Home›Indiana›Madison County›Refinance
refinance lenders · HMDA 2023–2025

Refinance lenders in Madison County, Indiana

Fat Boy Data analyzed mortgage refinance activity in Madison County, Indiana, home to Anderson, to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 1,477 applications were decided by 148 lenders between 2023 and 2025.

Madison County at a glance

148Active lenders15 with 20+ decisions
78.2%Market approval rate1,155 of 1,477 decided
$95KTypical loanmedian lender, $10K brackets
94%Borrower take-up1,087 loans funded

How Madison County compares

Approval rate compared
Madison County78.2%Indiana80.2%All 616 counties76.5%
Typical loan compared
Madison County$95KIndiana$145KAll 616 counties$295K

What the data shows

First Merchants Bank made the most mortgage refinances in Madison County, IN, 234 of them.

Freedom Mortgage Corporation approved the highest share of applications among lenders with at least 20 decisions here, 91% of 65.

The typical mortgage refinance here is $95K, 34% smaller than the Indiana typical of $145K.

Approval rate of all 15 lenders with 20+ decisions here
0%25%50%75%100%One lender: 39% approved of 28One lender: 61% approved of 41One lender: 67% approved of 30One lender: 71% approved of 34Rocket Mortgage, LLC: 72% approved of 75One lender: 74% approved of 43One lender: 75% approved of 24One lender: 76% approved of 33Royal United Mortgage LLC: 79% approved of 61One lender: 79% approved of 33First Merchants Bank: 79% approved of 304PNC Bank, National Association: 86% approved of 169One lender: 87% approved of 60One lender: 87% approved of 30Freedom Mortgage Corporation: 91% approved of 65

Each dot is one lender, placed at its approval rate. Hover for the sample size; the 5 largest lenders are named, the rest are behind the unlock.

Refinance lenders in Madison County

LenderApprovalApprovedTaken upTypical loanLoans made
1First Merchants Bank79%240 / 30498%$85K234
2PNC Bank, National Association86%145 / 16997%$75K141
3Rocket Mortgage, LLC72%54 / 7593%$165K50
4Freedom Mortgage Corporation91%59 / 6578%$185K46
5Royal United Mortgage LLC79%48 / 6196%$105K46

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

Fat Boy found 143 more lenders.

One email unlocks every lender Fat Boy found.

You are seeing the 5 largest mortgage refinance lenders in Madison County. Unlock the full market: every lender that decided one of these loans here, what they approved, how much borrowers took, and how close the nearest office is.

  • Every lender in the market
  • Approval rate and borrower take-up
  • Typical loan size and range
  • Nearest office and distance
  • Branch count and application options
  • How easy each lender is to reach

We email you the unlock link plus occasional updates on this market. We may also share your interest with mortgage providers so they can contact you.See how we use your data. Unsubscribe any time.

Also active in Madison County

Other lending data for Madison County

Nearby markets