Elkhart County
Indiana · FIPS 18039
According to CFPB HMDA 2024 application volume among U.S. counties, Elkhart County ranks #366 of 3,210, and #9 of 92 in Indiana.
Mortgage lending activity in Elkhart County, Indiana based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Elkhart County, Indiana saw 7,729 HMDA-reported mortgage applications in 2024. Lenders originated 4,517 of those loans and denied 1,328, producing a denial rate of 17.2% and an approval (origination) rate of 58.4%. The average loan amount was $170,232 at an average note rate of 7.26%, with applicants self-reporting average annual income of $36K. 187 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 4.7x, meaning typical borrowers took on mortgages of about 4.7 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Elkhart County
In Elkhart County, lead originator Interra Credit Union funded 14.0% of 4,517 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 27.0% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Elkhart County's 7,729 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Elkhart County's $170,232 average loan (deduped against volume peers).
Lenders active in Elkhart County
Interra Credit Union funded 634 of the 4,517 loans originated in Elkhart County, 14.0% of the county. 187 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Interra Credit Union | 634 | 14.0% |
| 2 | Cardinal Financial Company, Li | 326 | 7.2% |
| 3 | Lake City Bank | 261 | 5.8% |
| 4 | Rocket Mortgage | 247 | 5.5% |
| 5 | Ruoff Mortgage Company | 187 | 4.1% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Elkhart County borrowers.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This Elkhart County page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.