German American Bank · Indiana · 2025

German American Bank in Indiana: approval rate, denial rate and rates (2025)

German American Bank took 2,736 mortgage applications in Indiana in 2025, ranking #28 of 1,025 lenders active in the state. It originated 75.0% of them and denied 16.4% (17.7% of the applications it decided), against a statewide denial rate of 16.6%.

2.7kApplicationsin IN
17.7%Decision denial ratestate 20.1%
6.88%Median ratestate 6.75%
$105,000Median loanstate $155,000
$373MVolume48 counties

German American Bank in Indiana vs the state

16.4%Denial rate-0.20 pts vs state
17.7%Decision denial rate-2.47 pts vs state
75.0%Origination rate+12.79 pts vs state
6.88%Median rate+0.13 pts vs state
-7.11Rate spread (pts)-7.48 pts vs state
$90kMedian applicant income
2,053Loans originated
448Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,6381,91315.5%7.13%#21
20242,6291,99614.2%7.13%#25
20252,7362,05316.4%6.88%#28

What German American Bank lends in Indiana

By loan purpose

Home purchase 809 30% · 8.4% denied
Refinance 864 32% · 13.3% denied
Cash-out refinance 89 3% · 34.8% denied
Home improvement 549 20% · 22.4% denied
Other / HELOC 425 16% · 26.1% denied

By loan type

Conventional 2,581 94% · 16.0% denied
FHA 121 4% · 21.5% denied
VA 14 1% · 21.4% denied
USDA / RHS 20 1% · 25.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 183 41%
Credit history 180 40%
Collateral 31 7%
Employment history 27 6%
Other 15 3%
Incomplete application 7 2%
Insufficient cash 3 1%
Unverifiable information 2 0%

Where in Indiana

Counties with the most German American Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Dubois County 33226936 10.8%
Perry County 23719129 12.2%
Vanderburgh County 21417029 13.6%
Clark County 17712633 18.6%
Daviess County 17713827 15.3%
Jefferson County 17312329 16.8%
Bartholomew County 17314219 11.0%
Knox County 1258928 22.4%
Monroe County 1158714 12.2%
Pike County 1128025 22.3%

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: 2,736 applications in 2025, of which 2,053 were originated and 448 denied.

16.4% of all applications, or 17.7% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans German American Bank originated in Indiana in 2025 was 6.88%, against a statewide median of 6.75%.

About this data. Figures are German American 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