Mortgage Indiana or mortgage business in the state of Indiana is a popular form of business because of the presence of high competition among the mortgage lenders in Indiana.
The mortgage rates offered by various mortgage lenders in Indiana are competitive in nature and they are also quite cheap. For carrying out business in the state of Indiana, an individual has to obtain a mortgage brokers license from the concerned authority. The mortgage borrowers in Indiana utilize the various types of mortgage loans offered by the mortgage brokers and lenders for home purchase, refinancing, home equity, and debt consolidation purposes.
The different types of mortgages that are available in the state of Indiana include the following:
- Adjustable Rate Mortgage (ARM)
- Fixed Rate Mortgage (FRM)
- Balloon Mortgage
- Home Equity Line of Credit (HELOC)
- FHA (Federal Housing Administration) Loans
- VA (Veterans Administration) Loans
- Reverse Mortgages
- Piggyback Loans
- Stated Income Mortgages
- 100% Financing Loans
- Full Doc Loans
| Conforming Fixed | Rate |
| 10 Year Fixed | 5.63% |
| 15 Year Fixed | 5.75% |
| 20 Year Fixed | 5.88% |
| 30 Year Fixed | 6.00% |
| Adjustable | Rate |
| 1/1 Adjustable | 6.00% |
| 3/1 Adjustable | 5.88% |
| 5/1 Adjustable | 6.00% |
| 7/1 Adjustable | 6.13% |
| 10/1 Adjustable | 6.25% |
The leading mortgage lenders in the state of Indiana include the following:
- Indiana Mortgage Funding, Inc.
- GSF Mortgage Corporation
- Forum Credit Union
- Link Federal Credit Union
- Indiana Loans and Mortgage Com
- AGI Mortgage Lending of Indiana, Inc.
- Indigo Financial Group, Inc
- First Mortgage Indiana
- Ace Mortgage Indiana
Contact Details
Indiana Association of Mortgage Brokers
5980 W 71st Street, Suite 200
Indianapolis, IN 46278
Phone: (317) 964-1225
Fax: (317) 964-1224
Toll Free: (877) 331-9416
