Lender in Indiana · HMDA 2025
First Merchants Bank mortgages in Indiana
First Merchants Bank's 2025 home-purchase and refinance lending in Indiana, compared with all lenders in the state.
First Merchants Bank originated 984 owner-occupied single-family loans in Indiana from 1,110 completed applications, making it the state's #25 lender by volume.
Its median conventional purchase loan costs were $2,970 versus $3,350 for all Indiana lenders, at a median 30-year fixed rate of 6.50% (Indiana: 6.625%).
Loans in IN
984
of 1,110 applications
Denial rate
7.4%
Purchase · IN 7.4%
Rate spread
+0.22 pts
Conv. · IN +0.24 pts
Loan amount
$195,000
Purchase · IN $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 863 | 786 | 7.4% | 6.500% | +0.22 pts | $2,970 | $195,000 |
| Refinance | 146 | 121 | 17.1% | 6.000% | +0.05 pts | $2,890 | $155,000 |
| Cash-out refinance | 101 | 77 | 20.8% | 6.750% | +0.32 pts | $3,170 | $155,000 |
*Conventional loans only; medians with at least 20 loans.
Indiana counties where First Merchants Bank ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| White County | 2 | 26 | 7.8% |
| Allen County | 4 | 240 | 3.6% |
| Henry County | 4 | 42 | 6.1% |
| Warren County | 4 | 8 | 6.7% |
| Delaware County | 5 | 60 | 4.2% |
| Jasper County | 5 | 18 | 3.6% |
| Carroll County | 5 | 16 | 5.2% |
| Tippecanoe County | 6 | 121 | 4.9% |
| Jay County | 6 | 10 | 5.1% |
| Adams County | 7 | 16 | 3.7% |
| Benton County | 7 | 6 | 3.8% |
| Clinton County | 8 | 14 | 2.7% |
| Randolph County | 10 | 7 | 2.3% |
| Madison County | 11 | 59 | 2.8% |
| Wells County | 12 | 11 | 2.5% |
| Huntington County | 13 | 10 | 1.8% |
| Cass County | 13 | 8 | 1.7% |
| Blackford County | 14 | 3 | 2.2% |
| Wabash County | 15 | 6 | 1.4% |
| Miami County | 17 | 7 | 1.8% |
| Montgomery County | 18 | 8 | 1.3% |
| Tipton County | 24 | 3 | 1.2% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology