Mortgage Lenders and Brokers in Salem, Indiana
Brian McKay
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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.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Salem, Indiana mortgage lenders include First Harrison BankFirst Harrison Bank1312 S Jackson St, Salem, IN 47167A+5.0 ★Texas Ratio: 3.57%, PNC Bank N.A.PNC Bank N.A.1 Public Sq, Salem, IN 47167A+5.0 ★Texas Ratio: 4.24%, Centra Credit UnionCentra Credit Union1208 S Jackson St, Salem, IN 47167A+5.0 ★Texas Ratio: 5.34%, Hoosier Hills Credit UnionHoosier Hills Credit Union630 Lincoln Ave, Bedford, IN 47421 2116A5.0 ★Texas Ratio: 7.37%, The New Washington State BankThe New Washington State Bank430 W Water St, Borden, IN 47106A5.0 ★Texas Ratio: 10.00%, Beacon Credit UnionBeacon Credit Union300 N Water St, Salem, IN 47167A+5.0 ★Texas Ratio: 2.46%, German American BankGerman American Bank2606 16th St, Bedford, IN 47421A+5.0 ★Texas Ratio: 1.93%, First Financial BankFirst Financial Bank104 Linksway, Aurora, IN 47001A+5.0 ★Texas Ratio: 3.21%, Fifth Third Bank, National AssociationFifth Third Bank, National Association100 Growth Pkwy, Angola, IN 46703A+5.0 ★Texas Ratio: 3.22%, and JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA29 S Sr 267, Avon, IN 46123A+5.0 ★Texas Ratio: 3.68%. 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 Salem, Indiana in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Salem 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 Salem, Indiana
Market share is the lender's share of all home loans closed in Salem, 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 |
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1 office in Salem 1312 S Jackson St, Salem, IN 47167 A+5.0 ★Texas Ratio: 3.57% |
Conventional, HELOC | 10 +6 HELOCs |
6.5% | 78.6% | $147,000 | View |
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★ 1.7 stars, 3 reviews 1 office in Salem 1 Public Sq, Salem, IN 47167 A+5.0 ★Texas Ratio: 4.24% |
Conventional, FHA, HELOC | 2 +8 HELOCs |
1.3% | 66.7% | $175,000 | View |
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1208 S Jackson St, Salem, IN 47167 A+5.0 ★Texas Ratio: 5.34% |
Conventional, HELOC | 9 +13 HELOCs |
5.8% | 69.2% | $82,777 | View |
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630 Lincoln Ave, Bedford, IN 47421 2116 A5.0 ★Texas Ratio: 7.37% |
Conventional, HELOC | 3 +1 HELOCs |
1.9% | 100% | $188,333 | View |
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430 W Water St, Borden, IN 47106 A5.0 ★Texas Ratio: 10.00% |
Conventional | 3 | 1.9% | 100% | $105,000 | View |
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300 N Water St, Salem, IN 47167 A+5.0 ★Texas Ratio: 2.46% |
Conventional, HELOC | 2 +5 HELOCs |
1.3% | 100% | $205,000 | View |
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2606 16th St, Bedford, IN 47421 A+5.0 ★Texas Ratio: 1.93% |
Conventional, HELOC | 2 +2 HELOCs |
1.3% | 100% | $260,000 | View |
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104 Linksway, Aurora, IN 47001 A+5.0 ★Texas Ratio: 3.21% |
Conventional | 2 | 1.3% | 100% | $85,000 | View |
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100 Growth Pkwy, Angola, IN 46703 A+5.0 ★Texas Ratio: 3.22% |
Conventional | 2 | 1.3% | 66.7% | $140,000 | View |
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29 S Sr 267, Avon, IN 46123 A+5.0 ★Texas Ratio: 3.68% |
VA | 1 | 0.6% | 100% | $135,000 | View |
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104 W 11th St, Bicknell, IN 47512 A+5.0 ★Texas Ratio: 4.37% |
Conventional | 1 | 0.6% | 100% | $25,000 | View |
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1201 James Ave, Bedford, IN 47421 A5.0 ★Texas Ratio: 8.44% |
Conventional | 1 | 0.6% | 100% | $155,000 | View |
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701 Highlander Point Dr, Floyds Knobs, IN 47119 A+5.0 ★Texas Ratio: 3.87% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
First Savings Bank
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Conventional, HELOC | 5 +4 HELOCs |
3.2% | 100% | $143,000 | |
Ruoff Mortgage Company
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Conventional, FHA, VA | 3 | 1.9% | 100% | $235,000 | |
Mjw Financial LLC dba Mjw Mortgage
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Conventional | 1 | 0.6% | 100% | $155,000 | |
Leaderone Financial Corp.
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Conventional, FHA, VA, USDA | 20 | 12.9% | 95.2% | $143,500 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 9 | 5.8% | 90% | $207,222 | |
Rocket Mortgage
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Conventional, FHA | 9 | 5.8% | 75% | $147,222 | |
Kind Lending, LLC
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Conventional, FHA, VA, USDA | 5 | 3.2% | 100% | $215,000 | |
Success Mortgage Partners, Inc
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Conventional, FHA | 3 | 1.9% | 100% | $138,333 | |
Direct Mortgage Loans, LLC
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Conventional, FHA, USDA | 3 | 1.9% | 100% | $171,666 | |
Nationstar Mortgage
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Conventional, FHA | 3 | 1.9% | 75% | $135,000 | |
New American Funding, LLC.
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Conventional, FHA, USDA | 3 | 1.9% | 100% | $121,666 | |
Lower, LLC
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Conventional, FHA | 3 | 1.9% | 100% | $221,666 | |
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A-5.0 ★Texas Ratio: 14.97% |
FHA, USDA | 3 | 1.9% | 100% | $195,000 | View |
Ark-La-Tex Financial Services LLC
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Conventional, USDA | 3 | 1.9% | 100% | $118,333 | |
Interlinc Mortgage Services, LLC
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Conventional | 2 | 1.3% | 100% | $130,000 | |
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C3.9 ★Texas Ratio: 27.97% |
Conventional, USDA | 2 | 1.3% | 100% | $130,000 | View |
American Financial Resources LLC
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Conventional | 2 | 1.3% | 100% | $185,000 | |
Lakeview Loan Servicing, LLC
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FHA | 2 | 1.3% | 100% | $125,000 | |
Freedom Mortgage Corporation
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FHA | 2 | 1.3% | 100% | $155,000 | |
Newrez LLC
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FHA | 2 | 1.3% | 50% | $175,000 | |
Equity Prime Mortgage LLC
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FHA, USDA | 2 | 1.3% | 100% | $165,000 | |
ALCOVA Mortgage, LLC
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FHA, USDA | 2 | 1.3% | 100% | $140,000 | |
Amerisave Mortgage Company
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Conventional | 2 | 1.3% | 50% | $100,000 | |
loanDepot.com LLC
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FHA, VA | 2 | 1.3% | 66.7% | $90,000 | |
Farm Credit Mid-America, Aca
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Conventional | 2 | 1.3% | 66.7% | $215,000 | |
Fairway Independent Mort Corp
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Conventional, FHA | 2 | 1.3% | 100% | $70,000 | |
21St Mortgage
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Conventional | 2 | 1.3% | 66.7% | $145,000 | |
EMM Loans LLC
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Conventional | 1 | 0.6% | 100% | $215,000 | |
Premier Mortgage Resources, LLC
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Conventional | 1 | 0.6% | 100% | $75,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.6% | 100% | $275,000 | |
Filo Mortgage, LLC
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Conventional | 1 | 0.6% | 100% | $115,000 | |
Pennymac Loan Services LLC
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VA | 1 | 0.6% | 100% | $135,000 | |
Guild Mortgage Company
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USDA | 1 | 0.6% | 100% | $225,000 | |
American Financial Network, Inc.
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VA | 1 | 0.6% | 100% | $175,000 | |
Cmg Mortgage Inc
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FHA | 1 | 0.6% | 100% | $225,000 | |
Click n' Close, Inc.
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FHA | 1 | 0.6% | 100% | $105,000 | |
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A+5.0 ★Texas Ratio: 1.91% |
Conventional | 1 | 0.6% | 100% | $205,000 | View |
ClearPath Lending
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VA | 1 | 0.6% | 100% | $235,000 | |
First Colony Mortgage Corporat
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FHA | 1 | 0.6% | 100% | $155,000 | |
Farmers Bank of Milton
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Conventional | 1 | 0.6% | 100% | $65,000 | |
Park Community Credit Union
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Conventional | 1 | 0.6% | 100% | $75,000 | |
Mortgage Research Center
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VA | 1 | 0.6% | 100% | $175,000 | |
Pike Creek Mortgage Services, Inc.
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FHA | 1 | 0.6% | 100% | $155,000 | |
The Loan Store, Inc
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USDA | 1 | 0.6% | 100% | $165,000 | |
Texana Bank
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Conventional | 1 | 0.6% | 100% | $85,000 | |
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A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Valon Mortgage
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HELOC | 0 +1 HELOCs |
0% | n/a |
Salem 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 Salem, Indiana
Looking for mortgage lenders near me or mortgage brokers near me in Salem? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Salem in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Salem, IN
Use these to narrow the list above. Each category shows how many Salem, IN lenders fit and what that kind of lender is usually best for.
Who Lends in Salem, IN
Independent mortgage companies closed 66.5 percent of home loans in Salem, Indiana in 2025, banks 22.6 percent and credit unions 11 percent. Ruoff Mortgage Company was the largest mortgage company, First Harrison Bank the largest bank and Centra Credit Union the largest credit union. Among lenders headquartered in Indiana, First Harrison Bank led with 10 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 Salem, IN
By home loans closed in 2025, First Harrison Bank was the largest mortgage lender in Salem, Indiana with 10 loans, about 6.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
24 lenders closed FHA loans in Salem, Indiana in 2025, led by Leaderone Financial Corp. with 5. 10 lenders closed VA loans, led by United Wholesale Mortgage, and 11 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. 15 banks and 6 credit unions closed home loans in Salem, Indiana in 2025, alongside 39 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 Salem, 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 Salem, 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 Salem. 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.
