Mortgage Masters of Indiana · Indiana · 2025

Mortgage Masters of Indiana in Indiana: approval rate, denial rate and rates (2025)

Mortgage Masters of Indiana took 961 mortgage applications in Indiana in 2025, ranking #72 of 1,025 lenders active in the state. It originated 91.2% of them and denied 2.8% (2.9% of the applications it decided), against a statewide denial rate of 16.6%.

961Applicationsin IN
2.9%Decision denial ratestate 20.1%
6.50%Median ratestate 6.75%
$195,000Median loanstate $155,000
$195MVolume26 counties

Mortgage Masters of Indiana in Indiana vs the state

2.8%Denial rate-13.76 pts vs state
2.9%Decision denial rate-17.20 pts vs state
91.2%Origination rate+28.91 pts vs state
6.50%Median rate-0.25 pts vs state
0.24Rate spread (pts)-0.13 pts vs state
$77kMedian applicant income
876Loans originated
27Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20238998192.6%6.63%#73
20249368233.7%6.63%#70
20259618762.8%6.50%#72

What Mortgage Masters of Indiana lends in Indiana

By loan purpose

Home purchase 875 91% · 2.7% denied
Refinance 63 7% · 4.8% denied
Cash-out refinance 23 2% · 0.0% denied

By loan type

Conventional 472 49% · 0.9% denied
FHA 319 33% · 5.0% denied
VA 78 8% · 2.6% denied
USDA / RHS 92 10% · 5.4% denied

Why it denied Indiana applicants

Credit history 7 26%
Mortgage insurance denied 7 26%
Unverifiable information 4 15%
Collateral 3 11%
Incomplete application 3 11%
Insufficient cash 2 7%
Debt-to-income ratio 1 4%

Where in Indiana

Counties with the most Mortgage Masters of Indiana applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Vanderburgh County 48945011 2.2%
Warrick County 2051874 2.0%
Posey County 59532 3.4%
Perry County 54454 7.4%
Gibson County 53501 1.9%
Spencer County 32291 3.1%
Pike County 15112 13.3%
Dubois County 14140 0.0%
Knox County 1191 9.1%
Monroe County 660 0.0%

Other large lenders in Indiana

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 13,50318.6%6.75%
Ruoff Mortgage CompanyA 8,8604.0%6.75%
Fifth Third BankD 8,69327.6%7.75%
United Shore Financial ServicesB 8,65912.2%6.38%
Freedom MortgageB 5,4548.9%6.25%
NewrezD 5,42118.2%6.63%
First Merchants BankC 5,11419.9%6.76%
Fairway Independent MortgageB 4,8137.4%6.75%
Mortgage Research CenterC 4,79119.0%6.25%
PNC BankD 4,72425.1%7.55%

Frequently asked questions

Indiana: 961 applications in 2025, of which 876 were originated and 27 denied.

2.8% of all applications, or 2.9% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Mortgage Masters of Indiana originated in Indiana in 2025 was 6.50%, against a statewide median of 6.75%.

About this data. Figures are Mortgage Masters of Indiana'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