Mortgage Lenders and Brokers in Covington, Indiana
Brian McKay
|
iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
|
✓Fact Checked
|
Loan Rates Last Updated and Verified: October 7, 2026
Covington, Indiana mortgage lenders include The Fountain Trust CompanyThe Fountain Trust Company615 3rd St, Covington, IN 47932A+5.0 ★Texas Ratio: 3.40%, Old National BankOld National Bank401 Washington St, Covington, IN 47932A+5.0 ★Texas Ratio: 4.98%, First Financial Bank NAFirst Financial Bank NA7995 N State Road 59, Brazil, IN 47834A+5.0 ★Texas Ratio: 4.65%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA29 S Sr 267, Avon, IN 46123A+5.0 ★Texas Ratio: 3.68%, The Hometown Savings BankThe Hometown Savings Bank260 E National Ave, Brazil, IN 47834B+4.2 ★Texas Ratio: 6.19%, US Bank, N.A.US Bank, N.A.720 W 30th St, Connersville, IN 47331A+5.0 ★Texas Ratio: 2.85%, Huntington National BankHuntington National Bank101 S Harrison St, Alexandria, IN 46001A+5.0 ★Texas Ratio: 3.66%, Bank of America NABank of America NA6859 E Us Highway 36, Avon, IN 46123A+5.0 ★Texas Ratio: 4.14%, First Financial BankFirst Financial Bank104 Linksway, Aurora, IN 47001A+5.0 ★Texas Ratio: 3.21%, and Industrial Federal C. U.Industrial Federal C. U.Lafayette, IN. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Covington, Indiana in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Covington are listed first, then lenders elsewhere in Indiana, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Covington, Indiana
Market share is the lender's share of all home loans closed in Covington, Indiana. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
|---|---|---|---|---|---|---|
|
615 3rd St, Covington, IN 47932 A+5.0 ★Texas Ratio: 3.40% |
Conventional | 6 | 6.4% | 75% | $120,000 | View |
|
1 office in Covington 401 Washington St, Covington, IN 47932 A+5.0 ★Texas Ratio: 4.98% |
Conventional, USDA, HELOC | 4 +1 HELOCs |
4.3% | 100% | $160,000 | View |
|
7995 N State Road 59, Brazil, IN 47834 A+5.0 ★Texas Ratio: 4.65% |
Conventional | 2 | 2.1% | 75% | $80,000 | View |
|
29 S Sr 267, Avon, IN 46123 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 1.1% | 100% | $425,000 | View |
|
260 E National Ave, Brazil, IN 47834 B+4.2 ★Texas Ratio: 6.19% |
Conventional | 1 | 1.1% | 100% | $175,000 | View |
|
720 W 30th St, Connersville, IN 47331 A+5.0 ★Texas Ratio: 2.85% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
|
101 S Harrison St, Alexandria, IN 46001 A+5.0 ★Texas Ratio: 3.66% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
|
6859 E Us Highway 36, Avon, IN 46123 A+5.0 ★Texas Ratio: 4.14% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
|
104 Linksway, Aurora, IN 47001 A+5.0 ★Texas Ratio: 3.21% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Industrial Federal C. U.
|
Conventional | 10 | 10.6% | 100% | $50,000 | |
Ruoff Mortgage Company
|
Conventional, FHA | 3 | 3.2% | 100% | $221,666 | |
Mjw Financial LLC dba Mjw Mortgage
|
VA | 1 | 1.1% | 100% | $385,000 | |
Wolfe Financial Inc
|
Conventional, FHA | 8 | 8.5% | 100% | $210,000 | |
Rocket Mortgage
|
Conventional, FHA | 6 | 6.4% | 60% | $178,333 | |
|
A5.0 ★Texas Ratio: 10.85% |
Conventional | 5 | 5.3% | 100% | $85,000 | View |
Mortgage Research Center
|
VA | 5 | 5.3% | 83.3% | $315,000 | |
Fair Way Lending, LLC
|
Conventional, FHA | 4 | 4.3% | 100% | $155,000 | |
|
A5.0 ★Texas Ratio: 8.41% |
Conventional | 4 | 4.3% | 100% | $240,000 | View |
Iroquois Federal Savings & Loan Association
|
Conventional | 4 | 4.3% | 100% | $265,000 | |
United Wholesale Mortgage
|
Conventional, FHA, VA | 3 | 3.2% | 75% | $228,333 | |
Freedom Mortgage Corporation
|
FHA, VA | 3 | 3.2% | 100% | $241,666 | |
Carrington Mortgage Services LLC
|
Conventional, FHA | 3 | 3.2% | 100% | $138,333 | |
Newrez LLC
|
Conventional | 2 | 2.1% | 66.7% | $80,000 | |
Pennymac Loan Services LLC
|
FHA, VA | 2 | 2.1% | 100% | $215,000 | |
Union Home Mortgage Corp.
|
Conventional | 2 | 2.1% | 100% | $180,000 | |
Mutual of Omaha Mortgage
|
VA | 2 | 2.1% | 66.7% | $265,000 | |
Nbkc Bank
|
VA | 1 | 1.1% | 100% | $315,000 | |
Amerisave Mortgage Company
|
FHA | 1 | 1.1% | 25% | $85,000 | |
Cmg Mortgage Inc
|
Conventional | 1 | 1.1% | 100% | $135,000 | |
Jlb Corporation dba Golden Oak Lending
|
FHA | 1 | 1.1% | 100% | $145,000 | |
American Financing Corporation
|
Conventional | 1 | 1.1% | 100% | $95,000 | |
New Day Financial, LLC.
|
VA | 1 | 1.1% | 50% | $105,000 | |
Planet Home Lending, LLC
|
VA | 1 | 1.1% | 100% | $275,000 | |
Nationstar Mortgage
|
Conventional | 1 | 1.1% | 100% | $65,000 | |
|
A+5.0 ★Texas Ratio: 3.82% |
Conventional | 1 | 1.1% | 100% | $155,000 | View |
Fairway Independent Mort Corp
|
Conventional | 1 | 1.1% | 50% | $315,000 | |
|
A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 1.1% | 100% | $175,000 | View |
Texana Bank
|
VA | 1 | 1.1% | 100% | $215,000 | |
Village Capital & Investment
|
FHA | 1 | 1.1% | 100% | $125,000 | |
Figure Lending LLC
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
Spring Eq, LLC
|
HELOC | 0 +1 HELOCs |
0% | n/a |
Covington Mortgage Rate Trends
Daily average mortgage rates for Indiana compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Covington, Indiana
Looking for mortgage lenders near me or mortgage brokers near me in Covington? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Covington in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Covington, IN
Use these to narrow the list above. Each category shows how many Covington, IN lenders fit and what that kind of lender is usually best for.
Who Lends in Covington, IN
Independent mortgage companies closed 56.4 percent of home loans in Covington, Indiana in 2025, banks 33 percent and credit unions 10.6 percent. Ruoff Mortgage Company was the largest mortgage company, The Fountain Trust Company the largest bank and Industrial Federal C. U. the largest credit union. Among lenders headquartered in Indiana, The Fountain Trust Company led with 6 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Title or escrow companies usually handle closings in Indiana. None
More Indiana Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Covington, IN
By home loans closed in 2025, The Fountain Trust Company was the largest mortgage lender in Covington, Indiana with 6 loans, about 6.4 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
11 lenders closed FHA loans in Covington, Indiana in 2025, led by Wolfe Financial Inc with 5. 10 lenders closed VA loans, led by Mortgage Research Center, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 16 banks and 1 credit unions closed home loans in Covington, Indiana in 2025, alongside 24 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Covington, Indiana during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Covington, Indiana for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Covington. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
