Indiana Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Indiana averaged 6.67% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.39% and one month ago for the week of 2023-04-20, the average rate was 6.19%.

Indiana's average rate one year ago was 5.05%.

For refis of the same type during the week of 2023-05-25, the average rate was 6.08%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Indiana 30 Year Fixed Rate 2023-05-25 6.67%
Indiana 30 Year Fixed Rate Refi 2023-05-25 6.08%
Indiana 15 Year Fixed Rate 2023-05-25 6.27%
Indiana 15 Year Fixed Rate Refi 2023-05-25 4.85%
Indiana 30 Year FHA 2023-05-25 6.52%
Indiana 30 Year FHA Refi 2023-05-25 5.04%
Indiana 30 Year USDA 2023-05-25 6.39%
Indiana 30 Year USDA Refi 2023-05-25 6.63%
Indiana 30 Year VA 2023-05-25 6.4%
Indiana 30 Year VA Refi 2023-05-25 4.38%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Indiana.

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 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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 5,313 5.26% $2,862
QUICKEN LOANS, LLC 4,040 5.06% $5,751
CALIBER HOME LOANS, INC. 2,592 5.27% $3,820
GVC MORTGAGE, INC. 2,346 5.47% $4,228
JPMorgan Chase Bank 2,192 4.84% $3,176
UNITED WHOLESALE MORTGAGE, LLC 2,106 5.32% $4,406
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,947 5.31% $3,920
The Huntington National Bank 1,431 4.69% $3,522
Fifth Third Bank 1,393 4.95% $3,171
TEACHERS CREDIT UNION 1,297 5.41% $2,612
HALLMARK HOME MORTGAGE, LLC 1,267 5.50% $4,188
Union Savings Bank 1,142 4.09% $1,355
First Merchants Bank 1,065 4.71% $2,705
CROSSCOUNTRY MORTGAGE, LLC 1,028 5.53% $4,510
LOANDEPOT.COM, LLC 1,016 4.63% $5,240
Three Rivers Federal Credit Union 1,012 4.98% $2,555
MJW Financial LLC 981 5.35% $3,997
Old National Bank 908 4.81% $2,653
EVANSVILLE TEACHERS 888 4.85% $2,652
EAGLE HOME MORTGAGE, LLC 859 4.84% $5,219
Wells Fargo Bank 816 4.89% $3,528
First Financial Bank 757 5.17% $3,049
Centier Bank 752 5.19% $3,111
Flagstar Bank, FSB 745 5.13% $3,807
Horizon Bank 725 5.12% $2,823
GUARANTEED RATE, INC. 706 5.00% $3,929
PRIMELENDING, A PLAINSCAPITAL COMPANY 669 5.19% $4,658
Regions Bank 626 5.15% $3,151
Mr. Cooper ( Nationstar Mortgage ) 624 5.03% $6,500
FREEDOM MORTGAGE CORPORATION 610 4.97% $4,947
First Federal Savings Bank 607 5.29% $3,013
UNION HOME MORTGAGE CORP. 596 5.27% $4,219
PNC Bank 578 4.88% $3,185
Elements Financial Federal Credit Union 562 4.97% $3,040
German American Bank 540 5.10% $2,747
INDIANA MEMBERS CREDIT UNION 532 4.64% $2,642
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 522 5.51% $4,402
FORUM Credit Union 512 4.74% $2,208
1st Source Bank 504 5.15% $3,147
Centra Credit Union 494 4.68% $2,722
PULTE MORTGAGE LLC 494 4.82% $2,121
CARDINAL FINANCIAL 490 5.37% $4,580
DHI MORTGAGE COMPANY, LTD. 473 4.50% $3,048
PURDUE FEDERAL CREDIT UNION 465 4.94% $2,702
HOME POINT FINANCIAL CORPORATION 458 4.86% $4,640
Notre Dame Federal Credit Union Corporation 442 5.01% $3,603
VANDERBILT MORTGAGE AND FINANCE, INC. 440 5.19% $5,298
First Internet Bank of Indiana 431 4.62% $2,342
AMERICAN MORTGAGE SERVICE COMPANY 431 5.10% $3,318
AMERISAVE MORTGAGE CORPORATION 426 4.64% $6,089
MORTGAGE MASTERS OF INDIANA, INC. 424 5.14% $3,252
INTERRA CREDIT UNION 423 4.85% $3,001
ROYAL UNITED MORTGAGE LLC 422 5.39% $6,525
Farm Credit Mid-America, ACA 385 5.60% $6,437
U.S. Bank 379 4.86% $3,455
First Savings Bank 373 4.71% $2,935
M/I FINANCIAL, LLC 367 4.71% $6,412
NVR Mortgage Finance, Inc. 352 4.48% $8,274
FIRST CENTENNIAL MORTGAGE CORPORATION 322 5.20% $3,573
First Farmers Bank and Trust Company 310 5.44% $2,150
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 298 5.33% $4,356
Hometown Lenders, Inc. 298 5.58% $5,257
INDIANA UNIVERSITY CREDIT UNION 292 4.71% $1,903
BROKER SOLUTIONS, INC. 290 5.34% $5,541
NEWREZ LLC 288 4.88% $4,735
Northpointe Bank 276 5.28% $4,919
Bank of England 263 5.40% $4,657
First Financial Bank 262 5.52% $2,860
KeyBank 261 4.61% $3,135
TUCKER MORTGAGE, LLC 258 5.26% $3,384
ProFed Federal Credit Union 258 4.96% $2,256
PENNYMAC LOAN SERVICES, LLC 255 4.97% $5,755
Farmers State Bank 254 4.57% $2,738
AMERIFIRST FINANCIAL CORPORATION 249 5.44% $4,615
Citizens Bank 248 4.76% $3,772
Jackson County Bank 246 5.27% $2,961
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 236 5.24% $4,384
Heritage Federal Credit Union 236 5.12% $2,671
Peoples Bank 236 4.80% $3,505
Lake City Bank 234 4.65% $2,809
Northwest Bank 231 5.00% $2,980
The Federal Savings Bank 231 5.39% $5,195
TECH Credit Union 227 5.27% $3,162
Bank of America 223 4.20% $3,269
NAVY FEDERAL CREDIT UNION 212 5.47% $3,296
LAKEVIEW LOAN SERVICING, LLC 204 4.72% $4,299
First Federal Savings Bank 202 5.26% $2,117
BETTER MORTGAGE CORPORATION 195 4.12% $3,927
DIRECT MORTGAGE LOANS, LLC 195 5.37% $6,831
VICTORY MORTGAGE, L.L.C. 193 4.73% $2,831
STAR Financial Bank 192 4.93% $3,527
Carrington Mortgage Services, LLC 185 4.74% $5,679
CRANE 183 4.78% $1,621
Crossroads Bank 182 5.08% $1,749
FINANCE OF AMERICA MORTGAGE LLC 180 5.15% $4,075
Wolfe Financial, Inc 177 5.11% $3,635
MOVEMENT MORTGAGE, LLC 175 5.60% $4,532
First Harrison Bank 175 4.78% $2,560
First Option Mortgage, LLC 174 5.29% $5,781
Civista Bank 161 4.79% $2,403
The Peoples State Bank 157 5.04% $2,411
Nations Lending Corporation 157 5.34% $4,927
EVERETT FINANCIAL, INC. 155 5.33% $1,634
DRAPER AND KRAMER MORTGAGE CORP. 155 4.89% $3,151
UNIVERSITY LENDING GROUP, LLC 153 4.69% $3,900
The Riddell National Bank 152 4.94% $2,408
First Bank Richmond 150 4.46% $2,940
Stock Yards Bank & Trust Company 150 4.64% $2,433
BMO Harris Bank 148 4.80% $3,577
MILESTONE HOME LENDING, LLC 147 5.25% $4,164
First State Bank of Middlebury 147 4.74% $2,798
PROVIDENT FUNDING ASSOCIATES, L.P. 147 4.93% $3,324
STOCKTON MORTGAGE CORPORATION 147 5.05% $3,872
FAIR WAY LENDING LLC 143 5.32% $4,479
First Bank of Berne 141 4.88% $2,064
BEACON CREDIT UNION 141 4.59% $2,147
Merchants Bank of Indiana 140 4.69% $2,402
The Farmers & Merchants State Bank 140 4.51% $3,216
GENEVA FINANCIAL, LLC 139 5.92% $5,093
Solidarity Community Federal Credit Union 136 5.04% $2,679
Ally Bank 136 4.19% $3,662
PRIMARY RESIDENTIAL MORTGAGE, INC. 134 5.26% $4,580
MID AMERICA MORTGAGE, INC. 131 4.82% $3,653
Security Federal Savings Bank 130 5.31% $2,020
Community First Bank of Indiana 128 4.83% $2,612
The Friendship State Bank 127 4.83% $2,137
AMERICAN PACIFIC MORTGAGE CORPORATION 127 5.42% $4,465
EUSTIS AND AMERICAN MORTGAGE COMPANY 126 5.15% $4,110
CHURCHILL MORTGAGE CORPORATION 124 5.65% $4,301
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 123 5.32% $3,502
MUTUAL OF OMAHA MORTGAGE, INC. 122 5.37% $5,394
The National Bank of Indianapolis 121 4.90% $3,208
HOMESIDE FINANCIAL, LLC 121 4.91% $4,819
First Federal Savings Bank 116 5.05% $2,991
LEADERONE FINANCIAL CORPORATION 113 5.31% $4,194
UNITED 112 5.11% $2,974
JLB CORPORATION 112 4.96% $4,762
ACADEMY MORTGAGE CORPORATION 111 5.38% $3,902
AMERICAN FINANCING CORPORATION 109 4.50% $5,044
PLAZA HOME MORTGAGE, INC. 107 5.13% $3,930
Republic Bank & Trust Company 107 4.79% $3,234
Home Bank SB 103 4.82% $2,451
WINTERWOOD MORTGAGE GROUP, LLC 101 5.83% $68,301
NATIONS RELIABLE LENDING, LLC 99 5.36% $4,574
AmeriHome Mortgage Company, LLC 97 5.24% $4,754
LAKE MORTGAGE COMPANY INC 96 5.04% $3,121
PARTNERS 1ST Federal Credit Union 95 4.64% $2,613
FIRST COMMUNITY MORTGAGE, INC. 92 7.06% $5,391
AMERICAN PORTFOLIO MORTGAGE CORPORATION 92 5.52% $3,917
PARK COMMUNITY CREDIT UNION, INC. 92 4.93% $2,038
FORT FINANCIAL Federal Credit Union 91 5.13% $2,587
Advisors Mortgage Group, L.L.C. 90 5.16% $2,397
THRIVE MORTGAGE, LLC 89 5.95% $2,974
Prosperity Home Mortgage, LLC 85 5.54% $3,575
ZILLOW HOME LOANS, LLC 81 5.02% $4,724
Mortgage Research Center, LLC 81 5.27% $3,060
The State Bank and Trust Company 80 4.53% $3,726
FIRST EQUITY MORTGAGE INCORPORATED 79 4.70% $5,921
INOVA FEDERAL CREDIT UNION 78 4.80% $2,694
M&T Bank 78 4.85% $4,438
Paramount Residential Mortgage Group, Inc. 75 5.31% $5,222
FCN Bank 74 5.14% $3,151
MEMBER FIRST MORTGAGE, LLC 73 5.49% $3,142
VAN DYK MORTGAGE CORPORATION 72 5.29% $3,211
The Fountain Trust Company 72 5.74% $1,964
POLARIS HOME FUNDING CORP. 71 5.20% $5,813
SUCCESS MORTGAGE PARTNERS, INC. 71 4.87% $4,992
Sierra Pacific Mortgage Company, Inc. 70 5.41% $4,582
PHH Mortgage Corporation 69 5.03% $5,320
Mutual Savings Bank 69 4.82% $3,625
L & N Federal Credit Union 67 5.14% $1,911
First Savings Bank of Hegewisch 67 3.76% $2,463
First National Bank of America 67 8.29% $8,518
FBC MORTGAGE, LLC 67 5.12% $4,358
North American Savings Bank, F.S.B. 66 4.91% $2,894
Third Federal Savings and Loan Association of Cleveland 65 3.78% $1,398
Associated Bank 64 4.51% $3,881
Morgan Stanley Private Bank 63 4.35% $3,091
United Fidelity Funding Corp. 63 6.06% $12,281
MIDWEST AMERICA 62 5.24% $2,909
GUARANTY HOME MORTGAGE CORPORATION 62 4.92% $3,993
Barrington Bank & Trust Company, N.A. 61 5.02% $3,866
V.I.P. MORTGAGE, INC. 58 5.20% $4,672
PROPER RATE, LLC 58 4.89% $4,053
Blue Ridge Bank 58 5.25% $3,477
Community Mortgage Banc Corporation 57 5.17% $3,019
WesBanco Bank, Inc. 56 4.75% $4,486
CHERRY CREEK MORTGAGE, LLC 55 5.08% $682
Busey Bank 55 4.87% $2,347
Baxter Credit Union 55 4.93% $2,543
Discover Bank 54 5.72% $0
KELLER MORTGAGE, LLC 54 5.07% $3,179
ARK-LA-TEX FINANCIAL SERVICES, LLC. 54 5.01% $5,099
MYCUMORTGAGE, LLC 53 5.40% $3,102
Stifel Bank and Trust 52 3.59% $2,399
Gateway First Bank 52 5.25% $3,126
INTERLINC MORTGAGE SERVICES, LLC 51 5.44% $3,600
ENDEAVOR CAPITAL, LLC. 51 5.00% $5,474
University Bank 51 6.23% $4,156
SOUTHWEST FUNDING, LP 49 5.83% $6,596
NBKC BANK 49 5.11% $2,686
Greenfield Banking Company 48 5.12% $2,452
CIBM Bank 48 4.34% $2,618
ENVOY MORTGAGE, LTD 47 5.43% $3,491
SIRVA MORTGAGE, INC. 47 5.10% $2,079
GUARANTEED RATE AFFINITY, LLC 46 5.48% $3,356
Century Mortgage Company DBA Century Lending Company 46 5.03% $4,569
COMPASS MORTGAGE, INC. 45 5.04% $4,196
LOANPAL, LLC 45 4.80% $5,548
Guardian Savings Bank, A Federal Savings Bank 44 4.01% $1,407
PENTAGON FEDERAL CREDIT UNION 44 4.72% $2,877
USAA Federal Savings Bank 43 5.50% $3,835
Truist 42 4.76% $3,583
Flanagan State Bank 41 5.40% $3,939
ARC HOME LLC 41 4.30% $3,651
First Federal Bank of the Midwest 41 5.09% $3,006
MICHIGAN MUTUAL, INC. 38 5.64% $4,097
HOMEBRIDGE FINANCIAL SERVICES, INC. 36 5.42% $4,805
EVERENCE FEDERAL CREDIT UNION 35 6.54% $2,112
BAY EQUITY LLC 34 5.35% $4,661
The Home Loan Expert LLC 34 4.85% $4,412
Neighborhood Loans, Inc. 34 5.27% $4,554
Wyndham Capital Mortgage, Inc. 34 4.94% $2,651
CMG MORTGAGE, INC. 34 4.68% $3,414
1ST SIGNATURE LENDING, LLC 33 4.97% $5,648
Fire Police City County Federal Credit Union 33 4.88% $2,268
First Guaranty Mortgage Corporation 32 4.28% $4,611
SECURITYNATIONAL MORTGAGE COMPANY 31 4.75% $4,198
Circle Federal Credit Union 31 5.38% $2,279
RAPID MORTGAGE COMPANY 30 5.51% $6,457
ALLIED MORTGAGE GROUP, INC. 30 4.88% $6,987
PLANET HOME LENDING, LLC 30 5.00% $4,503
RELIANCE FIRST CAPITAL, LLC 29 4.83% $6,276
Arvest Bank 29 5.05% $5,073
PREMIA MORTGAGE, LLC 29 5.11% $1,916
Citibank 29 4.11% $4,752
Providence Bank & Trust 29 5.26% $2,638
Plains Commerce Bank 29 5.84% $3,497
PANORAMA MORTGAGE GROUP, LLC 29 5.90% $5,158
OPEN MORTGAGE, LLC 28 5.38% $5,735
Quontic Bank 28 6.82% $10,792
NATIONWIDE MORTGAGE BANKERS, INC. 28 5.90% $5,320
Atlantic Union Bank 27 5.17% $4,637
DAS Acquisition Company, LLC 27 5.61% $3,774
Charles Schwab Bank, SSB 26 3.76% $3,032
Servion, Inc. 26 4.87% $3,440
Madison County Federal Credit Union 26 5.29% $2,673
Loan Simple, Inc. 26 5.20% $5,040
Mortgage Assurance Inc. 25 4.97% $3,337
SOFI LENDING CORP. 25 4.05% $4,375
Raymond James Bank 24 3.69% $2,982
Magnolia Bank 24 4.72% $4,239
UBS Bank USA 23 3.90% $3,803
CITIZENS EQUITY FIRST 22 4.14% $1,417
INSPIRE HOME LOANS INC. 22 5.51% $5,725
AMCAP MORTGAGE, LTD. 22 5.67% $4,624
GSF Mortgage Corporation 21 5.23% $5,696
PrimeTrust Financial Federal Credit Union 20 4.33% $1,540
KEMBA CREDIT UNION, INC. 20 4.01% $2,594
UIF CORPORATION 19 5.41% $3,179
Key Mortgage Services, Inc. 19 5.30% $3,964
EVANSVILLE 19 4.67% $1,963
ANGEL OAK MORTGAGE SOLUTIONS LLC 19 5.93% $8,393
Banterra Bank 19 4.99% $2,382
AmRes Corporation 19 5.39% $4,617
ALLIANT CREDIT UNION 18 4.27% $3,644
ANGEL OAK HOME LOANS LLC 18 6.75% $8,288
Marquette Bank 18 4.74% $3,120
Credit Union 1 18 4.57% $3,850
Waterstone Mortgage Corporation 18 5.19% $4,122
THE MORTGAGE WAREHOUSE,LLC 18 5.23% $2,947
Independent Federal Credit Union 18 5.15% $2,465
Dollar Bank, Federal Savings Bank 18 4.47% $3,825
MORTGAGE ACCESS CORP. 17 5.35% $4,558
THE ANDERSON FINANCIAL GROUP, INC. 17 5.84% $3,069
OAK MORTGAGE, LLC 17 4.83% $2,761
First Midwest Bank 17 3.27% $3,942
LAND HOME FINANCIAL SERVICES, INC. 16 5.55% $4,722
Equity Prime Mortgage LLC 16 4.64% $3,854
NFM, INC. 16 6.14% $5,057
T2 FINANCIAL LLC 16 4.97% $5,182
BNC National Bank 15 4.73% $2,659
Pacor Mortgage Corp 15 4.86% $3,923
NETWORK CAPITAL FUNDING CORPORATION 15 5.03% $5,872
S1L, Inc. 15 4.88% $5,685
EMBRACE HOME LOANS, INC. 15 5.18% $6,052
Chicago Mortgage Solutions LLC 15 4.76% $4,038
AMERICAN INTERNET MORTGAGE, INC. 14 3.80% $4,693
UNITED MORTGAGE CORP. 14 5.04% $6,768
FirstBank 14 4.51% $2,762
HONDA Federal Credit Union 14 4.29% $2,333
BLUELEAF LENDING, LLC 14 4.76% $3,066
HOMEXPRESS MORTGAGE CORP. 13 7.59% $6,670
LAKE MICHIGAN CREDIT UNION 13 4.69% $3,966
DEEPHAVEN MORTGAGE LLC 13 7.48% $7,580
21ST MORTGAGE CORPORATION 13 6.94% $5,453
DIGITAL Federal Credit Union 13 4.38% $3,333
Longview Bank & Trust 13 5.02% $4,282
BOONVILLE FEDERAL SAVINGS BANK 13 4.69% $2,737
Colonial Savings, F.A. 12 5.25% $5,041
FINANCIAL BUILDERS Federal Credit Union 12 5.38% $1,545
CROWN MORTGAGE COMPANY 12 5.44% $5,571
City National Bank 12 4.24% $3,172
TOP FLITE FINANCIAL, INC. 12 5.72% $9,397
Industrial Federal Credit Union 12 5.07% $3,503
Cincinnati Federal 12 4.85% $4,177
Grand Bank for Savings, FSB 11 7.66% $3,270
GREENSTATE CREDIT UNION 11 5.76% $2,961
EMM LOANS LLC 11 5.38% $5,873
Mercantile Bank of Michigan 11 4.19% $3,041
Liberty Savings Bank, F.S.B. 11 4.78% $5,494
AMERICAN FINANCIAL RESOURCES, INC. 11 4.99% $5,483
First Federal Savings and Loan Association of Lakewood 11 5.02% $2,832
Warsaw Federal Savings and Loan Association 11 5.20% $4,214
CRESCENT MORTGAGE COMPANY 11 4.69% $2,757
Somerville Bank 11 4.36% $2,392
Simmons Bank 10 4.00% $4,978
HOMESTEAD FUNDING CORP. 10 4.39% $3,876
NORWICH COMMERCIAL GROUP, INC. 10 4.89% $5,980
PACIFIC RESIDENTIAL MORTGAGE, LLC 10 6.16% $4,558
LENDSURE MORTGAGE CORP. 10 7.60% $12,893
PARLAY MORTGAGE & PROPERTY, INC. 10 5.31% $4,513
Honor Credit Union 10 4.75% $2,604
Watermark Capital, Inc. 9 4.33% $3,567
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 9 4.96% $3,370
INLANTA MORTGAGE, INC. 9 4.85% $4,260
EQUITY RESOURCES, INC. 9 5.24% $4,147
CREDIT UNION MORTGAGE ASSOCIATION, INC. 9 4.72% $3,156
GENERAL ELECTRIC CREDIT UNION 9 3.75% $2,864
Independence Bank of Kentucky 9 4.60% $2,020
BAYSHORE MORTGAGE FUNDING, LLC 8 6.02% $6,006
UNIFY FINANCIAL Credit Union 8 3.98% $1,621
FIRST STATE MORTGAGE SERVICES, LLC 8 4.31% $3,856
FLAT BRANCH MORTGAGE, INC. 8 5.76% $3,507
American Mortgage & Equity Consultants, Inc. 8 4.95% $3,573
Colten Mortgage, LLC 8 4.50% $3,050
HANCOCK MORTGAGE PARTNERS, LLC 8 5.00% $5,096
United Fidelity Bank, fsb 8 3.58% $2,581
Renasant Bank 8 4.42% $3,787
The Central Trust Bank 7 4.50% $2,808
WRIGHT-PATT CREDIT UNION, INC. 7 4.98% $1,524
Austin Capital Bank SSB 7 6.20% $5,006
NOVA FINANCIAL & INVESTMENT CORPORATION 7 5.09% $4,781
LOANFLIGHT LENDING, LLC 7 4.66% $5,243
NexBank 7 5.29% $4,957
Iroquois Federal Savings and Loan Association 7 4.73% $1,615
First Home Bank 7 5.18% $5,455
The Park National Bank 7 4.89% $2,764
INLAND BANK & TRUST 7 4.95% $3,318
MORIA DEVELOPMENT, INC. 7 5.09% $5,417
First Federal Bank 7 5.52% $5,622
The Union Bank Company 7 3.91% $4,354
STEARNS LENDING, LLC 6 3.39% $4,153
Amerifirst Financial, Inc. 6 5.69% $3,808
GUILD MORTGAGE COMPANY 6 5.17% $4,791
GUIDANCE RESIDENTIAL, LLC 6 5.77% $3,776
Bankers' Bank 6 4.77% $2,447
GERSHMAN INVESTMENT CORP. 6 4.44% $2,976
Citadel Servicing Corporation 6 8.15% $5,841
Florida Capital Bank 6 4.92% $4,061
WINGS FINANCIAL 6 4.69% $2,670
SOVEREIGN LENDING GROUP INCORPORATED 6 4.69% $6,950
TOWNE MORTGAGE COMPANY 6 4.21% $3,854
CONSUMERS 6 6.46% $2,490
SUN WEST MORTGAGE COMPANY, INC. 6 4.81% $3,864
Sunflower Bank 6 4.79% $4,183
Cornerstone First Mortgage, Inc 6 4.60% $4,461
Strong Home Mortgage, LLC 6 4.19% $1,831
Deere Employees Credit Union 6 3.63% $2,712
DELMAR FINANCIAL COMPANY 6 5.13% $5,285
Wilson & Muir Bank & Trust Company 5 5.60% $2,303
GREAT LAKES 5 3.48% $3,201
Lend Smart Mortgage, LLC 5 5.35% $4,855
RESIDENTIAL BANCORP. 5 4.87% $5,024
US MORTGAGE CORPORATION 5 5.32% $5,210
Toyota Financial Savings Bank 5 3.08% $3,425
Abound Federal Credit Union 5 4.30% $2,107
BOKF 5 5.48% $3,552
Devon Bank 5 6.25% $4,089
MORTGAGE 1 INCORPORATED 5 6.05% $6,323
STAR ONE CREDIT UNION 5 3.85% $3,136
Ixonia Bank 5 5.55% $4,395
FAY SERVICING, LLC 5 4.55% $3,561
CLEARPATH LENDING 5 4.78% $8,121
LENOX FINANCIAL MORTGAGE CORPORATION 5 5.13% $5,125
COMMONWEALTH 5 3.78% $2,018
Vibrant Credit Union 5 4.73% $1,804
First Mid Bank & Trust 5 4.28% $1,901
CANOPY MORTGAGE, LLC 5 4.07% $2,622
POLISH & SLAVIC FEDERAL CREDIT UNION 5 4.03% $2,804
First American Bank 5 6.08% $2,523
TRANSCEND 5 4.55% $993
SUMMIT FUNDING, INC. 5 4.90% $3,261
Old Second National Bank 4 4.09% $2,677
Morton Community Bank 4 4.84% $2,313
CIBC Bank USA 4 4.81% $3,664
Chiphone Federal Credit Union 4 5.16% $2,633
NATIONS DIRECT MORTGAGE, LLC 4 6.34% $14,596
Axos Bank 4 4.00% $4,093
HOMESTAR FINANCIAL CORPORATION 4 5.41% $4,203
Independent Bank 4 5.47% $3,795
CONSUMERS COOPERATIVE CREDIT UNION 4 3.44% $2,674
NP, Inc. 4 3.94% $1,982
RBC Bank, (Georgia) 4 5.19% $1,445
Goldman Sachs Bank USA 4 3.59% $3,022
Armed Forces Bank 4 4.44% $2,190
Cf Bank 4 4.41% $1,673
Ameris Bank 4 4.84% $3,725
1st National Bank 4 5.66% $2,271
First Western Trust Bank 4 4.41% $3,751
Texana Bank 4 5.03% $7,340
Southern Michigan Bank & Trust 4 6.66% $1,897
MLD MORTGAGE INC. 4 4.19% $3,671
OAKTREE FUNDING CORP. 3 7.00% $31,809
NBH Bank 3 4.25% $2,275
OCEANSIDE MORTGAGE COMPANY 3 4.58% $1,893
IMPAC MORTGAGE CORP. 3 4.25% $4,191
Residential Mortgage Solutions, Inc. 3 4.67% $6,646
ALAMEDA MORTGAGE CORPORATION 3 5.04% $4,564
Commonwealth Bank and Trust Company 3 3.63% $2,282
ATHAS CAPITAL GROUP, INC. 3 7.46% $9,225
AXIA FINANCIAL, LLC 3 4.75% $4,758
OPTION FINANCIAL, LLC 3 6.58% $3,238
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 4.75% $4,267
Meridian Bank Corporation 3 5.38% $4,324
Central Bank & Trust Company 3 4.42% $2,449
Superior Credit Union, Inc. 3 5.67% $3,304
Paramount Bank 3 5.04% $4,537
Willamette Valley Bank 3 4.92% $5,257
First Horizon Bank 3 6.08% $4,020
SCOTT CREDIT UNION 3 4.50% $2,128
SeaTrust Mortgage Company 3 6.37% $4,280
PLUS RELOCATION MORTGAGE, LLC 3 4.33% $7,093
Beeline Loans, Inc. 3 6.54% $4,911
The North Side Bank & Trust Company 3 4.21% $1,419
COMMUNITYAMERICA 3 3.79% $3,079
BEST CAPITAL FUNDING 3 4.17% $3,575
BNY Mellon 3 4.88% $4,008
Bank First, N.A. 3 4.58% $3,176
Northwest Federal Credit Union 3 4.33% $2,663
Great Southern Bank 3 3.73% $2,932
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.54% $3,227
Chicago Financial Services, Inc. 3 6.42% $3,671
DEVELOPER'S MORTGAGE COMPANY 3 5.67% $3,084
NUMARK CREDIT UNION 3 5.17% $2,353
The Citizens National Bank of Bluffton 3 5.75% $2,373
FIRST COLONY MORTGAGE CORPORATION 3 5.00% $6,148
Amalgamated Bank 3 4.58% $4,665
Zions Bancorporation, N.A. 2 5.75% $1,957
Academy Bank 2 5.31% $4,007
Actors Federal Credit Union 2 3.13% $3,275
AFFINITY 2 3.44% $3,611
ASSEMBLIES OF GOD Credit Union 2 4.06% $2,172
Auto Club Trust, FSB 2 3.75% $1,813
Bank Five Nine 2 4.50% $2,843
BECKAM FUNDING CORP. 2 8.13% $5,448
Bethpage Federal Credit Union 2 5.56% $3,620
BMI Federal Credit Union 2 3.88% $2,140
CALCON MUTUAL MORTGAGE LLC 2 4.25% $5,652
Capital Bank 2 6.31% $4,261
Christian Community Credit Union 2 4.06% $3,625
CINFED Federal Credit Union 2 3.19% $9,212
City Bank 2 4.88% $5,405
CityWorth Mortgage LLC 2 3.81% $3,903
Commerce Bank 2 4.25% $3,074
CORPORATE AMERICA FAMILY 2 4.88% $3,720
Deseret First Credit Union 2 5.75% $3,952
Encompass Lending Group, LP 2 5.88% $5,976
Evolve Bank & Trust 2 5.06% $2,786
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 2 4.93% $3,020
FEDEX EMPLOYEES CREDIT ASSOCIATION 2 4.50% $6,169
First National Bank of Omaha 2 6.00% $2,590
First State Bank of St. Charles, Missouri 2 4.06% $2,417
First United Bank and Trust Company 2 4.06% $5,997
Fortress Bank 2 3.19% $1,938
GENISYS 2 3.56% $2,247
Gold Coast Bank 2 4.44% $2,305
Goldwater Bank, N.A. 2 5.81% $4,201
HAMILTON HOME LOANS, INC. 2 5.06% $9,015
Heartland Bank 2 3.69% $1,645
Heartland Bank and Trust Company 2 5.25% $2,534
HSBC BANK USA, NATIONAL ASSOCIATION 2 6.62% $2,833
ITHINK FINANCIAL Credit Union 2 3.38% $5,817
JUSTICE Federal Credit Union 2 4.00% $4,578
LIBERTY HOME MORTGAGE CORPORATION 2 6.13% $9,464
Midland States Bank 2 3.31% $2,514
NORTHROP GRUMMAN Federal Credit Union 2 4.00% $3,847
OCMBC, INC. 2 7.50% $5,574
OMNI Community Credit Union 2 5.63% $7,221
ON Q FINANCIAL, INC. 2 5.81% $4,120
Petefish, Skiles & Co. 2 4.38% $2,084
Pinnacle Bank 2 4.63% $3,810
RANLIFE, INC. 2 4.44% $4,842
Republic State Mortgage Co. 2 4.00% $2,570
Semper Home Loans, Inc. 2 5.69% $1,696
Shamrock Home Loans, Inc. 2 5.06% $3,558
STANFORD Federal Credit Union 2 4.19% $2,824
SWBC MORTGAGE CORPORATION 2 6.13% $2,040
The Dart Bank 2 5.06% $2,743
The Farmers National Bank of Canfield 2 4.75% $3,419
The First National Bank of Ottawa 2 5.56% $2,503
The Northern Trust Company 2 3.69% $3,935
TIB The Independent Bankersbank 2 6.38% $3,787
TOWER 2 3.50% $3,691
TRIAD FINANCIAL SERVICES, INC. 2 7.38% $6,150
United Community Bank 2 5.24% $1,702
UNITED HOME LOANS, INC. 2 4.81% $5,562
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION 2 4.13% $2,490
Platinum Home Mortgage Corporation 1 5.38% $10,785
PERFORMANCE MORTGAGE LLC 1 3.75% $1,400
Peoples National Bank , N.A. 1 6.00% $2,355
Stride Bank 1 5.88% $3,130
Patriot Bank 1 3.50% $2,634
Origin Bank 1 4.75% $2,396
OceanFirst Bank 1 5.13% $2,381
Oakstar Bank 1 4.00% $2,895
Northwest Bank 1 5.13% $1,730
NASA Federal Credit Union 1 5.88% $9,165
SUPERIOR FINANCIAL SOLUTIONS, LLC 1 5.00% $3,027
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.38% $2,939
Mutual Federal Bank 1 3.13% $2,462
TEACHERS 1 4.75% $3,824
MMS MORTGAGE SERVICES, LTD. 1 4.63% $3,838
ML Mortgage Corp. 1 6.13% $4,691
TELHIO 1 6.38% $2,812
Midwest Mortgage Associates Corporation 1 6.13% $4,279
Midwest Heritage Bank FSB 1 4.13% $3,024
The Cecilian Bank 1 4.74% $3,436
Midwest Community Bank 1 3.38% $2,409
Midwest BankCentre 1 3.75% $2,386
Wilmington Savings Fund Society, FSB 1 3.13% $1,433
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.00% $3,276
Assurance Financial Group, L.L.C. 1 5.37% $2,585
MAYO EMPLOYEES FEDERAL CREDIT UNION 1 3.25% $5,635
The Fidelity Deposit and Discount Bank 1 4.00% $4,199
AMERICAN HERITAGE LENDING, INC. 1 8.38% $4,644
Low VA Rates, LLC 1 4.88% $5,192
LCNB National Bank 1 3.38% $2,322
Landmark National Bank 1 6.63% $2,919
Kwik Mortgage Corporation 1 5.38% $1,503
The Monticello Banking Company 1 4.00% $1,783
KEYPOINT 1 4.63% $9,577
JET DIRECT FUNDING CORP 1 6.13% $7,765
AMERICAN FIRST 1 3.25% $3,563
INTERCAP LENDING INC. 1 5.38% $5,202
INSIGHT 1 4.25% $2,741
ILLINOIS STATE CREDIT UNION 1 5.75% $1,454
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 3.88% $2,012
Hometown Equity Mortgage, LLC 1 5.38% $4,733
Home State Bank 1 4.50% $2,909
Think Mutual Bank 1 5.13% $4,186
HOMESPIRE MORTGAGE CORPORATION 1 5.13% $2,769
Hancock Whitney Bank 1 6.50% $2,685
GoPrime Mortgage, Inc. 1 4.63% $2,655
THRIVENT Federal Credit Union 1 2.88% $3,159
Allied First Bank,sb 1 4.25% $3,310
TJC Mortgage, Inc. 1 3.13% $2,631
TOGETHER CREDIT UNION 1 4.39% $572
GEORGIA'S OWN 1 4.75% $5,415
1st State Financial, Ltd. 1 3.50% $1,839
First Federal Savings Bank 1 2.88% $9,667
First Federal Bank, A FSB 1 7.13% $3,925
Traditional Bank, Inc. 1 5.38% $2,523
First Bank 1 5.99% $5,525
AIR ACADEMY 1 5.38% $2,239
FineMark National Bank & Trust 1 3.38% $2,246
FINANCIAL CENTER FIRST CREDIT UNION 1 4.35% $8,844
Figure Lending LLC 1 3.75% $5,250
Fidelity Bank 1 3.50% $3,343
Enterprise Bank & Trust 1 5.50% $2,647
ENCORE BANK 1 4.12% $4,532
EASTMAN 1 5.13% $2,182
UNION SQUARE 1 7.13% $2,084
EagleBank 1 3.88% $1,951
AHL FUNDING 1 4.13% $4,193
United Community Bank 1 3.75% $2,765
DIRECT MORTGAGE, CORP. 1 4.88% $6,456
DESCO 1 5.88% $2,830
ADVANTAGE PLUS 1 5.88% $4,337
DELTA COMMUNITY CREDIT UNION 1 5.00% $5,121
County National Bank 1 6.88% $3,293
Cornerstone National Bank & Trust Company 1 5.00% $1,464
COMPEER FINANCIAL, FLCA 1 5.75% $2,720
Community Trust Bank, Inc. 1 4.75% $6,667
Commerce Home Mortgage, Inc. 1 7.10% $7,538
CNB Bank And Trust, N.A. 1 3.88% $16,039
U S WIDE FINANCIAL LLC 1 3.88% $1,644
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.13% $5,116
CHARTER WEST BANK 1 5.99% $1,937
CASTLE & COOKE MORTGAGE, LLC 1 5.63% $6,425
Victorian Finance, LLC 1 6.50% $2,397
Carrollton Bank 1 5.50% $4,065
VILLAGE CAPITAL MORTGAGE 1 3.25% $4,095
CapStar Bank 1 6.13% $2,182
BM Real Estate Services, Inc. 1 4.38% $3,340
Washington Trust Bank 1 4.88% $4,684
Blackhawk Bank 1 3.60% $3,131
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 3.50% $5,313
Bank of Ann Arbor 1 5.00% $2,310
Bank Iowa 1 6.50% $2,597
SIWELL, INC. 1 3.50% $4,621
SOUTH CENTRAL BANK, INC. 1 3.50% $2,225
Silicon Valley Bank 1 3.88% $2,081
Southwest Airlines Federal Credit Union 1 5.13% $3,590
Service Federal Credit Union 1 5.00% $3,678
Royal Credit Union 1 5.50% $2,767
Springfield First Community Bank 1 5.38% $3,022
WESCOM CENTRAL CREDIT UNION 1 5.63% $3,027
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 4.38% $5,006
QUORUM FEDERAL CREDIT UNION 1 5.00% $2,682
S&T Bank 1 4.75% $2,604
Prairie State Bank and Trust 1 5.25% $2,705

Indiana Average Closing Costs & Other Stats

Indiana's 612 lenders originated 202,712 loans during 2022. The total origination value was $44,877,720,000, with an average loan value of $221,387.

Indiana's average closing costs are $3,728.

The top Indiana lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 5,313 loans originated. Their average total fees are $2,862, which is $2,889 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Indiana lenders (with over 10 loans originated) are Discover Bank ($0), CHERRY CREEK MORTGAGE, LLC ($682), Union Savings Bank ($1,355), Third Federal Savings and Loan Association of Cleveland ($1,398) and Guardian Savings Bank, A Federal Savings Bank ($1,407).

The lowest rate Indiana lenders (with over 10 loans originated) are First Midwest Bank (3.27%), Stifel Bank and Trust (3.59%), Raymond James Bank (3.69%), First Savings Bank of Hegewisch (3.76%) and Charles Schwab Bank, SSB (3.76%).

Indiana 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Three Rivers Federal Credit Union $1,878,070,000 $1,994,460,000 6.2% 4.4%
RUOFF MORTGAGE COMPANY, INC. $3,364,900,000 $1,781,050,000 -47.1% 4.0%
QUICKEN LOANS, LLC $3,484,335,000 $1,704,955,000 -51.1% 3.8%
Merchants Bank of Indiana $730,780,000 $1,059,380,000 45.0% 2.4%
CALIBER HOME LOANS, INC. $1,968,375,000 $1,025,865,000 -47.9% 2.3%
PNC Bank $643,375,000 $1,012,805,000 57.4% 2.3%
UNITED WHOLESALE MORTGAGE, LLC $1,244,185,000 $878,130,000 -29.4% 2.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,135,315,000 $830,665,000 -26.8% 1.9%
GVC MORTGAGE, INC. $1,212,320,000 $827,935,000 -31.7% 1.8%
Fifth Third Bank $1,077,905,000 $812,085,000 -24.7% 1.8%
The Huntington National Bank $1,195,520,000 $799,400,000 -33.1% 1.8%
Old National Bank $868,310,000 $738,245,000 -15.0% 1.6%
JPMorgan Chase Bank $1,577,460,000 $698,660,000 -55.7% 1.6%
Centier Bank $647,825,000 $688,210,000 6.2% 1.5%
First Merchants Bank $865,300,000 $685,105,000 -20.8% 1.5%
KeyBank $305,375,000 $669,910,000 119.4% 1.5%
United Fidelity Bank, fsb $369,620,000 $661,330,000 78.9% 1.5%
BERKADIA COMMERCIAL MORTGAGE LLC $327,720,000 $514,320,000 56.9% 1.1%
Horizon Bank $624,005,000 $510,630,000 -18.2% 1.1%
TEACHERS CREDIT UNION $659,600,000 $488,540,000 -25.9% 1.1%
FREEDOM MORTGAGE CORPORATION $1,702,750,000 $460,880,000 -72.9% 1.0%
Mortgage Research Center, LLC $494,845,000 $445,620,000 -9.9% 1.0%
HALLMARK HOME MORTGAGE, LLC $758,415,000 $444,020,000 -41.5% 1.0%
Union Savings Bank $1,021,315,000 $443,630,000 -56.6% 1.0%
LOANDEPOT.COM, LLC $903,230,000 $436,775,000 -51.6% 1.0%
First Financial Bank $155,000 $436,555,000 281,548.4% 1.0%
Wells Fargo Bank $629,610,000 $433,195,000 -31.2% 1.0%
Lake City Bank $420,645,000 $431,210,000 2.5% 1.0%
CROSSCOUNTRY MORTGAGE, LLC $535,245,000 $429,830,000 -19.7% 1.0%
German American Bank $475,170,000 $379,520,000 -20.1% 0.8%
EAGLE HOME MORTGAGE, LLC $312,420,000 $372,380,000 19.2% 0.8%
Elements Financial Federal Credit Union $477,280,000 $364,940,000 -23.5% 0.8%
MJW Financial LLC $450,315,000 $362,355,000 -19.5% 0.8%
EVANSVILLE TEACHERS $638,215,000 $357,955,000 -43.9% 0.8%
GUARANTEED RATE, INC. $564,310,000 $327,055,000 -42.0% 0.7%
GREYSTONE SERVICING COMPANY LLC $232,720,000 $325,280,000 39.8% 0.7%
Flagstar Bank, FSB $423,020,000 $324,895,000 -23.2% 0.7%
1st Source Bank $394,005,000 $307,955,000 -21.8% 0.7%
PURDUE FEDERAL CREDIT UNION $344,540,000 $281,345,000 -18.3% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $467,185,000 $277,360,000 -40.6% 0.6%
INDIANA MEMBERS CREDIT UNION $380,920,000 $277,330,000 -27.2% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $144,495,000 $254,425,000 76.1% 0.6%
FORUM Credit Union $500,435,000 $252,595,000 -49.5% 0.6%
First Federal Savings Bank $255,000 $251,080,000 98,362.7% 0.6%
DHI MORTGAGE COMPANY, LTD. $172,800,000 $249,910,000 44.6% 0.6%
Regions Bank $400,660,000 $244,635,000 -38.9% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $299,795,000 $223,630,000 -25.4% 0.5%
HOME POINT FINANCIAL CORPORATION $494,645,000 $217,075,000 -56.1% 0.5%
INDIANA UNIVERSITY CREDIT UNION $204,740,000 $216,390,000 5.7% 0.5%
PULTE MORTGAGE LLC $218,515,000 $213,770,000 -2.2% 0.5%
INTERRA CREDIT UNION $242,475,000 $209,085,000 -13.8% 0.5%
UNION HOME MORTGAGE CORP. $315,375,000 $206,095,000 -34.7% 0.5%
Notre Dame Federal Credit Union Corporation $261,150,000 $205,845,000 -21.2% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $331,155,000 $204,010,000 -38.4% 0.5%
Centra Credit Union $256,515,000 $201,345,000 -21.5% 0.4%
WALKER & DUNLOP, LLC $150,290,000 $200,335,000 33.3% 0.4%
AMERISAVE MORTGAGE CORPORATION $394,625,000 $186,410,000 -52.8% 0.4%
PENNYMAC LOAN SERVICES, LLC $379,310,000 $184,345,000 -51.4% 0.4%
U.S. Bank $252,880,000 $180,805,000 -28.5% 0.4%
BMO Harris Bank $176,190,000 $179,945,000 2.1% 0.4%
MORTGAGE MASTERS OF INDIANA, INC. $265,510,000 $171,890,000 -35.3% 0.4%
Farm Credit Mid-America, ACA $276,200,000 $170,450,000 -38.3% 0.4%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $138,835,000 $169,355,000 22.0% 0.4%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $293,150,000 $167,350,000 -42.9% 0.4%
The National Bank of Indianapolis $173,790,000 $164,600,000 -5.3% 0.4%
NVR Mortgage Finance, Inc. $94,835,000 $163,830,000 72.8% 0.4%
M/I FINANCIAL, LLC $166,665,000 $161,725,000 -3.0% 0.4%
First Financial Bank $155,000 $154,595,000 99,638.7% 0.3%
NAVY FEDERAL CREDIT UNION $179,040,000 $154,230,000 -13.9% 0.3%
NEWREZ LLC $381,725,000 $150,750,000 -60.5% 0.3%
First Internet Bank of Indiana $199,285,000 $150,660,000 -24.4% 0.3%
STAR Financial Bank $222,680,000 $147,445,000 -33.8% 0.3%
Farmers State Bank $119,795,000 $146,565,000 22.3% 0.3%
AMERICAN MORTGAGE SERVICE COMPANY $325,525,000 $143,450,000 -55.9% 0.3%
Capital One $117,050,000 $139,740,000 19.4% 0.3%
Northpointe Bank $163,390,000 $134,420,000 -17.7% 0.3%
BROKER SOLUTIONS, INC. $203,530,000 $131,595,000 -35.3% 0.3%
Busey Bank $128,615,000 n/a 0.3%
Associated Bank $53,315,000 $128,115,000 140.3% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $176,145,000 $125,705,000 -28.6% 0.3%
Jackson County Bank $143,875,000 $125,455,000 -12.8% 0.3%
Bank of America $198,345,000 $123,795,000 -37.6% 0.3%