What people paid for mortgages in Tippecanoe County, IN (2025)

Across 1,769 closed home-purchase loans in 2025, the median interest rate in Tippecanoe was 6.625%, and the middle half of borrowers got between 6.25% and 6.875%. Median total loan costs ran $3,507 on a median loan of $265,000. Source: federal HMDA filings on first-lien, owner-occupied loans.

Data: FFIEC HMDA modified LAR, 2024 and 2025 filings, loaded August 2026.

Home purchase

Median rate: 6.625%
Middle half of rates: 6.25%–6.875%
Median total loan costs: $3,507
Median loan amount: $265,000

1,769 loans, 2025.

Refinance

Median rate: 6.25%
Middle half of rates: 5.99%–6.75%
Median total loan costs: $5,177
Median loan amount: $215,000

807 loans, 2025.

Lowest median rates in Tippecanoe (2025)

The lenders whose own closed loans had the lowest median interest rate here, among lenders with enough local volume for the median to mean something. A low median is a reason to include that lender when you collect Loan Estimates; it is not a promise about the rate you will be quoted. An independent mortgage broker can pull quotes from several lenders at once on one application.

Home purchase

1.Old National Bank6.375%65 loans, median costs $2,984
2.JPMorgan Chase Bank, NA6.433%58 loans, median costs $3,015
3.VANDERBILT MORTGAGE AND FINANCE, INC6.49%52 loans, median costs $7,710
4.FIRST MERCHANTS BANK6.5%88 loans, median costs $3,580
5.Mortgage Research Center6.5%32 loans, median costs $4,675

Among lenders with at least 30 closed purchase loans in Tippecanoe County in 2025.

Refinance

1.United Wholesale Mortgagebroker only6.125%100 loans, median costs $4,437
2.ROCKET MORTGAGE6.25%90 loans, median costs $6,802
3.FREEDOM MORTGAGE CORPORATION6.25%37 loans, median costs $5,169
4.Purdue Federal Cu6.5%41 loans, median costs $2,839
5.FIRST MERCHANTS BANK6.625%53 loans, median costs $3,559

Among lenders with at least 30 closed refinance loans in Tippecanoe County in 2025.

Why you may not recognize these names

The largest lenders in most counties are not banks. Homebuilders such as D.R. Horton and Lennar own their own mortgage companies (DHI Mortgage, Lennar Mortgage), and because builders attach rate buydowns and closing-cost incentives to using them, the builder's lender often tops the table in counties with heavy new construction, with median rates that look low because the builder paid to lower them. Lenders marked broker only, such as United Wholesale Mortgage, take no applications from the public: federal HMDA reporting credits each loan to the lender that made the credit decision, so loans arranged by independent brokers appear here under the wholesale lender that funded them. Others, such as PennyMac and Freedom Mortgage, operate at national scale by buying loans from smaller lenders and refinancing the loans they service, heavily in FHA and VA lending. Who actually lends, and why the biggest names are not banks covers the full picture, with sources.

Lender by lender in Tippecanoe

Every lender that closed at least 5 qualifying loans in Tippecanoe County in 2025, sorted by loan count. The # column is the lender's rank here by closed loans for the selected purpose. Median origination is the lender's own charges (Loan Estimate section A); median points is the discount-points portion. Lenders marked "broker only" fund loans through independent mortgage brokers rather than taking applications directly.

#	Lender	Loans	Median rate	Median total costs	Median origination	Median points
1	Purdue Federal Cu	257	6.625%	$2,738	$900	$654
2	CMG MORTGAGE INC	165	6.75%	$3,876	$1,607	$970
3	Ruoff Mortgage Company	128	6.875%	$3,346	$1,401	$669
4	FIRST MERCHANTS BANK	88	6.5%	$3,580	$1,300	$948
5	United Wholesale Mortgagebroker only	87	6.999%	$4,412	$2,330	$1,655
6	Old National Bank	65	6.375%	$2,984	$1,100	$707
7	ROCKET MORTGAGE	60	6.625%	$4,527	$2,279	$1,819
8	JPMorgan Chase Bank, NA	58	6.433%	$3,015	$1,207	$1,774
9	GUILD MORTGAGE COMPANY	53	6.625%	$5,050	$2,098	$1,223
10	VANDERBILT MORTGAGE AND FINANCE, INC	52	6.49%	$7,710	$2,594	$4,557
11	CENTIER BANK	45	6.875%	$2,994	$1,238	$772
12	Gold Star Mortgage Financial Group, Corporation	43	6.75%	$6,807	$2,250	$1,178
13	FAIRWAY INDEPENDENT MORT CORP	43	6.875%	$3,739	$1,595	$1,545
14	SECURITY FEDERAL SAVINGS BANK	42	6.75%	$2,635	$1,025	n/a
15	STOCKTON MORTGAGE CORPORATION	42	6.875%	$4,472	$2,046	$743
16	PROSPERITY HOME MORTGAGE, LLC	35	6.625%	$4,255	$1,943	$1,100
17	GVC MORTGAGE, INC.	32	6.625%	$4,815	$1,647	$1,730
18	Mortgage Research Center	32	6.5%	$4,675	$0	$799
19	Huntington National Bank	22	6.5%	$3,485	$1,492	$1,034
20	REGIONS BANK	21	6.375%	$3,783	$2,014	$959
21	MJW FINANCIAL LLC DBA MJW MORTGAGE	20	6.562%	$4,802	$2,107	$1,930
22	HORIZON BANK	19	6.625%	$4,117	$1,275	$2,530
23	Flanagan State Bank	17	6.875%	$7,601	$2,868	$2,057
24	Industrial Federal C. U.	15	n/a	n/a	n/a	n/a
25	Navy Federal Credit Union	14	6.062%	$4,372	$0	$434
26	The Fountain Trust Company	14	n/a	n/a	n/a	n/a
27	Fifth Third Bank, National Association	14	6.438%	$3,245	$1,295	$650
28	First Farmers Bank & Trust	11	7%	$2,439	$850	$3,500
29	NEW AMERICAN FUNDING, LLC.	10	6.812%	$5,562	$2,022	$2,000
30	CALCON MUTUAL MORTGAGE LLC	9	6.875%	$7,537	$1,845	$2,431
31	1ST SOURCE BANK	9	6.25%	$2,667	$1,039	$1,818
32	Primary Residential Mortgage, INC.	8	6.438%	$5,898	$3,881	$1,511
33	PENNYMAC LOAN SERVICES LLC	8	6.25%	$4,356	$3,102	$2,021
34	CITIZENS EQUITY FIRST CREDIT U	7	6.125%	$745	$350	$2
35	Fair Way Lending, LLC	6	6.688%	$8,810	$3,467	$169
36	NEWREZ LLC	6	6.625%	$6,446	$3,172	$2,980
37	Elements Financial Federal Cre	6	6.375%	$3,295	$1,541	$1,890
38	The Farmers & Merchants Bank	6	n/a	n/a	n/a	n/a
39	USAA BANK	6	6.25%	$3,108	$1,295	$530
40	TRIAD FINANCIAL SERVICES, INC.	5	8.53%	n/a	n/a	n/a

What these numbers are, and are not

Everything above is computed from the FFIEC's HMDA Modified Loan/Application Register, the public loan-level file nearly every mortgage lender must submit each year, filtered to originated, first-lien, owner-occupied principal-residence loans that were not business-purpose or reverse mortgages. Groups smaller than 5 loans are omitted. The methodology page documents every step.

The public file contains no credit scores, so differences between lenders mix true pricing differences with different customer bases: loan sizes, points paid, and borrower profiles all vary by lender. A median is context for your own quote, not a ranking and not an offer. Rates here are also a year's worth of closings blended together, while your quote reflects a single day's market.

The one move that reliably saves money

Get more than one Loan Estimate. Every lender must give you one within 3 business days of your application, on the same standardized form, and cannot charge you more than a reasonable credit-report fee to do it. Collecting two or three makes the offers directly comparable, line by line.

Your Loan Estimate rights

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What happens after you submit

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Common questions

What mortgage rate did people get in Tippecanoe County in 2025?

The median interest rate on closed home-purchase loans in Tippecanoe County, Indiana in 2025 was 6.625%, across 1,769 first-lien, owner-occupied loans. The middle half of borrowers got between 6.25% and 6.875%.

Is this a rate I can get today?

No. These are medians of loans that already closed, under those borrowers' credit profiles, loan sizes, discount points, and lock dates. Rates also move daily. The way to learn your own number is to collect Loan Estimates from two or three lenders, which federal rules make close to free.

Why do lenders in the table show different rates?

Partly pricing, partly customer mix. Public HMDA data contains no credit scores, so a lender serving stronger-credit borrowers or larger loans will show a different median than one serving first-time buyers, at identical pricing. Use the table as a map of who is active locally and roughly where they land, not as a ranking.

Where do these numbers come from?

The FFIEC's public HMDA Modified Loan/Application Register, the loan-level data nearly every mortgage lender must file each year, filtered to originated, first-lien, owner-occupied, non-business, non-reverse loans, in groups of at least 5.