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Mortgages

Finding the right loan for the right home.

Most Popular

Fixed-Rate Mortgage

Overview

  • Interest rate and payments remain the same for the life of the loan
  • Available in terms of 5, 7, 10, 15, 20, and 30 years
  • Down payments as low as 20% of purchase price

A Good Option If:

  • You want predictable monthly payments that will not change
  • You plan to stay in your home for several years
  • Trade-off: Interest rate is generally higher than an adjustable-rate mortgage
Fixed-Rate Mortgage Interest Rate  APR  Points 
30-Year Fixed 4.00% 4.085% 0.0
20-Year Fixed 3.75% 3.867% 0.0
15-Year Fixed 3.375% 3.524% 0.0
10-Year Fixed 3.375% 3.591% 0.0
7-Year Fixed 3.375% 3.677% 0.0
5-Year Fixed 3.375% 3.79% 0.0

Rates effective as of November 17, 2017. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 70% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Subject to credit approval. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Rates are subject to change without notice. Some restrictions may apply.

Overview

  • Interest rate and payments are fixed for a set period of time then adjust later
  • Available in 3/1, 5/1, 7/1, 10/1 ARM terms, as well as 5/5 30-year and 5/5 15-year terms
  • Low fees and closing costs

A Good Option If:

  • You want lower payments at the start of the loan
  • You are planning to own your home for a short period of time
  • Possibility of lower rates in the future
  • Trade-off: After the set rate period is over, the interest rate can increase depending on market conditions

 

Adjustable Rate Mortgage Interest Rate  APR  Points 
3/1 ARM 3.375% 3.457% 0.0
5/1 ARM 3.50% 3.582% 0.0
7/1 ARM 3.625% 3.708% 0.0
10/1 ARM 3.75% 3.834% 1.0
5/5 ARM 30 Year 3.75% 3.834% 0.0
5/5 ARM 15 Year 3.375% 3.524% 0.0

Rates effective as of November 17, 2017. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 70% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Subject to credit approval. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Rates are subject to change without notice. Some restrictions may apply.

Overview

  • No Private Mortgage Insurance (PMI) required
  • Down payments as low as 5% of purchase price
  • Single family loans up to $275,000
  • Fixed- and Adjustable-Rate options

A Good Option If:

  • You do not have a substantial down payment saved
  • You want to avoid the extra cost of PMI
  • You would benefit from extra help and advice throughout the mortgage process
  • Trade-off: Interest rate can be slightly higher than traditional fixed-rate and adjustable-rate options
First Time Homebuyer Program Interest Rate  APR  Points 
30 Year Fixed 4.25% 4.336% 0.0
20 Year Fixed 4.00% 4.118% 0.0
15 Year Fixed 3.625% 3.775% 0.0
7/1 ARM 4.125% 4.21% 0.0
5/5 ARM 4.00% 4.085% 0.0

Rates effective as of November 17, 2017. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 70% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Subject to credit approval. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Rates are subject to change without notice. Some restrictions may apply.

Overview

  • Pay off your existing mortgage and replace it with a new one, usually to secure a better interest rate or term
  • Refinance to fixed-rate mortgages or adjustable-rate loans
  • Low fees and closing costs

A Good Option If:

  • You want to free up some money in your budget by reducing your monthly mortgage payment
  • You want to shorten the term of your mortgage
  • Trade-off: The lowest rates usually carry some fees and closing costs
Mortgage Refinance Interest Rate  APR  Points 
30-Year Fixed 4.00% 4.085% 0.0
20-Year Fixed 3.75% 3.867% 0.0
5/1 ARM 3.50% 3.582% 0.0
15-Year Fixed 3.375% 3.524% 0.0
7/1 ARM 3.625% 3.708% 0.0
5/5 ARM 30 Year 3.75% 3.834% 0.0
5/5 ARM 15 Year 3.375% 3.524% 0.0

Rates effective as of November 17, 2017. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 70% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Subject to credit approval. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Rates are subject to change without notice. Some restrictions may apply.

Overview

  • A loan for when the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac
  • Available in a variety of terms, including fixed-rate and adjustable-rate loans
  • Covers purchase and refinance amounts up to $2 million
  • No PMI required

A Good Option If:

  • You want to avoid taking out two or more loans to finance a home purchase
  • Trade-off: Interest rate can be slightly higher than traditional home loan and credit requirements are rigorous

Overview

  • Similar to a standard purchase or refinance except it involves determining future value
  • Once the house is finished, the loan automatically switches to permanent financing with the same interest rate
  • No PMI required

A Good Option If:

  • You like one-stop shopping and want one closing

Overview

  • Government-backed loan
  • Fixed- and Adjustable-Rate options

A Good Option If:

  • If you have less than perfect credit and don’t have enough for the standard 5-20% down payment
  • Trade-off: Rates are generally slightly higher than conventional loans
FHA Loan Interest Rate  APR  Points 
30 Year Fixed 3.875% 3.959% 0.0
15 Year Fixed 4.00% 4.151% 0.0

Rates effective as of November 17, 2017. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 70% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Subject to credit approval. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Rates are subject to change without notice. Some restrictions may apply.

Overview

  • Mortgage guaranteed by the U.S Department of Veterans Affairs (VA)
  • For American veterans, current military, reservists, and surviving spouses
  • No down payment or PMI required

A Good Option If:

  • You are serving or have served in the U.S. military and want to take advantage of a mortgage with no down payment
VA Loan Interest Rate  APR  Points 
30 Year Fixed 4.00% 4.085% 0.0
15 Year Fixed 0.136% 0.0

Rates effective as of November 17, 2017. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 70% Loan-to-Value (LTV) and are based on loans secured by property in the state of Indiana. The actual interest rates and APRs available to you may vary based on your credit score, LTV ratio and other factors, and may be higher than those displayed here. Subject to credit approval. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Rates are subject to change without notice. Some restrictions may apply.

Overview

  • Mortgage offered to rural property owners by the U.S. Department of Agriculture
  • No down payment required—you may finance up to 100% of the property value

A Good Option If:

  • You are purchasing a property in a rural area (as defined by the USDA)
  • You meet the income restrictions for your County