Lennar Mortgage · Indiana · 2025

Lennar Mortgage in Indiana: approval rate, denial rate and rates (2025)

Lennar Mortgage took 2,761 mortgage applications in Indiana in 2025, ranking #27 of 1,025 lenders active in the state. It originated 70.7% of them and denied 14.0% (16.5% of the applications it decided), against a statewide denial rate of 16.6%.

2.8kApplicationsin IN
16.5%Decision denial ratestate 20.1%
4.99%Median ratestate 6.75%
$335,000Median loanstate $155,000
$659MVolume12 counties

Lennar Mortgage in Indiana vs the state

14.0%Denial rate-2.59 pts vs state
16.5%Decision denial rate-3.65 pts vs state
70.7%Origination rate+8.45 pts vs state
4.99%Median rate-1.76 pts vs state
-0.79Rate spread (pts)-1.15 pts vs state
$105kMedian applicant income
1,952Loans originated
386Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,3361,65811.3%5.13%#27
20242,7181,91717.0%5.13%#23
20252,7611,95214.0%4.99%#27

What Lennar Mortgage lends in Indiana

By loan purpose

Home purchase 2,760 100% · 14.0% denied
Cash-out refinance 1 0% · 100.0% denied

By loan type

Conventional 1,928 70% · 9.9% denied
FHA 694 25% · 25.4% denied
VA 139 5% · 13.7% denied

Why it denied Indiana applicants

Debt-to-income ratio 214 55%
Credit history 56 15%
Employment history 39 10%
Unverifiable information 32 8%
Other 32 8%
Insufficient cash 11 3%
Incomplete application 2 1%

Where in Indiana

Counties with the most Lennar Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Hamilton County 60346934 5.6%
Johnson County 482281105 21.8%
Hancock County 46135653 11.5%
Marion County 37222984 22.6%
Lake County 31925621 6.6%
Hendricks County 27417260 21.9%
Porter County 14310711 7.7%
Boone County 987516 16.3%
Morgan County 642 33.3%
Clinton County 110 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: 2,761 applications in 2025, of which 1,952 were originated and 386 denied.

14.0% of all applications, or 16.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Lennar Mortgage originated in Indiana in 2025 was 4.99%, against a statewide median of 6.75%.

About this data. Figures are Lennar Mortgage'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