Lowest Mortgage Rates in Indianapolis: November 2011

Falling home values across the country, as well as here in Indianapolis, are making today a perfect time to purchase a house at an affordable price. Even so, the cost of the property isn’t the only number you should factor into your decision. Mortgage rates in Indianapolis will also have a huge impact on how much you pay for your new home.

If you’re planning on home ownership, ensure you take the time to get the best possible mortgage rate first. We’ve compiled the local Indianapolis financial institutions with the very best interest rates on home loans right now. Find out if there’s a great deal near you.

Current Best Mortgage Rates in Indianapolis, IN

Different mortgage types are going to offer different mortgage rates, but no matter what type of loan you choose, there’s bound to be a great deal in Indianapolis. Below are the lowest mortgage rates offered by local Indianapolis lenders today for a variety of home loan types.

Best 15-Year Fixed Mortgage Rates in Indianapolis

• Indiana Members Credit Union: 3.25%
• • Orig. Fees: $625.000
  • Points: 0


• Bloomfield State Bank: 3.25%
• • No Orig. Fees
  • Points: 0


• Rock Financial: 3.25%
• • No Orig. Fees
  • Points: 1.75

Lowest 30-Year Fixed Mortgage Rates in Indianapolis

• Superior Mortgage Services, Inc: 3.88%
• • No Orig. Fees
  • Points: 0


• Huntington National Bank: 3.88%
• • No Orig. Fees
  • Points: 0.75


• Rock Financial: 3.99%
• • No Orig. Fees
  • Points: 2

Top 3/1 ARM Indianapolis Mortgage Rates

• Old National Bank: 2.5%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• BMO Harris Bank National Association: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• PNC Bank, National Association: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Best Mortgage Rates in Indianapolis for a 5/1 ARM

• Old National Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Fifth Third Bank: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• JPMorgan Chase Bank, National Association: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Ensure you confirm these interest rates with the lender before applying. Mortgage rates are accurate as of 11/01/11, but may change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Indianapolis mortgage rate.