Service Federal Credit Union · Indiana · 2025

Service Federal Credit Union in Indiana: approval rate, denial rate and rates (2025)

Service Federal Credit Union took 8 mortgage applications in Indiana in 2025, ranking #574 of 1,025 lenders active in the state. It originated 50.0% of them and denied 50.0% (50.0% of the applications it decided), against a statewide denial rate of 16.6%.

8Applicationsin IN
50.0%Decision denial ratestate 20.1%
5.44%Median ratestate 6.75%
$275,000Median loanstate $155,000
$1.2MVolume7 counties

Service Federal Credit Union in Indiana vs the state

50.0%Denial rate+33.43 pts vs state
50.0%Decision denial rate+29.86 pts vs state
50.0%Origination rate-12.25 pts vs state
5.44%Median rate-1.31 pts vs state
-0.58Rate spread (pts)-0.95 pts vs state
$154kMedian applicant income
4Loans originated
4Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20238437.5%3.99%#541
20248425.0%6.50%#550
20258450.0%5.44%#574

What Service Federal Credit Union lends in Indiana

By loan purpose

Home purchase 3 38% · 33.3% denied
Cash-out refinance 3 38% · 66.7% denied
Home improvement 2 25% · 50.0% denied

By loan type

Conventional 7 88% · 42.9% denied
VA 1 13% · 100.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 2 50%
Other 1 25%
Credit history 1 25%

Where in Indiana

Counties with the most Service Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 202 100.0%
Bartholomew County 101 100.0%
Porter County 110 0.0%
Dearborn County 110 0.0%
Boone County 101 100.0%
Owen County 110 0.0%
Hancock County 110 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: 8 applications in 2025, of which 4 were originated and 4 denied.

50.0% of all applications, or 50.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Service Federal Credit Union originated in Indiana in 2025 was 5.44%, against a statewide median of 6.75%.

About this data. Figures are Service Federal Credit Union'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