BMO Bank in Indiana vs the state
28.9%Denial rate+12.37 pts vs state
34.4%Decision denial rate+14.28 pts vs state
53.4%Origination rate-8.88 pts vs state
8.48%Median rate+1.73 pts vs state
1.25Rate spread (pts)+0.88 pts vs state
$81kMedian applicant income
1,029Loans originated
558Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,828 | 858 | 34.2% | 8.54% | #38 |
| 2024 | 1,992 | 996 | 31.5% | 8.95% | #38 |
| 2025 | 1,928 | 1,029 | 28.9% | 8.48% | #43 |
What BMO Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lake County | 416 | 188 | 140 | 33.7% |
| Marion County | 390 | 200 | 125 | 32.1% |
| Hamilton County | 302 | 183 | 60 | 19.9% |
| Morgan County | 159 | 96 | 40 | 25.2% |
| Howard County | 114 | 63 | 27 | 23.7% |
| Hendricks County | 103 | 57 | 32 | 31.1% |
| Johnson County | 91 | 55 | 25 | 27.5% |
| Porter County | 73 | 41 | 19 | 26.0% |
| Boone County | 38 | 24 | 8 | 21.1% |
| Madison County | 33 | 22 | 8 | 24.2% |
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: 1,928 applications in 2025, of which 1,029 were originated and 558 denied.
28.9% of all applications, or 34.4% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans BMO Bank originated in Indiana in 2025 was 8.48%, against a statewide median of 6.75%.
About this data. Figures are BMO 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