Servion · Indiana · 2025

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

Servion took 78 mortgage applications in Indiana in 2025, ranking #302 of 1,025 lenders active in the state. It originated 69.2% of them and denied 9.0% (11.5% of the applications it decided), against a statewide denial rate of 16.6%.

78Applicationsin IN
11.5%Decision denial ratestate 20.1%
6.63%Median ratestate 6.75%
$180,000Median loanstate $155,000
$11MVolume30 counties

Servion in Indiana vs the state

9.0%Denial rate-7.60 pts vs state
11.5%Decision denial rate-8.66 pts vs state
69.2%Origination rate+6.98 pts vs state
6.63%Median rate-0.13 pts vs state
0.54Rate spread (pts)+0.18 pts vs state
$72kMedian applicant income
54Loans originated
7Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202365489.2%6.25%#296
2024693810.1%6.63%#299
202578549.0%6.63%#302

What Servion lends in Indiana

By loan purpose

Home purchase 67 86% · 4.5% denied
Refinance 5 6% · 40.0% denied
Cash-out refinance 6 8% · 33.3% denied

By loan type

Conventional 26 33% · 15.4% denied
FHA 35 45% · 8.6% denied
VA 16 21% · 0.0% denied
USDA / RHS 1 1% · 0.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 3 43%
Collateral 2 29%
Credit history 1 14%
Insufficient cash 1 14%

Where in Indiana

Counties with the most Servion applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Vanderburgh County 17131 5.9%
Madison County 733 42.9%
Floyd County 540 0.0%
LaPorte County 430 0.0%
Delaware County 330 0.0%
Clark County 330 0.0%
Marion County 310 0.0%
Tippecanoe County 320 0.0%
Allen County 330 0.0%
Harrison County 301 33.3%

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: 78 applications in 2025, of which 54 were originated and 7 denied.

9.0% of all applications, or 11.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans Servion originated in Indiana in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Servion'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