Safe Rate Rankings

Best Bank Mortgage Lenders in Indianapolis

Updated May 25, 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.

Market

Total Lenders197

Total Loans32,863

Median Rate Spread0.35%

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

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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.