Interra Credit Union · Indiana · 2025

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

Interra Credit Union took 1,467 mortgage applications in Indiana in 2025, ranking #58 of 1,025 lenders active in the state. It originated 64.8% of them and denied 19.6% (22.9% of the applications it decided), against a statewide denial rate of 16.6%.

1.5kApplicationsin IN
22.9%Decision denial ratestate 20.1%
7.50%Median ratestate 6.75%
$105,000Median loanstate $155,000
$159MVolume21 counties

Interra Credit Union in Indiana vs the state

19.6%Denial rate+2.99 pts vs state
22.9%Decision denial rate+2.71 pts vs state
64.8%Origination rate+2.51 pts vs state
7.50%Median rate+0.75 pts vs state
0.26Rate spread (pts)-0.11 pts vs state
$83kMedian applicant income
950Loans originated
287Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,4141,02517.1%8.00%#52
20241,6551,14215.6%8.00%#48
20251,46795019.6%7.50%#58

What Interra Credit Union lends in Indiana

By loan purpose

Home purchase 398 27% · 12.6% denied
Refinance 344 23% · 15.7% denied
Cash-out refinance 92 6% · 32.6% denied
Home improvement 370 25% · 22.2% denied
Other / HELOC 263 18% · 27.0% denied

By loan type

Conventional 1,467 100% · 19.6% denied

Why it denied Indiana applicants

Debt-to-income ratio 99 34%
Credit history 76 26%
Collateral 52 18%
Other 44 15%
Unverifiable information 9 3%
Insufficient cash 5 2%
Employment history 1 0%
Incomplete application 1 0%

Where in Indiana

Counties with the most Interra Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Elkhart County 865572161 18.6%
LaGrange County 20412836 17.6%
Kosciusko County 1348228 20.9%
Noble County 865025 29.1%
St. Joseph County 765512 15.8%
Marshall County 623914 22.6%
Steuben County 962 22.2%
DeKalb County 523 60.0%
Allen County 430 0.0%
Starke County 431 25.0%

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: 1,467 applications in 2025, of which 950 were originated and 287 denied.

19.6% of all applications, or 22.9% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Interra Credit Union originated in Indiana in 2025 was 7.50%, against a statewide median of 6.75%.

About this data. Figures are Interra 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