Union Savings Bank · Indiana · 2025

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

Union Savings Bank took 1,831 mortgage applications in Indiana in 2025, ranking #45 of 1,025 lenders active in the state. It originated 84.4% of them and denied 3.2% (3.5% of the applications it decided), against a statewide denial rate of 16.6%.

1.8kApplicationsin IN
3.5%Decision denial ratestate 20.1%
6.63%Median ratestate 6.75%
$225,000Median loanstate $155,000
$403MVolume62 counties

Union Savings Bank in Indiana vs the state

3.2%Denial rate-13.40 pts vs state
3.5%Decision denial rate-16.60 pts vs state
84.4%Origination rate+22.18 pts vs state
6.63%Median rate-0.13 pts vs state
0.17Rate spread (pts)-0.20 pts vs state
$124kMedian applicant income
1,546Loans originated
58Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,6341,2876.6%6.50%#45
20241,4891,1904.5%6.88%#52
20251,8311,5463.2%6.63%#45

What Union Savings Bank lends in Indiana

By loan purpose

Home purchase 856 47% · 2.7% denied
Refinance 412 23% · 2.9% denied
Cash-out refinance 153 8% · 7.2% denied
Home improvement 293 16% · 2.4% denied
Other / HELOC 117 6% · 4.3% denied

By loan type

Conventional 1,734 95% · 2.7% denied
FHA 72 4% · 13.9% denied
VA 20 1% · 5.0% denied
USDA / RHS 5 0% · 20.0% denied

Why it denied Indiana applicants

Collateral 19 33%
Debt-to-income ratio 18 31%
Credit history 15 26%
Other 5 9%
Incomplete application 1 2%

Where in Indiana

Counties with the most Union Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Marion County 41433913 3.1%
Allen County 34029016 4.7%
Hamilton County 3202774 1.3%
Johnson County 1501243 2.0%
Hendricks County 98863 3.1%
Hancock County 66571 1.5%
Boone County 63530 0.0%
Bartholomew County 58521 1.7%
Morgan County 36341 2.8%
Monroe County 26210 0.0%

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: 1,831 applications in 2025, of which 1,546 were originated and 58 denied.

3.2% of all applications, or 3.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

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

About this data. Figures are Union 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