# Horizon Bank

> **Canonical URL:** https://saferate.com/lenders/horizon-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Horizon Bank is a bank, headquartered in Michigan City, IN, serving borrowers across 13 states, with 767 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 56% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 37% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** P7GC0W65KB5CEIHLDX81
- **Headquarters:** Michigan City, IN
- **Geographic Reach:** Multi-Region
- **States Served:** 13
- **State List:** AL, AZ, CO, FL, GA, IA, IL, IN, KY, MI, MO, OH, TN
- **Markets (MSAs):** 11
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 44/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.414%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,601
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 767
- **Dollar Volume:** $216 million
- **Applications Received:** 1,077
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $282,249
- **Average Borrower Income:** $149,381
- **Average Property Value:** $386,838

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 76/100 | 680 | +0.414% | $1,620 | Strong 😀 |
| FHA | 58/100 | 50 | +0.485% | $1,649 | Sound ☺️ |
| Jumbo | 75/100 | 32 | +0.296% | $1,147 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 558 loans, Score: 75/100 (Strong)
- Refinance: 122 loans, Score: 72/100 (Strong)

**FHA:**
- Purchase: 45 loans, Score: 57/100 (Sound)

**Jumbo:**
- Purchase: 29 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 73/100 | 636 | $186M | +0.407% | Strong 😀 |
| Refinance | 70/100 | 131 | $30M | +0.445% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 468 | 0.51% | 80/100 |
| MI | 275 | 0.24% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 202 | 63/100 |
| Lake County | IN | 131 | 85/100 |
| Michigan City | IN | 88 | 100/100 |
| South Bend | IN-MI | 58 | 70/100 |
| Niles, MI | MI | 40 | 67/100 |
| Kalamazoo | MI | 39 | 62/100 |
| Indianapolis | IN | 38 | 56/100 |
| Grand Rapids | MI | 36 | 55/100 |
| Elkhart | IN | 31 | 62/100 |
| Lafayette | IN | 22 | 54/100 |
| Fort Wayne, IN | IN | 11 | 42/100 |

## Where This Lender Ranks

Horizon Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Michigan City for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/michigan-city/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Lake County for Jumbo Loans
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/jumbo-loans)
- 🥈 **#2** in Lake County for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks/jumbo-loans)
- 🥈 **#2** in Michigan City
  - [View Full Rankings](https://saferate.com/michigan-city/best-mortgage-lenders)
- 🥈 **#2** in Michigan City Banks
  - [View Full Rankings](https://saferate.com/michigan-city/best-mortgage-lenders/banks)
- 🥈 **#2** in Michigan City for Conventional Loans
  - [View Full Rankings](https://saferate.com/michigan-city/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Elkhart Banks
  - [View Full Rankings](https://saferate.com/elkhart/best-mortgage-lenders/banks)
- 🏆 **#4** in South Bend Banks
  - [View Full Rankings](https://saferate.com/south-bend/best-mortgage-lenders/banks)
- 🏆 **#4** in Niles, MI Banks
  - [View Full Rankings](https://saferate.com/niles-mi/best-mortgage-lenders/banks)
- 🏆 **#4** in Kalamazoo Banks
  - [View Full Rankings](https://saferate.com/kalamazoo/best-mortgage-lenders/banks)
- 🏆 **#4** in Elkhart for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/elkhart/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Niles, MI for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/niles-mi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Grand Rapids for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/grand-rapids/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#6** in Lake County for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Kalamazoo for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kalamazoo/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Grand Rapids for Jumbo Loans
  - [View Full Rankings](https://saferate.com/grand-rapids/best-mortgage-lenders/jumbo-loans)
- 🏆 **#7** in South Bend for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-bend/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in Indiana for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#8** in Lake County for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Lafayette Banks
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Horizon Bank offer?

Horizon Bank offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Horizon Bank offer mortgages?

Horizon Bank offers mortgages in 13 states: AL, AZ, CO, FL, GA, IA, IL, IN, KY, MI, MO, OH, TN.

### How competitive are Horizon Bank's mortgage rates?

Horizon Bank has a pricing score of 44/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.414% above market average.

### What type of lender is Horizon Bank?

Horizon Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Michigan City, IN.

### What is Horizon Bank's loan approval success rate?

Horizon Bank has a pull-through score of 63/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/horizon-bank

### How to Cite

> "Horizon Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/horizon-bank

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