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Indiana

Current Indiana Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Indiana. Review free, personalized mortgage rates for Indiana based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Indiana. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Indiana as of July 6, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Indiana Mortgage Rates Compare?

July 6, 2020

The current average rate for a 30 year fixed rate mortgage in Indiana is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Indiana Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Indiana?

Below we offer valuable insights on the housing market and real estate prices in Indiana. Understand how much you need to make to buy a house in Indiana, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Indiana is affordable for you. We provide this helpful information to help you decide if living in Indiana is right for you.

The median home value for Indiana is $164,741

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Indiana is $29,649

With this income, you could qualify for a $148,267 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Indiana is $687

The median household income for Indiana is $56,385

Based on this income, you can afford a home valued at approximately $313,293

The home price you can afford to buy based on household income in Indiana is 190% of the median home value which means housing prices are super affordable. Indiana ranks 7 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Indiana is super affordable

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Additional Mortgage Resources for Indiana Residents

Mortgage Rates for Indiana Cities

Anderson Mortgage Rates

Bloomington Mortgage Rates

Carmel Mortgage Rates

Elkhart Mortgage Rates

Evansville Mortgage Rates

Fort Wayne Mortgage Rates

Gary Mortgage Rates

Hendricks Mortgage Rates

Indianapolis Mortgage Rates

Jeffersonville Mortgage Rates

Johnson Mortgage Rates

La Porte Mortgage Rates

Lafayette Mortgage Rates

Muncie Mortgage Rates

South Bend Mortgage Rates

Terre Haute Mortgage Rates

Valparaiso Mortgage Rates