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Safe Rate's TrueRank Guarantee
Our rankings are earned, not bought. We analyze 2,347 lenders using federal HMDA data—no pay-to-play, no cherry-picking. You see the best options based on performance metrics, not advertising dollars.
Best Bank Mortgage Lenders in Indiana
Updated February 6, 2026
Market Overview
30
Total Lenders
20,126
Total Loans
0.31%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|
1 | Old National Bank | Exceptional | Exceptional | Strong | Exceptional | $855 | -0.103% | 1,017 | |
2 | Fifth Third Bank, National Association | Exceptional | Strong | Strong | Exceptional | $787 | +0.353% | 1,342 | |
3 | First Merchants Bank | Exceptional | Strong | Strong | Exceptional | $1,223 | +0.290% | 956 | |
4 | The Huntington National Bank | Strong | Strong | Strong | Strong | $1,093 | +0.440% | 951 | |
5 | PNC Bank, National Association | Strong | Strong | Strong | Strong | -$66 | +0.289% | 554 | |
6 | German American Bank | Strong | Strong | Sound | Exceptional | $804 | +0.148% | 511 | |
7 | U.S. Bank National Association | Strong | Strong | Strong | Strong | $748 | +0.226% | 309 | |
8 | KeyBank National Association | Strong | Strong | Strong | Strong | $1,128 | +0.214% | 276 | |
9 | The State Bank and Trust Company | Strong | Strong | Strong | Strong | $1,054 | +0.162% | 218 | |
10 | JPMorgan Chase Bank, National Association | Strong | Sound | Strong | Exceptional | $1,932 | +0.269% | 2,061 | |
11 | Union Savings Bank | Strong | Sound | Strong | Exceptional | $911 | +0.189% | 790 | |
12 | First Financial Bank | Strong | Sound | Strong | Exceptional | $1,327 | +0.531% | 700 | |
13 | Centier Bank | Strong | Sound | Strong | Exceptional | $655 | +0.522% | 575 | |
14 | Horizon Bank | Strong | Sound | Strong | Exceptional | $1,577 | +0.440% | 468 | |
15 | 1st Source Bank | Strong | Sound | Strong | Exceptional | $1,043 | +0.377% | 433 | |
16 | Wells Fargo Bank, National Association | Strong | Strong | Sound | Strong | $2,204 | +0.161% | 319 | |
17 | Jackson County Bank | Strong | Strong | Sound | Strong | $954 | +0.082% | 272 | |
18 | University Bank | Strong | Sound | Exceptional | Strong | $2,643 | +0.261% | 270 | |
19 | Regions Bank | Strong | Sound | Strong | Strong | $1,570 | +0.473% | 376 | |
20 | First Financial Bank, National Association | Strong | Sound | Strong | Strong | $1,003 | +0.352% | 268 | |
21 | Merchants Bank of Indiana | Strong | Sound | Strong | Strong | $1,347 | +0.237% | 232 | |
22 | First Federal Savings Bank | Strong | Acceptable | Strong | Exceptional | $1,431 | +0.614% | 499 | |
23 | USAA Federal Savings Bank | Strong | Sound | Sound | Strong | $1,726 | -0.149% | 281 | |
24 | STAR Financial Bank | Strong | Sound | Sound | Strong | $1,264 | +0.144% | 227 | |
25 | Magnolia Bank, Incorporated | Strong | Acceptable | Exceptional | Strong | $2,036 | +0.291% | 221 | |
26 | Security Federal Savings Bank | Strong | Sound | Sound | Strong | $742 | +0.365% | 206 | |
27 | Flagstar Bank, N.A. | Strong | Acceptable | Strong | Strong | $1,965 | +0.449% | 483 | |
28 | First Farmers Bank & Trust Co. | Sound | Acceptable | Sound | Strong | $986 | +0.611% | 284 | |
29 | Ixonia Bank | Sound | Mediocre | Strong | Strong | $3,402 | +0.734% | 386 | |
30 | The Federal Savings Bank | Sound | Mediocre | Sound | Strong | $3,639 | +0.678% | 360 |
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Place
Local market expertise (33%)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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