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!
APPLY FOR A MORTGAGE
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.
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
This program offers below-market interest rates to income-eligible first-time homebuyers.
This loan is designed to help low- to middle-income households buy, build, or repair homes in rural areas.
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