Commerce Home Mortgage in Indiana vs the state
11.6%Denial rate-4.94 pts vs state
16.1%Decision denial rate-4.01 pts vs state
60.5%Origination rate-1.78 pts vs state
7.44%Median rate+0.69 pts vs state
1.07Rate spread (pts)+0.70 pts vs state
$201kMedian applicant income
26Loans originated
5Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 28 | 17 | 14.3% | 8.75% | #392 |
| 2024 | 20 | 10 | 25.0% | 7.63% | #457 |
| 2025 | 43 | 26 | 11.6% | 7.44% | #367 |
What Commerce Home Mortgage lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 9 | 8 | 0 | 0.0% |
| Lake County | 8 | 3 | 1 | 12.5% |
| Hamilton County | 6 | 4 | 0 | 0.0% |
| St. Joseph County | 3 | 2 | 1 | 33.3% |
| Allen County | 3 | 1 | 1 | 33.3% |
| Franklin County | 2 | 0 | 0 | 0.0% |
| Boone County | 2 | 2 | 0 | 0.0% |
| Howard County | 1 | 0 | 1 | 100.0% |
| Whitley County | 1 | 0 | 0 | 0.0% |
| Bartholomew 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: 43 applications in 2025, of which 26 were originated and 5 denied.
11.6% of all applications, or 16.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Commerce Home Mortgage originated in Indiana in 2025 was 7.44%, against a statewide median of 6.75%.
About this data. Figures are Commerce Home 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