Ixonia Bank · Indiana · 2025

Ixonia Bank in Indiana: approval rate, denial rate and rates (2025)

Ixonia Bank took 556 mortgage applications in Indiana in 2025, ranking #106 of 1,025 lenders active in the state. It originated 70.9% of them and denied 4.1% (5.5% of the applications it decided), against a statewide denial rate of 16.6%.

556Applicationsin IN
5.5%Decision denial ratestate 20.1%
6.75%Median ratestate 6.75%
$245,000Median loanstate $155,000
$107MVolume40 counties

Ixonia Bank in Indiana vs the state

4.1%Denial rate-12.43 pts vs state
5.5%Decision denial rate-14.69 pts vs state
70.9%Origination rate+8.61 pts vs state
6.75%Median rate0.00 pts vs state
0.65Rate spread (pts)+0.28 pts vs state
$94kMedian applicant income
394Loans originated
23Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202318712011.2%7.44%#183
20246204264.4%6.99%#93
20255563944.1%6.75%#106

What Ixonia Bank lends in Indiana

By loan purpose

Home purchase 430 77% · 4.0% denied
Refinance 65 12% · 0.0% denied
Cash-out refinance 43 8% · 7.0% denied
Home improvement 3 1% · 0.0% denied
Other / HELOC 15 3% · 20.0% denied

By loan type

Conventional 378 68% · 4.0% denied
FHA 146 26% · 4.1% denied
VA 26 5% · 3.9% denied
USDA / RHS 6 1% · 16.7% denied

Why it denied Indiana applicants

Debt-to-income ratio 7 30%
Credit history 7 30%
Unverifiable information 4 17%
Collateral 2 9%
Insufficient cash 1 4%
Other 1 4%
Employment history 1 4%

Where in Indiana

Counties with the most Ixonia Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lake County 1611119 5.6%
Porter County 1271011 0.8%
Marion County 71472 2.8%
LaPorte County 33221 3.0%
Hamilton County 30200 0.0%
Hendricks County 16131 6.3%
Allen County 1153 27.3%
Cass County 1060 0.0%
Miami County 970 0.0%
Jasper County 970 0.0%

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: 556 applications in 2025, of which 394 were originated and 23 denied.

4.1% of all applications, or 5.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Ixonia Bank originated in Indiana in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are Ixonia 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