Commonwealth in Indiana vs the state
36.0%Denial rate+19.43 pts vs state
45.0%Decision denial rate+24.86 pts vs state
42.0%Origination rate-20.25 pts vs state
7.25%Median rate+0.50 pts vs state
0.30Rate spread (pts)-0.07 pts vs state
$121kMedian applicant income
21Loans originated
18Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 38 | 24 | 29.0% | 8.56% | #353 |
| 2024 | 22 | 11 | 27.3% | 8.25% | #439 |
| 2025 | 50 | 21 | 36.0% | 7.25% | #352 |
What Commonwealth lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Commonwealth applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Floyd County | 21 | 9 | 7 | 33.3% |
| Clark County | 19 | 8 | 8 | 42.1% |
| Putnam County | 3 | 1 | 0 | 0.0% |
| Harrison County | 2 | 2 | 0 | 0.0% |
| Madison County | 1 | 0 | 1 | 100.0% |
| St. Joseph County | 1 | 0 | 0 | 0.0% |
| Marion County | 1 | 1 | 0 | 0.0% |
| Washington County | 1 | 0 | 1 | 100.0% |
| Ripley County | 1 | 0 | 1 | 100.0% |
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: 50 applications in 2025, of which 21 were originated and 18 denied.
36.0% of all applications, or 45.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Commonwealth originated in Indiana in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Commonwealth'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