Indiana USDA Loan Rates, Closing Costs & Stats

Indiana

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Indiana USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Indiana averaged 6.43% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Indiana's average USDA mortgage closing costs are $3,960.

    The average rate for the prior week (2025-05-16) was 6.86% and one month ago for the week of 2025-04-18, the average rate was 6.75%.

    The average rate one year ago was 6.81%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.5%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Indiana USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Indiana level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 192 6.76% $2,946
    GVC MORTGAGE, INC. 157 6.94% $5,798
    MORTGAGE MASTERS OF INDIANA, INC. 84 6.65% $5,217
    NEWREZ LLC 63 6.46% $4,908
    UNION HOME MORTGAGE CORP. 40 6.62% $6,438
    Wolfe Financial, Inc 38 6.99% $5,462
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 6.89% $4,340
    STOCKTON MORTGAGE CORPORATION 36 6.71% $5,623
    University Bank 35 6.26% $4,894
    UNITED WHOLESALE MORTGAGE, LLC 35 6.36% $7,040
    Magnolia Bank 32 6.34% $6,069
    AMERICAN FINANCIAL NETWORK, INC. 28 6.94% $6,212
    CMG MORTGAGE, INC. 27 6.65% $7,254
    DIRECT MORTGAGE LOANS, LLC 24 6.50% $8,865
    AMERICAN PACIFIC MORTGAGE CORPORATION 23 6.94% $7,192
    HALLMARK HOME MORTGAGE, LLC 23 6.87% $5,372
    VAN DYK MORTGAGE CORPORATION 22 6.62% $3,186
    GENEVA FINANCIAL, LLC 21 6.75% $6,108
    CROSSCOUNTRY MORTGAGE, LLC 20 6.66% $6,341
    CALCON MUTUAL MORTGAGE LLC 20 6.45% $6,143
    Century Mortgage Company DBA Century Lending Company 19 6.37% $5,235
    POLARIS HOME FUNDING CORP. 19 6.66% $5,476
    Equity Prime Mortgage LLC 18 6.44% $4,842
    Flanagan State Bank 18 6.37% $5,278
    Paramount Residential Mortgage Group, Inc. 18 6.58% $5,676
    INTERLINC MORTGAGE SERVICES, LLC 17 6.96% $2,611
    GUILD MORTGAGE COMPANY 17 6.23% $6,425
    DHI MORTGAGE COMPANY, LTD. 15 4.86% $4,837
    FIRST COMMUNITY MORTGAGE, INC. 14 6.86% $6,034
    MJW Financial LLC 14 6.54% $5,820
    CARDINAL FINANCIAL 13 6.91% $6,765
    FAIR WAY LENDING LLC 13 6.62% $5,927
    Regions Bank 13 6.84% $4,779
    EVANSVILLE TEACHERS 13 6.19% $3,935
    NATIONS RELIABLE LENDING, LLC 13 6.53% $6,393
    LEADERONE FINANCIAL CORPORATION 12 6.74% $4,845
    German American Bank 12 6.05% $4,427
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 12 6.77% $6,514
    PLAZA HOME MORTGAGE, INC. 12 6.77% $4,907
    Fifth Third Bank 11 6.43% $4,683
    MICHIGAN MUTUAL, INC. 11 6.56% $7,651
    NORWICH COMMERCIAL GROUP, INC. 10 5.75% $4,173
    VANDERBILT MORTGAGE AND FINANCE, INC. 9 5.80% $7,488
    First Financial Bank 9 6.39% $5,019
    BROKER SOLUTIONS, INC. 9 7.00% $6,285
    MID AMERICA MORTGAGE, INC. 8 6.98% $3,848
    AMERICAN FINANCIAL RESOURCES, INC. 8 6.69% $4,445
    HOMESIDE FINANCIAL, LLC 7 6.02% $5,275
    FLAT BRANCH MORTGAGE, INC. 7 6.50% $4,768
    MOVEMENT MORTGAGE, LLC 7 7.50% $5,328
    SUCCESS MORTGAGE PARTNERS, INC. 7 6.45% $8,259
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.77% $5,223
    Blue Ridge Bank 7 6.41% $5,163
    FBC MORTGAGE, LLC 7 4.74% $6,265
    Bank of England 6 6.38% $6,456
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 6.64% $6,683
    Mortgage Research Center, LLC 6 6.33% $2,766
    Prosperity Home Mortgage, LLC 6 6.62% $4,431
    Flagstar Bank, FSB 5 6.90% $6,176
    First Merchants Bank 5 6.63% $5,644
    Nations Lending Corporation 5 7.03% $3,642
    Ixonia Bank 5 7.10% $4,686
    TEACHERS CREDIT UNION 5 5.95% $4,933
    DAS Acquisition Company, LLC 5 7.15% $5,159
    Old National Bank 4 6.22% $4,965
    American Mortgage Bank, LLC 4 6.94% $5,581
    American Mortgage & Equity Consultants, Inc. 4 6.87% $5,254
    NVR Mortgage Finance, Inc. 4 5.81% $10,164
    OPEN MORTGAGE, LLC 4 6.69% $10,729
    INSPIRE HOME LOANS INC. 4 5.19% $7,239
    PNC Bank 3 7.21% $2,858
    CANOPY MORTGAGE, LLC 3 6.50% $6,777
    CHURCHILL MORTGAGE CORPORATION 3 6.33% $9,170
    FREEDOM MORTGAGE CORPORATION 3 6.83% $7,567
    First Harrison Bank 2 6.69% $4,840
    First Financial Bank 2 6.74% $3,904
    EQUITY RESOURCES, INC. 2 7.31% $4,144
    The Huntington National Bank 2 6.25% $6,240
    Horizon Bank 2 6.12% $5,092
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.88% $4,476
    Jackson County Bank 2 7.81% $3,771
    TOWNE MORTGAGE COMPANY 2 6.13% $6,547
    Northwest Bank 2 6.19% $4,192
    Union Savings Bank 2 5.38% $9,189
    Plains Commerce Bank 2 5.69% $11,224
    Centier Bank 2 6.94% $3,426
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.38% $8,878
    GUARANTEED RATE, INC. 2 5.99% $6,926
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.25% $5,299
    EVERETT FINANCIAL, INC. 2 7.13% $4,112
    MYCUMORTGAGE, LLC 2 6.25% $5,933
    VILLAGE CAPITAL MORTGAGE 2 6.56% $5,407
    V.I.P. MORTGAGE, INC. 2 6.56% $6,023
    Meridian Bank Corporation 2 6.19% $6,871
    First Bank 1 6.13% $4,401
    SIBCY CLINE MORTGAGE SERVICES, INC. 1 6.50% $4,335
    Somerville Bank 1 8.38% $2,425
    Stock Yards Bank & Trust Company 1 6.63% $4,099
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.88% $5,474
    T2 FINANCIAL LLC 1 7.13% $7,323
    Three Rivers Federal Credit Union 1 6.13% $4,634
    TIB The Independent Bankersbank 1 5.88% $4,863
    TOP FLITE FINANCIAL, INC. 1 7.13% $4,913
    DEVELOPER'S MORTGAGE COMPANY 1 6.75% $3,903
    UNITED MORTGAGE CORP 1 7.13% $6,266
    U.S. Bank 1 6.75% $4,359
    Bankers' Bank 1 7.13% $4,386
    Assurance Financial Group, L.L.C. 1 6.87% $4,646
    VICTORY MORTGAGE, L.L.C. 1 5.00% $5,301
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.00% $5,572
    MILESTONE HOME LENDING, LLC 1 6.75% $7,256
    Merchants Bank of Indiana 1 6.50% $3,611
    Loan Simple, Inc. 1 7.13% $7,233
    LOANDEPOT.COM, LLC 1 6.25% $5,484
    MY MOVE MORTGAGE, LLC 1 5.50% $6,259
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.50% $4,953
    Northpointe Bank 1 6.25% $5,955
    GMFS LLC 1 5.88% $3,598
    ON Q FINANCIAL, INC. 1 6.63% $6,891
    GERSHMAN INVESTMENT CORP. 1 7.00% $4,021
    Gateway First Bank 1 7.25% $4,814
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $6,583
    FIRST STATE MORTGAGE SERVICES, LLC 1 5.63% $4,437
    1ST SIGNATURE LENDING, LLC 1 7.13% $5,589
    First Option Mortgage, LLC 1 6.13% $6,817
    FIRST COLONY MORTGAGE CORPORATION 1 5.75% $9,891
    Renasant Bank 1 6.50% $4,851
    Royal Credit Union 1 6.00% $4,324
    ROYAL UNITED MORTGAGE LLC 1 7.63% $7,710

    The top Indiana USDA lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 192 USDA loans originated. Their average total fees are $2,946, which is $2,852 lower than the next largest lender, GVC MORTGAGE, INC..

    The lowest fee Indiana USDA lenders (with over 10 loans originated) are INTERLINC MORTGAGE SERVICES, LLC ($2,611), RUOFF MORTGAGE COMPANY, INC. ($2,946), VAN DYK MORTGAGE CORPORATION ($3,186), EVANSVILLE TEACHERS ($3,935) and NORWICH COMMERCIAL GROUP, INC. ($4,173).

    The lowest rate Indiana USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.86%), NORWICH COMMERCIAL GROUP, INC. (5.75%), German American Bank (6.05%), EVANSVILLE TEACHERS (6.19%) and GUILD MORTGAGE COMPANY (6.23%).