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Get a mortgage without the headache

Reasons to Choose MutualBank for Your Mortgage

 

 

Expert Assistance

Buying a home can be overwhelming. But it doesn't need to be! Our mortgage experts can help you every step of the way.

Quick Online/Mobile Application

Complete our online mortgage application in as little as 10 minutes from your computer, smartphone, or tablet.

Variety of Mortgage Options

We offer fixed and variable home loans, FHA, VA and USDA loans, new construction loans, bridge loans, and more!

Community Focused

All mortgage decisions and approvals are made right here in Indiana. That means your payments stay in your community and help the local economy.

Fast Financing

We’ll help you close on your loan quickly, so you can get moved into your new home in no time.

Rave Reviews

Ask anyone you know who has received home financing through MutualBank. We're confident they'll share a positive experience.

Check Today`s Rate

Our Current Mortgage Rates

 

30 Year
Fixed Rate

As low as

4.750%
 

(4.857% APR)


0.000% Points

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

20 Year
Fixed Rate

As low as

4.625%
 

(4.769% APR)


0.000% Points

 
 

15 Year
Fixed Rate

As low as

4.250%
 

(4.428% APR)


0.000% Points

 
 

7 Year
Adjustable Rate

As low as

4.625%
 

(5.175% APR)


0.000% Points

5 Year
Adjustable Rate

As low as

4.500%
 

(5.244% APR)


0.000% Points

1 Year
Adjustable Rate

As low as

4.250%
 

(5.548% APR)


0.000% Points

Note that the interest rates and annual percentage rates (APRs) shown here are available to borrowers with excellent credit scores (750 or higher) and no more than 60% Loan-to-Value (LTV). The actual interest rates and APRs available to you may vary based on your credit score, Loan-to-Value (LTV) ratio and other factors, and may be higher than those displayed here.

Interest rates and APRs displayed are based on 30-year term.

For Adjustable Rate Mortgages, the interest rate, APR and payment amount can increase after consummation of the loan.

APR - Annual Percentage Rate

SUBJECT TO CREDIT APPROVAL

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Start Your Application 

 

 

Need expert guidance? We love to help!


Work with a Home Loan Expert 

 

 

 


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Our simple mortgage process

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Financing our first home seemed like an impossible feat at the time even though that house was less than most mid-sized cars are today. We were just starting out and didn’t know anything about buying or financing a home. The professional people at MutualBank helped us through the process and made our dream of home ownership come true.

John Finley

MutualBank has made it possible for us buy two different homes in a stress free transaction. There was never any surprises nor any pressure to buy any other services. The communication was outstanding throughout the process.

Curt Singrey

We have Answers

Frequently Asked Questions About Buying a Home

open
Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?
x
Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?

You can use the APR as a guideline to shop for loans but you should not depend solely on the APR in choosing the loan program that's best for you. Look at total fees, possible rate adjustments in the future if you're comparing adjustable rate mortgages, and consider the length of time that you plan on having the mortgage.

Also, unfortunately, the APR doesn't include all the closing fees and lenders are allowed to interpret which fees they include. Fees for things like appraisals, title work, and document preparation are not included even though you'll probably have to pay them.

Lastly, don't forget that the APR is an effective interest rate–not the actual interest rate. Your monthly payments will be based on the actual interest rate, the amount you borrow, and the term of your loan.

open
What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?
x
What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?

A 15-year fixed rate mortgage gives you the ability to own your home free and clear in 15 years. While the monthly payments are somewhat higher than a 30-year loan, the interest rate on the 15-year mortgage is usually a little lower. More importantly, you'll pay less than half the total interest cost of the traditional 30-year mortgage.

However, if you can't afford the higher monthly payment of a 15-year mortgage don't feel alone. Many borrowers find the higher payment out of reach and choose a 30-year mortgage.

open
Can someone apply for a loan before he/she finds a property to purchase?
x
Can someone apply for a loan before he/she finds a property to purchase?

Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we could issue an approval subject to you finding the perfect home. You can use the pre-qualification letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-qualification letter for a mortgage may give more weight to any offer to purchase that you make.

When you find the perfect home, you'll simply call your Mortgage Lender to complete your application. You'll have an opportunity to lock in our great rates and fees then and we'll complete the processing of your request.

open
Tell me more about closing fees and how they are determined.
x
Tell me more about closing fees and how they are determined.

A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. Any lender or broker should be able to give you an estimate of their fees, but it is more difficult to tell which lenders have done their homework and are providing a complete and accurate estimate. We take quotes very seriously and have completed the research necessary to make sure that our fee quotes are accurate to the city level.

  • Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?

    Is comparing APRs typically the best way to decide which lender has the lowest rates and fees?


    You can use the APR as a guideline to shop for loans but you should not depend solely on the APR in choosing the loan program that's best for you. Look at total fees, possible rate adjustments in the future if you're comparing adjustable rate mortgages, and consider the length of time that you plan on having the mortgage.

    Also, unfortunately, the APR doesn't include all the closing fees and lenders are allowed to interpret which fees they include. Fees for things like appraisals, title work, and document preparation are not included even though you'll probably have to pay them.

    Lastly, don't forget that the APR is an effective interest rate–not the actual interest rate. Your monthly payments will be based on the actual interest rate, the amount you borrow, and the term of your loan.

  • What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?

    What are typical reasons why someone might choose a 15-year loan rather than a 30-year loan?


    A 15-year fixed rate mortgage gives you the ability to own your home free and clear in 15 years. While the monthly payments are somewhat higher than a 30-year loan, the interest rate on the 15-year mortgage is usually a little lower. More importantly, you'll pay less than half the total interest cost of the traditional 30-year mortgage.

    However, if you can't afford the higher monthly payment of a 15-year mortgage don't feel alone. Many borrowers find the higher payment out of reach and choose a 30-year mortgage.

  • Can someone apply for a loan before he/she finds a property to purchase?

    Can someone apply for a loan before he/she finds a property to purchase?


    Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we could issue an approval subject to you finding the perfect home. You can use the pre-qualification letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-qualification letter for a mortgage may give more weight to any offer to purchase that you make.

    When you find the perfect home, you'll simply call your Mortgage Lender to complete your application. You'll have an opportunity to lock in our great rates and fees then and we'll complete the processing of your request.

  • Tell me more about closing fees and how they are determined.

    Tell me more about closing fees and how they are determined.


    A home loan often involves many fees, such as the appraisal fee, title charges, closing fees, and state or local taxes. These fees vary from state to state and also from lender to lender. Any lender or broker should be able to give you an estimate of their fees, but it is more difficult to tell which lenders have done their homework and are providing a complete and accurate estimate. We take quotes very seriously and have completed the research necessary to make sure that our fee quotes are accurate to the city level.

 

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