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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 Indianapolis
Updated February 5, 2026
Market Overview
23
Total Lenders
6,067
Total Loans
0.28%
Median Rate Spread
| Rank | Lender | Overall | Pricing | Pull Through | Place | Avg Fees | Spread | Volume | Action |
|---|---|---|---|---|---|---|---|---|---|
1 | Old National Bank | Exceptional | Exceptional | Strong | Strong | $863 | -0.418% | 342 | |
2 | The Huntington National Bank | Exceptional | Strong | Strong | Exceptional | $1,042 | +0.408% | 531 | |
3 | Fifth Third Bank, National Association | Strong | Strong | Strong | Strong | $696 | +0.264% | 409 | |
4 | First Merchants Bank | Strong | Strong | Strong | Strong | $976 | +0.254% | 254 | |
5 | PNC Bank, National Association | Strong | Strong | Strong | Strong | -$463 | +0.260% | 210 | |
6 | KeyBank National Association | Strong | Strong | Strong | Strong | $966 | +0.234% | 190 | |
7 | The State Bank and Trust Company | Strong | Strong | Strong | Strong | $1,022 | +0.146% | 162 | |
8 | U.S. Bank National Association | Strong | Strong | Strong | Strong | $582 | +0.150% | 121 | |
9 | Bank of America, National Association | Strong | Strong | Strong | Strong | $1,012 | -0.044% | 102 | |
10 | JPMorgan Chase Bank, National Association | Strong | Sound | Strong | Exceptional | $1,887 | +0.209% | 765 | |
11 | Union Savings Bank | Strong | Sound | Strong | Exceptional | $1,004 | +0.183% | 494 | |
12 | Wells Fargo Bank, National Association | Strong | Strong | Sound | Strong | $2,059 | +0.124% | 90 | |
13 | Jackson County Bank | Strong | Strong | Sound | Strong | $1,174 | +0.154% | 80 | |
14 | Merchants Bank of Indiana | Strong | Sound | Strong | Strong | $1,383 | +0.156% | 192 | |
15 | Regions Bank | Strong | Sound | Strong | Strong | $1,401 | +0.415% | 165 | |
16 | Centier Bank | Strong | Sound | Strong | Strong | $569 | +0.554% | 105 | |
17 | First Financial Bank | Strong | Sound | Strong | Strong | $1,565 | +0.467% | 103 | |
18 | USAA Federal Savings Bank | Strong | Sound | Sound | Strong | $1,762 | -0.163% | 89 | |
19 | STAR Financial Bank | Strong | Sound | Sound | Strong | $1,050 | +0.063% | 89 | |
20 | Flagstar Bank, N.A. | Strong | Acceptable | Strong | Strong | $1,637 | +0.547% | 159 | |
21 | Gateway First Bank | Strong | Acceptable | Strong | Strong | $2,721 | +0.507% | 88 | |
22 | Ixonia Bank | Sound | Mediocre | Strong | Strong | $3,907 | +0.772% | 78 | |
23 | The Federal Savings Bank | Sound | Mediocre | Sound | Strong | $3,906 | +0.672% | 238 |
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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