First Equity Mortgage in Indiana vs the state
5.4%Denial rate-11.18 pts vs state
8.2%Decision denial rate-11.96 pts vs state
60.5%Origination rate-1.77 pts vs state
6.50%Median rate-0.25 pts vs state
0.12Rate spread (pts)-0.25 pts vs state
$188kMedian applicant income
101Loans originated
9Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 148 | 76 | 3.4% | 6.25% | #211 |
| 2024 | 224 | 130 | 8.5% | 6.50% | #183 |
| 2025 | 167 | 101 | 5.4% | 6.50% | #222 |
What First Equity Mortgage lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most First Equity Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hamilton County | 76 | 57 | 1 | 1.3% |
| Hendricks County | 37 | 20 | 5 | 13.5% |
| Hancock County | 36 | 15 | 1 | 2.8% |
| Marion County | 11 | 4 | 2 | 18.2% |
| Morgan County | 2 | 2 | 0 | 0.0% |
| Boone County | 2 | 2 | 0 | 0.0% |
| Howard County | 1 | 1 | 0 | 0.0% |
| Dearborn County | 1 | 0 | 0 | 0.0% |
| St. Joseph County | 1 | 0 | 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: 167 applications in 2025, of which 101 were originated and 9 denied.
5.4% of all applications, or 8.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans First Equity Mortgage originated in Indiana in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are First Equity 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