HONDA Federal Credit Union · Ohio · 2025

HONDA Federal Credit Union in Ohio: approval rate, denial rate and rates (2025)

HONDA Federal Credit Union took 505 mortgage applications in Ohio in 2025, ranking #136 of 1,092 lenders active in the state. It originated 58.6% of them and denied 17.8% (23.3% of the applications it decided), against a statewide denial rate of 17.7%.

505Applicationsin OH
23.3%Decision denial ratestate 21.9%
7.25%Median ratestate 6.88%
$95,000Median loanstate $155,000
$32MVolume39 counties

HONDA Federal Credit Union in Ohio vs the state

17.8%Denial rate+0.13 pts vs state
23.3%Decision denial rate+1.43 pts vs state
58.6%Origination rate-1.29 pts vs state
7.25%Median rate+0.38 pts vs state
7.03Rate spread (pts)+6.64 pts vs state
$92kMedian applicant income
296Loans originated
90Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
202360242214.0%7.38%#101
202460043613.0%8.00%#112
202550529617.8%7.25%#136

What HONDA Federal Credit Union lends in Ohio

By loan purpose

Home purchase 106 21% · 23.6% denied
Refinance 20 4% · 50.0% denied
Cash-out refinance 369 73% · 14.6% denied
Home improvement 10 2% · 10.0% denied

By loan type

Conventional 505 100% · 17.8% denied

Why it denied Ohio applicants

Debt-to-income ratio 42 47%
Credit history 24 27%
Collateral 12 13%
Insufficient cash 7 8%
Other 3 3%
Employment history 1 1%
Unverifiable information 1 1%

Where in Ohio

Counties with the most HONDA Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Logan County 1025421 20.6%
Union County 896711 12.4%
Champaign County 45306 13.3%
Franklin County 41217 17.1%
Shelby County 39235 12.8%
Auglaize County 31186 19.4%
Delaware County 25175 20.0%
Clark County 1786 35.3%
Hardin County 17114 23.5%
Allen County 1684 25.0%

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: 505 applications in 2025, of which 296 were originated and 90 denied.

17.8% of all applications, or 23.3% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans HONDA Federal Credit Union originated in Ohio in 2025 was 7.25%, against a statewide median of 6.88%.

About this data. Figures are HONDA Federal Credit Union'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