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Montgomery 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.
Montgomery County, Indiana, saw 1,459 HMDA-reported applications and 943 originations ($173m) in 2024.
That is 60.4 originations per 1,000 households, against 59.9 for Indiana and 48.0 nationally.
The county's denial rate was 19.7%, close to the state rate of 21.5%. The median rate spread on originated loans was 0.6 percentage points and 13.7% of originations were 1.5 points or more above the average prime offer rate.
14 lenders reached 25 applications in the county; the most active by originations were PNC Bank N.A. (116), University Bank (92) and Wolfe Financial Inc (68).
Originations were up 10% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | PNC Bank N.A. | 158 | 116 | $15m | 15.8% | — |
| 2 | University Bank | 107 | 92 | $18m | 1.1% | — |
| 3 | Wolfe Financial Inc | 81 | 68 | $13m | 0.0% | — |
| 4 | Rocket Mortgage | 81 | 58 | $10m | 24.7% | — |
| 5 | Everwise Credit Union | 69 | 50 | $4.8m | 24.2% | — |
| 6 | Ruoff Mortgage Company | 63 | 47 | $9.7m | 8.9% | — |
| 7 | First Merchants Bank | 66 | 43 | $5.7m | 27.1% | — |
| 8 | First Financial Bank | 50 | 38 | $3.4m | 20.8% | — |
| 9 | Gvc Mortgage, Inc. | 35 | 27 | $5.0m | 3.6% | — |
| 10 | The Fountain Trust Company | 33 | 18 | $2.8m | 30.3% | — |
| 11 | Mortgage Research Center | 31 | 18 | $3.7m | — | — |
| 12 | Industrial Federal C. U. | 25 | 16 | $1.1m | — | — |
| 13 | Fairway Independent Mort Corp | 27 | 14 | $2.2m | — | — |
| 14 | Discover Bank | 34 | 7 | $425k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 14. Denial rate is denials over decided applications in this county.
Compared with Indiana and the nation
| Measure | This county | Indiana | United States |
|---|---|---|---|
| Denial rate | 19.7% | 21.5% | 24.3% |
| Median rate spread, pp | 0.6 | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 13.7% | 15.8% | 15.6% |
| Average originated loan | $184k | $216k | $329k |
| Originations per 1,000 households | 60.4 | 59.9 | 48.0 |
| Home purchase share of originations | 53.1% | 53.1% | 57.0% |
| FHA-insured share | 17.7% | 14.5% | 13.4% |
| VA-guaranteed share | 7.6% | 6.0% | 7.9% |
Rate spread distribution
Share of 878 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 53% (501)Home improvement 9% (84)Refinancing 13% (126)Cash-out refinancing 14% (135)Other purpose 10% (97)
By type
Conventional 68% (645)FHA 18% (167)VA 8% (72)USDA 6% (59)
Trend by year
ApplicationsOriginations
This countyIndiana
Questions and answers
Which lenders are most active in Montgomery County, IN?
By 2024 originations: PNC Bank N.A. (116), University Bank (92), Wolfe Financial Inc (68), Rocket Mortgage (58), Everwise Credit Union (50). 14 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Montgomery County?
19.7% of decided applications were denied in 2024, against 21.5% across Indiana and 24.3% nationally.
How many mortgages were originated in Montgomery County in 2024?
943 loans totalling $173m, from 1,459 applications; 60.4 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 18107; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.