Cardinal Financial Company, Limited Partnership in Indiana vs the state
4.2%Denial rate-12.33 pts vs state
4.4%Decision denial rate-15.71 pts vs state
84.2%Origination rate+21.95 pts vs state
6.99%Median rate+0.24 pts vs state
0.90Rate spread (pts)+0.53 pts vs state
$75kMedian applicant income
794Loans originated
40Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,108 | 927 | 6.2% | 7.25% | #60 |
| 2024 | 920 | 802 | 4.2% | 7.13% | #71 |
| 2025 | 943 | 794 | 4.2% | 6.99% | #74 |
What Cardinal Financial Company, Limited Partnership lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Cardinal Financial Company, Limited Partnership applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Elkhart County | 361 | 335 | 6 | 1.7% |
| St. Joseph County | 217 | 191 | 8 | 3.7% |
| Kosciusko County | 72 | 60 | 2 | 2.8% |
| Marshall County | 28 | 28 | 0 | 0.0% |
| Marion County | 26 | 15 | 4 | 15.4% |
| Lake County | 22 | 14 | 2 | 9.1% |
| Starke County | 20 | 17 | 0 | 0.0% |
| LaGrange County | 14 | 13 | 1 | 7.1% |
| Clark County | 12 | 6 | 3 | 25.0% |
| Porter County | 10 | 7 | 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: 943 applications in 2025, of which 794 were originated and 40 denied.
4.2% of all applications, or 4.4% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Cardinal Financial Company, Limited Partnership originated in Indiana in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are Cardinal Financial Company, Limited Partnership'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