USAA Federal Savings Bank · Indiana · 2025

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

USAA Federal Savings Bank took 550 mortgage applications in Indiana in 2025, ranking #108 of 1,025 lenders active in the state. It originated 54.0% of them and denied 22.4% (29.1% of the applications it decided), against a statewide denial rate of 16.6%.

550Applicationsin IN
29.1%Decision denial ratestate 20.1%
6.38%Median ratestate 6.75%
$265,000Median loanstate $155,000
$84MVolume76 counties

USAA Federal Savings Bank in Indiana vs the state

22.4%Denial rate+5.79 pts vs state
29.1%Decision denial rate+8.94 pts vs state
54.0%Origination rate-8.25 pts vs state
6.38%Median rate-0.38 pts vs state
-0.16Rate spread (pts)-0.53 pts vs state
$120kMedian applicant income
297Loans originated
123Denied

Trend in Indiana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202348525817.9%6.50%#100
202453330620.1%6.50%#103
202555029722.4%6.38%#108

What USAA Federal Savings Bank lends in Indiana

By loan purpose

Home purchase 456 83% · 20.2% denied
Refinance 25 5% · 36.0% denied
Cash-out refinance 54 10% · 33.3% denied
Home improvement 13 2% · 23.1% denied
Other / HELOC 2 0% · 50.0% denied

By loan type

Conventional 237 43% · 22.8% denied
VA 313 57% · 22.0% denied

Why it denied Indiana applicants

Incomplete application 47 38%
Debt-to-income ratio 33 27%
Credit history 10 8%
Collateral 10 8%
Insufficient cash 9 7%
Other 7 6%
Unverifiable information 7 6%

Where in Indiana

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

CountyApplicationsOriginatedDeniedDenial rate
Marion County 582913 22.4%
Hamilton County 40259 22.5%
Allen County 33227 21.2%
Johnson County 2387 30.4%
St. Joseph County 22115 22.7%
Monroe County 21105 23.8%
Lake County 19126 31.6%
Hendricks County 1895 27.8%
Porter County 18112 11.1%
Bartholomew County 1784 23.5%

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: 550 applications in 2025, of which 297 were originated and 123 denied.

22.4% of all applications, or 29.1% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.

The median rate on loans USAA Federal Savings Bank originated in Indiana in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are USAA 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