Indiana Mortgage Lending
898 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 292,796 HMDA-reported mortgage applications in Indiana in 2024, originating 162,462 loans and denying 46,513. That puts the statewide denial rate at 15.9% and the approval (origination) rate at 55.5%. The average loan amount across Indiana was $205,459 at an average note rate of 7.17%. 898 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 92 counties and 16 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 64.0% and denial rate of 15.9%; while Black or African American applicants had an approval rate of 49.1% and denial rate of 26.1%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Marion County, Lake County, Hamilton County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Indiana
Top HMDA-reporting lenders active in Indiana. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | ROCKET MORTGAGE | 8,262 | 5.1% |
| 2 | Ruoff Mortgage Company | 6,395 | 3.9% |
| 3 | United Wholesale Mortgage | 4,699 | 2.9% |
| 4 | Fifth Third Bank, National Association | 3,823 | 2.4% |
| 5 | FAIRWAY INDEPENDENT MORT CORP | 3,495 | 2.2% |
Lending by Race in Indiana
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 196,396 | 64.0% | 15.9% |
| Black or African American | 17,913 | 49.1% | 26.1% |
| Asian | 8,523 | 58.2% | 18.3% |
| Joint | 3,762 | 65.0% | 14.0% |
| American Indian or Alaska Native | 1,217 | 48.6% | 30.7% |
| 2 or more minority races | 476 | 43.1% | 33.2% |
| Native Hawaiian or Other Pacific Islander | 306 | 40.2% | 33.7% |
Counties in Indiana
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Marion County | 41,562 | 20,907 | 17.2% | $215,912 |
| Lake County | 20,529 | 10,738 | 17.3% | $194,532 |
| Hamilton County | 19,705 | 11,455 | 11.8% | $333,756 |
| Allen County | 16,979 | 9,882 | 14.5% | $195,590 |
| St. Joseph County | 10,976 | 6,369 | 16.7% | $180,652 |
| Hendricks County | 9,686 | 5,374 | 14.5% | $249,274 |
| Johnson County | 9,575 | 5,085 | 16.4% | $248,672 |
| Porter County | 7,849 | 4,325 | 14.3% | $231,515 |
| Elkhart County | 7,729 | 4,517 | 17.2% | $170,232 |
| Vanderburgh County | 6,814 | 3,893 | 13.4% | $188,497 |
| Madison County | 6,495 | 3,441 | 16.4% | $164,626 |
| Tippecanoe County | 6,347 | 3,824 | 14.7% | $229,065 |
| Clark County | 6,335 | 3,581 | 15.0% | $210,927 |
| Hancock County | 5,144 | 2,811 | 13.4% | $328,649 |
| Delaware County | 4,444 | 2,444 | 16.3% | $128,679 |
| LaPorte County | 4,442 | 2,403 | 18.1% | $177,501 |
| Boone County | 4,363 | 2,555 | 12.4% | $356,412 |
| Morgan County | 4,118 | 2,208 | 16.7% | $204,983 |
| Howard County | 4,070 | 2,249 | 14.6% | $144,651 |
| Monroe County | 4,017 | 2,379 | 14.0% | $268,134 |
| Kosciusko County | 3,835 | 2,290 | 15.4% | $182,520 |
| Floyd County | 3,780 | 2,282 | 12.9% | $215,847 |
| Bartholomew County | 3,638 | 2,244 | 13.6% | $194,505 |
| Vigo County | 3,567 | 2,099 | 17.7% | $137,103 |
| Warrick County | 2,953 | 1,743 | 12.9% | $227,804 |
| Grant County | 2,169 | 1,162 | 18.9% | $124,876 |
| Dearborn County | 2,101 | 1,198 | 16.5% | $202,178 |
| Shelby County | 2,079 | 1,125 | 16.1% | $193,369 |
| Henry County | 2,072 | 1,118 | 16.9% | $141,433 |
| Wayne County | 2,066 | 1,176 | 17.7% | $129,027 |
| DeKalb County | 2,045 | 1,180 | 16.3% | $166,364 |
| Noble County | 1,906 | 1,108 | 16.8% | $160,803 |
| Lawrence County | 1,831 | 1,026 | 16.4% | $156,912 |
| Harrison County | 1,788 | 979 | 18.9% | $171,247 |
| Putnam County | 1,740 | 958 | 15.1% | $187,443 |
| Montgomery County | 1,701 | 940 | 14.1% | $174,465 |
| Marshall County | 1,635 | 1,047 | 15.1% | $158,303 |
| Jackson County | 1,616 | 965 | 15.2% | $170,130 |
| Whitley County | 1,577 | 959 | 14.2% | $168,526 |
| Steuben County | 1,495 | 838 | 15.7% | $198,619 |
| Huntington County | 1,446 | 837 | 16.0% | $147,061 |
| Jefferson County | 1,419 | 799 | 18.6% | $159,412 |
| Clinton County | 1,402 | 816 | 15.8% | $154,850 |
| Jasper County | 1,375 | 773 | 15.1% | $174,920 |
| Wells County | 1,361 | 798 | 16.8% | $148,755 |
| LaGrange County | 1,359 | 918 | 14.1% | $179,143 |
| Gibson County | 1,252 | 663 | 16.6% | $138,522 |
| Greene County | 1,243 | 662 | 19.9% | $152,112 |
| Miami County | 1,219 | 669 | 17.1% | $115,304 |
| Adams County | 1,210 | 775 | 14.0% | $139,223 |
| Cass County | 1,196 | 705 | 15.9% | $147,057 |
| Jennings County | 1,166 | 626 | 18.7% | $144,374 |
| Scott County | 1,160 | 596 | 17.2% | $144,940 |
| Washington County | 1,143 | 587 | 20.5% | $151,562 |
| Dubois County | 1,125 | 682 | 14.8% | $160,618 |
| White County | 1,079 | 592 | 15.3% | $160,959 |
| Knox County | 1,059 | 586 | 18.5% | $128,201 |
| Wabash County | 1,053 | 635 | 14.3% | $136,909 |
| Decatur County | 1,048 | 607 | 13.4% | $160,468 |
| Starke County | 1,020 | 562 | 16.9% | $149,167 |
| Posey County | 967 | 577 | 16.1% | $150,853 |
| Carroll County | 948 | 511 | 19.0% | $166,793 |
| Clay County | 904 | 524 | 18.4% | $132,389 |
| Ripley County | 901 | 507 | 15.8% | $166,643 |
| Fayette County | 900 | 495 | 20.4% | $125,967 |
| Owen County | 893 | 490 | 15.3% | $185,067 |
| Daviess County | 866 | 528 | 15.2% | $170,139 |
| Brown County | 859 | 494 | 14.7% | $236,618 |
| Fulton County | 827 | 458 | 23.5% | $130,671 |
| Franklin County | 772 | 471 | 15.9% | $181,179 |
| Randolph County | 753 | 418 | 19.4% | $121,082 |
| Spencer County | 713 | 416 | 14.6% | $170,863 |
| Perry County | 692 | 415 | 14.6% | $123,512 |
| Sullivan County | 692 | 377 | 20.8% | $130,838 |
| Rush County | 692 | 363 | 18.6% | $148,439 |
| Tipton County | 686 | 392 | 17.5% | $145,408 |
| Fountain County | 663 | 327 | 20.1% | $150,943 |
| Orange County | 622 | 326 | 19.8% | $139,341 |
| Jay County | 611 | 349 | 18.3% | $111,285 |
| Newton County | 602 | 348 | 13.8% | $166,047 |
| Vermillion County | 586 | 327 | 18.1% | $113,430 |
| Pike County | 502 | 277 | 17.1% | $134,960 |
| Parke County | 482 | 274 | 20.3% | $142,137 |
| Pulaski County | 418 | 224 | 20.1% | $152,584 |
| Crawford County | 414 | 221 | 21.3% | $143,696 |
| Blackford County | 394 | 214 | 19.3% | $116,878 |
| Switzerland County | 382 | 210 | 13.9% | $177,356 |
| Benton County | 377 | 193 | 14.6% | $140,305 |
| Warren County | 332 | 188 | 16.9% | $152,681 |
| Martin County | 281 | 159 | 16.7% | $141,797 |
| Union County | 249 | 155 | 15.3% | $141,586 |
| Ohio County | 219 | 125 | 16.4% | $177,009 |
Metro Areas in Indiana
Frequently Asked Questions
How many mortgage applications were filed in Indiana?
What is the mortgage denial rate in Indiana?
What is the average mortgage loan amount in Indiana?
How many mortgage lenders operate in Indiana?
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Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
