Nations Lending · Indiana · 2025

Nations Lending in Indiana: approval rate, denial rate and rates (2025)

Nations Lending took 304 mortgage applications in Indiana in 2025, ranking #157 of 1,025 lenders active in the state. It originated 82.9% of them and denied 4.3% (4.6% of the applications it decided), against a statewide denial rate of 16.6%.

304Applicationsin IN
4.6%Decision denial ratestate 20.1%
6.50%Median ratestate 6.75%
$225,000Median loanstate $155,000
$61MVolume57 counties

Nations Lending in Indiana vs the state

4.3%Denial rate-12.29 pts vs state
4.6%Decision denial rate-15.59 pts vs state
82.9%Origination rate+20.64 pts vs state
6.50%Median rate-0.25 pts vs state
0.34Rate spread (pts)-0.02 pts vs state
$77kMedian applicant income
252Loans originated
13Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233872924.9%6.99%#114
20242762157.3%6.75%#152
20253042524.3%6.50%#157

What Nations Lending lends in Indiana

By loan purpose

Home purchase 175 58% · 0.6% denied
Refinance 74 24% · 4.1% denied
Cash-out refinance 55 18% · 16.4% denied

By loan type

Conventional 117 38% · 2.6% denied
FHA 85 28% · 10.6% denied
VA 94 31% · 1.1% denied
USDA / RHS 8 3% · 0.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 4 31%
Credit history 3 23%
Incomplete application 2 15%
Collateral 2 15%
Employment history 1 8%
Other 1 8%

Where in Indiana

Counties with the most Nations Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Allen County 93800 0.0%
Grant County 28240 0.0%
Huntington County 22191 4.5%
Marion County 17140 0.0%
Whitley County 1090 0.0%
Hamilton County 1091 10.0%
DeKalb County 860 0.0%
Lake County 651 16.7%
Noble County 650 0.0%
Hendricks County 531 20.0%

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: 304 applications in 2025, of which 252 were originated and 13 denied.

4.3% of all applications, or 4.6% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

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

About this data. Figures are Nations Lending'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