Which mortgage lender in the Valparaiso, 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 Valparaiso, 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 Valparaiso, IN area in terms of interest rate is Gold Star Mortgage Financial Group, with an average “Rate Difference” of -0.25%. This means that, comparing similar borrowers, Gold Star Mortgage Financial Group provided a -0.25% lower interest rate for its customers than other lenders in the area. Gold Star Mortgage Financial Group has a market share of 2.3%. On the other hand, the most popular lender in the Valparaiso, IN area is Quicken Loans, with a larger market share of 9.0%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.07% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Valparaiso, 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 Valparaiso, IN is Bank of America. 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 Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Gold Star Mortgage Financial Group. 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 Valparaiso, IN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 4.27% | |
| Bank of America | -0.02% | 2.56% | |
| Guaranteed Rate | -0.02% | 6.84% | |
| Fifth Third Bank | -0.02% | 5.98% | |
| US Bank | -0.01% | 2.56% | |
| First Midwest Bank | -0.01% | 2.56% | |
| JPMorgan Chase Bank | -0.01% | 12.82% | |
| 1st Source Bank | -0.01% | 6.84% | |
| Flagstar Bank | -0.01% | 0.85% | |
| First Financial Bank | -0.01% | 0.85% | |
| PNC Bank | -0.00% | 1.71% | |
| Stearns Home Loans | -0.00% | 0.85% | |
| Draper and Kramer Mortgage Corp | -0.00% | 0.85% | |
| Farm Credit Mid-America | -0.00% | 2.56% | |
| Diamond Residential Mortgage | -0.00% | 0.85% | |
| Huntington National Bank | -0.00% | 2.56% | |
| Quicken Loans | -0.00% | 2.56% | |
| First Merchants Bank | -0.00% | 0.85% | |
| Peoples Bank Indiana and Chicagoland | 0.01% | 17.95% | |
| Bank of England AR | 0.01% | 0.85% | |
| GVC Mortgage | 0.01% | 0.85% | |
| Caliber Home Loans | 0.01% | 1.71% | |
| Centier Bank | 0.02% | 9.40% | |
| Midwest Equity Mortgage | 0.03% | 0.85% | |
| Horicon Bank IN | 0.03% | 9.40% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 6.56% | |
| JPMorgan Chase Bank | -0.02% | 14.75% | |
| Fifth Third Bank | -0.02% | 4.92% | |
| Bank of America | -0.02% | 4.92% | |
| US Bank | -0.01% | 3.28% | |
| 1st Source Bank | -0.01% | 1.64% | |
| Flagstar Bank | -0.01% | 1.64% | |
| Guaranteed Rate | -0.00% | 6.56% | |
| Centier Bank | -0.00% | 1.64% | |
| Stearns Home Loans | -0.00% | 1.64% | |
| Farm Credit Mid-America | 0.00% | 3.28% | |
| First Midwest Bank | 0.00% | 1.64% | |
| Diamond Residential Mortgage | 0.00% | 1.64% | |
| Horicon Bank IN | 0.00% | 6.56% | |
| First Merchants Bank | 0.00% | 1.64% | |
| Quicken Loans | 0.01% | 3.28% | |
| Bank of England AR | 0.01% | 1.64% | |
| Huntington National Bank | 0.01% | 1.64% | |
| GVC Mortgage | 0.01% | 1.64% | |
| Peoples Bank Indiana and Chicagoland | 0.02% | 24.59% | |
| Caliber Home Loans | 0.02% | 3.28% | |
| Midwest Equity Mortgage | 0.03% | 1.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guaranteed Rate | -0.03% | 7.14% | |
| First Midwest Bank | -0.02% | 3.57% | |
| Wells Fargo Bank | -0.02% | 1.79% | |
| Fifth Third Bank | -0.02% | 7.14% | |
| US Bank | -0.02% | 1.79% | |
| Quicken Loans | -0.02% | 1.79% | |
| 1st Source Bank | -0.01% | 12.50% | |
| First Financial Bank | -0.01% | 1.79% | |
| Huntington National Bank | -0.01% | 3.57% | |
| Farm Credit Mid-America | -0.01% | 1.79% | |
| PNC Bank | -0.01% | 3.57% | |
| Draper and Kramer Mortgage Corp | -0.01% | 1.79% | |
| Peoples Bank Indiana and Chicagoland | -0.00% | 10.71% | |
| JPMorgan Chase Bank | 0.00% | 10.71% | |
| Centier Bank | 0.02% | 17.86% | |
| Horicon Bank IN | 0.05% | 12.50% |
* Data is compiled for the Valparaiso, IN commuting zone area, which comprises of counties of Jasper County, IN, Lake County, IN, La Porte County, IN, Newton County, IN, Porter County, IN, and Pulaski County, IN. This includes cities/towns/communities of Valparaiso, IN as well as Crown Point, IN, Hammond, IN, Cedar Lake, IN, Portage, IN, Hobart, IN, Merrillville, IN, La Porte, IN, Michigan City, IN, Schererville, IN, Chesterton, IN, Munster, IN, Griffith, IN, Highland, IN, St. John, IN, Winfield, IN, Dyer, IN, Gary, IN, Schneider, IN, Lowell, IN, Town of Pines, IN, Porter, IN, Lakes of the Four Seasons, IN, Shorewood Forest, IN, South Haven, IN, Shelby, IN, De Motte, IN, Wanatah, IN, Lake Village, IN, Westville, IN, East Chicago, IN, Hebron, IN, Lake Station, IN, Kouts, IN, Wheeler, IN, Kingsbury, IN, Fish Lake, IN, Wheatfield, IN, Rensselaer, IN, Winamac, IN, Whiting, IN, Collegeville, IN, Roselawn, IN, Medaryville, IN, Brook, IN, Francesville, IN, Kentland, IN, Ogden Dunes, IN, Star City, IN, and Roselawn, 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
This page contains information about the top mortgage lenders in the Valparaiso, IN area. For mortgage lender rankings in other cities, click here.