Canopy Mortgage in Indiana vs the state
3.3%Denial rate-13.24 pts vs state
4.8%Decision denial rate-15.38 pts vs state
66.7%Origination rate+4.42 pts vs state
6.63%Median rate-0.13 pts vs state
0.25Rate spread (pts)-0.11 pts vs state
$120kMedian applicant income
40Loans originated
2Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 9 | 4 | 11.1% | 6.56% | #538 |
| 2024 | 64 | 40 | 1.6% | 6.88% | #308 |
| 2025 | 60 | 40 | 3.3% | 6.63% | #332 |
What Canopy Mortgage lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Canopy Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Porter County | 21 | 16 | 0 | 0.0% |
| Lake County | 14 | 10 | 1 | 7.1% |
| Delaware County | 7 | 3 | 0 | 0.0% |
| Hamilton County | 3 | 0 | 0 | 0.0% |
| Marion County | 3 | 2 | 0 | 0.0% |
| Floyd County | 2 | 1 | 0 | 0.0% |
| Madison County | 2 | 2 | 0 | 0.0% |
| Grant County | 1 | 1 | 0 | 0.0% |
| Elkhart County | 1 | 0 | 1 | 100.0% |
| Henry County | 1 | 1 | 0 | 0.0% |
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: 60 applications in 2025, of which 40 were originated and 2 denied.
3.3% of all applications, or 4.8% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Canopy Mortgage originated in Indiana in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Canopy 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