Safe Rate Rankings

Best FHA Mortgage Lenders in Indiana

Updated May 24, 2026
⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
📊 HMDA 2024Built using publicly available originated loan data from the federal government.
🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.
Total Lenders334
Total Loans90,243
Median Rate Spread0.38%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
Union Savings BankBank
Exceptional
Exceptional
Strong
Strong
Exceptional
$911Fees
0.189%Above
790
2
EVERWISE CREDIT UNIONCredit Union
Exceptional
Exceptional
Strong
Strong
Exceptional
$642Fees
0.216%Above
665
3
FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Exceptional
$2,132Fees
0.474%Above
1,304
4
Old National BankBank
Exceptional
Exceptional
Strong
Sound
Exceptional
$855Fees
0.103%Below
1,017
5
LibertyCredit Union
Exceptional
Strong
Exceptional
Strong
Exceptional
$999Fees
0.350%Above
869
6
Elements Financial Federal Credit UnionCredit Union
Exceptional
Exceptional
Sound
Strong
Exceptional
$1,100Fees
0.112%Above
500
7
NOTRE DAME FEDERAL CREDIT UNION CORPORATIONCredit Union
Exceptional
Strong
Strong
Exceptional
Exceptional
$1,177Fees
0.391%Above
466
8
VICTORY MORTGAGE, L.L.C.Independent Mortgage Company
Exceptional
Exceptional
Strong
Strong
Strong
$632Fees
0.030%Below
254
9
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$2,474Fees
0.318%Above
3,640
10
Fifth Third Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Exceptional
$787Fees
0.353%Above
1,342
11
VANDERBILT MORTGAGE AND FINANCE, INC.Independent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$4,447Fees
0.019%Above
1,219
12
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Strong
$1,093Fees
0.440%Above
951
13
Prosperity Home Mortgage, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$2,188Fees
0.387%Above
318
14
KeyBank National AssociationBank
Exceptional
Exceptional
Strong
Sound
Strong
$1,128Fees
0.214%Above
276
15
University BankBank
Exceptional
Strong
Strong
Exceptional
Strong
$2,643Fees
0.261%Above
270
16
First Merchants BankBank
Exceptional
Strong
Strong
Sound
Exceptional
$1,223Fees
0.290%Above
956
17
MORTGAGE MASTERS OF INDIANA, INC.Independent Mortgage Company
Exceptional
Sound
Strong
Exceptional
Exceptional
$1,482Fees
0.319%Above
801
18
German American BankBank
Exceptional
Strong
Strong
Sound
Exceptional
$804Fees
0.148%Above
511
19
PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$1,142Fees
0.031%Above
458
20
GoodLeap, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$3,691Fees
0.156%Above
430
21
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Sound
Strong
$748Fees
0.226%Above
309
22
ROCKET MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$3,509Fees
0.481%Above
6,448
23
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$2,757Fees
0.617%Above
2,784
24
NEWREZ LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Sound
Exceptional
$1,955Fees
0.523%Above
1,431
25
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$2,411Fees
0.732%Above
1,275
26
MJW FINANCIAL LLCIndependent Mortgage Company
Strong
Sound
Strong
Strong
Exceptional
$1,611Fees
0.383%Above
1,221
27
LOANDEPOT.COM, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$3,137Fees
0.526%Above
811
28
Centier BankBank
Strong
Strong
Sound
Sound
Exceptional
$655Fees
0.522%Above
575
29
PNC Bank, National AssociationBank
Strong
Strong
Strong
Sound
Strong
$66Credit
0.289%Above
554
30
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Strong
Strong
$1,965Fees
0.449%Above
483
31
Horizon BankBank
Strong
Strong
Sound
Sound
Exceptional
$1,577Fees
0.440%Above
468
32
M/I FINANCIAL, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$6,197Fees
0.533%Below
414
33
THE LOAN STORE, INC.Independent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$1,679Fees
0.378%Above
230
34
The State Bank and Trust CompanyBank
Strong
Strong
Sound
Strong
Strong
$1,054Fees
0.162%Above
218
35
RUOFF MORTGAGE COMPANY, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$1,831Fees
0.432%Above
5,510
36
JPMorgan Chase Bank, National AssociationBank
Strong
Sound
Strong
Sound
Exceptional
$1,932Fees
0.269%Above
2,061
37
First Financial BankBank
Strong
Sound
Strong
Sound
Exceptional
$1,327Fees
0.531%Above
700
38
FIRST COMMUNITY MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$3,283Fees
0.618%Above
551
39
Regions BankBank
Strong
Sound
Exceptional
Sound
Strong
$1,570Fees
0.473%Above
376
40
HOWARD HANNA FINANCIAL SERVICES, INC.Independent Mortgage Company
Strong
Sound
Strong
Strong
Strong
$2,203Fees
0.378%Above
289
41
PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$2,835Fees
0.632%Above
233
42
Magnolia Bank, IncorporatedBank
Strong
Sound
Strong
Strong
Strong
$2,036Fees
0.291%Above
221
43
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,260Fees
0.437%Above
982
44
GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,505Fees
0.468%Above
867
45
STOCKTON MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,095Fees
0.556%Above
653
46
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIPIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,851Fees
0.832%Above
641
47
CMG MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,036Fees
0.626%Above
549
48
MOVEMENT MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,778Fees
0.662%Above
475
49
AMERICAN FINANCIAL NETWORK, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,733Fees
0.746%Above
442
50
PLAZA HOME MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,401Fees
0.553%Above
322

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 40 Points)

10
Pricing
Rate and fee competitiveness (25%)
10
Pull Through
Reliability in closing loans (25%)
10
Product
Specialization in the loan type (25%)
10
Place
Local market expertise (25%)

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.