1st Source Bank
1st Source Bank received 2,825 applications in 2025 and made 1,930 mortgages, in 86 counties across 6 states. The median rate its borrowers got was 7.500% on a median loan of $105,000. Of 2,624 decisions, 506 were denials — 19.3%, most often for credit history.
| Legal Entity Identifier | LCUAWMT4M5H8DJ8DFH49 |
|---|---|
| Applications received | 2,825 |
| Mortgages made | 1,930 |
| Denied | 506 |
| Approved, not taken up | 188 |
| Withdrawn or incomplete | 201 |
| Loans bought from other lenders | 2 |
| Median rate spread over the prime offer rate | 0.381 points |
| FDIC-insured bank | Yes: 1st Source Bank, 81 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 437 | 6.750% | $225,000 | 8.1% |
| Refinancing | 555 | 7.500% | $85,000 | 14.3% |
| Cash-out refinancing | 155 | 6.875% | $155,000 | 21.0% |
| Other purposes | 783 | 7.750% | $55,000 | 26.8% |
Where 1st Source Bank lends most
The 50 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| St. Joseph County, IN | 585 | 7.500% | 15.8% |
| Elkhart County, IN | 193 | 7.500% | 24.1% |
| Allen County, IN | 169 | 7.250% | 19.2% |
| Porter County, IN | 131 | 7.750% | 20.1% |
| LaPorte County, IN | 120 | 7.500% | 17.6% |
| Marshall County, IN | 101 | 7.500% | 23.1% |
| Berrien County, MI | 69 | 7.500% | 26.0% |
| Cass County, MI | 66 | 7.500% | 14.1% |
| Kosciusko County, IN | 59 | 7.500% | 24.1% |
| Starke County, IN | 53 | 7.750% | 23.0% |
| Tippecanoe County, IN | 52 | 7.250% | 20.6% |
| Huntington County, IN | 34 | 7.250% | 23.9% |
| Fulton County, IN | 28 | 7.750% | 34.1% |
| Whitley County, IN | 25 | 7.625% | 14.3% |
| Marion County, IN | 22 | 7.000% | 0.0% |
| Wells County, IN | 21 | 7.250% | 16.0% |
| Hamilton County, IN | 19 | 6.750% | 12.5% |
| Pulaski County, IN | 16 | 7.750% | 28.0% |
| Kalamazoo County, MI | 15 | 7.375% | 23.8% |
| Jasper County, IN | 9 | Under 10 loans | 23.1% |
| Miami County, IN | 9 | Under 10 loans | 25.0% |
| Lake County, IN | 8 | Under 10 loans | 38.5% |
| LaGrange County, IN | 6 | Under 10 loans | 0.0% |
| Wabash County, IN | 6 | Under 10 loans | 0.0% |
| Boone County, IN | 5 | Under 10 loans | 0.0% |
| Clinton County, IN | 5 | Under 10 loans | 25.0% |
| DeKalb County, IN | 5 | Under 10 loans | 16.7% |
| Noble County, IN | 5 | Under 10 loans | 37.5% |
| St. Joseph County, MI | 5 | Under 10 loans | 14.3% |
| Lee County, FL | 4 | Under 10 loans | 20.0% |
| Adams County, IN | 4 | Under 10 loans | 0.0% |
| Carroll County, IN | 4 | Under 10 loans | 16.7% |
| Steuben County, IN | 4 | Under 10 loans | 16.7% |
| Lake County, MI | 4 | Under 10 loans | 20.0% |
| Broward County, FL | 3 | Under 10 loans | 0.0% |
| Collier County, FL | 3 | Under 10 loans | 33.3% |
| Sarasota County, FL | 3 | Under 10 loans | 20.0% |
| Lake County, IL | 3 | Under 10 loans | 0.0% |
| Hendricks County, IN | 3 | Under 10 loans | 0.0% |
| Jay County, IN | 3 | Under 10 loans | 0.0% |
| Monroe County, IN | 3 | Under 10 loans | 0.0% |
| Morgan County, IN | 3 | Under 10 loans | 25.0% |
| Van Buren County, MI | 3 | Under 10 loans | 50.0% |
| Charlotte County, FL | 2 | Under 10 loans | 0.0% |
| Manatee County, FL | 2 | Under 10 loans | 0.0% |
| Grant County, IN | 2 | Under 10 loans | 33.3% |
| Montgomery County, IN | 2 | Under 10 loans | 0.0% |
| Charlevoix County, MI | 2 | Under 10 loans | 0.0% |
| Grand Traverse County, MI | 2 | Under 10 loans | 0.0% |
| Maricopa County, AZ | 1 | Under 10 loans | 0.0% |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.