Find a better mortgage lender

Henry County, Indiana · 2025

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

202 lenders acted on 2,001 mortgage applications for properties in Henry County in 2025. 21.1% were denied (Indiana: 16.6%). Median rate on closed loans 6.75%; median loan $125,000; median property value $205,000.

2.0kApplications
21.1%Denial ratestate 16.6%
6.75%Median ratestate 6.75%
$125,000Median loan
$205,000Median property value

Largest lenders in Henry County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 First Merchants Bank C 252170 20.2%7.00%
2 Ruoff Mortgage Company A 10783 4.7%6.88%
3 Rocket Mortgage C 10671 23.6%6.50%
4 STAR Financial Bank C 9845 42.9%6.13%
5 Newrez D 9141 14.3%6.50%
6 Citizens State Bank of New Castle, Indiana D 7145 23.9%7.50%
7 First Financial Bank D 6835 36.8%6.56%
8 Union Home Mortgage B 6150 3.3%6.63%
9 United Shore Financial Services B 4827 22.9%6.25%
10 Broker Solutions D 4720 8.5%7.25%
11 Guild Mortgage A 4339 0.0%6.56%
12 Mortgage Research Center C 3615 22.2%6.25%
13 AmeriSave Mortgage D 338 57.6%7.38%
14 Fairway Independent Mortgage B 3317 12.1%6.88%
15 Loandepot.Com D 3214 31.3%7.25%
16 Carrington Mortgage Services D 3117 35.5%6.50%
17 Freedom Mortgage B 3112 9.7%6.25%
18 Gvc Mortgage B 2821 7.1%6.75%
19 PNC Bank D 227 45.5%8.50%
20 Fifth Third Bank D 2111 28.6%6.88%
21 U.S. Bank D 218 47.6%7.55%
22 Forum C 2012 5.0%6.75%
23 Nationstar Mortgage C 2014 25.0%7.12%
24 Pennymac Loan Services C 197 0.0%6.00%
25 Crosscountry Mortgage B 1711 0.0%6.75%

Best approval odds in Henry County

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

#LenderDecidedDecision denial rate
1Union Home Mortgage523.9%
2Ruoff Mortgage Company1005.0%
3First Merchants Bank22522.7%
4Newrez5722.8%
5Citizens State Bank of New Castle, Indiana6625.8%
6Rocket Mortgage9725.8%
7First Financial Bank6339.7%
8STAR Financial Bank9046.7%

What Henry County borrowers applied for

By loan purpose

Home purchase 746 37% · 9.3% denied
Refinance 332 17% · 20.2% denied
Cash-out refinance 489 24% · 25.4% denied
Home improvement 212 11% · 41.0% denied
Other / HELOC 222 11% · 33.8% denied

By loan type

Conventional 1,403 70% · 22.7% denied
FHA 387 19% · 18.6% denied
VA 148 7% · 20.3% denied
USDA / RHS 63 3% · 3.2% denied

Why applications were denied

Credit history 153 36%
Debt-to-income ratio 100 24%
Collateral 84 20%
Incomplete application 44 10%
Other 17 4%
Unverifiable information 12 3%
Insufficient cash 7 2%
Employment history 3 1%

Henry County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,60893621.0%7.13%$105,000
20241,8571,12018.9%6.99%$115,000
20252,0011,13621.1%6.75%$125,000

Frequently asked questions

21.1% of applications in Henry County were denied in 2025, against 16.6% statewide in Indiana.

First Merchants Bank, with 252 applications in 2025 and a denial rate of 20.2%.

The median mortgage application in Henry County in 2025 was for $125,000; the median property value on originated loans was $205,000.