
Fort Wayne has a thriving business community, with many options for commercial mortgages.
Fort Wayne mortgage rates can vary depending on the type of property being financed, with commercial mortgages typically having higher rates than residential mortgages.
For small business owners, a commercial mortgage can provide the necessary funds to purchase or renovate a property, but it's essential to understand the terms and conditions of the loan.
In Fort Wayne, commercial mortgage rates can range from 4% to 8% APR, depending on the lender and the borrower's creditworthiness.
With the right financing, a commercial property can be a sound investment for businesses looking to expand or relocate.
Intriguing read: Commercial Mortgage Rates Uk
Fort Wayne Mortgage Rates
Fort Wayne mortgage rates are currently competitive, with a 30-year fixed-rate mortgage available for 6.521% APR. The 15-year fixed-rate mortgage offers a slightly lower rate at 5.614% APR. If you're considering a shorter loan term, the 10-year fixed-rate mortgage is available for 4.964% APR.
You can also explore adjustable-rate mortgages (ARMs) in Fort Wayne. The 7-year ARM offers a rate of 6.699% APR, while the 5-year ARM is available for 6.666% APR.
Here's a quick comparison of the current mortgage rates in Fort Wayne:
Today's Rate

Today's rate in Fort Wayne, IN is 6.594% for a 30-year fixed mortgage. This is the current rate for this type of loan.
The 30-year fixed-rate mortgage is a popular option, and for good reason. It offers stability and predictability, as the interest rate remains the same for the entire 30-year term.
Currently, the 30-year fixed-rate mortgage has an APR of 6.594%. This is the total cost of the loan, including interest and fees.
Here are the current rates for different mortgage options in Fort Wayne, IN:
The 15-year fixed-rate mortgage has a lower interest rate of 5.614%, making it a great option for those who can afford the higher monthly payments.
Housing Affordability in Indiana
The housing market in Indiana is a complex topic, and understanding the affordability of homes is crucial for potential homebuyers. The median home value for Fort Wayne, IN is $193,281.
To determine how much home you can afford, consider the median household income for Fort Wayne, which is $63,455. This income can afford a home valued at approximately $304,172.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Fort Wayne, IN is ranked 72 out of 92 counties in Indiana and 1,684 out of 3,142 counties in the United States for housing affordability. Housing prices in Fort Wayne are average.
To qualify for a mortgage, you'll need to make around $40,321 per year, based on current mortgage rates and a 10% down payment. This income can qualify for a $173,952 mortgage.
The monthly mortgage payment required to buy the median priced home in Fort Wayne is $934. This is based on a $173,952 mortgage and reasonable monthly debt expenses.
A fresh viewpoint: American Home Mortgage Rates
Commercial Mortgage Rates - Updated 2/26/25
If you're looking for commercial mortgage rates in Fort Wayne, you'll want to know that the minimum loan size is $1,500,000.
One of the loan products available is a multifamily loan, which comes with a rate of 5.45% and a loan-to-value ratio of up to 80%.

If you're considering a commercial real estate loan, you can expect a rate of 6.70% with a loan-to-value ratio of up to 75%.
Another option is a single tenant lease loan, which has a rate of 6.30% and a loan-to-value ratio of up to 75%.
Business real estate loans are also available, with a rate of 6.50% and a loan-to-value ratio of up to 90%.
Here are some specific loan details to keep in mind:
A $1,000,000 loan with a 5 year fixed rate and 25 year amortization is also an option, which might be a good choice if you're looking for a lower rate.
Mortgage Options and Benefits
Fort Wayne mortgage rates can be complex, but understanding your options can make a big difference.
You can choose from fixed-rate mortgages, which have a fixed interest rate for the entire loan term, or adjustable-rate mortgages, which can start with a lower interest rate but may increase over time.
Broaden your view: What Is the Current Interest Rate for Commercial Mortgages

For example, a 30-year fixed-rate mortgage can provide stability and predictability in your monthly payments.
Adjustable-rate mortgages, on the other hand, may offer lower initial interest rates, but be prepared for potential rate increases.
It's essential to carefully review the terms and conditions of any mortgage option to ensure it aligns with your financial goals.
Mortgage Credit Certificate
The Mortgage Credit Certificate program is a great option for first-time home buyers in Indianapolis. It can significantly diminish a homeowner's tax responsibilities.
Through this program, new property holders are qualified for a federal income tax credit worth up to 25% of the amount they borrowed to purchase their residence. This can translate to a tax reduction of approximately $2,000 annually.
The program has an upfront fee of $800, but it's worth considering for those who qualify. Combining the MCC with other programs, such as the Next Home program administered by IHCDA, introduces additional perks for qualifying individuals.
Fort Wayne Commercial Mortgage Benefits

IN commercial mortgage rates start as low as 5.45% (as of February 26th, 2025). This is a great opportunity for business owners to secure a commercial mortgage at a competitive rate.
A commercial mortgage broker with over 30 years of lending experience can guide you through the process. This level of experience is a significant advantage when navigating the complex world of commercial mortgages.
No upfront application or processing fees are charged, making it easier to get started. This is a big plus, as many lenders require significant upfront costs.
Simplified application processes are available, making it easier to get the mortgage you need. This streamlined approach saves time and reduces stress.
Up to 80% LTV on multi-family properties and 75% on commercial properties (90% with SBA) is a common LTV ratio. This means you can borrow a significant portion of the property's value.
Terms and amortizations up to 30 years are available, providing flexibility in your mortgage payments. This can help you manage cash flow and make payments more manageable.
Loans for purchase and refinance, including cash-out, are offered. This provides options for business owners looking to grow or restructure their property.
24-hour written pre-approvals with no cost and no obligation are available. This allows you to quickly get a sense of your mortgage options and make informed decisions.
Recommended read: Cash Out Mortgage Refinance Rates
Reviews and Impact

The 10-year Treasury yield is expected to remain above 4%, which can significantly impact borrowing costs for Fort Wayne mortgage seekers.
Investors who lock in fixed-rate commercial loans early in the cycle can hedge against future rate fluctuations, ensuring stable financing costs.
This means that securing a mortgage with a fixed rate can provide peace of mind and protect against potential rate increases.
Expand your knowledge: Mortgage Fha Rates Closing Costs
Our Reviews
Reviews can be a powerful tool for businesses, with 90% of consumers saying they trust online reviews as much as personal recommendations.
In fact, a single positive review can increase conversions by 18%.
Reviews also have a significant impact on search engine rankings, with Google considering reviews as one of the top 3 ranking factors.
A study found that 85% of consumers trust online reviews as much as a personal recommendation.
Reviews can also help businesses build credibility and trust with potential customers, with 72% of consumers saying they are more likely to trust a business with a high number of positive reviews.
Intriguing read: Washington Trust Mortgage Rates
Impact of Higher

Higher interest rates are expected to remain a significant factor in the market, with the 10-year Treasury yield predicted to stay above 4%. This will impact borrowing costs.
Investors who lock in fixed-rate commercial loans early in the cycle can hedge against future rate fluctuations. This ensures stable financing costs.
The impact of higher interest rates will be felt across the market, affecting overall liquidity.
Suggestion: Mortgage Fha Rates Closing Costs Refinance
Frequently Asked Questions
What are Indiana mortgage rates right now?
As of now, Indiana mortgage rates are 6.982% for a 30-year fixed, 6.180% for a 15-year fixed, and 7.512% for a 5-year ARM. Check our website for the latest rates and expert advice on choosing the right mortgage for you.
How can I get a 3% mortgage rate?
To secure a mortgage rate as low as 3%, consider exploring assumable mortgages, which allow you to take over an existing mortgage at its current rate. This option may be available if you're purchasing a home from the original mortgage holder.
Is 7% high for a mortgage?
Mortgage rates above 7% are considered high, especially for top-tier borrowers, but rates can fluctuate and may be higher in the future. Borrowers with lower credit scores or non-QM status may already be paying rates in this range.
Sources
- https://www.nerdwallet.com/mortgages/mortgage-rates/indiana/fort-wayne
- https://www.freeandclear.com/mortgage-rates/indiana/fort-wayne
- https://www.totalmortgage.com/locations/state/IN/mortgage-rates/fort-wayne
- https://selectcommercial.com/fort-wayne-commercial-mortgage.php
- https://www.purerate.com/todaysrates/indiana
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