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Vermillion County, Indiana · 2025

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

104 lenders acted on 654 mortgage applications for properties in Vermillion County in 2025. 19.9% were denied (Indiana: 16.6%). Median rate on closed loans 6.88%; median loan $95,000; median property value $145,000.

654Applications
19.9%Denial ratestate 16.6%
6.88%Median ratestate 6.75%
$95,000Median loan
$145,000Median property value

Largest lenders in Vermillion County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 First Financial Bank C 14690 27.4%6.75%
2 Fifth Third Bank D 5330 26.4%7.17%
3 Rocket Mortgage C 3724 27.0%6.99%
4 Old National Bank B 3017 30.0%6.63%
5 Gvc Mortgage B 2822 7.1%6.75%
6 Ruoff Mortgage Company A 2519 4.0%7.00%
7 Wolfe Financial C 2217 0.0%6.75%
8 Mortgage Research Center C 219 14.3%6.75%
9 Broker Solutions D 123 16.7%7.25%
10 Pennymac Loan Services C 116 0.0%6.19%
11 AmeriSave Mortgage D 113 72.7%9.00%
12 First Farmers Bank & Trust C 118 9.1%7.44%
13 Fairway Independent Mortgage B 96 11.1%7.13%
14 Crosscountry Mortgage B 84 0.0%6.88%
15 Carrington Mortgage Services D 84 37.5%6.31%
16 Indiana State University Federal Credit Union D 75 28.6%7.40%
17 Movement Mortgage A 76 0.0%7.25%
18 The Fisher National Bank A 74 14.3%—
19 Barrington Bank & Trust Company C 62 33.3%6.75%
20 Royal United Mortgage F 66 0.0%7.19%
21 United Shore Financial Services B 63 16.7%5.63%
22 Loandepot.Com D 61 16.7%5.75%
23 Zillow Home Loans B 64 0.0%6.69%
24 The Riddell National Bank B 66 0.0%6.88%
25 Elements Financial Federal Credit Union B 54 20.0%5.88%

Best approval odds in Vermillion County

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

#LenderDecidedDecision denial rate
1First Financial Bank14028.6%

What Vermillion County borrowers applied for

By loan purpose

Home purchase 237 36% · 5.9% denied
Refinance 143 22% · 16.1% denied
Cash-out refinance 108 17% · 30.6% denied
Home improvement 81 12% · 32.1% denied
Other / HELOC 85 13% · 40.0% denied

By loan type

Conventional 449 69% · 20.0% denied
FHA 131 20% · 23.7% denied
VA 52 8% · 13.5% denied
USDA / RHS 22 3% · 9.1% denied

Why applications were denied

Credit history 51 40%
Collateral 33 26%
Debt-to-income ratio 18 14%
Other 12 9%
Incomplete application 10 8%
Unverifiable information 4 3%

Vermillion County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202348430920.3%7.25%$75,000
202453232719.9%7.11%$85,000
202565438719.9%6.88%$95,000

Frequently asked questions

19.9% of applications in Vermillion County were denied in 2025, against 16.6% statewide in Indiana.

First Financial Bank, with 146 applications in 2025 and a denial rate of 27.4%.

The median mortgage application in Vermillion County in 2025 was for $95,000; the median property value on originated loans was $145,000.