Figure Lending in Indiana vs the state
27.6%Denial rate+11.03 pts vs state
28.4%Decision denial rate+8.27 pts vs state
47.2%Origination rate-15.05 pts vs state
10.35%Median rate+3.60 pts vs state
4.08Rate spread (pts)+3.71 pts vs state
$92kMedian applicant income
766Loans originated
448Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,356 | 624 | 31.6% | 11.82% | #55 |
| 2024 | 1,519 | 742 | 29.4% | 11.50% | #51 |
| 2025 | 1,623 | 766 | 27.6% | 10.35% | #52 |
What Figure Lending lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 209 | 94 | 58 | 27.8% |
| Lake County | 133 | 58 | 44 | 33.1% |
| Hamilton County | 99 | 52 | 27 | 27.3% |
| Allen County | 72 | 39 | 21 | 29.2% |
| St. Joseph County | 59 | 33 | 7 | 11.9% |
| Hendricks County | 54 | 21 | 19 | 35.2% |
| Porter County | 51 | 23 | 12 | 23.5% |
| Elkhart County | 48 | 18 | 13 | 27.1% |
| Monroe County | 40 | 18 | 8 | 20.0% |
| Clark County | 40 | 20 | 12 | 30.0% |
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: 1,623 applications in 2025, of which 766 were originated and 448 denied.
27.6% of all applications, or 28.4% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Figure Lending originated in Indiana in 2025 was 10.35%, against a statewide median of 6.75%.
About this data. Figures are Figure Lending'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