The Federal Savings Bank · Indiana · 2025

The Federal Savings Bank in Indiana: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 474 mortgage applications in Indiana in 2025, ranking #119 of 1,025 lenders active in the state. It originated 36.3% of them and denied 12.7% (25.1% of the applications it decided), against a statewide denial rate of 16.6%.

474Applicationsin IN
25.1%Decision denial ratestate 20.1%
6.63%Median ratestate 6.75%
$255,000Median loanstate $155,000
$54MVolume77 counties

The Federal Savings Bank in Indiana vs the state

12.7%Denial rate-3.91 pts vs state
25.1%Decision denial rate+4.96 pts vs state
36.3%Origination rate-25.96 pts vs state
6.63%Median rate-0.13 pts vs state
0.44Rate spread (pts)+0.07 pts vs state
$80kMedian applicant income
172Loans originated
60Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202394548711.4%6.75%#70
20248444418.5%6.63%#73
202547417212.7%6.63%#119

What The Federal Savings Bank lends in Indiana

By loan purpose

Home purchase 80 17% · 10.0% denied
Refinance 45 9% · 13.3% denied
Cash-out refinance 333 70% · 13.5% denied
Home improvement 8 2% · 12.5% denied
Other / HELOC 8 2% · 0.0% denied

By loan type

Conventional 77 16% · 16.9% denied
FHA 65 14% · 15.4% denied
VA 332 70% · 11.1% denied

Why it denied Indiana applicants

Incomplete application 22 37%
Collateral 14 23%
Credit history 9 15%
Debt-to-income ratio 8 13%
Other 6 10%
Employment history 1 2%

Where in Indiana

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 681811 16.2%
Lake County 54226 11.1%
St. Joseph County 2164 19.0%
Hancock County 1861 5.6%
Hamilton County 1782 11.8%
Allen County 1751 5.9%
Johnson County 1672 12.5%
Porter County 1691 6.3%
Clark County 1442 14.3%
Hendricks County 1341 7.7%

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: 474 applications in 2025, of which 172 were originated and 60 denied.

12.7% of all applications, or 25.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

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

About this data. Figures are The Federal Savings 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