Top Mortgage Lenders in Evansville, IN

Which mortgage lender in the Evansville, 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 Evansville, IN 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 Evansville, IN area in terms of interest rate is Heritgage Federal Credit Union, with an average “Rate Difference” of -0.14%. This means that, comparing similar borrowers, Heritgage Federal Credit Union provided a -0.14% lower interest rate for its customers than other lenders in the area. Heritgage Federal Credit Union has a market share of 6.9%. On the other hand, the most popular lender in the Evansville, IN area is Evansville Teachers Federal Credit Union, with a larger market share of 27.5%. Evansville Teachers Federal Credit Union is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.00% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Evansville, 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, the cheapest lender for Conventional mortgages in Evansville, IN is Heritgage Federal Credit Union. If you want to take out a loan that is above conforming limits (for example, above $548,250 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 German American 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 Evansville, IN

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Heritgage Federal Credit Union-0.14%(4.0)6.90%
German American Bank-0.08%(4.0)7.35%
Old National Bank-0.05%(3.5)8.28%
Navy Federal Credit Union-0.04%(3.5)0.71%
Bank of England AR-0.01%(3.5)1.41%
Evansville Federal Credit Union-0.01%(3.5)1.10%
Fifth Third Bank-0.01%(3.5)8.07%
Evansville Teachers Federal Credit Union-0.00%(3.5)27.45%
Mortgage Masters of Indiana0.00%(3.5)12.82%
USAA0.01%(3.5)0.74%
loanDepot0.01%(3.5)0.90%
Stearns Home Loans0.03%(3.5)1.41%
JPMorgan Chase Bank0.05%(3.0)0.60%
Regions Bank0.06%(3.0)0.57%
Ruoff Mortgage0.07%(3.0)5.18%
Flagstar Bank0.07%(3.0)0.57%
Caliber Home Loans0.07%(3.0)1.94%
Wells Fargo Bank0.09%(3.0)0.86%
FBC Mortgage0.09%(3.0)1.93%
Mr. Cooper0.09%(3.0)0.95%
Carrington Mortgage Services0.09%(3.0)0.88%
Quicken Loans0.10%(3.0)6.90%
Freedom Mortgage Corporation0.10%(3.0)0.79%
Fair Way Lending0.15%(2.5)0.71%
GVC Mortgage0.16%(2.5)0.98%
Lender NameRate DifferenceRate RatingMarket Share
German American Bank-0.10%(4.0)9.19%
Heritgage Federal Credit Union-0.10%(4.0)6.48%
Navy Federal Credit Union-0.06%(4.0)1.05%
Fifth Third Bank-0.04%(3.5)5.25%
Old National Bank-0.03%(3.5)7.11%
Bank of England AR-0.03%(3.5)2.01%
Evansville Teachers Federal Credit Union-0.02%(3.5)20.29%
Mr. Cooper-0.00%(3.5)0.60%
USAA0.01%(3.5)0.96%
Mortgage Masters of Indiana0.01%(3.5)18.43%
Evansville Federal Credit Union0.02%(3.5)0.99%
JPMorgan Chase Bank0.02%(3.5)0.66%
Stearns Home Loans0.03%(3.5)2.34%
loanDepot0.05%(3.5)0.09%
Regions Bank0.05%(3.0)0.57%
Wells Fargo Bank0.05%(3.0)1.02%
Quicken Loans0.08%(3.0)4.95%
Ruoff Mortgage0.08%(3.0)8.14%
FBC Mortgage0.09%(3.0)3.09%
Caliber Home Loans0.10%(3.0)2.55%
Flagstar Bank0.10%(3.0)0.57%
Freedom Mortgage Corporation0.10%(3.0)0.72%
Carrington Mortgage Services0.13%(3.0)0.60%
GVC Mortgage0.17%(2.5)1.35%
Fair Way Lending0.18%(2.5)0.96%
Lender NameRate DifferenceRate RatingMarket Share
Heritgage Federal Credit Union-0.19%(4.5)7.46%
Old National Bank-0.06%(4.0)9.84%
Ruoff Mortgage-0.06%(4.0)1.21%
Mortgage Masters of Indiana-0.04%(3.5)5.28%
Evansville Federal Credit Union-0.03%(3.5)1.25%
German American Bank-0.03%(3.5)4.88%
Caliber Home Loans0.01%(3.5)1.13%
USAA0.01%(3.5)0.44%
Fifth Third Bank0.01%(3.5)11.86%
loanDepot0.01%(3.5)1.98%
Evansville Teachers Federal Credit Union0.02%(3.5)37.07%
FBC Mortgage0.02%(3.5)0.36%
Stearns Home Loans0.03%(3.5)0.16%
Navy Federal Credit Union0.03%(3.5)0.24%
Flagstar Bank0.04%(3.5)0.56%
Bank of England AR0.05%(3.5)0.61%
Carrington Mortgage Services0.06%(3.0)1.25%
Regions Bank0.06%(3.0)0.56%
Fair Way Lending0.07%(3.0)0.36%
Freedom Mortgage Corporation0.09%(3.0)0.89%
JPMorgan Chase Bank0.09%(3.0)0.52%
Quicken Loans0.11%(3.0)9.52%
GVC Mortgage0.12%(3.0)0.48%
Mr. Cooper0.14%(3.0)1.41%
Wells Fargo Bank0.15%(2.5)0.65%
Lender NameRate DifferenceRate RatingMarket Share
Heritgage Federal Credit Union-0.14%(4.0)9.36%
German American Bank-0.07%(4.0)9.04%
Old National Bank-0.05%(3.5)10.35%
Ruoff Mortgage-0.03%(3.5)3.22%
Evansville Federal Credit Union-0.01%(3.5)1.46%
Fifth Third Bank-0.01%(3.5)10.11%
Bank of England AR-0.00%(3.5)0.77%
Evansville Teachers Federal Credit Union0.01%(3.5)33.87%
Carrington Mortgage Services0.01%(3.5)0.16%
loanDepot0.02%(3.5)0.52%
Caliber Home Loans0.03%(3.5)0.82%
JPMorgan Chase Bank0.05%(3.0)0.80%
USAA0.05%(3.0)0.28%
Navy Federal Credit Union0.05%(3.0)0.33%
Mortgage Masters of Indiana0.08%(3.0)8.82%
Regions Bank0.09%(3.0)0.59%
Wells Fargo Bank0.09%(3.0)1.06%
Flagstar Bank0.10%(3.0)0.52%
GVC Mortgage0.10%(3.0)0.28%
Stearns Home Loans0.10%(3.0)0.38%
Freedom Mortgage Corporation0.13%(3.0)0.16%
FBC Mortgage0.15%(2.5)1.34%
Mr. Cooper0.18%(2.5)0.33%
Quicken Loans0.18%(2.5)5.12%
Fair Way Lending0.19%(2.5)0.33%
Lender NameRate DifferenceRate RatingMarket Share
Heritgage Federal Credit Union-0.10%(4.0)9.95%
German American Bank-0.09%(4.0)12.34%
Fifth Third Bank-0.04%(3.5)6.68%
Old National Bank-0.02%(3.5)9.67%
Ruoff Mortgage-0.02%(3.5)5.16%
Bank of England AR-0.02%(3.5)1.24%
Evansville Teachers Federal Credit Union-0.01%(3.5)24.97%
Evansville Federal Credit Union0.02%(3.5)1.43%
JPMorgan Chase Bank0.03%(3.5)0.97%
Freedom Mortgage Corporation0.03%(3.5)0.05%
Caliber Home Loans0.04%(3.5)1.06%
Wells Fargo Bank0.06%(3.0)1.34%
Navy Federal Credit Union0.06%(3.0)0.51%
USAA0.06%(3.0)0.41%
Carrington Mortgage Services0.07%(3.0)0.09%
GVC Mortgage0.10%(3.0)0.37%
Mortgage Masters of Indiana0.10%(3.0)14.09%
Quicken Loans0.11%(3.0)4.79%
Stearns Home Loans0.11%(3.0)0.64%
Regions Bank0.12%(3.0)0.55%
Flagstar Bank0.12%(3.0)0.64%
FBC Mortgage0.15%(2.5)2.53%
Fair Way Lending0.21%(2.5)0.51%
Lender NameRate DifferenceRate RatingMarket Share
Heritgage Federal Credit Union-0.19%(4.5)8.76%
Ruoff Mortgage-0.08%(4.0)1.20%
Old National Bank-0.07%(4.0)11.05%
Evansville Federal Credit Union-0.03%(3.5)1.48%
German American Bank-0.03%(3.5)5.60%
Mortgage Masters of Indiana-0.02%(3.5)3.35%
Carrington Mortgage Services-0.01%(3.5)0.24%
Caliber Home Loans0.01%(3.5)0.57%
Fifth Third Bank0.01%(3.5)13.68%
Evansville Teachers Federal Credit Union0.02%(3.5)43.11%
loanDepot0.02%(3.5)1.05%
Stearns Home Loans0.02%(3.5)0.10%
USAA0.03%(3.5)0.14%
Navy Federal Credit Union0.04%(3.5)0.14%
FBC Mortgage0.05%(3.0)0.10%
Flagstar Bank0.06%(3.0)0.38%
Bank of England AR0.06%(3.0)0.29%
Regions Bank0.07%(3.0)0.62%
JPMorgan Chase Bank0.10%(3.0)0.62%
Fair Way Lending0.10%(3.0)0.14%
GVC Mortgage0.10%(3.0)0.19%
Freedom Mortgage Corporation0.15%(3.0)0.29%
Wells Fargo Bank0.15%(2.5)0.77%
Mr. Cooper0.18%(2.5)0.67%
Quicken Loans0.25%(2.5)5.45%
Lender NameRate DifferenceRate RatingMarket Share
German American Bank-0.20%(4.5)2.63%
Old National Bank-0.11%(4.0)1.87%
Mortgage Masters of Indiana-0.08%(4.0)26.76%
Regions Bank-0.07%(4.0)0.51%
Evansville Teachers Federal Credit Union-0.07%(4.0)10.28%
Bank of England AR-0.03%(3.5)3.57%
Quicken Loans-0.03%(3.5)11.64%
Stearns Home Loans-0.01%(3.5)4.59%
Fifth Third Bank-0.01%(3.5)2.04%
FBC Mortgage0.01%(3.5)3.82%
Flagstar Bank0.04%(3.5)0.34%
Wells Fargo Bank0.05%(3.5)0.17%
Mr. Cooper0.05%(3.5)2.89%
loanDepot0.06%(3.0)0.85%
Freedom Mortgage Corporation0.09%(3.0)2.46%
Carrington Mortgage Services0.10%(3.0)2.46%
Caliber Home Loans0.11%(3.0)4.93%
Fair Way Lending0.14%(3.0)2.04%
Ruoff Mortgage0.15%(2.5)12.74%
GVC Mortgage0.18%(2.5)3.40%
Lender NameRate DifferenceRate RatingMarket Share
German American Bank-0.20%(4.5)3.28%
Old National Bank-0.13%(4.0)2.12%
Mortgage Masters of Indiana-0.08%(4.0)28.99%
Evansville Teachers Federal Credit Union-0.08%(4.0)11.64%
Regions Bank-0.08%(4.0)0.63%
Bank of England AR-0.05%(4.0)3.70%
Mr. Cooper-0.02%(3.5)1.80%
Fifth Third Bank-0.02%(3.5)2.22%
Stearns Home Loans-0.02%(3.5)5.61%
FBC Mortgage0.01%(3.5)4.34%
Quicken Loans0.02%(3.5)4.97%
loanDepot0.04%(3.5)0.11%
Flagstar Bank0.04%(3.5)0.42%
Wells Fargo Bank0.04%(3.5)0.21%
Freedom Mortgage Corporation0.10%(3.0)2.33%
Caliber Home Loans0.13%(3.0)5.29%
Ruoff Mortgage0.15%(2.5)15.66%
Carrington Mortgage Services0.16%(2.5)1.38%
Fair Way Lending0.17%(2.5)1.90%
GVC Mortgage0.19%(2.5)3.39%
Lender NameRate DifferenceRate RatingMarket Share
Mortgage Masters of Indiana-0.06%(4.0)17.67%
Quicken Loans-0.05%(3.5)38.79%
FBC Mortgage-0.00%(3.5)1.72%
Caliber Home Loans0.00%(3.5)3.45%
Stearns Home Loans0.03%(3.5)0.43%
Old National Bank0.03%(3.5)0.86%
Fifth Third Bank0.03%(3.5)1.29%
Ruoff Mortgage0.04%(3.5)0.86%
Bank of England AR0.04%(3.5)3.02%
Evansville Teachers Federal Credit Union0.05%(3.0)4.74%
Fair Way Lending0.06%(3.0)2.59%
Carrington Mortgage Services0.06%(3.0)6.90%
Freedom Mortgage Corporation0.07%(3.0)3.02%
loanDepot0.07%(3.0)3.88%
Mr. Cooper0.13%(3.0)7.33%
GVC Mortgage0.13%(3.0)3.45%
Lender NameRate DifferenceRate RatingMarket Share
Old National Bank-0.01%(3.5)39.47%
Heritgage Federal Credit Union-0.01%(3.5)5.26%
Fifth Third Bank-0.00%(3.5)15.79%
Regions Bank0.01%(3.5)2.63%
German American Bank0.01%(3.5)2.63%
JPMorgan Chase Bank0.01%(3.5)2.63%
Evansville Teachers Federal Credit Union0.01%(3.5)28.95%
Wells Fargo Bank0.02%(3.5)2.63%
Lender NameRate DifferenceRate RatingMarket Share
Old National Bank-0.02%(3.5)31.25%
Fifth Third Bank-0.01%(3.5)25.00%
JPMorgan Chase Bank0.01%(3.5)6.25%
Evansville Teachers Federal Credit Union0.02%(3.5)31.25%
Wells Fargo Bank0.02%(3.5)6.25%
Lender NameRate DifferenceRate RatingMarket Share
Heritgage Federal Credit Union-0.01%(3.5)9.09%
Old National Bank-0.00%(3.5)45.45%
Regions Bank0.00%(3.5)4.55%
German American Bank0.00%(3.5)4.55%
Evansville Teachers Federal Credit Union0.01%(3.5)27.27%
Fifth Third Bank0.01%(3.5)9.09%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.11%(4.0)8.08%
Mortgage Masters of Indiana-0.06%(4.0)16.17%
German American Bank-0.03%(3.5)2.99%
loanDepot-0.03%(3.5)5.99%
USAA-0.02%(3.5)9.28%
Fifth Third Bank-0.01%(3.5)2.40%
Flagstar Bank-0.00%(3.5)2.10%
Old National Bank0.01%(3.5)0.90%
Bank of England AR0.01%(3.5)2.10%
Caliber Home Loans0.02%(3.5)5.99%
Regions Bank0.03%(3.5)0.30%
Wells Fargo Bank0.03%(3.5)0.60%
Quicken Loans0.03%(3.5)13.77%
Evansville Federal Credit Union0.04%(3.5)0.60%
Evansville Teachers Federal Credit Union0.04%(3.5)5.99%
Fair Way Lending0.05%(3.0)0.90%
Ruoff Mortgage0.05%(3.0)4.19%
GVC Mortgage0.06%(3.0)1.50%
Freedom Mortgage Corporation0.06%(3.0)2.99%
Mr. Cooper0.06%(3.0)2.10%
FBC Mortgage0.06%(3.0)2.99%
Stearns Home Loans0.07%(3.0)3.59%
Carrington Mortgage Services0.08%(3.0)4.49%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.12%(4.0)12.06%
Mortgage Masters of Indiana-0.05%(3.5)17.09%
German American Bank-0.04%(3.5)3.52%
USAA-0.02%(3.5)11.56%
Fifth Third Bank-0.01%(3.5)2.51%
Quicken Loans0.01%(3.5)7.04%
Old National Bank0.01%(3.5)1.01%
Bank of England AR0.02%(3.5)2.51%
Flagstar Bank0.03%(3.5)0.50%
Caliber Home Loans0.03%(3.5)6.03%
Regions Bank0.03%(3.5)0.50%
Freedom Mortgage Corporation0.03%(3.5)0.50%
Wells Fargo Bank0.04%(3.5)1.01%
Mr. Cooper0.04%(3.5)1.51%
Evansville Federal Credit Union0.04%(3.5)1.01%
loanDepot0.05%(3.5)1.01%
Evansville Teachers Federal Credit Union0.05%(3.5)9.55%
Fair Way Lending0.06%(3.0)1.51%
GVC Mortgage0.07%(3.0)2.51%
Carrington Mortgage Services0.07%(3.0)2.51%
Ruoff Mortgage0.07%(3.0)5.53%
Stearns Home Loans0.08%(3.0)5.53%
FBC Mortgage0.09%(3.0)3.52%
Lender NameRate DifferenceRate RatingMarket Share
Mortgage Masters of Indiana-0.08%(4.0)14.81%
loanDepot-0.04%(3.5)13.33%
USAA-0.02%(3.5)5.93%
German American Bank-0.02%(3.5)2.22%
Flagstar Bank-0.01%(3.5)4.44%
Ruoff Mortgage-0.01%(3.5)2.22%
Caliber Home Loans-0.01%(3.5)5.93%
Fifth Third Bank-0.00%(3.5)2.22%
Evansville Teachers Federal Credit Union0.00%(3.5)0.74%
Bank of England AR0.00%(3.5)1.48%
Old National Bank0.01%(3.5)0.74%
FBC Mortgage0.01%(3.5)2.22%
Navy Federal Credit Union0.01%(3.5)2.22%
Stearns Home Loans0.01%(3.5)0.74%
Quicken Loans0.04%(3.5)23.70%
Freedom Mortgage Corporation0.06%(3.0)6.67%
Mr. Cooper0.07%(3.0)2.96%
Carrington Mortgage Services0.08%(3.0)7.41%

* Data is compiled for the Evansville, IN commuting zone area, which comprises of counties of Dubois County, IN, Gibson County, IN, Perry County, IN, Pike County, IN, Posey County, IN, Spencer County, IN, Vanderburgh County, IN, and Warrick County, IN. This includes cities/towns/communities of Evansville, IN as well as Newburgh, IN, Darmstadt, IN, Boonville, IN, Huntingburg, IN, Highland, IN, Princeton, IN, Fort Branch, IN, Chandler, IN, Jasper, IN, Mount Vernon, IN, Tell City, IN, St. Meinrad, IN, Cynthiana, IN, Petersburg, IN, Hatfield, IN, Somerville, IN, Birdseye, IN, Owensville, IN, Holland, IN, Patoka, IN, Lynnville, IN, Troy, IN, Otwell, IN, Tennyson, IN, Rockport, IN, Parkers Settlement, IN, Grandview, IN, New Harmony, IN, Winslow, IN, and Chrisney, 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.

Mortgage Lender Rankings in Other Cities

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