Foundation Mortgage in Indiana vs the state
6.9%Denial rate-9.67 pts vs state
6.9%Decision denial rate-13.24 pts vs state
44.8%Origination rate-17.42 pts vs state
7.75%Median rate+1.00 pts vs state
0.51Rate spread (pts)+0.15 pts vs state
$100kMedian applicant income
13Loans originated
2Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 13 | 5 | 0.0% | 9.13% | #484 |
| 2024 | 35 | 20 | 11.4% | 7.44% | #377 |
| 2025 | 29 | 13 | 6.9% | 7.75% | #416 |
What Foundation Mortgage lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 10 | 6 | 2 | 20.0% |
| Hamilton County | 7 | 4 | 0 | 0.0% |
| Lake County | 4 | 1 | 0 | 0.0% |
| Tippecanoe County | 2 | 1 | 0 | 0.0% |
| Kosciusko County | 2 | 0 | 0 | 0.0% |
| Allen County | 1 | 0 | 0 | 0.0% |
| Grant County | 1 | 0 | 0 | 0.0% |
| Hendricks County | 1 | 0 | 0 | 0.0% |
| Jefferson County | 1 | 1 | 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: 29 applications in 2025, of which 13 were originated and 2 denied.
6.9% of all applications, or 6.9% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Foundation Mortgage originated in Indiana in 2025 was 7.75%, against a statewide median of 6.75%.
About this data. Figures are Foundation 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