Which mortgage lender in the Cincinnati, 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 Cincinnati, 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 Cincinnati, OH area in terms of interest rate is Third Federal Savings & Loan, with an average “Rate Difference” of -0.31%. This means that, comparing similar borrowers, Third Federal Savings & Loan provided a -0.31% lower interest rate for its customers than other lenders in the area. Third Federal Savings & Loan has a market share of 2.2%. On the other hand, the most popular lender in the Cincinnati, OH area is Union Savings Bank, with a larger market share of 10.7%. Union Savings Bank is also a relatively cheap lender, with a “Rate Difference” of -0.22% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Cincinnati, 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 Cincinnati, OH is Third Federal Savings & Loan. 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 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 Cincinnati, OH
|Lender Name||Rate Difference||Rate Rating||Market Share|
|Fifth Third Bank||-0.07%||15.26%|
|Huntington National Bank||-0.05%||14.74%|
|Wells Fargo Bank||-0.02%||2.11%|
|General Electric Credit Union||-0.00%||6.32%|
|Cinfed Federal Credit Union||0.00%||0.53%|
|Farm Credit Mid-America||0.00%||1.58%|
|Caliber Home Loans||0.01%||0.53%|
|Wright-Patt Credit Union Inc||0.01%||0.53%|
|Bank of America||0.01%||2.63%|
|LCNB National Bank||0.01%||0.53%|
|American Mortgage Service Company||0.02%||1.58%|
|JPMorgan Chase Bank||0.02%||2.11%|
|First Financial Bank||0.02%||6.84%|
|Sibcy Cline Mortgage Services||0.03%||0.53%|
|Peoples Bank OH WY KY||0.03%||1.05%|
* Data is compiled for the Cincinnati, OH commuting zone area, which comprises of counties of Boone County, KY, Bracken County, KY, Campbell County, KY, Gallatin County, KY, Grant County, KY, Kenton County, KY, Pendleton County, KY, Adams County, OH, Brown County, OH, Butler County, OH, Clermont County, OH, Hamilton County, OH, and Warren County, OH. This includes cities/towns/communities of Cincinnati, OH as well as Hamilton, OH, Mason, OH, Florence, KY, South Lebanon, OH, Springboro, OH, Independence, KY, Fairfield, OH, Covington, KY, Lebanon, OH, Monroe, OH, Middletown, OH, Amelia, OH, Montgomery, OH, Fort Wright, KY, Beckett Ridge, OH, Batavia, OH, Union, KY, Norwood, OH, Burlington, KY, Fort Thomas, KY, Francisville, KY, Loveland, OH, Alexandria, KY, Franklin, OH, Blue Ash, OH, Villa Hills, KY, Oakbrook, KY, Withamsville, OH, Mack, OH, Dent, OH, Madeira, OH, Monfort Heights, OH, White Oak, OH, Trenton, OH, Claryville, KY, Erlanger, KY, Finneytown, OH, Turpin Hills, OH, Harrison, OH, Forest Park, OH, Mount Repose, OH, Landen, OH, Williamstown, KY, Walton, KY, Mount Carmel, OH, Hunter, OH, Wyoming, OH, Miamitown, OH, Mount Orab, OH, and The Village of Indian Hill, 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 Cincinnati, OH area. For mortgage lender rankings in other cities, click here.