PHH Mortgage · Indiana · 2025

PHH Mortgage in Indiana: approval rate, denial rate and rates (2025)

PHH Mortgage took 465 mortgage applications in Indiana in 2025, ranking #122 of 1,025 lenders active in the state. It originated 43.4% of them and denied 10.5% (19.1% of the applications it decided), against a statewide denial rate of 16.6%.

465Applicationsin IN
19.1%Decision denial ratestate 20.1%
6.50%Median ratestate 6.75%
$175,000Median loanstate $155,000
$42MVolume73 counties

PHH Mortgage in Indiana vs the state

10.5%Denial rate-6.03 pts vs state
19.1%Decision denial rate-1.07 pts vs state
43.4%Origination rate-18.81 pts vs state
6.50%Median rate-0.25 pts vs state
0.47Rate spread (pts)+0.10 pts vs state
$71kMedian applicant income
202Loans originated
49Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232148124.3%6.88%#169
202430811018.5%6.63%#143
202546520210.5%6.50%#122

What PHH Mortgage lends in Indiana

By loan purpose

Home purchase 24 5% · 16.7% denied
Refinance 195 42% · 11.3% denied
Cash-out refinance 222 48% · 8.1% denied
Home improvement 24 5% · 20.8% denied

By loan type

Conventional 264 57% · 6.8% denied
FHA 157 34% · 18.5% denied
VA 44 9% · 4.6% denied

Why it denied Indiana applicants

Collateral 15 31%
Other 11 22%
Insufficient cash 9 18%
Debt-to-income ratio 6 12%
Credit history 6 12%
Unverifiable information 2 4%

Where in Indiana

Counties with the most PHH Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 75318 10.7%
Lake County 50243 6.0%
Allen County 29210 0.0%
Johnson County 2692 7.7%
Hamilton County 21102 9.5%
Porter County 1754 23.5%
St. Joseph County 1454 28.6%
Elkhart County 1472 14.3%
Hendricks County 1351 7.7%
Madison County 1262 16.7%

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: 465 applications in 2025, of which 202 were originated and 49 denied.

10.5% of all applications, or 19.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans PHH Mortgage originated in Indiana in 2025 was 6.50%, against a statewide median of 6.75%.

About this data. Figures are PHH Mortgage'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