Desco · Ohio · 2025

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

Desco took 249 mortgage applications in Ohio in 2025, ranking #208 of 1,092 lenders active in the state. It originated 55.8% of them and denied 14.9% (20.1% of the applications it decided), against a statewide denial rate of 17.7%.

249Applicationsin OH
20.1%Decision denial ratestate 21.9%
6.63%Median ratestate 6.88%
$105,000Median loanstate $155,000
$20MVolume11 counties

Desco in Ohio vs the state

14.9%Denial rate-2.83 pts vs state
20.1%Decision denial rate-1.78 pts vs state
55.8%Origination rate-4.08 pts vs state
6.63%Median rate-0.25 pts vs state
0.33Rate spread (pts)-0.06 pts vs state
$79kMedian applicant income
139Loans originated
37Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324414419.3%7.00%#189
202423614321.6%7.00%#199
202524913914.9%6.63%#208

What Desco lends in Ohio

By loan purpose

Home purchase 125 50% · 8.8% denied
Refinance 20 8% · 10.0% denied
Cash-out refinance 93 37% · 21.5% denied
Home improvement 7 3% · 28.6% denied
Other / HELOC 4 2% · 50.0% denied

By loan type

Conventional 232 93% · 13.4% denied
FHA 12 5% · 41.7% denied
VA 1 0% · 100.0% denied
USDA / RHS 4 2% · 0.0% denied

Why it denied Ohio applicants

Credit history 25 68%
Debt-to-income ratio 8 22%
Mortgage insurance denied 1 3%
Insufficient cash 1 3%
Employment history 1 3%
Incomplete application 1 3%

Where in Ohio

Counties with the most Desco applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Scioto County 18010518 10.0%
Lawrence County 542716 29.6%
Pike County 421 25.0%
Gallia County 321 33.3%
Adams County 211 50.0%
Clinton County 100 0.0%
Fulton County 110 0.0%
Pickaway County 100 0.0%
Montgomery County 100 0.0%
Franklin County 100 0.0%

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: 249 applications in 2025, of which 139 were originated and 37 denied.

14.9% of all applications, or 20.1% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans Desco originated in Ohio in 2025 was 6.63%, against a statewide median of 6.88%.

About this data. Figures are Desco'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