Flagstar Bank · Ohio · 2025

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

Flagstar Bank took 605 mortgage applications in Ohio in 2025, ranking #120 of 1,092 lenders active in the state. It originated 49.6% of them and denied 26.0% (33.8% of the applications it decided), against a statewide denial rate of 17.7%.

605Applicationsin OH
33.8%Decision denial ratestate 21.9%
6.63%Median ratestate 6.88%
$165,000Median loanstate $155,000
$67MVolume64 counties

Flagstar Bank in Ohio vs the state

26.0%Denial rate+8.26 pts vs state
33.8%Decision denial rate+11.87 pts vs state
49.6%Origination rate-10.31 pts vs state
6.63%Median rate-0.25 pts vs state
0.37Rate spread (pts)-0.02 pts vs state
$87kMedian applicant income
300Loans originated
157Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,29374624.7%7.25%#60
20241,32876527.5%6.99%#63
202560530026.0%6.63%#120

What Flagstar Bank lends in Ohio

By loan purpose

Home purchase 303 50% · 26.4% denied
Refinance 42 7% · 23.8% denied
Cash-out refinance 155 26% · 18.7% denied
Home improvement 42 7% · 31.0% denied
Other / HELOC 63 10% · 39.7% denied

By loan type

Conventional 461 76% · 26.3% denied
FHA 111 18% · 24.3% denied
VA 26 4% · 23.1% denied
USDA / RHS 7 1% · 42.9% denied

Why it denied Ohio applicants

Incomplete application 53 34%
Debt-to-income ratio 46 29%
Credit history 30 19%
Collateral 13 8%
Other 9 6%
Insufficient cash 3 2%
Unverifiable information 2 1%
Employment history 1 1%

Where in Ohio

Counties with the most Flagstar Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cuyahoga County 1958653 27.2%
Franklin County 523112 23.1%
Summit County 462111 23.9%
Lake County 34115 14.7%
Lorain County 26185 19.2%
Medina County 2286 27.3%
Lucas County 19145 26.3%
Hamilton County 19105 26.3%
Van Wert County 1774 23.5%
Mahoning County 1174 36.4%

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: 605 applications in 2025, of which 300 were originated and 157 denied.

26.0% of all applications, or 33.8% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

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

About this data. Figures are Flagstar 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