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cash-out refinance lenders · HMDA 2023–2025

Cash-out refinance lenders in Indiana

Fat Boy Data analyzed cash-out refinance activity in Indiana to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 60,266 applications were decided by 513 lenders between 2023 and 2025.

Indiana at a glance

513Active lenders168 with 20+ decisions
71.0%Market approval rate42,788 of 60,266 decided
$135KTypical loanmedian lender, $10K brackets
95%Borrower take-up40,662 loans funded

How Indiana compares

Approval rate compared
Indiana71.0%All 616 counties68.2%
Typical loan compared
Indiana$135KAll 616 counties$155K

What the data shows

Rocket Mortgage, LLC made the most cash-out refinances in Indiana, 7,855 of them.

Merchants Bank of Indiana approved the highest share of applications among lenders with at least 20 decisions here, 95% of 224.

The typical cash-out refinance here is $135K, 13% smaller than the the United States typical of $155K.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Mortgage Research Center, LLC: 20% approved of 730Amerisave Mortgage Corporation: 31% approved of 3,055Spring Eq, LLC: 41% approved of 164Lakeview Loan Servicing, LLC: 42% approved of 629New Day Financial, LLC: 43% approved of 914American Financing Corporation: 43% approved of 350Carrington Mortgage Services, LLC: 47% approved of 1,999Village Capital & Investment LLC: 52% approved of 313Newrez LLC: 53% approved of 2,203Wells Fargo Bank, National Association: 57% approved of 506KeyBank National Association: 59% approved of 270Mutual of Omaha Mortgage, Inc.: 60% approved of 592New American Funding, LLC: 61% approved of 624U.S. Bank National Association: 63% approved of 176Loandepot.Com, LLC: 63% approved of 1,877Navy Federal Credit Union: 63% approved of 238STAR Financial Bank: 66% approved of 847Prosperity Home Mortgage, LLC: 68% approved of 184Fifth Third Bank, National Association: 69% approved of 574Guaranteed Rate, Inc.: 70% approved of 164Forum: 70% approved of 291Freedom Mortgage Corporation: 71% approved of 1,987Horizon Bank: 71% approved of 192Onity Mortgage Corporation: 73% approved of 184Everwise Credit Union: 73% approved of 1,228Lower, LLC: 73% approved of 178First Financial Bank: 73% approved of 996Pennymac Loan Services, LLC: 74% approved of 904The Federal Savings Bank: 74% approved of 321GoodLeap, LLC: 74% approved of 1,385PNC Bank, National Association: 75% approved of 171United Wholesale Mortgage, LLC: 75% approved of 1,930Flagstar Bank, National Association: 76% approved of 385BMO Bank National Association: 76% approved of 914Rocket Mortgage, LLC: 78% approved of 10,2961st Source Bank: 78% approved of 370First Merchants Bank: 79% approved of 198Fairway Independent Mortgage Corporation: 79% approved of 221Indiana University Credit Union: 80% approved of 1,047The Huntington National Bank: 80% approved of 1,555Interra Credit Union: 81% approved of 159Three Rivers Federal Credit Union: 81% approved of 813Ruoff Mortgage Company, Inc.: 81% approved of 755Nationstar Mortgage LLC: 82% approved of 1,216Crane: 82% approved of 181PARTNERS 1ST Federal Credit Union: 84% approved of 280Top Flite Financial, Inc.: 84% approved of 208Indiana Members Credit Union: 84% approved of 1,627Cardinal Financial Company, Limited Partnership: 84% approved of 151Elements Financial Federal Credit Union: 84% approved of 549Northwest Bank: 85% approved of 221Lake City Bank: 85% approved of 551JPMorgan Chase Bank, National Association: 85% approved of 1,141Notre Dame Federal Credit Union Corporation: 87% approved of 871Crosscountry Mortgage, LLC: 88% approved of 356Union Savings Bank: 89% approved of 292Liberty Credit Union: 89% approved of 1,093Gvc Mortgage, Inc.: 93% approved of 210Reliance First Capital, LLC: 94% approved of 194Merchants Bank of Indiana: 95% approved of 224

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Cash-out refinance lenders in Indiana

LenderApprovalApprovedTaken upTypical loanLoans made
1Rocket Mortgage, LLC78%8,061 / 10,29697%$135K7,855
2Amerisave Mortgage Corporation31%958 / 3,05598%$85K939
3Newrez LLC53%1,176 / 2,20399%$105K1,162
4Carrington Mortgage Services, LLC47%942 / 1,99984%$155K791
5Freedom Mortgage Corporation71%1,406 / 1,98797%$195K1,358

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 508 more lenders.

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Other lending data for Indiana

Mortgage lenders in IndianaHome improvement loans in IndianaRefinance in IndianaInvestment property purchase in IndianaInvestment cash-out refinance in IndianaInvestment refinance in IndianaInvestment home improvement in Indiana

Counties in Indiana

Marion CountyCountyLake CountyCountyAllen CountyCountyHamilton CountyCountySt. Joseph CountyCountyElkhart CountyCountyTippecanoe CountyCountyVanderburgh CountyCountyHendricks CountyCountyPorter CountyCountyJohnson CountyCountyMonroe CountyCounty