BMO Bank · Ohio · 2025

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

BMO Bank took 36 mortgage applications in Ohio in 2025, ranking #446 of 1,092 lenders active in the state. It originated 25.0% of them and denied 61.1% (68.8% of the applications it decided), against a statewide denial rate of 17.7%.

36Applicationsin OH
68.8%Decision denial ratestate 21.9%
6.75%Median ratestate 6.88%
$155,000Median loanstate $155,000
$2.5MVolume17 counties

BMO Bank in Ohio vs the state

61.1%Denial rate+43.42 pts vs state
68.8%Decision denial rate+46.86 pts vs state
25.0%Origination rate-34.90 pts vs state
6.75%Median rate-0.13 pts vs state
0.39Rate spread (pts)0.00 pts vs state
$160kMedian applicant income
9Loans originated
22Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023632534.9%6.13%#362
2024833328.9%6.88%#331
202536961.1%6.75%#446

What BMO Bank lends in Ohio

By loan purpose

Home purchase 11 31% · 18.2% denied
Refinance 2 6% · 50.0% denied
Cash-out refinance 3 8% · 100.0% denied
Home improvement 13 36% · 84.6% denied
Other / HELOC 7 19% · 71.4% denied

By loan type

Conventional 36 100% · 61.1% denied

Why it denied Ohio applicants

Other 9 41%
Credit history 5 23%
Incomplete application 4 18%
Debt-to-income ratio 2 9%
Collateral 2 9%

Where in Ohio

Counties with the most BMO Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cuyahoga County 621 16.7%
Franklin County 413 75.0%
Delaware County 413 75.0%
Warren County 312 66.7%
Hamilton County 303 100.0%
Perry County 202 100.0%
Summit County 202 100.0%
Montgomery County 210 0.0%
Ross County 202 100.0%
Miami County 101 100.0%

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: 36 applications in 2025, of which 9 were originated and 22 denied.

61.1% of all applications, or 68.8% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans BMO Bank originated in Ohio in 2025 was 6.75%, against a statewide median of 6.88%.

About this data. Figures are BMO Bank'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