5 Best Mortgage Lenders in Indiana 2019
If you’re a repeat or first time home buyer looking to purchase a home in Indiana, there are some amazing mortgage solutions available to you. Indiana is home to around 6.6 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 11.1 percent between December of 2017 through 2018 and are forecasted to rise another 3.4% through 2019.
The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, whether you’re looking for fixed rate or adjustable rate mortgages, FHA, VA, or USDA home loan options that offer amazing benefits like low interest rates or flexible down payment requirements, loans to cover the purchase and repair of a home, or even a large enough jumbo loan to purchase your dream home outright, The first step is to find the right lender.
In this article, we’ll review the best mortgage lenders in the state of Indiana, and how they can help you on your quest to home ownership.
#1 Indiana Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitation a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
#2 Indiana Mortgage Lender: J P Morgan Chase Bank
Chase Bank is a big name both in and out of the home finance industry. Throughout the region, Chase is highly commended by previous clients as being an incredible mortgage lender, who gets the job done as advertised.
Finding a nationally acclaimed bank on a top 5 list shouldn't come as that much of a surprise, but when it comes to mortgage, often times the larger institutions are less willing to go above and beyond for home buyers. Luckily, Chase is the exception.
Chase has countless years of experience with and an impressive volume of conventional and government-insured mortgages under its belt. Home buyers can expect personalized service and readily available advisers while working with the financial giant.
#3 Indiana Mortgage Lender: Academy Mortgage Corporation
Academy Mortgage Corporation has been around since 1988, and has made a name for themselves on a national scale. The company is committed to responsible lending practices, especially with the ever-changing economy of today.
Unlike many mortgage brokers around, Academy Mortgage Corporation has the advantage of being a direct mortgage lender. This means that they handle all loan processing, underwriting, closings, and funding at their local branch offices.
Being a direct lender, means being able to close mortgage loan transactions as efficiently and quickly as possible, sometimes even in a matter of days! With the security and efficiency of their in-house loan origination and management, they are one of the best when it comes to speedy and affordable home financing!
#4 Indiana Mortgage Lender: Summit Mortgage, Inc.
As a company whose motto is “It has never been about us”, Summit Mortgage truly puts their clients before anything else. The team at Summit is well aware of just how stressful a mortgage transaction can be, so they endeavor to create a simple, fast, and easy mortgage experience for home buyers.
Summit Mortgage’s website is incredibly informational, with tons of insight on may different loan types, including conventional, FHA, and VA loans. There even offer guidance on any mortgage product that they offer, from any of their loan officers at home buyer’s choosing.
Past clients all seem to acknowledge the down to earth, honest, and hard-working nature of the loan officers from Summit Mortgage, and above all, the simplicity of the mortgage transaction.
#5 Indiana Mortgage Lender: Caliber Home Loans
A relative newcomer to the home finance market, Caliber Home Loans truly hit the ground running -- at top speed. For a company that has only been around since 2013, Caliber has made quite a reputation for itself as one of the top mortgage lenders in the region approved to originate all types of mortgages, including FHA, and VA mortgages.
The Caliber team is often lauded for their knowledge and sincerity during the mortgage transactions that they conduct. Getting a home loan can be particularly stressful, but the loan officers at Caliber are well known for keeping their borrowers informed and making sure home buyers never miss a beat during the mortgage transaction.
Home buyers can count on concise, and rapid responses to any questions that may come up during the mortgage process. With their new app, the mortgage preapproval and application process has been made even easier! A stunning dedication to providing home buyers with mortgage loans that are affordable and align with their goals is evident with the glowing pool of user reviews since Caliber’s birth only 6 years ago.
Best Indiana Mortgage Lender Picks 2019:
Best for First Time Home Buyers: Academy Mortgage Corporation
Best Online Experience: Caliber Home Loans
Best Local Lender: Summit Mortgage, Inc.
Best Face-to-Face Experience: J P Morgan Chase Bank
Best Overall Performance: Fairway Independent Mortgage Corporation
Shop Around Before You Get an Indiana Home Loan
Our picks for the best mortgage lenders in Indiana may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!