Indiana’s FHA denial rate in 2025 was 22.4% across 34,820 decisioned applications — ranking #24 of 52 states. Among high-volume lenders, the lowest observed denial rate was Gvc Mortgage, Inc. at 5.7%; the highest was Amerisave Mortgage Company at 74.8%. The institutional spread inside Indiana is 13.1×: the same FHA application faces a 5.7% observed denial rate at one high-volume door and 74.8% at another — two real endpoints of the federal record, same state, same program. Source: complete CFPB HMDA 2025 federal record.
Cells require 100+ decisioned applications. Sorted softest first. Observed rates — not endorsements.
| Lender | Indiana FHA apps | Denial rate |
|---|---|---|
| Gvc Mortgage, Inc. | 776 | 5.7% |
| Ruoff Mortgage Company | 2,076 | 7.8% |
| Crosscountry Mortgage, LLC | 729 | 8.8% |
| Fairway Independent Mort Corp | 940 | 11.5% |
| Freedom Mortgage Corporation | 1,913 | 18.0% |
| Pennymac Loan Services LLC | 1,005 | 19.8% |
| United Wholesale Mortgage | 2,125 | 22.5% |
| Dhi Mortgage Company, Ltd. | 645 | 23.3% |
| Rocket Mortgage | 3,240 | 30.2% |
| New American Funding, LLC. | 755 | 30.5% |
| Lennar Mortgage, LLC | 576 | 30.6% |
| Loandepot.Com LLC | 847 | 40.4% |
| Newrez LLC | 945 | 46.1% |
| Carrington Mortgage Services LLC | 836 | 51.0% |
| Amerisave Mortgage Company | 808 | 74.8% |
Applications under $150K were denied 32.6% of the time versus 17.7% for loans of $250K+ — a 1.8× penalty on the smallest loans. National context: the small-loan penalty.
The Home Mortgage Disclosure Act requires every U.S. mortgage lender to report every application — outcome, amount, and denial reason — to federal regulators annually. It is government-verified, covers all lenders equally, and cannot be gamed. These tables are processed directly from that record.
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