Merchants Bank of Indiana Mortgage Lending & HMDA Data, 2024
In 2024, Merchants Bank of Indiana of Carmel, IN reported 1,776 mortgage applications totaling $3.5 billion, up 17% from 2023. The average application was for $1,995,636, and applicants reported an average income of $163,358. 62% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Indianapolis-Carmel-Anderson, IN (462), Boston, MA (122) and St. Louis, MO-IL (92) (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 | 1,776 |
| Total Mortgage Loan Application Amount | $3,544,250,000 |
| Average Mortgage Loan Application Amount | $1,995,636 |
| Highest Mortgage Loan Application Amount | $92,705,000 |
| Average Applicant Income | $163,358 |
| Highest Applicant Income | $2,889,000 |
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records Merchants Bank of Indiana filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 462 | $ 811,580,000 | $ 1,756,666 | $ 167,000 |
| Outside any metro area | 164 | $ 148,690,000 | $ 906,646 | $ 98,847 |
| Boston, MA | 122 | $ 61,170,000 | $ 501,393 | $ 169,000 |
| St. Louis, MO-IL | 92 | $ 46,300,000 | $ 503,260 | $ 159,239 |
| Columbus, OH | 44 | $ 26,050,000 | $ 592,045 | $ 126,000 |
| Chicago-Naperville, IL | 38 | $ 52,720,000 | $ 1,387,368 | $ 340,000 |
| Shreveport-Bossier City, LA | 38 | $ 11,870,000 | $ 312,368 | $ 110,000 |
| Cincinnati, OH-KY-IN | 34 | $ 42,960,000 | $ 1,263,529 | $ 87,906 |
| Dayton-Springfield-Kettering, OH | 29 | $ 4,995,000 | $ 172,241 | $ 64,000 |
| Washington-Baltimore-Arlington, DC | 29 | $ 13,855,000 | $ 477,758 | $ 146,000 |
| Arlington-Alexandria-Reston, VA-WV | 27 | $ 13,135,000 | $ 486,481 | $ 125,000 |
| Madison, WI | 23 | $ 14,275,000 | $ 620,652 | $ 131,000 |
| Raleigh, NC | 21 | $ 44,125,000 | $ 2,101,190 | $ 179,000 |
| Washington, DC-MD | 21 | $ 36,975,000 | $ 1,760,714 | $ 132,904 |
| Austin-Round Rock, TX | 19 | $ 97,435,000 | $ 5,128,157 | $ 107,000 |
| Hattiesburg, MS | 18 | $ 6,340,000 | $ 352,222 | $ 146,000 |
| Los Angeles-Long Beach-Glendale, CA | 18 | $ 69,080,000 | $ 3,837,777 | $ 189,000 |
| Canton-Massillon, OH | 16 | $ 4,190,000 | $ 261,875 | $ 107,000 |
| Dallas-Plano-Irving, TX | 16 | $ 7,580,000 | $ 473,750 | $ 176,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 15 | $ 59,485,000 | $ 3,965,666 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 14 | $ 76,480,000 | $ 5,462,857 | $ 419,000 |
| Phoenix-Mesa-Scottsdale, AZ | 13 | $ 11,965,000 | $ 920,384 | $ 390,000 |
| Pittsburgh, PA | 13 | $ 111,275,000 | $ 8,559,615 | $ 119,000 |
| Baltimore-Columbia-Towson, MD | 12 | $ 4,860,000 | $ 405,000 | $ 129,000 |
| Denver-Aurora-Lakewood, CO | 12 | $ 23,260,000 | $ 1,938,333 | $ 229,000 |
| Lake Charles, LA | 12 | $ 19,000,000 | $ 1,583,333 | $ 115,000 |
| Seattle-Bellevue-Everett, WA | 11 | $ 44,065,000 | $ 4,005,909 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 10 | $ 4,470,000 | $ 447,000 | $ 462,000 |
| Monroe, LA | 10 | $ 2,760,000 | $ 276,000 | $ 145,000 |
| New York-Jersey City-White Plains, NY-NJ | 10 | $ 207,450,000 | $ 20,745,000 | $ 0 |
| Providence-Warwick, RI-MA | 10 | $ 4,140,000 | $ 414,000 | $ 132,000 |
| Birmingham-Hoover, AL | 9 | $ 3,005,000 | $ 333,888 | $ 166,000 |
| Cambridge-Newton-Framingham, MA | 9 | $ 6,605,000 | $ 733,888 | $ 196,000 |
| Fort Wayne, IN | 9 | $ 25,525,000 | $ 2,836,111 | $ 109,000 |
| Akron, OH | 8 | $ 2,010,000 | $ 251,250 | $ 86,000 |
| Charlotte-Concord-Gastonia, NC-SC | 8 | $ 22,740,000 | $ 2,842,500 | $ 141,000 |
| Huntsville, AL | 8 | $ 2,810,000 | $ 351,250 | $ 157,000 |
| Cleveland, OH | 7 | $ 2,065,000 | $ 295,000 | $ 102,000 |
| Daphne-Fairhope-Foley, AL | 7 | $ 9,275,000 | $ 1,325,000 | $ 115,000 |
| Fort Worth-Arlington, TX | 7 | $ 4,905,000 | $ 700,714 | $ 104,000 |
| Houston-The Woodlands-Sugar Land, TX | 7 | $ 41,205,000 | $ 5,886,428 | $ 99,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 7 | $ 14,175,000 | $ 2,025,000 | $ 146,000 |
| Orlando-Kissimmee-Sanford, FL | 7 | $ 37,465,000 | $ 5,352,142 | $ 219,000 |
| Bloomington, IN | 6 | $ 15,980,000 | $ 2,663,333 | $ 195,000 |
| Grand Rapids-Wyoming, MI | 6 | $ 40,220,000 | $ 6,703,333 | $ 0 |
| Jacksonville, FL | 6 | $ 53,370,000 | $ 8,895,000 | $ 0 |
| Kokomo, IN | 6 | $ 13,290,000 | $ 2,215,000 | $ 73,000 |
| Marietta, GA | 6 | $ 19,390,000 | $ 3,231,666 | $ 225,000 |
| Richmond, VA | 6 | $ 37,620,000 | $ 6,270,000 | $ 142,000 |
| Tampa, FL | 6 | $ 5,050,000 | $ 841,666 | $ 135,000 |
| Boise City, ID | 5 | $ 17,635,000 | $ 3,527,000 | $ 909,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 2,515,000 | $ 503,000 | $ 532,000 |
| Kansas City, MO-KS | 5 | $ 50,765,000 | $ 10,153,000 | $ 98,000 |
| Lafayette, LA | 5 | $ 1,445,000 | $ 289,000 | $ 174,000 |
| Lexington-Fayette, KY | 5 | $ 1,105,000 | $ 221,000 | $ 75,000 |
| Louisville/Jefferson County, KY-IN | 5 | $ 10,145,000 | $ 2,029,000 | $ 164,800 |
| Memphis, TN-MS-AR | 5 | $ 12,105,000 | $ 2,421,000 | $ 130,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 28,515,000 | $ 5,703,000 | $ 273,000 |
| Newark, NJ-PA | 5 | $ 63,515,000 | $ 12,703,000 | $ 167,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 5 | $ 6,625,000 | $ 1,325,000 | $ 0 |
| Alexandria, LA | 4 | $ 1,020,000 | $ 255,000 | $ 0 |
| Anaheim-Santa Ana-Irvine, CA | 4 | $ 7,870,000 | $ 1,967,500 | $ 0 |
| Barnstable Town, MA | 4 | $ 40,530,000 | $ 10,132,500 | $ 257,000 |
| Elgin, IL | 4 | $ 1,430,000 | $ 357,500 | $ 166,000 |
| Lafayette-West Lafayette, IN | 4 | $ 31,670,000 | $ 7,917,500 | $ 295,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 1,200,000 | $ 300,000 | $ 224,000 |
| Little Rock-North Little Rock-Conway, AR | 4 | $ 920,000 | $ 230,000 | $ 56,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 4 | $ 68,140,000 | $ 17,035,000 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 4 | $ 2,680,000 | $ 670,000 | $ 0 |
| Omaha-Council Bluffs, NE-IA | 4 | $ 42,490,000 | $ 10,622,500 | $ 275,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 1,730,000 | $ 432,500 | $ 32,000 |
| San Antonio-New Braunfels, TX | 4 | $ 114,900,000 | $ 28,725,000 | $ 0 |
| San Diego-Carlsbad, CA | 4 | $ 7,010,000 | $ 1,752,500 | $ 0 |
| Springfield, OH | 4 | $ 1,230,000 | $ 307,500 | $ 130,000 |
| St. Petersburg-Clearwater-Largo, FL | 4 | $ 7,670,000 | $ 1,917,500 | $ 946,000 |
| Tacoma-Lakewood, WA | 4 | $ 3,040,000 | $ 760,000 | $ 260,000 |
| Tuscaloosa, AL | 4 | $ 1,350,000 | $ 337,500 | $ 168,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 1,060,000 | $ 265,000 | $ 150,000 |
| Waterbury-Shelton, CT | 4 | $ 1,150,000 | $ 287,500 | $ 131,000 |
| Worcester, MA-CT | 4 | $ 1,840,000 | $ 460,000 | $ 189,000 |
| Evansville, IN-KY | 3 | $ 27,465,000 | $ 9,155,000 | $ 200,000 |
| Fort Collins, CO | 3 | $ 1,555,000 | $ 518,333 | $ 0 |
| Harrisburg-Carlisle, PA | 3 | $ 12,285,000 | $ 4,095,000 | $ 139,000 |
| Lakeland-Winter Haven, FL | 3 | $ 665,000 | $ 221,666 | $ 172,000 |
| Muncie, IN | 3 | $ 4,325,000 | $ 1,441,666 | $ 35,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 2,815,000 | $ 938,333 | $ 429,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 2,945,000 | $ 981,666 | $ 726,000 |
| Oklahoma City, OK | 3 | $ 785,000 | $ 261,666 | $ 103,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 73,895,000 | $ 24,631,666 | $ 0 |
| Punta Gorda, FL | 3 | $ 865,000 | $ 288,333 | $ 239,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 3 | $ 1,775,000 | $ 591,666 | $ 0 |
| Salt Lake City, UT | 3 | $ 34,545,000 | $ 11,515,000 | $ 0 |
| Bakersfield, CA | 2 | $ 750,000 | $ 375,000 | $ 0 |
| Bend-Redmond, OR | 2 | $ 2,160,000 | $ 1,080,000 | $ 0 |
| Clarksville, TN-KY | 2 | $ 20,250,000 | $ 10,125,000 | $ 0 |
| Colorado Springs, CO | 2 | $ 890,000 | $ 445,000 | $ 104,000 |
| Columbus, IN | 2 | $ 2,190,000 | $ 1,095,000 | $ 394,000 |
| Des Moines-West Des Moines, IA | 2 | $ 45,360,000 | $ 22,680,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 2 | $ 77,890,000 | $ 38,945,000 | $ 0 |
| Goldsboro, NC | 2 | $ 8,740,000 | $ 4,370,000 | $ 0 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 950,000 | $ 475,000 | $ 290,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 2 | $ 2,320,000 | $ 1,160,000 | $ 518,000 |
| Jackson, MS | 2 | $ 290,000 | $ 145,000 | $ 116,000 |
| Lakewood-New Brunswick, NJ | 2 | $ 520,000 | $ 260,000 | $ 68,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 2,930,000 | $ 1,465,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 1,090,000 | $ 545,000 | $ 0 |
| Niles-Benton Harbor, MI | 2 | $ 430,000 | $ 215,000 | $ 55,000 |
| Olympia-Tumwater, WA | 2 | $ 51,930,000 | $ 25,965,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 260,000 | $ 130,000 | $ 262,000 |
| Rockford, IL | 2 | $ 10,060,000 | $ 5,030,000 | $ 306,000 |
| Spartanburg, SC | 2 | $ 50,490,000 | $ 25,245,000 | $ 0 |
| Spokane-Spokane Valley, WA | 2 | $ 920,000 | $ 460,000 | $ 226,000 |
| Terre Haute, IN | 2 | $ 9,880,000 | $ 4,940,000 | $ 40,000 |
| Trenton, NJ | 2 | $ 670,000 | $ 335,000 | $ 84,000 |
| Urban Honolulu, HI | 2 | $ 1,610,000 | $ 805,000 | $ 0 |
| Albuquerque, NM | 1 | $ 175,000 | $ 175,000 | $ 400,000 |
| Amarillo, TX | 1 | $ 20,005,000 | $ 20,005,000 | $ 0 |
| Auburn-Opelika, AL | 1 | $ 555,000 | $ 555,000 | $ 875,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 11,475,000 | $ 11,475,000 | $ 0 |
| Bay City, MI | 1 | $ 6,195,000 | $ 6,195,000 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 385,000 | $ 385,000 | $ 0 |
| Camden, NJ | 1 | $ 275,000 | $ 275,000 | $ 70,000 |
| Coeur D'Alene, ID | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Columbia, SC | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Durham-Chapel Hill, NC | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Elkhart-Goshen, IN | 1 | $ 11,125,000 | $ 11,125,000 | $ 0 |
| Fayetteville, NC | 1 | $ 10,345,000 | $ 10,345,000 | $ 0 |
| Flagstaff, AZ | 1 | $ 635,000 | $ 635,000 | $ 215,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 345,000 | $ 345,000 | $ 109,000 |
| Grand Junction, CO | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Grants Pass, OR | 1 | $ 455,000 | $ 455,000 | $ 118,000 |
| Greensboro-High Point, NC | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Gulfport-Biloxi-Pascagoula, MS | 1 | $ 315,000 | $ 315,000 | $ 145,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 145,000 | $ 145,000 | $ 107,000 |
| Hot Springs, AR | 1 | $ 205,000 | $ 205,000 | $ 120,000 |
| Houma-Thibodaux, LA | 1 | $ 235,000 | $ 235,000 | $ 119,000 |
| Jackson, MI | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Jackson, TN | 1 | $ 215,000 | $ 215,000 | $ 44,000 |
| Janesville-Beloit, WI | 1 | $ 295,000 | $ 295,000 | $ 233,000 |
| Kenosha, WI | 1 | $ 405,000 | $ 405,000 | $ 396,000 |
| Killeen-Temple, TX | 1 | $ 345,000 | $ 345,000 | $ 94,000 |
| Lancaster, PA | 1 | $ 585,000 | $ 585,000 | $ 0 |
| Lincoln, NE | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Mobile, AL | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Morristown, TN | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Mount Vernon-Anacortes, WA | 1 | $ 425,000 | $ 425,000 | $ 0 |
| New Haven-Milford, CT | 1 | $ 445,000 | $ 445,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 255,000 | $ 255,000 | $ 79,000 |
| Peoria, IL | 1 | $ 8,185,000 | $ 8,185,000 | $ 0 |
| Philadelphia, PA | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 585,000 | $ 585,000 | $ 709,000 |
| Portland-South Portland, ME | 1 | $ 885,000 | $ 885,000 | $ 294,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 1,105,000 | $ 1,105,000 | $ 0 |
| Reno, NV | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Rockingham County-Strafford County, NH | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Sioux City, IA-NE-SD | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Springfield, MA | 1 | $ 275,000 | $ 275,000 | $ 72,000 |
| Springfield, MO | 1 | $ 195,000 | $ 195,000 | $ 71,000 |
| St. Cloud, MN | 1 | $ 2,345,000 | $ 2,345,000 | $ 0 |
| Syracuse, NY | 1 | $ 16,025,000 | $ 16,025,000 | $ 0 |
| Tallahassee, FL | 1 | $ 545,000 | $ 545,000 | $ 199,000 |
| Toledo, OH | 1 | $ 135,000 | $ 135,000 | $ 39,000 |
| Traverse City, MI | 1 | $ 585,000 | $ 585,000 | $ 167,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 1,065,000 | $ 1,065,000 | $ 0 |
| Wilmington, NC | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Winston-Salem, NC | 1 | $ 10,645,000 | $ 10,645,000 | $ 0 |
| Yakima, WA | 1 | $ 675,000 | $ 675,000 | $ 0 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 245,000 | $ 245,000 | $ 111,000 |
Mortgage Loan Application Detail Totals for Merchants Bank of Indiana in 2024
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 | 1,309 | $2,348,375,000 | $1,794,000 | $92,705,000 | $147,000 | $2,215,000 |
| Cash-out Refinancing | 265 | $129,665,000 | $489,000 | $4,505,000 | $241,000 | $2,889,000 |
| Refinancing | 184 | $910,730,000 | $4,949,000 | $63,005,000 | $179,000 | $946,000 |
| Home Improvement | 18 | $155,480,000 | $8,637,000 | $57,425,000 | $50,000 | $50,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 863 | $322,505,000 | $373,000 | $3,505,000 | $176,000 | $2,889,000 |
| Not applicable | 462 | $3,067,230,000 | $6,639,000 | $92,705,000 | $0 | $0 |
| Black or African American | 159 | $43,085,000 | $270,000 | $785,000 | $98,000 | $581,000 |
| Not Provided | 101 | $43,725,000 | $432,000 | $4,505,000 | $195,000 | $1,616,000 |
| Hispanic | 99 | $33,885,000 | $342,000 | $3,905,000 | $113,000 | $1,041,000 |
| Asian | 85 | $31,985,000 | $376,000 | $915,000 | $197,000 | $2,161,000 |
| American Indian or Alaskan Native | 6 | $1,650,000 | $275,000 | $635,000 | $199,000 | $761,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $185,000 | $185,000 | $185,000 | $65,000 | $65,000 |
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) | 1,601 | $3,501,365,000 | $2,186,000 | $92,705,000 | $173,000 | $2,889,000 |
| FHA-insured (Federal Housing Administration) | 146 | $34,510,000 | $236,000 | $665,000 | $83,000 | $300,000 |
| VA-guaranteed (Veterans Administration) | 19 | $6,935,000 | $365,000 | $685,000 | $117,000 | $228,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,440,000 | $144,000 | $255,000 | $64,000 | $107,000 |
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 | 1,094 | $2,839,290,000 | $2,595,000 | $92,705,000 | $176,000 | $2,889,000 |
| Loan Purchased By The Institution | 301 | $178,815,000 | $594,000 | $4,955,000 | $0 | $0 |
| Application Denied By Financial Institution | 157 | $224,575,000 | $1,430,000 | $27,835,000 | $90,000 | $420,000 |
| Application Approved But Not Accepted | 108 | $83,880,000 | $776,000 | $18,005,000 | $143,000 | $581,000 |
| Application Withdrawn By Applicant | 105 | $214,345,000 | $2,041,000 | $46,785,000 | $179,000 | $1,450,000 |
| File Closed For Incompleteness | 11 | $3,345,000 | $304,000 | $605,000 | $107,000 | $189,000 |
| 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 | 1,619 | $3,319,675,000 | $2,050,000 | $92,705,000 | $173,000 | $2,889,000 |
| Debt-To-Income Ratio | 64 | $20,310,000 | $317,000 | $1,365,000 | $85,000 | $252,000 |
| Credit History | 21 | $3,805,000 | $181,000 | $445,000 | $79,000 | $193,000 |
| Collateral | 20 | $5,140,000 | $257,000 | $565,000 | $115,000 | $367,000 |
| Other | 18 | $186,610,000 | $10,367,000 | $27,835,000 | $122,000 | $167,000 |
| Employment History | 13 | $3,525,000 | $271,000 | $695,000 | $70,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $2,040,000 | $170,000 | $245,000 | $70,000 | $128,000 |
| Unverifiable Information | 8 | $2,970,000 | $371,000 | $695,000 | $145,000 | $420,000 |
| Credit Application Incomplete | 1 | $175,000 | $175,000 | $175,000 | $86,000 | $86,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merchants Bank of Indiana's 2024 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.
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