Top Mortgage Lenders in Indiana

Now let’s talk about the top mortgage lenders in Indiana, based on their most recent year’s loan volume.

In 2021, nearly 900 mortgage companies funded about $73 billion in home loans there, with the average loan amount about $199,000.

But two lenders stood above the rest, and made the race for first place a very close one.

However, the nation’s top lender, Rocket Mortgage, managed to hold off a much smaller competitor, just barely.

Read on to see which other mortgage companies were some of the largest in Indiana.

Top Mortgage Lenders in Indiana (Overall)

Ranking Company Name 2021 Loan Volume
1. Rocket Mortgage $3.5 billion
2. Ruoff Mortgage $3.4 billion
3. Caliber Home Loans $2.4 billion
4. Chase $2.1 billion
5. Freedom Mortgage $1.9 billion
6. 3Rivers FCU $1.9 billion
7. Huntington Bank $1.5 billion
8. Wells Fargo $1.3 billion
9. Fifth Third Bank $1.3 billion
10. Newrez $1.3 billion

Last year, Rocket Mortgage funded $3.5 billion in home loans in the state of Indiana, per HMDA data from Richey May.

That was just enough to hold off second place Ruoff Mortgage, which put up a very good fight with $3.4 billion funded.

The company is based in Fort Wayne, IN, and did their best to take the top spot in their home state.

In third was Coppell, TX-based Caliber Home Loans with an admirable $2.4 billion, followed by Chase with $2.1 billion and Freedom Mortgage with $1.9 billion.

The other big players in The Hoosier State included 3Rivers Federal Credit Union, Huntington Bank, Wells Fargo, Fifth Third Bank, and Newrez.

Just two of the top 10 are headquartered in the state of Indiana (Ruoff and 3Rivers), though two others are based in Ohio (Huntington and Fifth Third).

Top Indiana Mortgage Lenders (for Home Buyers)

Ranking Company Name 2021 Loan Volume
1. Ruoff Mortgage $2.2 billion
2. Caliber Home Loans $1.3 billion
3. GVC Mortgage $854 million
4. Fairway Independent $843 million
5. Chase $762 million
6. AmeriHome Mortgage $761 million
7. Rocket Mortgage $742 million
8. Newrez $684 million
9. U.S. Bank $676 million
10. Pennymac $618 million

About half of total mortgage volume consisted of home purchase loans in the state of Indiana.

And when we only consider these types of loans, hometown favorite Ruoff Mortgage takes the cake with $2.2 billion funded.

That was way more than any other company in the state, with second place Caliber Home Loans only…

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