Peoples Bank · Indiana · 2025

Peoples Bank in Indiana: approval rate, denial rate and rates (2025)

Peoples Bank took 434 mortgage applications in Indiana in 2025, ranking #130 of 1,025 lenders active in the state. It originated 76.3% of them and denied 15.2% (16.6% of the applications it decided), against a statewide denial rate of 16.6%.

434Applicationsin IN
16.6%Decision denial ratestate 20.1%
6.99%Median ratestate 6.75%
$145,000Median loanstate $155,000
$72MVolume10 counties

Peoples Bank in Indiana vs the state

15.2%Denial rate-1.36 pts vs state
16.6%Decision denial rate-3.56 pts vs state
76.3%Origination rate+14.02 pts vs state
6.99%Median rate+0.24 pts vs state
0.27Rate spread (pts)-0.10 pts vs state
$110kMedian applicant income
331Loans originated
66Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324417710.3%6.88%#157
202441231513.6%7.50%#125
202543433115.2%6.99%#130

What Peoples Bank lends in Indiana

By loan purpose

Home purchase 149 34% · 2.0% denied
Refinance 85 20% · 9.4% denied
Cash-out refinance 19 4% · 26.3% denied
Home improvement 59 14% · 22.0% denied
Other / HELOC 122 28% · 30.3% denied

By loan type

Conventional 428 99% · 15.2% denied
FHA 6 1% · 16.7% denied

Why it denied Indiana applicants

Debt-to-income ratio 33 50%
Credit history 27 41%
Incomplete application 3 5%
Collateral 2 3%
Other 1 2%

Where in Indiana

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lake County 38429558 15.1%
Porter County 31234 12.9%
Jasper County 742 28.6%
LaPorte County 541 20.0%
Hamilton County 220 0.0%
Newton County 101 100.0%
Marshall County 110 0.0%
Starke County 110 0.0%
St. Joseph County 110 0.0%
Elkhart County 100 0.0%

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: 434 applications in 2025, of which 331 were originated and 66 denied.

15.2% of all applications, or 16.6% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Peoples Bank originated in Indiana in 2025 was 6.99%, against a statewide median of 6.75%.

About this data. Figures are Peoples Bank'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