Direct Mortgage Loans in Indiana vs the state
1.9%Denial rate-14.66 pts vs state
2.2%Decision denial rate-17.99 pts vs state
80.1%Origination rate+17.86 pts vs state
6.56%Median rate-0.19 pts vs state
0.70Rate spread (pts)+0.33 pts vs state
$80kMedian applicant income
294Loans originated
7Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 369 | 311 | 2.7% | 6.99% | #118 |
| 2024 | 393 | 330 | 1.3% | 6.75% | #128 |
| 2025 | 367 | 294 | 1.9% | 6.56% | #142 |
What Direct Mortgage Loans lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Direct Mortgage Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lake County | 234 | 190 | 6 | 2.6% |
| Jackson County | 22 | 18 | 0 | 0.0% |
| Porter County | 21 | 17 | 1 | 4.8% |
| Scott County | 21 | 18 | 0 | 0.0% |
| Jasper County | 9 | 6 | 0 | 0.0% |
| Miami County | 9 | 5 | 0 | 0.0% |
| Bartholomew County | 5 | 3 | 0 | 0.0% |
| Jennings County | 5 | 3 | 0 | 0.0% |
| Clark County | 4 | 4 | 0 | 0.0% |
| LaPorte County | 4 | 3 | 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: 367 applications in 2025, of which 294 were originated and 7 denied.
1.9% of all applications, or 2.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Direct Mortgage Loans originated in Indiana in 2025 was 6.56%, against a statewide median of 6.75%.
About this data. Figures are Direct Mortgage Loans'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