Lender in Indiana · HMDA 2025
Merchants Bank of Indiana mortgages in Indiana
Merchants Bank of Indiana's 2025 home-purchase and refinance lending in Indiana, compared with all lenders in the state.
Merchants Bank of Indiana originated 228 owner-occupied single-family loans in Indiana from 265 completed applications.
Its median conventional purchase loan costs were $2,670 versus $3,350 for all Indiana lenders, at a median 30-year fixed rate of 6.375% (Indiana: 6.625%).
Loans in IN
228
of 265 applications
Denial rate
12.3%
Purchase · IN 7.4%
Rate spread
−0.04 pts
Conv. · IN +0.24 pts
Loan amount
$225,000
Purchase · IN $245,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 227 | 195 | 12.3% | 6.375% | −0.04 pts | $2,670 | $225,000 |
| Refinance | 21 | 18 | 9.5% | — | — | — | — |
| Cash-out refinance | 17 | 15 | — | — | — | — | — |
*Conventional loans only; medians with at least 20 loans.
Indiana counties where Merchants Bank of Indiana ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Jay County | 18 | 3 | 1.6% |
| Wayne County | 21 | 8 | 1.0% |
| Randolph County | 25 | 3 | 1.0% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology