Horizon Bank in Indiana vs the state
20.9%Denial rate+4.32 pts vs state
22.2%Decision denial rate+2.09 pts vs state
69.9%Origination rate+7.64 pts vs state
6.00%Median rate-0.75 pts vs state
-1.09Rate spread (pts)-1.46 pts vs state
$98kMedian applicant income
1,994Loans originated
596Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,140 | 2,023 | 28.9% | 7.25% | #17 |
| 2024 | 2,749 | 1,835 | 25.3% | 7.38% | #22 |
| 2025 | 2,853 | 1,994 | 20.9% | 6.00% | #25 |
What Horizon Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Horizon Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| LaPorte County | 571 | 378 | 147 | 25.7% |
| Porter County | 304 | 224 | 45 | 14.8% |
| Marion County | 226 | 152 | 56 | 24.8% |
| Hamilton County | 196 | 157 | 26 | 13.3% |
| Johnson County | 171 | 117 | 40 | 23.4% |
| Lake County | 153 | 92 | 48 | 31.4% |
| St. Joseph County | 135 | 96 | 19 | 14.1% |
| Allen County | 119 | 89 | 20 | 16.8% |
| Tippecanoe County | 118 | 83 | 21 | 17.8% |
| Elkhart County | 97 | 66 | 22 | 22.7% |
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: 2,853 applications in 2025, of which 1,994 were originated and 596 denied.
20.9% 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 Horizon Bank originated in Indiana in 2025 was 6.00%, against a statewide median of 6.75%.
About this data. Figures are Horizon 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