NexBank in Indiana vs the state
19.2%Denial rate+2.58 pts vs state
20.9%Decision denial rate+0.79 pts vs state
72.3%Origination rate+10.09 pts vs state
6.63%Median rate-0.13 pts vs state
0.21Rate spread (pts)-0.15 pts vs state
$99kMedian applicant income
34Loans originated
9Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 21 | 18 | 9.5% | 7.56% | #430 |
| 2024 | 56 | 45 | 8.9% | 6.75% | #326 |
| 2025 | 47 | 34 | 19.2% | 6.63% | #356 |
What NexBank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most NexBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hamilton County | 20 | 15 | 2 | 10.0% |
| Marion County | 9 | 7 | 2 | 22.2% |
| Hancock County | 6 | 4 | 2 | 33.3% |
| LaPorte County | 2 | 1 | 1 | 50.0% |
| Hendricks County | 2 | 2 | 0 | 0.0% |
| Johnson County | 1 | 0 | 1 | 100.0% |
| St. Joseph County | 1 | 1 | 0 | 0.0% |
| Ripley County | 1 | 0 | 0 | 0.0% |
| Wabash County | 1 | 1 | 0 | 0.0% |
| Lake County | 1 | 0 | 1 | 100.0% |
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: 47 applications in 2025, of which 34 were originated and 9 denied.
19.2% of all applications, or 20.9% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans NexBank originated in Indiana in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are NexBank'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