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.
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.
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.
- 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.
- 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.
Best Indiana Mortgage Lenders
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | Min. down payment ▾ ▾ | Learn more |
---|---|---|---|---|
580 | 3% | Learn more at New American Funding | ||
620 | 1% | Learn more at Rocket Mortgage, LLC | ||
620 | 3% | Learn more at Guaranteed Rate | ||
Fairway Independent Mortgage: NMLS#2289 Learn more at Fairway Independent Mortgage | 620 | 3% | Learn more at Fairway Independent Mortgage | |
620 | 3% | LEARN MORE on NerdWallet | ||
620 | 3% | LEARN MORE on NerdWallet | ||
580 | 0% | LEARN MORE on NerdWallet | ||
620 | 3% | LEARN MORE on NerdWallet |
580
3%
- 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.
- Mortgage origination fees tend to be on the high end.
- Personalized mortgage rates are not available on the website without providing contact information.
620
1%
- 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.
- 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.
620
National
- 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.
- 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.
620
3%
- 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.
- 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.
- 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.
- 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.
620
National
- 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.
- Customized rates aren't available online without starting an application.
- Branches are limited mostly to the Southeast.
- Offers extensive educational resources for military borrowers.
- Participates in some down payment assistance and first-time home buyer programs.
- No mortgage rates displayed online.
- Doesn’t offer home equity loans or lines of credit.
- 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.
- 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.
- 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.
- 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.
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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
- 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