Borrowing

Home Loans

Are you buying a home, refinancing, or perhaps looking to get some cash out of your home’s value? We can help you get the home loan or mortgage that works for you.

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Hey there, I'm Uno, the bot that knows a lot. Buying a home is one of the most important investments you'll ever make. Let me help you get the information you need.

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What would you like to do?

Whether you’re buying your first home, downsizing, or refinancing, we are here to help. We can also help you take advantage of your current home’s equity with a line of credit or a home improvement loan.

Buy

Where are you in the process?

Getting started

Qualifying for a Mortgage

Pre-Qualified vs. Pre-Approved

What is an Appraisal?

Planning

Estimate Your Payment

Calculators

Personalized Mortgage Rates

Ready to Apply

Homebuyer's Guide

The Documents You'll Need

Info on Closing and Other Important Stuff

Testimonial

We had a family emergency during our refinancing but Brad and the 1st Source team handled everything. We had to delay our closing and that was no problem. They just kept things moving and walked us through every step. We were very happy.

Testimonial

I was extremely happy with the service. Everyone was very knowledgeable and they made everything simple. The whole process was straightforward and easy.

Testimonial

It was my first mortgage, and it was very easy. They took care of everything. I have my Harley, my Jeep, and my home all financed with 1st Source Bank.

Refinancing

What is your goal?

Lower monthly payment

A lower interest rate will enable you to lower your monthly mortgage payment and free up money for other needs or wants.

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Compare Loans

Pay off my home sooner

You can significantly reduce the amount of interest you pay on your home loan by refinancing to a shorter term.

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Compare Potential Savings

Get cash from my equity

If you’re considering a home improvement project, looking to consolidate debt, or pay for a college education, a home equity loan may be the answer.

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Find what works for you

What you should know

Home Equity loans are an excellent way to take advantage of the hard work and money you’ve already invested in your home. They allow you to access cash for whatever you need. Because there are different options and they are a bit more complicated, we are happy to have a conversation with you to find the right fit. But hey, if you know what you want you can skip below to the links for applications.

Apply for home equity loan

Apply for line of credit

Find your nearest 1st Source banking center or ATM

Testimonial

“We have a mortgage and a second mortgage with 1st Source Bank. We’ve never had any difficulty. It’s a class act organization where they make you really feel valued.”

Learn the benefits of home equity

1st Source Bank Consumer and Mortgage Manager Danny Conroy explains how to make your home equity work for you.

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Comparing home equity options

Term Loan vs. Line of Credit

Home Equity Term Loan

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Home Equity Line of Credit

Apply now

Terms of the Loan

Set specific loan amounts, payment amounts, and payoff date

Offers flexibility. You apply for a specific credit limit but borrow as little or as much as you like up to that limit. $250 minimum draw

Interest Rates

Doesn't change

Changes with Wall Street Journal Prime

Payment Amounts

Set payment amount

Based on your balance

All loans are subject to credit approval and standard processing fees. 1st Source checking account required. Minimum loan amount is $5,000 for Home Equity Lines or Loans. Contact us for full details.

Contact one of our experienced Mortgage Loan Originators to get your rate quote!