2025 · Indiana
In 2025, 9,999 investment-property loans worth $2.7B were originated on single-family 1-4 unit homes in Indiana. Here's how those terms compared to the rest of the country.
Investor rate premium
75 bps
U.S. median: 76 bps
Denial rate
17.1%
U.S. median: 17.5%
DSCR / business-purpose
71%
U.S. median: 72%
Median LTV
75%
U.S. median: 74%
Since 2024 in Indiana
Rate premium
75 bps → 75 bps
0 bpsInvestor loans
8,784 → 9,999
+13.8%Denial rate
15.4% → 17.1%
+1.6 ptsDSCR / business-purpose
67% → 71%
+4.1 ptsInvestors in Indiana borrowed at a median rate of 7.374%, versus 6.625% for owner-occupants — a 75 bps premium that ranks 30th of 51 states.
Their applications were denied 17.1% of the time. The leading reasons for denial were collateral, other, debt-to-income ratio.
71% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 22% were cash-out refinances. The typical loan-to-value was 75%, implying about 25% down.
In 2025, the median investment-property loan in Indiana carried a rate of 7.374% versus 6.625% for an owner-occupant — a premium of 75 bps. That ranks 30th of 51 states (1 = highest premium).
17.1% of investment-property applications were denied in Indiana in 2025, the 26th-highest denial rate among the 51 states. The most common denial reasons were collateral, other, debt-to-income ratio.
71% of investor loans in Indiana were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (19th of 51). The median loan-to-value was 75%.
Source: CFPB / FFIEC HMDA combined Modified LAR (loan-level public dataset, early release), 2025. Single-family 1-4 unit, site-built loans; financed purchases only.