Largest mortgage lenders in Indiana
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 13,503 | 9,736 | 18.6% | 6.75% |
| 2 | Ruoff Mortgage Company | A | 8,860 | 6,870 | 4.0% | 6.75% |
| 3 | Fifth Third Bank | D | 8,693 | 4,817 | 27.6% | 7.75% |
| 4 | United Shore Financial Services | B | 8,659 | 6,308 | 12.2% | 6.38% |
| 5 | Freedom Mortgage | B | 5,454 | 2,580 | 8.9% | 6.25% |
| 6 | Newrez | D | 5,421 | 2,080 | 18.2% | 6.63% |
| 7 | First Merchants Bank | C | 5,114 | 3,248 | 19.9% | 6.76% |
| 8 | Fairway Independent Mortgage | B | 4,813 | 3,665 | 7.4% | 6.75% |
| 9 | Mortgage Research Center | C | 4,791 | 2,331 | 19.0% | 6.25% |
| 10 | PNC Bank | D | 4,724 | 2,802 | 25.1% | 7.55% |
| 11 | The Huntington National Bank | D | 4,584 | 2,547 | 30.2% | 7.84% |
| 12 | JPMorgan Chase Bank | B | 4,366 | 2,857 | 9.8% | 6.50% |
| 13 | First Financial Bank | D | 4,270 | 2,821 | 24.3% | 5.99% |
| 14 | Old National Bank | B | 4,179 | 2,746 | 21.0% | 6.24% |
| 15 | Gvc Mortgage | B | 4,042 | 3,231 | 2.4% | 6.75% |
| 16 | Indiana Members Credit Union | B | 3,464 | 2,387 | 12.2% | 6.25% |
| 17 | Crosscountry Mortgage | B | 3,461 | 2,201 | 4.2% | 6.63% |
| 18 | Everwise Credit Union | C | 3,448 | 2,255 | 18.2% | 7.50% |
| 19 | Three Rivers Federal Credit Union | C | 3,305 | 2,448 | 14.6% | 7.00% |
| 20 | Broker Solutions | D | 3,246 | 1,163 | 10.4% | 6.99% |
| 21 | Loandepot.Com | D | 3,137 | 1,693 | 26.2% | 6.99% |
| 22 | Pennymac Loan Services | C | 3,080 | 1,486 | 10.7% | 6.00% |
| 23 | Centra Credit Union | A | 2,991 | 2,206 | 7.8% | 5.63% |
| 24 | Union Home Mortgage | B | 2,856 | 2,257 | 3.1% | 6.63% |
| 25 | Horizon Bank | A | 2,853 | 1,994 | 20.9% | 6.00% |
Best approval odds in Indiana
Lowest decision denial rate among lenders that decided at least 300 Indiana applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | American Neighborhood Mortgage Acceptance Company | 500 | 1.2% | 6.63% |
| 2 | Wolfe Financial | 480 | 1.3% | 6.88% |
| 3 | Geneva Financial | 366 | 1.4% | 6.75% |
| 4 | First Federal Savings Bank | 996 | 1.8% | 7.00% |
| 5 | Direct Mortgage Loans | 326 | 2.2% | 6.56% |
| 6 | Diamond Residential Mortgage | 614 | 2.3% | 6.81% |
| 7 | Coastal Community Bank | 1,703 | 2.5% | 10.99% |
| 8 | The National Bank of Indianapolis | 505 | 2.6% | — |
| 9 | Gold Star Mortgage Financial Group | 423 | 2.6% | 6.63% |
| 10 | Gvc Mortgage | 3,359 | 2.8% | 6.75% |
Lowest median rates in Indiana
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Inova | 305 | 2.99% | 15.8% |
| 2 | Taylor Morrison Home Funding | 228 | 4.99% | 16.3% |
| 3 | Lennar Mortgage | 1,948 | 4.99% | 14.0% |
| 4 | Dhi Mortgage Company | 1,103 | 5.25% | 14.7% |
| 5 | M/i Financial | 437 | 5.38% | 7.1% |
| 6 | Pulte Mortgage | 610 | 5.50% | 11.8% |
| 7 | Centra Credit Union | 2,206 | 5.63% | 7.8% |
| 8 | Village Capital & Investment | 200 | 5.75% | 21.5% |
| 9 | Regions Bank | 1,070 | 5.88% | 35.5% |
| 10 | Vanderbilt Mortgage and Finance | 1,428 | 5.88% | 18.3% |
What Indiana borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Indiana applications were denied
Indiana mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 238,229 | 147,661 | 18.4% | 7.00% | $135,000 | 991 |
| 2024 | 259,860 | 162,760 | 17.9% | 6.99% | $155,000 | 965 |
| 2025 | 286,494 | 178,349 | 16.6% | 6.75% | $155,000 | 1,025 |
Indiana counties
Counties with at least 200 applications in 2025, most active first.
Marion County38k
Lake County20k
Hamilton County19k
Allen County16k
St. Joseph County10k
Hendricks County9.2k
Johnson County8.8k
Elkhart County7.4k
Porter County6.9k
Vanderburgh County6.5k
Tippecanoe County6.2k
Clark County6.2k
Madison County5.9k
Hancock County5.2k
Delaware County4.2k
LaPorte County4.0k
Boone County4.0k
Monroe County3.9k
Morgan County3.8k
Howard County3.7k
Floyd County3.5k
Vigo County3.4k
Bartholomew County3.4k
Kosciusko County3.3k
Warrick County2.5k
Dearborn County2.2k
Grant County2.0k
Shelby County1.9k
Wayne County1.8k
DeKalb County1.8k
Henry County1.8k
Noble County1.7k
Lawrence County1.7k
Harrison County1.7k
Marshall County1.5k
Putnam County1.4k
Whitley County1.4k
Montgomery County1.3k
Jackson County1.3k
Steuben County1.3k
Huntington County1.3k
LaGrange County1.3k
Jasper County1.3k
Jefferson County1.2k
Clinton County1.2k
Adams County1.2k
Greene County1.1k
Cass County1.1k
Wells County1.1k
Gibson County1.1k
Washington County1.1k
Miami County1.1k
Jennings County1.0k
Scott County1.0k
Dubois County974
Wabash County968
Knox County950
White County917
Decatur County876
Carroll County849
Starke County843
Posey County840
Clay County836
Ripley County833
Fayette County747
Owen County735
Brown County731
Fulton County713
Daviess County694
Perry County690
Franklin County679
Randolph County678
Sullivan County627
Rush County573
Jay County549
Tipton County540
Spencer County523
Vermillion County504
Orange County502
Fountain County489
Newton County449
Parke County445
Pike County329
Switzerland County309
Blackford County285
Pulaski County283
Warren County278
Benton County275
Martin County237
Crawford County236
Frequently asked questions
16.6% of mortgage applications in Indiana were denied in 2025 (20.1% of applications that reached a decision). Nationally the rate was 18.0%.
Rocket Mortgage handled the most applications in Indiana in 2025: 13,503, with a denial rate of 18.6%.
Among lenders that decided at least 300 applications in Indiana, American Neighborhood Mortgage Acceptance Company had the lowest decision denial rate at 1.2%.
The median interest rate on loans originated in Indiana in 2025 was 6.75%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.