Lender profile · HMDA 2023–2025
Horizon Bank mortgage approval rates & lending data
Horizon Bank decided 6,831 mortgage applications and funded 4,872 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 82% | 1,883 / 2,294 | 96% | $195K | 1,808 |
| Home improvement loans | 67% | 1,728 / 2,565 | 96% | $65K | 1,658 |
| Cash-out refinance | 68% | 174 / 257 | 95% | $185K | 166 |
| Refinance | 75% | 1,012 / 1,343 | 96% | $105K | 973 |
| Investment property purchase | 87% | 150 / 173 | 97% | $165K | 146 |
| Investment cash-out refinance | 66% | 33 / 50 | 94% | $135K | 31 |
| Investment refinance | 84% | 62 / 74 | 97% | $225K | 60 |
| Investment home improvement | 41% | 31 / 75 | 97% | $115K | 30 |
Horizon Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Indiana | 75% | $105K | 5,448 | 3,895 |
| Michigan | 75% | $235K | 1,260 | 911 |
| Illinois | 69% | $285K | 49 | 31 |
| Florida | 68% | $275K | 28 | 19 |
| Arizona | 67% | $445K | 6 | 4 |
| California | 0% | — | 5 | 0 |
| Tennessee | 40% | $535K | 5 | 2 |
| North Carolina | 50% | $195K | 4 | 2 |
| Alabama | 67% | $165K | 3 | 2 |
| Louisiana | 0% | — | 3 | 0 |
| Ohio | 33% | $445K | 3 | 1 |
| Colorado | 50% | $665K | 2 | 1 |
| Pennsylvania | 0% | — | 2 | 0 |
| Washington | 0% | — | 2 | 0 |
| District of Columbia | 100% | $1.35M | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.