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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
NerdWallet
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NerdWallet
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8 Best Indiana Mortgage Lenders of 2021

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
Learn more
New American Funding

New American Funding: NMLS#6606

See Offers
at New American Funding
at New American Funding
4.5
/5
Home loans overall
Best for lower credit scores

580

N/A

See Offers
at New American Funding
at New American Funding
Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

See Offers
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
4.5
/5
Home loans overall
Best for online experience

620

1%

See Offers
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
Rate

Rate: NMLS#2611

4.5
/5
Refinancing
Best for refinancing

580

3%

Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

See Offers
at Fairway Independent Mortgage
at Fairway Independent Mortgage
3.0
/5
Home loans overall
Best for face-to-face support

620

3%

See Offers
at Fairway Independent Mortgage
at Fairway Independent Mortgage
SoFi

SoFi: NMLS#696891

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on NerdWallet
4.5
/5
Home loans overall
Best for first-time home buyers + online experience

620

3%

Compare More Lenders
on NerdWallet
SunTrust (Truist)

SunTrust (Truist): NMLS#2915

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on NerdWallet
4.5
/5
Refinancing
Best for refinancing

620

3%

Compare More Lenders
on NerdWallet
Caliber

Caliber: NMLS#15622

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on NerdWallet
3.5
/5
VA loans
Best for VA loans

580

0%

Compare More Lenders
on NerdWallet
Chase

Chase: NMLS#399798

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on NerdWallet
4.0
/5
Home loans overall
Best for face-to-face support

620

3%

Compare More Lenders
on NerdWallet
New American Funding: Best for lower credit scores
NMLS#6606
4.5
Home loans overall
Min. credit score
580
Min. down payment
N/A
Learn more
on New American Funding's website
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.
    Cons
    • 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.
    Read full review
Rocket Mortgage, LLC: Best for online experience
NMLS#3030
4.5
Home loans overall
Min. credit score
620
Min. down payment
1%
Learn more
on Rocket Mortgage, LLC's website
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.
    Cons
    • 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.
    Read full review
Rate: Best for refinancing
NMLS#2611
4.5
Refinancing
Min. credit score
580
National / regional
National
Learn more
on Rate's website
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.
    Cons
    • Origination fees for refinances are on the high side, according to the latest federal data.
    Read full review
Fairway Independent Mortgage: Best for face-to-face support
NMLS#2289
3.0
Home loans overall
Min. credit score
620
Min. down payment
3%
Learn more
on Fairway Independent Mortgage's website
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.
    Cons
    • 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.
    Read full review
SoFi: Best for first-time home buyers
NMLS#696891
4.5
Home loans overall
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.
    Cons
    • Borrowers may experience difficulty with customer service.
    Read full review
SunTrust (Truist): Best for refinancing
NMLS#2915
4.5
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.
    Cons
    • Customized rates aren't available online without starting an application.
    • Branches are limited mostly to the Southeast.
    Read full review
Caliber: Best for VA loans
NMLS#15622
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.
    Cons
    • No mortgage rates displayed online.
    • Doesn’t offer home equity loans or lines of credit.
    Read full review
SoFi: Best for online experience
NMLS#696891
4.5
Home loans overall
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.
    Cons
    • Borrowers may experience difficulty with customer service.
    Read full review
Chase: Best for face-to-face support
NMLS#399798
4.0
Home loans overall
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.
    Cons
    • 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.
    Read full review

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.

To recap our selections...

NerdWallet's Best Indiana Mortgage Lenders of 2021

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