Busey Bank · Indiana · 2025

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

Busey Bank took 74 mortgage applications in Indiana in 2025, ranking #309 of 1,025 lenders active in the state. It originated 78.4% of them and denied 6.8% (7.9% of the applications it decided), against a statewide denial rate of 16.6%.

74Applicationsin IN
7.9%Decision denial ratestate 20.1%
7.13%Median ratestate 6.75%
$175,000Median loanstate $155,000
$13MVolume10 counties

Busey Bank in Indiana vs the state

6.8%Denial rate-9.81 pts vs state
7.9%Decision denial rate-12.20 pts vs state
78.4%Origination rate+16.13 pts vs state
7.13%Median rate+0.38 pts vs state
0.54Rate spread (pts)+0.17 pts vs state
$68kMedian applicant income
58Loans originated
5Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202386638.1%6.50%#272
2024734716.4%7.63%#294
202574586.8%7.13%#309

What Busey Bank lends in Indiana

By loan purpose

Home purchase 49 66% · 6.1% denied
Refinance 8 11% · 12.5% denied
Home improvement 9 12% · 0.0% denied
Other / HELOC 8 11% · 12.5% denied

By loan type

Conventional 74 100% · 6.8% denied

Why it denied Indiana applicants

Debt-to-income ratio 3 60%
Collateral 1 20%
Employment history 1 20%

Where in Indiana

Counties with the most Busey Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 54405 9.3%
Hamilton County 770 0.0%
Johnson County 330 0.0%
Fulton County 210 0.0%
Hendricks County 220 0.0%
Boone County 220 0.0%
Clark County 110 0.0%
Brown County 110 0.0%
Howard County 100 0.0%
Clinton County 110 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: 74 applications in 2025, of which 58 were originated and 5 denied.

6.8% of all applications, or 7.9% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Busey Bank originated in Indiana in 2025 was 7.13%, against a statewide median of 6.75%.

About this data. Figures are Busey 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