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Vanderburgh County, Indiana · 2025

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

268 lenders acted on 6,738 mortgage applications for properties in Vanderburgh County in 2025. 14.5% were denied (Indiana: 16.6%). Median rate on closed loans 6.75%; median loan $125,000; median property value $235,000.

6.7kApplications
14.5%Denial ratestate 16.6%
6.75%Median ratestate 6.75%
$125,000Median loan
$235,000Median property value

Largest lenders in Vanderburgh County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Liberty B 1,002851 3.8%6.88%
2 Mortgage Masters of Indiana B 489450 2.3%6.50%
3 Fifth Third Bank D 482304 20.5%7.75%
4 Old National Bank B 404279 18.1%6.13%
5 Heritage Federal Credit Union D 365241 21.9%7.00%
6 Rocket Mortgage C 233156 18.5%6.75%
7 German American Bank A 214170 13.6%6.88%
8 United Shore Financial Services B 184133 10.3%6.45%
9 Freedom Mortgage B 14367 7.7%6.25%
10 Mortgage Research Center C 12773 16.5%6.50%
11 21st Mortgage F 12516 51.2%11.18%
12 Indiana Members Credit Union B 11686 8.6%6.13%
13 Luminate Bank B 10687 1.9%6.75%
14 First Federal Savings Bank B 10273 10.8%—
15 Crane C 8779 5.8%7.10%
16 Newrez D 7731 18.2%6.50%
17 Field & Main Bank B 7671 2.6%—
18 Kiavi Funding D 7016 2.9%6.88%
19 Interlinc Mortgage Services B 6954 1.5%6.75%
20 Pennymac Loan Services C 6832 5.9%5.99%
21 Broker Solutions D 6612 13.6%7.44%
22 Vanderbilt Mortgage and Finance F 666 42.4%12.62%
23 AmeriSave Mortgage D 6415 62.5%8.88%
24 Park Lane Finance Solutions F 6412 17.2%11.52%
25 Loandepot.Com D 6326 34.9%6.75%

Best approval odds in Vanderburgh County

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

#LenderDecidedDecision denial rate
1Interlinc Mortgage Services561.8%
2Luminate Bank892.3%
3Mortgage Masters of Indiana4672.4%
4Field & Main Bank732.7%
5Liberty8954.3%
6Crane875.8%
7Indiana Members Credit Union1029.8%
8First Federal Savings Bank9311.8%
9Freedom Mortgage9112.1%
10United Shore Financial Services15512.3%

What Vanderburgh County borrowers applied for

By loan purpose

Home purchase 3,109 46% · 8.3% denied
Refinance 1,004 15% · 12.2% denied
Cash-out refinance 1,388 21% · 16.4% denied
Home improvement 593 9% · 27.7% denied
Other / HELOC 644 10% · 32.3% denied

By loan type

Conventional 5,114 76% · 15.0% denied
FHA 1,170 17% · 14.4% denied
VA 445 7% · 9.4% denied
USDA / RHS 9 0% · 22.2% denied

Why applications were denied

Credit history 345 35%
Debt-to-income ratio 237 24%
Collateral 137 14%
Other 90 9%
Incomplete application 88 9%
Unverifiable information 40 4%
Employment history 15 2%
Insufficient cash 15 2%
Mortgage insurance denied 5 1%

Vanderburgh County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,5913,65117.0%7.00%$115,000
20245,8953,89515.5%6.90%$125,000
20256,7384,42114.5%6.75%$125,000

Frequently asked questions

14.5% of applications in Vanderburgh County were denied in 2025, against 16.6% statewide in Indiana.

Liberty, with 1,002 applications in 2025 and a denial rate of 3.8%.

The median mortgage application in Vanderburgh County in 2025 was for $125,000; the median property value on originated loans was $235,000.