Now let’s talk about the top mortgage lenders in Indiana, based on their most recent year’s loan volume.
In 2024, nearly 900 mortgage companies funded about $28 billion in home loans there, with the average loan amount about $231,000.
But three lenders stood above the rest, and made the race for first place a very close one.
However, the nation’s former 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 | 2024 Loan Volume |
| 1. | Rocket Mortgage | $1.5 billion |
| 2. | Ruoff Mortgage | $1.4 billion |
| 3. | UWM | $1.2 billion |
| 4. | Fairway | $772 million |
| 5. | GVC | $758 million |
| 6. | Lennar Mortgage | $648 million |
| 7. | Chase | $578 million |
| 8. | Veterans United | $544 million |
| 9. | Freedom Mortgage | $501 million |
| 10. | Newrez | $423 million |
Last year, Rocket Mortgage funded $1.5 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 $1.4 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 United Wholesale Mortgage with an admirable $1.2 billion, followed by Fairway Home Mortgage with $772 million and Pendleton-based GVC Mortgage with $758 million.
The other big players in The Hoosier State included Lennar Mortgage, Chase, Veterans United, Freedom Mortgage, and Newrez.
Just two of the top 10 are headquartered in the state of Indiana (Ruoff and GVC).
Top Indiana Mortgage Lenders (for Home Buyers)
| Ranking | Company Name | 2024 Loan Volume |
| 1. | Ruoff Mortgage | $1.2 billion |
| 2. | UWM | $778 million |
| 3. | Fairway | $714 million |
| 4. | Rocket Mortgage | $696 million |
| 5. | GVC Mortgage | $687 million |
| 6. | Lennar Mortgage | $648 million |
| 7. | Chase | $453 million |
| 8. | Veterans United | $415 million |
| 9. | Vanderbilt Mortgage | $395 million |
| 10. | Hallmark Home | $371 million |
About 75% 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 again with $1.2 billion funded.
That was way more than any other company in the state, with second place UWM only managing $778 million and Fairway just $714 million
In fourth was Rocket Mortgage, followed by Indiana’s own GVC Mortgage.
The rest of the best included Lennar Mortgage, Chase, Veterans United, Vanderbilt Mortgage, and Wayne, Indiana-based Hallmark Home Mortgage.
All big, household names other than the three Indiana-based lenders (Ruoff, GVC, and Hallmark).
Typically, you’ll get more local brands when it comes to home purchase loans, but not the case in Indiana.
Top Refinance Lenders in Indiana (Existing Homeowners)
| Ranking | Company Name | 2024 Loan Volume |
| 1. | Rocket Mortgage | $724 million |
| 2. | UWM | $391 million |
| 3. | Freedom Mortgage | $356 million |
| 4. | Pennymac | $160 million |
| 5. | loanDepot | $132 million |
| 6. | Newrez | $130 million |
| 7. | Ruoff Mortgage | $129 million |
| 8. | Veterans United | $128 million |
| 9. | Fifth Third Bank | $119 million |
| 10. | Chase | $108 million |
There’s less loyalty, or need for face-to-face interaction when it comes to mortgage refinances. So typically the biggest national brands lead the way.
This was the case in Indiana, where Rocket Mortgage led with $724 million in refis during 2024.
UWM and Freedom Mortgage took second and third, but weren’t remotely close in terms of total loan volume.
In fourth was Pennymac with $160 million, followed by loanDepot with $132 million in fifth.
Others in the top 10 included Newrez, Ruoff Mortgage, Veterans United, Fifth Third Bank, and Chase.
Top Mortgage Lenders in Indianapolis
| Ranking | Company Name | 2024 Loan Volume |
| 1. | UWM | $610 million |
| 2. | Rocket Mortgage | $584 million |
| 3. | Lennar Mortgage | $504 million |
| 4. | Fairway | $473 million |
| 5. | GVC Mortgage | $469 million |
| 6. | Ruoff Mortgage | $390 million |
| 7. | MJW Financial | $326 million |
| 8. | Vanderbilt | $309 million |
| 9. | Chase | $265 million |
| 10. | Huntington Bank | $261 million |
Who Are the Best Indiana Mortgage Lenders?
There are literally thousands of reviews for the big, national mortgage companies and banks.
But what about the more local options, and specifically those headquartered in the state of Indiana?
Well, Ruoff Mortgage has an excellent 4.98/5 on Zillow from about 825 customer reviews, which is nearly perfect.
And GVC Mortgage has a 4.99/5 from over 200 reviews. Meanwhile, Evansville, IN-based Mortgage Masters of Indiana, Inc. has a perfect 5-star rating from nearly 1,300 reviews.
They aren’t on the big volume lists above, yet have an unheard of customer satisfaction score in Zillow.
There’s also Evansville Teachers FCU with a 4.99/5 from 400 reviews, First Savings Bank out of Jeffersonville with a 4.96-star rating, and Fishers, IN-based First Internet Bank of Indiana with a 4.70-star rating.
So clearly there are a lot of excellent mortgage options in the state of Indiana to choose from, whether big, medium, or small.
And while you’re searching for a home loan provider, don’t forget local, independent mortgage broker as well.
- UWM to Acquire Two Harbors to Beef Up Its Loan Servicing Game - December 17, 2025
- Mortgage Rates See Little Improvement Despite Highest Unemployment Since 2021 - December 16, 2025
- 2026 Mortgage Rate Predictions: Flat is the Word of the Year - December 15, 2025