Horizon Bank mortgage approval rate & lending review
Horizon Bank decided 6,831 mortgage applications and funded 4,872 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Horizon Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Horizon Bank at a glance
Approval is 0.5 points below the 74.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 82% | 1,883 / 2,294 | 96% | $195K | 1,808 |
| Home improvement loans | 67% | 1,728 / 2,565 | 96% | $65K | 1,658 |
| Cash-out refinance | 68% | 174 / 257 | 95% | $185K | 166 |
| Refinance | 75% | 1,012 / 1,343 | 96% | $105K | 973 |
| Investment property purchase | 87% | 150 / 173 | 97% | $165K | 146 |
| Investment cash-out refinance | 66% | 33 / 50 | 94% | $135K | 31 |
| Investment refinance | 84% | 62 / 74 | 97% | $225K | 60 |
| Investment home improvement | 41% | 31 / 75 | 97% | $115K | 30 |
Horizon Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Indiana | 75% | $105K | 5,448 | 3,895 |
| Michigan | 75% | $235K | 1,260 | 911 |
| Illinois | 69% | $285K | 49 | 31 |
| Florida | 68% | $275K | 28 | 19 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Horizon Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| LaPorte County, IN | Home improvement loans | 63% | 568 | 341 |
| LaPorte County, IN | Mortgage lenders | 78% | 420 | 312 |
| Porter County, IN | Mortgage lenders | 92% | 264 | 236 |
| LaPorte County, IN | Refinance | 75% | 304 | 219 |
| Marion County, IN | Home improvement loans | 62% | 313 | 187 |
| St. Joseph County, IN | Mortgage lenders | 90% | 211 | 181 |
| Hamilton County, IN | Home improvement loans | 83% | 198 | 160 |
| Porter County, IN | Home improvement loans | 76% | 212 | 153 |
| Johnson County, IN | Home improvement loans | 69% | 217 | 145 |
| Marion County, IN | Mortgage lenders | 72% | 192 | 133 |
| Kalamazoo County, MI | Mortgage lenders | 90% | 151 | 133 |
| Hamilton County, IN | Refinance | 82% | 152 | 122 |
The county markets where Horizon Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Horizon Bank
What is Horizon Bank's mortgage approval rate?
Horizon Bank approved 74.3% of the 6,831 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 0.5 points below the 74.7% national rate for the same mix of loan types.
How often do borrowers take the loan Horizon Bank offers?
Borrowers accepted 96% of the loans Horizon Bank approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Horizon Bank make?
The typical home improvement loan loan Horizon Bank made was $65K; across all loan types its typical loan ran from $65K to $225K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Horizon Bank lend?
Horizon Bank decided applications in 25 of the states Fat Boy Data covers, most of them in Indiana, Michigan and Illinois.
Can I apply to Horizon Bank directly?
Yes. Horizon Bank is a bank or credit union with 89 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Horizon Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Horizon Bank treats applications, then get a rate quote from the lender.