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.

NerdWallet
Written by
Last updated on January 22, 2021

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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

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on NerdWallet
Home loans overall
Best for lower credit scores

580

3%

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on NerdWallet
Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

Learn more
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
4.0
/5
Home loans overall
Best for online experience

620

1%

Learn more
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
Guaranteed Rate

Guaranteed Rate: NMLS#2611

Learn more
at Guaranteed Rate
at Guaranteed Rate
5.0
/5
Refinancing
Best for refinancing

620

3%

Learn more
at Guaranteed Rate
at Guaranteed Rate
Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

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

620

3%

Learn more
at Fairway Independent Mortgage
at Fairway Independent Mortgage
SoFi

SoFi: NMLS#696891

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on NerdWallet
3.5
/5
Home loans overall
Best for first-time home buyers + online experience

620

3%

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on NerdWallet
SunTrust (Truist)

SunTrust (Truist): NMLS#2915

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on NerdWallet
4.5
/5
Refinancing
Best for refinancing

620

3%

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on NerdWallet
Caliber

Caliber: NMLS#15622

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on NerdWallet
3.5
/5
VA loans
Best for VA loans

580

0%

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on NerdWallet
Chase

Chase: NMLS#399798

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on NerdWallet
3.5
/5
Home loans overall
Best for face-to-face support

620

3%

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on NerdWallet
New American Funding
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on NerdWallet
New American Funding

New American Funding: NMLS#6606

4.0
Home loans overall
NerdWallet rating
Min. credit score

580

Min. down payment

3%

Why We Like ItGood for: first-time home buyers, military members and self-employed or underrepresented borrowers.
Pros
  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Its home equity line of credit can be used for an owner-occupied or second home.
  • Has a program to enable buyers to make cash offers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Mortgage origination fees tend to be on the high end.
  • Personalized mortgage rates are not available on the website without providing contact information.
Read Full Review
Rocket Mortgage, LLC
Learn more
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

4.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

1%

Why We Like ItGood for: FHA borrowers and others short on down payment cash, as well as home buyers who value convenience over low fees.
Pros
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Offers the option to work with loan officers by phone if desired.
  • Largest FHA lender in the nation.
Cons
  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.
  • Doesn't offer home equity lines of credit.
Guaranteed Rate
Learn more
at Guaranteed Rate
at Guaranteed Rate
Guaranteed Rate

Guaranteed Rate: NMLS#2611

5.0
Min. credit score

620

National / regional

National

Why We Like ItGood for: borrowers seeking a broad menu of loans, including jumbo and interest-only options, renovation loans and government-backed mortgages, as well as home equity lines of credit.
Pros
  • Offers a one-day mortgage approval process.
  • Offers a generous selection of loans, including government-backed, interest-only, ITIN, jumbo, and renovation loans.
  • Advertises a HELOC that can be funded in as few as five business days.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
Fairway Independent Mortgage
Learn more
at Fairway Independent Mortgage
at Fairway Independent Mortgage
Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

3.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers looking for a low-down-payment mortgage, renovation loan, or a specialized mortgage geared to medical professionals.
Pros
  • Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Mortgage rates for different types of loans aren't posted online.
  • Origination fees and mortgage rates are on the high side compared with other lenders, according to the latest federal data.
SoFi
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on NerdWallet
SoFi

SoFi: NMLS#696891

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: existing SoFi members or those willing to create an account to access a seamless digital experience, from mortgage application to chat support.
Pros
  • Has a highly rated mobile app that integrates with SoFi’s member rewards program.
  • Home equity line of credit (HELOC) borrowers can access up to 90% of home’s value, a higher limit than most lenders’.
  • Recently expanded mortgage offerings to include government-backed FHA and VA loans.
Cons
  • Requires users to create an account to access some digital conveniences, including loan application and customer service chat.
  • Displays only sample rates on its website. (Users with an online account can request a customized rate quote.)
  • Doesn’t offer renovation or construction-to-permanent loans.
SunTrust (Truist)
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on NerdWallet
SunTrust (Truist)

SunTrust (Truist): NMLS#2915

4.5
Min. credit score

620

National / regional

National

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.
Caliber
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on NerdWallet
Caliber

Caliber: NMLS#15622

Min. credit score

580

Min. down payment

0%

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.
SoFi
LEARN MORE
on NerdWallet
SoFi

SoFi: NMLS#696891

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: existing SoFi members or those willing to create an account to access a seamless digital experience, from mortgage application to chat support.
Pros
  • Has a highly rated mobile app that integrates with SoFi’s member rewards program.
  • Home equity line of credit (HELOC) borrowers can access up to 90% of home’s value, a higher limit than most lenders’.
  • Recently expanded mortgage offerings to include government-backed FHA and VA loans.
Cons
  • Requires users to create an account to access some digital conveniences, including loan application and customer service chat.
  • Displays only sample rates on its website. (Users with an online account can request a customized rate quote.)
  • Doesn’t offer renovation or construction-to-permanent loans.
Chase
LEARN MORE
on NerdWallet
Chase

Chase: NMLS#399798

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: conventional borrowers and those interested in loans with low down payment requirements.
Pros
  • Offers two proprietary loans with low down payment requirements.
  • Provides customizable sample rates.
  • Receives high marks for customer satisfaction, according to JD Power and Zillow.
Cons
  • Borrowers must apply for prequalification before accessing a full online application.
  • Origination fees are higher than average, according to the latest federal data.
  • Borrowers may be frustrated with the lender’s website experience.

More from NerdWallet:

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

  • New American Funding: Best for lower credit scores
  • Rocket Mortgage, LLC: Best for online experience
  • Guaranteed 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
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