Merchants Bank of Indiana Mortgage Lending & HMDA Data, 2023
In 2023, Merchants Bank of Indiana of Carmel, IN reported 1,524 mortgage applications totaling $3.5 billion, down 48% from 2022. The average application was for $2,295,045, and applicants reported an average income of $209,684. 50% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (335), Boston, MA (88) and St. Louis, MO-IL (69) (applications in parentheses).
| Mortgage Company & Address | Merchants Bank of Indiana 11555 N. Meridian Street Carmel, IN 46032 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 1,524 |
| Total Mortgage Loan Application Amount | $3,497,650,000 |
| Average Mortgage Loan Application Amount | $2,295,045 |
| Highest Mortgage Loan Application Amount | $60,855,000 |
| Average Applicant Income | $209,684 |
| Highest Applicant Income | $2,774,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merchants Bank of Indiana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Indianapolis-Carmel-Anderson, IN | 335 | $ 674,185,000 | $ 2,012,492 | $ 275,000 |
| Outside any metro area | 146 | $ 154,050,000 | $ 1,055,136 | $ 263,921 |
| Boston, MA | 88 | $ 39,720,000 | $ 451,363 | $ 178,000 |
| St. Louis, MO-IL | 69 | $ 77,985,000 | $ 1,130,217 | $ 141,043 |
| Phoenix-Mesa-Scottsdale, AZ | 45 | $ 35,265,000 | $ 783,666 | $ 165,000 |
| Cincinnati, OH-KY-IN | 44 | $ 76,540,000 | $ 1,739,545 | $ 94,659 |
| Chicago-Naperville, IL | 34 | $ 48,500,000 | $ 1,426,470 | $ 193,000 |
| Dayton-Springfield-Kettering, OH | 30 | $ 18,820,000 | $ 627,333 | $ 74,000 |
| Shreveport-Bossier City, LA | 24 | $ 7,800,000 | $ 325,000 | $ 117,000 |
| Atlanta-Sandy Springs-Roswell, GA | 23 | $ 99,545,000 | $ 4,328,043 | $ 178,000 |
| Denver-Aurora-Lakewood, CO | 22 | $ 14,480,000 | $ 658,181 | $ 128,000 |
| Columbus, OH | 21 | $ 66,575,000 | $ 3,170,238 | $ 119,000 |
| Los Angeles-Long Beach-Glendale, CA | 20 | $ 51,080,000 | $ 2,554,000 | $ 0 |
| Fort Wayne, IN | 19 | $ 140,875,000 | $ 7,414,473 | $ 61,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 19 | $ 15,335,000 | $ 807,105 | $ 163,000 |
| Baton Rouge, LA | 17 | $ 5,215,000 | $ 306,764 | $ 60,000 |
| Canton-Massillon, OH | 15 | $ 3,745,000 | $ 249,666 | $ 115,000 |
| Birmingham-Hoover, AL | 14 | $ 4,850,000 | $ 346,428 | $ 91,000 |
| Boise City, ID | 13 | $ 8,585,000 | $ 660,384 | $ 386,000 |
| Anaheim-Santa Ana-Irvine, CA | 12 | $ 33,540,000 | $ 2,795,000 | $ 104,000 |
| New York-Jersey City-White Plains, NY-NJ | 12 | $ 108,970,000 | $ 9,080,833 | $ 194,000 |
| Austin-Round Rock, TX | 11 | $ 20,575,000 | $ 1,870,454 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 11 | $ 48,245,000 | $ 4,385,909 | $ 289,000 |
| Charlotte-Concord-Gastonia, NC-SC | 9 | $ 12,675,000 | $ 1,408,333 | $ 34,000 |
| Jacksonville, FL | 9 | $ 55,495,000 | $ 6,166,111 | $ 1,029,000 |
| Raleigh, NC | 9 | $ 4,705,000 | $ 522,777 | $ 349,000 |
| Akron, OH | 8 | $ 1,700,000 | $ 212,500 | $ 96,000 |
| Houston-The Woodlands-Sugar Land, TX | 8 | $ 82,210,000 | $ 10,276,250 | $ 121,000 |
| Lafayette, LA | 8 | $ 1,940,000 | $ 242,500 | $ 69,000 |
| New Orleans-Metairie, LA | 8 | $ 38,540,000 | $ 4,817,500 | $ 153,000 |
| North Port-Sarasota-Bradenton, FL | 8 | $ 9,320,000 | $ 1,165,000 | $ 739,000 |
| Oakland-Hayward-Berkeley, CA | 8 | $ 30,250,000 | $ 3,781,250 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 8 | $ 3,320,000 | $ 415,000 | $ 123,000 |
| Seattle-Bellevue-Everett, WA | 8 | $ 35,380,000 | $ 4,422,500 | $ 169,000 |
| Tampa-St. Petersburg-Clearwater, FL | 8 | $ 3,970,000 | $ 496,250 | $ 143,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 5,070,000 | $ 633,750 | $ 138,000 |
| Alexandria, LA | 7 | $ 2,875,000 | $ 410,714 | $ 153,000 |
| Cleveland-Elyria, OH | 7 | $ 1,605,000 | $ 229,285 | $ 112,000 |
| Daphne-Fairhope-Foley, AL | 7 | $ 13,245,000 | $ 1,892,142 | $ 126,000 |
| Gulfport-Biloxi-Pascagoula, MS | 7 | $ 19,545,000 | $ 2,792,142 | $ 0 |
| Kansas City, MO-KS | 7 | $ 23,845,000 | $ 3,406,428 | $ 163,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 7 | $ 4,575,000 | $ 653,571 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 7 | $ 105,905,000 | $ 15,129,285 | $ 0 |
| Boulder, CO | 6 | $ 2,510,000 | $ 418,333 | $ 468,000 |
| Cambridge-Newton-Framingham, MA | 6 | $ 2,600,000 | $ 433,333 | $ 174,000 |
| Colorado Springs, CO | 6 | $ 14,350,000 | $ 2,391,666 | $ 967,000 |
| Hattiesburg, MS | 6 | $ 1,730,000 | $ 288,333 | $ 141,000 |
| Huntsville, AL | 6 | $ 2,960,000 | $ 493,333 | $ 466,000 |
| Pittsburgh, PA | 6 | $ 36,450,000 | $ 6,075,000 | $ 102,000 |
| Lake County-Kenosha County, IL-WI | 5 | $ 3,025,000 | $ 605,000 | $ 227,000 |
| Las Vegas-Henderson-Paradise, NV | 5 | $ 2,805,000 | $ 561,000 | $ 0 |
| Louisville/Jefferson County, KY-IN | 5 | $ 73,275,000 | $ 14,655,000 | $ 92,000 |
| Peoria, IL | 5 | $ 77,795,000 | $ 15,559,000 | $ 0 |
| Portland-South Portland, ME | 5 | $ 4,155,000 | $ 831,000 | $ 0 |
| San Diego-Carlsbad, CA | 5 | $ 6,235,000 | $ 1,247,000 | $ 158,000 |
| Spokane-Spokane Valley, WA | 5 | $ 2,545,000 | $ 509,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 4 | $ 2,760,000 | $ 690,000 | $ 468,000 |
| Chattanooga, TN-GA | 4 | $ 870,000 | $ 217,500 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 4 | $ 2,260,000 | $ 565,000 | $ 373,000 |
| Jackson, MS | 4 | $ 24,110,000 | $ 6,027,500 | $ 0 |
| Monroe, LA | 4 | $ 1,200,000 | $ 300,000 | $ 196,000 |
| Newark, NJ-PA | 4 | $ 33,480,000 | $ 8,370,000 | $ 85,000 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 51,680,000 | $ 12,920,000 | $ 0 |
| Provo-Orem, UT | 4 | $ 2,270,000 | $ 567,500 | $ 253,000 |
| Rapid City, SD | 4 | $ 1,850,000 | $ 462,500 | $ 0 |
| Anchorage, AK | 3 | $ 14,755,000 | $ 4,918,333 | $ 0 |
| Asheville, NC | 3 | $ 1,235,000 | $ 411,666 | $ 0 |
| Auburn-Opelika, AL | 3 | $ 1,615,000 | $ 538,333 | $ 668,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 9,935,000 | $ 3,311,666 | $ 0 |
| Bloomington, IN | 3 | $ 20,565,000 | $ 6,855,000 | $ 255,000 |
| Columbus, IN | 3 | $ 1,225,000 | $ 408,333 | $ 347,000 |
| Dallas-Plano-Irving, TX | 3 | $ 1,355,000 | $ 451,666 | $ 346,000 |
| Evansville, IN-KY | 3 | $ 34,295,000 | $ 11,431,666 | $ 0 |
| Fort Collins, CO | 3 | $ 1,105,000 | $ 368,333 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 1,575,000 | $ 525,000 | $ 0 |
| Gary, IN | 3 | $ 23,265,000 | $ 7,755,000 | $ 55,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 13,865,000 | $ 4,621,666 | $ 0 |
| Greeley, CO | 3 | $ 1,335,000 | $ 445,000 | $ 192,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 3 | $ 3,095,000 | $ 1,031,666 | $ 518,000 |
| Kokomo, IN | 3 | $ 595,000 | $ 198,333 | $ 100,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 22,755,000 | $ 7,585,000 | $ 0 |
| Muncie, IN | 3 | $ 18,135,000 | $ 6,045,000 | $ 48,000 |
| New York-Newark, NY | 3 | $ 2,365,000 | $ 788,333 | $ 113,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 1,065,000 | $ 355,000 | $ 0 |
| Providence-Warwick, RI-MA | 3 | $ 1,435,000 | $ 478,333 | $ 158,000 |
| Tuscaloosa, AL | 3 | $ 705,000 | $ 235,000 | $ 77,000 |
| Washington-Baltimore-Arlington, DC | 3 | $ 1,175,000 | $ 391,666 | $ 201,000 |
| Worcester, MA-CT | 3 | $ 1,155,000 | $ 385,000 | $ 128,000 |
| Baltimore-Columbia-Towson, MD | 2 | $ 58,000,000 | $ 29,000,000 | $ 0 |
| Camden, NJ | 2 | $ 620,000 | $ 310,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 3,480,000 | $ 1,740,000 | $ 0 |
| Des Moines-West Des Moines, IA | 2 | $ 24,090,000 | $ 12,045,000 | $ 0 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 6,260,000 | $ 3,130,000 | $ 212,000 |
| Durham-Chapel Hill, NC | 2 | $ 1,690,000 | $ 845,000 | $ 183,000 |
| Fayetteville, NC | 2 | $ 7,210,000 | $ 3,605,000 | $ 0 |
| Fort Worth-Arlington, TX | 2 | $ 16,210,000 | $ 8,105,000 | $ 185,000 |
| Gadsden, AL | 2 | $ 290,000 | $ 145,000 | $ 0 |
| Grand Junction, CO | 2 | $ 870,000 | $ 435,000 | $ 0 |
| Grants Pass, OR | 2 | $ 58,820,000 | $ 29,410,000 | $ 0 |
| Green Bay, WI | 2 | $ 630,000 | $ 315,000 | $ 230,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 670,000 | $ 335,000 | $ 255,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 600,000 | $ 300,000 | $ 0 |
| Lakeland-Winter Haven, FL | 2 | $ 920,000 | $ 460,000 | $ 115,000 |
| Lexington-Fayette, KY | 2 | $ 630,000 | $ 315,000 | $ 144,000 |
| Little Rock-North Little Rock-Conway, AR | 2 | $ 260,000 | $ 130,000 | $ 76,000 |
| Lubbock, TX | 2 | $ 4,970,000 | $ 2,485,000 | $ 0 |
| Madison, WI | 2 | $ 19,350,000 | $ 9,675,000 | $ 0 |
| Manchester-Nashua, NH | 2 | $ 710,000 | $ 355,000 | $ 0 |
| McAllen-Edinburg-Mission, TX | 2 | $ 2,800,000 | $ 1,400,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 6,360,000 | $ 3,180,000 | $ 88,000 |
| Modesto, CA | 2 | $ 870,000 | $ 435,000 | $ 267,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 980,000 | $ 490,000 | $ 144,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 330,000 | $ 165,000 | $ 0 |
| Ogden-Clearfield, UT | 2 | $ 1,850,000 | $ 925,000 | $ 0 |
| Oklahoma City, OK | 2 | $ 1,090,000 | $ 545,000 | $ 145,000 |
| Pine Bluff, AR | 2 | $ 7,330,000 | $ 3,665,000 | $ 135,000 |
| Prescott Valley-Prescott, AZ | 2 | $ 620,000 | $ 310,000 | $ 76,000 |
| Reno, NV | 2 | $ 730,000 | $ 365,000 | $ 324,000 |
| Salt Lake City, UT | 2 | $ 37,970,000 | $ 18,985,000 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 1,790,000 | $ 895,000 | $ 0 |
| San Juan-Carolina-Caguas, PR | 2 | $ 32,200,000 | $ 16,100,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 2 | $ 3,140,000 | $ 1,570,000 | $ 0 |
| Sioux Falls, SD | 2 | $ 70,160,000 | $ 35,080,000 | $ 0 |
| Springfield, OH | 2 | $ 380,000 | $ 190,000 | $ 73,000 |
| Urban Honolulu, HI | 2 | $ 2,510,000 | $ 1,255,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 1,470,000 | $ 735,000 | $ 186,000 |
| Wilmington, DE-MD-NJ | 2 | $ 10,200,000 | $ 5,100,000 | $ 0 |
| Barnstable Town, MA | 1 | $ 475,000 | $ 475,000 | $ 924,000 |
| Battle Creek, MI | 1 | $ 16,505,000 | $ 16,505,000 | $ 0 |
| Bend-Redmond, OR | 1 | $ 665,000 | $ 665,000 | $ 0 |
| Bismarck, ND | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 3,005,000 | $ 3,005,000 | $ 0 |
| Brunswick, GA | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Burlington-South Burlington, VT | 1 | $ 515,000 | $ 515,000 | $ 224,000 |
| Charleston-North Charleston, SC | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Chico, CA | 1 | $ 21,255,000 | $ 21,255,000 | $ 0 |
| Coeur D'Alene, ID | 1 | $ 465,000 | $ 465,000 | $ 0 |
| Columbus, GA-AL | 1 | $ 11,445,000 | $ 11,445,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 29,865,000 | $ 29,865,000 | $ 0 |
| Elgin, IL | 1 | $ 295,000 | $ 295,000 | $ 81,000 |
| Eugene, OR | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 42,285,000 | $ 42,285,000 | $ 0 |
| Flagstaff, AZ | 1 | $ 635,000 | $ 635,000 | $ 0 |
| Goldsboro, NC | 1 | $ 3,005,000 | $ 3,005,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 885,000 | $ 885,000 | $ 658,000 |
| Homosassa Springs, FL | 1 | $ 255,000 | $ 255,000 | $ 216,000 |
| Kahului-Wailuku-Lahaina, HI | 1 | $ 605,000 | $ 605,000 | $ 0 |
| Killeen-Temple, TX | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Knoxville, TN | 1 | $ 13,555,000 | $ 13,555,000 | $ 0 |
| Lafayette-West Lafayette, IN | 1 | $ 265,000 | $ 265,000 | $ 100,000 |
| Lake Charles, LA | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Longview, WA | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Medford, OR | 1 | $ 845,000 | $ 845,000 | $ 0 |
| Memphis, TN-MS-AR | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Michigan City-La Porte, IN | 1 | $ 25,255,000 | $ 25,255,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Missoula, MT | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Mobile, AL | 1 | $ 285,000 | $ 285,000 | $ 160,000 |
| Monroe, MI | 1 | $ 49,685,000 | $ 49,685,000 | $ 0 |
| Morristown, TN | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Mount Vernon-Anacortes, WA | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Napa, CA | 1 | $ 745,000 | $ 745,000 | $ 0 |
| Ocala, FL | 1 | $ 725,000 | $ 725,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 8,125,000 | $ 8,125,000 | $ 0 |
| Panama City, FL | 1 | $ 49,205,000 | $ 49,205,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 9,665,000 | $ 9,665,000 | $ 0 |
| Philadelphia, PA | 1 | $ 255,000 | $ 255,000 | $ 102,000 |
| Pittsfield, MA | 1 | $ 185,000 | $ 185,000 | $ 145,000 |
| Port St. Lucie, FL | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Rockingham County-Strafford County, NH | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Salem, OR | 1 | $ 1,005,000 | $ 1,005,000 | $ 0 |
| Salinas, CA | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Salisbury, MD-DE | 1 | $ 315,000 | $ 315,000 | $ 0 |
| San Antonio-New Braunfels, TX | 1 | $ 245,000 | $ 245,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 645,000 | $ 645,000 | $ 0 |
| Savannah, GA | 1 | $ 945,000 | $ 945,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 60,855,000 | $ 60,855,000 | $ 0 |
| St. Cloud, MN | 1 | $ 375,000 | $ 375,000 | $ 0 |
| St. George, UT | 1 | $ 1,495,000 | $ 1,495,000 | $ 0 |
| State College, PA | 1 | $ 415,000 | $ 415,000 | $ 0 |
| Stockton-Lodi, CA | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Tacoma-Lakewood, WA | 1 | $ 925,000 | $ 925,000 | $ 0 |
| Terre Haute, IN | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Texarkana, TX-AR | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Tucson, AZ | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Tulsa, OK | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 295,000 | $ 295,000 | $ 0 |
| Visalia-Porterville, CA | 1 | $ 395,000 | $ 395,000 | $ 0 |
| Waco, TX | 1 | $ 465,000 | $ 465,000 | $ 257,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Wilmington, NC | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Yakima, WA | 1 | $ 65,000 | $ 65,000 | $ 121,000 |
| York-Hanover, PA | 1 | $ 535,000 | $ 535,000 | $ 0 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 195,000 | $ 195,000 | $ 96,000 |
| Yuba City, CA | 1 | $ 155,000 | $ 155,000 | $ 0 |
Mortgage Loan Application Detail Totals for Merchants Bank of Indiana in 2023
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 | 1,010 | $2,222,680,000 | $2,200,000 | $60,855,000 | $180,000 | $2,774,000 |
| Cash-out Refinancing | 383 | $172,505,000 | $450,000 | $3,415,000 | $259,000 | $2,544,000 |
| Refinancing | 114 | $1,006,750,000 | $8,831,000 | $58,005,000 | $307,000 | $2,774,000 |
| Home Improvement | 17 | $95,715,000 | $5,630,000 | $23,725,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 678 | $3,188,630,000 | $4,702,000 | $60,855,000 | $0 | $0 |
| White | 624 | $238,250,000 | $381,000 | $4,915,000 | $223,000 | $2,774,000 |
| Not Provided | 76 | $31,710,000 | $417,000 | $3,305,000 | $209,000 | $1,029,000 |
| Black or African American | 55 | $11,255,000 | $204,000 | $715,000 | $85,000 | $258,000 |
| Hispanic | 44 | $10,600,000 | $240,000 | $655,000 | $100,000 | $389,000 |
| Asian | 37 | $14,505,000 | $392,000 | $725,000 | $266,000 | $2,721,000 |
| American Indian or Alaskan Native | 4 | $1,330,000 | $332,000 | $885,000 | $231,000 | $658,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $310,000 | $155,000 | $175,000 | $82,000 | $89,000 |
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) | 1,403 | $3,466,765,000 | $2,470,000 | $60,855,000 | $217,000 | $2,774,000 |
| FHA-insured (Federal Housing Administration) | 112 | $28,920,000 | $258,000 | $645,000 | $87,000 | $257,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $820,000 | $136,000 | $275,000 | $58,000 | $91,000 |
| VA-guaranteed (Veterans Administration) | 3 | $1,145,000 | $381,000 | $575,000 | $144,000 | $188,000 |
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 | 769 | $2,939,405,000 | $3,822,000 | $60,855,000 | $218,000 | $2,774,000 |
| Loan Purchased By The Institution | 516 | $277,720,000 | $538,000 | $3,565,000 | $0 | $0 |
| Application Withdrawn By Applicant | 89 | $171,475,000 | $1,926,000 | $33,745,000 | $215,000 | $1,449,000 |
| Application Denied By Financial Institution | 87 | $26,895,000 | $309,000 | $2,165,000 | $97,000 | $356,000 |
| Application Approved But Not Accepted | 55 | $44,765,000 | $813,000 | $20,045,000 | $261,000 | $2,774,000 |
| File Closed For Incompleteness | 8 | $37,390,000 | $4,673,000 | $32,505,000 | $100,000 | $143,000 |
| 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 | 1,437 | $3,470,755,000 | $2,415,000 | $60,855,000 | $219,000 | $2,774,000 |
| Debt-To-Income Ratio | 46 | $15,150,000 | $329,000 | $1,285,000 | $93,000 | $250,000 |
| Collateral | 14 | $3,080,000 | $220,000 | $345,000 | $133,000 | $356,000 |
| Credit History | 8 | $1,100,000 | $137,000 | $305,000 | $54,000 | $99,000 |
| Unverifiable Information | 8 | $2,100,000 | $262,000 | $475,000 | $114,000 | $224,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,575,000 | $315,000 | $545,000 | $87,000 | $127,000 |
| Employment History | 3 | $1,005,000 | $335,000 | $595,000 | $70,000 | $130,000 |
| Other | 2 | $2,250,000 | $1,125,000 | $2,165,000 | $35,000 | $35,000 |
| Credit Application Incomplete | 1 | $635,000 | $635,000 | $635,000 | $173,000 | $173,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank of Indiana's 2023 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 Merchants Bank of Indiana'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.
For a list of all lenders in Indiana, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About