Connexus Credit Union · Indiana · 2025

Connexus Credit Union in Indiana: approval rate, denial rate and rates (2025)

Connexus Credit Union took 52 mortgage applications in Indiana in 2025, ranking #346 of 1,025 lenders active in the state. It originated 36.5% of them and denied 50.0% (56.5% of the applications it decided), against a statewide denial rate of 16.6%.

52Applicationsin IN
56.5%Decision denial ratestate 20.1%
7.13%Median ratestate 6.75%
$85,000Median loanstate $155,000
$2.8MVolume21 counties

Connexus Credit Union in Indiana vs the state

50.0%Denial rate+33.43 pts vs state
56.5%Decision denial rate+36.38 pts vs state
36.5%Origination rate-25.71 pts vs state
7.13%Median rate+0.38 pts vs state
1.04Rate spread (pts)+0.68 pts vs state
$132kMedian applicant income
19Loans originated
26Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023702450.0%5.49%#289
2024492246.9%6.50%#344
2025521950.0%7.13%#346

What Connexus Credit Union lends in Indiana

By loan purpose

Home purchase 2 4% · 50.0% denied
Refinance 7 13% · 28.6% denied
Cash-out refinance 4 8% · 0.0% denied
Home improvement 15 29% · 33.3% denied
Other / HELOC 24 46% · 75.0% denied

By loan type

Conventional 52 100% · 50.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 9 35%
Incomplete application 6 23%
Other 6 23%
Credit history 3 12%
Collateral 2 8%

Where in Indiana

Counties with the most Connexus Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lake County 853 37.5%
Marion County 513 60.0%
Hamilton County 513 60.0%
Porter County 430 0.0%
Brown County 404 100.0%
Johnson County 320 0.0%
Hendricks County 312 66.7%
Kosciusko County 330 0.0%
Henry County 210 0.0%
Floyd County 202 100.0%

Other large lenders in Indiana

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,50318.6%6.75%
Ruoff Mortgage CompanyA 8,8604.0%6.75%
Fifth Third BankD 8,69327.6%7.75%
United Shore Financial ServicesB 8,65912.2%6.38%
Freedom MortgageB 5,4548.9%6.25%
NewrezD 5,42118.2%6.63%
First Merchants BankC 5,11419.9%6.76%
Fairway Independent MortgageB 4,8137.4%6.75%
Mortgage Research CenterC 4,79119.0%6.25%
PNC BankD 4,72425.1%7.55%

Frequently asked questions

Indiana: 52 applications in 2025, of which 19 were originated and 26 denied.

50.0% of all applications, or 56.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Connexus Credit Union originated in Indiana in 2025 was 7.13%, against a statewide median of 6.75%.

About this data. Figures are Connexus Credit Union'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