Discover Bank in Indiana vs the state
53.3%Denial rate+36.71 pts vs state
74.9%Decision denial rate+54.75 pts vs state
17.3%Origination rate-44.94 pts vs state
8.95%Median rate+2.20 pts vs state
2.48Rate spread (pts)+2.11 pts vs state
$96kMedian applicant income
282Loans originated
868Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,078 | 804 | 46.2% | 9.99% | #7 |
| 2024 | 5,059 | 939 | 50.4% | 9.11% | #6 |
| 2025 | 1,629 | 282 | 53.3% | 8.95% | #51 |
What Discover Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 217 | 30 | 116 | 53.5% |
| Hamilton County | 144 | 29 | 66 | 45.8% |
| Lake County | 143 | 21 | 79 | 55.2% |
| Allen County | 97 | 20 | 48 | 49.5% |
| St. Joseph County | 70 | 13 | 40 | 57.1% |
| Hendricks County | 69 | 23 | 34 | 49.3% |
| Johnson County | 55 | 5 | 32 | 58.2% |
| Porter County | 54 | 12 | 29 | 53.7% |
| Elkhart County | 45 | 5 | 30 | 66.7% |
| Clark County | 38 | 10 | 21 | 55.3% |
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: 1,629 applications in 2025, of which 282 were originated and 868 denied.
53.3% of all applications, or 74.9% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Discover Bank originated in Indiana in 2025 was 8.95%, against a statewide median of 6.75%.
About this data. Figures are Discover Bank'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