Clark County, Indiana · 2025

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

277 lenders acted on 6,410 mortgage applications for properties in Clark County in 2025. 14.7% were denied (Indiana: 16.6%). Median rate on closed loans 6.63%; median loan $185,000; median property value $275,000.

6.4kApplications
14.7%Denial ratestate 16.6%
6.63%Median ratestate 6.75%
$185,000Median loan
$275,000Median property value

Largest lenders in Clark County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 454351 12.8%6.63%
2 United Shore Financial Services B 351289 6.8%6.50%
3 Centra Credit Union A 338251 5.9%5.24%
4 Freedom Mortgage B 232127 5.6%6.25%
5 Stock Yards Bank & Trust B 191135 13.1%6.63%
6 Fifth Third Bank D 18988 35.5%8.06%
7 German American Bank A 177126 18.6%6.88%
8 PNC Bank D 175127 16.0%7.30%
9 Republic Bank & Trust B 136105 5.2%6.13%
10 Pennymac Loan Services C 11259 13.4%6.13%
11 Mortgage Research Center C 11251 22.3%6.50%
12 L & N Federal Credit Union A 10882 10.2%7.00%
13 First Savings Bank C 10382 8.7%6.95%
14 JPMorgan Chase Bank B 9164 13.2%6.88%
15 U.S. Bank D 9142 40.7%7.00%
16 Northpointe Bank C 8863 4.6%6.75%
17 Magnolia Bank C 8872 2.3%6.38%
18 21st Mortgage F 8613 51.2%10.67%
19 Newrez D 8529 17.7%6.88%
20 Vanderbilt Mortgage and Finance F 8531 32.9%5.63%
21 Kind Lending C 8055 23.8%6.50%
22 First Financial Bank D 7956 20.3%5.99%
23 The New Washington State Bank A 7966 6.3%
24 First Harrison Bank B 7256 13.9%6.38%
25 WesBanco Bank B 7148 16.9%5.81%

Best approval odds in Clark County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

What Clark County borrowers applied for

By loan purpose

Home purchase 3,008 47% · 10.0% denied
Refinance 969 15% · 10.5% denied
Cash-out refinance 1,028 16% · 20.3% denied
Home improvement 572 9% · 24.3% denied
Other / HELOC 833 13% · 23.2% denied

By loan type

Conventional 4,482 70% · 15.0% denied
FHA 1,197 19% · 14.1% denied
VA 621 10% · 15.1% denied
USDA / RHS 110 2% · 10.9% denied

Why applications were denied

Credit history 316 34%
Debt-to-income ratio 229 25%
Incomplete application 128 14%
Collateral 115 12%
Other 58 6%
Unverifiable information 44 5%
Insufficient cash 30 3%
Employment history 9 1%
Mortgage insurance denied 1 0%

Clark County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,0563,27615.8%6.88%$155,000
20245,6033,59317.0%6.88%$175,000
20256,4104,08114.7%6.63%$185,000

Frequently asked questions

14.7% of applications in Clark County were denied in 2025, against 16.6% statewide in Indiana.

Rocket Mortgage, with 454 applications in 2025 and a denial rate of 12.8%.

The median mortgage application in Clark County in 2025 was for $185,000; the median property value on originated loans was $275,000.