Intend Indiana Partnership

Since its founding, Merchants Bank of Indiana (Merchants Bank) has remained committed to serving the needs of its local customers and community. Despite its growth into one of the best-performing public banks in the country, Merchants Bank dedicates its time, talent and treasure to its local Indianapolis community through a variety of acts of service. Merchants Bank’s passion and dedication for service permeates through every aspect of the bank, with each of its employees eager to give back to the community they call home.

A 2021 report by the National Low Income Housing Coalition found that the shortfall of affordable rental options for very low-income families was estimated at nearly 7 million units nationwide. In Indiana, this number is approaching 130,000 units. Affordable housing is considered a right, not a privilege. The dedication to affordable housing has remained a top priority for Merchants Bank, and its devotion to bridging the gap is incredibly apparent through Merchants Bank’s partnership with Intend Indiana.

Merchants Bank focuses on affordable housing advancement through various loan products to support the needs of low-to-moderate income individuals with the bank’s unique mortgage products. Through Merchants Bank’s work with Intend Indiana, the bank has developed crucial loan programs, providing the origination expertise free of charge and offering the servicing services at a reduced cost. It’s through Intend Indiana that Merchants can also offer the HomeSmart Mortgage lending program, which provides low- and moderate-income individuals a below-market interest rate for market-rate housing fixed for the life of the loan, helping many Hoosiers buy a home of their own.