M/i Financial in Indiana vs the state
7.1%Denial rate-9.47 pts vs state
7.3%Decision denial rate-12.80 pts vs state
81.7%Origination rate+19.43 pts vs state
5.38%Median rate-1.38 pts vs state
-0.82Rate spread (pts)-1.18 pts vs state
$118kMedian applicant income
437Loans originated
38Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 507 | 410 | 6.3% | 6.00% | #97 |
| 2024 | 522 | 414 | 8.8% | 5.75% | #105 |
| 2025 | 535 | 437 | 7.1% | 5.38% | #112 |
What M/i Financial lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most M/i Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 169 | 127 | 23 | 13.6% |
| Hamilton County | 142 | 115 | 10 | 7.0% |
| Johnson County | 94 | 82 | 0 | 0.0% |
| Hendricks County | 94 | 82 | 5 | 5.3% |
| Shelby County | 29 | 25 | 0 | 0.0% |
| Hancock County | 7 | 6 | 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: 535 applications in 2025, of which 437 were originated and 38 denied.
7.1% of all applications, or 7.3% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans M/i Financial originated in Indiana in 2025 was 5.38%, against a statewide median of 6.75%.
About this data. Figures are M/i Financial'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