States › Indiana › Carroll County
Carroll County, Indiana
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Carroll County, Indiana, saw 874 HMDA-reported applications and 512 originations ($81m) in 2024.
That is 63.3 originations per 1,000 households, against 59.9 for Indiana and 48.0 nationally.
The county's denial rate was 24.9%, above the state rate of 21.5%. The median rate spread on originated loans was 0.6 percentage points and 16.2% of originations were 1.5 points or more above the average prime offer rate.
9 lenders reached 25 applications in the county; the most active by originations were First Financial Bank (45), First Merchants Bank (44) and Fairway Independent Mort Corp (25).
Originations were about level with 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | First Financial Bank | 76 | 45 | $5.8m | 33.8% | — |
| 2 | First Merchants Bank | 75 | 44 | $6.0m | 24.1% | — |
| 3 | Fairway Independent Mort Corp | 28 | 25 | $3.9m | 0.0% | — |
| 4 | Rocket Mortgage | 37 | 23 | $3.5m | 29.4% | — |
| 5 | Horizon Bank | 37 | 23 | $2.2m | 25.7% | — |
| 6 | Regions Bank | 42 | 21 | $2.9m | 32.4% | — |
| 7 | Purdue Federal Cu | 29 | 21 | $3.6m | 18.5% | — |
| 8 | Industrial Federal C. U. | 29 | 21 | $1.1m | 18.5% | — |
| 9 | Ruoff Mortgage Company | 26 | 21 | $3.7m | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 9. Denial rate is denials over decided applications in this county.
Compared with Indiana and the nation
| Measure | This county | Indiana | United States |
|---|---|---|---|
| Denial rate | 24.9% | 21.5% | 24.3% |
| Median rate spread, pp | 0.6 | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.2% | 15.8% | 15.6% |
| Average originated loan | $159k | $216k | $329k |
| Originations per 1,000 households | 63.3 | 59.9 | 48.0 |
| Home purchase share of originations | 47.1% | 53.1% | 57.0% |
| FHA-insured share | 12.1% | 14.5% | 13.4% |
| VA-guaranteed share | 6.3% | 6.0% | 7.9% |
Rate spread distribution
Share of 450 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Indiana). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 47% (241)Home improvement 11% (56)Refinancing 13% (68)Cash-out refinancing 15% (75)Other purpose 14% (72)
By type
Conventional 80% (411)FHA 12% (62)VA 6% (32)USDA 1% (7)
Trend by year
ApplicationsOriginations
This countyIndiana
Questions and answers
Which lenders are most active in Carroll County, IN?
By 2024 originations: First Financial Bank (45), First Merchants Bank (44), Fairway Independent Mort Corp (25), Rocket Mortgage (23), Horizon Bank (23). 9 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Carroll County?
24.9% of decided applications were denied in 2024, against 21.5% across Indiana and 24.3% nationally.
How many mortgages were originated in Carroll County in 2024?
512 loans totalling $81m, from 874 applications; 63.3 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 18015; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.