Bank of America in Indiana vs the state
36.3%Denial rate+19.71 pts vs state
49.2%Decision denial rate+29.04 pts vs state
36.4%Origination rate-25.81 pts vs state
5.99%Median rate-0.76 pts vs state
0.55Rate spread (pts)+0.18 pts vs state
$103kMedian applicant income
450Loans originated
448Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,487 | 477 | 51.1% | 7.49% | #51 |
| 2024 | 1,235 | 447 | 39.3% | 6.99% | #61 |
| 2025 | 1,235 | 450 | 36.3% | 5.99% | #63 |
What Bank of America lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 221 | 82 | 87 | 39.4% |
| Hamilton County | 171 | 91 | 43 | 25.1% |
| Lake County | 151 | 56 | 54 | 35.8% |
| Hendricks County | 54 | 20 | 17 | 31.5% |
| St. Joseph County | 43 | 18 | 16 | 37.2% |
| Allen County | 42 | 11 | 16 | 38.1% |
| Porter County | 41 | 19 | 11 | 26.8% |
| Clark County | 34 | 11 | 13 | 38.2% |
| Vanderburgh County | 32 | 10 | 15 | 46.9% |
| Boone County | 31 | 15 | 5 | 16.1% |
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 1,235 applications in 2025, of which 450 were originated and 448 denied.
36.3% of all applications, or 49.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Bank of America originated in Indiana in 2025 was 5.99%, against a statewide median of 6.75%.
About this data. Figures are Bank of America'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