Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

Powered by SecureRights™
Include 1st & 2nd mortgages plus any equity loans or credit lines
Powered by SecureRights™
Powered by SecureRights™
Powered by SecureRights™

Indiana Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $146,110 $102,500 $117,500 $172,500
Property Values $194,619 $112,500 $152,500 $225,000
Average LTV 81.7%
Percent Refinance 72.6%
Pct of Refis Cashout 11.0%

Indiana Mortgage Rates

You might be wondering if there are great deals on mortgage loans and refinances out there just for Hoosiers. You'll be pleased to learn that residents of Indiana can find low rate mortgages from reputable mortgage lenders. But finding those programs isn't always easy, especially if you aren't familiar with mortgage basics. You might know that the annual percentage rate (APR) is a useful comparison tool for mortgages that have different closing costs. You may also know that a low-payment mortgage doesn't automatically have a competitive interest rate, and that you should compare mortgages on the full set of terms. But the list of issues like these that could derail your mortgage search if you're not educated is a long one. Fortunately, Mortgageloan.com has the resources to guide you on your quest. These resources include an Indiana broker directory, more than 100 mortgage calculators, a database of informative articles, and more.

Powered by Sure Hits
Powered by SecureRights™

VA Loans For Veterans

Suited Connector
  • VA Loans = No Mortgage Insurance
  • 100% Financing, No Down Payment
  • Active or Retired VA Status Ok
Array

Refinance Rates From 2.875% (3.19% APR)

MTLeadMedia LLC.
  • Compare Mortgage Rates.
  • Enjoy Low Mortgage Rates.
  • Short Form to Receive Quotes.
www.elendingsaver.com

Mortgage Rates From 2.75% (3.01% APR)

Guide To Lenders
  • $200k Loan for Under $816/Month
  • Free Home Mortgage Rate Quotes.
  • Compare Rates from Up to 5 Lenders.
  • Lock in Your Low Rate Today!
www.guidetolenders.com

Indiana Rate Map

This Indiana Rate Map lets you see what sort of mortgage rates other borrowers around the state have been able to obtain. Each individual marker represents a single mortgage loan.

Use the map to find out what sort of mortgage rates borrowers were able to get in with various credit scores, loan amounts, loan-to-value ratios and other factors, and in various communities around the state.

This rate map project is our effort to help make the mortgage process more transparent for all borrowers. If you’d like to participate, just click on the “Share Your Rate” link above the map to anonymously share the mortgage rate you were able to get on a recent loan. Your fellow consumers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Home Equity Loans

Do you have equity in your home that you'd like to turn into cash? A home equity loan will do just that. The home equity loan is a fixed-rate second mortgage. They're commonly used to fund a one-time expense. Since a refinance can accomplish the same thing, homeowners often find themselves choosing between one and the other. A home equity loan makes sense when you already have a competitively priced mortgage, or when you want to save on closing costs.

Adjustable-Rate Mortgages

Indiana borrowers, who are low on buying power in the short-term, might consider an adjustable-rate mortgage (ARM) or refinance mortgage. This is because ARMs begin with a low monthly payment that remains in force for a certain time period. Once that period expires, the rate becomes variable, and is adjusted at regular intervals. It's important for ARM borrowers to have the ability to absorb any potential rate increases that occur after the initial rate expires.

Comparing Rates

An early step in your mortgage search should be to become familiar with comparing market rates for different loan types. You'll likely learn that second mortgages have higher rates than refinances, and that most ARMs start with a lower rate than most fixed-rate mortgages (FRMs). Knowing this, you can start fine-tuning your budget. Mortgage calculators will be invaluable in this effort. Use them to run the numbers on different mortgage types, mortgage rates, and loan amounts. While you're doing this, consider how long you intend to own the property, and if you have any improvement plans. These will be factors in what loan you choose, and how much money you'll borrow. Once you understand which options look right for you, start browsing through the Indiana broker directory. Select several to contact and make sure that you have a few ink pens ready to fill out those applications. As you start receiving your offers, compare them to one another as thoroughly as possible. Be open with your lender about your questions and concerns.

Additional Local Rates Pages

See Indianapolis Mortgage Rates.