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If you’re thinking of buying a home in Hoosier, you’re in good company.Indiana is 2.9 million residential unit Home ownership is 69.3%, according to the U.S. Census Bureau’s 2019 American Community Survey.
The state’s typical home price is $185,805, below the national median home sale price of $329,000. In-state home prices vary by region, offering a variety of options for Indiana’s 6.8 million residents.
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Homefinity was launched in 2018 as the online lending arm of Fairway Independent Mortgage. We offer a variety of mortgage products, including traditional mortgages, Federal Housing Administration and Veterans Affairs mortgages, and mortgage refinances.
Caliber Home Loans of Coppell, Texas offers mortgage products nationwide. Options include conventional, variable rate, jumbo, refinance, Federal Housing Administration, USDA, and Veterans Affairs loans. Caliber has been in business since his 2008 and is dedicated to mortgage products.
Founded in 2007, Carrington Mortgage Services offers a range of mortgage and refinancing options to borrowers seeking traditional or government-sponsored loans. California-based parent company Carrington Holding Co. was founded in 2003 and offers a variety of real estate services. Carrington Mortgage Services is based in California with offices in Arizona, Connecticut, Florida, Indiana and Maryland.
The Department of Defense Federal Credit Union, popularly known as PenFed, offers borrowers access to various types of mortgages. Conventional, floating rate, jumbo, and VA, as well as refinancing loans and home equity lines of credit. The financial institution, which serves 2.5 million members, was founded in 1935 and is based in McLean, Virginia.
Headquartered in Charlotte, North Carolina, Truist Bank was formed following the merger of SunTrust Bank and BB&T Bank in 2019. Truist Bank offers a variety of mortgage products, including refinancing and home equity lines of credit.
Chase, one of the world’s largest banks, was founded in New York in 1799 and offers mortgages and refinancing loans.
AmeriSave Mortgage Corp. is an online lender that has been in business since 2002. He is one of the first companies to offer his customers an offsite digital his mortgage experience. The company says it has financed more than 664,000 borrowers since its inception. AmeriSave is headquartered in Atlanta and provides loans in 49 states and Washington, DC.
Veterans United Home Loans offers home loans in all 50 states and Washington DC and specializes in Veterans Administration loans. Since 2016, Veterans United Home Loans have generated the largest number of VA purchase loans in the country annually. The lender was founded in 2002 and is based in Columbia, Missouri.
PNC Bank is one of the largest banks in the United States, serving more than 9 million customers in all 50 states. A full-service mortgage lender, PNC offers most types of mortgage products.
Currently, the average home loan interest rate in Indiana is 7.29% Fixed loan term of 30 years.
As of November 1, 2022, here are the interest rates offered to Indiana residents looking to buy or refinance a home:
- 30-year subscription: 7.29%
- 30-year fixed referee: 7.26%
- 15-year subscription: 6.04%
- 15-year fixed referee: 5.11%
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Keeping mortgage rates low today can save you thousands of dollars over the life of your loan. Compare mortgage interest rate offers to national average trends.
Is your dream home within reach? US News’ Mortgage Calculator shows you how much you can afford to buy a home.
Indiana home buyers can receive mortgage interest tax credits and help with down payments and closing costs from these programs.
- Available: Those who purchase a house for the first time or those who purchase in the target area.
- Income limit: Varies by county.
- First Time Home Buyers Only?: Yes, unless the property is on a qualifying census track or covered area.
- Loan options: FHA 30 year fixed mortgage.
- Assistance with down payment and closing costs: Down payment subsidy of 6% of the purchase price.
- Income limit: Varies by county.
- First Time Home Buyers Only?: No, unless the buyer is using the Next Home FHA Loan in conjunction with a Mortgage Credit Certificate as a combined program.
- Loan options: FHA 30 year fixed mortgage.
- Assistance with down payment and closing costs: Down payment subsidy of 3.5% of the purchase price.
- advantage: A federal income tax credit that helps homebuyers reduce their federal income tax burden and increase their qualifying income.
- Income limit: Varies by county.
- First Time Home Buyers Only?: Yes, unless you are a qualified veteran or have a property on a qualified census track or covered area.
US News selects the best loan companies by evaluating affordability, borrower eligibility criteria, and customer service. Those with the highest overall scores are considered the best lenders.
To calculate each score, we use data about lenders and their loan offerings, giving greater weight to factors that matter most to borrowers. For mortgage lenders, we take into account each company’s customer service rating, interest rates, loan product availability, minimum down payment, minimum FICO score, and online capabilities.
The weight each scoring element receives is based on a national survey of what borrowers want from lenders.
To be rated, lenders must offer eligible loans nationally and have a strong reputation within the industry. Read more about our methodology.
PrimeLending is a Dallas-based mortgage lender that has been in business since 1986. The company offers multiple mortgage options, including traditional loans, jumbo loans, government-sponsored loans, and refinancing loans. The lender is a subsidiary of PlainsCapital Bank.
Real Genius is a division of FirstBank, a publicly traded bank based in Nashville, Tennessee. Formerly known as ConsumerDirect Mortgage, Real Genius offers both homebuying and refinancing loans.
New American Funding is a mortgage lender that offers a variety of mortgage options to homebuyers and homeowners nationwide except Hawaii. Founded in 2003 and based in Tustin, Calif., the company has originated $61.9 billion in mortgages to date.
Founded in 2011, SoFi is a San Francisco-based online lender that offers fixed-rate mortgages. Refinancing, jumbo loans and home equity loans are also available.
Founded in 1993 and headquartered in San Ramon, California, CMG Financial is a privately held mortgage banking company operating nationwide with localized support. Lenders offer a variety of products, including conventional, government, and specialty mortgages like jumbo loans.
Founded in 1990 and headquartered in Mount Laurel, New Jersey, Freedom Mortgage is a full-service mortgage company. Nationally, he is the fifth largest mortgage provider and is licensed to operate in all 50 states. Freedom Mortgage offers a variety of mortgage options, including traditional loans, refinancing, and first-time homebuyer-friendly programs such as FHA loans.
LoanDepot is a mortgage lender with over 200 branches nationwide, offering both a digital experience and face-to-face service. Lenders offer fixed and variable rate conventional mortgages, Federal Housing Administration and Veterans Affairs loans, refinancing and renovation loans. The company was founded in his 2010 and is based in Foothill Ranch, California.
Alliant Credit Union is a not-for-profit financial cooperative serving customers in all 50 states. Alliant offers products such as conventional, jumbo, refinancing and home equity credit loans, however certain mortgage products may not be available in certain states.
Rocket Mortgage, the largest mortgage lender in the United States, was founded in 1985. The Detroit-based company is best known for the complete digital experience of buying or refinancing a home. Rocket Mortgage will change its name from Quicken Loans in the summer of 2021.
The Navy Federal Credit Union serves more than 11 million active duty and veterans, veterans, members of the Department of Defense and their families. Founded in 1933 and based in Vienna, Virginia, this not-for-profit credit union offers products ranging from credit cards to auto loans. Navy Federal is the largest credit union in the United States, with $160.5 billion in assets and 349 branches worldwide.
Advertising Disclosure: Some of the loan offers on this site are from companies that are advertising clients of US News. Advertising considerations may affect where offers appear on the site, but they do not affect editorial decisions, such as which loan products are described and how they are evaluated. This site does not include all loan companies or all loan offers available in the market.
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