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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Indiana

Fat Boy Data analyzed home improvement loan 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. 48,192 applications were decided by 308 lenders between 2023 and 2025.

Indiana at a glance

308Active lenders105 with 20+ decisions
67.0%Market approval rate32,313 of 48,192 decided
$55KTypical loanmedian lender, $10K brackets
94%Borrower take-up30,532 loans funded

How Indiana compares

Approval rate compared
Indiana67.0%All 616 counties62.7%
Typical loan compared
Indiana$55KAll 616 counties$75K

What the data shows

Fifth Third Bank, National Association made the most home improvement loans in Indiana, 2,232 of them.

Union Savings Bank approved the highest share of applications among lenders with at least 20 decisions here, 98% of 570.

The typical home improvement loan here is $55K, 27% smaller than the the United States typical of $75K.

Only 3 lenders here typically write at or below $35K: 1st Source Bank, Union Savings Bank, Heritage Federal Credit Union.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%U.S. Bank National Association: 30% approved of 864Discover Bank: 31% approved of 1,299Bank of America, National Association: 33% approved of 983Truist Bank: 39% approved of 96Fourleaf: 42% approved of 110Spring Eq, LLC: 45% approved of 559Pentagon Federal Credit Union: 46% approved of 139Alliant Credit Union: 47% approved of 103Flagstar Bank, National Association: 48% approved of 239Regions Bank: 49% approved of 1,101The Huntington National Bank: 51% approved of 3,743BMO Bank National Association: 56% approved of 1,187KeyBank National Association: 56% approved of 231Third Federal Savings And Loan Association Of Cleveland: 57% approved of 227Loandepot.Com, LLC: 59% approved of 100Navy Federal Credit Union: 60% approved of 529First Merchants Bank: 60% approved of 858New American Funding, LLC: 61% approved of 110United Federal Credit Union: 61% approved of 242Old National Bank: 62% approved of 1,753Fifth Third Bank, National Association: 62% approved of 3,760Citizens Bank, National Association: 62% approved of 323First Financial Bank: 63% approved of 839PNC Bank, National Association: 64% approved of 2,789Stock Yards Bank & Trust Company: 66% approved of 129Financial Center First Credit Union: 67% approved of 246Figure Lending LLC: 68% approved of 767Horizon Bank: 68% approved of 2,167Centier Bank: 69% approved of 2,818Rocket Mortgage, LLC: 69% approved of 154Heritage Federal Credit Union: 70% approved of 150Peoples Bank: 72% approved of 1101st Source Bank: 73% approved of 1,135STAR Financial Bank: 73% approved of 837Northwest Bank: 73% approved of 250First Financial Bank, National Association: 74% approved of 519Interra Credit Union: 76% approved of 699Everwise Credit Union: 76% approved of 1,672German American Bank: 78% approved of 335Indiana Members Credit Union: 78% approved of 2,056Regional Federal Credit Union: 81% approved of 285Inova: 82% approved of 341Midwest America Federal Credit Union: 82% approved of 223Elements Financial Federal Credit Union: 83% approved of 904Nationstar Mortgage LLC: 83% approved of 206Notre Dame Federal Credit Union Corporation: 83% approved of 812Purdue Federal Credit Union: 84% approved of 811JPMorgan Chase Bank, National Association: 84% approved of 274Forum: 84% approved of 948Madison County Federal Credit Union: 86% approved of 161Three Rivers Federal Credit Union: 87% approved of 1,303Liberty Credit Union: 89% approved of 307PARTNERS 1ST Federal Credit Union: 90% approved of 132Centra Credit Union: 92% approved of 302Lendage, LLC: 92% approved of 115Indiana University Credit Union: 93% approved of 260First Federal Savings Bank: 94% approved of 222TECH Credit Union: 96% approved of 632Union Savings Bank: 98% approved of 570Coastal Community Bank: 99% approved of 367

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

Home improvement loan lenders in Indiana

LenderApprovalApprovedTaken upTypical loanLoans made
1Fifth Third Bank, National Association62%2,339 / 3,76095%$55K2,232
2The Huntington National Bank51%1,893 / 3,74394%$75K1,785
3Centier Bank69%1,955 / 2,81892%$55K1,800
4PNC Bank, National Association64%1,786 / 2,78997%$65K1,731
5Horizon Bank68%1,464 / 2,16796%$65K1,405

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 303 more lenders.

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Other lending data for Indiana

Counties in Indiana