Southwest Stage Funding in Indiana vs the state
15.3%Denial rate-1.32 pts vs state
30.0%Decision denial rate+9.86 pts vs state
23.7%Origination rate-38.52 pts vs state
8.68%Median rate+1.93 pts vs state
2.57Rate spread (pts)+2.21 pts vs state
$70kMedian applicant income
14Loans originated
9Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 31 | 14 | 38.7% | 8.23% | #377 |
| 2024 | 32 | 12 | 18.8% | 7.80% | #388 |
| 2025 | 59 | 14 | 15.3% | 8.68% | #335 |
What Southwest Stage Funding lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Southwest Stage Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Clark County | 8 | 1 | 2 | 25.0% |
| Washington County | 6 | 2 | 0 | 0.0% |
| Harrison County | 5 | 1 | 2 | 40.0% |
| Gibson County | 4 | 0 | 0 | 0.0% |
| Pike County | 4 | 0 | 0 | 0.0% |
| Jennings County | 2 | 0 | 0 | 0.0% |
| Lawrence County | 2 | 0 | 1 | 50.0% |
| Dubois County | 2 | 1 | 0 | 0.0% |
| Tippecanoe County | 2 | 2 | 0 | 0.0% |
| Jackson County | 2 | 1 | 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: 59 applications in 2025, of which 14 were originated and 9 denied.
15.3% of all applications, or 30.0% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Southwest Stage Funding originated in Indiana in 2025 was 8.68%, against a statewide median of 6.75%.
About this data. Figures are Southwest Stage 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