The Loan Store · Indiana · 2025

The Loan Store in Indiana: approval rate, denial rate and rates (2025)

The Loan Store took 541 mortgage applications in Indiana in 2025, ranking #110 of 1,025 lenders active in the state. It originated 71.5% of them and denied 8.3% (9.2% of the applications it decided), against a statewide denial rate of 16.6%.

541Applicationsin IN
9.2%Decision denial ratestate 20.1%
6.75%Median ratestate 6.75%
$215,000Median loanstate $155,000
$93MVolume57 counties

The Loan Store in Indiana vs the state

8.3%Denial rate-8.25 pts vs state
9.2%Decision denial rate-10.92 pts vs state
71.5%Origination rate+9.28 pts vs state
6.75%Median rate0.00 pts vs state
0.38Rate spread (pts)+0.01 pts vs state
$112kMedian applicant income
387Loans originated
45Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023502812.0%7.19%#322
20243882618.8%6.88%#132
20255413878.3%6.75%#110

What The Loan Store lends in Indiana

By loan purpose

Home purchase 360 67% · 4.2% denied
Refinance 43 8% · 7.0% denied
Cash-out refinance 69 13% · 10.1% denied
Home improvement 24 4% · 33.3% denied
Other / HELOC 45 8% · 26.7% denied

By loan type

Conventional 475 88% · 8.4% denied
FHA 50 9% · 10.0% denied
VA 7 1% · 0.0% denied
USDA / RHS 9 2% · 0.0% denied

Why it denied Indiana applicants

Debt-to-income ratio 18 40%
Collateral 9 20%
Other 8 18%
Incomplete application 5 11%
Insufficient cash 3 7%
Credit history 2 4%

Where in Indiana

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 103688 7.8%
Clark County 68482 2.9%
Hamilton County 54443 5.6%
Floyd County 36301 2.8%
Lake County 27184 14.8%
Hendricks County 25174 16.0%
Vanderburgh County 21190 0.0%
Morgan County 17103 17.6%
Johnson County 16102 12.5%
Monroe County 1162 18.2%

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: 541 applications in 2025, of which 387 were originated and 45 denied.

8.3% of all applications, or 9.2% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans The Loan Store originated in Indiana in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are The Loan Store'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