Pennymac Loan Services in Indiana vs the state
10.7%Denial rate-5.86 pts vs state
17.4%Decision denial rate-2.73 pts vs state
48.3%Origination rate-14.00 pts vs state
6.00%Median rate-0.75 pts vs state
0.08Rate spread (pts)-0.29 pts vs state
$80kMedian applicant income
1,486Loans originated
330Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,544 | 743 | 14.6% | 6.50% | #49 |
| 2024 | 2,115 | 972 | 12.9% | 6.12% | #35 |
| 2025 | 3,080 | 1,486 | 10.7% | 6.00% | #22 |
What Pennymac Loan Services lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 436 | 209 | 41 | 9.4% |
| Lake County | 256 | 117 | 26 | 10.2% |
| Hamilton County | 197 | 120 | 11 | 5.6% |
| Allen County | 128 | 62 | 15 | 11.7% |
| Hendricks County | 115 | 59 | 12 | 10.4% |
| Clark County | 112 | 59 | 15 | 13.4% |
| Porter County | 96 | 54 | 10 | 10.4% |
| Johnson County | 90 | 46 | 7 | 7.8% |
| St. Joseph County | 76 | 24 | 7 | 9.2% |
| Hancock County | 74 | 37 | 5 | 6.8% |
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: 3,080 applications in 2025, of which 1,486 were originated and 330 denied.
10.7% of all applications, or 17.4% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Pennymac Loan Services originated in Indiana in 2025 was 6.00%, against a statewide median of 6.75%.
About this data. Figures are Pennymac Loan Services'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