8 Best Indiana Mortgage Lenders of 2021
Looking to get a mortgage in Indiana? These are among the best mortgage lenders in Indiana for first-time home buyers and borrowers with low credit scores. Others rank high for online mortgages, refinancing and face-to-face lending.
Last updated on January 22, 2021
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Whether you're looking for a home in South Bend or Kokomo, mortgage shopping requires research. NerdWallet has done the groundwork to help you make the right decision.
Here are some of the top lenders and the areas they excel in, such as working with first-time home buyers, helping borrowers with lower credit scores, offering the convenience of online lending and providing face-to-face support.
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Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
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Why trust NerdWallet
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
8 Best Indiana Mortgage Lenders of 2021
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | Min. down payment ▾ ▾ | Learn more |
|---|---|---|---|---|
580 | N/A | See Offers at New American Funding | ||
620 | 1% | See Offers at Rocket Mortgage, LLC | ||
580 | 3% | See Offers at Rate | ||
 Fairway Independent Mortgage: NMLS#2289 See Offers at Fairway Independent Mortgage | 620 | 3% | See Offers at Fairway Independent Mortgage | |
 SoFi: NMLS#696891 Compare More Lenders on NerdWallet | 620 | 3% | Compare More Lenders on NerdWallet | |
 SunTrust (Truist): NMLS#2915 Compare More Lenders on NerdWallet | 620 | 3% | Compare More Lenders on NerdWallet | |
 Caliber: NMLS#15622 Compare More Lenders on NerdWallet | 580 | 0% | Compare More Lenders on NerdWallet | |
 Chase: NMLS#399798 Compare More Lenders on NerdWallet | 620 | 3% | Compare More Lenders on NerdWallet |
New American Funding: Best for lower credit scores
Min. credit score
580
Min. down payment
N/A
Learn more
on New American Funding's website
- Why we like itNew American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.Pros
- Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
- Its home equity line of credit can be used for a primary residence or second home.
ConsRead full review- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
Rocket Mortgage, LLC: Best for online experience
Min. credit score
620
Min. down payment
1%
Learn more
on Rocket Mortgage, LLC's website
- Why we like itRocket Mortgage is the largest mortgage lender by volume, standing out for its range of affordable borrowing options, down payment assistance and closing cost credits.Pros
- Reported average time to close is 15 days faster than industry average.
- FHA and VA loans make up 40% of Rocket Mortgage’s total loan volume.
- Borrowers can apply via mobile app.
ConsRead full review- Origination fees are on the higher end, according to the latest federal data.
- No construction or renovation loans.
- Physical branches are only available in Detroit, Cleveland, and Phoenix.
Rate: Best for refinancing
Min. credit score
580
National / regional
National
Learn more
on Rate's website
- Why we like itRate has a wide variety of refinance loan options and a streamlined application process, though refinance origination fees are on the high side.Pros
- Excellent variety of refinance mortgage types.
- Easy to shop for rates on the lender's website.
- Fully underwritten mortgage approval in as little as one day for qualified borrowers.
ConsRead full review- Origination fees for refinances are on the high side, according to the latest federal data.
Fairway Independent Mortgage: Best for face-to-face support
Min. credit score
620
Min. down payment
3%
Learn more
on Fairway Independent Mortgage's website
- Why we like itFairway Independent Mortgage Corporation has many brick-and-mortar branches and a reputation for top-notch customer service, but it was recently penalized for redlining.Pros
- Loan options include government-backed mortgages and physician loans.
- Offers first-time home buyer grants to buyers in eligible locations.
- Highest scoring mortgage lender for customer satisfaction, according to J.D. Power.
ConsRead full review- Mortgage rates aren't posted online.
- Online customer service requires contact information and phone is for existing customers only.
- Home equity loans and HELOCs are not available.
- Has been penalized for redlining.
SoFi: Best for first-time home buyers
Min. credit score
620
Min. down payment
3%
Compare More Lenders
on NerdWallet
- Why we like itSoFi offers standard purchase and refinance mortgage options, but not construction or renovation loans, and stands out for its convenient one-stop-shopping setup.Pros
- Offers a credit up to $10,000 if closing exceeds the contract date and the lender is at fault.
- Sample mortgage rates are highly customizable.
- HELOC borrowers may access up to 90% of their home equity.
ConsRead full review- Borrowers may experience difficulty with customer service.
SunTrust (Truist): Best for refinancing
Min. credit score
620
National / regional
National
Compare More Lenders
on NerdWallet
- Why we like itGood for: borrowers seeking rate-and-term, cash-out or VA IRRRL refinancing.Pros
- Offers a wide variety of loan options, including special programs for doctors.
- Offers a complete suite of online mortgage application tools and loan tracking.
- Sample rates and fees are easy to find on the website.
ConsRead full review- Customized rates aren't available online without starting an application.
- Branches are limited mostly to the Southeast.
Caliber: Best for VA loans
Min. credit score
580
Min. down payment
0%
Compare More Lenders
on NerdWallet
- Why we like itGood for: first-time home buyers, veterans and those who may have credit challenges to overcome.Pros
- Offers extensive educational resources for military borrowers.
- Participates in some down payment assistance and first-time home buyer programs.
ConsRead full review- No mortgage rates displayed online.
- Doesn’t offer home equity loans or lines of credit.
SoFi: Best for online experience
Min. credit score
620
Min. down payment
3%
Compare More Lenders
on NerdWallet
- Why we like itSoFi offers standard purchase and refinance mortgage options, but not construction or renovation loans, and stands out for its convenient one-stop-shopping setup.Pros
- Offers a credit up to $10,000 if closing exceeds the contract date and the lender is at fault.
- Sample mortgage rates are highly customizable.
- HELOC borrowers may access up to 90% of their home equity.
ConsRead full review- Borrowers may experience difficulty with customer service.
Chase: Best for face-to-face support
Min. credit score
620
Min. down payment
3%
Compare More Lenders
on NerdWallet
- Why we like itChase offers a good variety of loan types, including programs for first-time buyers, but it doesn't offer home equity options or stand out for competitive average rates and fees.Pros
- Offers two loans with 3% down payment minimums.
- Home buyer grants up to $7,500 may apply for qualifying borrowers.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
ConsRead full review- Borrowers must speak with a home loan expert before completing an online application.
- No online live chat feature, and in-person services vary by branch location.
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Last updated on January 22, 2021
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
NerdWallet's Best Indiana Mortgage Lenders of 2021
- New American Funding: Best for lower credit scores
- Rocket Mortgage, LLC: Best for online experience
- Rate: Best for refinancing
- Fairway Independent Mortgage: Best for face-to-face support
- SoFi: Best for first-time home buyers + online experience
- SunTrust (Truist): Best for refinancing
- Caliber: Best for VA loans
- Chase: Best for face-to-face support
