Commercial Lender in Indiana vs the state
83.6%Denial rate+66.98 pts vs state
87.0%Decision denial rate+66.85 pts vs state
12.5%Origination rate-49.75 pts vs state
11.14%Median rate+4.39 pts vs state
—Rate spread (pts)
—Median applicant income
19Loans originated
127Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 104 | 16 | 28.9% | 11.99% | #245 |
| 2024 | 153 | 22 | 32.7% | 11.24% | #219 |
| 2025 | 152 | 19 | 83.6% | 11.14% | #230 |
What Commercial Lender lends in Indiana
By loan purpose
By loan type
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: 152 applications in 2025, of which 19 were originated and 127 denied.
83.6% of all applications, or 87.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Commercial Lender originated in Indiana in 2025 was 11.14%, against a statewide median of 6.75%.
About this data. Figures are Commercial Lender'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