Lucas BrennanPurchasing a house will always be exciting. This is the chance to finally get that gorgeous property with a pool, or maybe build your dream house from scratch.
But the process isn’t easy peasy. Unless you’re as rich as a millionaire celebrity, buying a property won’t be a walk in the park—it’s not like we all have hundreds of thousands of cash in hand.
Like most homeowners in Indy, my wife and I got a loan to purchase our first (and only) home, thanks to a fantastic mortgage broker referred to us.
We’ve walked the path and done the research, so you can count on our list of the city’s best options to help you get your dream home. Read on to know more!
How does a mortgage broker get paid in Indianapolis?
A mortgage broker in Indianapolis typically gets paid either by the lender through a commission of around 1% to 2%, or by the borrower via a fixed rate. Some charge both the lender and the borrower.
1. Grandview Lending
Address: 8445 Keystone Crossing Blvd #101
Contact: (317) 286-6842, [email protected]
Hours:
- Monday – Friday: 9 am – 5:30 pm
- Saturday: 9 am – 1 pm
We appreciate Grandview Lending because they’re easy to access, since they offer a bunch of services for all sorts of financial situations. They mostly focus on home buying and refinancing, while providing other loan products for every type of client.
For example, they’ve got solutions for first-time homebuyers, veterans, active duty service members, and investors. The fact that they cater to future homeowners and businesses makes them super accessible.
It’s safe to say that their mortgage brokers won’t leave anyone in the lurch. Loan solutions are also available for self-employed individuals and freelancers, who usually have a tough time getting one because of their non-traditional incomes.
They offer all types of home financial assistance, such as conventional, jumbo, FHA, USDA, and VA loans. The tailored solutions are helpful too, since not all situations require cookie-cutter approaches.
Another thing we like is their professionalism. When we spoke with the clients they worked with, the majority noted the overall efficiency of the loan process and had no issues with communication, except on Sundays, but most brokers were still flexible.
Blown away by how informative and kind
“My husband and I worked with Micheal to purchase our first home this month. We were blown away with how informative and kind he was. He explained things so well and walked us through the entire process. Anyone in Indiana looking to buy a home I would recommend grand view lending 10/10.”
-Simply Monique, Google Review
On top of everything
“I have purchased homes in the past but have NEVER had such and incredible experience as I did with Tirath Singh. He was on top of everything and very communicative any day any time. Never had a lender to take care of my needs like him. Great guy to work with!!”
-Steven Stuart, Google Review
2. Approved Mortgage
Address: 333 Alabama St Ste#350
Contact: (877) 756-2777, (317) 882-2255
Hours: 24 hours (online form)
Approved Mortgage made it to our list because they’ve got all the bases covered. That wasn’t surprising, given their over three decades of experience in the industry, giving them a wide network and strong connections.
Take their list of lenders, for example, which is over 20 to accommodate all sorts of needs and goals for residential, business, and commercial clients. Since their establishment, they’ve funded over $6.5 billion in loans—an impressive number!
It’s the same for their products, which include a variety of loan programs to help clients find the best fit for their budgets. They have FHA, VA, conventional, USDA, jumbo, and refinance loans.
Additionally, their mortgage brokers offer specialty loan solutions that cater to unique borrower needs. These can help anyone who cannot find a solution via the traditional methods, usually for self-employed individuals and seniors aged 65 and over.
The overall communication was positive, based on our client surveys. There were just a couple of hiccups, since some borrowers felt that better verbal communication could’ve prevented confusion, but it’s not like the loan process had any problems.
Very helpful throughout the process
“Approved Mortgage was very helpful throughout the process. Dan kept me up to date and informed and answered my numerous questions. Thank you for taking the time to walk me through the process and sharing your knowledge.”
-Sheila Mathes, Google Review
Wonderful to work with
“Approved Mortgage was wonderful to work with! Sharon was available at any time for questions, and was able to give us calming reassurance whenever we had concerns. She proactively let me know when new milestones had been reached. She has a wealth of knowledge and helped us through various decisions. She was very personable, friendly, and never made me feel unintelligent. I couldn’t imagine anything they could possibly do to make this process more easy or transparent. Closing was smooth, only took 30 minutes total, and we own our new home!”
-Gabriel Haynie, Google Review
3. GVC Mortgage
Address: 3901 W 86th St
Contact: (317) 564-4906
Hours: Monday – Friday: 9 am – 5 pm
One of our top mortgage brokers in Indianapolis is GVC Mortgage, which has an impressive track record. They’ve funded loans totaling over $10 billion and have assisted over 61,000 borrowers.
It was to be expected because they cover the whole nine yards for homebuyers, such as FHA, USDA, VA, jumbo, and doctors-only loans. Plus, we highly appreciate their dedication to finding the most flexible rates.
A bit of a bump is that their main client base is the Greater Carmel Area, which is part of the Indianapolis Metropolitan Area, but still limited in terms of coverage when you compare them to other mortgage brokers in Indy.
Nonetheless, their reliability is worth noting. Based on what we’ve seen, they were personable yet professional, understood each borrower’s situation, and carried out the loan process in a timely manner.
They’re flexible, despite being closed on weekends, when competitors are usually open daily. Their mortgage brokers remained in constant communication, anyway, which is what’s most important in this case.
Went above and beyond for us in all ways
“I have now had two home loans through GVC Mortgage and each time it has been an awesome experience. Ben was our Mortgage Consultant, and he went above and beyond for us in all ways! His communication, timeliness, and knowledge are top notch. I will only ever recommend GVC to people looking for a home mortgage. Thank you, Ben!”
-Samantha Heath, Google Review
The process was smooth and seamless
“The process was smooth and seamless. I was kept informed throughout the whole process and if I ever had a question my agent was always available and very knowledgeable. By the end of buying my house it felt like I had made a new friend. Veronica was great to work with, very professional and knowledgeable and always made time.”
-Lora Plummer, Google Review
4. Hallmark Home Mortgage
Address: 9000 Keystone Crossing #850
Contact: 1 (800) 201-7544
Hours: Monday – Friday: 8 am – 5 pm
Hallmark Home Mortgage combines personal and digital loan support, which is one of the things we like about them. This approach makes the loan process smoother, which is helpful for individuals who are pressed for time in purchasing a home.
The mixed support is possible because of their eHome mortgage app, making the whole process more efficient while providing better transparency. Aside from getting 24/7 access, borrowers can sign papers online instead of bringing them in person.
Things have a good flow, overall, which is why we don’t mind that they’re closed on weekends. Their brokers still remained in constant communication, according to the clients we conversed with, sometimes even responding after regular work hours.
Commercial and business services take a back burner, though. Their main focus is homebuyers, providing traditional and specialty loan programs, such as conventional, VA, USDA, doctor loan, and downpayment assistance—still a wide range, at least.
The whole team was amazing
“I worked with Jordan and his team to get a mortgage for my first home. The whole team was amazing and could not have made the process go any smoother. Jordan and Eddie specifically were always available and willing to answer questions whenever I had them. My wife and I could not be happier with how everything worked out.”
-Caleb Cook, Google Review
Incredibly knowledgeable, transparent, and attentive
“Bill, Amy and team are incredibly knowledgeable, transparent and attentive to every detail, making the entire process smooth and stress free. I highly recommend Bill and the Hallmark team to anyone looking for a mortgage professional who truly cares about their clients and delivers exceptional service.”
-Ashley Stokes, Google Review
5. Mamba Mortgage
Address: 2201 E 46th St Ste 301
Contact: (317) 584-7767, [email protected]
Hours: Monday – Friday: 9 am – 5 pm
The accessibility of Mamba Mortgage makes them one of our top mortgage brokers in Indianapolis. They specialize in assisting real estate investors in getting loans while still providing support to individual homebuyers.
We like how they’ve got every loan option nailed down, including fixed-rate mortgages, FHA loans, investment property programs, low downpayment options, and refinancing. All these services basically allow them to provide tailored solutions for every need.
The free consultations are common, but they elevate it by providing a comprehensive talk and convenient access for borrowers. For instance, they’re very informative, even before you formally hire them as your mortgage broker.
One of their most notable features is how easy they are to work with. We learned during our surveys that their brokers provided various financing options that mostly include better interest rates.
Except for their lack of availability on weekends, they’re easy to work with. Clients even noted that they felt genuine care coming from their mortgage brokers, which isn’t a common thing in this industry.
Made the process feel easy and empowering
“I can’t say enough good things about Jared. He helped me qualify for down payment assistance I didn’t even know was an option, got me a great rate despite my credit not being perfect, and the best part? Instead of paying out of pocket at closing, I actually walked away with a small check in hand. He made what could’ve been a stressful process feel easy and empowering!”
-Andrea FuFig, Google Review
Service is above and beyond
“Jared and his team had been my go to for purchase/refinance for several years now. Their service is above and beyond great customer services. I am thankful to have them on my team throughout my REI journey.”
-Thomas Lam, Google Review
