Lake City Bank · Indiana · 2025

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

Lake City Bank took 2,361 mortgage applications in Indiana in 2025, ranking #34 of 1,025 lenders active in the state. It originated 76.8% of them and denied 11.7% (12.5% of the applications it decided), against a statewide denial rate of 16.6%.

2.4kApplicationsin IN
12.5%Decision denial ratestate 20.1%
7.75%Median ratestate 6.75%
$95,000Median loanstate $155,000
$337MVolume39 counties

Lake City Bank in Indiana vs the state

11.7%Denial rate-4.88 pts vs state
12.5%Decision denial rate-7.63 pts vs state
76.8%Origination rate+14.54 pts vs state
7.75%Median rate+1.00 pts vs state
0.46Rate spread (pts)+0.09 pts vs state
$97kMedian applicant income
1,813Loans originated
276Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,9711,57810.9%8.50%#36
20242,1791,69612.7%8.75%#34
20252,3611,81311.7%7.75%#34

What Lake City Bank lends in Indiana

By loan purpose

Home purchase 255 11% · 6.3% denied
Refinance 600 25% · 4.2% denied
Cash-out refinance 519 22% · 12.0% denied
Home improvement 33 1% · 18.2% denied
Other / HELOC 954 40% · 17.5% denied

By loan type

Conventional 2,361 100% · 11.7% denied

Why it denied Indiana applicants

Debt-to-income ratio 128 46%
Credit history 94 34%
Collateral 40 14%
Other 8 3%
Employment history 2 1%
Unverifiable information 2 1%
Insufficient cash 1 0%
Mortgage insurance denied 1 0%

Where in Indiana

Counties with the most Lake City Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kosciusko County 54443455 10.1%
Elkhart County 41031945 11.0%
Allen County 24018523 9.6%
Marshall County 17613620 11.4%
St. Joseph County 15111320 13.2%
Noble County 14812514 9.5%
Hamilton County 1198818 15.1%
LaGrange County 1027812 11.8%
Marion County 855316 18.8%
Fulton County 755611 14.7%

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: 2,361 applications in 2025, of which 1,813 were originated and 276 denied.

11.7% of all applications, or 12.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Lake City Bank originated in Indiana in 2025 was 7.75%, against a statewide median of 6.75%.

About this data. Figures are Lake City 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