Get & compare mortgage quotes anonymously Start in My Home
HB
Unclaimed

Horizon Bank

Bank•Michigan City, INHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Horizon Bank — 767 loans across 1k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · Jumbo
Place
Strong
4/5
Multi-Region · 10 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
Purchase Superstar
Purchase
Superstar
Refinance Superstar
Refinance
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and Jumbo loans

Explore another lender or local market

Report Card

Horizon Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+41.4 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Strong
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 11 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume680
Mix88.7%
Spread
+0.414%Above
Fees
$1,620Fees
FHA Loans
Overall
Sound
Product
Sound
Pricing
Strong
Pull Through
Sound
Volume50
Mix6.5%
Spread
+0.485%Above
Fees
$1,649Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume32
Mix4.2%
Spread
+0.296%Above
Fees
$1,147Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume636
Mix82.9%
Spread
+0.407%Above
Fees
$1,617Fees
Refinance
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume131
Mix17.1%
Spread
+0.445%Above
Fees
$1,527Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
767
Applications
1,077
Volume
$216 million
Pricing & Closing
Avg Rate Spread
+0.414%
vs. market APOR
Avg Net Fees
$1,601
Origination − Credits
Pullthrough Rate
71.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$282,249
Avg Borrower Income
$149,381
Avg Property Value
$386,838

Geographic Coverage

Geographic Performance

Metro Areas
10
markets with activity
States Served
13
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

13
13 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Midwest6
IAILINMIMOOH
South5
ALFLGAKYTN
West2
AZCO

Top Metro Areas by Place Specialization Score

1© 97angel · CC BY-SA 4.0
Michigan City, INMetro
Volume 88Mix 11.47% of portfolio
100/100
Exceptional
2© Richie Diesterheft from Chicago, IL, USA · CC BY 2.0
Lake County, INMetro
Volume 131Mix 17.08% of portfolio
85/100
Exceptional
3© Paul Sableman from St. Louis, MO · CC BY 2.0
South Bend, IN-MIMetro
Volume 58Mix 7.56% of portfolio
70/100
Strong
4© David Wilson · CC BY 2.0
Niles, MIMetro
Volume 40Mix 5.22% of portfolio
67/100
Strong
5© OceanGunfish · CC BY 4.0
Elkhart, INMetro
Volume 31Mix 4.04% of portfolio
62/100
Strong
6© User Mxobe on en.wikipedia · Public domain
Kalamazoo, MIMetro
Volume 39Mix 5.08% of portfolio
62/100
Strong
7© TheWxResearcher · CC0
Indianapolis, INMetro
Volume 38Mix 4.95% of portfolio
56/100
Sound
8© WMrapids · CC0
Grand Rapids, MIMetro
Volume 36Mix 4.69% of portfolio
55/100
Sound
9© Infrogmation of New Orleans · CC BY-SA 4.0
Lafayette, INMetro
Volume 22Mix 2.87% of portfolio
54/100
Sound
10© WeaponizingArchitecture · CC BY-SA 4.0
Fort Wayne, INMetro
Volume 11Mix 1.43% of portfolio
42/100
Sound

Top States by Place Specialization Score

Indiana
Indiana
1
IndianaState
Volume 468Mix 61.02% of portfolio
80/100
Exceptional
Michigan
Michigan
2
MichiganState
Volume 275Mix 35.85% of portfolio
73/100
Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

Looking for a different lender?

Are you the owner of Horizon Bank?

Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.

Claim this Profile
The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.