First Internet Bank VA Loans Review

Rating: 8.6 / 10 (Excellent)
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First Internet Bank of Indiana provides online commercial and retail banking products and services across all 50 states. The A+ BBB-rated company was founded in 2006 in Indianapolis. They offer a variety of different products and services, including VA loans for refinance or purchase, with low down payment options and zero origination fees.

How is First Internet Bank rated?


Loan Options
Application Process

Overall Rating: 8.6 / 10 (Excellent)

First Internet Bank offers a fairly standard VA loan experience as mandated by the Department of Veterans’ Affairs. Its lack of adjustable-rate terms is made up for by its large swath of fee waivers. The latter, along with their high-profile affiliations, make First Internet Bank a good option for direct lending.

Loan Options

Lender Type
VA Loan Types
Rate & Term Refinance
Streamline Refinance (IRRRL)
Property Types
Single Family Home
Multi-family Unit
Mobile/Manufactured Home
Term Lengths
30 Year Fixed
15 Year Fixed
Maximum Loan Size
Loan Size

Loan Options - 8.9 / 10

First Internet Bank exclusively offers fixed-term VA loans that adhere to government-mandated parameters. With option types that include Term Refinancing and Interest Rate Reduction Refinancing Loan (IRRRL), this direct lender makes VA loans available for an array of property types.

Application Process

Fee Information
VA Funding Fee
Waived Fees
No lender origination fee, no underwriting fee, no processing fee, no prepayment penalty, no PMI
Minimum Credit Score

Application Process - 8 / 10

When applying for a VA loan, First Internet Bank 's requirements are in line with the Department of Veterans’ Affairs standard guidelines, including the mandatory VA funding fee, as well as a minimum credit score of 620. First Internet Bank waives origination, processing, underwriting, and prepayment fees.


Memberships & Regulatory Info.

Federal Home Loan Bank
Nationwide Mortgage Licensing System ID
NMLS Collection Date

Online Reviews

BBB Rating
Number of BBB Positive Reviews
Number of BBB Neutral Reviews
Number of BBB Negative Reviews
Date Collected

Reputation - 8.9 / 10

First Internet Bank is registered with the National Mortgage Licensing System, with an ID number of 424182. Additionally, this institution is affiliated with the FDIC and Federal Home Loan Bank. They have no regulatory actions pending.

Contact & Additional Information

Homepage URL
Company Phone
(317) 532-7900
Headquarters Address
11201 USA Parkway, Fishers, IN, 46037
Mailing Address
PO Box 6080, Fishers, IN, 46038
Year Founded

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Top Rated
Our Partner
10 / 10
  • #1 VA Purchase Lender: Most VA Purchase Loans of any lender in 2017
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  • Advised by former senior leaders from each branch of the Armed Forces
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  • Extensive resources designed to help educate homebuyers