Which mortgage lender in the Edwardsville, IL 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 Edwardsville, IL 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 Edwardsville, IL area in terms of interest rate is FIrst Collinsville Bank, with an average “Rate Difference” of -0.20%. This means that, comparing similar borrowers, FIrst Collinsville Bank provided a -0.20% lower interest rate for its customers than other lenders in the area. FIrst Collinsville Bank has a market share of 9.8%. On the other hand, the most popular lender in the Edwardsville, IL area is New American Funding, with a larger market share of 13.2%. However, New American Funding also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.23% compared to those of other lenders. We recommend shopping around before going with this popular lender.
Our detailed ranking of mortgage lenders in the Edwardsville, IL 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 Edwardsville, IL is Scott 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 Gershman Mortgage. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is FIrst Collinsville Bank. The cheapest VA mortgage provider is Scott 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 Edwardsville, IL
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FIrst Collinsville Bank | -0.20% | 9.80% | |
| Carrollton Bank | -0.19% | 8.28% | |
| Scott Credit Union | -0.18% | 5.84% | |
| United Community Bank in Illinois | -0.17% | 2.39% | |
| First Mid Bank & Trust, NA | -0.12% | 5.16% | |
| Busey Bank | -0.11% | 2.61% | |
| Flat Branch Mortgage | -0.09% | 1.66% | |
| CNB Bank & Trust | -0.05% | 1.30% | |
| Wells Fargo Bank | -0.02% | 2.12% | |
| Town and Country Bank | -0.02% | 3.29% | |
| Bank of Springfield | -0.02% | 2.58% | |
| Fairway Independent Mortgage Corporation | -0.01% | 2.17% | |
| Guaranteed Rate | 0.01% | 2.39% | |
| Bank of America | 0.01% | 1.11% | |
| American Portfolio Mortgage | 0.02% | 0.87% | |
| Gershman Mortgage | 0.02% | 4.05% | |
| Guild Mortgage Company | 0.02% | 2.25% | |
| US Bank | 0.03% | 4.05% | |
| Benchmark | 0.04% | 1.06% | |
| LeaderOne Financial Corporation | 0.05% | 1.09% | |
| loanDepot | 0.08% | 0.98% | |
| Carrington Mortgage Services | 0.08% | 1.14% | |
| Golden Oak Lending | 0.09% | 2.77% | |
| Regions Bank | 0.09% | 2.88% | |
| Quicken Loans | 0.11% | 6.30% | |
| Petefish Skiles & Co Bank | 0.12% | 0.90% | |
| Endeavor Capital Mortgage | 0.15% | 3.15% | |
| DAS Acquisition Company | 0.20% | 4.62% | |
| New American Funding | 0.23% | 13.20% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FIrst Collinsville Bank | -0.24% | 10.57% | |
| Scott Credit Union | -0.19% | 5.52% | |
| Carrollton Bank | -0.18% | 8.41% | |
| United Community Bank in Illinois | -0.17% | 1.98% | |
| First Mid Bank & Trust, NA | -0.14% | 4.36% | |
| Busey Bank | -0.12% | 1.81% | |
| Wells Fargo Bank | -0.11% | 2.07% | |
| Flat Branch Mortgage | -0.11% | 2.24% | |
| US Bank | -0.07% | 3.71% | |
| Bank of America | -0.06% | 0.91% | |
| Bank of Springfield | -0.05% | 1.77% | |
| Town and Country Bank | -0.02% | 4.23% | |
| Fairway Independent Mortgage Corporation | -0.02% | 2.89% | |
| CNB Bank & Trust | -0.02% | 0.91% | |
| Golden Oak Lending | -0.01% | 0.39% | |
| Regions Bank | -0.01% | 2.50% | |
| Guaranteed Rate | 0.00% | 2.98% | |
| American Portfolio Mortgage | 0.00% | 1.25% | |
| Gershman Mortgage | 0.02% | 5.35% | |
| Guild Mortgage Company | 0.02% | 2.63% | |
| Benchmark | 0.03% | 1.25% | |
| LeaderOne Financial Corporation | 0.03% | 0.91% | |
| loanDepot | 0.07% | 0.52% | |
| Quicken Loans | 0.10% | 3.28% | |
| Carrington Mortgage Services | 0.12% | 0.56% | |
| Petefish Skiles & Co Bank | 0.14% | 0.82% | |
| Endeavor Capital Mortgage | 0.17% | 3.36% | |
| DAS Acquisition Company | 0.23% | 5.78% | |
| New American Funding | 0.27% | 17.04% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Carrollton Bank | -0.20% | 8.06% | |
| Scott Credit Union | -0.17% | 6.38% | |
| United Community Bank in Illinois | -0.16% | 3.08% | |
| FIrst Collinsville Bank | -0.13% | 8.50% | |
| First Mid Bank & Trust, NA | -0.10% | 6.52% | |
| Busey Bank | -0.09% | 3.96% | |
| CNB Bank & Trust | -0.06% | 1.98% | |
| Town and Country Bank | -0.03% | 1.69% | |
| New American Funding | 0.01% | 6.67% | |
| Flat Branch Mortgage | 0.01% | 0.66% | |
| Gershman Mortgage | 0.01% | 1.83% | |
| Guild Mortgage Company | 0.02% | 1.61% | |
| Bank of Springfield | 0.02% | 3.96% | |
| Fairway Independent Mortgage Corporation | 0.02% | 0.95% | |
| Guaranteed Rate | 0.02% | 1.39% | |
| American Portfolio Mortgage | 0.03% | 0.22% | |
| DAS Acquisition Company | 0.05% | 2.64% | |
| Benchmark | 0.07% | 0.73% | |
| Carrington Mortgage Services | 0.08% | 2.13% | |
| LeaderOne Financial Corporation | 0.09% | 1.39% | |
| Endeavor Capital Mortgage | 0.09% | 2.79% | |
| loanDepot | 0.09% | 1.76% | |
| Bank of America | 0.10% | 1.47% | |
| Petefish Skiles & Co Bank | 0.10% | 1.03% | |
| Golden Oak Lending | 0.11% | 6.82% | |
| Wells Fargo Bank | 0.12% | 2.20% | |
| Quicken Loans | 0.13% | 11.44% | |
| US Bank | 0.17% | 4.62% | |
| Regions Bank | 0.21% | 3.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Scott Credit Union | -0.18% | 7.07% | |
| FIrst Collinsville Bank | -0.17% | 11.82% | |
| Carrollton Bank | -0.17% | 9.96% | |
| United Community Bank in Illinois | -0.15% | 3.37% | |
| First Mid Bank & Trust, NA | -0.10% | 7.68% | |
| Busey Bank | -0.09% | 3.58% | |
| CNB Bank & Trust | -0.02% | 1.95% | |
| Flat Branch Mortgage | -0.02% | 1.06% | |
| Wells Fargo Bank | -0.00% | 2.80% | |
| Bank of Springfield | 0.01% | 3.70% | |
| Town and Country Bank | 0.03% | 3.33% | |
| Bank of America | 0.04% | 1.58% | |
| Guaranteed Rate | 0.05% | 1.87% | |
| Carrington Mortgage Services | 0.05% | 0.08% | |
| American Portfolio Mortgage | 0.06% | 0.77% | |
| US Bank | 0.07% | 5.16% | |
| LeaderOne Financial Corporation | 0.09% | 1.06% | |
| Fairway Independent Mortgage Corporation | 0.09% | 1.38% | |
| Benchmark | 0.11% | 0.61% | |
| Gershman Mortgage | 0.11% | 1.87% | |
| loanDepot | 0.12% | 0.69% | |
| Petefish Skiles & Co Bank | 0.15% | 1.34% | |
| Guild Mortgage Company | 0.15% | 1.67% | |
| Regions Bank | 0.15% | 3.45% | |
| DAS Acquisition Company | 0.19% | 3.05% | |
| Endeavor Capital Mortgage | 0.19% | 3.78% | |
| Quicken Loans | 0.19% | 4.63% | |
| Golden Oak Lending | 0.21% | 2.52% | |
| New American Funding | 0.21% | 8.17% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FIrst Collinsville Bank | -0.20% | 13.36% | |
| Scott Credit Union | -0.17% | 7.04% | |
| United Community Bank in Illinois | -0.14% | 3.06% | |
| Carrollton Bank | -0.14% | 9.88% | |
| First Mid Bank & Trust, NA | -0.10% | 7.18% | |
| Busey Bank | -0.10% | 2.49% | |
| Wells Fargo Bank | -0.09% | 3.06% | |
| US Bank | -0.04% | 4.76% | |
| Flat Branch Mortgage | -0.03% | 1.35% | |
| Bank of America | -0.03% | 1.35% | |
| Bank of Springfield | -0.02% | 2.63% | |
| CNB Bank & Trust | 0.02% | 1.49% | |
| Golden Oak Lending | 0.04% | 0.28% | |
| loanDepot | 0.05% | 0.14% | |
| Guaranteed Rate | 0.05% | 2.56% | |
| Town and Country Bank | 0.05% | 4.26% | |
| LeaderOne Financial Corporation | 0.05% | 0.92% | |
| Carrington Mortgage Services | 0.06% | 0.07% | |
| American Portfolio Mortgage | 0.06% | 1.21% | |
| Regions Bank | 0.06% | 2.77% | |
| Fairway Independent Mortgage Corporation | 0.10% | 1.99% | |
| Gershman Mortgage | 0.12% | 2.70% | |
| Benchmark | 0.12% | 0.50% | |
| Quicken Loans | 0.17% | 3.06% | |
| Petefish Skiles & Co Bank | 0.18% | 1.35% | |
| Guild Mortgage Company | 0.19% | 2.13% | |
| Endeavor Capital Mortgage | 0.23% | 4.48% | |
| DAS Acquisition Company | 0.25% | 3.34% | |
| New American Funding | 0.28% | 10.59% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Carrollton Bank | -0.20% | 10.06% | |
| Scott Credit Union | -0.18% | 7.12% | |
| United Community Bank in Illinois | -0.16% | 3.80% | |
| FIrst Collinsville Bank | -0.13% | 9.77% | |
| First Mid Bank & Trust, NA | -0.09% | 8.35% | |
| Busey Bank | -0.09% | 5.03% | |
| CNB Bank & Trust | -0.05% | 2.56% | |
| Town and Country Bank | -0.02% | 2.09% | |
| New American Funding | -0.01% | 4.93% | |
| Flat Branch Mortgage | 0.02% | 0.66% | |
| Fairway Independent Mortgage Corporation | 0.03% | 0.57% | |
| Bank of Springfield | 0.03% | 5.12% | |
| American Portfolio Mortgage | 0.03% | 0.19% | |
| Guild Mortgage Company | 0.04% | 1.04% | |
| Carrington Mortgage Services | 0.04% | 0.09% | |
| Guaranteed Rate | 0.05% | 0.95% | |
| Gershman Mortgage | 0.07% | 0.76% | |
| DAS Acquisition Company | 0.07% | 2.66% | |
| Benchmark | 0.10% | 0.76% | |
| Endeavor Capital Mortgage | 0.11% | 2.85% | |
| Bank of America | 0.11% | 1.90% | |
| Petefish Skiles & Co Bank | 0.11% | 1.33% | |
| LeaderOne Financial Corporation | 0.12% | 1.23% | |
| loanDepot | 0.13% | 1.42% | |
| Wells Fargo Bank | 0.14% | 2.47% | |
| US Bank | 0.18% | 5.69% | |
| Quicken Loans | 0.21% | 6.74% | |
| Golden Oak Lending | 0.22% | 5.50% | |
| Regions Bank | 0.23% | 4.36% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FIrst Collinsville Bank | -0.34% | 5.04% | |
| Carrollton Bank | -0.26% | 4.71% | |
| Flat Branch Mortgage | -0.20% | 3.40% | |
| Scott Credit Union | -0.19% | 1.53% | |
| Regions Bank | -0.16% | 1.53% | |
| Guild Mortgage Company | -0.15% | 3.83% | |
| Town and Country Bank | -0.15% | 2.96% | |
| Fairway Independent Mortgage Corporation | -0.13% | 4.16% | |
| Busey Bank | -0.13% | 0.66% | |
| Golden Oak Lending | -0.12% | 4.38% | |
| US Bank | -0.11% | 1.53% | |
| Gershman Mortgage | -0.10% | 7.89% | |
| United Community Bank in Illinois | -0.09% | 0.22% | |
| American Portfolio Mortgage | -0.09% | 0.88% | |
| Bank of Springfield | -0.07% | 0.33% | |
| Guaranteed Rate | -0.06% | 3.61% | |
| Bank of America | -0.05% | 0.11% | |
| Benchmark | -0.05% | 1.97% | |
| Quicken Loans | -0.02% | 10.30% | |
| LeaderOne Financial Corporation | -0.01% | 0.99% | |
| loanDepot | 0.01% | 1.20% | |
| Carrington Mortgage Services | 0.03% | 3.83% | |
| Endeavor Capital Mortgage | 0.05% | 1.10% | |
| DAS Acquisition Company | 0.20% | 8.32% | |
| New American Funding | 0.24% | 25.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| FIrst Collinsville Bank | -0.39% | 5.49% | |
| Carrollton Bank | -0.28% | 5.76% | |
| Scott Credit Union | -0.23% | 1.65% | |
| Flat Branch Mortgage | -0.22% | 4.12% | |
| Guild Mortgage Company | -0.19% | 3.84% | |
| Regions Bank | -0.17% | 1.92% | |
| Town and Country Bank | -0.17% | 3.70% | |
| Fairway Independent Mortgage Corporation | -0.15% | 4.80% | |
| Busey Bank | -0.14% | 0.82% | |
| US Bank | -0.13% | 1.78% | |
| Gershman Mortgage | -0.11% | 8.37% | |
| United Community Bank in Illinois | -0.11% | 0.27% | |
| American Portfolio Mortgage | -0.10% | 1.10% | |
| Bank of Springfield | -0.09% | 0.41% | |
| Golden Oak Lending | -0.08% | 0.69% | |
| Guaranteed Rate | -0.07% | 4.25% | |
| Bank of America | -0.07% | 0.14% | |
| Benchmark | -0.06% | 2.47% | |
| Quicken Loans | -0.01% | 4.12% | |
| LeaderOne Financial Corporation | -0.00% | 0.82% | |
| loanDepot | 0.03% | 1.10% | |
| Carrington Mortgage Services | 0.06% | 1.65% | |
| Endeavor Capital Mortgage | 0.06% | 1.10% | |
| DAS Acquisition Company | 0.20% | 10.15% | |
| New American Funding | 0.25% | 29.49% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Golden Oak Lending | -0.08% | 19.02% | |
| FIrst Collinsville Bank | -0.06% | 3.26% | |
| Gershman Mortgage | -0.05% | 5.98% | |
| Guild Mortgage Company | -0.03% | 3.80% | |
| loanDepot | -0.00% | 1.63% | |
| Guaranteed Rate | -0.00% | 1.09% | |
| Carrollton Bank | -0.00% | 0.54% | |
| LeaderOne Financial Corporation | 0.00% | 1.63% | |
| DAS Acquisition Company | 0.00% | 1.09% | |
| Scott Credit Union | 0.00% | 1.09% | |
| Fairway Independent Mortgage Corporation | 0.00% | 1.63% | |
| Endeavor Capital Mortgage | 0.00% | 1.09% | |
| US Bank | 0.00% | 0.54% | |
| Flat Branch Mortgage | 0.02% | 0.54% | |
| Quicken Loans | 0.03% | 34.78% | |
| New American Funding | 0.04% | 9.78% | |
| Carrington Mortgage Services | 0.06% | 12.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gershman Mortgage | -0.00% | 11.11% | |
| Wells Fargo Bank | -0.00% | 22.22% | |
| First Mid Bank & Trust, NA | -0.00% | 11.11% | |
| US Bank | -0.00% | 11.11% | |
| Scott Credit Union | 0.00% | 33.33% | |
| Regions Bank | 0.00% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.00% | 25.00% | |
| US Bank | -0.00% | 25.00% | |
| Scott Credit Union | 0.00% | 50.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gershman Mortgage | -0.00% | 20.00% | |
| Scott Credit Union | -0.00% | 20.00% | |
| First Mid Bank & Trust, NA | -0.00% | 20.00% | |
| Wells Fargo Bank | -0.00% | 20.00% | |
| Regions Bank | 0.00% | 20.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Scott Credit Union | -0.12% | 8.03% | |
| Carrollton Bank | -0.11% | 5.69% | |
| FIrst Collinsville Bank | -0.10% | 8.03% | |
| Town and Country Bank | -0.04% | 4.01% | |
| Guaranteed Rate | -0.03% | 3.01% | |
| United Community Bank in Illinois | -0.03% | 1.00% | |
| Fairway Independent Mortgage Corporation | -0.03% | 2.68% | |
| Busey Bank | -0.02% | 0.67% | |
| Guild Mortgage Company | -0.02% | 2.34% | |
| Flat Branch Mortgage | -0.02% | 1.34% | |
| Carrington Mortgage Services | -0.01% | 1.67% | |
| US Bank | -0.01% | 2.34% | |
| American Portfolio Mortgage | -0.00% | 1.67% | |
| Regions Bank | -0.00% | 2.01% | |
| Bank of Springfield | 0.00% | 0.33% | |
| LeaderOne Financial Corporation | 0.00% | 1.67% | |
| Wells Fargo Bank | 0.01% | 2.34% | |
| Bank of America | 0.01% | 0.33% | |
| loanDepot | 0.01% | 2.68% | |
| Benchmark | 0.02% | 2.01% | |
| Gershman Mortgage | 0.03% | 10.03% | |
| Endeavor Capital Mortgage | 0.04% | 4.35% | |
| DAS Acquisition Company | 0.06% | 6.35% | |
| Quicken Loans | 0.07% | 8.03% | |
| New American Funding | 0.08% | 17.39% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Carrollton Bank | -0.13% | 7.87% | |
| Scott Credit Union | -0.13% | 8.43% | |
| FIrst Collinsville Bank | -0.11% | 9.55% | |
| Town and Country Bank | -0.05% | 6.18% | |
| Fairway Independent Mortgage Corporation | -0.04% | 2.25% | |
| United Community Bank in Illinois | -0.03% | 0.56% | |
| Wells Fargo Bank | -0.03% | 2.25% | |
| Busey Bank | -0.03% | 0.56% | |
| Flat Branch Mortgage | -0.02% | 1.69% | |
| Guild Mortgage Company | -0.02% | 1.69% | |
| US Bank | -0.02% | 2.81% | |
| Guaranteed Rate | -0.01% | 1.12% | |
| Regions Bank | -0.01% | 2.81% | |
| American Portfolio Mortgage | -0.01% | 2.25% | |
| Bank of Springfield | -0.00% | 0.56% | |
| LeaderOne Financial Corporation | 0.00% | 1.12% | |
| Bank of America | 0.00% | 0.56% | |
| loanDepot | 0.01% | 1.12% | |
| Quicken Loans | 0.03% | 1.69% | |
| Benchmark | 0.03% | 2.25% | |
| Gershman Mortgage | 0.04% | 14.04% | |
| Endeavor Capital Mortgage | 0.05% | 3.93% | |
| DAS Acquisition Company | 0.09% | 7.30% | |
| New American Funding | 0.14% | 17.42% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Scott Credit Union | -0.11% | 7.44% | |
| FIrst Collinsville Bank | -0.07% | 5.79% | |
| Guaranteed Rate | -0.03% | 5.79% | |
| Gershman Mortgage | -0.03% | 4.13% | |
| United Community Bank in Illinois | -0.02% | 1.65% | |
| Busey Bank | -0.02% | 0.83% | |
| Fairway Independent Mortgage Corporation | -0.02% | 3.31% | |
| Guild Mortgage Company | -0.02% | 3.31% | |
| Town and Country Bank | -0.01% | 0.83% | |
| Benchmark | -0.01% | 1.65% | |
| DAS Acquisition Company | -0.01% | 4.96% | |
| New American Funding | -0.01% | 17.36% | |
| Carrington Mortgage Services | -0.01% | 4.13% | |
| Carrollton Bank | -0.00% | 2.48% | |
| Flat Branch Mortgage | -0.00% | 0.83% | |
| American Portfolio Mortgage | 0.01% | 0.83% | |
| LeaderOne Financial Corporation | 0.01% | 2.48% | |
| loanDepot | 0.02% | 4.96% | |
| US Bank | 0.02% | 1.65% | |
| Regions Bank | 0.02% | 0.83% | |
| Endeavor Capital Mortgage | 0.04% | 4.96% | |
| Wells Fargo Bank | 0.06% | 2.48% | |
| Quicken Loans | 0.08% | 17.36% |
* Data is compiled for the Edwardsville, IL commuting zone area, which comprises of counties of Bond County, IL, Calhoun County, IL, Fayette County, IL, Jersey County, IL, and Madison County, IL. This includes cities/towns/communities of Edwardsville, IL as well as Alton, IL, Godfrey, IL, Collinsville, IL, Glen Carbon, IL, Troy, IL, Bethalto, IL, Granite City, IL, Maryville, IL, Highland, IL, Pontoon Beach, IL, Jerseyville, IL, Wood River, IL, Marine, IL, Pierron, IL, Hamel, IL, Greenville, IL, Madison, IL, Brighton, IL, Hartford, IL, Livingston, IL, Elsah, IL, East Alton, IL, Vandalia, IL, Fieldon, IL, Bingham, IL, Grafton, IL, Donnellson, IL, St. Elmo, IL, Farina, IL, Batchtown, IL, Hardin, IL, and Brownstown, IL. 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
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