Banterra Bank · Indiana · 2025

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

Banterra Bank took 47 mortgage applications in Indiana in 2025, ranking #355 of 1,025 lenders active in the state. It originated 70.2% of them and denied 12.8% (15.0% of the applications it decided), against a statewide denial rate of 16.6%.

47Applicationsin IN
15.0%Decision denial ratestate 20.1%
6.91%Median ratestate 6.75%
$175,000Median loanstate $155,000
$19MVolume3 counties

Banterra Bank in Indiana vs the state

12.8%Denial rate-3.80 pts vs state
15.0%Decision denial rate-5.14 pts vs state
70.2%Origination rate+7.96 pts vs state
6.91%Median rate+0.16 pts vs state
-0.10Rate spread (pts)-0.47 pts vs state
$110kMedian applicant income
33Loans originated
6Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023393010.3%7.05%#352
202441314.9%7.25%#361
2025473312.8%6.91%#355

What Banterra Bank lends in Indiana

By loan purpose

Home purchase 40 85% · 12.5% denied
Refinance 1 2% · 100.0% denied
Cash-out refinance 1 2% · 0.0% denied
Home improvement 5 11% · 0.0% denied

By loan type

Conventional 47 100% · 12.8% denied

Why it denied Indiana applicants

Collateral 3 50%
Debt-to-income ratio 1 17%
Other 1 17%
Credit history 1 17%

Where in Indiana

Counties with the most Banterra Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Vanderburgh County 35255 14.3%
Warrick County 1070 0.0%
Posey County 211 50.0%

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: 47 applications in 2025, of which 33 were originated and 6 denied.

12.8% of all applications, or 15.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Banterra Bank originated in Indiana in 2025 was 6.91%, against a statewide median of 6.75%.

About this data. Figures are Banterra 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