Safe Rate Rankings

Best Jumbo 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.

Market

Total Lenders197

Total Loans32,863

Median Rate Spread0.35%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	U.S. Bank National AssociationBank	Exceptional	Exceptional	Exceptional	Strong	Strong	$582Fees	0.150%Above	121
2	Bank of America, National AssociationBank	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,012Fees	0.044%Below	102
3	Elements Financial Federal Credit UnionCredit Union	Exceptional	Exceptional	Strong	Sound	Exceptional	$1,096Fees	0.115%Above	452
4	INDIANA MEMBERS CREDIT UNIONCredit Union	Exceptional	Exceptional	Strong	Sound	Exceptional	$1,106Fees	0.235%Below	323
5	Fifth Third Bank, National AssociationBank	Exceptional	Strong	Exceptional	Strong	Strong	$696Fees	0.264%Above	409
6	Old National BankBank	Exceptional	Strong	Exceptional	Strong	Strong	$863Fees	0.418%Below	342
7	VICTORY MORTGAGE, L.L.C.Independent Mortgage Company	Exceptional	Exceptional	—	Strong	Strong	$628Fees	0.050%Below	223
8	EVERWISE CREDIT UNIONCredit Union	Exceptional	Exceptional	—	Strong	Strong	$430Fees	0.201%Above	109
9	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Exceptional	Sound	Exceptional	Strong	Exceptional	$3,533Fees	0.386%Above	2,281
10	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,607Fees	0.279%Above	1,801
11	JPMorgan Chase Bank, National AssociationBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$1,887Fees	0.209%Above	765
12	Jackson County BankBank	Exceptional	Strong	Strong	Strong	Strong	$1,174Fees	0.154%Above	80
13	FORUMCredit Union	Strong	Strong	—	Sound	Exceptional	$1,168Fees	0.018%Above	411
14	Merchants Bank of IndianaBank	Strong	Sound	Strong	Exceptional	Strong	$1,383Fees	0.156%Above	192
15	Regions BankBank	Strong	Sound	Exceptional	Strong	Strong	$1,401Fees	0.415%Above	165
16	FAIRWAY INDEPENDENT MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,630Fees	0.552%Above	1,580
17	CROSSCOUNTRY MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,829Fees	0.636%Above	804
18	The Huntington National BankBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,042Fees	0.408%Above	531
19	Union Savings BankBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,004Fees	0.183%Above	494
20	Centier BankBank	Strong	Sound	Strong	Strong	Strong	$569Fees	0.554%Above	105
21	First Merchants BankBank	Strong	Acceptable	Exceptional	Strong	Strong	$976Fees	0.254%Above	254
22	STAR Financial BankBank	Strong	Sound	Strong	Sound	Strong	$1,050Fees	0.063%Above	89

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)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

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.