Michigan Mutual in Indiana vs the state
14.7%Denial rate-1.86 pts vs state
16.1%Decision denial rate-4.01 pts vs state
55.9%Origination rate-6.37 pts vs state
6.69%Median rate-0.06 pts vs state
0.63Rate spread (pts)+0.26 pts vs state
$64kMedian applicant income
38Loans originated
10Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 166 | 117 | 10.2% | 7.13% | #197 |
| 2024 | 246 | 174 | 10.2% | 6.75% | #168 |
| 2025 | 68 | 38 | 14.7% | 6.69% | #316 |
What Michigan Mutual lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Michigan Mutual applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lake County | 11 | 4 | 2 | 18.2% |
| Marion County | 9 | 6 | 1 | 11.1% |
| Hendricks County | 8 | 2 | 0 | 0.0% |
| Allen County | 5 | 4 | 0 | 0.0% |
| LaPorte County | 5 | 4 | 0 | 0.0% |
| Porter County | 3 | 2 | 0 | 0.0% |
| Putnam County | 3 | 3 | 0 | 0.0% |
| Clark County | 3 | 1 | 0 | 0.0% |
| Bartholomew County | 2 | 1 | 1 | 50.0% |
| Hamilton County | 2 | 1 | 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: 68 applications in 2025, of which 38 were originated and 10 denied.
14.7% of all applications, or 16.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Michigan Mutual originated in Indiana in 2025 was 6.69%, against a statewide median of 6.75%.
About this data. Figures are Michigan Mutual'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