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Whether you’re a first-time buyer or refinancing your current home, we can help you prosper with the right loan solution.

Our welcoming, attentive and dependable mortgage lenders are there for you every step of the way. The type of mortgage you ultimately select will depend on multiple factors. Certain buyers might qualify for programs that are designed to support specific individuals, like first-time homebuyers, veterans and buyers in rural areas. Mortgage loans are generally broken down into two primary groups: conventional and government sponsored.



Conventional Loans

A conventional mortgage is a loan made by a private organization, such as a bank. First Merchants offers a variety of conventional mortgages, including fixed rate, adjustable rate, jumbo, construction loans and more.


First-Time Homebuyer

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.

Hometown Heroes Program

We are proud to give back to those who serve our community as first responders, nurses, teachers, non-profit and government employees with as little as 3% down and no mortgage insurance requirements. Learn more about the Hometown Heroes Program benefits and eligibility requirements.

First Merchants Next Horizon Program

The First Merchants Next Horizon Mortgage offers buyers affordable housing with up to 100% financing, no PMI, and supports non-traditional methods of credit history documentation such as rent verification, insurance payments, mobile phone payments and others. This program even includes grants that assist with closing costs, down payment, or principal reduction for applicants who meet eligibility requirements. Learn more about the First Merchants Next Horizon Program benefits and eligibility requirements.

Jumbo Mortgage

Buyers seeking a loan amount valued above traditional limits will likely need to qualify for a jumbo mortgage loan. These loans, which are available with fixed or adjustable rates, are intended for borrowers seeking to finance loan amounts above the conforming loan limit established by Fannie Mae and Freddie Mac.

Physician Loan

A physician loan is a mortgage solution designed to accommodate the unique financial needs of doctors, dentists, veterinarians and medical residents. Whether you have large amounts of deferred student loan debt, need to move into a home before starting your first job, or have been practicing medicine for many years, our physician loan program can help. We can provide flexible financing to doctors, dentists and veterinarians at any career stage.


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.

Construction Loan Handbook

Call us at 1.800.205.3464 to learn more about our home loan programs or get started by applying for a mortgage loan today.


Download First Merchants Mortgage NMLS Numbers

Government Programs

First Merchants can also assist buyers who qualify for government sponsored mortgage programs, some of which offer down payment assistance and reduced interest.


Federal Housing Administration (FHA) Insured Mortgage

For borrowers who qualify, the FHA program relaxes credit requirements and down payment minimums. Interest rates are also often generally lower than conventional home loans.

Housing Finance Authority Program Loans

These programs offer below-market interest rates, down payment assistance and tax credits to income-eligible homebuyers. These programs are available in Indiana, Michigan, Illinois and Ohio. Options and availability vary by state.

U.S. Department of Agriculture (USDA) Rural Housing

Designed to help low- to middle-income borrowers buy, build or repair homes in rural areas.

Veterans Affairs (VA) Home Loans

The VA can help servicemembers, veterans and eligible spouses become homeowners by offering up to 100% financing.

Call us at 1.800.205.3464 to learn more about our home loan programs or get started by applying for a mortgage loan today.


Download First Merchants Mortgage NMLS Numbers