Honor Credit Union · Indiana · 2025

Honor Credit Union in Indiana: approval rate, denial rate and rates (2025)

Honor Credit Union took 46 mortgage applications in Indiana in 2025, ranking #359 of 1,025 lenders active in the state. It originated 58.7% of them and denied 17.4% (22.2% of the applications it decided), against a statewide denial rate of 16.6%.

46Applicationsin IN
22.2%Decision denial ratestate 20.1%
7.25%Median ratestate 6.75%
$125,000Median loanstate $155,000
$4.4MVolume10 counties

Honor Credit Union in Indiana vs the state

17.4%Denial rate+0.82 pts vs state
22.2%Decision denial rate+2.08 pts vs state
58.7%Origination rate-3.55 pts vs state
7.25%Median rate+0.50 pts vs state
0.38Rate spread (pts)+0.02 pts vs state
$103kMedian applicant income
27Loans originated
8Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023804527.5%8.00%#277
2024332024.2%7.06%#384
2025462717.4%7.25%#359

What Honor Credit Union lends in Indiana

By loan purpose

Home purchase 14 30% · 7.1% denied
Refinance 3 7% · 0.0% denied
Cash-out refinance 8 17% · 0.0% denied
Home improvement 11 24% · 27.3% denied
Other / HELOC 10 22% · 40.0% denied

By loan type

Conventional 45 98% · 17.8% denied
FHA 1 2% · 0.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 5 63%
Credit history 2 25%
Insufficient cash 1 13%

Where in Indiana

Counties with the most Honor Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
St. Joseph County 24145 20.8%
LaPorte County 1172 18.2%
Elkhart County 320 0.0%
Marshall County 100 0.0%
Lake County 110 0.0%
Steuben County 110 0.0%
Brown County 100 0.0%
Porter County 110 0.0%
Johnson County 100 0.0%
Kosciusko County 101 100.0%

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: 46 applications in 2025, of which 27 were originated and 8 denied.

17.4% of all applications, or 22.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Honor Credit Union originated in Indiana in 2025 was 7.25%, against a statewide median of 6.75%.

About this data. Figures are Honor Credit Union'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