Better Mortgage in Indiana vs the state
26.2%Denial rate+9.59 pts vs state
46.7%Decision denial rate+26.56 pts vs state
28.6%Origination rate-33.62 pts vs state
7.25%Median rate+0.50 pts vs state
0.65Rate spread (pts)+0.29 pts vs state
$119kMedian applicant income
209Loans originated
191Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 188 | 84 | 6.9% | 6.25% | #182 |
| 2024 | 237 | 80 | 17.7% | 6.63% | #173 |
| 2025 | 730 | 209 | 26.2% | 7.25% | #85 |
What Better Mortgage lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 102 | 26 | 32 | 31.4% |
| Hamilton County | 87 | 25 | 19 | 21.8% |
| Lake County | 58 | 17 | 15 | 25.9% |
| Allen County | 37 | 10 | 5 | 13.5% |
| Porter County | 36 | 15 | 7 | 19.4% |
| St. Joseph County | 34 | 14 | 8 | 23.5% |
| Hendricks County | 31 | 7 | 10 | 32.3% |
| Boone County | 25 | 7 | 5 | 20.0% |
| Tippecanoe County | 21 | 4 | 4 | 19.0% |
| Elkhart County | 20 | 3 | 7 | 35.0% |
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: 730 applications in 2025, of which 209 were originated and 191 denied.
26.2% of all applications, or 46.7% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Better Mortgage originated in Indiana in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Better 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