Update Browser: you are currently trying to view the First Merchants site using an outdated browser. In our commitment to your security, and in keeping with industry standards, we no longer support the browser you are using. Learn more.

Welcome

We've given our site a new look!  No need to re-enroll; just use your existing signin information. 
Looking for Business Online Banking? Using the Sign In To Online Services box, select 'Business Online Banking' instead of 'Personal Online Banking.'

Read More

Mortgage

Conventional Financing

Your local mortgage expert can help determine which loan is right for you, how much home you can afford, and what you'll need for loan approval. Take the first step and contact us!

First-Time Homebuyers

We offer lending products to meet first-time homebuyer and newly single mortgage needs. Grant funds are available periodically through our partnership with the Federal Home Loan Bank of Indianapolis.

Fixed Rate Mortgage

This mortgage offers a guaranteed fixed interest rate for the life of your loan.

  • Loans up to $417,000
  • A variety of terms
  • 5% minimum down payment (20% for investment properties)

Adjustable Rate Mortgage

This loan offers a lower initial interest rate than most fixed rate loans, but the interest rate can change periodically. You have the assurance of yearly and lifetime rate caps. 

  • Loans up to $417,000
  • A variety of terms
  • 5% minimum down payment (20% for investment properties)

Jumbo Mortgage

These loans are perfect for luxury residences that require loan amounts above traditional limits.

  • This mortgage is for qualified buyers who want to borrow more than $417,000.
  • We can often tailor a mortgage to your unique situation.
  • Jumbo mortgages are available with fixed or adjustable rates, and with no points.
  • 10% minimum down payment

Construction Loans

Building a home? We work with builders and buyers to help make the construction loan process smooth and efficient. Whether your project is big or small, we’d love to serve you - just ask for more information. 

For more information, call us at 1.800.205.3464 or contact us.


Government Programs

We're proud to offer multiple government programs that could help you qualify for a loan, offer down payment assistance, or reduce your interest rate.

FHA Insured Mortgage (Federal Housing Administration)

Because this loan is insured by the government, credit history requirements may be more relaxed and rates may be lower than a traditional mortgage. Down payment requirements are also lower than a traditional loan.

  • 3.5% minimum down payment
  • The seller can assist with closing costs, a portion can be factored into the loan, and down payment money can be gifted by a relative.
  • No income limits
  • Not limited to first-time homebuyers
  • Click here to learn more

Indiana Housing Program Loan

This program offers below-market interest rates to income-eligible first-time homebuyers.

  • As little as 3% down
  • Down payment assistance is provided to families of moderate to lower income levels.
  • More liberal qualification ratios are used than with conventional loans.
  • Fixed rates
  • Ask us about other state programs that might be right for you!
  • Click here to learn more.

USDA Rural Housing

This loan is designed to help low- to middle-income households buy, build, or repair homes in rural areas.

  • No down payment required - 100% financing available
  • Flexible qualifying guidelines 
  • Click here to learn more.

VA Mortgage (Veterans Administration)

This loan is for eligible veterans and may offer more favorable terms than other loan options.

  • No down payment is needed for qualified veterans, surviving spouses and other military personnel.
  • 100% financing available
  • Seller contributions allowed
  • Click here to learn more.

For more information, call us at 1.800.205.3464 or e-mail us.

Check rates and apply online

Find out more: Visit our online mortgage center, where you can check rates, find online calculators, and more, all at your fingertips.