Guaranteed Rate in Indiana vs the state
6.9%Denial rate-9.71 pts vs state
11.1%Decision denial rate-9.04 pts vs state
53.6%Origination rate-8.63 pts vs state
6.63%Median rate-0.13 pts vs state
0.34Rate spread (pts)-0.03 pts vs state
$94kMedian applicant income
1,431Loans originated
183Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,765 | 972 | 4.1% | 6.75% | #40 |
| 2024 | 1,911 | 1,213 | 7.1% | 6.75% | #39 |
| 2025 | 2,669 | 1,431 | 6.9% | 6.63% | #30 |
What Guaranteed Rate lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Guaranteed Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lake County | 735 | 470 | 36 | 4.9% |
| Marion County | 471 | 262 | 33 | 7.0% |
| Hamilton County | 251 | 139 | 11 | 4.4% |
| Porter County | 159 | 92 | 8 | 5.0% |
| Johnson County | 84 | 40 | 8 | 9.5% |
| Hendricks County | 83 | 40 | 8 | 9.6% |
| LaPorte County | 82 | 55 | 1 | 1.2% |
| Hancock County | 63 | 31 | 4 | 6.3% |
| Allen County | 52 | 28 | 3 | 5.8% |
| Madison County | 49 | 19 | 5 | 10.2% |
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: 2,669 applications in 2025, of which 1,431 were originated and 183 denied.
6.9% of all applications, or 11.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Guaranteed Rate originated in Indiana in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Guaranteed Rate'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