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Putnam 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.
Putnam County, Indiana, saw 1,516 HMDA-reported applications and 959 originations ($180m) in 2024.
That is 67.8 originations per 1,000 households, against 59.9 for Indiana and 48.0 nationally.
The county's denial rate was 20.7%, close to the state rate of 21.5%. The median rate spread on originated loans was 0.6 percentage points and 12.8% of originations were 1.5 points or more above the average prime offer rate.
20 lenders reached 25 applications in the county; the most active by originations were Ruoff Mortgage Company (117), Rocket Mortgage (62) and Everwise Credit Union (56).
Originations were up 17% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Ruoff Mortgage Company | 153 | 117 | $24m | 8.0% | — |
| 2 | Rocket Mortgage | 78 | 62 | $11m | 16.0% | — |
| 3 | Everwise Credit Union | 82 | 56 | $5.1m | 18.8% | — |
| 4 | North Salem State Bank | 47 | 45 | $8.0m | 0.0% | — |
| 5 | First National Bank | 46 | 39 | $6.1m | 2.5% | — |
| 6 | Wolfe Financial Inc | 46 | 35 | $8.0m | 2.8% | — |
| 7 | Huntington National Bank | 52 | 28 | $4.1m | 35.6% | — |
| 8 | PNC Bank N.A. | 43 | 26 | $3.9m | 29.7% | — |
| 9 | Old National Bank | 36 | 24 | $2.5m | 26.5% | — |
| 10 | Fairway Independent Mort Corp | 42 | 23 | $4.8m | 8.0% | — |
| 11 | Mortgage Research Center | 29 | 23 | $5.8m | — | — |
| 12 | Freedom Mortgage Corporation | 34 | 19 | $3.5m | — | — |
| 13 | First Financial Bank, NA | 32 | 19 | $1.9m | 30.0% | — |
| 14 | Gvc Mortgage, Inc. | 29 | 19 | $4.8m | — | — |
| 15 | United Wholesale Mortgage | 29 | 19 | $4.9m | — | — |
| 16 | Indiana Members Credit Union | 25 | 19 | $2.7m | — | — |
| 17 | Fifth Third Bank, National Association | 27 | 16 | $2.1m | — | — |
| 18 | Newrez LLC | 36 | 11 | $2.3m | — | — |
| 19 | Carrington Mortgage Services L | 29 | 8 | $1.1m | — | — |
| 20 | Discover Bank | 26 | 4 | $230k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 20. Denial rate is denials over decided applications in this county.
Compared with Indiana and the nation
| Measure | This county | Indiana | United States |
|---|---|---|---|
| Denial rate | 20.7% | 21.5% | 24.3% |
| Median rate spread, pp | 0.6 | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 12.8% | 15.8% | 15.6% |
| Average originated loan | $188k | $216k | $329k |
| Originations per 1,000 households | 67.8 | 59.9 | 48.0 |
| Home purchase share of originations | 53.7% | 53.1% | 57.0% |
| FHA-insured share | 19.1% | 14.5% | 13.4% |
| VA-guaranteed share | 8.4% | 6.0% | 7.9% |
Rate spread distribution
Share of 845 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 54% (515)Home improvement 12% (117)Refinancing 13% (125)Cash-out refinancing 15% (140)Other purpose 6% (62)
By type
Conventional 70% (668)FHA 19% (183)VA 8% (81)USDA 3% (27)
Trend by year
ApplicationsOriginations
This countyIndiana
Questions and answers
Which lenders are most active in Putnam County, IN?
By 2024 originations: Ruoff Mortgage Company (117), Rocket Mortgage (62), Everwise Credit Union (56), North Salem State Bank (45), First National Bank (39). 20 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Putnam County?
20.7% of decided applications were denied in 2024, against 21.5% across Indiana and 24.3% nationally.
How many mortgages were originated in Putnam County in 2024?
959 loans totalling $180m, from 1,516 applications; 67.8 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 18133; 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.