Skip to main content

Mortgages

Finding the right loan for the right home. Compare our popular mortgages.

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  Monthly Payment Loan Term (Months)
30-Year Fixed 4.500% 4.587% 0.0 $760.03 360
20-Year Fixed 4.375% 4.494% 0.0 $938.88 240
15-Year Fixed 4.125% 4.277% 0.0 $1,118.95 180
10-Year Fixed 4.125% 4.344% 0.0 $1,527.60 120
7-Year Fixed 4.125% 4.430% 0.0 $2,058.96 84
5-Year Fixed 4.125% 4.543% 0.0 $2,770.95 60

Fixed Rates effective as of August 14, 2018. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% 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. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $250,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $150,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

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
  • Some options feature up to 90% financing and no Private Mortgage Insurance (PMI)
  • 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  Initial Monthly Payment Adjusted Monthly Payment
7/1 ARM 4.250% 4.336% 0.0
Months 1-84
$737.91
Months 85-360
$793.81
5/5 ARM 30 Year 4.250% 4.336% 0.0
Months 1-60
$737.91
Months 61-360
$801.11

Adjustable Rates effective as of August 14, 2018. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% 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. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $250,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $150,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about ARM products with terms other than those listed.

The 7/1 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease annually based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the London market (LIBOR), plus our margin (2.75%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

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
Fixed Rate Options Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30 Year Fixed 4.750% 4.839% 0.0 $1,238.91 360
20 Year Fixed 4.625% 4.746% 0.0 $1,518.61 240
15 Year Fixed 4.375% 4.528% 0.0 $1,801.72 180
Adjustable Rate Options Interest Rate  APR  Points  Initial Monthly Payment Adjusted Monthly Payment
7/1 ARM 4.500% 4.587% 0.0
Months 1-84
$1,203.38
Months 85-360
$1,256.87
5/5 ARM 4.500% 4.587% 0.0
Months 1-60
$1,203.38
Months 61-360
$1,268.43

First Time Homebuyer Rates effective as of August 14, 2018. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 95% 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. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on purchase price of $250,000, FICO® score of 740 or greater, 5% or more down payment, and loan amount of $237,500; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

The 7/1 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease annually based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the London market (LIBOR), plus our margin (2.75%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

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
Fixed Rate Options Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
30-Year Fixed 4.500% 4.587% 0.0 $760.03 360
20-Year Fixed 4.375% 4.494% 0.0 $938.88 240
15-Year Fixed 4.125% 4.277% 0.0 $1,118.95 180
Adjustable Rate Options Interest Rate  APR  Points  Initial Monthly Payment Adjusted Monthly Payment
7/1 ARM 4.250% 4.336% 0.0
Months 1-84
$737.91
Months 85-360
$793.81
5/5 ARM 30 Year 4.250% 4.336% 0.0
Months 1-60
$737.91
Months 61-360
$801.11

Fixed Rates effective as of August 14, 2018. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 60% 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. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $250,000, FICO® score of 740 or greater, 40% or more down payment, and loan amount of $150,000; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. Rates are subject to change without notice. Some restrictions may apply. Please call for rate information about mortgage products with terms other than those listed.

The 7/1 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 7 years (84 payments). After the initial seven-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial seven-year period, your interest rate can increase or decrease annually based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the London market (LIBOR), plus our margin (2.75%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 85-360 is based on the current index plus the margin (fully indexed rate).

The 5/5 ARM product listed above is a 30-year loan where the initial interest rate is fixed for the first 5 years (60 payments). After the initial five-year period, it is possible that the interest rate, APR, and payment may increase substantially over the remaining term of the loan. After the initial five-year period, your interest rate can increase or decrease every 5 years up to the 15th year at which the interest rate can increase or decrease annually based on the average yield of the 5-year treasury, plus our margin (2.25%) rounded to the nearest 0.125%. Any change may significantly impact your monthly payment. The index in the future is unknown so the Estimated Monthly Payment for payments 61-360 is based on the current index plus the margin (fully indexed rate).

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

  • As low as 10% down payment
  • Similar to a standard purchase or refinance except it involves determining future value.
  • Once house is finished, loan automatically switches to permanent financing — same interest rate
  • 12-Month Construction Terms with 90% LTV up to $750,000, and 85% LTV up to $1,000,000

A Good Option If:

  • You like one-stop shopping and want one closing
  • You want to pay interest only during construction
  • Lot equity may be credited toward your down payment
  • Indiana and Owner-Occupancy only
  • No PMI Required

Overview

  • Finance unimproved land for building your primary residence
  • Finance up to 80% of the lot value
  • 1-year maximum term

A Good Option If:

  • You are building a new home and need to finance the land it will be on
  • Trade-off: Requires 20% or higher down payment

Overview

  • Government-backed loan
  • Fixed-rate loan

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  Monthly Payment Loan Term (Months)
30 Year Fixed 4.250% 4.336% 0.0 $1,186.80 360
15 Year Fixed 3.875% 4.026% 0.0 $1,769.42 240

FHA Mortgage Rates effective as of August 14, 2018. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 96.5% 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. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on a purchase price of $250,000, FICO® score of 740 or greater, and 3.5% or more down payment, and loan amount of $241,250; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. 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  Monthly Payment Loan Term (Months)
30 Year Fixed 4.250% 4.336% 0.0 $1,229.85 360
15 Year Fixed 3.875% 4.026% 0.0 $1,100.16 240

VA Mortgage Rates effective as of August 14, 2018. Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with credit scores 740 or greater and 100% 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. Rates, closing costs and points may vary by property location, loan type and borrower credit and income characteristics. ALL FINANCING SUBJECT TO CREDIT APPROVAL. Example Monthly Payments based on purchase and loan amount of $250,000, FICO® score of 740 or greater, and 0% or more down payment; they do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation may be higher. 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