Horizon Bank Mortgage Lending & HMDA Data, 2025

In 2025, Horizon Bank of Michigan City, IN reported 4,059 mortgage applications totaling $835.5 million, up 1% from 2024. The average application was for $205,832, and applicants reported an average income of $146,741. 69% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (738), Michigan City-La Porte, IN (571) and Lake County-Porter County-Jasper County, IN (470) (applications in parentheses).

Mortgage Company & Address Horizon Bank
515 Franklin St
Michigan City, IN 46360
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 4,059
Total Mortgage Loan Application Amount $835,475,000
Average Mortgage Loan Application Amount $205,832
Highest Mortgage Loan Application Amount $18,865,000
Average Applicant Income $146,741
Highest Applicant Income $6,161,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Horizon Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Horizon Bank by County in 2025

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
LaPorte, Indiana 571 $ 84,685,000 $ 148,309 $ 116,000
Porter, Indiana 304 $ 71,750,000 $ 236,019 $ 170,000
Marion, Indiana 226 $ 38,830,000 $ 171,814 $ 153,000
Hamilton, Indiana 196 $ 42,570,000 $ 217,193 $ 247,000
Berrien, Michigan 188 $ 44,670,000 $ 237,606 $ 170,000
Johnson, Indiana 171 $ 26,895,000 $ 157,280 $ 134,000
Lake, Indiana 153 $ 42,805,000 $ 279,771 $ 124,000
St. Joseph, Indiana 135 $ 29,535,000 $ 218,777 $ 130,000
Kalamazoo, Michigan 121 $ 31,855,000 $ 263,264 $ 168,000
Allen, Indiana 119 $ 17,735,000 $ 149,033 $ 121,000
Tippecanoe, Indiana 118 $ 17,630,000 $ 149,406 $ 133,000
Wexford, Michigan 108 $ 16,120,000 $ 149,259 $ 115,000
Elkhart, Indiana 97 $ 15,905,000 $ 163,969 $ 111,000
Kent, Michigan 81 $ 26,795,000 $ 330,802 $ 155,000
Kosciusko, Indiana 73 $ 12,415,000 $ 170,068 $ 126,000
DeKalb, Indiana 51 $ 5,675,000 $ 111,274 $ 106,000
Cass, Indiana 48 $ 4,200,000 $ 87,500 $ 64,000
Mecosta, Michigan 48 $ 5,000,000 $ 104,166 $ 120,000
Howard, Indiana 46 $ 15,170,000 $ 329,782 $ 89,000
Missaukee, Michigan 46 $ 7,830,000 $ 170,217 $ 106,000
LaGrange, Indiana 44 $ 5,680,000 $ 129,090 $ 91,000
Grant, Indiana 41 $ 2,785,000 $ 67,926 $ 73,000
Hendricks, Indiana 41 $ 7,165,000 $ 174,756 $ 203,000
Bartholomew, Indiana 39 $ 4,645,000 $ 119,102 $ 136,000
St. Joseph, Michigan 36 $ 4,480,000 $ 124,444 $ 108,000
Midland, Michigan 35 $ 6,755,000 $ 193,000 $ 141,000
Boone, Indiana 33 $ 6,665,000 $ 201,969 $ 278,000
Allegan, Michigan 33 $ 11,515,000 $ 348,939 $ 243,000
Ottawa, Michigan 33 $ 9,865,000 $ 298,939 $ 221,000
Noble, Indiana 32 $ 3,310,000 $ 103,437 $ 100,000
Osceola, Michigan 32 $ 4,050,000 $ 126,562 $ 86,000
Roscommon, Michigan 32 $ 2,970,000 $ 92,812 $ 80,000
Whitley, Indiana 31 $ 3,135,000 $ 101,129 $ 91,000
Fountain, Indiana 30 $ 3,520,000 $ 117,333 $ 76,000
Cass, Michigan 29 $ 6,605,000 $ 227,758 $ 194,000
Oakland, Michigan 29 $ 35,175,000 $ 1,212,931 $ 439,000
Arenac, Michigan 27 $ 2,315,000 $ 85,740 $ 79,000
Carroll, Indiana 26 $ 3,500,000 $ 134,615 $ 100,000
Morgan, Indiana 26 $ 3,870,000 $ 148,846 $ 135,000
Van Buren, Michigan 26 $ 9,070,000 $ 348,846 $ 203,000
Newaygo, Michigan 23 $ 3,155,000 $ 137,173 $ 124,000
White, Indiana 22 $ 2,830,000 $ 128,636 $ 104,000
Otsego, Michigan 22 $ 6,420,000 $ 291,818 $ 92,000
Hancock, Indiana 18 $ 2,210,000 $ 122,777 $ 174,000
Ingham, Michigan 18 $ 5,490,000 $ 305,000 $ 197,000
Shiawassee, Michigan 17 $ 1,655,000 $ 97,352 $ 63,000
Starke, Indiana 13 $ 1,765,000 $ 135,769 $ 66,000
Saginaw, Michigan 13 $ 8,265,000 $ 635,769 $ 192,000
Cook, Illinois 12 $ 2,420,000 $ 201,666 $ 288,000
Marshall, Indiana 10 $ 1,610,000 $ 161,000 $ 126,000
Warren, Indiana 10 $ 1,020,000 $ 102,000 $ 108,000
Calhoun, Michigan 10 $ 2,450,000 $ 245,000 $ 119,000
Crawford, Michigan 10 $ 880,000 $ 88,000 $ 74,000
Wayne, Michigan 10 $ 2,370,000 $ 237,000 $ 186,000
Brown, Indiana 9 $ 1,235,000 $ 137,222 $ 134,000
Shelby, Indiana 9 $ 885,000 $ 98,333 $ 98,000
Clare, Michigan 9 $ 3,185,000 $ 353,888 $ 267,000
Clinton, Michigan 9 $ 895,000 $ 99,444 $ 330,000
Madison, Indiana 8 $ 790,000 $ 98,750 $ 118,000
Steuben, Indiana 8 $ 890,000 $ 111,250 $ 96,000
Jasper, Indiana 7 $ 1,055,000 $ 150,714 $ 133,000
Miami, Indiana 7 $ 675,000 $ 96,428 $ 72,000
Monroe, Indiana 7 $ 9,865,000 $ 1,409,285 $ 281,000
Charlevoix, Michigan 7 $ 2,045,000 $ 292,142 $ 187,000
Genesee, Michigan 7 $ 1,475,000 $ 210,714 $ 76,000
Washtenaw, Michigan 7 $ 16,835,000 $ 2,405,000 $ 663,000
Newton, Indiana 6 $ 1,040,000 $ 173,333 $ 149,000
Bay, Michigan 6 $ 5,270,000 $ 878,333 $ 399,000
Clinton, Indiana 5 $ 575,000 $ 115,000 $ 95,000
Antrim, Michigan 5 $ 525,000 $ 105,000 $ 121,000
Kalkaska, Michigan 5 $ 855,000 $ 171,000 $ 64,000
Lake, Michigan 5 $ 595,000 $ 119,000 $ 59,000
DuPage, Illinois 4 $ 1,070,000 $ 267,500 $ 331,000
Delaware, Indiana 4 $ 150,000 $ 37,500 $ 87,000
Jackson, Indiana 4 $ 190,000 $ 47,500 $ 119,000
Jennings, Indiana 4 $ 190,000 $ 47,500 $ 64,000
Pulaski, Indiana 4 $ 230,000 $ 57,500 $ 84,000
Wabash, Indiana 4 $ 150,000 $ 37,500 $ 63,000
Emmet, Michigan 4 $ 1,280,000 $ 320,000 $ 166,000
Manistee, Michigan 4 $ 990,000 $ 247,500 $ 143,000
Montcalm, Michigan 4 $ 700,000 $ 175,000 $ 236,000
Lee, Florida 3 $ 825,000 $ 275,000 $ 247,000
Will, Illinois 3 $ 385,000 $ 128,333 $ 236,000
Blackford, Indiana 3 $ 175,000 $ 58,333 $ 48,000
Henry, Indiana 3 $ 175,000 $ 58,333 $ 78,000
Huntington, Indiana 3 $ 265,000 $ 88,333 $ 134,000
Jay, Indiana 3 $ 55,000 $ 18,333 $ 63,000
Putnam, Indiana 3 $ 685,000 $ 228,333 $ 114,000
Vigo, Indiana 3 $ 335,000 $ 111,666 $ 93,000
Cheboygan, Michigan 3 $ 1,195,000 $ 398,333 $ 150,000
Grand Traverse, Michigan 3 $ 355,000 $ 118,333 $ 95,000
Iosco, Michigan 3 $ 285,000 $ 95,000 $ 116,000
Livingston, Michigan 3 $ 1,715,000 $ 571,666 $ 340,000
Macomb, Michigan 3 $ 1,285,000 $ 428,333 $ 137,000
Muskegon, Michigan 3 $ 695,000 $ 231,666 $ 72,000
Oceana, Michigan 3 $ 655,000 $ 218,333 $ 308,000
Presque Isle, Michigan 3 $ 305,000 $ 101,666 $ 101,000
Maricopa, Arizona 2 $ 1,150,000 $ 575,000 $ 277,000
Charlotte, Florida 2 $ 260,000 $ 130,000 $ 65,000
Muscogee, Georgia 2 $ 420,000 $ 210,000 $ 529,000
Jackson, Illinois 2 $ 350,000 $ 175,000 $ 148,000
Benton, Indiana 2 $ 210,000 $ 105,000 $ 45,000
Fulton, Indiana 2 $ 330,000 $ 165,000 $ 69,000
Montgomery, Indiana 2 $ 520,000 $ 260,000 $ 113,000
Randolph, Indiana 2 $ 100,000 $ 50,000 $ 115,000
Sullivan, Indiana 2 $ 130,000 $ 65,000 $ 37,000
Wells, Indiana 2 $ 130,000 $ 65,000 $ 49,000
Barry, Michigan 2 $ 330,000 $ 165,000 $ 270,000
Eaton, Michigan 2 $ 270,000 $ 135,000 $ 150,000
Gladwin, Michigan 2 $ 430,000 $ 215,000 $ 71,000
Ionia, Michigan 2 $ 420,000 $ 210,000 $ 82,000
Isabella, Michigan 2 $ 500,000 $ 250,000 $ 55,000
Ogemaw, Michigan 2 $ 520,000 $ 260,000 $ 316,000
Tuscola, Michigan 2 $ 680,000 $ 340,000 $ 73,000
Kern, California 1 $ 85,000 $ 85,000 $ 157,000
Riverside, California 1 $ 5,000 $ 5,000 $ 24,000
Gunnison, Colorado 1 $ 2,775,000 $ 2,775,000 $ 600,000
District of Columbia, District Of Columbia 1 $ 1,355,000 $ 1,355,000 $ 2,426,000
Collier, Florida 1 $ 5,005,000 $ 5,005,000 $ 6,161,000
Hillsborough, Florida 1 $ 245,000 $ 245,000 $ 275,000
Okaloosa, Florida 1 $ 645,000 $ 645,000 $ 403,000
Walton, Florida 1 $ 755,000 $ 755,000 $ 568,000
Wilkinson, Georgia 1 $ 45,000 $ 45,000 $ 145,000
DeKalb, Illinois 1 $ 345,000 $ 345,000 $ 107,000
Perry, Illinois 1 $ 65,000 $ 65,000 $ 40,000
Vermilion, Illinois 1 $ 75,000 $ 75,000 $ 107,000
Williamson, Illinois 1 $ 255,000 $ 255,000 $ 250,000
Clay, Indiana 1 $ 105,000 $ 105,000 $ 175,000
Dearborn, Indiana 1 $ 285,000 $ 285,000 $ 77,000
Decatur, Indiana 1 $ 35,000 $ 35,000 $ 56,000
Dubois, Indiana 1 $ 95,000 $ 95,000 $ 230,000
Fayette, Indiana 1 $ 65,000 $ 65,000 $ 119,000
Floyd, Indiana 1 $ 245,000 $ 245,000 $ 654,000
Franklin, Indiana 1 $ 55,000 $ 55,000 $ 106,000
Gibson, Indiana 1 $ 275,000 $ 275,000 $ 145,000
Lawrence, Indiana 1 $ 55,000 $ 55,000 $ 123,000
Parke, Indiana 1 $ 455,000 $ 455,000 $ 116,000
Tipton, Indiana 1 $ 25,000 $ 25,000 $ 84,000
Vermillion, Indiana 1 $ 75,000 $ 75,000 $ 21,000
Wayne, Indiana 1 $ 105,000 $ 105,000 $ 0
Calloway, Kentucky 1 $ 25,000 $ 25,000 $ 117,000
Jefferson, Kentucky 1 $ 105,000 $ 105,000 $ 108,000
Jessamine, Kentucky 1 $ 1,045,000 $ 1,045,000 $ 800,000
Madison, Kentucky 1 $ 85,000 $ 85,000 $ 0
Lafayette, Louisiana 1 $ 35,000 $ 35,000 $ 164,000
Alcona, Michigan 1 $ 255,000 $ 255,000 $ 116,000
Benzie, Michigan 1 $ 125,000 $ 125,000 $ 108,000
Chippewa, Michigan 1 $ 125,000 $ 125,000 $ 47,000
Leelanau, Michigan 1 $ 965,000 $ 965,000 $ 736,000
Marquette, Michigan 1 $ 275,000 $ 275,000 $ 79,000
Mason, Michigan 1 $ 675,000 $ 675,000 $ 272,000
Montmorency, Michigan 1 $ 85,000 $ 85,000 $ 40,000
Silver Bow, Montana 1 $ 65,000 $ 65,000 $ 144,000
Wake, North Carolina 1 $ 35,000 $ 35,000 $ 0
Ashland, Ohio 1 $ 5,000 $ 5,000 $ 60,000
Defiance, Ohio 1 $ 45,000 $ 45,000 $ 96,000
Franklin, Ohio 1 $ 25,000 $ 25,000 $ 68,000
Hamilton, Ohio 1 $ 225,000 $ 225,000 $ 116,000
Lucas, Ohio 1 $ 9,005,000 $ 9,005,000 $ 0
Paulding, Ohio 1 $ 25,000 $ 25,000 $ 66,000
Delaware, Pennsylvania 1 $ 15,000 $ 15,000 $ 36,000
Williamson, Tennessee 1 $ 965,000 $ 965,000 $ 446,000
Bell, Texas 1 $ 55,000 $ 55,000 $ 252,000
Ozaukee, Wisconsin 1 $ 115,000 $ 115,000 $ 89,000

Mortgage Loan Application Detail Totals for Horizon Bank in 2025

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 1,263 $381,435,000 $302,000 $18,865,000 $152,000 $1,195,000
Home Improvement 1,210 $120,610,000 $99,000 $2,985,000 $137,000 $2,067,000
Refinancing 910 $224,980,000 $247,000 $15,005,000 $151,000 $2,426,000
Other Purpose 438 $44,210,000 $100,000 $1,505,000 $137,000 $1,950,000
Cash-out Refinancing 238 $64,240,000 $269,000 $5,005,000 $170,000 $6,161,000
Not Applicable 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 3,315 $582,905,000 $175,000 $5,005,000 $147,000 $6,161,000
Not Provided 242 $50,210,000 $207,000 $4,005,000 $186,000 $2,400,000
Hispanic 186 $27,930,000 $150,000 $805,000 $111,000 $1,115,000
Black or African American 175 $22,525,000 $128,000 $1,615,000 $99,000 $790,000
Not applicable 63 $134,055,000 $2,127,000 $18,865,000 $0 $0
Asian 56 $13,780,000 $246,000 $1,505,000 $199,000 $960,000
American Indian or Alaskan Native 15 $2,435,000 $162,000 $355,000 $130,000 $401,000
Native Hawaiian or Other Pacific Islander 7 $1,635,000 $233,000 $595,000 $269,000 $441,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,909 $804,005,000 $205,000 $18,865,000 $149,000 $6,161,000
FHA-insured (Federal Housing Administration) 124 $23,990,000 $193,000 $535,000 $79,000 $367,000
VA-guaranteed (Veterans Administration) 23 $6,985,000 $303,000 $665,000 $113,000 $300,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $495,000 $165,000 $175,000 $68,000 $80,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 2,798 $626,690,000 $223,000 $18,865,000 $158,000 $2,426,000
Application Denied By Financial Institution 859 $118,775,000 $138,000 $11,805,000 $101,000 $2,400,000
Application Withdrawn By Applicant 234 $58,560,000 $250,000 $5,005,000 $188,000 $6,161,000
Application Approved But Not Accepted 129 $15,775,000 $122,000 $695,000 $122,000 $900,000
File Closed For Incompleteness 39 $15,675,000 $401,000 $1,965,000 $174,000 $750,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 3,200 $716,700,000 $223,000 $18,865,000 $159,000 $6,161,000
Debt-To-Income Ratio 323 $52,515,000 $162,000 $2,305,000 $71,000 $565,000
Credit History 312 $25,790,000 $82,000 $4,005,000 $109,000 $2,400,000
Collateral 122 $25,630,000 $210,000 $11,805,000 $129,000 $1,200,000
Credit Application Incomplete 58 $4,800,000 $82,000 $505,000 $118,000 $467,000
Other 30 $6,800,000 $226,000 $1,505,000 $164,000 $960,000
Insufficient Cash (Downpayment, Closing Cost) 8 $1,830,000 $228,000 $505,000 $69,000 $136,000
Unverifiable Information 3 $1,075,000 $358,000 $675,000 $385,000 $1,096,000
Employment History 3 $335,000 $111,000 $145,000 $58,000 $90,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Horizon Bank's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Horizon Bank's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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