Consumer Real Estate Finance · Indiana · 2025

Consumer Real Estate Finance in Indiana: approval rate, denial rate and rates (2025)

Consumer Real Estate Finance took 112 mortgage applications in Indiana in 2025, ranking #255 of 1,025 lenders active in the state. It originated 47.3% of them and denied 33.0% (41.1% of the applications it decided), against a statewide denial rate of 16.6%.

112Applicationsin IN
41.1%Decision denial ratestate 20.1%
6.88%Median ratestate 6.75%
$155,000Median loanstate $155,000
$8.7MVolume44 counties

Consumer Real Estate Finance in Indiana vs the state

33.0%Denial rate+16.47 pts vs state
41.1%Decision denial rate+20.97 pts vs state
47.3%Origination rate-14.93 pts vs state
6.88%Median rate+0.13 pts vs state
1.17Rate spread (pts)+0.80 pts vs state
$60kMedian applicant income
53Loans originated
37Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231023724.5%6.75%#248
20241125125.9%7.13%#240
20251125333.0%6.88%#255

What Consumer Real Estate Finance lends in Indiana

By loan purpose

Home purchase 87 78% · 32.2% denied
Refinance 2 2% · 0.0% denied
Other / HELOC 23 21% · 39.1% denied

By loan type

Conventional 21 19% · 23.8% denied
FHA 49 44% · 34.7% denied
USDA / RHS 42 38% · 35.7% denied

Why it denied Indiana applicants

Other 8 22%
Credit history 8 22%
Incomplete application 7 19%
Collateral 7 19%
Debt-to-income ratio 4 11%
Unverifiable information 2 5%
Insufficient cash 1 3%

Where in Indiana

Counties with the most Consumer Real Estate Finance applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Madison County 1244 33.3%
Marion County 733 42.9%
Lake County 642 33.3%
Delaware County 531 20.0%
Blackford County 540 0.0%
Knox County 520 0.0%
Scott County 412 50.0%
Howard County 413 75.0%
Wabash County 311 33.3%
Putnam County 303 100.0%

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: 112 applications in 2025, of which 53 were originated and 37 denied.

33.0% of all applications, or 41.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Consumer Real Estate Finance originated in Indiana in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are Consumer Real Estate Finance'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