Top 3 Mortgage Lenders in Elwood

First Merchants Bank stands out as Elwood's premier local mortgage lender with deep community roots and a physical branch in the city. They offer personalized service with local decision-making authority, allowing for faster loan processing and underwriting. Their mortgage team has extensive experience with Indiana's housing market and provides competitive rates with various loan programs tailored to first-time homebuyers and experienced investors alike. The bank's strong local presence ensures ongoing support throughout the loan process and beyond.

Ruoff Mortgage is a highly-rated regional lender based in nearby Anderson that extensively serves the Elwood community. With over 60 years in business, they've built an exceptional reputation for competitive rates and outstanding customer service. They specialize in streamlining the mortgage process with digital tools while maintaining personal relationships. Ruoff consistently receives top marks for communication, transparency, and closing loans on time. Their local loan officers understand central Indiana's unique market conditions and provide tailored solutions.

Teachers Credit Union (TCU) is one of Indiana's largest and most trusted credit unions with strong presence throughout Madison County, including Elwood. They offer competitive mortgage rates typically lower than traditional banks, along with exceptional member service. TCU's mortgage specialists provide personalized guidance through the entire home buying process and offer special programs for first-time buyers. Their not-for-profit structure allows them to return value to members through better rates and lower fees, making them a top choice for Elwood residents seeking mortgage financing.