Purdue in Indiana vs the state
13.0%Denial rate-3.53 pts vs state
14.1%Decision denial rate-6.03 pts vs state
78.6%Origination rate+16.36 pts vs state
7.00%Median rate+0.25 pts vs state
0.04Rate spread (pts)-0.32 pts vs state
$107kMedian applicant income
1,121Loans originated
186Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,317 | 964 | 16.2% | 7.50% | #56 |
| 2024 | 1,385 | 1,090 | 14.2% | 7.38% | #57 |
| 2025 | 1,426 | 1,121 | 13.0% | 7.00% | #59 |
What Purdue lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Purdue applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Tippecanoe County | 931 | 751 | 102 | 11.0% |
| Lake County | 60 | 31 | 23 | 38.3% |
| Carroll County | 56 | 47 | 6 | 10.7% |
| LaPorte County | 53 | 35 | 14 | 26.4% |
| White County | 43 | 35 | 4 | 9.3% |
| Marion County | 38 | 33 | 3 | 7.9% |
| Hamilton County | 36 | 26 | 6 | 16.7% |
| Clinton County | 29 | 19 | 8 | 27.6% |
| Benton County | 23 | 19 | 3 | 13.0% |
| Boone County | 18 | 12 | 4 | 22.2% |
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: 1,426 applications in 2025, of which 1,121 were originated and 186 denied.
13.0% of all applications, or 14.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Purdue originated in Indiana in 2025 was 7.00%, against a statewide median of 6.75%.
About this data. Figures are Purdue'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