Which mortgage lender in the Terre Haute, 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 Terre Haute, 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 Terre Haute, IN area in terms of interest rate is Longview Bank & Trust, with an average “Rate Difference” of -0.17%. This means that, comparing similar borrowers, Longview Bank & Trust provided a -0.17% lower interest rate for its customers than other lenders in the area. Longview Bank & Trust has a market share of 3.3%. On the other hand, the most popular lender in the Terre Haute, IN area is Ruoff Mortgage, with a larger market share of 30.3%. Ruoff Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.02% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Terre Haute, 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 Terre Haute, IN is Longview Bank & Trust. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Fifth Third Bank. The cheapest VA mortgage provider is USAA. 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 Terre Haute, IN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Longview Bank & Trust | -0.17% | 3.28% | |
| Old National Bank | -0.09% | 9.50% | |
| Fifth Third Bank | -0.06% | 11.63% | |
| First Mid Bank & Trust, NA | -0.04% | 4.53% | |
| USAA | -0.04% | 2.02% | |
| Caliber Home Loans | -0.01% | 2.02% | |
| First Financial Bank IN | 0.02% | 17.74% | |
| Ruoff Mortgage | 0.02% | 30.29% | |
| First Farmers Bank & Trust | 0.03% | 3.66% | |
| loanDepot | 0.05% | 1.80% | |
| Quicken Loans | 0.08% | 9.83% | |
| Wells Fargo Bank | 0.10% | 1.86% | |
| PrimeLending | 0.10% | 1.86% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.13% | 5.85% | |
| First Mid Bank & Trust, NA | -0.09% | 3.30% | |
| Longview Bank & Trust | -0.08% | 0.99% | |
| Fifth Third Bank | -0.08% | 7.75% | |
| USAA | -0.06% | 2.47% | |
| Caliber Home Loans | -0.03% | 2.72% | |
| Ruoff Mortgage | 0.01% | 42.04% | |
| loanDepot | 0.02% | 0.91% | |
| First Financial Bank IN | 0.03% | 19.54% | |
| First Farmers Bank & Trust | 0.03% | 3.46% | |
| Quicken Loans | 0.05% | 6.68% | |
| Wells Fargo Bank | 0.06% | 1.65% | |
| PrimeLending | 0.09% | 2.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Longview Bank & Trust | -0.18% | 7.75% | |
| Old National Bank | -0.06% | 16.64% | |
| Fifth Third Bank | -0.03% | 19.22% | |
| First Financial Bank IN | -0.01% | 14.22% | |
| First Mid Bank & Trust, NA | 0.01% | 6.95% | |
| Ruoff Mortgage | 0.02% | 7.27% | |
| First Farmers Bank & Trust | 0.02% | 4.04% | |
| USAA | 0.03% | 1.13% | |
| Caliber Home Loans | 0.07% | 0.65% | |
| PrimeLending | 0.07% | 0.32% | |
| loanDepot | 0.08% | 3.55% | |
| Quicken Loans | 0.12% | 15.99% | |
| Wells Fargo Bank | 0.16% | 2.26% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Longview Bank & Trust | -0.16% | 4.60% | |
| Old National Bank | -0.08% | 12.87% | |
| Fifth Third Bank | -0.04% | 14.25% | |
| First Mid Bank & Trust, NA | -0.03% | 6.36% | |
| Ruoff Mortgage | -0.01% | 20.08% | |
| First Financial Bank IN | 0.03% | 24.37% | |
| First Farmers Bank & Trust | 0.04% | 5.13% | |
| USAA | 0.05% | 0.46% | |
| Caliber Home Loans | 0.07% | 1.00% | |
| loanDepot | 0.11% | 0.84% | |
| PrimeLending | 0.12% | 1.30% | |
| Wells Fargo Bank | 0.12% | 2.38% | |
| Quicken Loans | 0.19% | 6.36% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.12% | 8.41% | |
| First Mid Bank & Trust, NA | -0.07% | 5.17% | |
| Longview Bank & Trust | -0.07% | 1.55% | |
| Fifth Third Bank | -0.06% | 9.06% | |
| Ruoff Mortgage | -0.02% | 29.50% | |
| loanDepot | 0.03% | 0.39% | |
| First Financial Bank IN | 0.04% | 29.88% | |
| USAA | 0.04% | 0.52% | |
| First Farmers Bank & Trust | 0.05% | 5.43% | |
| Caliber Home Loans | 0.07% | 1.29% | |
| Wells Fargo Bank | 0.08% | 2.33% | |
| PrimeLending | 0.11% | 2.07% | |
| Quicken Loans | 0.16% | 4.40% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Longview Bank & Trust | -0.17% | 9.02% | |
| Old National Bank | -0.05% | 19.36% | |
| Fifth Third Bank | -0.02% | 21.80% | |
| First Financial Bank IN | -0.00% | 16.35% | |
| Ruoff Mortgage | 0.01% | 6.39% | |
| First Mid Bank & Trust, NA | 0.02% | 8.08% | |
| First Farmers Bank & Trust | 0.03% | 4.70% | |
| USAA | 0.06% | 0.38% | |
| PrimeLending | 0.08% | 0.19% | |
| Caliber Home Loans | 0.08% | 0.56% | |
| loanDepot | 0.16% | 1.50% | |
| Wells Fargo Bank | 0.17% | 2.44% | |
| Quicken Loans | 0.22% | 9.21% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.11% | 5.53% | |
| Caliber Home Loans | -0.11% | 4.77% | |
| Old National Bank | -0.05% | 1.51% | |
| Quicken Loans | -0.05% | 18.34% | |
| First Financial Bank IN | -0.04% | 1.51% | |
| loanDepot | 0.01% | 2.01% | |
| Ruoff Mortgage | 0.03% | 63.07% | |
| PrimeLending | 0.08% | 3.27% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.12% | 5.67% | |
| Caliber Home Loans | -0.12% | 5.10% | |
| Quicken Loans | -0.05% | 12.18% | |
| Old National Bank | -0.05% | 1.70% | |
| First Financial Bank IN | -0.05% | 1.42% | |
| loanDepot | 0.01% | 1.70% | |
| Ruoff Mortgage | 0.03% | 68.84% | |
| PrimeLending | 0.08% | 3.40% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.02% | 66.67% | |
| Caliber Home Loans | 0.01% | 2.22% | |
| First Financial Bank IN | 0.01% | 2.22% | |
| Fifth Third Bank | 0.02% | 4.44% | |
| PrimeLending | 0.03% | 2.22% | |
| loanDepot | 0.04% | 4.44% | |
| Ruoff Mortgage | 0.07% | 17.78% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.08% | 24.03% | |
| Fifth Third Bank | -0.02% | 3.88% | |
| First Financial Bank IN | -0.01% | 0.78% | |
| Wells Fargo Bank | -0.01% | 2.33% | |
| loanDepot | -0.00% | 10.85% | |
| Quicken Loans | 0.02% | 18.60% | |
| PrimeLending | 0.03% | 3.10% | |
| Caliber Home Loans | 0.04% | 3.88% | |
| Ruoff Mortgage | 0.04% | 32.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.08% | 29.89% | |
| Fifth Third Bank | -0.02% | 4.60% | |
| Wells Fargo Bank | -0.02% | 2.30% | |
| First Financial Bank IN | -0.01% | 1.15% | |
| loanDepot | 0.01% | 2.30% | |
| PrimeLending | 0.03% | 4.60% | |
| Quicken Loans | 0.04% | 4.60% | |
| Caliber Home Loans | 0.04% | 5.75% | |
| Ruoff Mortgage | 0.05% | 44.83% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| USAA | -0.03% | 11.90% | |
| Ruoff Mortgage | -0.01% | 7.14% | |
| loanDepot | -0.01% | 28.57% | |
| Fifth Third Bank | 0.01% | 2.38% | |
| Quicken Loans | 0.01% | 47.62% | |
| Wells Fargo Bank | 0.02% | 2.38% |
* Data is compiled for the Terre Haute, IN commuting zone area, which comprises of counties of Clark County, IL, Edgar County, IL, Clay County, IN, Parke County, IN, Sullivan County, IN, Vermillion County, IN, and Vigo County, IN. This includes cities/towns/communities of Terre Haute, IN as well as North Terre Haute, IN, Riley, IN, Paris, IL, Sullivan, IN, Rosedale, IN, Hymera, IN, Knightsville, IN, Rockville, IN, Brazil, IN, West Union, IL, Marshall, IL, Clinton, IN, St. Bernice, IN, St. Mary of the Woods, IN, Staunton, IN, Center Point, IN, Toad Hop, IN, Bloomingdale, IN, Harmony, IN, Kansas, IL, Clay City, IN, Merom, IN, Mecca, IN, Dugger, IN, Dana, IN, Universal, IN, Chrisman, IL, Casey, IL, Carlisle, IN, Perrysville, IN, West Terre Haute, IN, Westfield, IL, and Hume, 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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