Lower in Indiana vs the state
9.2%Denial rate-7.36 pts vs state
13.3%Decision denial rate-6.87 pts vs state
59.8%Origination rate-2.48 pts vs state
6.63%Median rate-0.13 pts vs state
0.46Rate spread (pts)+0.10 pts vs state
$85kMedian applicant income
474Loans originated
73Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 182 | 123 | 10.4% | 6.75% | #186 |
| 2024 | 546 | 353 | 9.0% | 6.75% | #101 |
| 2025 | 793 | 474 | 9.2% | 6.63% | #81 |
What Lower lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 132 | 73 | 14 | 10.6% |
| Allen County | 86 | 69 | 6 | 7.0% |
| Hamilton County | 44 | 26 | 3 | 6.8% |
| Hendricks County | 42 | 29 | 2 | 4.8% |
| Lake County | 42 | 18 | 7 | 16.7% |
| Madison County | 37 | 23 | 4 | 10.8% |
| Clark County | 33 | 30 | 0 | 0.0% |
| Johnson County | 27 | 18 | 2 | 7.4% |
| Porter County | 24 | 12 | 2 | 8.3% |
| Boone County | 19 | 13 | 1 | 5.3% |
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: 793 applications in 2025, of which 474 were originated and 73 denied.
9.2% of all applications, or 13.3% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Lower originated in Indiana in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Lower'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