Homexpress Mortgage · Indiana · 2025

Homexpress Mortgage in Indiana: approval rate, denial rate and rates (2025)

Homexpress Mortgage took 212 mortgage applications in Indiana in 2025, ranking #193 of 1,025 lenders active in the state. It originated 43.9% of them and denied 51.4% (52.2% of the applications it decided), against a statewide denial rate of 16.6%.

212Applicationsin IN
52.2%Decision denial ratestate 20.1%
7.75%Median ratestate 6.75%
$155,000Median loanstate $155,000
$20MVolume31 counties

Homexpress Mortgage in Indiana vs the state

51.4%Denial rate+34.85 pts vs state
52.2%Decision denial rate+32.01 pts vs state
43.9%Origination rate-18.38 pts vs state
7.75%Median rate+1.00 pts vs state
1.16Rate spread (pts)+0.79 pts vs state
$261kMedian applicant income
93Loans originated
109Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023783850.0%8.50%#281
202420410447.6%8.38%#188
20252129351.4%7.75%#193

What Homexpress Mortgage lends in Indiana

By loan purpose

Home purchase 31 15% · 41.9% denied
Refinance 27 13% · 33.3% denied
Cash-out refinance 154 73% · 56.5% denied

By loan type

Conventional 212 100% · 51.4% denied

Why it denied Indiana applicants

Credit history 97 89%
Collateral 9 8%
Insufficient cash 2 2%
Employment history 1 1%

Where in Indiana

Counties with the most Homexpress Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 733433 45.2%
Lake County 261213 50.0%
St. Joseph County 19712 63.2%
Jackson County 13013 100.0%
Howard County 862 25.0%
Allen County 853 37.5%
Bartholomew County 808 100.0%
Hamilton County 724 57.1%
Jennings County 606 100.0%
Johnson County 642 33.3%

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: 212 applications in 2025, of which 93 were originated and 109 denied.

51.4% of all applications, or 52.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Homexpress Mortgage originated in Indiana in 2025 was 7.75%, against a statewide median of 6.75%.

About this data. Figures are Homexpress 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