Associated Bank · Indiana · 2025

Associated Bank in Indiana: approval rate, denial rate and rates (2025)

Associated Bank took 7 mortgage applications in Indiana in 2025, ranking #601 of 1,025 lenders active in the state. It originated 42.9% of them and denied 28.6% (40.0% of the applications it decided), against a statewide denial rate of 16.6%.

7Applicationsin IN
40.0%Decision denial ratestate 20.1%
5.75%Median ratestate 6.75%
$315,000Median loanstate $155,000
$2.0MVolume7 counties

Associated Bank in Indiana vs the state

28.6%Denial rate+12.00 pts vs state
40.0%Decision denial rate+19.86 pts vs state
42.9%Origination rate-19.39 pts vs state
5.75%Median rate-1.00 pts vs state
-0.02Rate spread (pts)-0.39 pts vs state
$112kMedian applicant income
3Loans originated
2Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023211619.1%6.50%#431
2024201425.0%6.50%#459
20257328.6%5.75%#601

What Associated Bank lends in Indiana

By loan purpose

Home purchase 4 57% · 0.0% denied
Cash-out refinance 1 14% · 100.0% denied
Home improvement 1 14% · 0.0% denied
Other / HELOC 1 14% · 100.0% denied

By loan type

Conventional 7 100% · 28.6% denied

Why it denied Indiana applicants

Debt-to-income ratio 1 50%
Collateral 1 50%

Where in Indiana

Counties with the most Associated Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Howard County 101 100.0%
Hendricks County 100 0.0%
DeKalb County 110 0.0%
Marion County 110 0.0%
Perry County 110 0.0%
Vanderburgh County 101 100.0%
Lake County 100 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: 7 applications in 2025, of which 3 were originated and 2 denied.

28.6% of all applications, or 40.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Associated Bank originated in Indiana in 2025 was 5.75%, against a statewide median of 6.75%.

About this data. Figures are Associated Bank'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