T2 Financial in Indiana vs the state
5.9%Denial rate-10.69 pts vs state
6.5%Decision denial rate-13.69 pts vs state
81.6%Origination rate+19.37 pts vs state
6.75%Median rate0.00 pts vs state
0.66Rate spread (pts)+0.29 pts vs state
$89kMedian applicant income
111Loans originated
8Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 32 | 23 | 6.3% | 6.63% | #374 |
| 2024 | 40 | 29 | 10.0% | 6.75% | #363 |
| 2025 | 136 | 111 | 5.9% | 6.75% | #240 |
What T2 Financial lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lake County | 62 | 53 | 3 | 4.8% |
| Porter County | 19 | 15 | 1 | 5.3% |
| Marion County | 6 | 4 | 1 | 16.7% |
| LaPorte County | 6 | 4 | 0 | 0.0% |
| Clark County | 5 | 2 | 1 | 20.0% |
| Vanderburgh County | 4 | 4 | 0 | 0.0% |
| Franklin County | 3 | 3 | 0 | 0.0% |
| Tippecanoe County | 3 | 2 | 1 | 33.3% |
| Kosciusko County | 2 | 1 | 1 | 50.0% |
| Hendricks County | 2 | 2 | 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: 136 applications in 2025, of which 111 were originated and 8 denied.
5.9% of all applications, or 6.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans T2 Financial originated in Indiana in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are T2 Financial'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