Merchants Bank of Indiana in Texas vs the state
16.1%Denial rate-3.30 pts vs state
27.8%Decision denial rate+2.88 pts vs state
41.9%Origination rate-12.94 pts vs state
6.88%Median rate+0.38 pts vs state
0.18Rate spread (pts)-0.01 pts vs state
$160kMedian applicant income
13Loans originated
5Denied
Trend in Texas
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 14 | 11 | 14.3% | 7.77% | #948 |
| 2024 | 37 | 28 | 5.4% | 6.75% | #746 |
| 2025 | 31 | 13 | 16.1% | 6.88% | #795 |
What Merchants Bank of Indiana lends in Texas
By loan purpose
By loan type
Why it denied Texas applicants
Where in Texas
Counties with the most Merchants Bank of Indiana applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hardin County | 3 | 1 | 0 | 0.0% |
| Bexar County | 3 | 2 | 1 | 33.3% |
| Orange County | 2 | 0 | 0 | 0.0% |
| Polk County | 2 | 0 | 0 | 0.0% |
| El Paso County | 2 | 2 | 0 | 0.0% |
| Midland County | 2 | 2 | 0 | 0.0% |
| Travis County | 2 | 0 | 0 | 0.0% |
| Hays County | 2 | 0 | 0 | 0.0% |
| Denton County | 1 | 0 | 0 | 0.0% |
| Aransas County | 1 | 1 | 0 | 0.0% |
Other large lenders in Texas
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 56,491 | 11.0% | 6.25% |
| Rocket Mortgage | C | 45,658 | 22.4% | 6.63% |
| 21st Mortgage | F | 37,961 | 45.9% | 9.94% |
| Dhi Mortgage Company | B | 26,348 | 13.5% | 4.50% |
| Lennar Mortgage | A | 21,959 | 20.5% | 4.50% |
| Bank of America | F | 18,008 | 43.0% | 6.24% |
| JPMorgan Chase Bank | B | 16,260 | 9.8% | 6.45% |
| CMG Mortgage | A | 15,978 | 3.9% | 6.50% |
| Vanderbilt Mortgage and Finance | F | 15,683 | 44.7% | 10.50% |
| Triad Financial Services | D | 15,158 | 50.0% | 9.35% |
Frequently asked questions
Texas: 31 applications in 2025, of which 13 were originated and 5 denied.
16.1% of all applications, or 27.8% of the applications it actually decided on. The Texas statewide average across all lenders was 19.4%.
The median rate on loans Merchants Bank of Indiana originated in Texas in 2025 was 6.88%, against a statewide median of 6.50%.
About this data. Figures are Merchants Bank of Indiana's own HMDA filing for properties located in Texas, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology