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Indiana Mortgage Lenders

Shop and compare mortgage rates by state and get a quote from Mid-West loan officers that extend bad credit mortgages. Visit our blog and check out our real estate articles that provide a healthy perspective for consumers in Indiana.

Compare Fixed Mortgage Rates with Competitive Lenders

Refinancing into a mortgage with a fixed interest rate is a great way to prevent inflation because the rates cannot change for 30-years. Our Indiana mortgage lenders will find you an affordable loan while helping credit rebound

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According to Zillow, interest rates for 30-year home loans averaged 3.49% this week, down from 3.53% last week. Last year at this time, average rates for 30-year mortgages were about 4.5 percent. Let our Indiana lenders find you the best home loan offers today.

  • Remodel your home for increased value
  • Combine two loans into one new mortgage
  • Get rid of compounding credit card interest
  • Consolidate all your bills into one lower payment
  • Refinance your adjustable rate 2nd mortgages
  • Learn how to save when consolidating debt
  • Home Mortgages with interest only options
  • Convert variable interest to a fixed rate loan
  • Rebuild your credit & raise fico scores
  • Access quick money with Second Mortgages
  • Get cash back for vacation home investments
  • Consider fixed home refinancing offers
  • Finance house repairs
  • Refinance high rate credit lines
Mortgage Rates for Indiana
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Evansville    


We provide new opportunities for people with past bankruptcies or foreclosures because we are mortgage lenders for bad credit solutions.

Best Indiana Mortgage Rates

Taking out a simple interest equity loan or debt refinancing can help increase your fico scores rapidly

 

 
Mortgage Terms to Know for the Loan Process

Annual Percentage Rate (APR)

Second Mortgage

Home Equity Line of Credit

Is a interest rate reflecting the cost of a mortgage as a yearly rate. This rate is likely to be higher than the stated note rate or advertised rate on the mortgage, because it takes into account point and other credit cost. The APR allows home buyers to compare different types of mortgages based on the annual cost for each loan.

A fixed or adjustable rate loan, secured by the equity in your home. Interest is usually tax-deductible to 100% CLTV. Often used for home improvement or freeing of equity for investment in other real estate or investment. Great loan for refinancing to replace or substitute for consumer loans whose interest is not tax-deductible like credit card debt and personal loans.

A loan providing you with the ability to borrow funds at the time and in the amount you choose, up to a maximum credit limit for which you have qualified. Repayment is secured by the equity in your home. Simple interest (interest-only payments on the outstanding balance) is usually tax-deductible. Often used for home improvements, major purchases or expenses, and debt consolidation.

Combined Loan to Value Fixed Rate Mortgage Jumbo Home Mortgage

The relationship between the unpaid principal balances of all the mortgages on a property and the property's appraised value.

A mortgage loan with an interest rate that is fixed for the term of the loan. Monthly payments are fixed evenly for a specific term.

A loan which is larger (more than $417,000) than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.

FICO score

Good Faith Estimate

Negative Amortization

A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills. Scoring has become widely accepted by lenders as a reliable means of credit evaluation

A written estimate of closing costs which a lender must provide you within three days of submitting an application.

Occurs when your monthly payments are not less than the interest due. This unpaid interest is added to the unpaid balance of the loan. The danger of negative amortization is that the homebuyer ends up owing more than the original amount of the loan.

Nationwide Mortgage Loan Terms:

  1. First Mortgage Product is available with a 2/28 or 3/27 LIBOR ARM, a 15/15 and 30/30 fixed term, and a 30/15-balloon term. The 2/28, 3/27 and 30/30 terms are available with an Interest Only option with some restrictions.
  2. The Second Mortgage Loans are available with a 15,20, 25 and 30-Year fixed term and a 30/15-balloon term..
  3. Pricing is subject to change daily. Please refer to loan officer for updated interest rates by state.
  4. 40 Yr Amortization: First Mortgage programs are available with a 2/38 or 3/37 LIBOR ARM and 40/30 Balloon first
  5. Interest only is available on the 2/28, 3/27 and 30/30 first liens only

40-Year Amortization Term

  • Four options available: 40-Year Fixed,
  • Maximum LTV 100%, Maximum CLTV 100%
  • Loan Amounts to $1,500,000
  • 100% LTV Full Doc minimum 580 Credit Score
  • 95% LTV Stated Doc minimum 620 Credit Score
  • Maximum Debt to Income - 55% up to 90% LTV;

Documentation Types - Full, Limited and Stated Income


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