Mortgage Masters Of Indiana Rates, Fees & Info

Evansville, IN

LEI: 5493005E0SAPZ1LKU504

Tax ID: 03-0486044

5 stars - Updated: 7/13/25 - out of 5 stars, based on 29 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mortgage Masters Of Indiana is a smaller mortgage company specializing in Home Purchase loans. Mortgage Masters Of Indiana has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Evansville, Jasper, Washington, Bloomington, and Vincennes among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mortgage Masters Of Indiana has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Mortgage Masters Of Indiana is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.94% 7/13/25
    30 Year Conventional Refi 6.75% 7/13/25
    30 Year Cash-out Refi 7.14% 7/13/25
    30 Year FHA Purchase 7.47% 7/13/25
    30 Year FHA Refi 7.13% 7/13/25
    30 Year VA Purchase 6.64% 7/13/25
    30 Year VA Refi 6.01% 7/13/25
    30 Year USDA Purchase 7.26% 7/13/25
    30 Year USDA Refi 7.27% 7/13/25
    15 Year Conventional Purchase 6.07% 7/13/25
    15 Year Conventional Refi 6.12% 7/13/25
    15 Year Cash-out Refi 6.12% 7/13/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Mortgage Masters Of Indiana Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Mortgage Masters Of Indiana. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    857

    Origination Dollar Volume (All Markets)

    $179,705,000
    Show all (8) awards

    Relative Rate

    Mortgage Masters Of Indiana's average 30 year fixed mortgage rate was 6.67%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.12%.

    Relative Fees (Closing Costs)

    Mortgage Masters Of Indiana's average total fees/closing costs for a 30 year fixed rate mortgage were $4,778.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    EVANSVILLE, IN-KY (FHA|USDA|VA) 669 $143,535,000 $214,552 $4,691 6.66%
    Outside of Metro Areas 122 $22,990,000 $188,443 $4,935 6.65%
    Jasper, IN (FHA|USDA|VA) 16 $2,710,000 $169,375 $5,299 6.77%
    Washington, IN (FHA|USDA|VA) 10 $1,950,000 $195,000 $6,331 6.61%
    BLOOMINGTON, IN (FHA|USDA|VA) 7 $1,655,000 $236,429 $3,744 6.95%
    Vincennes, IN (FHA|USDA|VA) 8 $1,650,000 $206,250 $4,820 6.75%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,650,000 $275,000 $4,837 6.69%
    OWENSBORO, KY (FHA|USDA|VA) 6 $1,130,000 $188,333 $5,400 6.42%
    Bedford, IN (FHA|USDA|VA) 2 $400,000 $200,000 $5,987 7.06%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $325,000 $325,000 $5,002 6.88%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $275,000 $275,000 $3,211 6.88%
    Huntington, IN (FHA|USDA|VA) 1 $275,000 $275,000 $3,542 6.63%
    Madisonville, KY (FHA|USDA|VA) 2 $260,000 $130,000 $2,889 6.38%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $235,000 $235,000 $6,782 6.63%
    MUNCIE, IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,894 7.38%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $160,000 $80,000 $5,126 6.94%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $6,125 7.00%
    Central City, KY (FHA|USDA|VA) 1 $145,000 $145,000 $6,740 6.63%
    Mortgage Masters Of Indiana's top markets include Evansville, Jasper, Washington, Bloomington, and Vincennes among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MORTGAGE MASTERS OF INDIANA based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Mutual Savings Bank
    Similarity Rank: 44
    Heritage Federal Credit Union
    Similarity Rank: 117
    First Federal Savings Bank
    Similarity Rank: 232
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 546
    FAIR WAY LENDING LLC
    Similarity Rank: 575
    Independence Bank of Kentucky
    Similarity Rank: 784
    CRANE
    Similarity Rank: 820
    MORTGAGE MASTERS OF INDIANA, INC.
    Similarity Rank: 864
    Community First Bank of Indiana
    Similarity Rank: 994
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1072

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 465 $101,985,000 $219,323 $3,365 6.69%
    FHA 258 $49,730,000 $192,752 $7,080 6.64%
    USDA 86 $14,440,000 $167,907 $5,219 6.65%
    VA 48 $13,550,000 $282,292 $4,938 6.52%

    For 2024, Mortgage Masters Of Indiana's most frequently originated type of loan was Conventional, with 465 originations. Their 2nd most popular type was FHA, with 258 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 799 $167,005,000 $209,018 $4,818 6.68%
    Refi 37 $8,945,000 $241,757 $3,683 6.21%
    Cash Out Refi 21 $3,755,000 $178,810 $4,331 6.81%

    For 2024, Mortgage Masters Of Indiana's most frequently cited loan purpose was Home Purchase, with 799 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 845 $177,035,000 $209,509 $4,778 6.67%
    15 Year 9 $2,005,000 $222,778 $2,946 5.76%
    Other 2 $260,000 $130,000 $5,252 6.38%
    20 Year 1 $405,000 $405,000 $2,989 6.63%

    For 2024, Mortgage Masters Of Indiana's most frequently cited loan duration was 30 Year, with 845 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 656 $136,180,000 $207,591
    $<1k 69 $20,665,000 $299,493
    $3k-4k 57 $10,365,000 $181,842
    $2k-3k 53 $7,435,000 $140,283
    $4k-5k 13 $2,925,000 $225,000
    $5k+ 6 $1,620,000 $270,000

    Mortgage Masters Of Indiana's average total fees were $4,778, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 656 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 626 $130,160,000 $207,923
    7-8% 148 $31,550,000 $213,176
    5-6% 78 $16,970,000 $217,564
    Over 8% 3 $405,000 $135,000
    4-5% 2 $620,000 $310,000

    During 2024, Mortgage Masters Of Indiana's average interest rate for loans was 6.67%, while their most frequently originated rate bucket for loans was 6-7%, with 626 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 402 $61,340,000 $152,587 $4,694 6.64%
    $200k-400k 340 $90,460,000 $266,059 $5,022 6.67%
    $100,000 or less 72 $5,780,000 $80,278 $3,735 6.77%
    $400k-600k 37 $17,785,000 $480,676 $4,744 6.58%
    $600k-1MM 6 $4,340,000 $723,333 $6,379 6.63%

    2024 saw Mortgage Masters Of Indiana place emphasis on $100k-200k loans with 402 originations, totaling $61,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 297 $51,385,000 $173,013 $4,786 6.66%
    $50k or less 156 $19,750,000 $126,603 $4,480 6.56%
    $100k-150k 151 $39,845,000 $263,874 $4,781 6.69%
    $75k-100k 149 $31,705,000 $212,785 $5,146 6.69%
    $150k-250k 88 $29,840,000 $339,091 $4,397 6.69%
    $250k+ 15 $6,785,000 $452,333 $5,073 6.93%

    Mortgage Masters Of Indiana lent most frequently to those with incomes in the $50k-75k range, with 297 originations. The second most popular income band? $50k or less, with 156 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 171 $33,465,000 $195,702 $4,593 6.68%
    20-30% 136 $25,720,000 $189,118 $3,965 6.66%
    36% 47 $9,665,000 $205,638 $4,715 6.63%
    50-60% 41 $9,435,000 $230,122 $6,951 6.58%
    40% 40 $8,290,000 $207,250 $5,032 6.69%
    42% 39 $7,265,000 $186,282 $4,767 6.82%
    38% 39 $8,155,000 $209,103 $5,007 6.74%
    37% 37 $7,705,000 $208,243 $4,590 6.64%
    <20% 36 $7,380,000 $205,000 $3,875 6.53%
    49% 35 $8,005,000 $228,714 $5,357 6.57%
    43% 33 $8,115,000 $245,909 $5,394 6.64%
    44% 32 $7,300,000 $228,125 $5,217 6.71%
    41% 32 $8,020,000 $250,625 $4,912 6.71%
    46% 31 $6,825,000 $220,161 $5,268 6.60%
    39% 29 $6,925,000 $238,793 $4,555 6.74%
    48% 27 $6,405,000 $237,222 $4,916 6.81%
    47% 25 $5,355,000 $214,200 $4,597 6.63%
    45% 20 $3,940,000 $197,000 $4,736 6.69%

    Mortgage Masters Of Indiana lent most frequently to those with DTI ratios of 30-36%, with 171 originations. The next most common DTI ratio? 20-30%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 794 $165,960,000 $209,018 $4,752 6.65%
    Not provided 21 $4,805,000 $228,810 $4,425 6.68%
    Black 23 $4,335,000 $188,478 $4,799 6.76%
    Asian 15 $3,855,000 $257,000 $5,470 6.72%
    American Indian 3 $555,000 $185,000 $3,909 6.88%
    Native Hawaiian or Islander 1 $195,000 $195,000 $6,876 6.63%

    Approval Rates

    Total approvals of all applications
    96.21%

    Mortgage Masters Of Indiana has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.32%

    Mortgage Masters Of Indiana has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 857 $179,705,000 $209,691

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    857 $179,705,000 $209,691

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,330,000 $110,833 $2,852 6.36%
    40-60% 44 $8,630,000 $196,136 $3,172 6.49%
    60-80% 135 $29,605,000 $219,296 $3,580 6.65%
    80-100% 631 $132,055,000 $209,279 $5,039 6.69%
    Over 100% 34 $8,030,000 $236,176 $6,981 6.51%
    Under 20% 1 $55,000 $55,000 $3,224 6.00%