Waterstone Mortgage in Indiana vs the state
8.1%Denial rate-8.46 pts vs state
12.5%Decision denial rate-7.64 pts vs state
56.8%Origination rate-5.49 pts vs state
6.75%Median rate0.00 pts vs state
0.45Rate spread (pts)+0.09 pts vs state
$82kMedian applicant income
21Loans originated
3Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 24 | 18 | 0.0% | 6.63% | #414 |
| 2024 | 38 | 29 | 10.5% | 6.99% | #369 |
| 2025 | 37 | 21 | 8.1% | 6.75% | #385 |
What Waterstone Mortgage lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Where in Indiana
Counties with the most Waterstone Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Marion County | 7 | 6 | 1 | 14.3% |
| Hamilton County | 4 | 3 | 0 | 0.0% |
| Marshall County | 3 | 1 | 0 | 0.0% |
| Kosciusko County | 3 | 1 | 1 | 33.3% |
| Wabash County | 2 | 1 | 1 | 50.0% |
| Howard County | 2 | 1 | 0 | 0.0% |
| St. Joseph County | 2 | 1 | 0 | 0.0% |
| Boone County | 2 | 0 | 0 | 0.0% |
| Vigo County | 2 | 0 | 0 | 0.0% |
| Morgan 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: 37 applications in 2025, of which 21 were originated and 3 denied.
8.1% of all applications, or 12.5% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans Waterstone Mortgage originated in Indiana in 2025 was 6.75%, against a statewide median of 6.75%.
About this data. Figures are Waterstone Mortgage'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