Safe Rate Rankings

Best FHA Mortgage Lenders in Indianapolis

Updated May 22, 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 Lenders197
Total Loans32,863
Median Rate Spread0.35%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
Union Savings BankBank
Exceptional
Exceptional
Strong
Strong
Exceptional
$1,004Fees
0.183%Above
494
2
The Huntington National BankBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$1,042Fees
0.408%Above
531
3
Elements Financial Federal Credit UnionCredit Union
Exceptional
Exceptional
Sound
Strong
Exceptional
$1,096Fees
0.115%Above
452
4
VICTORY MORTGAGE, L.L.C.Independent Mortgage Company
Exceptional
Exceptional
Strong
Strong
Strong
$628Fees
0.050%Below
223
5
EVERWISE CREDIT UNIONCredit Union
Exceptional
Exceptional
Strong
Strong
Strong
$430Fees
0.201%Above
109
6
UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$2,607Fees
0.279%Above
1,801
7
VANDERBILT MORTGAGE AND FINANCE, INC.Independent Mortgage Company
Exceptional
Sound
Exceptional
Exceptional
Exceptional
$4,291Fees
0.004%Above
966
8
FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$1,950Fees
0.346%Above
501
9
Old National BankBank
Exceptional
Exceptional
Strong
Sound
Strong
$863Fees
0.418%Below
342
10
KeyBank National AssociationBank
Exceptional
Exceptional
Strong
Sound
Strong
$966Fees
0.234%Above
190
11
Prosperity Home Mortgage, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Strong
Strong
$2,107Fees
0.299%Above
100
12
M/I FINANCIAL, LLCIndependent Mortgage Company
Exceptional
Sound
Exceptional
Strong
Exceptional
$6,197Fees
0.533%Below
414
13
Fifth Third Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Strong
$696Fees
0.264%Above
409
14
INDIANA MEMBERS CREDIT UNIONCredit Union
Exceptional
Exceptional
Sound
Acceptable
Exceptional
$1,106Fees
0.235%Below
323
15
GoodLeap, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$4,021Fees
0.032%Above
210
16
PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company
Exceptional
Strong
Exceptional
Sound
Strong
$1,428Fees
0.038%Below
144
17
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Sound
Strong
$582Fees
0.150%Above
121
18
ROCKET MORTGAGE, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$3,533Fees
0.386%Above
2,281
19
FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$2,630Fees
0.552%Above
1,580
20
MJW FINANCIAL LLCIndependent Mortgage Company
Strong
Sound
Strong
Strong
Exceptional
$1,564Fees
0.354%Above
1,020
21
NEWREZ LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Sound
Exceptional
$2,167Fees
0.470%Above
731
22
UNION HOME MORTGAGE CORP.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Exceptional
$2,193Fees
0.661%Above
647
23
First Merchants BankBank
Strong
Strong
Strong
Sound
Strong
$976Fees
0.254%Above
254
24
LOANDEPOT.COM, LLCIndependent Mortgage Company
Strong
Sound
Exceptional
Strong
Strong
$3,102Fees
0.456%Above
251
25
PNC Bank, National AssociationBank
Strong
Strong
Strong
Sound
Strong
$463Credit
0.260%Above
210
26
The State Bank and Trust CompanyBank
Strong
Strong
Sound
Strong
Strong
$1,022Fees
0.146%Above
162
27
Flagstar Bank, N.A.Bank
Strong
Sound
Exceptional
Strong
Strong
$1,637Fees
0.547%Above
159
28
FLAT BRANCH MORTGAGE, INC.Independent Mortgage Company
Strong
Sound
Exceptional
Exceptional
Sound
$1,686Fees
0.297%Above
83
29
RUOFF MORTGAGE COMPANY, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Exceptional
$1,858Fees
0.375%Above
1,232
30
JPMorgan Chase Bank, National AssociationBank
Strong
Sound
Strong
Sound
Exceptional
$1,887Fees
0.209%Above
765
31
FORUMCredit Union
Strong
Strong
Sound
Acceptable
Exceptional
$1,168Fees
0.018%Above
411
32
HOWARD HANNA FINANCIAL SERVICES, INC.Independent Mortgage Company
Strong
Sound
Strong
Strong
Strong
$2,196Fees
0.363%Above
264
33
FIRST COMMUNITY MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$3,767Fees
0.628%Above
240
34
Regions BankBank
Strong
Sound
Exceptional
Sound
Strong
$1,401Fees
0.415%Above
165
35
PRIMELENDING, A PLAINSCAPITAL COMPANYIndependent Mortgage Company
Strong
Acceptable
Exceptional
Exceptional
Strong
$2,728Fees
0.596%Above
117
36
Centier BankBank
Strong
Strong
Sound
Sound
Strong
$569Fees
0.554%Above
105
37
THE LOAN STORE, INC.Independent Mortgage Company
Strong
Sound
Exceptional
Strong
Sound
$1,970Fees
0.371%Above
83
38
GVC MORTGAGE, INC.Independent Mortgage Company
Strong
Mediocre
Exceptional
Exceptional
Exceptional
$3,161Fees
0.446%Above
1,693
39
GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,085Fees
0.440%Above
421
40
HALLMARK HOME MORTGAGE, LLCIndependent Mortgage Company
Strong
Mediocre
Exceptional
Exceptional
Exceptional
$2,260Fees
0.506%Above
337
41
GUARANTEED RATE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,977Fees
0.371%Above
261
42
MILESTONE HOME LENDING, LLCIndependent Mortgage Company
Strong
Acceptable
Strong
Strong
Exceptional
$3,338Fees
0.624%Above
235
43
LOWER, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$1,843Fees
0.581%Above
135
44
CMG MORTGAGE, INC.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,132Fees
0.567%Above
105
45
Sierra Pacific Mortgage Company, Inc.Independent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,806Fees
0.249%Above
99
46
STOCKTON MORTGAGE CORPORATIONIndependent Mortgage Company
Strong
Acceptable
Exceptional
Strong
Strong
$2,778Fees
0.660%Above
89
47
Gateway First BankBank
Strong
Acceptable
Exceptional
Strong
Strong
$2,721Fees
0.507%Above
88
48
Mortgage Research Center, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$1,742Fees
0.444%Above
520
49
The Federal Savings BankBank
Strong
Acceptable
Exceptional
Sound
Strong
$3,906Fees
0.672%Above
238
50
CARRINGTON MORTGAGE SERVICES, LLCIndependent Mortgage Company
Strong
Acceptable
Exceptional
Sound
Strong
$3,578Fees
0.269%Above
121

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.