Loan Funder in Indiana vs the state
13.4%Denial rate-3.14 pts vs state
21.8%Decision denial rate+1.68 pts vs state
48.1%Origination rate-14.12 pts vs state
7.61%Median rate+0.86 pts vs state
—Rate spread (pts)
—Median applicant income
258Loans originated
72Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 211 | 118 | 4.3% | 8.84% | #170 |
| 2024 | 571 | 262 | 10.9% | 8.42% | #96 |
| 2025 | 536 | 258 | 13.4% | 7.61% | #111 |
What Loan Funder lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Loan Funder applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 208 | 93 | 26 | 12.5% |
| Lake County | 143 | 87 | 16 | 11.2% |
| Madison County | 24 | 6 | 4 | 16.7% |
| St. Joseph County | 16 | 8 | 3 | 18.8% |
| Howard County | 13 | 1 | 1 | 7.7% |
| Delaware County | 12 | 5 | 1 | 8.3% |
| Vigo County | 9 | 6 | 0 | 0.0% |
| Hamilton County | 9 | 4 | 1 | 11.1% |
| Wayne County | 8 | 5 | 1 | 12.5% |
| Jasper County | 7 | 4 | 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: 536 applications in 2025, of which 258 were originated and 72 denied.
13.4% of all applications, or 21.8% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Loan Funder originated in Indiana in 2025 was 7.61%, against a statewide median of 6.75%.
About this data. Figures are Loan Funder'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