Forum in Indiana vs the state
13.3%Denial rate-3.30 pts vs state
16.6%Decision denial rate-3.56 pts vs state
66.3%Origination rate+4.03 pts vs state
7.25%Median rate+0.50 pts vs state
0.24Rate spread (pts)-0.13 pts vs state
$111kMedian applicant income
1,423Loans originated
285Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,034 | 1,259 | 16.4% | 8.00% | #35 |
| 2024 | 1,875 | 1,205 | 13.4% | 8.00% | #40 |
| 2025 | 2,147 | 1,423 | 13.3% | 7.25% | #38 |
What Forum lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Forum applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 765 | 477 | 125 | 16.3% |
| Hamilton County | 483 | 354 | 38 | 7.9% |
| Johnson County | 178 | 119 | 22 | 12.4% |
| Hendricks County | 151 | 97 | 30 | 19.9% |
| Hancock County | 146 | 103 | 19 | 13.0% |
| Madison County | 68 | 50 | 8 | 11.8% |
| Boone County | 57 | 39 | 7 | 12.3% |
| Morgan County | 57 | 33 | 6 | 10.5% |
| Delaware County | 29 | 20 | 2 | 6.9% |
| Henry County | 20 | 12 | 1 | 5.0% |
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: 2,147 applications in 2025, of which 1,423 were originated and 285 denied.
13.3% of all applications, or 16.6% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Forum originated in Indiana in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Forum'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