Sofi Bank in Indiana vs the state
7.0%Denial rate-9.57 pts vs state
17.3%Decision denial rate-2.85 pts vs state
32.8%Origination rate-29.45 pts vs state
7.54%Median rate+0.79 pts vs state
1.47Rate spread (pts)+1.10 pts vs state
$112kMedian applicant income
389Loans originated
83Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 179 | 67 | 15.1% | 6.88% | #188 |
| 2024 | 345 | 145 | 15.7% | 6.99% | #135 |
| 2025 | 1,186 | 389 | 7.0% | 7.54% | #65 |
What Sofi Bank lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 155 | 50 | 12 | 7.7% |
| Hamilton County | 133 | 57 | 8 | 6.0% |
| Lake County | 108 | 39 | 5 | 4.6% |
| Allen County | 54 | 15 | 6 | 11.1% |
| St. Joseph County | 50 | 24 | 2 | 4.0% |
| Hendricks County | 43 | 17 | 3 | 7.0% |
| Porter County | 38 | 14 | 2 | 5.3% |
| Johnson County | 34 | 9 | 2 | 5.9% |
| Boone County | 30 | 10 | 0 | 0.0% |
| Monroe County | 30 | 11 | 5 | 16.7% |
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: 1,186 applications in 2025, of which 389 were originated and 83 denied.
7.0% of all applications, or 17.3% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Sofi Bank originated in Indiana in 2025 was 7.54%, against a statewide median of 6.75%.
About this data. Figures are Sofi Bank'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