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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.

First Merchants Next Horizon Program

The First Merchants Next Horizon Program offers buyers with limited credit history affordable housing with up to 100% financing, lower monthly payments and options for Grant funds.

Learn more about the First Merchants Next Horizon Program benefits and eligibility requirements.

 Fixed Rate Mortgage

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

  • Loans up to $510,400
  • 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 $510,400
  • 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 the standard conforming amount.
  • 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 can assist you in applying for government programs available to the public such as FHA, VA, USDA, etc. which may help you qualify for credit, may offer down payment assistance or may reduce the rate of interest you would otherwise pay.

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
  • Get more information on FHA Insured Mortgages

Indiana Housing Program Loan

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

USDA Rural Housing

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

VA Mortgage (Veterans Administration) Loans

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
  • See if you qualify for a VA mortgage

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


Download First Merchants Mortgage Loan Originators' Unique Identifier Numbers