Independent Bank · Ohio · 2025

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

Independent Bank took 83 mortgage applications in Ohio in 2025, ranking #350 of 1,092 lenders active in the state. It originated 79.5% of them and denied 6.0% (7.0% of the applications it decided), against a statewide denial rate of 17.7%.

83Applicationsin OH
7.0%Decision denial ratestate 21.9%
6.75%Median ratestate 6.88%
$295,000Median loanstate $155,000
$22MVolume16 counties

Independent Bank in Ohio vs the state

6.0%Denial rate-11.67 pts vs state
7.0%Decision denial rate-14.85 pts vs state
79.5%Origination rate+19.62 pts vs state
6.75%Median rate-0.13 pts vs state
0.26Rate spread (pts)-0.13 pts vs state
$176kMedian applicant income
66Loans originated
5Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
202392719.8%6.88%#314
2024775411.7%6.75%#343
202583666.0%6.75%#350

What Independent Bank lends in Ohio

By loan purpose

Home purchase 55 66% · 0.0% denied
Refinance 9 11% · 11.1% denied
Cash-out refinance 4 5% · 0.0% denied
Home improvement 5 6% · 40.0% denied
Other / HELOC 10 12% · 20.0% denied

By loan type

Conventional 79 95% · 6.3% denied
FHA 3 4% · 0.0% denied
VA 1 1% · 0.0% denied

Why it denied Ohio applicants

Debt-to-income ratio 3 60%
Collateral 1 20%
Credit history 1 20%

Where in Ohio

Counties with the most Independent Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Summit County 42360 0.0%
Cuyahoga County 1190 0.0%
Portage County 660 0.0%
Medina County 531 20.0%
Delaware County 412 50.0%
Franklin County 210 0.0%
Wayne County 211 50.0%
Geauga County 210 0.0%
Stark County 220 0.0%
Fairfield County 110 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: 83 applications in 2025, of which 66 were originated and 5 denied.

6.0% of all applications, or 7.0% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

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

About this data. Figures are Independent 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