Most business owners in Indiana will one day need the services of Indiana mortgage companies. Mortgage lenders in Indiana can give you the financing you need to purchase or lease a location for your business.

Most Indiana business owners prefer to do business directly with Indiana mortgage brokers. Indiana mortgage lenders know the ins and outs of Indiana mortgages. They will know of any special Indiana state laws or fees that will apply to your mortgage. Mortgage companies in Indiana may also have in-state connections that can help you get a better deal.

When choosing from the mortgage brokers in Indiana, you should:

1. Compare the Indiana mortgage rates offered by local mortgage banks in Indiana as well as nationwide lenders.
2. Choose an Indiana mortgage company that specializes in commercial mortgages.
3. Have your lawyer review the zoning laws for the building that interests you. Your lawyer can tell you whether it is legal to operate your business in that location.
   

Action Steps
The best contacts and resources to help you get it done

Check the qualifications of Indiana mortgage companies

It's your responsibility to ensure that the mortgage broker you are working with is qualified to do business in Indiana. One way is to check their membership in local professional organizations.

I recommend: The Indiana Association of Mortgage Brokers conveniently lists their brokers online. This makes it easy to find qualified mortgage lenders in Indiana.

Receive quotes from Indiana mortgage brokers online

Many websites allow you to receive rate quotes from several different companies, all by filling out a simple form. This is a convenient way to compare mortgage rates of different lenders.

I recommend: E-Loan allows you to search for rates of various mortgage lenders, as does MortgageLoan.com.

Speak with local Indiana banks about their mortgage lending programs

Local Indiana banks may be more likely to work with Indiana businesses and may have more flexibility in the rates offered. You should always make sure to compare the rates offered by local lenders.

I recommend: Bloomfield State Bank offers commercial real estate loans for local businesses. Grabill Bank is another local bank that specializes in funding for small businesses.

Read Indiana real estate blogs to remain current

Blogs are a great way to stay up to date on a wide variety of topics. Reading a blog that specializes in Indiana real estate can help you know what is going on in the industry.

I recommend: The Active Rain Real Estate Network offers a blog on the Indiana real estate market.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Remember that Indiana mortgage rates fluctuate over time, so when you are comparing the mortgage rates of different companies, make sure that the rates you are looking at all come from the same period. You need to make sure that you are comparing apples to apples.
• •  Indiana mortgage lenders will base their decision to lend you money on your credit score and your business plan. Make sure that these are both in great condition before speaking with mortgage lenders in Indiana.