KeyBank · Ohio · 2025

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

KeyBank took 3,468 mortgage applications in Ohio in 2025, ranking #31 of 1,092 lenders active in the state. It originated 59.7% of them and denied 24.7% (28.8% of the applications it decided), against a statewide denial rate of 17.7%.

3.5kApplicationsin OH
28.8%Decision denial ratestate 21.9%
6.63%Median ratestate 6.88%
$115,000Median loanstate $155,000
$401MVolume64 counties

KeyBank in Ohio vs the state

24.7%Denial rate+7.05 pts vs state
28.8%Decision denial rate+6.92 pts vs state
59.7%Origination rate-0.18 pts vs state
6.63%Median rate-0.25 pts vs state
0.25Rate spread (pts)-0.14 pts vs state
$84kMedian applicant income
2,071Loans originated
858Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,6812,51229.9%7.25%#15
20243,4801,96128.4%6.75%#27
20253,4682,07124.7%6.63%#31

What KeyBank lends in Ohio

By loan purpose

Home purchase 1,109 32% · 12.5% denied
Refinance 423 12% · 28.4% denied
Cash-out refinance 427 12% · 33.5% denied
Home improvement 938 27% · 29.6% denied
Other / HELOC 571 16% · 31.2% denied

By loan type

Conventional 3,222 93% · 23.7% denied
FHA 199 6% · 42.7% denied
VA 47 1% · 19.2% denied

Why it denied Ohio applicants

Credit history 324 38%
Incomplete application 187 22%
Debt-to-income ratio 163 19%
Collateral 83 10%
Other 68 8%
Insufficient cash 16 2%
Unverifiable information 16 2%
Employment history 1 0%

Where in Ohio

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cuyahoga County 1,093663284 26.0%
Lucas County 34824460 17.2%
Franklin County 24112966 27.4%
Summit County 17910748 26.8%
Lorain County 1719748 28.1%
Stark County 16710935 21.0%
Montgomery County 1267235 27.8%
Lake County 1116330 27.0%
Hamilton County 924722 23.9%
Erie County 814822 27.2%

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: 3,468 applications in 2025, of which 2,071 were originated and 858 denied.

24.7% of all applications, or 28.8% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

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

About this data. Figures are KeyBank'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