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Hancock County, Indiana · 2025

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

287 lenders acted on 5,474 mortgage applications for properties in Hancock County in 2025. 13.8% were denied (Indiana: 16.6%). Median rate on closed loans 6.50%; median loan $245,000; median property value $355,000.

5.5kApplications
13.8%Denial ratestate 16.6%
6.50%Median ratestate 6.75%
$245,000Median loan
$355,000Median property value

Largest lenders in Hancock County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Lennar Mortgage A 461356 11.5%4.99%
2 Rocket Mortgage C 257190 16.3%6.69%
3 Vanderbilt Mortgage and Finance F 198153 1.0%5.88%
4 United Shore Financial Services B 177130 13.6%6.50%
5 Newrez D 17168 18.7%6.81%
6 Fifth Third Bank D 15694 21.8%7.63%
7 Forum C 146103 13.0%7.00%
8 Guild Mortgage A 12699 4.8%6.63%
9 Freedom Mortgage B 12453 7.3%6.25%
10 PNC Bank D 11981 14.3%7.80%
11 NVR Mortgage Finance B 11895 11.9%6.13%
12 Dhi Mortgage Company B 11574 14.8%4.99%
13 Victory Mortgage A 11492 6.1%6.00%
14 The Huntington National Bank D 11362 26.6%7.99%
15 Fairway Independent Mortgage B 11284 9.8%6.63%
16 Indiana Members Credit Union B 11083 8.2%5.88%
17 Mortgage Research Center C 9443 18.1%6.13%
18 Gvc Mortgage B 8873 1.1%6.75%
19 Ruoff Mortgage Company A 8674 0.0%6.75%
20 First Merchants Bank C 7956 21.5%7.00%
21 Mjw Financial A 7964 0.0%6.50%
22 Pennymac Loan Services C 7437 6.8%5.99%
23 JPMorgan Chase Bank B 7448 6.8%6.75%
24 Union Savings Bank A 6657 1.5%6.75%
25 Elements Financial Federal Credit Union B 6445 12.5%5.63%

Best approval odds in Hancock County

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

#LenderDecidedDecision denial rate
1Mjw Financial640.0%
2Ruoff Mortgage Company830.0%
3Vanderbilt Mortgage and Finance1561.3%
4Gvc Mortgage741.4%
5Union Savings Bank591.7%
6Guild Mortgage1125.4%
7Victory Mortgage997.1%
8Nationstar Mortgage549.3%
9JPMorgan Chase Bank539.4%
10Indiana Members Credit Union959.5%

What Hancock County borrowers applied for

By loan purpose

Home purchase 2,768 51% · 8.0% denied
Refinance 779 14% · 10.5% denied
Cash-out refinance 966 18% · 21.4% denied
Home improvement 414 8% · 23.4% denied
Other / HELOC 547 10% · 27.4% denied

By loan type

Conventional 3,897 71% · 13.9% denied
FHA 995 18% · 16.3% denied
VA 567 10% · 9.4% denied
USDA / RHS 15 0% · 6.7% denied

Why applications were denied

Debt-to-income ratio 260 35%
Credit history 172 23%
Incomplete application 119 16%
Collateral 94 13%
Other 45 6%
Employment history 20 3%
Insufficient cash 18 2%
Unverifiable information 18 2%

Hancock County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,8522,50314.9%6.75%$205,000
20244,3902,82015.7%6.75%$225,000
20255,4743,52813.8%6.50%$245,000

Frequently asked questions

13.8% of applications in Hancock County were denied in 2025, against 16.6% statewide in Indiana.

Lennar Mortgage, with 461 applications in 2025 and a denial rate of 11.5%.

The median mortgage application in Hancock County in 2025 was for $245,000; the median property value on originated loans was $355,000.