Alcova Mortgage · Indiana · 2025

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

Alcova Mortgage took 28 mortgage applications in Indiana in 2025, ranking #418 of 1,025 lenders active in the state. It originated 78.6% of them and denied 3.6% (3.7% of the applications it decided), against a statewide denial rate of 16.6%.

28Applicationsin IN
3.7%Decision denial ratestate 20.1%
6.56%Median ratestate 6.75%
$185,000Median loanstate $155,000
$4.6MVolume11 counties

Alcova Mortgage in Indiana vs the state

3.6%Denial rate-13.00 pts vs state
3.7%Decision denial rate-16.44 pts vs state
78.6%Origination rate+16.32 pts vs state
6.56%Median rate-0.19 pts vs state
0.43Rate spread (pts)+0.06 pts vs state
$73kMedian applicant income
22Loans originated
1Denied

What Alcova Mortgage lends in Indiana

By loan purpose

Home purchase 24 86% · 0.0% denied
Refinance 4 14% · 25.0% denied

By loan type

Conventional 8 29% · 0.0% denied
FHA 13 46% · 7.7% denied
VA 1 4% · 0.0% denied
USDA / RHS 6 21% · 0.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 1 100%

Where in Indiana

Counties with the most Alcova Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Shelby County 631 16.7%
Jackson County 540 0.0%
Marion County 430 0.0%
Washington County 320 0.0%
Jennings County 330 0.0%
Morgan County 220 0.0%
Hancock County 110 0.0%
Scott County 110 0.0%
Clark County 110 0.0%
Decatur County 110 0.0%

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: 28 applications in 2025, of which 22 were originated and 1 denied.

3.6% of all applications, or 3.7% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Alcova Mortgage originated in Indiana in 2025 was 6.56%, against a statewide median of 6.75%.

About this data. Figures are Alcova 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