Old National Bank mortgage approval rate & lending review
Old National Bank decided 22,610 mortgage applications and funded 16,943 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Old National Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Old National Bank at a glance
Approval is 1.1 points below the 77.6% 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 | 87% | 8,328 / 9,566 | 99% | $265K | 8,259 |
| Home improvement loans | 62% | 3,577 / 5,755 | 97% | $75K | 3,452 |
| Cash-out refinance | 70% | 468 / 672 | 98% | $215K | 459 |
| Refinance | 74% | 3,774 / 5,115 | 97% | $125K | 3,651 |
| Investment property purchase | 84% | 651 / 774 | 98% | $255K | 639 |
| Investment cash-out refinance | 60% | 31 / 52 | 97% | $235K | 30 |
| Investment refinance | 85% | 410 / 483 | 97% | $185K | 398 |
| Investment home improvement | 29% | 56 / 193 | 98% | $105K | 55 |
Old National Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Indiana | 75% | $125K | 6,213 | 4,567 |
| Illinois | 67% | $125K | 6,172 | 4,023 |
| Michigan | 86% | $255K | 2,585 | 2,207 |
| Minnesota | 82% | $215K | 2,499 | 2,011 |
| Wisconsin | 78% | $235K | 1,890 | 1,437 |
| Tennessee | 84% | $415K | 1,274 | 1,055 |
| Kentucky | 81% | $215K | 698 | 559 |
| Florida | 87% | $425K | 208 | 178 |
| Iowa | 76% | $145K | 160 | 118 |
| Texas | 89% | $345K | 112 | 99 |
| Arizona | 83% | $615K | 75 | 61 |
| South Carolina | 88% | $335K | 64 | 56 |
| Colorado | 87% | $645K | 63 | 55 |
| Georgia | 88% | $335K | 48 | 40 |
| Missouri | 96% | $285K | 45 | 43 |
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 Old National Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Cook County, IL | Mortgage lenders | 78% | 1,006 | 772 |
| Marion County, IN | Mortgage lenders | 78% | 876 | 669 |
| Kent County, MI | Mortgage lenders | 95% | 596 | 566 |
| Cook County, IL | Home improvement loans | 52% | 989 | 494 |
| Cook County, IL | Refinance | 63% | 632 | 382 |
| Hennepin County, MN | Mortgage lenders | 90% | 401 | 361 |
| Davidson County, TN | Mortgage lenders | 94% | 377 | 353 |
| Washtenaw County, MI | Mortgage lenders | 97% | 281 | 272 |
| Vanderburgh County, IN | Mortgage lenders | 94% | 291 | 269 |
| Will County, IL | Home improvement loans | 58% | 420 | 242 |
| Will County, IL | Mortgage lenders | 85% | 267 | 225 |
| Dane County, WI | Mortgage lenders | 93% | 216 | 199 |
The county markets where Old National Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Old National Bank
What is Old National Bank's mortgage approval rate?
Old National Bank approved 76.5% of the 22,610 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 1.1 points below the 77.6% national rate for the same mix of loan types.
How often do borrowers take the loan Old National Bank offers?
Borrowers accepted 98% of the loans Old National Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Old National Bank make?
The typical home purchase mortgage loan Old National Bank made was $265K; across all loan types its typical loan ran from $75K to $265K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Old National Bank lend?
Old National Bank decided applications in 46 of the states Fat Boy Data covers, most of them in Indiana, Illinois and Michigan.
Can I apply to Old National Bank directly?
Yes. Old National Bank is a bank or credit union with 358 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Old National 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 Old National Bank treats applications, then get a rate quote from the lender.