Fayette County, Indiana · 2025

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

121 lenders acted on 890 mortgage applications for properties in Fayette County in 2025. 19.4% were denied (Indiana: 16.6%). Median rate on closed loans 6.63%; median loan $115,000; median property value $175,000.

890Applications
19.4%Denial ratestate 16.6%
6.63%Median ratestate 6.75%
$115,000Median loan
$175,000Median property value

Largest lenders in Fayette County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 First Financial Bank D 12371 31.7%6.50%
2 Union Savings And Loan Association B 8868 12.5%
3 Fifth Third Bank D 5322 37.7%7.75%
4 American Pacific Mortgage C 4938 6.1%6.88%
5 Newrez D 4027 7.5%6.50%
6 First Merchants Bank C 3523 17.1%6.63%
7 Rocket Mortgage C 3425 20.6%6.88%
8 FCN Bank B 2721 14.8%
9 U.S. Bank D 2415 25.0%7.25%
10 Mortgage Research Center C 2214 18.2%6.25%
11 Broker Solutions D 176 5.9%7.12%
12 Bath State Bank A 1717 0.0%
13 New Day Financial F 162 18.8%6.68%
14 Pennymac Loan Services C 1311 0.0%5.99%
15 Freedom Mortgage B 128 0.0%6.50%
16 United Shore Financial Services B 1210 8.3%6.25%
17 Loandepot.Com D 126 41.7%6.12%
18 Mycumortgage D 126 8.3%6.25%
19 Coastal Community Bank C 123 0.0%13.49%
20 Crosscountry Mortgage B 114 0.0%6.41%
21 Union Home Mortgage B 108 0.0%6.69%
22 Three Rivers Federal Credit Union C 95 44.4%6.63%
23 Carrington Mortgage Services D 93 44.4%6.63%
24 First Bank Richmond C 87 0.0%
25 Gvc Mortgage B 85 12.5%6.88%

Best approval odds in Fayette County

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

#LenderDecidedDecision denial rate
1Union Savings And Loan Association8612.8%
2First Financial Bank11035.5%

What Fayette County borrowers applied for

By loan purpose

Home purchase 373 42% · 12.9% denied
Refinance 128 14% · 21.1% denied
Cash-out refinance 219 25% · 21.5% denied
Home improvement 57 6% · 29.8% denied
Other / HELOC 113 13% · 30.1% denied

By loan type

Conventional 566 64% · 21.2% denied
FHA 183 21% · 17.5% denied
VA 94 11% · 17.0% denied
USDA / RHS 47 5% · 10.6% denied

Why applications were denied

Credit history 71 42%
Debt-to-income ratio 38 23%
Incomplete application 24 14%
Collateral 16 10%
Other 11 7%
Employment history 5 3%
Unverifiable information 2 1%
Insufficient cash 1 1%

Fayette County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202373146318.7%6.99%$95,000
202483049522.2%6.99%$105,000
202589053619.4%6.63%$115,000

Frequently asked questions

19.4% of applications in Fayette County were denied in 2025, against 16.6% statewide in Indiana.

First Financial Bank, with 123 applications in 2025 and a denial rate of 31.7%.

The median mortgage application in Fayette County in 2025 was for $115,000; the median property value on originated loans was $175,000.