Marion County, Indiana · 2025

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

538 lenders acted on 38,147 mortgage applications for properties in Marion County in 2025. 18.3% were denied (Indiana: 16.6%). Median rate on closed loans 6.75%; median loan $165,000; median property value $265,000.

38kApplications
18.3%Denial ratestate 16.6%
6.75%Median ratestate 6.75%
$165,000Median loan
$265,000Median property value

Largest lenders in Marion County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 1,9051,340 19.6%6.75%
2 United Shore Financial Services B 1,8861,339 14.5%6.50%
3 The Huntington National Bank D 1,476702 38.1%7.99%
4 Fifth Third Bank D 1,181555 33.5%7.50%
5 Indiana Members Credit Union B 1,154761 14.3%6.50%
6 Fairway Independent Mortgage B 948697 9.6%6.75%
7 Newrez D 930335 19.6%6.75%
8 PNC Bank D 866499 26.4%6.38%
9 JPMorgan Chase Bank B 830520 11.7%6.50%
10 Forum C 765477 16.3%7.25%
11 Freedom Mortgage B 721346 8.2%6.25%
12 Gvc Mortgage B 705578 2.0%6.75%
13 Old National Bank B 640425 20.2%6.25%
14 Ruoff Mortgage Company A 631466 3.7%6.75%
15 Elements Financial Federal Credit Union B 606439 11.2%6.25%
16 Crosscountry Mortgage B 582380 2.6%6.75%
17 Mortgage Research Center C 566255 22.3%6.38%
18 Regions Bank C 559256 38.3%4.99%
19 Broker Solutions D 531187 11.3%6.93%
20 Mjw Financial A 512390 3.5%6.62%
21 Everwise Credit Union C 500268 27.0%7.50%
22 Union Home Mortgage B 492387 3.7%6.63%
23 Loandepot.Com D 491262 29.3%6.99%
24 Guild Mortgage A 480364 4.2%6.63%
25 Guaranteed Rate B 471262 7.0%6.64%

Best approval odds in Marion County

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

What Marion County borrowers applied for

By loan purpose

Home purchase 16,941 44% · 10.6% denied
Refinance 5,511 14% · 15.2% denied
Cash-out refinance 7,638 20% · 22.4% denied
Home improvement 3,984 10% · 33.0% denied
Other / HELOC 4,073 11% · 32.2% denied

By loan type

Conventional 28,922 76% · 18.5% denied
FHA 6,780 18% · 18.8% denied
VA 2,442 6% · 14.2% denied
USDA / RHS 3 0% · 0.0% denied

Why applications were denied

Credit history 2,180 31%
Debt-to-income ratio 1,979 28%
Collateral 980 14%
Incomplete application 749 11%
Other 544 8%
Unverifiable information 274 4%
Insufficient cash 152 2%
Employment history 99 1%
Mortgage insurance denied 2 0%

Marion County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202332,81618,91720.0%6.99%$155,000
202436,11420,95919.9%6.88%$165,000
202538,14722,09218.3%6.75%$165,000

Frequently asked questions

18.3% of applications in Marion County were denied in 2025, against 16.6% statewide in Indiana.

Rocket Mortgage, with 1,905 applications in 2025 and a denial rate of 19.6%.

The median mortgage application in Marion County in 2025 was for $165,000; the median property value on originated loans was $265,000.