Indiana Mortgage Rates (2026)

Current average mortgage rates, median home prices, and top lenders in Indiana. Rates apply to primary residence purchases with good credit (740+).

30yr Fixed

7.07%

Avg APR

15yr Fixed

6.47%

Avg APR

Median Price

$240,000

Median home

Monthly P&I

$1,280

30yr at 80% LTV

Top Mortgage Lenders in Indiana

Rocket Mortgage

Online convenience

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30yr Fixed

15yr Fixed

6.4%

Min Down

Chase

Existing customers

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30yr Fixed

6.9%

15yr Fixed

6.3%

Min Down

Wells Fargo

Branch access

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30yr Fixed

7.1%

15yr Fixed

6.5%

Min Down

Bank of America

Preferred Rewards

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30yr Fixed

15yr Fixed

6.4%

Min Down

loanDepot

Low down payment

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30yr Fixed

6.9%

15yr Fixed

6.3%

Min Down

First-Time Buyer Programs in Indiana

✓IHCDA Next Home Program
✓IHCDA Helping to Own (H2O)

Mortgage Requirements in Indiana

•Min 640 credit score for IHCDA programs
•Purchase price limits apply
•DTI under 45%

Indiana Housing Market Facts

Indianapolis metro offers some of the best affordability of any major US city.

Indiana has relatively low property taxes (0.85% avg).

IHCDA provides up to 6% assistance for down payment and closing costs.

Compare Mortgage Rates in Other States

Alabama7.05%Alaska7.12%Arizona7.02%Arkansas7.08%California6.95%Colorado7%Connecticut6.98%Delaware7%Florida7.05%Georgia7.03%Hawaii6.88%Idaho7%

View all 50 states →