21st Mortgage · Indiana · 2025

21st Mortgage in Indiana: approval rate, denial rate and rates (2025)

21st Mortgage took 2,660 mortgage applications in Indiana in 2025, ranking #31 of 1,025 lenders active in the state. It originated 17.6% of them and denied 59.4% (76.6% of the applications it decided), against a statewide denial rate of 16.6%.

2.7kApplicationsin IN
76.6%Decision denial ratestate 20.1%
10.75%Median ratestate 6.75%
$65,000Median loanstate $155,000
$37MVolume89 counties

21st Mortgage in Indiana vs the state

59.4%Denial rate+42.79 pts vs state
76.6%Decision denial rate+56.44 pts vs state
17.6%Origination rate-44.66 pts vs state
10.75%Median rate+4.00 pts vs state
5.40Rate spread (pts)+5.04 pts vs state
$57kMedian applicant income
468Loans originated
1,579Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,14247350.2%9.94%#30
20242,66856251.4%10.85%#24
20252,66046859.4%10.75%#31

What 21st Mortgage lends in Indiana

By loan purpose

Home purchase 2,597 98% · 59.1% denied
Refinance 26 1% · 61.5% denied
Cash-out refinance 17 1% · 70.6% denied
Home improvement 16 1% · 87.5% denied
Other / HELOC 4 0% · 50.0% denied

By loan type

Conventional 2,660 100% · 59.4% denied

Why it denied Indiana applicants

Credit history 1,157 73%
Debt-to-income ratio 263 17%
Incomplete application 42 3%
Insufficient cash 41 3%
Collateral 37 2%
Other 27 2%
Unverifiable information 9 1%
Employment history 3 0%

Where in Indiana

Counties with the most 21st Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 32547219 67.4%
Lake County 30734214 69.7%
Porter County 1392977 55.4%
Vanderburgh County 1251664 51.2%
LaPorte County 1222270 57.4%
Allen County 1132962 54.9%
St. Joseph County 1003350 50.0%
Elkhart County 882057 64.8%
Clark County 861344 51.2%
Hendricks County 721539 54.2%

Other large lenders in Indiana

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,50318.6%6.75%
Ruoff Mortgage CompanyA 8,8604.0%6.75%
Fifth Third BankD 8,69327.6%7.75%
United Shore Financial ServicesB 8,65912.2%6.38%
Freedom MortgageB 5,4548.9%6.25%
NewrezD 5,42118.2%6.63%
First Merchants BankC 5,11419.9%6.76%
Fairway Independent MortgageB 4,8137.4%6.75%
Mortgage Research CenterC 4,79119.0%6.25%
PNC BankD 4,72425.1%7.55%

Frequently asked questions

Indiana: 2,660 applications in 2025, of which 468 were originated and 1,579 denied.

59.4% of all applications, or 76.6% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans 21st Mortgage originated in Indiana in 2025 was 10.75%, against a statewide median of 6.75%.

About this data. Figures are 21st Mortgage's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology