Largest lenders in Tippecanoe County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Purdue | B | 931 | 751 | 11.0% | 7.00% |
| 2 | First Merchants Bank | C | 500 | 319 | 18.6% | 6.75% |
| 3 | Rocket Mortgage | C | 278 | 217 | 16.6% | 6.75% |
| 4 | CMG Mortgage | A | 257 | 203 | 4.7% | 6.75% |
| 5 | United Shore Financial Services | B | 239 | 196 | 8.4% | 6.63% |
| 6 | Ruoff Mortgage Company | A | 208 | 165 | 3.9% | 6.88% |
| 7 | Old National Bank | B | 202 | 152 | 16.8% | 6.38% |
| 8 | Regions Bank | C | 186 | 91 | 28.0% | 4.99% |
| 9 | The Huntington National Bank | D | 179 | 116 | 22.4% | 7.80% |
| 10 | Centier Bank | C | 160 | 108 | 16.3% | 7.75% |
| 11 | Industrial Federal Credit Union | C | 143 | 114 | 9.1% | — |
| 12 | JPMorgan Chase Bank | B | 124 | 93 | 4.0% | 6.49% |
| 13 | Security Federal Savings Bank | B | 123 | 105 | 7.3% | 6.63% |
| 14 | Horizon Bank | A | 118 | 83 | 17.8% | 6.00% |
| 15 | Newrez | D | 111 | 32 | 21.6% | 7.37% |
| 16 | The Fountain Trust | C | 106 | 74 | 16.0% | — |
| 17 | Fifth Third Bank | D | 103 | 55 | 29.1% | 7.25% |
| 18 | Guild Mortgage | A | 98 | 76 | 5.1% | 6.63% |
| 19 | Freedom Mortgage | B | 95 | 39 | 14.7% | 6.25% |
| 20 | Fairway Independent Mortgage | B | 86 | 63 | 7.0% | 6.88% |
| 21 | Gold Star Mortgage Financial Group | C | 81 | 55 | 1.2% | 6.75% |
| 22 | Mortgage Research Center | C | 79 | 43 | 21.5% | 6.50% |
| 23 | 1st Source Bank | B | 76 | 52 | 18.4% | 7.25% |
| 24 | Broker Solutions | D | 73 | 21 | 8.2% | 6.88% |
| 25 | Vanderbilt Mortgage and Finance | F | 64 | 52 | 1.6% | 6.49% |
Best approval odds in Tippecanoe County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Gold Star Mortgage Financial Group | 66 | 1.5% |
| 2 | Vanderbilt Mortgage and Finance | 53 | 1.9% |
| 3 | Ruoff Mortgage Company | 190 | 4.2% |
| 4 | JPMorgan Chase Bank | 101 | 5.0% |
| 5 | CMG Mortgage | 225 | 5.3% |
| 6 | Coastal Community Bank | 53 | 5.7% |
| 7 | Guild Mortgage | 82 | 6.1% |
| 8 | Security Federal Savings Bank | 117 | 7.7% |
| 9 | Fairway Independent Mortgage | 69 | 8.7% |
| 10 | United Shore Financial Services | 223 | 9.0% |
What Tippecanoe County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Tippecanoe County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 5,266 | 3,484 | 16.7% | 7.13% | $145,000 |
| 2024 | 5,797 | 3,831 | 16.0% | 6.99% | $165,000 |
| 2025 | 6,477 | 4,350 | 13.5% | 6.75% | $185,000 |
Frequently asked questions
13.5% of applications in Tippecanoe County were denied in 2025, against 16.6% statewide in Indiana.
Purdue, with 931 applications in 2025 and a denial rate of 11.0%.
The median mortgage application in Tippecanoe County in 2025 was for $185,000; the median property value on originated loans was $315,000.