Independence Bank of Kentucky in Indiana vs the state
12.5%Denial rate-4.07 pts vs state
15.4%Decision denial rate-4.76 pts vs state
68.8%Origination rate+6.50 pts vs state
6.95%Median rate+0.20 pts vs state
0.09Rate spread (pts)-0.28 pts vs state
$123kMedian applicant income
11Loans originated
2Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 30 | 27 | 0.0% | 7.00% | #382 |
| 2024 | 30 | 25 | 6.7% | 7.50% | #404 |
| 2025 | 16 | 11 | 12.5% | 6.95% | #485 |
What Independence Bank of Kentucky lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Independence Bank of Kentucky applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Vanderburgh County | 5 | 4 | 0 | 0.0% |
| Spencer County | 4 | 2 | 2 | 50.0% |
| Warrick County | 3 | 1 | 0 | 0.0% |
| Perry County | 1 | 1 | 0 | 0.0% |
| Floyd County | 1 | 1 | 0 | 0.0% |
| Johnson County | 1 | 1 | 0 | 0.0% |
| Clark County | 1 | 1 | 0 | 0.0% |
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: 16 applications in 2025, of which 11 were originated and 2 denied.
12.5% of all applications, or 15.4% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Independence Bank of Kentucky originated in Indiana in 2025 was 6.95%, against a statewide median of 6.75%.
About this data. Figures are Independence Bank of Kentucky'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