Safe Rate Rankings

Best Conventional Mortgage Lenders in Indiana

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ 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 Lenders334

Total Loans90,243

Median Rate Spread0.38%

Indiana Market Insights

Old National Bank is Safe Rate's top-ranked Conventional lender in Indiana, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Indiana, Old National Bank and Purdue scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #5 in Indiana, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Indiana: Rocket Mortgage (#3) and Ruoff Mortgage Company (#4).

Explore Rankings by Type

Overall Rankings

All lenders in Indiana

Need rankings for a different loan product?

FHA Loans VA Loans Jumbo Loans USDA Loans

By Institution Type

Banks Credit Unions Mortgage Companies

Shopping for a mortgage? Click the heart icon to save lenders to My Home and make comparison painless.

Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Old National Bank BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$855Fees	0.103%Below	1,017
2	Three Rivers Federal Credit Union Credit UnionDirect	Strong	Strong	Exceptional	Strong	Exceptional	$994Fees	0.285%Above	1,246
3	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,509Fees	0.481%Above	6,448
4	RUOFF MORTGAGE COMPANY, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$1,831Fees	0.432%Above	5,510
5	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$2,474Fees	0.318%Above	3,640
6	The Huntington National Bank BankDirect	Strong	Strong	Exceptional	Strong	Strong	$1,093Fees	0.440%Above	951
7	Liberty Credit UnionDirect	Strong	Strong	Exceptional	Strong	Exceptional	$999Fees	0.350%Above	869
8	MORTGAGE MASTERS OF INDIANA, INC. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Exceptional	Exceptional	$1,482Fees	0.319%Above	801
9	PURDUE Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$713Fees	0.158%Above	419
10	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$1,932Fees	0.269%Above	2,061
11	First Merchants Bank BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,223Fees	0.290%Above	956
12	EVERWISE CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$642Fees	0.216%Above	665
13	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$702Fees	0.482%Below	475
14	VICTORY MORTGAGE, L.L.C. Independent Mortgage CompanyDirect	Strong	Exceptional	Strong	Strong	Strong	$632Fees	0.030%Below	254
15	PNC Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$66Credit	0.289%Above	554
16	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$748Fees	0.226%Above	309
17	INDIANA UNIVERSITY CREDIT UNION Credit UnionDirect	Strong	Exceptional	Strong	Strong	Strong	$75Fees	0.059%Above	308
18	Union Savings Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$911Fees	0.189%Above	790
19	Fifth Third Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$787Fees	0.353%Above	1,342
20	INDIANA MEMBERS CREDIT UNION Credit UnionDirect	Strong	Exceptional	Strong	Sound	Exceptional	$1,094Fees	0.280%Below	466
21	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,757Fees	0.617%Above	2,784
22	KeyBank National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$1,128Fees	0.214%Above	276
23	NOTRE DAME FEDERAL CREDIT UNION CORPORATION Credit UnionDirect	Strong	Sound	Strong	Exceptional	Exceptional	$1,177Fees	0.391%Above	466
24	Heritage Federal Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	Strong	$600Fees	0.379%Above	267
25	The State Bank and Trust Company BankDirect	Strong	Strong	Strong	Strong	Strong	$1,054Fees	0.162%Above	218
26	VANDERBILT MORTGAGE AND FINANCE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$4,447Fees	0.019%Above	1,219
27	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$3,137Fees	0.526%Above	811
28	First Financial Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$1,327Fees	0.531%Above	700
29	Centier Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$655Fees	0.522%Above	575
30	Centra Credit Union Credit UnionDirect	Strong	Sound	Strong	Exceptional	Exceptional	$981Fees	0.310%Above	513
31	CRANE Credit UnionDirect	Strong	Exceptional	Sound	Strong	Strong	$698Fees	0.135%Above	199
32	GVC MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,110Fees	0.547%Above	3,045
33	MJW FINANCIAL LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$1,611Fees	0.383%Above	1,221
34	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,260Fees	0.437%Above	982
35	German American Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$804Fees	0.148%Above	511
36	Elements Financial Federal Credit Union Credit UnionDirect	Strong	Exceptional	Strong	Sound	Exceptional	$1,100Fees	0.112%Above	500
37	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,778Fees	0.662%Above	475
38	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$2,204Fees	0.161%Above	319
39	Jackson County Bank BankDirect	Strong	Strong	Strong	Strong	Strong	$954Fees	0.082%Above	272
40	First Financial Bank, National Association BankDirect	Strong	Sound	Strong	Strong	Strong	$1,003Fees	0.352%Above	268
41	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,158Fees	0.696%Above	1,396
42	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$2,411Fees	0.732%Above	1,275
43	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,505Fees	0.468%Above	867
44	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,036Fees	0.626%Above	549
45	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,965Fees	0.449%Above	483
46	Horizon Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$1,577Fees	0.440%Above	468
47	1st Source Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$1,043Fees	0.377%Above	433
48	HALLMARK HOME MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$2,559Fees	0.644%Above	1,542
49	FIRST COMMUNITY MORTGAGE, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,283Fees	0.618%Above	551
50	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Exceptional	$1,955Fees	0.523%Above	1,431

❓ Frequently Asked Questions

How are mortgage lenders ranked in Indiana?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Indiana), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Indiana?+

Based on 2024 HMDA data, 334 lenders originated a combined 90,243 loans in Indiana. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Indiana?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Indiana is 0.38%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Indiana's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

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.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.