Top Mortgage Lenders in Defiance, OH

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. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We 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, 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

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
State Bank and Trust Company-0.12%(4.0)17.31%
Premier Bank-0.11%(4.0)26.05%
Farmers & Merchants State Bank0.04%(3.5)14.43%
KeyBank0.04%(3.5)1.84%
Equity Resources0.06%(3.0)2.70%
Fifth Third Bank0.06%(3.0)5.98%
Huntington National Bank0.09%(3.0)16.33%
Union Home Mortgage0.09%(3.0)1.78%
Ruoff Mortgage0.12%(3.0)2.13%
PNC Bank0.14%(3.0)3.74%
Quicken Loans0.18%(2.5)7.71%
Lender NameRate DifferenceRate RatingMarket Share
State Bank and Trust Company-0.09%(4.0)17.00%
Premier Bank-0.08%(4.0)28.26%
Huntington National Bank0.04%(3.5)16.89%
Farmers & Merchants State Bank0.05%(3.0)13.35%
KeyBank0.06%(3.0)1.36%
Equity Resources0.07%(3.0)3.65%
Fifth Third Bank0.07%(3.0)4.48%
Union Home Mortgage0.08%(3.0)2.50%
PNC Bank0.08%(3.0)2.92%
Ruoff Mortgage0.12%(3.0)3.55%
Quicken Loans0.19%(2.5)6.05%
Lender NameRate DifferenceRate RatingMarket Share
State Bank and Trust Company-0.15%(4.0)17.69%
Premier Bank-0.14%(4.0)23.33%
Farmers & Merchants State Bank0.02%(3.5)15.77%
Equity Resources0.03%(3.5)1.54%
KeyBank0.03%(3.5)2.44%
Fifth Third Bank0.05%(3.0)7.82%
Ruoff Mortgage0.06%(3.0)0.38%
Union Home Mortgage0.11%(3.0)0.90%
Huntington National Bank0.15%(2.5)15.64%
Quicken Loans0.18%(2.5)9.74%
PNC Bank0.18%(2.5)4.74%
Lender NameRate DifferenceRate RatingMarket Share
State Bank and Trust Company-0.13%(4.0)17.84%
Premier Bank-0.11%(4.0)29.43%
Farmers & Merchants State Bank0.04%(3.5)16.34%
KeyBank0.04%(3.5)1.89%
Equity Resources0.05%(3.5)1.69%
Fifth Third Bank0.06%(3.0)6.38%
Union Home Mortgage0.09%(3.0)1.69%
Huntington National Bank0.13%(3.0)14.78%
Ruoff Mortgage0.14%(3.0)1.30%
PNC Bank0.15%(3.0)3.84%
Quicken Loans0.29%(2.0)4.82%
Lender NameRate DifferenceRate RatingMarket Share
State Bank and Trust Company-0.10%(4.0)16.97%
Premier Bank-0.09%(4.0)33.21%
Farmers & Merchants State Bank0.05%(3.0)15.74%
Equity Resources0.06%(3.0)2.34%
KeyBank0.06%(3.0)1.23%
Fifth Third Bank0.07%(3.0)4.80%
Union Home Mortgage0.09%(3.0)2.34%
PNC Bank0.09%(3.0)2.83%
Huntington National Bank0.09%(3.0)14.27%
Ruoff Mortgage0.15%(2.5)2.21%
Quicken Loans0.28%(2.0)4.06%
Lender NameRate DifferenceRate RatingMarket Share
State Bank and Trust Company-0.15%(4.0)18.81%
Premier Bank-0.14%(4.0)25.17%
Equity Resources0.01%(3.5)0.97%
Farmers & Merchants State Bank0.02%(3.5)17.01%
KeyBank0.04%(3.5)2.63%
Fifth Third Bank0.05%(3.0)8.16%
Ruoff Mortgage0.06%(3.0)0.28%
Union Home Mortgage0.11%(3.0)0.97%
Huntington National Bank0.17%(2.5)15.35%
PNC Bank0.19%(2.5)4.98%
Quicken Loans0.30%(2.0)5.67%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.10%(4.0)29.81%
State Bank and Trust Company-0.06%(4.0)11.80%
Fifth Third Bank0.04%(3.5)2.48%
Quicken Loans0.05%(3.5)30.43%
Premier Bank0.05%(3.5)0.62%
PNC Bank0.06%(3.0)2.48%
KeyBank0.06%(3.0)0.62%
Union Home Mortgage0.07%(3.0)3.11%
Equity Resources0.08%(3.0)8.70%
Ruoff Mortgage0.10%(3.0)9.94%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.11%(4.0)33.62%
State Bank and Trust Company-0.07%(4.0)14.66%
Fifth Third Bank0.05%(3.5)2.59%
Premier Bank0.06%(3.0)0.86%
PNC Bank0.07%(3.0)2.59%
KeyBank0.08%(3.0)0.86%
Union Home Mortgage0.08%(3.0)4.31%
Quicken Loans0.09%(3.0)18.10%
Equity Resources0.10%(3.0)9.48%
Ruoff Mortgage0.11%(3.0)12.93%
Lender NameRate DifferenceRate RatingMarket Share
Huntington National Bank-0.01%(3.5)20.00%
Quicken Loans-0.01%(3.5)62.22%
State Bank and Trust Company0.02%(3.5)4.44%
Equity Resources0.04%(3.5)6.67%
Fifth Third Bank0.04%(3.5)2.22%
Ruoff Mortgage0.04%(3.5)2.22%
PNC Bank0.05%(3.0)2.22%
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Lender NameRate DifferenceRate RatingMarket Share
PNC Bank-0.03%(3.5)4.76%
State Bank and Trust Company-0.01%(3.5)19.05%
Huntington National Bank-0.01%(3.5)21.43%
Fifth Third Bank-0.01%(3.5)4.76%
KeyBank-0.01%(3.5)4.76%
Ruoff Mortgage-0.00%(3.5)2.38%
Equity Resources-0.00%(3.5)16.67%
Quicken Loans0.03%(3.5)26.19%
Lender NameRate DifferenceRate RatingMarket Share
PNC Bank-0.02%(3.5)6.67%
Huntington National Bank-0.01%(3.5)23.33%
State Bank and Trust Company-0.00%(3.5)26.67%
Fifth Third Bank-0.00%(3.5)3.33%
KeyBank0.00%(3.5)6.67%
Quicken Loans0.01%(3.5)13.33%
Ruoff Mortgage0.01%(3.5)3.33%
Equity Resources0.01%(3.5)16.67%
Lender NameRate DifferenceRate RatingMarket Share
Equity Resources-0.04%(3.5)16.67%
Fifth Third Bank-0.04%(3.5)8.33%
Huntington National Bank-0.02%(3.5)16.67%
Quicken Loans0.02%(3.5)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.

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