Polaris Home Funding in Indiana vs the state
7.1%Denial rate-9.49 pts vs state
7.9%Decision denial rate-12.20 pts vs state
72.6%Origination rate+10.39 pts vs state
6.50%Median rate-0.25 pts vs state
0.41Rate spread (pts)+0.05 pts vs state
$77kMedian applicant income
154Loans originated
15Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 132 | 95 | 9.1% | 6.88% | #220 |
| 2024 | 216 | 154 | 15.7% | 6.75% | #186 |
| 2025 | 212 | 154 | 7.1% | 6.50% | #191 |
What Polaris Home Funding lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Polaris Home Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Allen County | 63 | 50 | 6 | 9.5% |
| DeKalb County | 16 | 13 | 1 | 6.3% |
| Wayne County | 10 | 8 | 0 | 0.0% |
| Huntington County | 10 | 8 | 0 | 0.0% |
| Fayette County | 8 | 8 | 0 | 0.0% |
| Adams County | 8 | 8 | 0 | 0.0% |
| Whitley County | 7 | 5 | 0 | 0.0% |
| St. Joseph County | 7 | 4 | 1 | 14.3% |
| Marion County | 5 | 3 | 0 | 0.0% |
| Noble County | 5 | 5 | 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: 212 applications in 2025, of which 154 were originated and 15 denied.
7.1% of all applications, or 7.9% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Polaris Home Funding originated in Indiana in 2025 was 6.50%, against a statewide median of 6.75%.
About this data. Figures are Polaris Home 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