INDIANAPOLIS - CARMEL - ANDERSON Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Indianapolis - Carmel - Anderson averaged
6.32%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.82% and
one month ago for the week of 2024-09-05, the
average rate was 6.15%.
Indianapolis - Carmel - Anderson's average rate one year ago was 7.39%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.43%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Indianapolis - Carmel - Anderson 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Indianapolis - Carmel - Anderson 30 Year Fixed Rate Refi | 2024-10-10 | 6.43% |
| Indianapolis - Carmel - Anderson 15 Year Fixed Rate | 2024-10-10 | 5.66% |
| Indianapolis - Carmel - Anderson 15 Year Fixed Rate Refi | 2024-10-10 | 6.24% |
| Indianapolis - Carmel - Anderson 30 Year FHA | 2024-10-10 | 6.09% |
| Indianapolis - Carmel - Anderson 30 Year FHA Refi | 2024-10-10 | 5.97% |
| Indianapolis - Carmel - Anderson 30 Year USDA | 2024-10-10 | 6.02% |
| Indianapolis - Carmel - Anderson 30 Year USDA Refi | 2024-10-10 | 5.88% |
| Indianapolis - Carmel - Anderson 30 Year VA | 2024-10-10 | 5.64% |
| Indianapolis - Carmel - Anderson 30 Year VA Refi | 2024-10-10 | 4.99% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within INDIANAPOLIS-CARMEL-ANDERSON, IN.
INDIANAPOLIS - CARMEL - ANDERSON 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 INDIANAPOLIS-CARMEL-ANDERSON, IN 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.).
INDIANAPOLIS - CARMEL - ANDERSON Average Closing Costs & Other Stats
INDIANAPOLIS-CARMEL-ANDERSON, IN's 410 lenders originated 51,049
loans during 2023. The total origination value was $13,968,535,000, with an average loan value of
$273,630.
INDIANAPOLIS - CARMEL - ANDERSON's average closing costs are $4,054.
The top INDIANAPOLIS - CARMEL - ANDERSON lender as defined by loan originations is GVC MORTGAGE, INC., with
1,144 loans originated. Their average total fees are
$5,203, which is $646
higher than the next largest lender,
EAGLE HOME MORTGAGE, LLC.
The lowest fee INDIANAPOLIS - CARMEL - ANDERSON lenders (with over 10 loans originated) are
Discover Bank ($0), SIRVA MORTGAGE, INC. ($807), PREMIA MORTGAGE, LLC ($1,271), Third Federal Savings and Loan Association of Cleveland ($1,801) and Union Savings Bank ($1,851).
The lowest rate INDIANAPOLIS - CARMEL - ANDERSON lenders (with over 10 loans originated) are
Loan Simple, Inc. (4.03%), Mutual Savings Bank (5.43%), DHI MORTGAGE COMPANY, LTD. (5.43%), EAGLE HOME MORTGAGE, LLC (5.51%) and Stock Yards Bank & Trust Company (5.69%).
INDIANAPOLIS-CARMEL-ANDERSON, IN 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Merchants Bank of Indiana | $800,220,000 | $631,110,000 | -21.1% | 4.5% |
| QUICKEN LOANS, LLC | $686,570,000 | $479,760,000 | -30.1% | 3.4% |
| Three Rivers Federal Credit Union | $6,905,000 | $475,030,000 | 6,779.5% | 3.4% |
| EAGLE HOME MORTGAGE, LLC | $332,235,000 | $462,940,000 | 39.3% | 3.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $571,620,000 | $421,385,000 | -26.3% | 3.0% |
| GVC MORTGAGE, INC. | $554,515,000 | $407,225,000 | -26.6% | 2.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $432,480,000 | $406,025,000 | -6.1% | 2.9% |
| The Huntington National Bank | $577,220,000 | $355,535,000 | -38.4% | 2.5% |
| CALIBER HOME LOANS, INC. | $746,995,000 | $341,415,000 | -54.3% | 2.4% |
| RUOFF MORTGAGE COMPANY, INC. | $481,845,000 | $306,305,000 | -36.4% | 2.2% |
| Old National Bank | $272,865,000 | $288,080,000 | 5.6% | 2.1% |
| MJW Financial LLC | $340,245,000 | $278,700,000 | -18.1% | 2.0% |
| Elements Financial Federal Credit Union | $339,905,000 | $245,405,000 | -27.8% | 1.8% |
| NEWREZ LLC | $74,405,000 | $233,650,000 | 214.0% | 1.7% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $217,165,000 | $231,980,000 | 6.8% | 1.7% |
| First Merchants Bank | $331,475,000 | $216,110,000 | -34.8% | 1.5% |
| DHI MORTGAGE COMPANY, LTD. | $192,285,000 | $214,905,000 | 11.8% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $249,535,000 | $213,110,000 | -14.6% | 1.5% |
| JPMorgan Chase Bank | $323,975,000 | $213,025,000 | -34.2% | 1.5% |
| PULTE MORTGAGE LLC | $213,770,000 | $208,855,000 | -2.3% | 1.5% |
| Union Savings Bank | $320,540,000 | $207,520,000 | -35.3% | 1.5% |
| GREYSTONE SERVICING COMPANY LLC | $225,740,000 | $190,600,000 | -15.6% | 1.4% |
| PNC Bank | $745,640,000 | $183,770,000 | -75.4% | 1.3% |
| United Fidelity Bank, fsb | $631,575,000 | $183,240,000 | -71.0% | 1.3% |
| Fifth Third Bank | $315,450,000 | $180,470,000 | -42.8% | 1.3% |
| M&T Realty Capital Corporation | $10,100,000 | $173,730,000 | 1,620.1% | 1.2% |
| INDIANA MEMBERS CREDIT UNION | $237,990,000 | $170,745,000 | -28.3% | 1.2% |
| FORUM Credit Union | $229,395,000 | $166,170,000 | -27.6% | 1.2% |
| The National Bank of Indianapolis | $160,760,000 | $163,325,000 | 1.6% | 1.2% |
| Centier Bank | $249,310,000 | $163,055,000 | -34.6% | 1.2% |
| M/I FINANCIAL, LLC | $161,725,000 | $144,920,000 | -10.4% | 1.0% |
| Regions Bank | $142,475,000 | $143,765,000 | 0.9% | 1.0% |
| Mortgage Research Center, LLC | $145,770,000 | $136,725,000 | -6.2% | 1.0% |
| Lake City Bank | $49,560,000 | $117,935,000 | 138.0% | 0.8% |
| First Financial Bank | $26,495,000 | $110,330,000 | 316.4% | 0.8% |
| WesBanco | $65,400,000 | $103,885,000 | 58.8% | 0.7% |
| HALLMARK HOME MORTGAGE, LLC | $141,580,000 | $102,540,000 | -27.6% | 0.7% |
| Stock Yards Bank & Trust Company | $28,455,000 | $99,645,000 | 250.2% | 0.7% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $101,495,000 | $96,080,000 | -5.3% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $196,800,000 | $95,675,000 | -51.4% | 0.7% |
| TEACHERS CREDIT UNION | $156,570,000 | $84,825,000 | -45.8% | 0.6% |
| Horizon Bank | $164,910,000 | $84,090,000 | -49.0% | 0.6% |
| The Federal Savings Bank | $71,435,000 | $77,605,000 | 8.6% | 0.6% |
| BMO Harris Bank | $129,985,000 | $77,435,000 | -40.4% | 0.6% |
| NVR Mortgage Finance, Inc. | $163,830,000 | $75,275,000 | -54.1% | 0.5% |
| UNION HOME MORTGAGE CORP. | $64,165,000 | $73,815,000 | 15.0% | 0.5% |
| Merchants Capital Corp. | $72,910,000 | n/a | 0.5% | |
| GUARANTEED RATE, INC. | $78,310,000 | $71,700,000 | -8.4% | 0.5% |
| VICTORY MORTGAGE, L.L.C. | $96,015,000 | $67,515,000 | -29.7% | 0.5% |
| Barings Multifamily Capital | $67,235,000 | n/a | 0.5% | |
| FIRST COMMUNITY MORTGAGE, INC. | $20,270,000 | $65,690,000 | 224.1% | 0.5% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $89,820,000 | $64,620,000 | -28.1% | 0.5% |
| TUCKER MORTGAGE, LLC | $90,780,000 | $62,200,000 | -31.5% | 0.4% |
| Jackson County Bank | $19,790,000 | $61,495,000 | 210.7% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $60,065,000 | $59,490,000 | -1.0% | 0.4% |
| Bank of America | $67,725,000 | $58,770,000 | -13.2% | 0.4% |
| LOANDEPOT.COM, LLC | $208,865,000 | $58,290,000 | -72.1% | 0.4% |
| Northpointe Bank | $72,150,000 | $57,145,000 | -20.8% | 0.4% |
| STAR Financial Bank | $57,935,000 | $56,920,000 | -1.8% | 0.4% |
| BROKER SOLUTIONS, INC. | $56,515,000 | $53,445,000 | -5.4% | 0.4% |
| Flagstar Bank, FSB | $179,395,000 | $53,150,000 | -70.4% | 0.4% |
| MILESTONE HOME LENDING, LLC | $42,145,000 | $51,345,000 | 21.8% | 0.4% |
| Citizens Bank | $65,710,000 | $49,925,000 | -24.0% | 0.4% |
| THRIVE MORTGAGE, LLC | $2,270,000 | $48,720,000 | 2,046.3% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $67,895,000 | $48,325,000 | -28.8% | 0.3% |
| U.S. Bank | $81,140,000 | $48,255,000 | -40.5% | 0.3% |
| Wolfe Financial, Inc | $32,285,000 | $48,130,000 | 49.1% | 0.3% |
| The State Bank and Trust Company | $25,860,000 | $47,970,000 | 85.5% | 0.3% |
| Wells Fargo Bank | $272,705,000 | $47,075,000 | -82.7% | 0.3% |
| INDIANA UNIVERSITY CREDIT UNION | $52,765,000 | $46,675,000 | -11.5% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $112,125,000 | $45,895,000 | -59.1% | 0.3% |
| ORIX REAL ESTATE CAPITAL, LLC | $18,005,000 | $44,415,000 | 146.7% | 0.3% |
| Metropolitan Life Insurance Co | $44,005,000 | n/a | 0.3% | |
| KeyBank | $536,865,000 | $41,730,000 | -92.2% | 0.3% |
| Centra Credit Union | $39,320,000 | $39,090,000 | -0.6% | 0.3% |
| First Option Mortgage, LLC | $74,055,000 | $37,520,000 | -49.3% | 0.3% |
| German American Bank | $26,240,000 | $37,510,000 | 42.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $25,905,000 | $37,415,000 | 44.4% | 0.3% |
| FIRST EQUITY MORTGAGE INCORPORATED | $45,250,000 | $35,350,000 | -21.9% | 0.3% |
| UMB Bank | $35,005,000 | n/a | 0.3% | |
| Citizens Bank | $65,710,000 | $34,860,000 | -46.9% | 0.2% |
| Morgan Stanley Private Bank | $14,325,000 | $34,690,000 | 142.2% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $84,265,000 | $34,400,000 | -59.2% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $39,255,000 | $33,755,000 | -14.0% | 0.2% |
| Arbor Realty Trust, Inc. | $65,480,000 | $33,030,000 | -49.6% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $41,025,000 | $32,495,000 | -20.8% | 0.2% |
| Greenfield Banking Company | $21,070,000 | $32,075,000 | 52.2% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $135,800,000 | $31,050,000 | -77.1% | 0.2% |
| The Farmers Bank, Frankfort, Indiana | $30,465,000 | $30,420,000 | -0.1% | 0.2% |
| Home Bank SB | $49,110,000 | $29,750,000 | -39.4% | 0.2% |
| The North Salem State Bank | $19,995,000 | $29,345,000 | 46.8% | 0.2% |
| USAA Federal Savings Bank | $36,395,000 | $28,650,000 | -21.3% | 0.2% |
| Prosperity Home Mortgage, LLC | $13,445,000 | $28,085,000 | 108.9% | 0.2% |
| Carrington Mortgage Services, LLC | $42,430,000 | $27,700,000 | -34.7% | 0.2% |
| Discover Bank | $13,520,000 | $25,975,000 | 92.1% | 0.2% |
| FINANCIAL CENTER FIRST CREDIT UNION | $51,750,000 | $25,415,000 | -50.9% | 0.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $41,175,000 | $24,695,000 | -40.0% | 0.2% |
| Bank of England | $25,720,000 | $23,810,000 | -7.4% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $25,560,000 | $23,260,000 | -9.0% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $54,910,000 | $21,725,000 | -60.4% | 0.2% |
| LOANPAL, LLC | $16,220,000 | $21,550,000 | 32.9% | 0.2% |
| The Peoples State Bank | $18,580,000 | $19,895,000 | 7.1% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $8,970,000 | $19,785,000 | 120.6% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $28,355,000 | $19,240,000 | -32.1% | 0.1% |
| CRANE | $19,650,000 | $18,870,000 | -4.0% | 0.1% |
| Farm Credit Mid-America, ACA | $22,665,000 | $17,990,000 | -20.6% | 0.1% |
| Busey Bank | $25,745,000 | $17,900,000 | -30.5% | 0.1% |
| Advisors Mortgage Group, L.L.C. | $25,010,000 | $17,795,000 | -28.8% | 0.1% |
| First Farmers Bank and Trust Company | $20,770,000 | $17,310,000 | -16.7% | 0.1% |
| Mutual Savings Bank | $25,090,000 | $17,060,000 | -32.0% | 0.1% |
| First Financial Bank | $26,495,000 | $16,500,000 | -37.7% | 0.1% |
| Nations Lending Corporation | $34,425,000 | $15,875,000 | -53.9% | 0.1% |
| The Home National Bank of Thorntown | $8,330,000 | $15,640,000 | 87.8% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $19,035,000 | $15,295,000 | -19.6% | 0.1% |
| Figure Lending LLC | $14,080,000 | $15,040,000 | 6.8% | 0.1% |
| Gateway First Bank | $24,265,000 | $14,685,000 | -39.5% | 0.1% |
| PURDUE FEDERAL CREDIT UNION | $25,085,000 | $14,595,000 | -41.8% | 0.1% |
| RF Renovo Management Company, LLC | $480,000 | $14,375,000 | 2,894.8% | 0.1% |
| State Bank of Lizton | $20,980,000 | $14,300,000 | -31.8% | 0.1% |
| First National Bank | $18,990,000 | $14,190,000 | -25.3% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $6,700,000 | $14,090,000 | 110.3% | 0.1% |
| NEW DAY FINANCIAL, LLC | $29,115,000 | $13,825,000 | -52.5% | 0.1% |
| Community First Bank of Indiana | $23,185,000 | $13,740,000 | -40.7% | 0.1% |
| GUILD MORTGAGE COMPANY | $590,000 | $12,515,000 | 2,021.2% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $18,690,000 | $12,370,000 | -33.8% | 0.1% |
| Northwest Bank | $28,190,000 | $12,355,000 | -56.2% | 0.1% |
| AmeriHome Mortgage Company, LLC | $7,415,000 | $12,050,000 | 62.5% | 0.1% |
| EVERETT FINANCIAL, INC. | $13,460,000 | $11,975,000 | -11.0% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $21,815,000 | $11,735,000 | -46.2% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $57,385,000 | $11,555,000 | -79.9% | 0.1% |
| Hendricks County Bank and Trust Company | $11,465,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $13,265,000 | $11,315,000 | -14.7% | 0.1% |
| SIRVA MORTGAGE, INC. | $7,285,000 | $11,265,000 | 54.6% | 0.1% |
| CARDINAL FINANCIAL | $25,345,000 | $11,215,000 | -55.8% | 0.1% |
| NBKC BANK | $12,745,000 | $11,155,000 | -12.5% | 0.1% |
| First Internet Bank of Indiana | $146,280,000 | $11,075,000 | -92.4% | 0.1% |
| United Fidelity Funding Corp. | $23,995,000 | $11,045,000 | -54.0% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $10,345,000 | $11,040,000 | 6.7% | 0.1% |
| CMG MORTGAGE, INC. | $7,915,000 | $11,005,000 | 39.0% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $11,330,000 | $10,780,000 | -4.9% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $23,935,000 | $10,680,000 | -55.4% | 0.1% |
| Morton Community Bank | $1,015,000 | $10,480,000 | 932.5% | 0.1% |
| BETTER MORTGAGE CORPORATION | $34,455,000 | $10,470,000 | -69.6% | 0.1% |
| EVANSVILLE TEACHERS | $14,810,000 | $10,460,000 | -29.4% | 0.1% |
| LIMA ONE CAPITAL, LLC | $23,110,000 | $10,175,000 | -56.0% | 0.1% |
| Plains Commerce Bank | $1,805,000 | $10,110,000 | 460.1% | 0.1% |
| Stifel Bank and Trust | $31,225,000 | $10,100,000 | -67.7% | 0.1% |
| Truist | $8,545,000 | $10,005,000 | 17.1% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $9,015,000 | $9,995,000 | 10.9% | 0.1% |
| UBS Bank USA | $9,115,000 | $9,865,000 | 8.2% | 0.1% |
| Blue Ridge Bank | $21,295,000 | $9,515,000 | -55.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $17,635,000 | $9,430,000 | -46.5% | 0.1% |
| BAY EQUITY LLC | $6,535,000 | $9,410,000 | 44.0% | 0.1% |
| CBRE MULTIFAMILY CAPITAL, INC. | $59,540,000 | $9,315,000 | -84.4% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $11,530,000 | $8,900,000 | -22.8% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $775,000 | $8,770,000 | 1,031.6% | 0.1% |
| First Bank Richmond | $10,860,000 | $8,330,000 | -23.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $9,050,000 | $8,320,000 | -8.1% | 0.1% |
| PREMIA MORTGAGE, LLC | $6,525,000 | $8,195,000 | 25.6% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $8,750,000 | $8,060,000 | -7.9% | 0.1% |
| PLANET HOME LENDING, LLC | $7,090,000 | $7,675,000 | 8.3% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $7,585,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $13,360,000 | $7,560,000 | -43.4% | 0.1% |
| JLB CORPORATION | $32,335,000 | $7,545,000 | -76.7% | 0.1% |
| 1st Source Bank | $28,820,000 | $7,450,000 | -74.1% | 0.1% |
| Santander Bank, N.A. | $7,345,000 | n/a | 0.1% | |
| GUIDANCE RESIDENTIAL, LLC | $1,985,000 | $7,340,000 | 269.8% | 0.1% |
| DAS Acquisition Company, LLC | $1,220,000 | $7,270,000 | 495.9% | 0.1% |
| Raymond James Bank | $11,110,000 | $7,010,000 | -36.9% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $2,300,000 | $6,675,000 | 190.2% | 0.0% |
| BNY Mellon | $505,000 | $6,660,000 | 1,218.8% | 0.0% |
| V.I.P. MORTGAGE, INC. | $4,235,000 | $6,450,000 | 52.3% | 0.0% |
| Prudential Huntoon Paige Associates, LLC | $12,915,000 | $6,415,000 | -50.3% | 0.0% |
| First National Bank of America | $12,285,000 | $6,350,000 | -48.3% | 0.0% |
| OPEN MORTGAGE, LLC | $11,350,000 | $6,310,000 | -44.4% | 0.0% |
| Equity Prime Mortgage LLC | $6,565,000 | $6,200,000 | -5.6% | 0.0% |
| ARC HOME LLC | $13,080,000 | $6,105,000 | -53.3% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $13,860,000 | $6,105,000 | -56.0% | 0.0% |
| First Federal Savings and Loan Association of Lakewood | $2,640,000 |