Nqm Funding in Indiana vs the state
20.7%Denial rate+4.12 pts vs state
20.7%Decision denial rate+0.55 pts vs state
65.5%Origination rate+3.27 pts vs state
7.25%Median rate+0.50 pts vs state
0.76Rate spread (pts)+0.39 pts vs state
$175kMedian applicant income
19Loans originated
6Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7 | 3 | 28.6% | 7.25% | #559 |
| 2024 | 16 | 10 | 18.8% | 7.87% | #482 |
| 2025 | 29 | 19 | 20.7% | 7.25% | #417 |
What Nqm Funding lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 12 | 8 | 3 | 25.0% |
| Hendricks County | 3 | 0 | 2 | 66.7% |
| Allen County | 3 | 3 | 0 | 0.0% |
| Lake County | 3 | 2 | 0 | 0.0% |
| Hamilton County | 2 | 2 | 0 | 0.0% |
| Johnson County | 2 | 2 | 0 | 0.0% |
| Hancock County | 1 | 0 | 0 | 0.0% |
| Boone County | 1 | 0 | 1 | 100.0% |
| Monroe County | 1 | 1 | 0 | 0.0% |
| Wayne County | 1 | 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: 29 applications in 2025, of which 19 were originated and 6 denied.
20.7% of all applications, or 20.7% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Nqm Funding originated in Indiana in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Nqm Funding'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