Let's get started!

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.

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.

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.

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.

Home Equity

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.

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.

 

Comparing home equity options

Term Loan vs. Line of Credit

Home Equity Term Loan

Apply now Default State Orange Right Pointing Arrow Hover State Blue Right Pointing Arrow

Home Equity Line of Credit

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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.

Meet our team

Mortgage Loan Originators

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Photo of Kelly Schulz

Kelly Schulz

Online applications
NMLSR ID: 133836

Phone (574) 236-4561

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Photo of Jose Miranda

Jose Miranda

Español/Spanish applications
NMLSR ID: 2151103

Phone (574) 235-2304

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Photo of Jose Cazarez

Jose Cazarez

Español/Spanish applications
NMLSR ID: 2068236

Phone (574) 235-2318

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Photo of Christine L. Baldwin

Christine L. Baldwin

Private Banking
NMLSR ID: 145458

Phone (574) 208-9633

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Photo of Jodie Russell

Jodie Russell

South Bend/Mishawaka
NMLSR ID: 451969

Phone (574) 931-3771

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Photo of Ryan Lisenko

Ryan P. Lisenko

Elkhart
NMLSR ID: 820764

Phone (574) 235-2820

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Photo of Brad Haney

Brad Haney

Goshen
NMLSR ID: 1909887

Phone (574) 970-0706

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Photo of Rob Spencer

Rob Spencer

Warsaw/Kosciusko County
NMLSR ID: 1466497

Phone (574) 549-6167

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Photo of Cindy Rash

Cindy Rash

Plymouth
NMLSR ID: 2301475

Phone (574) 935-1577

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Photo of Deborah Doelling

Deborah L. Doelling

Valparaiso
NMLSR ID: 715236

Phone (219) 476-2680

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Photo of Glenda Dixon

Glenda L. Dixon

Portage
NMLSR ID: 715234

Phone (219) 476-2683

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Photo of Shayla Shembarger

Shayla Shembarger

Michigan City/Benton Harbor
NMLSR ID: 1319403

Phone (269) 684-3070

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Photo of Larry King

Larry King

Fort Wayne
NMLSR ID: 1723900

Phone (260) 338-5285

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Alisha Humbert

Alisha Humbert

Fort Wayne
NMLSR ID: 1677428

Phone (260) 493-7398

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Photo of Christine Ann Cable

Christine Ann Cable

Lafayette
NMLSR ID: 440305

Phone (765) 807-2591

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