Merchants Bank of Indiana in Georgia vs the state
14.3%Denial rate-4.93 pts vs state
16.7%Decision denial rate-8.40 pts vs state
71.4%Origination rate+17.34 pts vs state
7.06%Median rate+0.43 pts vs state
-0.17Rate spread (pts)-0.44 pts vs state
$194kMedian applicant income
10Loans originated
2Denied
Trend in Georgia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 23 | 18 | 8.7% | 7.47% | #537 |
| 2024 | 19 | 14 | 5.3% | 7.85% | #565 |
| 2025 | 14 | 10 | 14.3% | 7.06% | #621 |
What Merchants Bank of Indiana lends in Georgia
By loan purpose
By loan type
Why it denied Georgia applicants
Where in Georgia
Counties with the most Merchants Bank of Indiana applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cobb County | 2 | 2 | 0 | 0.0% |
| Cherokee County | 2 | 0 | 1 | 50.0% |
| Bibb County | 2 | 2 | 0 | 0.0% |
| Gwinnett County | 2 | 2 | 0 | 0.0% |
| Coweta County | 2 | 1 | 1 | 50.0% |
| Chatham County | 1 | 1 | 0 | 0.0% |
| Forsyth County | 1 | 1 | 0 | 0.0% |
| Putnam County | 1 | 1 | 0 | 0.0% |
| Jackson County | 1 | 0 | 0 | 0.0% |
Other large lenders in Georgia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 29,845 | 18.2% | 6.63% |
| United Shore Financial Services | B | 23,784 | 12.6% | 6.25% |
| Navy Federal Credit Union | D | 12,388 | 26.4% | 7.95% |
| Truist Bank | C | 10,563 | 38.7% | 6.49% |
| Pennymac Loan Services | C | 10,273 | 11.6% | 6.49% |
| Broker Solutions | D | 9,709 | 8.6% | 6.63% |
| Mortgage Research Center | C | 9,443 | 19.8% | 6.25% |
| Freedom Mortgage | B | 9,293 | 9.1% | 6.25% |
| Bank of America | F | 9,168 | 36.5% | 6.24% |
| Ameris Bank | B | 8,065 | 10.1% | 6.50% |
Frequently asked questions
Georgia: 14 applications in 2025, of which 10 were originated and 2 denied.
14.3% of all applications, or 16.7% of the applications it actually decided on. The Georgia statewide average across all lenders was 19.2%.
The median rate on loans Merchants Bank of Indiana originated in Georgia in 2025 was 7.06%, against a statewide median of 6.63%.
About this data. Figures are Merchants Bank of Indiana's own HMDA filing for properties located in Georgia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology