First National Bank · Indiana · 2025

First National Bank in Indiana: approval rate, denial rate and rates (2025)

First National Bank took 109 mortgage applications in Indiana in 2025, ranking #261 of 1,025 lenders active in the state. It originated 72.5% of them and denied 7.3% (9.2% of the applications it decided), against a statewide denial rate of 16.6%.

109Applicationsin IN
9.2%Decision denial ratestate 20.1%
Median ratestate 6.75%
$185,000Median loanstate $155,000
$17MVolume13 counties

First National Bank in Indiana vs the state

7.3%Denial rate-9.23 pts vs state
9.2%Decision denial rate-10.94 pts vs state
72.5%Origination rate+10.23 pts vs state
Median rate
Rate spread (pts)
$98kMedian applicant income
79Loans originated
8Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023112893.6%#235
202483714.8%#282
2025109797.3%#261

What First National Bank lends in Indiana

By loan purpose

Home purchase 40 37% · 2.5% denied
Refinance 9 8% · 11.1% denied
Cash-out refinance 53 49% · 9.4% denied
Home improvement 2 2% · 0.0% denied
Other / HELOC 5 5% · 20.0% denied

By loan type

Conventional 109 100% · 7.3% denied

Why it denied Indiana applicants

Debt-to-income ratio 6 75%
Employment history 1 13%
Credit history 1 13%

Where in Indiana

Counties with the most First National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Putnam County 46297 15.2%
Owen County 17121 5.9%
Johnson County 12120 0.0%
Hendricks County 1070 0.0%
Morgan County 760 0.0%
Clay County 640 0.0%
Parke County 320 0.0%
Marion County 330 0.0%
Vigo County 110 0.0%
Shelby County 110 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: 109 applications in 2025, of which 79 were originated and 8 denied.

7.3% of all applications, or 9.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First National 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