Which mortgage lender in the Owensboro, KY 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 Owensboro, KY 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 Owensboro, KY area in terms of interest rate is German American Bank, with an average “Rate Difference” of -0.07%. This means that, comparing similar borrowers, German American Bank provided a -0.07% lower interest rate for its customers than other lenders in the area. German American Bank has a market share of 4.3%. On the other hand, the most popular lender in the Owensboro, KY area is Evansville Teachers Federal Credit Union, with a larger market share of 28.4%. Evansville Teachers Federal Credit Union is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.01% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Owensboro, KY 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 Owensboro, KY is German American 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 Evansville Teachers Federal Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Old National Bank. The cheapest VA mortgage provider is US 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 Owensboro, KY
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| German American Bank | -0.07% | 4.27% | |
| Independence Bank of Kentucky | -0.07% | 11.33% | |
| Old National Bank | -0.05% | 9.85% | |
| Ruoff Mortgage | -0.05% | 4.04% | |
| Evansville Teachers Federal Credit Union | -0.01% | 28.42% | |
| US Bank | -0.00% | 11.96% | |
| Fifth Third Bank | 0.01% | 4.61% | |
| JPMorgan Chase Bank | 0.03% | 2.45% | |
| Truist Bank | 0.04% | 2.90% | |
| FBC Mortgage | 0.05% | 4.73% | |
| South Central Bank | 0.07% | 3.42% | |
| Quicken Loans | 0.08% | 10.25% | |
| Sierra Pacific Mortgage | 0.18% | 1.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Independence Bank of Kentucky | -0.08% | 10.60% | |
| German American Bank | -0.08% | 5.25% | |
| Ruoff Mortgage | -0.05% | 5.43% | |
| US Bank | -0.03% | 13.18% | |
| Old National Bank | -0.02% | 7.21% | |
| JPMorgan Chase Bank | -0.00% | 2.76% | |
| Evansville Teachers Federal Credit Union | 0.01% | 29.56% | |
| Fifth Third Bank | 0.02% | 4.27% | |
| Truist Bank | 0.04% | 3.21% | |
| FBC Mortgage | 0.06% | 7.12% | |
| Quicken Loans | 0.08% | 5.97% | |
| South Central Bank | 0.10% | 2.76% | |
| Sierra Pacific Mortgage | 0.19% | 2.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.07% | 14.53% | |
| Independence Bank of Kentucky | -0.05% | 12.64% | |
| German American Bank | -0.04% | 2.53% | |
| Evansville Teachers Federal Credit Union | -0.03% | 26.38% | |
| Fifth Third Bank | -0.01% | 5.21% | |
| Ruoff Mortgage | -0.01% | 1.58% | |
| FBC Mortgage | 0.02% | 0.47% | |
| Sierra Pacific Mortgage | 0.03% | 0.16% | |
| South Central Bank | 0.04% | 4.58% | |
| Truist Bank | 0.04% | 2.37% | |
| US Bank | 0.06% | 9.79% | |
| Quicken Loans | 0.09% | 17.85% | |
| JPMorgan Chase Bank | 0.11% | 1.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| German American Bank | -0.08% | 4.81% | |
| Ruoff Mortgage | -0.08% | 3.05% | |
| Independence Bank of Kentucky | -0.07% | 15.18% | |
| Old National Bank | -0.04% | 11.75% | |
| Evansville Teachers Federal Credit Union | 0.00% | 26.09% | |
| US Bank | 0.00% | 13.20% | |
| Fifth Third Bank | 0.00% | 4.50% | |
| JPMorgan Chase Bank | 0.03% | 3.28% | |
| Truist Bank | 0.05% | 3.74% | |
| FBC Mortgage | 0.08% | 3.28% | |
| South Central Bank | 0.08% | 4.20% | |
| Sierra Pacific Mortgage | 0.08% | 0.31% | |
| Quicken Loans | 0.17% | 6.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Ruoff Mortgage | -0.09% | 4.10% | |
| German American Bank | -0.09% | 6.21% | |
| Independence Bank of Kentucky | -0.08% | 15.72% | |
| US Bank | -0.02% | 15.19% | |
| JPMorgan Chase Bank | 0.01% | 4.10% | |
| Old National Bank | 0.01% | 8.45% | |
| Fifth Third Bank | 0.02% | 4.10% | |
| Evansville Teachers Federal Credit Union | 0.03% | 24.31% | |
| Truist Bank | 0.05% | 4.49% | |
| FBC Mortgage | 0.09% | 5.55% | |
| Sierra Pacific Mortgage | 0.11% | 0.40% | |
| South Central Bank | 0.11% | 3.70% | |
| Quicken Loans | 0.13% | 3.70% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.08% | 16.25% | |
| Independence Bank of Kentucky | -0.05% | 14.44% | |
| German American Bank | -0.04% | 2.89% | |
| Evansville Teachers Federal Credit Union | -0.03% | 28.52% | |
| Fifth Third Bank | -0.02% | 5.05% | |
| Ruoff Mortgage | -0.01% | 1.62% | |
| Sierra Pacific Mortgage | 0.03% | 0.18% | |
| FBC Mortgage | 0.04% | 0.18% | |
| South Central Bank | 0.04% | 4.87% | |
| Truist Bank | 0.04% | 2.71% | |
| US Bank | 0.06% | 10.47% | |
| JPMorgan Chase Bank | 0.11% | 2.17% | |
| Quicken Loans | 0.18% | 10.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.10% | 4.71% | |
| US Bank | -0.03% | 8.31% | |
| German American Bank | -0.03% | 2.77% | |
| Evansville Teachers Federal Credit Union | -0.03% | 36.01% | |
| Ruoff Mortgage | -0.01% | 6.93% | |
| Quicken Loans | -0.00% | 21.61% | |
| South Central Bank | 0.01% | 1.11% | |
| Fifth Third Bank | 0.03% | 4.99% | |
| FBC Mortgage | 0.04% | 7.20% | |
| Sierra Pacific Mortgage | 0.22% | 6.37% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.10% | 5.63% | |
| US Bank | -0.04% | 8.94% | |
| German American Bank | -0.03% | 3.31% | |
| Evansville Teachers Federal Credit Union | -0.03% | 41.72% | |
| Ruoff Mortgage | -0.02% | 8.28% | |
| South Central Bank | 0.01% | 0.99% | |
| Quicken Loans | 0.02% | 10.60% | |
| Fifth Third Bank | 0.03% | 4.97% | |
| FBC Mortgage | 0.04% | 7.95% | |
| Sierra Pacific Mortgage | 0.22% | 7.62% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.01% | 77.97% | |
| South Central Bank | 0.02% | 1.69% | |
| FBC Mortgage | 0.02% | 3.39% | |
| Evansville Teachers Federal Credit Union | 0.02% | 6.78% | |
| Fifth Third Bank | 0.03% | 5.08% | |
| US Bank | 0.07% | 5.08% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Evansville Teachers Federal Credit Union | -0.01% | 50.00% | |
| South Central Bank | 0.01% | 25.00% | |
| US Bank | 0.01% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Evansville Teachers Federal Credit Union | -0.01% | 50.00% | |
| South Central Bank | 0.01% | 25.00% | |
| US Bank | 0.01% | 25.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.02% | 7.50% | |
| FBC Mortgage | -0.01% | 17.50% | |
| Old National Bank | -0.01% | 2.50% | |
| German American Bank | -0.01% | 2.50% | |
| Evansville Teachers Federal Credit Union | -0.00% | 31.25% | |
| Truist Bank | -0.00% | 2.50% | |
| Fifth Third Bank | 0.00% | 5.00% | |
| Ruoff Mortgage | 0.00% | 7.50% | |
| Sierra Pacific Mortgage | 0.01% | 5.00% | |
| Quicken Loans | 0.02% | 18.75% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.02% | 9.38% | |
| FBC Mortgage | -0.01% | 21.88% | |
| German American Bank | -0.01% | 3.12% | |
| Truist Bank | -0.00% | 3.12% | |
| Evansville Teachers Federal Credit Union | -0.00% | 34.38% | |
| Fifth Third Bank | 0.00% | 3.12% | |
| Ruoff Mortgage | 0.00% | 7.81% | |
| Sierra Pacific Mortgage | 0.01% | 6.25% | |
| Quicken Loans | 0.05% | 10.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Evansville Teachers Federal Credit Union | -0.02% | 18.75% | |
| Old National Bank | -0.00% | 12.50% | |
| Ruoff Mortgage | 0.00% | 6.25% | |
| Quicken Loans | 0.00% | 50.00% | |
| Fifth Third Bank | 0.01% | 12.50% |
* Data is compiled for the Owensboro, KY commuting zone area, which comprises of counties of Daviess County, KY, Hancock County, KY, McLean County, KY, Muhlenberg County, KY, and Ohio County, KY. This includes cities/towns/communities of Owensboro, KY as well as Masonville, KY, Powderly, KY, Whitesville, KY, Beaver Dam, KY, Central City, KY, Hartford, KY, Calhoun, KY, Greenville, KY, Maceo, KY, Lewisport, KY, Livermore, KY, Bremen, KY, Dunmor, KY, Hawesville, KY, Fordsville, KY, Sacramento, KY, Beechmont, KY, Rosine, KY, Centertown, KY, and McHenry, KY. 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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