Top Mortgage Lenders in Bloomington, IN

Which mortgage lender in the Bloomington, 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 Bloomington, 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 Bloomington, IN area in terms of interest rate is Union Savings Bank, with an average “Rate Difference” of -0.19%. This means that, comparing similar borrowers, Union Savings Bank provided a -0.19% lower interest rate for its customers than other lenders in the area. Union Savings Bank has a market share of 1.8%. On the other hand, the most popular lender in the Bloomington, IN area is Ruoff Mortgage, with a larger market share of 22.4%. Ruoff Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.07% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Bloomington, 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 Bloomington, IN is Union Savings Bank. 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 Old National Bank. 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 Navy Federal 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 Bloomington, IN

Mortgage Type:

Purchase/Refinance:

Lender Name	Rate Difference	Rate Rating	Market Share
Union Savings Bank	-0.19%	(4.5)	1.77%
Old National Bank	-0.13%	(4.0)	6.61%
Evansville Teachers Federal Credit Union	-0.09%	(4.0)	1.24%
Ruoff Mortgage	-0.07%	(4.0)	22.40%
Crane Credit Union	-0.03%	(3.5)	4.37%
Navy Federal Credit Union	-0.03%	(3.5)	1.06%
Fifth Third Bank	-0.02%	(3.5)	4.07%
German American Bank	-0.02%	(3.5)	5.49%
USAA	-0.01%	(3.5)	1.98%
JPMorgan Chase Bank	-0.01%	(3.5)	3.34%
American Mortgage Service Company	0.01%	(3.5)	2.63%
loanDepot	0.02%	(3.5)	1.45%
Primary Residential Mortgage Inc	0.02%	(3.5)	1.18%
Mortgage Masters of Indiana	0.03%	(3.5)	1.95%
Carrington Mortgage Services	0.04%	(3.5)	1.12%
Caliber Home Loans	0.05%	(3.0)	1.59%
Regions Bank	0.05%	(3.0)	1.24%
IU Credit Union	0.06%	(3.0)	13.37%
Fair Way Lending	0.06%	(3.0)	2.69%
Wells Fargo Bank	0.07%	(3.0)	1.09%
The Federal Savings Bank	0.08%	(3.0)	1.51%
First Financial Bank	0.08%	(3.0)	1.12%
Quicken Loans	0.08%	(3.0)	9.89%
Hallmark Home Mortgage	0.09%	(3.0)	1.00%
GVC Mortgage	0.10%	(3.0)	1.15%
PrimeLending	0.15%	(3.0)	1.98%
Flanagan State Bank	0.17%	(2.5)	2.72%

Lender Name	Rate Difference	Rate Rating	Market Share
IU Credit Union	-0.08%	(4.0)	9.65%
Old National Bank	-0.06%	(4.0)	5.21%
Ruoff Mortgage	-0.06%	(4.0)	29.50%
JPMorgan Chase Bank	-0.05%	(4.0)	3.12%
Navy Federal Credit Union	-0.04%	(3.5)	1.70%
USAA	-0.02%	(3.5)	2.91%
Union Savings Bank	-0.02%	(3.5)	0.99%
German American Bank	-0.02%	(3.5)	6.96%
Fifth Third Bank	-0.01%	(3.5)	3.62%
Evansville Teachers Federal Credit Union	-0.00%	(3.5)	0.60%
Primary Residential Mortgage Inc	0.02%	(3.5)	0.82%
loanDepot	0.04%	(3.5)	0.27%
Mortgage Masters of Indiana	0.05%	(3.5)	2.63%
Wells Fargo Bank	0.05%	(3.5)	1.04%
First Financial Bank	0.05%	(3.0)	0.99%
American Mortgage Service Company	0.06%	(3.0)	2.74%
Regions Bank	0.06%	(3.0)	1.15%
Fair Way Lending	0.07%	(3.0)	4.33%
Caliber Home Loans	0.07%	(3.0)	1.59%
Crane Credit Union	0.07%	(3.0)	1.92%
The Federal Savings Bank	0.08%	(3.0)	2.14%
Carrington Mortgage Services	0.09%	(3.0)	0.38%
Quicken Loans	0.09%	(3.0)	5.87%
Hallmark Home Mortgage	0.09%	(3.0)	1.32%
GVC Mortgage	0.10%	(3.0)	1.92%
PrimeLending	0.16%	(2.5)	2.36%
Flanagan State Bank	0.19%	(2.5)	4.28%

Lender Name	Rate Difference	Rate Rating	Market Share
Union Savings Bank	-0.26%	(5.0)	2.69%
Old National Bank	-0.18%	(4.5)	8.25%
Evansville Teachers Federal Credit Union	-0.12%	(4.0)	1.98%
Ruoff Mortgage	-0.12%	(4.0)	14.13%
Crane Credit Union	-0.06%	(4.0)	7.23%
American Mortgage Service Company	-0.05%	(3.5)	2.49%
Fifth Third Bank	-0.02%	(3.5)	4.60%
German American Bank	-0.02%	(3.5)	3.77%
Mortgage Masters of Indiana	-0.01%	(3.5)	1.15%
loanDepot	0.01%	(3.5)	2.81%
GVC Mortgage	0.02%	(3.5)	0.26%
USAA	0.02%	(3.5)	0.90%
Primary Residential Mortgage Inc	0.03%	(3.5)	1.60%
Navy Federal Credit Union	0.03%	(3.5)	0.32%
Carrington Mortgage Services	0.03%	(3.5)	1.98%
Caliber Home Loans	0.04%	(3.5)	1.60%
Fair Way Lending	0.04%	(3.5)	0.77%
JPMorgan Chase Bank	0.04%	(3.5)	3.58%
The Federal Savings Bank	0.04%	(3.5)	0.77%
Regions Bank	0.05%	(3.0)	1.34%
Flanagan State Bank	0.06%	(3.0)	0.90%
Quicken Loans	0.08%	(3.0)	14.58%
Hallmark Home Mortgage	0.09%	(3.0)	0.64%
Wells Fargo Bank	0.09%	(3.0)	1.15%
First Financial Bank	0.11%	(3.0)	1.28%
PrimeLending	0.13%	(3.0)	1.53%
IU Credit Union	0.14%	(3.0)	17.71%

Lender Name	Rate Difference	Rate Rating	Market Share
Union Savings Bank	-0.20%	(4.5)	2.10%
Old National Bank	-0.14%	(4.0)	7.77%
Evansville Teachers Federal Credit Union	-0.10%	(4.0)	1.45%
Ruoff Mortgage	-0.09%	(4.0)	21.23%
Crane Credit Union	-0.03%	(3.5)	5.64%
German American Bank	-0.01%	(3.5)	6.55%
Fifth Third Bank	-0.01%	(3.5)	4.34%
JPMorgan Chase Bank	-0.00%	(3.5)	4.27%
loanDepot	-0.00%	(3.5)	0.91%
American Mortgage Service Company	0.00%	(3.5)	2.13%
Primary Residential Mortgage Inc	0.02%	(3.5)	0.88%
USAA	0.03%	(3.5)	0.91%
Carrington Mortgage Services	0.04%	(3.5)	0.50%
Mortgage Masters of Indiana	0.06%	(3.0)	1.60%
IU Credit Union	0.06%	(3.0)	17.19%
Regions Bank	0.07%	(3.0)	1.30%
Wells Fargo Bank	0.07%	(3.0)	1.37%
Caliber Home Loans	0.08%	(3.0)	1.11%
Fair Way Lending	0.08%	(3.0)	2.59%
First Financial Bank	0.09%	(3.0)	1.26%
Flanagan State Bank	0.11%	(3.0)	1.83%
Hallmark Home Mortgage	0.12%	(3.0)	0.95%
GVC Mortgage	0.13%	(3.0)	0.80%
Navy Federal Credit Union	0.13%	(3.0)	0.46%
The Federal Savings Bank	0.14%	(3.0)	1.03%
Quicken Loans	0.15%	(2.5)	7.47%
PrimeLending	0.16%	(2.5)	2.36%

Lender Name	Rate Difference	Rate Rating	Market Share
IU Credit Union	-0.07%	(4.0)	13.03%
Ruoff Mortgage	-0.07%	(4.0)	27.94%
Old National Bank	-0.07%	(4.0)	6.22%
JPMorgan Chase Bank	-0.05%	(3.5)	4.27%
Evansville Teachers Federal Credit Union	-0.02%	(3.5)	0.52%
Union Savings Bank	-0.01%	(3.5)	1.05%
German American Bank	-0.01%	(3.5)	8.61%
Fifth Third Bank	0.02%	(3.5)	3.75%
Carrington Mortgage Services	0.03%	(3.5)	0.07%
USAA	0.03%	(3.5)	1.57%
Primary Residential Mortgage Inc	0.04%	(3.5)	0.52%
loanDepot	0.05%	(3.5)	0.15%
Wells Fargo Bank	0.05%	(3.0)	1.35%
First Financial Bank	0.06%	(3.0)	1.12%
Crane Credit Union	0.08%	(3.0)	2.62%
American Mortgage Service Company	0.08%	(3.0)	1.95%
Caliber Home Loans	0.08%	(3.0)	1.12%
Fair Way Lending	0.09%	(3.0)	4.34%
Mortgage Masters of Indiana	0.09%	(3.0)	2.32%
Regions Bank	0.09%	(3.0)	1.05%
Quicken Loans	0.12%	(3.0)	5.32%
Hallmark Home Mortgage	0.13%	(3.0)	1.20%
Flanagan State Bank	0.13%	(3.0)	3.00%
GVC Mortgage	0.14%	(3.0)	1.42%
Navy Federal Credit Union	0.14%	(3.0)	0.75%
The Federal Savings Bank	0.16%	(2.5)	1.72%
PrimeLending	0.17%	(2.5)	3.00%

Lender Name	Rate Difference	Rate Rating	Market Share
Union Savings Bank	-0.26%	(5.0)	3.18%
Old National Bank	-0.19%	(4.5)	9.39%
Ruoff Mortgage	-0.14%	(4.0)	14.27%
Evansville Teachers Federal Credit Union	-0.12%	(4.0)	2.40%
American Mortgage Service Company	-0.07%	(4.0)	2.33%
Crane Credit Union	-0.06%	(4.0)	8.77%
Fifth Third Bank	-0.02%	(3.5)	4.97%
German American Bank	-0.02%	(3.5)	4.42%
Mortgage Masters of Indiana	-0.02%	(3.5)	0.85%
loanDepot	-0.01%	(3.5)	1.71%
Primary Residential Mortgage Inc	0.01%	(3.5)	1.24%
Flanagan State Bank	0.01%	(3.5)	0.62%
USAA	0.02%	(3.5)	0.23%
GVC Mortgage	0.03%	(3.5)	0.16%
The Federal Savings Bank	0.03%	(3.5)	0.31%
Carrington Mortgage Services	0.04%	(3.5)	0.93%
Fair Way Lending	0.04%	(3.5)	0.78%
JPMorgan Chase Bank	0.04%	(3.5)	4.27%
Regions Bank	0.05%	(3.0)	1.55%
Caliber Home Loans	0.07%	(3.0)	1.09%
Navy Federal Credit Union	0.07%	(3.0)	0.16%
Hallmark Home Mortgage	0.09%	(3.0)	0.70%
Wells Fargo Bank	0.09%	(3.0)	1.40%
First Financial Bank	0.12%	(3.0)	1.40%
PrimeLending	0.13%	(3.0)	1.71%
IU Credit Union	0.15%	(3.0)	21.49%
Quicken Loans	0.18%	(2.5)	9.70%

Lender Name	Rate Difference	Rate Rating	Market Share
Fifth Third Bank	-0.08%	(4.0)	4.80%
Quicken Loans	-0.04%	(3.5)	22.71%
Ruoff Mortgage	-0.04%	(3.5)	29.48%
Union Savings Bank	-0.04%	(3.5)	0.87%
Mortgage Masters of Indiana	-0.04%	(3.5)	3.06%
German American Bank	-0.02%	(3.5)	1.53%
Regions Bank	-0.01%	(3.5)	0.87%
The Federal Savings Bank	-0.01%	(3.5)	1.75%
Old National Bank	-0.00%	(3.5)	0.87%
IU Credit Union	0.00%	(3.5)	0.22%
Hallmark Home Mortgage	0.01%	(3.5)	0.87%
Carrington Mortgage Services	0.01%	(3.5)	3.93%
Fair Way Lending	0.01%	(3.5)	4.80%
Caliber Home Loans	0.02%	(3.5)	3.06%
Primary Residential Mortgage Inc	0.02%	(3.5)	2.62%
Evansville Teachers Federal Credit Union	0.03%	(3.5)	0.87%
American Mortgage Service Company	0.04%	(3.5)	4.59%
GVC Mortgage	0.04%	(3.5)	2.62%
loanDepot	0.05%	(3.0)	2.84%
PrimeLending	0.08%	(3.0)	0.44%
Flanagan State Bank	0.27%	(2.0)	7.21%

Lender Name	Rate Difference	Rate Rating	Market Share
Fifth Third Bank	-0.12%	(4.0)	4.55%
Ruoff Mortgage	-0.06%	(4.0)	39.61%
Mortgage Masters of Indiana	-0.05%	(4.0)	4.22%
Union Savings Bank	-0.05%	(3.5)	1.30%
German American Bank	-0.03%	(3.5)	1.62%
Regions Bank	-0.02%	(3.5)	1.30%
The Federal Savings Bank	-0.02%	(3.5)	2.60%
Primary Residential Mortgage Inc	-0.02%	(3.5)	1.95%
Old National Bank	-0.01%	(3.5)	1.30%
IU Credit Union	-0.00%	(3.5)	0.32%
Fair Way Lending	0.01%	(3.5)	6.82%
Hallmark Home Mortgage	0.01%	(3.5)	1.30%
Carrington Mortgage Services	0.01%	(3.5)	0.65%
loanDepot	0.01%	(3.5)	0.65%
Evansville Teachers Federal Credit Union	0.02%	(3.5)	1.30%
Caliber Home Loans	0.04%	(3.5)	2.92%
Quicken Loans	0.04%	(3.5)	9.42%
GVC Mortgage	0.04%	(3.5)	3.25%
American Mortgage Service Company	0.04%	(3.5)	5.52%
PrimeLending	0.07%	(3.0)	0.65%
Flanagan State Bank	0.29%	(2.0)	8.77%

Lender Name	Rate Difference	Rate Rating	Market Share
Quicken Loans	-0.06%	(4.0)	50.00%
American Mortgage Service Company	-0.01%	(3.5)	2.67%
German American Bank	-0.00%	(3.5)	1.33%
Caliber Home Loans	-0.00%	(3.5)	3.33%
Fifth Third Bank	0.00%	(3.5)	5.33%
GVC Mortgage	0.02%	(3.5)	1.33%
Carrington Mortgage Services	0.03%	(3.5)	10.67%
Fair Way Lending	0.04%	(3.5)	0.67%
Mortgage Masters of Indiana	0.05%	(3.0)	0.67%
Primary Residential Mortgage Inc	0.07%	(3.0)	4.00%
loanDepot	0.08%	(3.0)	7.33%
Ruoff Mortgage	0.12%	(3.0)	8.67%
Flanagan State Bank	0.14%	(3.0)	4.00%

Lender Name	Rate Difference	Rate Rating	Market Share
Old National Bank	-0.01%	(3.5)	52.17%
JPMorgan Chase Bank	-0.00%	(3.5)	4.35%
American Mortgage Service Company	0.00%	(3.5)	4.35%
IU Credit Union	0.00%	(3.5)	4.35%
Quicken Loans	0.00%	(3.5)	4.35%
Ruoff Mortgage	0.01%	(3.5)	8.70%
First Financial Bank	0.01%	(3.5)	21.74%

Lender Name	Rate Difference	Rate Rating	Market Share
Old National Bank	-0.00%	(3.5)	50.00%
IU Credit Union	-0.00%	(3.5)	8.33%
Quicken Loans	-0.00%	(3.5)	8.33%
Ruoff Mortgage	-0.00%	(3.5)	8.33%
First Financial Bank	0.01%	(3.5)	25.00%

Lender Name	Rate Difference	Rate Rating	Market Share
Old National Bank	-0.01%	(3.5)	54.55%
JPMorgan Chase Bank	0.00%	(3.5)	9.09%
American Mortgage Service Company	0.01%	(3.5)	9.09%
First Financial Bank	0.01%	(3.5)	18.18%
Ruoff Mortgage	0.02%	(3.5)	9.09%

Lender Name	Rate Difference	Rate Rating	Market Share
Navy Federal Credit Union	-0.12%	(4.0)	8.48%
German American Bank	-0.05%	(4.0)	2.47%
USAA	-0.04%	(3.5)	15.19%
loanDepot	-0.01%	(3.5)	4.24%
Mortgage Masters of Indiana	-0.00%	(3.5)	3.53%
American Mortgage Service Company	-0.00%	(3.5)	3.89%
The Federal Savings Bank	0.00%	(3.5)	5.65%
Old National Bank	0.01%	(3.5)	1.41%
Fair Way Lending	0.01%	(3.5)	0.35%
Union Savings Bank	0.01%	(3.5)	0.35%
Regions Bank	0.01%	(3.5)	1.41%
Caliber Home Loans	0.01%	(3.5)	3.89%
Ruoff Mortgage	0.01%	(3.5)	22.97%
Fifth Third Bank	0.02%	(3.5)	0.71%
Hallmark Home Mortgage	0.02%	(3.5)	1.77%
Primary Residential Mortgage Inc	0.03%	(3.5)	1.77%
PrimeLending	0.03%	(3.5)	1.06%
Quicken Loans	0.04%	(3.5)	12.01%
Wells Fargo Bank	0.05%	(3.5)	0.35%
GVC Mortgage	0.08%	(3.0)	2.12%
Carrington Mortgage Services	0.09%	(3.0)	2.47%
Flanagan State Bank	0.10%	(3.0)	3.89%

Lender Name	Rate Difference	Rate Rating	Market Share
Navy Federal Credit Union	-0.13%	(4.0)	12.43%
USAA	-0.06%	(4.0)	18.93%
German American Bank	-0.05%	(4.0)	4.14%
The Federal Savings Bank	-0.03%	(3.5)	4.73%
American Mortgage Service Company	-0.01%	(3.5)	4.14%
Mortgage Masters of Indiana	0.00%	(3.5)	2.37%
Regions Bank	0.01%	(3.5)	1.78%
Old National Bank	0.01%	(3.5)	1.18%
Fifth Third Bank	0.02%	(3.5)	1.18%
Quicken Loans	0.02%	(3.5)	3.55%
Primary Residential Mortgage Inc	0.02%	(3.5)	1.18%
Hallmark Home Mortgage	0.03%	(3.5)	2.37%
loanDepot	0.03%	(3.5)	0.59%
PrimeLending	0.04%	(3.5)	0.59%
Caliber Home Loans	0.04%	(3.5)	2.96%
Wells Fargo Bank	0.05%	(3.0)	0.59%
Ruoff Mortgage	0.06%	(3.0)	24.85%
GVC Mortgage	0.09%	(3.0)	3.55%
Flanagan State Bank	0.10%	(3.0)	6.51%
Carrington Mortgage Services	0.12%	(3.0)	2.37%

Lender Name	Rate Difference	Rate Rating	Market Share
Ruoff Mortgage	-0.07%	(4.0)	20.18%
Navy Federal Credit Union	-0.01%	(3.5)	2.63%
Caliber Home Loans	-0.01%	(3.5)	5.26%
loanDepot	-0.01%	(3.5)	9.65%
Mortgage Masters of Indiana	-0.01%	(3.5)	5.26%
Old National Bank	-0.00%	(3.5)	1.75%
Fair Way Lending	0.01%	(3.5)	0.88%
Union Savings Bank	0.01%	(3.5)	0.88%
USAA	0.01%	(3.5)	9.65%
American Mortgage Service Company	0.02%	(3.5)	3.51%
Regions Bank	0.02%	(3.5)	0.88%
Hallmark Home Mortgage	0.02%	(3.5)	0.88%
PrimeLending	0.02%	(3.5)	1.75%
Primary Residential Mortgage Inc	0.03%	(3.5)	2.63%
Quicken Loans	0.04%	(3.5)	24.56%
The Federal Savings Bank	0.04%	(3.5)	7.02%
Carrington Mortgage Services	0.05%	(3.0)	2.63%

* Data is compiled for the Bloomington, IN commuting zone area, which comprises of counties of Daviess County, IN, Greene County, IN, Lawrence County, IN, Martin County, IN, Monroe County, IN, Orange County, IN, and Owen County, IN. This includes cities/towns/communities of Bloomington, IN as well as Ellettsville, IN, Bedford, IN, Smithville-Sanders, IN, Washington, IN, Linton, IN, Avoca, IN, Mitchell, IN, Scotland, IN, Paoli, IN, Montgomery, IN, Williams, IN, Loogootee, IN, Spencer, IN, Elnora, IN, Worthington, IN, Shoals, IN, Bloomfield, IN, Gosport, IN, Orleans, IN, Plainville, IN, Crane, IN, Jasonville, IN, and West Baden Springs, IN. 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.

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