Envoy Mortgage · Indiana · 2025

Envoy Mortgage in Indiana: approval rate, denial rate and rates (2025)

Envoy Mortgage took 180 mortgage applications in Indiana in 2025, ranking #213 of 1,025 lenders active in the state. It originated 75.6% of them and denied 2.2% (2.8% of the applications it decided), against a statewide denial rate of 16.6%.

180Applicationsin IN
2.8%Decision denial ratestate 20.1%
6.75%Median ratestate 6.75%
$185,000Median loanstate $155,000
$28MVolume35 counties

Envoy Mortgage in Indiana vs the state

2.2%Denial rate-14.35 pts vs state
2.8%Decision denial rate-17.30 pts vs state
75.6%Origination rate+13.31 pts vs state
6.75%Median rate0.00 pts vs state
0.65Rate spread (pts)+0.28 pts vs state
$77kMedian applicant income
136Loans originated
4Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202352423.9%6.88%#317
202488554.6%7.13%#267
20251801362.2%6.75%#213

What Envoy Mortgage lends in Indiana

By loan purpose

Home purchase 169 94% · 1.8% denied
Refinance 3 2% · 0.0% denied
Cash-out refinance 8 4% · 12.5% denied

By loan type

Conventional 111 62% · 2.7% denied
FHA 62 34% · 1.6% denied
VA 6 3% · 0.0% denied
USDA / RHS 1 1% · 0.0% denied

Why it denied Indiana applicants

Other 2 50%
Employment history 1 25%
Debt-to-income ratio 1 25%

Where in Indiana

Counties with the most Envoy Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Vanderburgh County 57422 3.5%
Allen County 49390 0.0%
Madison County 961 11.1%
Warrick County 760 0.0%
Tippecanoe County 630 0.0%
Gibson County 440 0.0%
Posey County 440 0.0%
Clark County 320 0.0%
Spencer County 330 0.0%
Floyd County 330 0.0%

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: 180 applications in 2025, of which 136 were originated and 4 denied.

2.2% of all applications, or 2.8% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Envoy Mortgage originated in Indiana in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are Envoy Mortgage'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