Which mortgage lender in the North Ridgeville, OH 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 North Ridgeville, OH 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 North Ridgeville, OH area in terms of interest rate is Third Federal Savings & Loan, with an average “Rate Difference” of -0.29%. This means that, comparing similar borrowers, Third Federal Savings & Loan provided a -0.29% lower interest rate for its customers than other lenders in the area. Third Federal Savings & Loan has a market share of 6.4%. On the other hand, the most popular lender in the North Ridgeville, OH area is Quicken Loans, with a larger market share of 13.4%. However, Quicken Loans also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.11% compared to those of other lenders. We recommend shopping around before going with this popular lender.
Our detailed ranking of mortgage lenders in the North Ridgeville, OH 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 North Ridgeville, OH is Third Federal Savings & Loan. 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 Fifth Third Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Huntington National 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 North Ridgeville, OH
Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.06% | 4.17% | |
| Nations Lending Corporation | -0.03% | 4.81% | |
| Liberty Home Mortgage | -0.03% | 2.24% | |
| KeyBank | -0.02% | 0.64% | |
| Quicken Loans | -0.01% | 51.28% | |
| First Federal Lakewood | -0.01% | 0.64% | |
| Mid America Mortgage | -0.01% | 0.96% | |
| Dollar Bank | -0.01% | 0.32% | |
| PNC Bank | -0.00% | 0.32% | |
| Union Home Mortgage | -0.00% | 0.32% | |
| LendUS LLC | -0.00% | 4.17% | |
| US Bank | -0.00% | 0.96% | |
| Union Capital Mortgage | 0.00% | 0.32% | |
| Fifth Third Bank | 0.00% | 0.32% | |
| Bank of England AR | 0.01% | 0.32% | |
| Amerifirst Home Mortgage | 0.01% | 0.64% | |
| Carrington Mortgage Services | 0.01% | 4.49% | |
| NewRez | 0.01% | 3.21% | |
| Home Point Financial Corporation | 0.02% | 1.92% | |
| American Midwest Mortgage | 0.04% | 1.28% | |
| loanDepot | 0.04% | 3.21% | |
| Gold Star Mortgage Financial Group | 0.04% | 0.64% | |
| Flagstar Bank | 0.04% | 0.96% | |
| Freedom Mortgage Corporation | 0.05% | 4.49% | |
| Fairway Independent Mortgage Corporation | 0.06% | 1.28% | |
| Mr. Cooper | 0.08% | 6.09% |
Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.02% | 8.82% | |
| Huntington National Bank | -0.02% | 5.88% | |
| NVR Mortgage Finance Inc | -0.01% | 5.88% | |
| First Federal Lakewood | -0.01% | 11.76% | |
| Wells Fargo Bank | -0.01% | 5.88% | |
| Third Federal Savings & Loan | -0.01% | 2.94% | |
| KeyBank | -0.00% | 8.82% | |
| PNC Bank | 0.00% | 11.76% | |
| Civista Bank | 0.01% | 2.94% | |
| Northwest Bank PA | 0.01% | 2.94% | |
| First National Bank of Pennsylvania | 0.01% | 8.82% | |
| US Bank | 0.01% | 5.88% | |
| Navy Federal Credit Union | 0.01% | 2.94% | |
| Quicken Loans | 0.02% | 2.94% | |
| Dollar Bank | 0.03% | 11.76% |
Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.02% | 12.00% | |
| NVR Mortgage Finance Inc | -0.02% | 8.00% | |
| First Federal Lakewood | -0.01% | 8.00% | |
| Wells Fargo Bank | -0.01% | 8.00% | |
| Third Federal Savings & Loan | -0.01% | 4.00% | |
| KeyBank | -0.01% | 8.00% | |
| PNC Bank | -0.00% | 8.00% | |
| Civista Bank | 0.01% | 4.00% | |
| Northwest Bank PA | 0.01% | 4.00% | |
| First National Bank of Pennsylvania | 0.01% | 4.00% | |
| US Bank | 0.01% | 8.00% | |
| Navy Federal Credit Union | 0.01% | 4.00% | |
| Quicken Loans | 0.02% | 4.00% | |
| Dollar Bank | 0.03% | 16.00% |
Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.02% | 22.22% | |
| First Federal Lakewood | -0.01% | 22.22% | |
| PNC Bank | 0.00% | 22.22% | |
| KeyBank | 0.01% | 11.11% | |
| First National Bank of Pennsylvania | 0.01% | 22.22% |
Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.19% | 8.88% | |
| USAA | -0.15% | 15.83% | |
| K. Hovnanian American Mortgage | -0.03% | 4.25% | |
| Huntington National Bank | -0.01% | 3.09% | |
| loanDepot | -0.00% | 1.16% | |
| First Federal Lakewood | 0.00% | 2.70% | |
| First National Bank of Pennsylvania | 0.00% | 0.39% | |
| Wells Fargo Bank | 0.01% | 0.77% | |
| US Bank | 0.01% | 1.16% | |
| Civista Bank | 0.01% | 1.16% | |
| Bank of England AR | 0.01% | 2.32% | |
| Mid America Mortgage | 0.02% | 0.77% | |
| PNC Bank | 0.02% | 1.16% | |
| Northwest Bank PA | 0.02% | 0.39% | |
| Amerifirst Home Mortgage | 0.02% | 1.16% | |
| Fifth Third Bank | 0.02% | 1.93% | |
| JPMorgan Chase Bank | 0.02% | 0.39% | |
| Fairway Independent Mortgage Corporation | 0.02% | 3.47% | |
| NVR Mortgage Finance Inc | 0.03% | 5.41% | |
| Gold Star Mortgage Financial Group | 0.03% | 0.39% | |
| Home Point Financial Corporation | 0.04% | 1.93% | |
| American Midwest Mortgage | 0.04% | 6.18% | |
| Nations Lending Corporation | 0.04% | 0.77% | |
| KeyBank | 0.04% | 0.77% | |
| Flagstar Bank | 0.06% | 0.77% | |
| NewRez | 0.07% | 5.02% | |
| Freedom Mortgage Corporation | 0.07% | 3.09% | |
| Liberty Home Mortgage | 0.09% | 1.54% | |
| Quicken Loans | 0.10% | 6.95% | |
| Union Home Mortgage | 0.11% | 9.27% | |
| LendUS LLC | 0.12% | 6.95% |
Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.11% | 4.93% | |
| USAA | -0.08% | 7.04% | |
| Flagstar Bank | -0.06% | 2.82% | |
| Civista Bank | -0.06% | 1.41% | |
| loanDepot | -0.05% | 10.56% | |
| Carrington Mortgage Services | -0.05% | 8.45% | |
| American Midwest Mortgage | -0.05% | 2.82% | |
| LendUS LLC | -0.05% | 2.11% | |
| Northwest Bank PA | -0.04% | 0.70% | |
| Bank of England AR | -0.04% | 1.41% | |
| Mid America Mortgage | -0.04% | 1.41% | |
| Nations Lending Corporation | -0.04% | 3.52% | |
| NewRez | -0.04% | 2.11% | |
| Fifth Third Bank | -0.03% | 0.70% | |
| Home Point Financial Corporation | -0.02% | 2.11% | |
| JPMorgan Chase Bank | -0.01% | 0.70% | |
| Huntington National Bank | 0.00% | 6.34% | |
| Freedom Mortgage Corporation | 0.01% | 5.63% | |
| Mr. Cooper | 0.02% | 4.93% | |
| Quicken Loans | 0.10% | 30.28% |
* Data is compiled for the North Ridgeville, OH commuting zone area, which comprises of counties of Erie County, OH, Huron County, OH, and Lorain County, OH. This includes cities/towns/communities of North Ridgeville, OH as well as Elyria, OH, Lorain, OH, Avon Lake, OH, Avon, OH, Amherst, OH, Sandusky, OH, Norwalk, OH, LaGrange, OH, Grafton, OH, Huron, OH, Sheffield Lake, OH, Vermilion, OH, Berlin Heights, OH, Vermilion, OH, Oberlin, OH, Wellington, OH, Milan, OH, Sheffield, OH, South Amherst, OH, Beulah Beach, OH, Willard, OH, Castalia, OH, Wakeman, OH, Rochester, OH, Kipton, OH, Holiday Lakes, OH, Greenwich, OH, New London, OH, Monroeville, OH, and Bellevue, OH. 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
This page contains information about the top mortgage lenders in the North Ridgeville, OH area. For mortgage lender rankings in other cities, click here.