Blackford County, Indiana · 2025

Mortgage lenders in Blackford County, IN: denial rates and top lenders (2025)

99 lenders acted on 401 mortgage applications for properties in Blackford County in 2025. 22.7% were denied (Indiana: 16.6%). Median rate on closed loans 6.99%; median loan $105,000; median property value $155,000.

401Applications
22.7%Denial ratestate 16.6%
6.99%Median ratestate 6.75%
$105,000Median loan
$155,000Median property value

Largest lenders in Blackford County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Ruoff Mortgage Company A 3125 3.2%6.88%
2 Rocket Mortgage C 2513 28.0%6.99%
3 First Financial Bank D 2311 47.8%6.93%
4 Citizens State Bank of New Castle, Indiana D 2313 30.4%7.38%
5 Mortgage Research Center C 168 18.8%6.19%
6 Union Home Mortgage B 1514 6.7%6.81%
7 Broker Solutions D 134 15.4%7.12%
8 Newrez D 127 16.7%6.99%
9 Fairway Independent Mortgage B 108 20.0%6.99%
10 First Merchants Bank C 93 55.6%6.25%
11 GoodLeap C 82 12.5%11.74%
12 Crosscountry Mortgage B 86 0.0%6.56%
13 Freedom Mortgage B 81 12.5%8.00%
14 STAR Financial Bank C 75 28.6%6.38%
15 Three Rivers Federal Credit Union C 75 28.6%7.00%
16 First Bank of Berne B 75 14.3%
17 Gvc Mortgage B 75 0.0%6.88%
18 Pennymac Loan Services C 61 33.3%5.99%
19 Northwest Bank B 62 50.0%6.50%
20 Carrington Mortgage Services D 62 33.3%6.25%
21 Loandepot.Com D 62 66.7%6.31%
22 Farm Credit Mid-America D 64 16.7%7.06%
23 Figure Lending C 63 33.3%10.48%
24 Stockton Mortgage D 52 40.0%6.56%
25 Consumer Real Estate Finance F 54 0.0%7.38%

What Blackford County borrowers applied for

By loan purpose

Home purchase 161 40% · 8.7% denied
Refinance 44 11% · 20.5% denied
Cash-out refinance 93 23% · 30.1% denied
Home improvement 53 13% · 45.3% denied
Other / HELOC 50 12% · 32.0% denied

By loan type

Conventional 249 62% · 26.9% denied
FHA 98 24% · 15.3% denied
VA 35 9% · 17.1% denied
USDA / RHS 19 5% · 15.8% denied

Why applications were denied

Credit history 37 41%
Debt-to-income ratio 20 22%
Collateral 20 22%
Incomplete application 6 7%
Insufficient cash 3 3%
Employment history 2 2%
Other 2 2%

Blackford County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202331516522.9%7.00%$85,000
202435221421.6%6.99%$95,000
202540121822.7%6.99%$105,000

Frequently asked questions

22.7% of applications in Blackford County were denied in 2025, against 16.6% statewide in Indiana.

Ruoff Mortgage Company, with 31 applications in 2025 and a denial rate of 3.2%.

The median mortgage application in Blackford County in 2025 was for $105,000; the median property value on originated loans was $155,000.