×

Review Keywords Analysis

  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Indiana
  4. Indianapolis
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Indianapolis, IN

How much house can you afford in Indianapolis? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Indianapolis

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Grandview Lending, Inc.

Grandview Lending, Inc. focuses on guiding clients through the mortgage process with clear communication and personalized options. Their team assists with home loans and refinancing, often praised for responsiveness and thoroughness. Some customers note the process can be involved, but many appreciate the steady support throughout.

Services & Prices
Home Purchase Loans Quoted per loan
Home Refinancing Quoted per loan
First-Time Home Buyer Assistance Quoted per loan
View Profile
(317) 284-9716
Open 9:00 AM - 5:30 PM
8445 Keystone Crossing Blvd #101, Indianapolis, IN 46240, USA
General Services
Mortgage Services
2

Approved Mortgage Corporation

As the oldest and largest locally-owned mortgage banker in Central Indiana, Approved Mortgage Corporation works with over 20 investors to offer a wide range of residential, commercial, and business loans. Customers appreciate the team’s responsiveness and clear communication throughout the process, though some note the experience can feel fast-paced.

Services & Prices
Home Purchase Financing Quoted per loan
Refinancing Quoted per loan
Loan Pre-Approval Quoted per loan
View Profile
(317) 882-2255
Open 00:00 - 23:59
333 Alabama St Suite 350, Indianapolis, IN 46204, USA
General Services
Mortgage Services
3

MJW Financial LLC dba MJW Mortgage

MJW Financial has been helping buyers and homeowners refinance since 2008, focusing on clear communication and resourceful service. Their team guides clients through mortgage loans with timely responses and support, even outside regular hours. Customers appreciate their professionalism and thoroughness, though some note the process can be intense given market demands.

Services & Prices
First-Time Home Buyer Assistance Quoted per loan
Refinancing Quoted per loan
VA Loan Assistance Quoted per loan
View Profile
(317) 579-9483
Open 9:00 AM - 5:00 PM
8465 Keystone Crossing #145, Indianapolis, IN 46240, USA
General Services
Home Financing
4

Golden Oak Lending

Golden Oak Lending specializes in helping clients navigate mortgage options with clear explanations and personalized guidance. Their local loan officers assist both first-time buyers and experienced homeowners with finding suitable loan programs, including home equity loans. Customers appreciate the team’s communication and patience, though some have noted occasional concerns with responsiveness.

Services & Prices
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
Cash-Out Refinance Quoted per loan
View Profile
(317) 706-4653
Open 8:30 AM - 5:30 PM
8604 Allisonville Rd Suite 130, Indianapolis, IN 46250, USA
General Services
Home Purchase Loans
5

Langdon Mortgage Company, Inc

Langdon Mortgage Company, Inc combines mortgage brokerage with correspondent lending to offer faster closings and access to a broad range of loan programs. The team provides clear guidance throughout buying or refinancing, with many customers appreciating their patience, communication, and ability to simplify complex steps. Some find the process detailed but manageable with their support.

Services & Prices
Home Purchase Loans Quoted per loan
Refinance Loans Quoted per loan
VA Loans Quoted per loan
View Profile
(317) 844-2250
Open 8:30 AM - 5:30 PM
250 E 96th St #280, Indianapolis, IN 46240, USA
General Services
Mortgage Services
Where they are 9 on the map Click a pin for the profile and directions
6

Chapman Mortgage

Chapman Mortgage has been helping Indiana residents navigate home loans since 2000, with a focus on clear communication throughout the process. The team assists with buying and refinancing, guiding clients patiently through paperwork and questions. Customers appreciate their responsiveness and straightforward approach, though the process can involve extensive documentation.

Services & Prices
Home Purchase Quoted per loan
Refinance Quoted per loan
FHA Loan Quoted per loan
View Profile
(317) 883-2604
Open 00:00 - 23:59
8001 S Meridian St, Indianapolis, IN 46217, USA
General Services
Mortgage
7

PacRes Mortgage - Indianapolis, IN

PacRes Mortgage focuses on helping clients navigate home financing with clear communication and responsiveness. The team offers mortgage financing and refinancing services, guiding customers through what can be a complex process. While some clients mention occasional challenges, they appreciate the team’s friendly support and willingness to keep them informed.

Services & Prices
Conventional Loan Quoted per loan
FHA Loan Quoted per loan
VA Loan Quoted per loan
Cash-Out Refinance Quoted per loan
View Profile
(513) 572-5310
Open 8:00 AM - 5:00 PM
3960 Southeastern Ave #113, Indianapolis, IN 46203, USA
General Services
Home Loan
8

Bright Star Mortgage

Bright Star Mortgage focuses on guiding clients through the loan application process with clear explanations and personalized options. They offer home purchase and refinancing loans, working to secure competitive rates while keeping customers informed. Reviewers appreciate their responsiveness and smooth, low-stress approach, though the process can still feel involved.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Quoted per loan
FHA Loans Quoted per loan
View Profile
(317) 945-4555
Open 00:00 - 23:59
11043 Palatka Ct, Indianapolis, IN 46236, USA
General Services
Mortgage Services
9

Spectrum Mortgage Services, LLC

Known for working closely with first-time homebuyers and veterans, Spectrum Mortgage Services offers a variety of loan options including VA, FHA, USDA, and conventional mortgages. The team provides personal attention throughout the process, with many customers appreciating their clear communication, though some note occasional inconsistencies in follow-up.

Services & Prices
Home Purchase Mortgage Quoted per loan
Mortgage Refinancing Quoted per loan
Loan Estimates Quoted per loan
View Profile
(317) 849-1900
Open 8:00 AM - 6:00 PM
9616 Day Dr, Indianapolis, IN 46280, USA
General Services
Mortgage Services

Latest reviews of Indianapolis Mortgage Brokers

Written on TrustAnalytica by clients of the businesses in this list
  • Diana

    Steve Clark was so professional and answered all my questions and concerns right away. Never had to wait. He even took care of us while on his vacation. Very dedicated to his work!

  • William

    I was referred to John Dearth for a new mortgage. Could not be happier with my experience. Completely put together the mortgage while I was out of town. Got me an excellent rate. Couldn't be more accommodating. 5+ stars.

Indianapolis Mortgage Statistics

Home-purchase lending in Marion County and home costs in Indianapolis, IN (latest HMDA and Census data)

Lenders made 11,615 home-purchase loans in Marion County in 2025 (average about $260,000) and denied 1,803 — 13% of decided applications, compared with 12% across Indiana, according to federal mortgage data (HMDA, CFPB). In Indianapolis, the median home is worth $224,800 and 68% of owners have a mortgage, paying a median $1,462 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
11,615▼ 4%12,077 in 2024
Denial rate
13%IN 12%
Median home value
$224,800IN $218,200
Monthly cost with a mortgage
$1,462median · IN $1,404
Refinance loans made (Marion County, 2025)
6,679 · 5,162 in 2024
Home-improvement loans made (2025)
1,941
Average home-purchase loan
$260,000 (IN $298,000)
Owners with a mortgage
68% · 23% of them spend 30%+ of income on housing
Median household income
$66,219 (IN $71,957)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Marion County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Indianapolis Mortgage Brokers stats: 9 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Grandview Lending, Inc. 5.0 100 Quoted per loan (317) 284-9716 Visit
2 Approved Mortgage Corporation 5.0 100 Quoted per loan (317) 882-2255 Visit
3 MJW Financial LLC dba MJW Mortgage 4.7 101 Quoted per loan (317) 579-9483 Visit
4 Golden Oak Lending 4.7 68 Quoted per loan (317) 706-4653 Visit
5 Langdon Mortgage Company, Inc 5.0 56 Quoted per loan (317) 844-2250 Visit
6 Chapman Mortgage 5.0 54 Quoted per loan (317) 883-2604 Visit
7 PacRes Mortgage - Indianapolis, IN 5.0 26 Quoted per loan (513) 572-5310 Visit
8 Bright Star Mortgage 5.0 11 Quoted per loan (317) 945-4555 Visit
9 Spectrum Mortgage Services, LLC 4.0 12 Quoted per loan (317) 849-1900 Visit

How this Indianapolis mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

Indiana rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 0.76% of the home's value a year, the Indiana average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

9 questions
How does the mortgage affordability calculator work for Indianapolis?
It estimates the highest home price you can qualify for based on income, debts, down payment, and interest rate. It includes PMI and property tax.
How accurate is the mortgage affordability estimate?
It's an estimate; actual affordability depends on lender verification of income, debts, credit, and down payment during pre-approval.
What is the debt-to-income ratio requirement in Indiana?
Lenders often cap housing costs at 31% of income and total debts at 43%, but some loans allow more with strong credit.
What is the minimum down payment for a mortgage in Indiana?
Minimum down payments are 3% for conventional loans and 3.5% for FHA loans. VA and USDA loans may allow 0% down for eligible buyers.
How do interest rates affect what I can afford in Indianapolis?
Higher rates increase monthly payments, reducing the home price you can afford. Rates change weekly and impact affordability.
How do debts impact mortgage qualification?
Higher monthly debts reduce the amount you can borrow since lenders cap total debt payments at about 43% of income.
What is the property tax rate in Indiana?
The average property tax rate is about 0.76% of the home's value per year for owner-occupied homes.
What is the difference between pre-approval and pre-qualification?
Pre-approval involves lender verification of financial details, while pre-qualification is an initial estimate without verification.
How does PMI affect mortgage payments in Indiana?
PMI is added to conventional loans with less than 20% down, roughly 0.6% of the loan annually, and can be removed when the balance is below 80%.

General information, not financial advice — consult a qualified professional.