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 6.93% for the week of 2024-05-16, compared to the national average of 7.02% for the same period.

The average rate for the prior week (2024-05-09) was 7.3% and one month ago for the week of 2024-04-11, the average rate was 6.79%.

Indiana's average rate one year ago was 6.36%.

For refis of the same type during the week of 2024-05-16, the average rate was 7.41%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-16 7.02%
Indiana 30 Year Fixed Rate 2024-05-16 6.93%
Indiana 30 Year Fixed Rate Refi 2024-05-16 7.41%
Indiana 15 Year Fixed Rate 2024-05-16 6.94%
Indiana 15 Year Fixed Rate Refi 2024-05-16 7.31%
Indiana 30 Year FHA 2024-05-16 6.99%
Indiana 30 Year FHA Refi 2024-05-16 6.59%
Indiana 30 Year USDA 2024-05-16 6.91%
Indiana 30 Year USDA Refi 2024-05-16 6.55%
Indiana 30 Year VA 2024-05-16 6.82%
Indiana 30 Year VA Refi 2024-05-16 5.9%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
RUOFF MORTGAGE COMPANY, INC. 3,426 6.92% $3,186
QUICKEN LOANS, LLC 2,570 6.84% $5,695
UNITED WHOLESALE MORTGAGE, LLC 1,945 6.91% $5,254
GVC MORTGAGE, INC. 1,834 7.06% $5,098
JPMorgan Chase Bank 1,616 6.81% $3,479
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,489 7.06% $3,899
EAGLE HOME MORTGAGE, LLC 1,251 5.48% $4,503
CALIBER HOME LOANS, INC. 1,058 6.77% $3,915
The Huntington National Bank 958 6.72% $3,808
HALLMARK HOME MORTGAGE, LLC 953 7.14% $4,688
Fifth Third Bank 931 6.75% $3,414
Three Rivers Federal Credit Union 836 6.97% $2,759
MJW Financial LLC 835 6.97% $4,422
First Merchants Bank 830 6.77% $2,995
NEWREZ LLC 807 7.31% $4,351
CROSSCOUNTRY MORTGAGE, LLC 725 7.15% $5,242
Union Savings Bank 711 6.46% $1,852
First Financial Bank 616 6.83% $3,040
TEACHERS CREDIT UNION 605 7.03% $2,786
Old National Bank 582 6.63% $2,971
EVANSVILLE TEACHERS 565 6.76% $2,750
GUARANTEED RATE, INC. 547 6.85% $4,347
Centier Bank 547 7.13% $2,618
DHI MORTGAGE COMPANY, LTD. 542 5.47% $2,269
PULTE MORTGAGE LLC 485 6.05% $2,018
PNC Bank 442 6.79% $3,138
Centra Credit Union 440 6.46% $2,762
UNION HOME MORTGAGE CORP. 429 7.20% $4,676
Horizon Bank 429 7.14% $2,839
VANDERBILT MORTGAGE AND FINANCE, INC. 425 6.30% $5,931
Elements Financial Federal Credit Union 415 6.55% $3,275
German American Bank 406 6.78% $2,654
MORTGAGE MASTERS OF INDIANA, INC. 403 6.69% $3,168
First Federal Savings Bank 384 7.36% $3,126
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 382 7.00% $4,882
CARDINAL FINANCIAL 373 7.09% $4,452
THRIVE MORTGAGE, LLC 370 6.78% $3,379
FORUM Credit Union 370 6.56% $2,988
Regions Bank 346 6.83% $3,562
INTERRA CREDIT UNION 346 6.43% $2,914
INDIANA MEMBERS CREDIT UNION 332 6.20% $2,944
1st Source Bank 329 6.99% $3,286
Jackson County Bank 323 6.10% $3,529
Wells Fargo Bank 317 6.60% $3,981
Notre Dame Federal Credit Union Corporation 307 6.89% $3,627
PURDUE FEDERAL CREDIT UNION 304 6.65% $2,492
Farm Credit Mid-America, ACA 300 7.11% $5,947
M/I FINANCIAL, LLC 283 6.13% $10,177
Northpointe Bank 281 6.94% $5,582
MOVEMENT MORTGAGE, LLC 280 6.90% $4,848
LOANDEPOT.COM, LLC 271 6.91% $5,513
Flagstar Bank, FSB 266 7.09% $4,061
Wolfe Financial, Inc 266 7.14% $4,066
FIRST COMMUNITY MORTGAGE, INC. 259 7.25% $5,075
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 257 7.04% $5,227
Mr. Cooper ( Nationstar Mortgage ) 248 6.88% $7,325
U.S. Bank 248 6.81% $3,368
First Savings Bank 247 6.72% $3,350
INDIANA UNIVERSITY CREDIT UNION 246 6.36% $2,019
STOCKTON MORTGAGE CORPORATION 227 7.03% $4,142
First Farmers Bank and Trust Company 219 7.44% $2,358
CHURCHILL MORTGAGE CORPORATION 217 7.15% $4,890
First Financial Bank 211 7.15% $3,207
PENNYMAC LOAN SERVICES, LLC 203 6.66% $5,158
The Federal Savings Bank 201 6.93% $5,892
STAR Financial Bank 200 6.36% $3,030
AMERICAN FINANCIAL NETWORK, INC. 196 7.02% $4,694
First Federal Savings Bank 195 6.57% $2,478
KeyBank 195 6.74% $3,730
BROKER SOLUTIONS, INC. 187 7.10% $6,076
TUCKER MORTGAGE, LLC 180 7.05% $3,474
FIRST CENTENNIAL MORTGAGE CORPORATION 172 6.70% $4,012
Heritage Federal Credit Union 172 6.91% $2,449
Bank of England 170 6.95% $4,933
NAVY FEDERAL CREDIT UNION 164 6.82% $3,252
ProFed Federal Credit Union 159 6.29% $2,374
GENEVA FINANCIAL, LLC 158 7.06% $4,682
ROYAL UNITED MORTGAGE LLC 158 6.97% $6,516
MILESTONE HOME LENDING, LLC 158 7.06% $4,478
Stock Yards Bank & Trust Company 156 6.06% $2,784
Northwest Bank 155 6.47% $3,151
Lake City Bank 153 6.70% $2,678
The State Bank and Trust Company 148 6.65% $3,249
Bank of America 141 6.48% $3,372
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 139 6.94% $5,134
NVR Mortgage Finance, Inc. 134 6.13% $6,205
Prosperity Home Mortgage, LLC 133 7.00% $3,315
The Farmers & Merchants State Bank 132 6.53% $3,737
The Riddell National Bank 132 6.41% $2,579
Merchants Bank of Indiana 130 6.39% $2,862
University Bank 129 6.72% $5,353
CRANE 129 6.78% $1,801
Peoples Bank 129 6.81% $4,210
FREEDOM MORTGAGE CORPORATION 127 7.01% $6,670
First Harrison Bank 126 6.74% $2,803
AMERICAN PACIFIC MORTGAGE CORPORATION 126 7.15% $5,215
PRIMELENDING, A PLAINSCAPITAL COMPANY 126 7.02% $4,820
AMERISAVE MORTGAGE CORPORATION 126 6.51% $7,717
Citizens Bank 125 6.81% $4,226
DIRECT MORTGAGE LOANS, LLC 125 6.82% $8,377
BEACON CREDIT UNION 124 6.51% $2,205
Crossroads Bank 124 6.24% $1,636
Nations Lending Corporation 118 7.04% $4,120
VICTORY MORTGAGE, L.L.C. 118 6.29% $2,624
Security Federal Savings Bank 113 6.83% $2,219
First Bank Richmond 111 6.30% $3,189
Civista Bank 110 6.39% $2,777
PROVIDENT FUNDING ASSOCIATES, L.P. 108 6.59% $3,640
First Option Mortgage, LLC 106 7.32% $6,674
TECH Credit Union 106 6.96% $3,573
Mortgage Research Center, LLC 104 6.72% $3,445
GUILD MORTGAGE COMPANY 97 7.35% $4,906
ZILLOW HOME LOANS, LLC 95 7.07% $4,616
LEADERONE FINANCIAL CORPORATION 95 6.97% $4,765
AmeriHome Mortgage Company, LLC 93 6.83% $4,533
MUTUAL OF OMAHA MORTGAGE, INC. 93 6.87% $6,062
BMO Harris Bank 92 6.78% $3,970
Republic Bank & Trust Company 90 6.19% $2,836
The Friendship State Bank 89 6.99% $2,211
First Federal Savings Bank 85 6.75% $2,477
Farmers State Bank 84 7.39% $2,954
FCN Bank 83 6.56% $2,597
Sierra Pacific Mortgage Company, Inc. 82 6.80% $5,886
EVERETT FINANCIAL, INC. 82 7.27% $5,357
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 82 6.88% $3,965
FAIR WAY LENDING LLC 82 6.86% $5,022
Morgan Stanley Private Bank 81 6.02% $2,832
First State Bank of Middlebury 80 6.73% $2,460
USAA Federal Savings Bank 79 6.68% $4,044
UNITED 77 7.00% $3,262
CMG MORTGAGE, INC. 73 7.08% $4,983
PLAZA HOME MORTGAGE, INC. 73 7.10% $4,562
Solidarity Community Federal Credit Union 71 6.69% $1,982
EUSTIS AND AMERICAN MORTGAGE COMPANY 70 7.00% $5,027
FORT FINANCIAL Federal Credit Union 70 6.70% $3,125
DRAPER AND KRAMER MORTGAGE CORP. 69 6.83% $3,445
INOVA FEDERAL CREDIT UNION 69 6.60% $1,852
VAN DYK MORTGAGE CORPORATION 67 6.99% $3,458
Community First Bank of Indiana 67 6.91% $2,726
WesBanco 66 6.51% $5,453
Ixonia Bank 65 7.34% $6,070
INTERLINC MORTGAGE SERVICES, LLC 64 7.06% $3,149
FIRST EQUITY MORTGAGE INCORPORATED 63 6.39% $8,210
NBKC BANK 62 6.81% $2,609
BETTER MORTGAGE CORPORATION 62 6.11% $3,076
HOMESIDE FINANCIAL, LLC 62 7.01% $4,103
PARTNERS 1ST Federal Credit Union 59 6.54% $2,731
NATIONS RELIABLE LENDING, LLC 58 6.78% $4,583
Discover Bank 57 7.14% $0
Carrington Mortgage Services, LLC 56 6.53% $7,044
Advisors Mortgage Group, L.L.C. 56 6.75% $2,317
PARK COMMUNITY CREDIT UNION, INC. 53 6.71% $2,326
AMERICAN PORTFOLIO MORTGAGE CORPORATION 53 6.87% $4,364
Magnolia Bank 53 6.78% $5,334
SIRVA MORTGAGE, INC. 53 6.78% $1,091
MEMBER FIRST MORTGAGE, LLC 52 6.96% $3,255
Truist 50 6.71% $4,119
Mutual Savings Bank 49 5.40% $5,425
Barrington Bank & Trust Company, N.A. 49 7.23% $4,112
The Fountain Trust Company 49 7.20% $2,124
American Mortgage & Equity Consultants, Inc. 48 7.14% $4,285
MICHIGAN MUTUAL, INC. 48 7.17% $5,288
Greenfield Banking Company 46 6.65% $2,934
L & N Federal Credit Union 46 6.82% $2,018
PHH Mortgage Corporation 46 6.83% $5,371
Busey Bank 45 6.66% $2,635
V.I.P. MORTGAGE, INC. 45 7.05% $4,966
First National Bank of America 45 10.17% $7,743
LAKE MORTGAGE COMPANY INC 45 6.83% $3,334
Pacor Mortgage Corp 44 6.80% $5,023
ACADEMY MORTGAGE CORPORATION 44 7.07% $4,908
Plains Commerce Bank 44 6.73% $4,696
PROPER RATE, LLC 44 6.90% $4,014
Ally Bank 42 6.38% $5,228
MIDWEST AMERICA 41 7.05% $2,569
DAS Acquisition Company, LLC 39 7.08% $4,977
Neighborhood Loans, Inc. 38 7.09% $4,687
Citizens State Bank of New Castle 38 7.56% $2,326
Gateway First Bank 37 6.79% $4,482
Third Federal Savings and Loan Association of Cleveland 36 5.86% $2,154
First Internet Bank of Indiana 33 6.19% $2,331
Guardian Savings Bank, A Federal Savings Bank 33 6.49% $2,401
BAY EQUITY LLC 32 6.69% $4,900
NATIONWIDE MORTGAGE BANKERS, INC. 32 6.86% $5,608
FLAT BRANCH MORTGAGE, INC. 32 7.40% $3,547
ENDEAVOR CAPITAL, LLC. 31 6.91% $5,771
First Savings Bank of Hegewisch 31 5.75% $2,606
ARK-LA-TEX FINANCIAL SERVICES, LLC. 30 7.06% $3,970
PREMIA MORTGAGE, LLC 29 6.45% $1,269
Flanagan State Bank 29 7.04% $4,241
ENVOY MORTGAGE, LTD 29 7.11% $3,760
EVERENCE FEDERAL CREDIT UNION 29 8.26% $2,298
Paramount Residential Mortgage Group, Inc. 29 7.49% $6,782
Century Mortgage Company DBA Century Lending Company 28 7.07% $6,137
Fire Police City County Federal Credit Union 28 7.06% $2,563
POLARIS HOME FUNDING CORP. 28 7.12% $6,006
Baxter Credit Union 27 6.58% $2,836
Farmers and Mechanics Federal Savings Bank 27 7.08% $1,571
SUCCESS MORTGAGE PARTNERS, INC. 27 6.73% $6,163
PENTAGON FEDERAL CREDIT UNION 26 6.42% $3,833
Blue Ridge Bank 26 7.08% $3,624
Stifel Bank and Trust 26 6.10% $2,027
COMPASS MORTGAGE, INC. 25 6.92% $5,478
GREENSTATE CREDIT UNION 25 6.53% $3,065
Circle Federal Credit Union 25 6.97% $3,110
OPEN MORTGAGE, LLC 24 7.19% $6,411
LAKEVIEW LOAN SERVICING, LLC 24 6.99% $6,593
First Federal Bank of the Midwest 23 6.08% $2,593
GUARANTEED RATE AFFINITY, LLC 23 6.69% $4,020
CIBM Bank 22 6.95% $5,051
LAKE MICHIGAN CREDIT UNION 22 6.01% $3,418
Providence Bank & Trust 22 6.69% $2,585
RAPID MORTGAGE COMPANY 22 7.31% $8,506
AMERICAN FINANCING CORPORATION 22 6.70% $6,918
Grand Bank for Savings, FSB 21 9.54% $4,224
The Loan Store, Inc. 20 7.04% $4,475
Cincinnati Federal 19 6.17% $3,196
United Fidelity Funding Corp. 19 6.66% $11,947
UBS Bank USA 19 6.18% $3,272
Equity Prime Mortgage LLC 18 6.79% $6,065
GUIDANCE RESIDENTIAL, LLC 18 7.22% $4,344
Warsaw Federal Savings and Loan Association 18 6.74% $4,349
ON Q FINANCIAL, INC. 18 7.24% $4,932
GSF Mortgage Corporation 17 6.53% $4,049
M&T Bank 17 6.98% $5,264
PRIMARY RESIDENTIAL MORTGAGE, INC. 17 7.16% $5,676
THE ANDERSON FINANCIAL GROUP, INC. 17 6.66% $3,785
MORTGAGE ACCESS CORP. 17 6.89% $6,653
JLB CORPORATION 17 6.85% $5,840
1786 16 6.75% $3,230
21ST MORTGAGE CORPORATION 16 8.48% $5,071
ALLIED MORTGAGE GROUP, INC. 16 6.96% $5,671
ARC HOME LLC 16 8.34% $9,650
Atlantic Union Bank 16 6.67% $3,394
NexBank 16 7.82% $5,997
PLANET HOME LENDING, LLC 16 6.48% $5,485
Raymond James Bank 16 5.62% $2,762
Servion, Inc. 16 6.73% $3,717
UIF CORPORATION 16 7.01% $3,592
Community Mortgage Banc Corporation 15 6.94% $3,087
BOONVILLE FEDERAL SAVINGS BANK 15 7.69% $2,906
MYCUMORTGAGE, LLC 15 7.56% $3,517
LOANPAL, LLC 15 6.90% $6,697
Independent Federal Credit Union 15 6.69% $2,699
DEEPHAVEN MORTGAGE LLC 15 9.09% $7,306
INSPIRE HOME LOANS INC. 14 6.21% $5,283
PrimeTrust Financial Federal Credit Union 14 6.88% $1,884
First Federal Savings and Loan Association of Lakewood 14 6.27% $4,035
T2 FINANCIAL LLC 13 6.76% $7,910
Citibank 13 6.20% $4,111
GUARANTY HOME MORTGAGE CORPORATION 13 6.53% $3,365
Industrial Federal Credit Union 13 6.99% $2,399
Loan Simple, Inc. 13 3.98% $4,055
Marquette Bank 13 6.47% $4,348
CITIZENS EQUITY FIRST 13 6.38% $1,602
Charles Schwab Bank, SSB 13 5.79% $3,217
KEMBA CREDIT UNION, INC. 13 6.13% $3,154
Arvest Bank 13 6.83% $5,983
Banterra Bank 12 6.88% $2,380
WINGS FINANCIAL 12 5.88% $3,146
RELIANCE FIRST CAPITAL, LLC 12 7.74% $7,793
TOP FLITE FINANCIAL, INC. 11 6.70% $8,161
EVANSVILLE 11 7.08% $2,010
Associated Bank 11 6.43% $3,195
BAYSHORE MORTGAGE FUNDING, LLC 11 7.05% $5,560
CORNERSTONE HOME LENDING, INC. 11 6.93% $3,468
WINTERWOOD MORTGAGE GROUP, LLC 11 6.46% $26,535
Independence Bank of Kentucky 10 6.61% $3,156
Bankers' Bank 10 7.06% $2,666
AmRes Corporation 10 6.66% $6,907
NFM, INC. 10 7.25% $5,485
DEVELOPER'S MORTGAGE COMPANY 10 7.50% $7,543
North American Savings Bank, F.S.B. 10 7.23% $3,741
EMBRACE HOME LOANS, INC. 10 6.53% $5,331
Waterstone Mortgage Corporation 10 6.84% $3,838
BNC National Bank 9 6.14% $3,841
CONSUMERS 9 7.22% $3,280
First Mid Bank & Trust 9 6.36% $3,167
Citadel Servicing Corporation 9 8.90% $10,385
Bethpage Federal Credit Union 9 6.35% $3,569
Key Mortgage Services, Inc. 9 7.00% $4,316
FINANCIAL BUILDERS Federal Credit Union 9 7.90% $1,597
LENOX FINANCIAL MORTGAGE CORPORATION 9 6.76% $4,689
First Federal Bank 8 6.77% $4,150
GENERAL ELECTRIC CREDIT UNION 8 5.75% $2,745
HOMESTEAD FUNDING CORP. 8 6.30% $2,691
PACIFIC RESIDENTIAL MORTGAGE, LLC 8 6.62% $7,749
NUMARK CREDIT UNION 8 6.72% $2,336
DELMAR FINANCIAL COMPANY 8 7.00% $4,276
DIGITAL Federal Credit Union 8 6.16% $3,797
Ameris Bank 7 6.89% $3,234
FIRST STATE MORTGAGE SERVICES, LLC 7 6.89% $2,829
Allied First Bank,sb 7 6.23% $5,004
EMM LOANS LLC 7 6.66% $9,188
The Park National Bank 7 6.80% $2,681
Dollar Bank, Federal Savings Bank 7 6.91% $5,383
OCMBC, INC. 7 9.25% $11,074
CHERRY CREEK MORTGAGE, LLC 7 6.82% $623
PANORAMA MORTGAGE GROUP, LLC 7 6.88% $6,492
WRIGHT-PATT CREDIT UNION, INC. 6 6.90% $2,798
RBC Bank, (Georgia) 6 5.69% $1,268
CREDIT UNION MORTGAGE ASSOCIATION, INC. 6 6.17% $3,619
CROWN MORTGAGE COMPANY 6 6.85% $6,265
FBC MORTGAGE, LLC 6 6.27% $6,161
Mortgage Assurance Inc. 6 7.17% $4,025
MORTGAGE 1 INCORPORATED 6 6.71% $3,793
Farmers Bank & Trust 6 6.29% $2,632
General Mortgage Capital Corporation 6 7.10% $3,673
ALLIANT CREDIT UNION 6 6.81% $3,365
OMNI Community Credit Union 6 6.44% $4,641
Independent Bank 6 6.63% $2,772
ALAMEDA MORTGAGE CORPORATION 6 7.00% $4,192
Honor Credit Union 6 7.58% $3,186
HOMEXPRESS MORTGAGE CORP. 6 8.81% $7,366
CINFED Federal Credit Union 6 6.46% $3,337
Chiphone Federal Credit Union 6 6.40% $3,170
POINT Mortgage 6 7.62% $4,093
1ST SIGNATURE LENDING, LLC 6 6.50% $6,438
Quontic Bank 6 9.31% $9,226
LENDSURE MORTGAGE CORP. 5 8.45% $12,759
Goldman Sachs Bank USA 5 5.29% $3,662
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 7.20% $4,918
LCNB National Bank 5 7.30% $2,838
Madison County Federal Credit Union 5 7.95% $3,144
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 5 6.48% $4,117
Deere Employees Credit Union 5 6.08% $2,663
OAK MORTGAGE, LLC 5 7.08% $3,134
CNB Bank And Trust, N.A. 5 5.59% $2,877
Paramount Bank 5 7.15% $2,108
City National Bank 5 6.41% $3,768
PARLAY MORTGAGE & PROPERTY, INC. 5 6.90% $5,795
SECURITYNATIONAL MORTGAGE COMPANY 5 7.22% $9,720
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 7.55% $4,585
TJC Mortgage, Inc. 5 7.65% $6,968
Toyota Financial Savings Bank 5 7.08% $3,095
AMERICAN INTERNET MORTGAGE, INC. 5 6.28% $2,959
1st National Bank 5 7.45% $6,421
AMERICAN FINANCE HOUSE LARIBA 5 6.55% $2,755
United Fidelity Bank, fsb 5 5.63% $2,686
UNITED HOME LOANS, INC. 5 7.35% $4,924
CANOPY MORTGAGE, LLC 4 6.65% $4,191
Superior Credit Union, Inc. 4 6.53% $3,171
First State Bank of St. Charles, Missouri 4 6.91% $2,919
Heritage Bank 4 6.41% $5,892
FIRST TRUST 4 8.19% $2,460
TOWNE MORTGAGE COMPANY 4 7.09% $4,789
Beeline Loans, Inc. 4 7.44% $4,798
First Commonwealth Bank 4 6.34% $3,446
NEXERA HOLDING LLC 4 9.38% $9,683
Colonial Savings, F.A. 4 7.03% $5,095
Florida Capital Bank 4 6.53% $5,115
Evolve Bank & Trust 4 6.81% $3,912
A&D Mortgage LLC 4 7.38% $14,060
FEDEX EMPLOYEES CREDIT ASSOCIATION 4 6.84% $3,461
Goldwater Bank, N.A. 4 6.75% $5,617
COMMONWEALTH 4 6.53% $2,405
BNY Mellon 4 6.34% $5,232
HSBC BANK USA, NATIONAL ASSOCIATION 4 6.61% $3,966
AXIA FINANCIAL, LLC 4 7.31% $7,327
PLUS RELOCATION MORTGAGE, LLC 4 6.91% $3,137
HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.94% $2,874
UNIFY FINANCIAL Credit Union 4 6.90% $2,529
CIBC Bank USA 4 5.47% $5,413
HONDA Federal Credit Union 4 6.41% $2,133
Meridian Bank Corporation 3 6.50% $5,196
First Horizon Bank 3 6.50% $3,708
NORWICH COMMERCIAL GROUP, INC. 3 6.71% $7,433
Commerce Home Mortgage, Inc. 3 8.50% $9,099
NOVA FINANCIAL & INVESTMENT CORPORATION 3 6.92% $3,726
Midland States Bank 3 6.25% $5,736
Heartland Bank 3 6.92% $4,363
MLD MORTGAGE INC. 3 6.71% $3,443
OAKTREE FUNDING CORP. 3 7.67% $8,945
Academy Bank 3 6.50% $2,219
Central Bank 3 6.29% $2,177
Abound Federal Credit Union 3 6.17% $2,166
POLISH & SLAVIC FEDERAL CREDIT UNION 3 5.54% $2,568
First United Bank and Trust Company 3 7.29% $3,474
Directions Credit Union, Inc. 3 6.63% $0
First Western Trust Bank 3 6.58% $3,913
Morton Community Bank 3 6.71% $2,432
MID AMERICA MORTGAGE, INC. 3 6.58% $2,550
ANGEL OAK MORTGAGE SOLUTIONS LLC 3 8.96% $10,103
First National Bank of Omaha 3 7.21% $3,360
THE EQUITABLE MORTGAGE CORPORATION 3 6.67% $3,300
NATIONS DIRECT MORTGAGE, LLC 3 7.83% $6,635
The Dart Bank 3 6.83% $3,161
LAND HOME FINANCIAL SERVICES, INC. 3 6.88% $4,110
Encompass Lending Group, LP 3 7.25% $4,853
GREAT LAKES 3 6.67% $5,365
SUN WEST MORTGAGE COMPANY, INC. 3 7.04% $3,488
Strong Home Mortgage, LLC 3 7.00% $3,906
NETWORK CAPITAL FUNDING CORPORATION 3 7.00% $5,325
Somerville Bank 3 6.63% $2,654
Wyndham Capital Mortgage, Inc. 3 6.17% $4,818
SeaTrust Mortgage Company 3 7.08% $5,431
Renasant Bank 3 6.42% $3,768
SUMMIT FUNDING, INC. 2 7.81% $5,639
Midwest BankCentre 2 6.94% $2,636
Minster Bank 2 6.31% $2,072
DELTA COMMUNITY CREDIT UNION 2 6.56% $3,158
KELLER MORTGAGE, LLC 2 5.75% $2,715
CRESCENT MORTGAGE COMPANY 2 6.69% $3,470
ISU Federal Credit Union 2 7.44% $2,118
Cornerstone First Mortgage, Inc 2 7.25% $8,430
First American Bank 2 7.19% $3,470
NORTHERN MORTGAGE SERVICES, LLC 2 6.56% $5,762
First Bank 2 7.81% $8,622
NP, Inc. 2 7.69% $12,317
Commerce Bank 2 6.69% $2,511
INB 2 6.25% $2,871
OPTION FINANCIAL, LLC 2 7.19% $3,250
WESCOM CENTRAL CREDIT UNION 2 7.25% $2,846
Peoples Bank 2 6.48% $3,262
Pinnacle Bank 2 7.13% $4,431
CHEVRON 2 6.81% $3,723
FIRST COLONY MORTGAGE CORPORATION 2 6.94% $2,051
RESIDENTIAL BANCORP 2 7.81% $8,161
RiverHills Bank 2 6.88% $2,833
Blackhawk Bank 2 7.00% $3,252
First International Bank & Trust 2 6.50% $4,978
Bell Bank 2 7.31% $4,363
Bank of Springfield 2 6.69% $2,247
Bank Five Nine 2 7.38% $2,474
The Central Trust Bank 2 6.25% $7,704
The Citizens National Bank of Bluffton 2 7.19% $2,077
Axos Bank 2 6.50% $4,047
The First National Bank of Ottawa 2 7.38% $5,058
THE MORTGAGE WAREHOUSE,LLC 2 6.25% $2,775
The Union Bank Company 2 5.88% $6,574
First National Bank of Pennsylvania 2 6.69% $3,033
Gold Coast Bank 2 7.49% $6,784
THRIVENT Federal Credit Union 2 6.50% $7,588
TRANSCEND 2 5.63% $0
AMCAP MORTGAGE, LTD. 2 6.31% $4,687
FIRST NORTHERN Credit Union 2 7.19% $4,097
Alerus Financial 2 6.75% $3,129
LIBERTY HOME MORTGAGE CORPORATION 2 7.25% $5,308
Leader Bank 2 6.50% $3,351
East Coast Capital Corp. 2 7.69% $10,272
Mercantile Bank of Michigan 2 6.75% $2,919
Eagle Savings Bank 2 6.88% $2,641
EQUITY RESOURCES, INC. 2 7.56% $3,615
Watermark Capital, Inc. 2 6.63% $6,238
First Federal Bank, A FSB 1 5.88% $7,073
Northwest Federal Credit Union 1 5.38% $1,597
First Federal Bank of Kansas City 1 6.88% $3,038
First Federal Savings Bank 1 6.13% $3,201
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 7.75% $4,367
First Financial Credit Union 1 7.13% $3,553
Northwest Bank 1 7.50% $6,161
Nicolet National Bank 1 7.25% $2,905
BM Real Estate Services, Inc. 1 7.50% $5,127
GENISYS 1 5.88% $2,191
MIDFLORIDA 1 7.13% $2,332
ROSS MORTGAGE CORPORATION 1 7.25% $6,388
BMI Federal Credit Union 1 7.50% $2,192
Alcova Mortgage LLC 1 6.75% $5,929
S1L, Inc. 1 6.63% $5,988
SCOTT CREDIT UNION 1 6.13% $2,181
INTERCAP LENDING INC. 1 6.88% $2,940
First State Bank 1 6.75% $5,209
Wilmington Savings Fund Society, FSB 1 7.75% $5,113
SECURITY SERVICE 1 6.63% $5,996
Semper Home Loans, Inc. 1 7.13% $3,596
FIDELITY BANK 1 6.75% $2,923
Valley National Bank 1 6.63% $3,466
Simmons Bank 1 5.63% $1,387
BELEM SERVICING LLC 1 5.75% $4,130
Community Trust Bank, Inc. 1 6.13% $1,561
Network Funding, L.P. 1 6.88% $5,470
SOUTH CENTRAL BANK, INC. 1 7.25% $2,426
South State Bank 1 6.38% $3,210
Specialized Loan Servicing LLC 1 7.88% $2,782
Greenville Federal 1 6.25% $2,476
STAR ONE CREDIT UNION 1 5.75% $2,045
S&T Bank 1 6.00% $3,159
FIRST MORTGAGE COMPANY, INC. 1 8.00% $15,082
AHL FUNDING 1 6.38% $6,316
Bank of Pontiac 1 6.38% $2,278
Connexus Credit Union 1 7.99% $2,311
Bank of Clarke County 1 6.88% $3,629
Mid-Atlantic Federal Credit Union 1 6.50% $2,589
Sunflower Bank 1 6.99% $3,922
INTOUCH CREDIT UNION 1 8.13% $7,931
NBH Bank 1 7.13% $3,189
Great Southern Bank 1 6.63% $2,855
Bank-Fund Staff Federal Credit Union 1 5.63% $8,143
AFFINITY 1 5.38% $4,212
CONSUMERS COOPERATIVE CREDIT UNION 1 7.13% $2,744
The Bank of South Carolina 1 7.75% $8,541
The Cecilian Bank 1 7.03% $2,498
Vibrant Credit Union 1 5.63% $2,576
ADVANCIAL 1 7.38% $7,418
CORPORATE AMERICA FAMILY 1 6.25% $3,459
NASA Federal Credit Union 1 6.13% $4,212
BancorpSouth 1 5.88% $3,024
The Farmers National Bank of Canfield 1 6.88% $2,868
F&A Federal Credit Union 1 6.99% $774
The Fidelity Deposit and Discount Bank 1 7.38% $4,981
MICHIGAN FIRST CREDIT UNION 1 6.00% $2,525
Fidelity Bank 1 7.00% $3,897
Wilson & Muir Bank & Trust Company 1 6.99% $2,021
Assurance Financial Group, L.L.C. 1 6.88% $4,376
Grand Valley Bank 1 7.00% $5,144
Fortress Bank 1 7.25% $3,285
The North Side Bank & Trust Company 1 6.63% $2,166
County National Bank 1 7.00% $3,864
Credit Union 1 1 6.38% $3,725
The State Bank 1 6.00% $2,561
CREDIT UNION ONE 1 6.38% $2,713
Legends Bank 1 6.88% $3,987
ANDREWS FEDERAL CREDIT UNION 1 7.13% $3,285
Midwest Mortgage Associates Corporation 1 6.50% $7,201
MidFirst Bank 1 6.85% $4,209
Adams Bank & Trust 1 6.63% $3,175
First State Community Bank 1 6.75% $2,720
GERSHMAN INVESTMENT CORP. 1 7.38% $2,707
TOTAL MORTGAGE SERVICES, LLC 1 6.75% $4,268
JET DIRECT FUNDING CORP 1 7.38% $7,591
Town Square Mortgage & Investments, Inc. 1 7.63% $3,822
FOUNDATION MORTGAGE CORPORATION 1 9.13% $12,505
Traditional Bank, Inc. 1 6.13% $2,183
EASTMAN 1 7.63% $3,000
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 6.00% $5,802
TRUWEST Credit Union 1 6.75% $3,603
AMERICAN HERITAGE LENDING, INC. 1 9.13% $11,600
AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $3,485
KEMBA FINANCIAL 1 5.63% $6,126
UMB Bank 1 5.59% $1,800
MORIA DEVELOPMENT, INC. 1 7.38% $11,800
KINECTA 1 6.13% $3,737
Union Savings And Loan Association 1 6.00% $1,722
Marine Bank 1 6.75% $1,944
UNION SQUARE 1 6.88% $3,605
Amarillo National Bank 1 6.63% $2,611
United Community Bank 1 6.50% $1,873
Willamette Valley Bank 1 7.00% $5,290
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.50% $3,199
First Bank & Trust 1 6.50% $4,518
Western Ohio Mortgage Corporation 1 7.00% $5,574
Hometown Equity Mortgage, LLC 1 7.50% $9,827
Forcht Bank 1 6.50% $2,406
Peoples National Bank , N.A. 1 7.63% $3,085
Home State Bank 1 6.87% $2,448
Midwest Heritage Bank FSB 1 7.25% $2,131
City National Bank of Florida 1 6.00% $3,436
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION 1 5.38% $3,458
First-Citizens Bank & Trust Company 1 5.50% $3,806
CITYWIDE HOME LOANS, LLC 1 6.99% $3,771
Chicago Mortgage Solutions LLC 1 5.45% $2,811
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.25% $6,638
ML Mortgage Corp. 1 7.75% $16,895
Clearview Federal Credit Union 1 6.89% $2,340
United Nations Federal Credit Union 1 7.38% $3,520
PREMIER MORTGAGE RESOURCES, L.L.C. 1 9.50% $6,952
Presidential Bank, FSB 1 7.63% $9,267
ONY GLO, INC. 1 6.50% $2,860
Cf Bank 1 8.25% $6,219
IAA Credit Union 1 7.25% $2,076
Central Bank 1 7.38% $3,733
Old Second National Bank 1 5.75% $3,050
Centennial Bank 1 6.00% $3,371
CASTLE & COOKE MORTGAGE, LLC 1 7.88% $7,021
CapStar Bank 1 7.50% $3,443
OCEANSIDE MORTGAGE COMPANY 1 5.38% $4,192
Bryant Bank 1 6.63% $8,531
FirstBank 1 7.25% $4,159

Indiana Average Closing Costs & Other Stats

Indiana's 568 lenders originated 147,336 loans during 2023. The total origination value was $34,007,350,000, with an average loan value of $230,815.

Indiana's average closing costs are $3,911.

The top Indiana lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 3,426 loans originated. Their average total fees are $3,186, which is $2,509 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Indiana lenders (with over 10 loans originated) are Discover Bank ($0), SIRVA MORTGAGE, INC. ($1,091), PREMIA MORTGAGE, LLC ($1,269), Farmers and Mechanics Federal Savings Bank ($1,571) and CITIZENS EQUITY FIRST ($1,602).

The lowest rate Indiana lenders (with over 10 loans originated) are Loan Simple, Inc. (3.98%), Mutual Savings Bank (5.40%), DHI MORTGAGE COMPANY, LTD. (5.47%), EAGLE HOME MORTGAGE, LLC (5.48%) and Raymond James Bank (5.62%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Three Rivers Federal Credit Union $1,994,460,000 $3,156,205,000 58.2% 9.3%
QUICKEN LOANS, LLC $1,704,955,000 $1,173,530,000 -31.2% 3.5%
RUOFF MORTGAGE COMPANY, INC. $1,781,050,000 $1,129,595,000 -36.6% 3.3%
Merchants Bank of Indiana $1,059,380,000 $964,670,000 -8.9% 2.8%
UNITED WHOLESALE MORTGAGE, LLC $878,130,000 $834,230,000 -5.0% 2.5%
GVC MORTGAGE, INC. $827,935,000 $647,425,000 -21.8% 1.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $830,665,000 $643,080,000 -22.6% 1.9%
Centier Bank $688,210,000 $628,855,000 -8.6% 1.8%
Old National Bank $738,245,000 $612,870,000 -17.0% 1.8%
EAGLE HOME MORTGAGE, LLC $372,380,000 $559,600,000 50.3% 1.6%
The Huntington National Bank $799,400,000 $524,940,000 -34.3% 1.5%
First Merchants Bank $685,105,000 $516,835,000 -24.6% 1.5%
Fifth Third Bank $812,085,000 $476,785,000 -41.3% 1.4%
JPMorgan Chase Bank $698,660,000 $462,590,000 -33.8% 1.4%
Lake City Bank $431,210,000 $438,880,000 1.8% 1.3%
CALIBER HOME LOANS, INC. $1,025,865,000 $437,635,000 -57.3% 1.3%
Mortgage Research Center, LLC $445,620,000 $403,910,000 -9.4% 1.2%
First Financial Bank $154,595,000 $396,630,000 156.6% 1.2%
NEWREZ LLC $150,750,000 $363,105,000 140.9% 1.1%
PNC Bank $1,012,805,000 $350,920,000 -65.4% 1.0%
HALLMARK HOME MORTGAGE, LLC $444,020,000 $338,045,000 -23.9% 1.0%
CROSSCOUNTRY MORTGAGE, LLC $429,830,000 $335,340,000 -22.0% 1.0%
MJW Financial LLC $362,355,000 $311,555,000 -14.0% 0.9%
Union Savings Bank