.