Which mortgage lender in the Fort Wayne, 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 Fort Wayne, IN 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 Fort Wayne, IN area in terms of interest rate is Union Savings Bank, with an average “Rate Difference” of -0.28%. This means that, comparing similar borrowers, Union Savings Bank provided a -0.28% lower interest rate for its customers than other lenders in the area. Union Savings Bank has a market share of 4.8%. On the other hand, the most popular lender in the Fort Wayne, IN area is Ruoff Mortgage, with a larger market share of 21.2%. Ruoff Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.04% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Fort Wayne, 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, going by historical data, the cheapest lender for Conventional mortgages in Fort Wayne, IN is Union Savings 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 Fifth Third Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Union Savings 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 Fort Wayne, IN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.21% | 3.04% | |
| First Merchants Bank | -0.16% | 0.84% | |
| Huntington National Bank | -0.15% | 0.91% | |
| Fifth Third Bank | -0.15% | 2.51% | |
| VanDyk Mortgage Corporation | -0.14% | 3.95% | |
| Premier Bank | -0.13% | 0.30% | |
| PNC Bank | -0.11% | 0.30% | |
| 1st Source Bank | -0.10% | 0.76% | |
| American Mortgage Service Company | -0.08% | 2.97% | |
| Freedom Mortgage Corporation | -0.08% | 0.53% | |
| Quicken Loans | -0.06% | 6.08% | |
| Guaranteed Rate | -0.06% | 5.32% | |
| Horicon Bank IN | -0.05% | 0.30% | |
| Old National Bank | -0.05% | 0.08% | |
| State Bank and Trust Company | -0.05% | 0.08% | |
| Liberty Savings Bank | -0.04% | 0.08% | |
| 3Rivers Federal Credit Union | -0.04% | 0.30% | |
| V.I.P. Mortgage Inc | -0.02% | 2.59% | |
| Centier Bank | -0.02% | 0.15% | |
| Ruoff Mortgage | -0.02% | 37.57% | |
| Carrington Mortgage Services | -0.02% | 0.46% | |
| loanDepot | -0.02% | 0.46% | |
| Mr. Cooper | -0.01% | 0.76% | |
| Polaris Home Funding Corp | 0.00% | 1.90% | |
| Royal United Mortgage | 0.01% | 0.30% | |
| Caliber Home Loans | 0.02% | 4.03% | |
| Academy Mortgage Corporation Utah | 0.04% | 3.57% | |
| Flagstar Bank | 0.05% | 1.67% | |
| Diamond Residential Mortgage | 0.10% | 3.95% | |
| Union Home Mortgage | 0.22% | 4.11% | |
| Hallmark Home Mortgage | 0.22% | 10.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.07% | 2.46% | |
| Quicken Loans | -0.06% | 41.39% | |
| Guaranteed Rate | -0.05% | 1.43% | |
| NewRez | -0.04% | 1.64% | |
| Fifth Third Bank | -0.02% | 1.02% | |
| 1st Source Bank | -0.02% | 0.41% | |
| Huntington National Bank | -0.02% | 0.82% | |
| Academy Mortgage Corporation Utah | -0.02% | 0.82% | |
| PNC Bank | -0.01% | 0.20% | |
| Liberty Savings Bank | -0.01% | 0.20% | |
| American Mortgage Service Company | -0.00% | 1.23% | |
| Union Home Mortgage | 0.00% | 0.61% | |
| Carrington Mortgage Services | 0.00% | 6.97% | |
| 3Rivers Federal Credit Union | 0.01% | 0.20% | |
| V.I.P. Mortgage Inc | 0.01% | 0.20% | |
| Polaris Home Funding Corp | 0.01% | 3.48% | |
| Flagstar Bank | 0.01% | 1.02% | |
| Royal United Mortgage | 0.01% | 0.82% | |
| VanDyk Mortgage Corporation | 0.01% | 1.84% | |
| Diamond Residential Mortgage | 0.02% | 0.41% | |
| Caliber Home Loans | 0.04% | 6.56% | |
| Freedom Mortgage Corporation | 0.06% | 3.48% | |
| JPMorgan Chase Bank | 0.06% | 0.41% | |
| Hallmark Home Mortgage | 0.06% | 1.43% | |
| loanDepot | 0.07% | 4.51% | |
| Mr. Cooper | 0.11% | 6.56% | |
| Ruoff Mortgage | 0.12% | 9.84% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.02% | 20.27% | |
| Quicken Loans | -0.01% | 2.70% | |
| Old National Bank | -0.00% | 14.86% | |
| Centier Bank | 0.00% | 1.35% | |
| ProFed Federal Credit Union | 0.00% | 1.35% | |
| 3Rivers Federal Credit Union | 0.00% | 13.51% | |
| STAR Financial Bank | 0.00% | 9.46% | |
| Ruoff Mortgage | 0.01% | 1.35% | |
| Wells Fargo Bank | 0.01% | 2.70% | |
| PNC Bank | 0.01% | 1.35% | |
| Hallmark Home Mortgage | 0.01% | 2.70% | |
| State Bank and Trust Company | 0.01% | 1.35% | |
| Huntington National Bank | 0.01% | 5.41% | |
| Farm Credit Mid-America | 0.01% | 4.05% | |
| 1st Source Bank | 0.01% | 5.41% | |
| Horicon Bank IN | 0.01% | 4.05% | |
| JPMorgan Chase Bank | 0.02% | 8.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.03% | 24.44% | |
| 3Rivers Federal Credit Union | -0.01% | 8.89% | |
| Quicken Loans | -0.00% | 4.44% | |
| Old National Bank | 0.00% | 15.56% | |
| Hallmark Home Mortgage | 0.00% | 2.22% | |
| Ruoff Mortgage | 0.01% | 2.22% | |
| STAR Financial Bank | 0.01% | 6.67% | |
| State Bank and Trust Company | 0.01% | 2.22% | |
| Wells Fargo Bank | 0.01% | 2.22% | |
| Farm Credit Mid-America | 0.01% | 2.22% | |
| Huntington National Bank | 0.01% | 6.67% | |
| 1st Source Bank | 0.02% | 6.67% | |
| Horicon Bank IN | 0.02% | 2.22% | |
| JPMorgan Chase Bank | 0.02% | 13.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Fifth Third Bank | -0.01% | 13.79% | |
| Old National Bank | -0.01% | 13.79% | |
| STAR Financial Bank | -0.00% | 13.79% | |
| Centier Bank | -0.00% | 3.45% | |
| ProFed Federal Credit Union | -0.00% | 3.45% | |
| Wells Fargo Bank | 0.00% | 3.45% | |
| PNC Bank | 0.00% | 3.45% | |
| Huntington National Bank | 0.00% | 3.45% | |
| 1st Source Bank | 0.00% | 3.45% | |
| 3Rivers Federal Credit Union | 0.01% | 20.69% | |
| Hallmark Home Mortgage | 0.01% | 3.45% | |
| Horicon Bank IN | 0.01% | 6.90% | |
| Farm Credit Mid-America | 0.01% | 6.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.20% | 5.31% | |
| USAA | -0.11% | 8.75% | |
| Caliber Home Loans | -0.10% | 4.51% | |
| Union Savings Bank | -0.09% | 1.59% | |
| First Merchants Bank | -0.09% | 1.86% | |
| PNC Bank | -0.06% | 0.80% | |
| American Mortgage Service Company | -0.05% | 2.92% | |
| VanDyk Mortgage Corporation | -0.05% | 1.06% | |
| Wells Fargo Bank | -0.04% | 1.06% | |
| Fifth Third Bank | -0.04% | 1.59% | |
| NewRez | -0.04% | 0.27% | |
| Horicon Bank IN | -0.04% | 0.27% | |
| State Bank and Trust Company | -0.04% | 0.53% | |
| 1st Source Bank | -0.03% | 0.53% | |
| Freedom Mortgage Corporation | -0.03% | 0.27% | |
| Old National Bank | -0.03% | 0.27% | |
| Guaranteed Rate | -0.03% | 7.43% | |
| Royal United Mortgage | -0.02% | 0.53% | |
| 3Rivers Federal Credit Union | -0.02% | 0.27% | |
| Quicken Loans | -0.02% | 3.71% | |
| Huntington National Bank | -0.02% | 0.27% | |
| Flagstar Bank | -0.01% | 0.80% | |
| V.I.P. Mortgage Inc | -0.01% | 2.92% | |
| JPMorgan Chase Bank | -0.01% | 0.80% | |
| Diamond Residential Mortgage | -0.01% | 1.59% | |
| Polaris Home Funding Corp | -0.00% | 1.33% | |
| Mr. Cooper | -0.00% | 0.53% | |
| Academy Mortgage Corporation Utah | 0.00% | 1.86% | |
| Ruoff Mortgage | 0.03% | 27.06% | |
| Hallmark Home Mortgage | 0.09% | 10.08% | |
| Union Home Mortgage | 0.19% | 9.28% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Ruoff Mortgage | -0.09% | 14.48% | |
| Guaranteed Rate | -0.08% | 6.90% | |
| loanDepot | -0.07% | 9.66% | |
| Caliber Home Loans | -0.07% | 6.90% | |
| Navy Federal Credit Union | -0.05% | 1.38% | |
| Hallmark Home Mortgage | -0.02% | 2.76% | |
| Union Savings Bank | -0.02% | 2.07% | |
| Academy Mortgage Corporation Utah | -0.02% | 1.72% | |
| USAA | -0.02% | 4.48% | |
| American Mortgage Service Company | -0.01% | 2.76% | |
| Old National Bank | -0.01% | 0.69% | |
| PNC Bank | -0.01% | 1.03% | |
| Polaris Home Funding Corp | -0.00% | 0.69% | |
| VanDyk Mortgage Corporation | -0.00% | 2.41% | |
| First Merchants Bank | 0.00% | 0.34% | |
| Huntington National Bank | 0.00% | 0.34% | |
| Royal United Mortgage | 0.00% | 0.34% | |
| Fifth Third Bank | 0.01% | 0.34% | |
| Diamond Residential Mortgage | 0.01% | 1.03% | |
| NewRez | 0.02% | 0.34% | |
| Carrington Mortgage Services | 0.03% | 3.45% | |
| Wells Fargo Bank | 0.03% | 0.34% | |
| Union Home Mortgage | 0.03% | 2.07% | |
| Flagstar Bank | 0.06% | 4.48% | |
| Freedom Mortgage Corporation | 0.10% | 4.48% | |
| Mr. Cooper | 0.10% | 2.76% | |
| Quicken Loans | 0.10% | 21.72% |
* Data is compiled for the Fort Wayne, IN commuting zone area, which comprises of counties of Allen County, IN, De Kalb County, IN, Huntington County, IN, Lagrange County, IN, Noble County, IN, Steuben County, IN, Wells County, IN, and Whitley County, IN. This includes cities/towns/communities of Fort Wayne, IN as well as Huntertown, IN, New Haven, IN, Auburn, IN, Leo-Cedarville, IN, Huntington, IN, Columbia City, IN, Tri-Lakes, IN, Kendallville, IN, Roanoke, IN, Bluffton, IN, Angola, IN, Zanesville, IN, Shipshewana, IN, Avilla, IN, Mount Etna, IN, Ossian, IN, Ligonier, IN, Hudson, IN, Howe, IN, Vera Cruz, IN, Larwill, IN, Hoagland, IN, Orland, IN, Cromwell, IN, Wolcottville, IN, Corunna, IN, Zanesville, IN, Lagrange, IN, St. Joe, IN, Harlan, IN, Clear Lake, IN, Butler, IN, Ashley, IN, Wolcottville, IN, Albion, IN, Poneto, IN, Garrett, IN, Topeka, IN, and Monroeville, 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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