Member First Mortgage in Indiana vs the state
21.9%Denial rate+5.31 pts vs state
37.0%Decision denial rate+16.90 pts vs state
34.1%Origination rate-28.19 pts vs state
6.75%Median rate0.00 pts vs state
0.47Rate spread (pts)+0.10 pts vs state
$77kMedian applicant income
109Loans originated
70Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 303 | 118 | 21.1% | 6.75% | #140 |
| 2024 | 285 | 111 | 17.2% | 6.88% | #148 |
| 2025 | 320 | 109 | 21.9% | 6.75% | #154 |
What Member First Mortgage lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Member First Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| St. Joseph County | 45 | 8 | 15 | 33.3% |
| Lake County | 31 | 13 | 7 | 22.6% |
| Delaware County | 28 | 14 | 1 | 3.6% |
| Vanderburgh County | 24 | 10 | 3 | 12.5% |
| Porter County | 18 | 8 | 1 | 5.6% |
| Grant County | 16 | 4 | 5 | 31.3% |
| Howard County | 15 | 6 | 4 | 26.7% |
| Marion County | 13 | 2 | 2 | 15.4% |
| Elkhart County | 9 | 4 | 2 | 22.2% |
| Kosciusko County | 9 | 2 | 3 | 33.3% |
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: 320 applications in 2025, of which 109 were originated and 70 denied.
21.9% of all applications, or 37.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Member First Mortgage originated in Indiana in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Member First 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