States › Indiana
Indiana mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Indiana, with all 92 counties.
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. Record year 2024.
Indiana had 259,860 HMDA-reported mortgage applications and 162,760 originations ($35bn) in 2024, from 421 lenders with at least 25 applications in the state.
The statewide denial rate was 21.5% (national 24.3%) and the median rate spread 0.5 percentage points (national 0.3). Originations ran at 59.9 per 1,000 households, against 48.0 nationally.
Originations in the state went from 176,304 in 2018 to 162,760 in 2024; the denial rate moved from 21.2% to 21.5%.
The most active lenders by originations were Rocket Mortgage (8,262), Ruoff Mortgage Company (6,395) and United Wholesale Mortgage (4,699).
Most active lenders in Indiana
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 11,102 | 8,262 | $1.5bn | 18.3% | 0.6 |
| 2 | Ruoff Mortgage Company | 8,393 | 6,395 | $1.4bn | 5.1% | 0.5 |
| 3 | United Wholesale Mortgage | 6,134 | 4,699 | $1.2bn | 12.0% | 0.3 |
| 4 | Fifth Third Bank, National Association | 6,642 | 3,823 | $543m | 31.2% | 1.0 |
| 5 | Fairway Independent Mort Corp | 4,433 | 3,495 | $779m | 3.9% | 0.7 |
| 6 | First Merchants Bank | 5,059 | 3,239 | $502m | 22.9% | 0.1 |
| 7 | Gvc Mortgage, Inc. | 3,815 | 3,145 | $758m | 2.1% | 0.6 |
| 8 | Huntington National Bank | 5,223 | 2,791 | $516m | 36.6% | 0.7 |
| 9 | PNC Bank N.A. | 4,752 | 2,733 | $356m | 30.2% | 0.9 |
| 10 | Old National Bank | 4,189 | 2,658 | $561m | 28.8% | -0.5 |
| 11 | First Financial Bank | 4,073 | 2,618 | $370m | 30.7% | 0.5 |
| 12 | Three Rivers Federal Crediit U | 3,398 | 2,483 | $408m | 16.8% | 0.7 |
| 13 | JPMorgan Chase Bank, NA | 3,619 | 2,403 | $579m | 12.7% | 0.2 |
| 14 | Indiana Members Credit Union | 3,518 | 2,284 | $294m | 18.2% | -3.0 |
| 15 | Mortgage Research Center | 3,943 | 2,186 | $544m | 22.4% | -0.1 |
| 16 | Everwise Credit Union | 3,229 | 2,150 | $256m | 22.1% | 0.4 |
| 17 | Freedom Mortgage Corporation | 4,124 | 2,090 | $501m | 16.9% | 0.5 |
| 18 | Newrez LLC | 4,706 | 2,071 | $440m | 25.4% | 0.6 |
| 19 | German American Bank | 2,629 | 1,996 | $322m | 15.5% | -3.0 |
| 20 | Centra Credit Union | 2,451 | 1,956 | $220m | 8.7% | -0.1 |
| 21 | Lennar Mortgage, LLC | 2,718 | 1,917 | $648m | 19.4% | -0.9 |
| 22 | Horizon Bank | 2,749 | 1,835 | $309m | 26.5% | 0.4 |
| 23 | Centier Bank | 2,794 | 1,828 | $410m | 23.2% | 1.1 |
| 24 | Hallmark Home Mortgage, LLC | 2,248 | 1,807 | $399m | 4.4% | 0.7 |
| 25 | 1st Source Bank | 2,490 | 1,702 | $291m | 19.3% | 0.5 |
| 26 | Lake City Bank | 2,179 | 1,696 | $324m | 13.3% | 0.5 |
| 27 | Liberty Federal Credit Union | 2,059 | 1,617 | $244m | 9.6% | 1.0 |
| 28 | Crosscountry Mortgage, LLC | 2,569 | 1,602 | $421m | 4.3% | 0.7 |
| 29 | Union Home Mortgage Corp. | 1,800 | 1,435 | $348m | 4.5% | 0.7 |
| 30 | Vanderbilt Mortgage and Finance, Inc | 2,519 | 1,359 | $399m | 25.5% | -0.2 |
| 31 | Mjw Financial LLC DBA Mjw Mortgage | 1,658 | 1,258 | $368m | 2.6% | 0.4 |
| 32 | Loandepot.com, LLC | 2,517 | 1,244 | $212m | 37.2% | 0.8 |
| 33 | Guaranteed Rate, Inc. | 1,911 | 1,213 | $306m | 9.8% | 0.4 |
| 34 | FORUM Credit Union | 1,875 | 1,205 | $200m | 17.2% | 0.2 |
| 35 | Union Savings Bank | 1,489 | 1,190 | $298m | 5.2% | 0.3 |
| 36 | Elements Financial Federal Cre | 1,602 | 1,164 | $263m | 14.2% | -0.1 |
| 37 | DHI Mortgage Company, LTD. | 1,677 | 1,150 | $364m | 17.2% | -1.0 |
| 38 | Interra Credit Union | 1,655 | 1,142 | $175m | 18.0% | 0.3 |
| 39 | Purdue Federal Cu | 1,385 | 1,090 | $209m | 15.1% | 0.1 |
| 40 | Nationstar Mortgage | 1,676 | 1,084 | $162m | 18.4% | 1.3 |
| 41 | Guild Mortgage Company | 1,404 | 1,076 | $239m | 7.5% | 0.5 |
| 42 | Notre Dame Federal Credit Union | 1,463 | 1,023 | $147m | 23.4% | 0.4 |
| 43 | BMO Harris Bank NA | 1,992 | 996 | $146m | 37.9% | 0.9 |
| 44 | Pennymac Loan Services LLC | 2,115 | 972 | $221m | 20.8% | 0.2 |
| 45 | Regions Bank | 2,045 | 968 | $157m | 42.0% | 0.6 |
| 46 | Discover Bank | 5,059 | 939 | $70m | 72.6% | 2.6 |
| 47 | New American Funding, LLC. | 2,606 | 934 | $176m | 24.9% | 1.1 |
| 48 | Indiana University CU | 1,250 | 915 | $228m | 16.4% | 0.4 |
| 49 | Navy Federal Credit Union | 1,738 | 886 | $174m | 28.0% | 0.3 |
| 50 | First Financial Bank, NA | 1,254 | 845 | $127m | 22.1% | 0.4 |
| 51 | First Federal Savings Bank | 978 | 838 | $166m | 6.0% | 0.9 |
| 52 | Mortgage Masters of Indiana Inc | 936 | 823 | $173m | 3.9% | 0.4 |
| 53 | Cardinal Financial Company, Li | 920 | 802 | $151m | 4.4% | 1.0 |
| 54 | STAR Financial Bank | 1,433 | 800 | $122m | 29.5% | 1.9 |
| 55 | Profed Federal Credit Union | 1,140 | 762 | $89m | 22.7% | 0.4 |
| 56 | First Farmers Bank & Trust | 1,066 | 747 | $162m | 16.6% | 0.4 |
| 57 | Figure Lending LLC | 1,519 | 742 | $40m | 30.7% | 5.2 |
| 58 | Flagstar Bank NA | 1,367 | 707 | $124m | 33.9% | 0.7 |
| 59 | Stockton Mortgage Corporation | 1,022 | 706 | $149m | 6.3% | 0.6 |
| 60 | CMG Mortgage Inc | 1,029 | 698 | $162m | 6.3% | 0.7 |
Top 60 of 421 lenders with at least 25 applications in the state, by originations. 252 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Indiana | United States |
|---|---|---|
| Denial rate | 21.5% | 24.3% |
| Median rate spread, pp | 0.5 | 0.3 |
| Originations with spread of 1.5 pp or more | 15.8% | 15.6% |
| Average originated loan | $216k | $329k |
| Originations per 1,000 households | 59.9 | 48.0 |
| Home purchase share of originations | 53.1% | 57.0% |
| FHA-insured share | 14.5% | 13.4% |
| VA-guaranteed share | 6.0% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
IndianaUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 275,928 | 176,304 | $28bn | 21.2% | 15.6% | 5.7% | 28.7% |
| 2019 | 315,669 | 206,797 | $36bn | 18.4% | 14.8% | 6.8% | 38.0% |
| 2020 | 463,070 | 317,592 | $61bn | 13.6% | 11.2% | 7.0% | 58.3% |
| 2021 | 468,620 | 318,020 | $62bn | 14.6% | 11.6% | 6.3% | 55.5% |
| 2022 | 320,013 | 203,706 | $43bn | 19.3% | 12.0% | 4.8% | 31.5% |
| 2023 | 238,229 | 147,661 | $31bn | 22.1% | 14.0% | 4.7% | 22.7% |
| 2024 | 259,860 | 162,760 | $35bn | 21.5% | 14.5% | 6.0% | 26.4% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 53% (86,417)Home improvement 10% (16,249)Refinancing 12% (19,378)Cash-out refinancing 14% (23,512)Other purpose 10% (16,938)
By type
Conventional 79% (127,793)FHA 15% (23,633)VA 6% (9,714)USDA 1% (1,620)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Marion County | 36,114 | 20,959 | 52.3 | 24.7% | 0.5 | 150 |
| Hamilton County | 17,313 | 11,491 | 83.7 | 16.4% | 0.3 | 96 |
| Lake County | 18,057 | 10,802 | 55.4 | 24.1% | 0.6 | 99 |
| Allen County | 15,187 | 9,877 | 63.1 | 19.1% | 0.5 | 79 |
| St. Joseph County | 9,987 | 6,370 | 59.4 | 21.4% | 0.5 | 55 |
| Hendricks County | 8,425 | 5,385 | 80.2 | 20.2% | 0.4 | 67 |
| Johnson County | 8,331 | 5,123 | 81.9 | 22.7% | 0.3 | 64 |
| Elkhart County | 7,079 | 4,517 | 62.5 | 21.7% | 0.5 | 49 |
| Porter County | 6,890 | 4,334 | 63.1 | 19.9% | 0.6 | 58 |
| Vanderburgh County | 5,895 | 3,895 | 49.8 | 18.4% | 0.5 | 43 |
| Tippecanoe County | 5,797 | 3,831 | 50.5 | 19.0% | 0.4 | 44 |
| Clark County | 5,603 | 3,593 | 70.1 | 20.5% | 0.4 | 58 |
| Madison County | 5,695 | 3,444 | 64.5 | 22.7% | 0.6 | 51 |
| Hancock County | 4,390 | 2,820 | 84.2 | 19.1% | 0.3 | 48 |
| Boone County | 3,799 | 2,568 | 89.4 | 17.1% | 0.2 | 41 |
| Delaware County | 3,969 | 2,446 | 52.9 | 21.8% | 0.6 | 35 |
| LaPorte County | 3,975 | 2,408 | 55.2 | 24.0% | 0.6 | 40 |
| Monroe County | 3,660 | 2,381 | 40.2 | 18.2% | 0.3 | 30 |
| Floyd County | 3,406 | 2,290 | 71.8 | 17.1% | 0.3 | 36 |
| Kosciusko County | 3,434 | 2,290 | 71.7 | 19.8% | 0.6 | 31 |
| Howard County | 3,552 | 2,249 | 63.2 | 19.9% | 0.7 | 35 |
| Bartholomew County | 3,317 | 2,246 | 67.3 | 17.6% | 0.3 | 26 |
| Morgan County | 3,637 | 2,212 | 78.2 | 23.0% | 0.5 | 39 |
| Vigo County | 3,296 | 2,099 | 49.5 | 22.0% | 0.6 | 22 |
| Warrick County | 2,568 | 1,744 | 69.3 | 17.4% | 0.5 | 19 |
| Dearborn County | 1,889 | 1,198 | 59.1 | 21.7% | 0.5 | 18 |
| DeKalb County | 1,828 | 1,180 | 69.0 | 21.0% | 0.6 | 22 |
| Wayne County | 1,893 | 1,176 | 43.6 | 22.5% | 0.6 | 14 |
| Grant County | 1,965 | 1,162 | 43.4 | 24.6% | 0.7 | 16 |
| Shelby County | 1,840 | 1,126 | 61.0 | 22.1% | 0.5 | 19 |
| Henry County | 1,857 | 1,120 | 60.1 | 22.9% | 0.7 | 18 |
| Noble County | 1,717 | 1,108 | 60.9 | 21.5% | 0.6 | 17 |
| Marshall County | 1,536 | 1,047 | 59.0 | 18.3% | 0.6 | 13 |
| Lawrence County | 1,647 | 1,026 | 53.6 | 21.8% | 0.5 | 15 |
| Harrison County | 1,636 | 982 | 63.4 | 24.5% | 0.4 | 16 |
| Jackson County | 1,440 | 966 | 53.3 | 19.9% | 0.4 | 12 |
| Putnam County | 1,516 | 959 | 67.8 | 20.7% | 0.6 | 20 |
| Whitley County | 1,422 | 959 | 68.4 | 18.1% | 0.6 | 12 |
| Montgomery County | 1,459 | 943 | 60.4 | 19.7% | 0.6 | 14 |
| LaGrange County | 1,299 | 917 | 71.1 | 16.6% | 0.4 | 9 |
| Huntington County | 1,312 | 838 | 54.4 | 20.6% | 0.6 | 13 |
| Steuben County | 1,329 | 838 | 59.6 | 20.9% | 0.6 | 11 |
| Clinton County | 1,260 | 816 | 65.3 | 20.5% | 0.6 | 8 |
| Jefferson County | 1,276 | 799 | 62.5 | 24.0% | 0.4 | 12 |
| Wells County | 1,247 | 798 | 69.1 | 21.4% | 0.5 | 15 |
| Adams County | 1,086 | 775 | 62.5 | 17.4% | 0.6 | 10 |
| Jasper County | 1,194 | 775 | 60.8 | 20.8% | 0.7 | 8 |
| Cass County | 1,089 | 705 | 46.9 | 20.0% | 0.7 | 9 |
| Dubois County | 1,012 | 682 | 38.8 | 19.3% | 0.3 | 7 |
| Miami County | 1,080 | 669 | 50.2 | 22.5% | 0.5 | 8 |
| Gibson County | 1,108 | 663 | 49.3 | 23.2% | 0.6 | 9 |
| Greene County | 1,130 | 662 | 50.5 | 25.8% | 0.5 | 10 |
| Wabash County | 953 | 636 | 50.2 | 18.3% | 0.6 | 8 |
| Jennings County | 1,047 | 626 | 57.2 | 25.1% | 0.5 | 10 |
| Decatur County | 893 | 607 | 56.7 | 18.4% | 0.6 | 9 |
| Scott County | 1,030 | 597 | 60.6 | 24.4% | 0.5 | 10 |
| White County | 970 | 592 | 57.7 | 21.3% | 0.6 | 8 |
| Washington County | 1,018 | 589 | 52.5 | 27.9% | 0.5 | 11 |
| Knox County | 960 | 586 | 38.6 | 24.4% | 0.5 | 9 |
| Posey County | 852 | 577 | 54.8 | 20.7% | 0.6 | 9 |
| Starke County | 921 | 562 | 62.6 | 22.1% | 0.7 | 8 |
| Daviess County | 777 | 528 | 44.7 | 19.4% | 0.3 | 5 |
| Clay County | 830 | 524 | 49.7 | 23.0% | 0.6 | 7 |
| Carroll County | 874 | 512 | 63.3 | 24.9% | 0.6 | 9 |
| Ripley County | 808 | 507 | 44.0 | 21.0% | 0.5 | 8 |
| Brown County | 795 | 496 | 73.1 | 19.7% | 0.4 | 4 |
| Fayette County | 830 | 495 | 52.5 | 26.0% | 0.7 | 9 |
| Owen County | 794 | 490 | 56.9 | 20.9% | 0.5 | 5 |
| Franklin County | 713 | 471 | 51.1 | 19.8% | 0.5 | 5 |
| Fulton County | 776 | 459 | 57.0 | 28.4% | 0.6 | 9 |
| Randolph County | 695 | 418 | 40.3 | 24.8% | 0.6 | 7 |
| Spencer County | 622 | 416 | 51.5 | 19.5% | 0.4 | 7 |
| Perry County | 605 | 415 | 53.5 | 19.1% | 0.4 | 4 |
| Tipton County | 615 | 392 | 62.6 | 22.3% | 0.6 | 4 |
| Sullivan County | 634 | 377 | 48.1 | 26.5% | 0.7 | 5 |
| Rush County | 627 | 363 | 53.8 | 25.1% | 0.7 | 3 |
| Jay County | 538 | 349 | 44.7 | 23.4% | 0.6 | 4 |
| Newton County | 509 | 348 | 60.8 | 18.8% | 0.8 | 3 |
| Fountain County | 575 | 327 | 47.1 | 27.9% | 0.8 | 4 |
| Orange County | 569 | 327 | 41.0 | 26.9% | 0.6 | 2 |
| Vermillion County | 532 | 327 | 49.6 | 22.9% | 0.8 | 4 |
| Pike County | 448 | 277 | 55.2 | 22.8% | 0.5 | 2 |
| Parke County | 445 | 274 | 44.6 | 25.3% | 0.6 | 5 |
| Pulaski County | 383 | 225 | 45.5 | 25.8% | 0.9 | 3 |
| Crawford County | 375 | 222 | 48.5 | 27.6% | 0.5 | 2 |
| Blackford County | 352 | 214 | 41.4 | 25.5% | 0.7 | 1 |
| Switzerland County | 335 | 210 | 54.2 | 19.4% | 0.6 | 2 |
| Benton County | 304 | 192 | 55.6 | 21.7% | 0.6 | 1 |
| Warren County | 303 | 188 | 56.0 | 22.6% | 0.7 | 1 |
| Martin County | 261 | 159 | 40.7 | 21.5% | 0.2 | 2 |
| Union County | 234 | 155 | 52.7 | 19.3% | 0.6 | 2 |
| Ohio County | 198 | 125 | 47.7 | 21.8% | 0.7 | 1 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Indiana originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Indiana?
By 2024 originations: Rocket Mortgage (8,262), Ruoff Mortgage Company (6,395), United Wholesale Mortgage (4,699), Fifth Third Bank, National Association (3,823), Fairway Independent Mort Corp (3,495). 421 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Indiana?
21.5% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Indiana changed since 2018?
Originations went from 176,304 in 2018 to 162,760 in 2024; the denial rate moved from 21.2% to 21.5%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.