The Garrett State Bank in Indiana vs the state
11.9%Denial rate-4.67 pts vs state
12.5%Decision denial rate-7.64 pts vs state
80.5%Origination rate+18.23 pts vs state
—Median rate
—Rate spread (pts)
$88kMedian applicant income
169Loans originated
25Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 218 | 197 | 5.5% | — | #168 |
| 2024 | 178 | 155 | 5.6% | — | #204 |
| 2025 | 210 | 169 | 11.9% | — | #195 |
What The Garrett State Bank lends in Indiana
By loan purpose
By loan type
Where in Indiana
Counties with the most The Garrett State Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Allen County | 98 | 86 | 6 | 6.1% |
| DeKalb County | 58 | 44 | 8 | 13.8% |
| Noble County | 20 | 17 | 2 | 10.0% |
| Steuben County | 12 | 6 | 3 | 25.0% |
| Whitley County | 6 | 3 | 3 | 50.0% |
| Huntington County | 6 | 5 | 1 | 16.7% |
| LaGrange County | 3 | 2 | 1 | 33.3% |
| Wells County | 2 | 1 | 1 | 50.0% |
| Switzerland County | 1 | 1 | 0 | 0.0% |
| Elkhart County | 1 | 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: 210 applications in 2025, of which 169 were originated and 25 denied.
11.9% of all applications, or 12.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are The Garrett State 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