Which mortgage lender in the Columbus, 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 Columbus, 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 Columbus, IN area in terms of interest rate is Union Savings Bank, with an average “Rate Difference” of -0.16%. This means that, comparing similar borrowers, Union Savings Bank provided a -0.16% lower interest rate for its customers than other lenders in the area. Union Savings Bank has a market share of 8.4%. On the other hand, the most popular lender in the Columbus, IN area is Ruoff Mortgage, with a larger market share of 14.8%. Ruoff Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.03% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Columbus, 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 Columbus, 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 Old National Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is First Financial Bank. The cheapest VA mortgage provider is also First Financial 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 Columbus, IN
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.16% | 8.44% | |
| Centra Credit Union | -0.09% | 13.05% | |
| Old National Bank | -0.06% | 5.58% | |
| Ruoff Mortgage | -0.03% | 14.85% | |
| First Financial Bank | -0.02% | 8.62% | |
| German American Bank | -0.01% | 7.88% | |
| Horicon Bank IN | 0.00% | 1.48% | |
| Fifth Third Bank | 0.02% | 4.15% | |
| loanDepot | 0.06% | 1.57% | |
| PNC Bank | 0.07% | 3.37% | |
| Fairway Independent Mortgage Corporation | 0.08% | 1.43% | |
| PrimeLending | 0.08% | 1.89% | |
| Quicken Loans | 0.09% | 9.54% | |
| Integrity Mortgage Group | 0.09% | 6.59% | |
| GVC Mortgage | 0.10% | 5.07% | |
| Hallmark Home Mortgage | 0.13% | 6.50% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.14% | 5.72% | |
| German American Bank | -0.08% | 8.19% | |
| Old National Bank | -0.07% | 3.58% | |
| Centra Credit Union | -0.05% | 11.53% | |
| Ruoff Mortgage | -0.05% | 19.08% | |
| PNC Bank | -0.03% | 2.23% | |
| Fifth Third Bank | -0.02% | 3.34% | |
| First Financial Bank | -0.01% | 7.95% | |
| Horicon Bank IN | -0.01% | 1.59% | |
| Quicken Loans | 0.01% | 4.61% | |
| loanDepot | 0.05% | 0.64% | |
| PrimeLending | 0.07% | 3.02% | |
| Fairway Independent Mortgage Corporation | 0.09% | 1.99% | |
| Integrity Mortgage Group | 0.09% | 9.62% | |
| GVC Mortgage | 0.10% | 7.79% | |
| Hallmark Home Mortgage | 0.14% | 9.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.16% | 12.18% | |
| Centra Credit Union | -0.13% | 15.15% | |
| Old National Bank | -0.05% | 8.34% | |
| First Financial Bank | -0.02% | 9.55% | |
| Fairway Independent Mortgage Corporation | 0.01% | 0.66% | |
| Ruoff Mortgage | 0.01% | 9.00% | |
| Horicon Bank IN | 0.02% | 1.32% | |
| PrimeLending | 0.04% | 0.33% | |
| GVC Mortgage | 0.06% | 1.32% | |
| Fifth Third Bank | 0.06% | 5.27% | |
| Hallmark Home Mortgage | 0.06% | 2.85% | |
| loanDepot | 0.07% | 2.85% | |
| German American Bank | 0.08% | 7.46% | |
| Integrity Mortgage Group | 0.09% | 2.41% | |
| Quicken Loans | 0.13% | 16.36% | |
| PNC Bank | 0.13% | 4.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.15% | 10.83% | |
| Centra Credit Union | -0.09% | 16.97% | |
| Old National Bank | -0.06% | 6.87% | |
| Ruoff Mortgage | -0.04% | 13.81% | |
| German American Bank | -0.00% | 9.98% | |
| First Financial Bank | 0.01% | 9.61% | |
| Horicon Bank IN | 0.01% | 1.64% | |
| Fifth Third Bank | 0.03% | 5.05% | |
| loanDepot | 0.07% | 0.97% | |
| PNC Bank | 0.08% | 4.14% | |
| Fairway Independent Mortgage Corporation | 0.09% | 0.61% | |
| PrimeLending | 0.10% | 1.22% | |
| Integrity Mortgage Group | 0.11% | 2.92% | |
| GVC Mortgage | 0.17% | 3.10% | |
| Hallmark Home Mortgage | 0.19% | 5.78% | |
| Quicken Loans | 0.21% | 6.51% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.14% | 7.69% | |
| German American Bank | -0.07% | 10.97% | |
| Ruoff Mortgage | -0.07% | 17.53% | |
| Old National Bank | -0.06% | 4.86% | |
| Centra Credit Union | -0.04% | 16.29% | |
| PNC Bank | -0.02% | 2.94% | |
| Fifth Third Bank | -0.01% | 4.07% | |
| Horicon Bank IN | 0.00% | 1.92% | |
| First Financial Bank | 0.03% | 8.71% | |
| loanDepot | 0.04% | 0.23% | |
| Quicken Loans | 0.07% | 3.28% | |
| Fairway Independent Mortgage Corporation | 0.09% | 1.02% | |
| PrimeLending | 0.11% | 1.92% | |
| Integrity Mortgage Group | 0.11% | 4.41% | |
| GVC Mortgage | 0.18% | 5.09% | |
| Hallmark Home Mortgage | 0.20% | 9.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Union Savings Bank | -0.16% | 14.47% | |
| Centra Credit Union | -0.13% | 17.76% | |
| Old National Bank | -0.05% | 9.21% | |
| First Financial Bank | -0.02% | 10.66% | |
| Ruoff Mortgage | 0.01% | 9.47% | |
| Horicon Bank IN | 0.02% | 1.32% | |
| Fairway Independent Mortgage Corporation | 0.04% | 0.13% | |
| Integrity Mortgage Group | 0.04% | 1.18% | |
| PrimeLending | 0.05% | 0.39% | |
| Fifth Third Bank | 0.07% | 6.18% | |
| GVC Mortgage | 0.07% | 0.79% | |
| loanDepot | 0.08% | 1.84% | |
| German American Bank | 0.09% | 8.82% | |
| Hallmark Home Mortgage | 0.10% | 1.97% | |
| PNC Bank | 0.15% | 5.53% | |
| Quicken Loans | 0.27% | 10.26% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Financial Bank | -0.16% | 4.98% | |
| German American Bank | -0.09% | 1.66% | |
| Quicken Loans | -0.06% | 20.38% | |
| Fifth Third Bank | -0.03% | 1.42% | |
| Union Savings Bank | -0.02% | 0.95% | |
| Old National Bank | -0.01% | 0.47% | |
| Horicon Bank IN | -0.01% | 0.71% | |
| PNC Bank | -0.00% | 0.71% | |
| Ruoff Mortgage | -0.00% | 18.25% | |
| Hallmark Home Mortgage | 0.01% | 7.35% | |
| GVC Mortgage | 0.02% | 13.03% | |
| PrimeLending | 0.03% | 3.79% | |
| loanDepot | 0.05% | 2.13% | |
| Fairway Independent Mortgage Corporation | 0.05% | 4.50% | |
| Integrity Mortgage Group | 0.07% | 19.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Financial Bank | -0.18% | 5.99% | |
| German American Bank | -0.11% | 1.89% | |
| Quicken Loans | -0.07% | 8.20% | |
| Fifth Third Bank | -0.03% | 1.89% | |
| Union Savings Bank | -0.03% | 1.26% | |
| PNC Bank | -0.03% | 0.32% | |
| Horicon Bank IN | -0.02% | 0.63% | |
| Old National Bank | -0.01% | 0.63% | |
| Ruoff Mortgage | -0.01% | 21.45% | |
| Hallmark Home Mortgage | 0.01% | 8.20% | |
| GVC Mortgage | 0.02% | 15.77% | |
| PrimeLending | 0.03% | 5.05% | |
| loanDepot | 0.04% | 1.26% | |
| Integrity Mortgage Group | 0.06% | 22.40% | |
| Fairway Independent Mortgage Corporation | 0.06% | 5.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.04% | 57.14% | |
| Fairway Independent Mortgage Corporation | -0.03% | 2.86% | |
| First Financial Bank | 0.00% | 1.90% | |
| Hallmark Home Mortgage | 0.01% | 4.76% | |
| Horicon Bank IN | 0.02% | 0.95% | |
| PNC Bank | 0.02% | 1.90% | |
| GVC Mortgage | 0.02% | 4.76% | |
| German American Bank | 0.03% | 0.95% | |
| loanDepot | 0.07% | 4.76% | |
| Ruoff Mortgage | 0.08% | 8.57% | |
| Integrity Mortgage Group | 0.11% | 11.43% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.01% | 37.50% | |
| First Financial Bank | 0.00% | 12.50% | |
| Centra Credit Union | 0.00% | 25.00% | |
| Ruoff Mortgage | 0.01% | 6.25% | |
| Hallmark Home Mortgage | 0.01% | 6.25% | |
| Horicon Bank IN | 0.01% | 6.25% | |
| Fifth Third Bank | 0.01% | 6.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Centra Credit Union | 0.00% | 100.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Old National Bank | -0.01% | 40.00% | |
| Centra Credit Union | 0.00% | 20.00% | |
| First Financial Bank | 0.00% | 13.33% | |
| Ruoff Mortgage | 0.01% | 6.67% | |
| Hallmark Home Mortgage | 0.01% | 6.67% | |
| Horicon Bank IN | 0.01% | 6.67% | |
| Fifth Third Bank | 0.01% | 6.67% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Financial Bank | -0.05% | 6.90% | |
| Union Savings Bank | -0.03% | 1.15% | |
| Horicon Bank IN | -0.02% | 1.15% | |
| Hallmark Home Mortgage | -0.02% | 16.09% | |
| Fairway Independent Mortgage Corporation | -0.02% | 2.30% | |
| PNC Bank | -0.01% | 2.30% | |
| Ruoff Mortgage | -0.01% | 19.54% | |
| Quicken Loans | 0.00% | 16.09% | |
| loanDepot | 0.00% | 10.34% | |
| PrimeLending | 0.02% | 5.75% | |
| GVC Mortgage | 0.03% | 4.60% | |
| Integrity Mortgage Group | 0.04% | 13.79% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Financial Bank | -0.07% | 7.14% | |
| PNC Bank | -0.03% | 1.79% | |
| Horicon Bank IN | -0.02% | 1.79% | |
| Ruoff Mortgage | -0.01% | 30.36% | |
| Hallmark Home Mortgage | -0.01% | 16.07% | |
| Quicken Loans | -0.00% | 5.36% | |
| PrimeLending | 0.01% | 8.93% | |
| GVC Mortgage | 0.03% | 5.36% | |
| Integrity Mortgage Group | 0.04% | 19.64% | |
| loanDepot | 0.04% | 3.57% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Hallmark Home Mortgage | -0.03% | 16.13% | |
| Union Savings Bank | -0.02% | 3.23% | |
| First Financial Bank | -0.01% | 6.45% | |
| Fairway Independent Mortgage Corporation | -0.00% | 6.45% | |
| loanDepot | 0.00% | 22.58% | |
| PNC Bank | 0.01% | 3.23% | |
| Quicken Loans | 0.01% | 35.48% | |
| Integrity Mortgage Group | 0.01% | 3.23% | |
| GVC Mortgage | 0.03% | 3.23% |
* Data is compiled for the Columbus, IN commuting zone area, which comprises of counties of Bartholomew County, IN, Jackson County, IN, Jennings County, IN, and Scott County, IN. This includes cities/towns/communities of Columbus, IN as well as Seymour, IN, Scottsburg, IN, Taylorsville, IN, North Vernon, IN, Hartsville, IN, Hayden, IN, Scipio, IN, Freetown, IN, Brownstown, IN, Crothersville, IN, Medora, IN, and Austin, 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 Columbus, IN area. For mortgage lender rankings in other cities, click here.