Indiana Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Indiana averaged
7.07%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7% and
one month ago for the week of 2025-05-15, the
average rate was 6.97%.
Indiana's average rate one year ago was 7.01%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Indiana 30 Year Fixed Rate | 2025-06-18 | 7.07% |
| Indiana 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| Indiana 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Indiana 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Indiana 30 Year FHA | 2025-06-18 | 0.12% |
| Indiana 30 Year FHA Refi | 2025-06-18 | 0% |
| Indiana 30 Year USDA | 2025-06-18 | -0.1% |
| Indiana 30 Year USDA Refi | 2025-06-18 | 0% |
| Indiana 30 Year VA | 2025-06-18 | 0% |
| Indiana 30 Year VA Refi | 2025-06-18 | 0.2% |
Indiana Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Indiana, PA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Indiana Average Closing Costs & Other Stats
Indiana, PA's 62 lenders originated 1,262
loans during 2024. The total origination value was $175,580,000, with an average loan value of
$139,128.
Indiana's average closing costs are $5,116.
The top Indiana lender as defined by loan originations is InFirst Bank, with
29 loans originated. Their average total fees are
$3,571, which is $2,460
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Indiana lenders (with over 10 loans originated) are
PENNSYLVANIA STATE EMPLOYEES Credit Union ($2,311), InFirst Bank ($3,571), S&T Bank ($3,655), First National Bank of Pennsylvania ($4,396) and CNB Bank ($4,619).
The lowest rate Indiana lenders (with over 10 loans originated) are
CNB Bank (6.28%), First Commonwealth Bank (6.41%), PENNSYLVANIA STATE EMPLOYEES Credit Union (6.59%), AFFORDABLE MORTGAGE ADVISORS, LLC. (6.65%) and S&T Bank (6.71%).
Indiana, PA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| InFirst Bank | $17,020,000 | $20,360,000 | 19.6% | 11.6% |
| S&T Bank | $23,510,000 | $20,310,000 | -13.6% | 11.6% |
| First Commonwealth Bank | $12,685,000 | $9,970,000 | -21.4% | 5.7% |
| QUICKEN LOANS, LLC | $4,270,000 | $9,100,000 | 113.1% | 5.2% |
| CNB Bank | $5,305,000 | $8,815,000 | 66.2% | 5.0% |
| Elderton State Bank | $6,240,000 | $8,265,000 | 32.5% | 4.7% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | $5,860,000 | $6,095,000 | 4.0% | 3.5% |
| First National Bank of Pennsylvania | $4,015,000 | $6,085,000 | 51.6% | 3.5% |
| PLAZA HOME MORTGAGE, INC. | $5,005,000 | $6,020,000 | 20.3% | 3.4% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $1,895,000 | $5,275,000 | 178.4% | 3.0% |
| Marion Center Bank | $6,525,000 | $4,805,000 | -26.4% | 2.7% |
| 1st Summit Bank | $2,025,000 | $4,465,000 | 120.5% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,925,000 | $4,045,000 | 38.3% | 2.3% |
| Mortgage Research Center, LLC | $5,045,000 | $4,000,000 | -20.7% | 2.3% |
| Union Savings Bank | $1,580,000 | $3,405,000 | 115.5% | 1.9% |
| PNC Bank | $6,790,000 | $3,080,000 | -54.6% | 1.8% |
| TOTAL MORTGAGE SERVICES, LLC | $2,765,000 | n/a | 1.6% | |
| Flagstar Bank, FSB | $445,000 | $2,480,000 | 457.3% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $370,000 | $2,345,000 | 533.8% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $445,000 | $2,025,000 | 355.1% | 1.2% |
| American National Bank | $2,005,000 | n/a | 1.1% | |
| Kish Bank | $1,845,000 | n/a | 1.1% | |
| MidAtlantic Farm Credit, ACA | $1,780,000 | n/a | 1.0% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $105,000 | $1,720,000 | 1,538.1% | 1.0% |
| NORWICH COMMERCIAL GROUP, INC. | $6,150,000 | $1,580,000 | -74.3% | 0.9% |
| STOCKTON MORTGAGE CORPORATION | $1,690,000 | $1,175,000 | -30.5% | 0.7% |
| UNION HOME MORTGAGE CORP. | $1,470,000 | $1,165,000 | -20.7% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $75,000 | $1,155,000 | 1,440.0% | 0.7% |
| Bank of America | $255,000 | $1,125,000 | 341.2% | 0.6% |
| Dollar Bank, Federal Savings Bank | $595,000 | $945,000 | 58.8% | 0.5% |
| BROKER SOLUTIONS, INC. | $500,000 | $895,000 | 79.0% | 0.5% |
| Citizens Bank | $1,815,000 | $895,000 | -50.7% | 0.5% |
| The Huntington National Bank | $325,000 | $865,000 | 166.2% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $280,000 | $860,000 | 207.1% | 0.5% |
| AmeriServ Financial Bank | $780,000 | $830,000 | 6.4% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $105,000 | $710,000 | 576.2% | 0.4% |
| Truist | $185,000 | $710,000 | 283.8% | 0.4% |
| Armstrong County Building and Loan Association | $675,000 | n/a | 0.4% | |
| WEST PENN FINANCIAL SERVICE CENTER, INC. | $565,000 | n/a | 0.3% | |
| 21ST MORTGAGE CORPORATION | $545,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $205,000 | $545,000 | 165.9% | 0.3% |
| SOMERSET TRUST COMPANY | $760,000 | $545,000 | -28.3% | 0.3% |
| JPMorgan Chase Bank | $170,000 | $535,000 | 214.7% | 0.3% |
| CFSBANK | $370,000 | $525,000 | 41.9% | 0.3% |
| PLANET HOME LENDING, LLC | $85,000 | $520,000 | 511.8% | 0.3% |
| SWBC MORTGAGE CORPORATION | $510,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $75,000 | $495,000 | 560.0% | 0.3% |
| Wells Fargo Bank | $550,000 | $495,000 | -10.0% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $105,000 | $470,000 | 347.6% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $345,000 | $425,000 | 23.2% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $245,000 | $420,000 | 71.4% | 0.2% |
| NATIONS RELIABLE LENDING, LLC | $250,000 | $420,000 | 68.0% | 0.2% |
| GoPrime Mortgage, Inc. | $415,000 | n/a | 0.2% | |
| Washington Financial Bank | $415,000 | n/a | 0.2% | |
| EQUITY RESOURCES, INC. | $230,000 | $390,000 | 69.6% | 0.2% |
| Reliance Savings Bank | $45,000 | $385,000 | 755.6% | 0.2% |
| Equity Prime Mortgage LLC | $370,000 | n/a | 0.2% | |
| Discover Bank | $220,000 | $365,000 | 65.9% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $225,000 | $365,000 | 62.2% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $225,000 | $335,000 | 48.9% | 0.2% |
| JLB CORPORATION | $135,000 | $330,000 | 144.4% | 0.2% |
| NFM, INC. | $305,000 | n/a | 0.2% | |
| NEXTIER BANK, NATIONAL ASSOCIATION | $535,000 | $295,000 | -44.9% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $575,000 | $285,000 | -50.4% | 0.2% |
| USAA Federal Savings Bank | $405,000 | $285,000 | -29.6% | 0.2% |
| HOMESTEAD FUNDING CORP. | $280,000 | n/a | 0.2% | |
| NEWREZ LLC | $220,000 | $280,000 | 27.3% | 0.2% |
| TOWNE MORTGAGE COMPANY | $275,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $580,000 | $260,000 | -55.2% | 0.1% |
| Nations Lending Corporation | $260,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $260,000 | n/a | 0.1% | |
| The Ephrata National Bank | $545,000 | $255,000 | -53.2% | 0.1% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $490,000 | $250,000 | -49.0% | 0.1% |
| PennCrest Bank | $245,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $305,000 | $235,000 | -23.0% | 0.1% |
| EMBRACE HOME LOANS, INC. | $235,000 | n/a | 0.1% | |
| THE MORTGAGE LINK, INC. | $235,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $230,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $180,000 | $230,000 | 27.8% | 0.1% |
| Northwest Bank | $360,000 | $220,000 | -38.9% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $215,000 | n/a | 0.1% | |
| HOMEXPRESS MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $215,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $210,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $205,000 | n/a | 0.1% | |
| RADIUS FINANCIAL GROUP INC. | $195,000 | n/a | 0.1% | |
| Towne Bank | $195,000 | n/a | 0.1% | |
| Gateway First Bank | $185,000 | n/a | 0.1% | |
| Slovenian Savings & Loan Association of Franklin-Conemaugh | $335,000 | $185,000 | -44.8% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $345,000 | $165,000 | -52.2% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $165,000 | n/a | 0.1% | |
| Clearview Federal Credit Union | $385,000 | $155,000 | -59.7% | 0.1% |
| Figure Lending LLC | $25,000 | $155,000 | 520.0% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $150,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $105,000 | $135,000 | 28.6% | 0.1% |
| Mid Penn Bank | $125,000 | n/a | 0.1% | |
| Mortgage America, Inc. | $125,000 | n/a | 0.1% | |
| M&T Bank | $125,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $700,000 | $125,000 | -82.1% | 0.1% |
| TD Bank | $125,000 | n/a | 0.1% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $115,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $105,000 | $115,000 | 9.5% | 0.1% |
| Victorian Finance, LLC | $115,000 | n/a | 0.1% | |
| Westmoreland Federal Savings | $105,000 | n/a | 0.1% | |
| USX Federal Credit Union | $85,000 | n/a | 0.0% | |
| Coastal Community Bank | $25,000 | $80,000 | 220.0% | 0.0% |
| AMERICAN FINANCING CORPORATION | $75,000 | $75,000 | 0.0% | 0.0% |
| Deere Employees Credit Union | $65,000 | n/a | 0.0% | |
| USSCO Federal Credit Union | $45,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $35,000 | n/a | 0.0% | |
| PHEPLE FCU | $95,000 | $25,000 | -73.7% | 0.0% |
| Armstrong Associates FCU | $20,000 | n/a | 0.0% |
Indiana's top lender by overall market share is InFirst Bank, with 11.6% market share. In second place, with 11.6%, is S&T Bank, having originated $20,310,000 in loans. In third place, with 5.7%, is First Commonwealth Bank, having originated $9,970,000 in loans. In fourth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $9,100,000 in loans. In fifth place, with 5.0%, is CNB Bank, having originated $8,815,000 in loans.
Indiana, PA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 601 | $107,585,000 | $179,010 |
| Refi | 212 | $29,270,000 | $138,066 |
| Home Improvement | 191 | $15,635,000 | $81,859 |
| Other | 178 | $12,290,000 | $69,045 |
| Cash Out Refi | 80 | $10,800,000 | $135,000 |
Indiana's most frequently cited loan purpose was Home Purchase, with 601 originations. The 2nd most popular reason was Refi, with 212 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 444 | $70,210,000 | $158,131 |
| 7-8% | 363 | $50,825,000 | $140,014 |
| 5-6% | 159 | $24,235,000 | $152,421 |
| Over 8% | 112 | $7,320,000 | $65,357 |
| 3-4% | 41 | $3,945,000 | $96,220 |
| 4-5% | 22 | $2,650,000 | $120,455 |
| <2.5% | 2 | $10,000 | $5,000 |
| 2.5-3% | 1 | $235,000 | $235,000 |
During 2024, Indiana's most frequently originated rate bucket was 6-7%, with 444 originations.
Loan Sizing (Indiana, PA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 598 | $33,380,000 | $55,819 |
| $100k-200k | 413 | $57,735,000 | $139,794 |
| $200k-400k | 208 | $55,120,000 | $265,000 |
| $400k-600k | 28 | $13,160,000 | $470,000 |
| $600k-1000k | 10 | $7,230,000 | $723,000 |
| $Over $1MM | 5 | $8,955,000 | $1,791,000 |
Indiana's loan sizing saw the bucket of loans from $100,000 or less with 598 originations, totaling $33,380,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 428 | $76,830,000 | $179,509 |
| 60-80% | 225 | $44,475,000 | $197,667 |
| 20-40% | 181 | $12,705,000 | $70,193 |
| Under 20% | 145 | $4,725,000 | $32,586 |
| 40-60% | 138 | $15,670,000 | $113,551 |
| Over 100% | 13 | $2,895,000 | $222,692 |
Indiana's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 428 originations, totaling $76,830,000 in origination value.