Which mortgage lender in the Defiance, 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 Defiance, 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 Defiance, OH area in terms of interest rate is State Bank and Trust Company, with an average “Rate Difference” of -0.12%. This means that, comparing similar borrowers, State Bank and Trust Company provided a -0.12% lower interest rate for its customers than other lenders in the area. State Bank and Trust Company has a market share of 17.3%. On the other hand, the most popular lender in the Defiance, OH area is Premier Bank, with a larger market share of 26.0%. Premier Bank is also a relatively cheap lender, with a “Rate Difference” of -0.11% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Defiance, 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 Defiance, OH is State Bank and Trust Company. 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 PNC Bank. 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 Defiance, OH
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank and Trust Company | -0.12% | 17.31% | |
| Premier Bank | -0.11% | 26.05% | |
| Farmers & Merchants State Bank | 0.04% | 14.43% | |
| KeyBank | 0.04% | 1.84% | |
| Equity Resources | 0.06% | 2.70% | |
| Fifth Third Bank | 0.06% | 5.98% | |
| Huntington National Bank | 0.09% | 16.33% | |
| Union Home Mortgage | 0.09% | 1.78% | |
| Ruoff Mortgage | 0.12% | 2.13% | |
| PNC Bank | 0.14% | 3.74% | |
| Quicken Loans | 0.18% | 7.71% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank and Trust Company | -0.09% | 17.00% | |
| Premier Bank | -0.08% | 28.26% | |
| Huntington National Bank | 0.04% | 16.89% | |
| Farmers & Merchants State Bank | 0.05% | 13.35% | |
| KeyBank | 0.06% | 1.36% | |
| Equity Resources | 0.07% | 3.65% | |
| Fifth Third Bank | 0.07% | 4.48% | |
| Union Home Mortgage | 0.08% | 2.50% | |
| PNC Bank | 0.08% | 2.92% | |
| Ruoff Mortgage | 0.12% | 3.55% | |
| Quicken Loans | 0.19% | 6.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank and Trust Company | -0.15% | 17.69% | |
| Premier Bank | -0.14% | 23.33% | |
| Farmers & Merchants State Bank | 0.02% | 15.77% | |
| Equity Resources | 0.03% | 1.54% | |
| KeyBank | 0.03% | 2.44% | |
| Fifth Third Bank | 0.05% | 7.82% | |
| Ruoff Mortgage | 0.06% | 0.38% | |
| Union Home Mortgage | 0.11% | 0.90% | |
| Huntington National Bank | 0.15% | 15.64% | |
| Quicken Loans | 0.18% | 9.74% | |
| PNC Bank | 0.18% | 4.74% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank and Trust Company | -0.13% | 17.84% | |
| Premier Bank | -0.11% | 29.43% | |
| Farmers & Merchants State Bank | 0.04% | 16.34% | |
| KeyBank | 0.04% | 1.89% | |
| Equity Resources | 0.05% | 1.69% | |
| Fifth Third Bank | 0.06% | 6.38% | |
| Union Home Mortgage | 0.09% | 1.69% | |
| Huntington National Bank | 0.13% | 14.78% | |
| Ruoff Mortgage | 0.14% | 1.30% | |
| PNC Bank | 0.15% | 3.84% | |
| Quicken Loans | 0.29% | 4.82% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank and Trust Company | -0.10% | 16.97% | |
| Premier Bank | -0.09% | 33.21% | |
| Farmers & Merchants State Bank | 0.05% | 15.74% | |
| Equity Resources | 0.06% | 2.34% | |
| KeyBank | 0.06% | 1.23% | |
| Fifth Third Bank | 0.07% | 4.80% | |
| Union Home Mortgage | 0.09% | 2.34% | |
| PNC Bank | 0.09% | 2.83% | |
| Huntington National Bank | 0.09% | 14.27% | |
| Ruoff Mortgage | 0.15% | 2.21% | |
| Quicken Loans | 0.28% | 4.06% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| State Bank and Trust Company | -0.15% | 18.81% | |
| Premier Bank | -0.14% | 25.17% | |
| Equity Resources | 0.01% | 0.97% | |
| Farmers & Merchants State Bank | 0.02% | 17.01% | |
| KeyBank | 0.04% | 2.63% | |
| Fifth Third Bank | 0.05% | 8.16% | |
| Ruoff Mortgage | 0.06% | 0.28% | |
| Union Home Mortgage | 0.11% | 0.97% | |
| Huntington National Bank | 0.17% | 15.35% | |
| PNC Bank | 0.19% | 4.98% | |
| Quicken Loans | 0.30% | 5.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.10% | 29.81% | |
| State Bank and Trust Company | -0.06% | 11.80% | |
| Fifth Third Bank | 0.04% | 2.48% | |
| Quicken Loans | 0.05% | 30.43% | |
| Premier Bank | 0.05% | 0.62% | |
| PNC Bank | 0.06% | 2.48% | |
| KeyBank | 0.06% | 0.62% | |
| Union Home Mortgage | 0.07% | 3.11% | |
| Equity Resources | 0.08% | 8.70% | |
| Ruoff Mortgage | 0.10% | 9.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.11% | 33.62% | |
| State Bank and Trust Company | -0.07% | 14.66% | |
| Fifth Third Bank | 0.05% | 2.59% | |
| Premier Bank | 0.06% | 0.86% | |
| PNC Bank | 0.07% | 2.59% | |
| KeyBank | 0.08% | 0.86% | |
| Union Home Mortgage | 0.08% | 4.31% | |
| Quicken Loans | 0.09% | 18.10% | |
| Equity Resources | 0.10% | 9.48% | |
| Ruoff Mortgage | 0.11% | 12.93% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Huntington National Bank | -0.01% | 20.00% | |
| Quicken Loans | -0.01% | 62.22% | |
| State Bank and Trust Company | 0.02% | 4.44% | |
| Equity Resources | 0.04% | 6.67% | |
| Fifth Third Bank | 0.04% | 2.22% | |
| Ruoff Mortgage | 0.04% | 2.22% | |
| PNC Bank | 0.05% | 2.22% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PNC Bank | -0.03% | 4.76% | |
| State Bank and Trust Company | -0.01% | 19.05% | |
| Huntington National Bank | -0.01% | 21.43% | |
| Fifth Third Bank | -0.01% | 4.76% | |
| KeyBank | -0.01% | 4.76% | |
| Ruoff Mortgage | -0.00% | 2.38% | |
| Equity Resources | -0.00% | 16.67% | |
| Quicken Loans | 0.03% | 26.19% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| PNC Bank | -0.02% | 6.67% | |
| Huntington National Bank | -0.01% | 23.33% | |
| State Bank and Trust Company | -0.00% | 26.67% | |
| Fifth Third Bank | -0.00% | 3.33% | |
| KeyBank | 0.00% | 6.67% | |
| Quicken Loans | 0.01% | 13.33% | |
| Ruoff Mortgage | 0.01% | 3.33% | |
| Equity Resources | 0.01% | 16.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Equity Resources | -0.04% | 16.67% | |
| Fifth Third Bank | -0.04% | 8.33% | |
| Huntington National Bank | -0.02% | 16.67% | |
| Quicken Loans | 0.02% | 58.33% |
* Data is compiled for the Defiance, OH commuting zone area, which comprises of counties of Defiance County, OH, Fulton County, OH, Henry County, OH, Paulding County, OH, and Williams County, OH. This includes cities/towns/communities of Defiance, OH as well as Bryan, OH, Wauseon, OH, Napoleon, OH, Fayette, OH, Pettisville, OH, Swanton, OH, Pioneer, OH, Ney, OH, Archbold, OH, Delta, OH, Liberty Center, OH, Lyons, OH, Ridgeville Corners, OH, Montpelier, OH, Stryker, OH, West Unity, OH, Edon, OH, Paulding, OH, Hicksville, OH, Payne, OH, Sherwood, OH, Metamora, OH, Antwerp, OH, Holgate, OH, McClure, OH, Oakwood, OH, Edgerton, OH, and Deshler, 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 Defiance, OH area. For mortgage lender rankings in other cities, click here.