Elkhart-Goshen
Metropolitan Statistical Area · MSA Code 21140
According to CFPB HMDA 2024 application volume among tracked metros, Elkhart-Goshen ranks #248 of 418.
Mortgage lending activity in the Elkhart-Goshen metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Elkhart-Goshen Metropolitan Statistical Area (MSA code 21140) recorded 7,729 HMDA-reported mortgage applications in 2024. Lenders originated 4,517 of those and denied others at a rate of 17.2%, for an approval (origination) rate of 58.4%. The average loan amount across the MSA was $170,232 at an average note rate of 7.26%. 20 major lenders are tracked for this metro - Interra Credit Union, Cardinal Financial Company, Li, Lake City Bank lead by origination volume. Among the 418 metros tracked, Elkhart-Goshen ranks #243 by denial rate (the 42nd percentile for approval-friendliness), and shares its 5-point denial-rate band with 241 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Elkhart-Goshen denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 17.2% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $170,232 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Elkhart-Goshen
In Elkhart-Goshen, lead originator Interra Credit Union funded 14.0% of 4,517 originated loans, above the fleet's upper tercile (~12.8% top-1). The top three reporters together hold 27.0% of the book, so a handful of names dominate disclosed volume here.
Metros With a Similar Denial Rate
The metro areas closest to Elkhart-Goshen's 17.2% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Elkhart-Goshen's 7,729 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Elkhart-Goshen's $170,232 average loan (deduped against denial and volume peers).
Lenders active in the Elkhart-Goshen metro
Interra Credit Union funded 634 of the 4,517 loans originated here, 14.0% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Interra Credit Union | 634 | 955 | $137,052 | 14.0% |
| 2 | Cardinal Financial Company, Li | 326 | 382 | $198,560 | 7.2% |
| 3 | Lake City Bank | 261 | 328 | $183,201 | 5.8% |
| 4 | Rocket Mortgage | 247 | 331 | $182,492 | 5.5% |
| 5 | Ruoff Mortgage Company | 187 | 249 | $215,482 | 4.1% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. Metropolitan Statistical Areas defined by the U.S. Office of Management and Budget (OMB).
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Elkhart-Goshen 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-Goshen 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.