Bank of America · Ohio · 2025

Bank of America in Ohio: approval rate, denial rate and rates (2025)

Bank of America took 2,149 mortgage applications in Ohio in 2025, ranking #45 of 1,092 lenders active in the state. It originated 37.7% of them and denied 33.7% (46.8% of the applications it decided), against a statewide denial rate of 17.7%.

2.1kApplicationsin OH
46.8%Decision denial ratestate 21.9%
5.99%Median ratestate 6.88%
$105,000Median loanstate $155,000
$197MVolume83 counties

Bank of America in Ohio vs the state

33.7%Denial rate+16.00 pts vs state
46.8%Decision denial rate+24.94 pts vs state
37.7%Origination rate-22.21 pts vs state
5.99%Median rate-0.88 pts vs state
0.26Rate spread (pts)-0.13 pts vs state
$109kMedian applicant income
810Loans originated
724Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,25572051.0%7.00%#36
20242,01670537.4%6.88%#45
20252,14981033.7%5.99%#45

What Bank of America lends in Ohio

By loan purpose

Home purchase 624 29% · 15.9% denied
Refinance 224 10% · 27.7% denied
Cash-out refinance 25 1% · 24.0% denied
Home improvement 827 38% · 44.7% denied
Other / HELOC 449 21% · 41.7% denied

By loan type

Conventional 2,131 99% · 33.6% denied
FHA 16 1% · 56.3% denied
VA 2 0% · 0.0% denied

Why it denied Ohio applicants

Credit history 428 59%
Debt-to-income ratio 186 26%
Collateral 67 9%
Unverifiable information 18 2%
Other 17 2%
Employment history 4 1%
Insufficient cash 2 0%
Incomplete application 2 0%

Where in Ohio

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cuyahoga County 348133114 32.8%
Franklin County 32414189 27.5%
Hamilton County 22010359 26.8%
Summit County 1084435 32.4%
Montgomery County 902837 41.1%
Delaware County 764114 18.4%
Warren County 733722 30.1%
Butler County 662625 37.9%
Lorain County 572324 42.1%
Lucas County 521323 44.2%

Other large lenders in Ohio

LenderGradeApplicationsDenial rateMedian rate
The Huntington National BankD 42,68325.8%7.59%
Rocket MortgageC 23,16518.5%6.63%
Fifth Third BankD 21,93925.6%7.50%
Crosscountry MortgageB 16,0663.1%6.75%
United Shore Financial ServicesB 14,62613.1%6.45%
Third Federal Savings and Loan Association of ClevelandC 12,62223.0%6.74%
PNC BankD 11,60724.6%7.40%
Wright-Patt Credit UnionC 8,79128.1%7.50%
U.S. BankD 8,62338.0%7.60%
Citizens BankC 7,77524.3%7.65%

Frequently asked questions

Ohio: 2,149 applications in 2025, of which 810 were originated and 724 denied.

33.7% of all applications, or 46.8% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans Bank of America originated in Ohio in 2025 was 5.99%, against a statewide median of 6.88%.

About this data. Figures are Bank of America's own HMDA filing for properties located in Ohio, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology