Inova in Indiana vs the state
15.8%Denial rate-0.76 pts vs state
17.8%Decision denial rate-2.30 pts vs state
67.9%Origination rate+5.68 pts vs state
2.99%Median rate-3.76 pts vs state
-0.07Rate spread (pts)-0.44 pts vs state
$79kMedian applicant income
305Loans originated
71Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 430 | 293 | 17.2% | 2.99% | #110 |
| 2024 | 469 | 327 | 13.9% | 2.99% | #113 |
| 2025 | 449 | 305 | 15.8% | 2.99% | #127 |
What Inova lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Inova applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Elkhart County | 210 | 143 | 30 | 14.3% |
| St. Joseph County | 172 | 127 | 23 | 13.4% |
| LaPorte County | 30 | 14 | 8 | 26.7% |
| Marion County | 6 | 4 | 2 | 33.3% |
| Hamilton County | 5 | 3 | 1 | 20.0% |
| Starke County | 3 | 1 | 2 | 66.7% |
| Marshall County | 3 | 3 | 0 | 0.0% |
| Kosciusko County | 3 | 3 | 0 | 0.0% |
| Porter County | 3 | 1 | 1 | 33.3% |
| Lake County | 2 | 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: 449 applications in 2025, of which 305 were originated and 71 denied.
15.8% of all applications, or 17.8% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Inova originated in Indiana in 2025 was 2.99%, against a statewide median of 6.75%.
About this data. Figures are Inova'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