Merchants Bank Of Indiana Mortgage Rates, Fees & Info
Carmel, INLEI: 549300WRDGBHKR1BXL98
Tax ID: 35-0352710
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Mortgage Data
Review & Overview
Merchants Bank Of Indiana is a small bank specializing in Home Purchase and Refi loans. Merchants Bank Of Indiana has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Indianapolis, New York, Fort Wayne, Sacramento, and Houston among others. We have data for 135 markets. (Some data included below & more in-depth data is available with an active subscription.)Merchants Bank Of Indiana has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Merchants Bank Of Indiana is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.50% | 11/11/24 |
| 30 Year Conventional Purchase | 6.55% | 11/11/24 |
| 30 Year Conventional Refi | 6.21% | 11/11/24 |
| 30 Year Cash-out Refi | 6.72% | 11/11/24 |
| 30 Year FHA Purchase | 7.13% | 11/11/24 |
| 30 Year FHA Refi | 6.88% | 11/11/24 |
| 30 Year USDA Purchase | 6.82% | 11/11/24 |
| 15 Year Conventional Purchase | 6.08% | 11/11/24 |
| 15 Year Conventional Refi | 5.83% | 11/11/24 |
| 15 Year Cash-out Refi | 5.83% | 11/11/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Merchants Bank Of Indiana Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
769Origination Dollar Volume (All Markets)
$2,939,405,000Awards
Merchants Bank of Indiana - 2023
Merchants Bank of Indiana is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Merchants Bank Of Indiana's average 30 year fixed mortgage rate was
6.81%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.33%.
Relative Fees (Closing Costs)
Merchants Bank Of Indiana's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,972.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 232 | $631,110,000 | $2,720,302 | $3,411 | 7.36% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 11 | $140,145,000 | $12,740,455 | $0 | 7.95% |
| FORT WAYNE, IN (FHA|USDA|VA) | 17 | $123,135,000 | $7,243,235 | $3,098 | 7.07% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $102,665,000 | $34,221,667 | $0 | 8.39% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $80,575,000 | $26,858,333 | $0 | 7.73% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 30 | $73,570,000 | $2,452,333 | $3,528 | 7.09% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $73,275,000 | $14,655,000 | $0 | 8.76% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $70,710,000 | $5,892,500 | $6,108 | 7.05% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 45 | $70,465,000 | $1,565,889 | $2,710 | 6.87% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 2 | $70,160,000 | $35,080,000 | $0 | 7.82% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 31 | $67,255,000 | $2,169,516 | $6,252 | 7.05% |
| COLUMBUS, OH (FHA|USDA|VA) | 14 | $63,730,000 | $4,552,143 | $3,170 | 7.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $63,585,000 | $21,195,000 | $0 | 7.86% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $60,855,000 | $60,855,000 | $0 | 7.86% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $58,005,000 | $58,005,000 | $0 | 9.58% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $57,505,000 | $57,505,000 | $0 | 8.57% |
| MONROE, MI (FHA|USDA|VA) | 1 | $49,685,000 | $49,685,000 | $0 | 9.17% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $49,435,000 | $49,435,000 | $0 | 8.34% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $49,205,000 | $49,205,000 | $0 | 8.07% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 9 | $47,745,000 | $5,305,000 | $6,389 | 6.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $42,285,000 | $42,285,000 | $0 | 7.82% |
| PEORIA, IL (FHA|USDA|VA) | 2 | $39,560,000 | $19,780,000 | $0 | 8.66% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 85 | $38,005,000 | $447,118 | $8,662 | 6.62% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $37,465,000 | $37,465,000 | $0 | 7.19% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $36,375,000 | $7,275,000 | $9,775 | 7.53% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $34,295,000 | $11,431,667 | $0 | 8.49% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 2 | $32,200,000 | $16,100,000 | $0 | 8.23% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $30,005,000 | $30,005,000 | $0 | 9.82% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $29,125,000 | $5,825,000 | $0 | 8.35% |
| Fitzgerald, GA (FHA|USDA|VA) | 2 | $28,850,000 | $14,425,000 | $0 | 8.45% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $25,255,000 | $25,255,000 | $0 | 8.07% |
| Outside of Metro Areas | 27 | $24,155,000 | $894,630 | $4,728 | 7.04% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $24,090,000 | $12,045,000 | $0 | 7.19% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $23,075,000 | $23,075,000 | $0 | 8.09% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $23,010,000 | $11,505,000 | $0 | 8.08% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $22,005,000 | $22,005,000 | $0 | 7.82% |
| CHICO, CA (FHA|USDA|VA) | 1 | $21,255,000 | $21,255,000 | $0 | 7.19% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $20,220,000 | $10,110,000 | $4,469 | 7.53% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $20,005,000 | $20,005,000 | $0 | 8.77% |
| MADISON, WI (FHA|USDA|VA) | 1 | $19,005,000 | $19,005,000 | $0 | 7.82% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $18,110,000 | $9,055,000 | $0 | 7.35% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $18,110,000 | $9,055,000 | $0 | 7.44% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 26 | $17,720,000 | $681,538 | $4,036 | 6.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $17,055,000 | $17,055,000 | $0 | 8.09% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $16,680,000 | $8,340,000 | $7,078 | 7.50% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $16,505,000 | $16,505,000 | $0 | 9.86% |
| ANCHORAGE, AK (FHA|USDA|VA) | 2 | $14,310,000 | $7,155,000 | $0 | 8.07% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $13,555,000 | $13,555,000 | $0 | 8.07% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $13,260,000 | $6,630,000 | $0 | 7.94% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $12,940,000 | $3,235,000 | $1,949 | 7.84% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $12,550,000 | $3,137,500 | $3,144 | 6.87% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $12,305,000 | $4,101,667 | $0 | 7.97% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $11,445,000 | $11,445,000 | $0 | 8.07% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $10,260,000 | $5,130,000 | $0 | 8.85% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $10,165,000 | $3,388,333 | $0 | 8.39% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $9,780,000 | $4,890,000 | $0 | 7.89% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $9,665,000 | $9,665,000 | $0 | 7.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $8,125,000 | $8,125,000 | $0 | 8.07% |
| Henderson, NC (FHA|USDA|VA) | 1 | $8,075,000 | $8,075,000 | $0 | 8.19% |
| Wilson, NC (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 7.92% |
| Sanford, NC (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 7.48% |
| PINE BLUFF, AR (FHA|USDA|VA) | 2 | $7,330,000 | $3,665,000 | $0 | 6.91% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $7,005,000 | $7,005,000 | $0 | 7.31% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $6,615,000 | $2,205,000 | $6,560 | 7.83% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $6,260,000 | $3,130,000 | $3,314 | 7.86% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $5,045,000 | $5,045,000 | $0 | 7.93% |
| Edwards, CO (FHA|USDA|VA) | 1 | $4,915,000 | $4,915,000 | $0 | 7.88% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $4,805,000 | $4,805,000 | $0 | 7.06% |
| Huntington, IN (FHA|USDA|VA) | 1 | $4,565,000 | $4,565,000 | $0 | 7.93% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 13 | $3,185,000 | $245,000 | $5,260 | 6.51% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $3,100,000 | $1,550,000 | $4,737 | 7.57% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 8.34% |
| Warsaw, IN (FHA|USDA|VA) | 3 | $2,905,000 | $968,333 | $0 | 8.55% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 2 | $2,800,000 | $1,400,000 | $0 | 7.90% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $2,685,000 | $895,000 | $6,789 | 7.05% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $2,470,000 | $1,235,000 | $3,011 | 7.94% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $1,990,000 | $995,000 | $0 | 8.71% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $1,495,000 | $1,495,000 | $0 | 7.96% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $10,580 | 6.42% |
| Richmond, IN (FHA|USDA|VA) | 13 | $1,375,000 | $105,769 | $3,839 | 7.38% |
| Cullman, AL (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $4,589 | 6.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $2,462 | 7.38% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $7,687 | 7.50% |
| MONROE, LA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $6,294 | 6.94% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $5,507 | 6.92% |
| AKRON, OH (FHA|USDA|VA) | 4 | $1,080,000 | $270,000 | $4,330 | 7.19% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 8.28% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $945,000 | $945,000 | $4,556 | 7.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 8.62% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 7.96% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,937 | 5.13% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $6,512 | 6.58% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $8,565 | 6.94% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,293 | 7.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $5,340 | 6.38% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,300 | 6.50% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 7.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,908 | 6.25% |
| Salem, OH (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $4,849 | 6.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,297 | 6.83% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,523 | 7.68% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $8,065 | 6.50% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 7.88% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,719 | 6.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $19,321 | 7.63% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,404 | 8.00% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $2,380 | 7.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 8.39% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,432 | 7.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 8.28% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 7.96% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.03% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 8.28% |
| Connersville, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,115 | 5.88% |
| Urbana, OH (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,633 | 6.25% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.64% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,604 | 7.13% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,726 | 6.25% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 8.47% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,143 | 6.25% |
| Greenville, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,013 | 6.50% |
| Bedford, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,083 | 7.13% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,366 | 7.25% |
| Danville, KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,884 | 7.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,586 | 6.50% |
| Peru, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,211 | 7.25% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,389 | 6.50% |
| Athens, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,423 | 7.88% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,328 | 7.00% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,620 | 6.75% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,544 | 7.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,347 | 6.63% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.00% |
| Marion, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.63% |
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Product Mix
For 2023, Merchants Bank Of Indiana's most frequently originated type of loan was Conventional, with 591 originations. Their 2nd most popular type was HELOC, with 136 originations.
Loan Reason
For 2023, Merchants Bank Of Indiana's most frequently cited loan purpose was Home Purchase, with 534 originations. The 2nd most popular reason was Cash Out Refi, with 141 originations.
Loan Duration/Length
For 2023, Merchants Bank Of Indiana's most frequently cited loan duration was 30 Year, with 509 originations. The 2nd most popular length was Other, with 193 originations.
Origination Fees/Closing Costs
Merchants Bank Of Indiana's average total fees were $4,972, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 207 originations.
Interest Rates
During 2023, Merchants Bank Of Indiana's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 279 originations.
Loan Sizing
2023 saw Merchants Bank Of Indiana place emphasis on $200k-400k loans with 228 originations, totaling $65,920,000 in origination value.
Applicant Income
Merchants Bank Of Indiana lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $150k-250k, with 126 originations.
Applicant Debt to Income Ratio
Merchants Bank Of Indiana lent most frequently to those with DTI ratios of 30-36%, with 120 originations. The next most common DTI ratio? 20-30%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.29%
Merchants Bank Of Indiana has an average approval rate.
Pick Rate
Approvals leading to origination81.27%
Merchants Bank Of Indiana has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 769 | $2,939,405,000 | $3,822,373 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 769 | $2,939,405,000 | $3,822,373 |