New Day Financial in Indiana vs the state
23.6%Denial rate+7.02 pts vs state
51.2%Decision denial rate+31.02 pts vs state
20.7%Origination rate-41.58 pts vs state
6.99%Median rate+0.24 pts vs state
0.84Rate spread (pts)+0.48 pts vs state
$68kMedian applicant income
290Loans originated
331Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,009 | 183 | 26.2% | 7.63% | #65 |
| 2024 | 1,425 | 289 | 23.2% | 7.75% | #55 |
| 2025 | 1,403 | 290 | 23.6% | 6.99% | #60 |
What New Day Financial lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most New Day Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 221 | 42 | 55 | 24.9% |
| Lake County | 107 | 19 | 25 | 23.4% |
| Allen County | 69 | 10 | 15 | 21.7% |
| Madison County | 49 | 14 | 8 | 16.3% |
| St. Joseph County | 45 | 12 | 9 | 20.0% |
| Hendricks County | 41 | 11 | 8 | 19.5% |
| Johnson County | 39 | 9 | 12 | 30.8% |
| Delaware County | 38 | 10 | 7 | 18.4% |
| Vigo County | 37 | 8 | 7 | 18.9% |
| Clark County | 33 | 6 | 8 | 24.2% |
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: 1,403 applications in 2025, of which 290 were originated and 331 denied.
23.6% of all applications, or 51.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans New Day Financial originated in Indiana in 2025 was 6.99%, against a statewide median of 6.75%.
About this data. Figures are New Day Financial'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