Porter County, Indiana · 2025

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

325 lenders acted on 7,281 mortgage applications for properties in Porter County in 2025. 14.0% were denied (Indiana: 16.6%). Median rate on closed loans 6.75%; median loan $205,000; median property value $345,000.

7.3kApplications
14.0%Denial ratestate 16.6%
6.75%Median ratestate 6.75%
$205,000Median loan
$345,000Median property value

Largest lenders in Porter County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Centier Bank C 560410 14.6%8.50%
2 Rocket Mortgage C 403320 10.7%6.75%
3 Horizon Bank A 304224 14.8%6.38%
4 Fifth Third Bank D 282176 25.5%7.50%
5 JPMorgan Chase Bank B 204134 8.8%6.50%
6 Diamond Residential Mortgage B 193167 1.6%6.88%
7 TECH Credit Union D 190182 1.1%7.24%
8 1st Source Bank B 176131 19.3%7.75%
9 Freedom Mortgage B 16877 7.7%6.25%
10 United Shore Financial Services B 167120 12.0%6.13%
11 Guaranteed Rate B 15992 5.0%6.61%
12 Lennar Mortgage A 143107 7.7%5.38%
13 Mortgage Research Center C 14072 19.3%6.13%
14 21st Mortgage F 13929 55.4%11.48%
15 Fairway Independent Mortgage B 131104 3.8%6.75%
16 Ixonia Bank C 127101 0.8%6.75%
17 Newrez D 11043 10.9%6.75%
18 Crosscountry Mortgage B 10973 3.7%6.75%
19 Union Home Mortgage B 10994 3.7%6.88%
20 Pennymac Loan Services C 9654 10.4%5.93%
21 Dhi Mortgage Company B 8259 8.5%5.50%
22 Spring Eq D 7324 41.1%9.61%
23 Coastal Community Bank C 7322 0.0%11.62%
24 BMO Bank F 7341 26.0%8.80%
25 AmeriSave Mortgage D 6920 62.3%8.56%

Best approval odds in Porter County

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

What Porter County borrowers applied for

By loan purpose

Home purchase 3,147 43% · 8.0% denied
Refinance 1,249 17% · 11.9% denied
Cash-out refinance 1,235 17% · 18.3% denied
Home improvement 846 12% · 22.9% denied
Other / HELOC 804 11% · 24.6% denied

By loan type

Conventional 5,508 76% · 14.6% denied
FHA 1,241 17% · 12.7% denied
VA 525 7% · 11.1% denied
USDA / RHS 7 0% · 0.0% denied

Why applications were denied

Credit history 306 30%
Debt-to-income ratio 288 28%
Incomplete application 136 13%
Collateral 133 13%
Other 79 8%
Unverifiable information 38 4%
Insufficient cash 18 2%
Employment history 16 2%

Porter County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,9123,72817.7%7.13%$165,000
20246,8904,33416.3%6.99%$195,000
20257,2814,71014.0%6.75%$205,000

Frequently asked questions

14.0% of applications in Porter County were denied in 2025, against 16.6% statewide in Indiana.

Centier Bank, with 560 applications in 2025 and a denial rate of 14.6%.

The median mortgage application in Porter County in 2025 was for $205,000; the median property value on originated loans was $345,000.