Largest lenders in Adams County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | The Farmers & Merchants State Bank | B | 242 | 198 | 9.1% | 7.50% |
| 2 | First Bank of Berne | B | 218 | 193 | 5.1% | — |
| 3 | First Merchants Bank | C | 86 | 66 | 16.3% | 6.38% |
| 4 | Ruoff Mortgage Company | A | 82 | 69 | 1.2% | 6.63% |
| 5 | MidWest America Federal Credit Union | C | 77 | 62 | 6.5% | 6.49% |
| 6 | Fifth Third Bank | D | 68 | 48 | 19.1% | 7.75% |
| 7 | Profed Credit Union | C | 61 | 40 | 31.2% | 7.50% |
| 8 | Three Rivers Federal Credit Union | C | 58 | 39 | 15.5% | 7.00% |
| 9 | Rocket Mortgage | C | 28 | 24 | 7.1% | 7.13% |
| 10 | Flagstar Bank | C | 19 | 7 | 21.1% | 7.13% |
| 11 | Gvc Mortgage | B | 16 | 8 | 6.3% | 6.75% |
| 12 | Unnamed lender 254900TSA1PSM0OS4798 | A | 16 | 16 | 0.0% | — |
| 13 | Carrington Mortgage Services | D | 15 | 4 | 40.0% | 6.38% |
| 14 | Stockton Mortgage | D | 15 | 8 | 0.0% | 6.81% |
| 15 | Freedom Mortgage | B | 14 | 9 | 0.0% | 6.25% |
| 16 | Mortgage Research Center | C | 14 | 8 | 21.4% | 6.13% |
| 17 | Fairway Independent Mortgage | B | 13 | 9 | 0.0% | 6.81% |
| 18 | United Shore Financial Services | B | 13 | 6 | 46.2% | 6.00% |
| 19 | Newrez | D | 11 | 4 | 9.1% | 6.94% |
| 20 | Figure Lending | C | 10 | 5 | 50.0% | 10.15% |
| 21 | Pennymac Loan Services | C | 9 | 3 | 22.2% | 5.99% |
| 22 | AmeriSave Mortgage | D | 9 | 3 | 55.6% | 9.88% |
| 23 | Lower | C | 8 | 4 | 37.5% | 6.25% |
| 24 | Polaris Home Funding | C | 8 | 8 | 0.0% | 6.75% |
| 25 | USAA Federal Savings Bank | C | 7 | 6 | 14.3% | 6.13% |
Best approval odds in Adams County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Ruoff Mortgage Company | 80 | 1.3% |
| 2 | First Bank of Berne | 210 | 5.2% |
| 3 | MidWest America Federal Credit Union | 70 | 7.1% |
| 4 | The Farmers & Merchants State Bank | 221 | 10.0% |
| 5 | First Merchants Bank | 80 | 17.5% |
| 6 | Fifth Third Bank | 62 | 21.0% |
| 7 | Profed Credit Union | 61 | 31.2% |
What Adams County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Adams County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 940 | 649 | 15.3% | 7.25% | $105,000 |
| 2024 | 1,086 | 775 | 15.6% | 7.13% | $105,000 |
| 2025 | 1,306 | 950 | 12.6% | 7.00% | $115,000 |
Frequently asked questions
12.6% of applications in Adams County were denied in 2025, against 16.6% statewide in Indiana.
The Farmers & Merchants State Bank, with 242 applications in 2025 and a denial rate of 9.1%.
The median mortgage application in Adams County in 2025 was for $115,000; the median property value on originated loans was $245,000.