Flagstar Bank in Indiana vs the state
23.1%Denial rate+6.51 pts vs state
29.4%Decision denial rate+9.29 pts vs state
50.9%Origination rate-11.38 pts vs state
6.75%Median rate0.00 pts vs state
0.48Rate spread (pts)+0.12 pts vs state
$67kMedian applicant income
410Loans originated
186Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,543 | 737 | 33.7% | 7.50% | #50 |
| 2024 | 1,367 | 707 | 27.5% | 7.00% | #58 |
| 2025 | 806 | 410 | 23.1% | 6.75% | #80 |
What Flagstar Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Allen County | 260 | 152 | 51 | 19.6% |
| St. Joseph County | 57 | 22 | 17 | 29.8% |
| Marion County | 42 | 19 | 11 | 26.2% |
| Wabash County | 26 | 7 | 6 | 23.1% |
| Steuben County | 25 | 18 | 3 | 12.0% |
| Miami County | 23 | 10 | 8 | 34.8% |
| LaPorte County | 23 | 12 | 4 | 17.4% |
| Hamilton County | 22 | 8 | 6 | 27.3% |
| Huntington County | 22 | 16 | 4 | 18.2% |
| White County | 21 | 6 | 4 | 19.0% |
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: 806 applications in 2025, of which 410 were originated and 186 denied.
23.1% of all applications, or 29.4% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Flagstar Bank originated in Indiana in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Flagstar 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