Lower · Ohio · 2025

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

Lower took 2,641 mortgage applications in Ohio in 2025, ranking #38 of 1,092 lenders active in the state. It originated 62.1% of them and denied 8.1% (11.5% of the applications it decided), against a statewide denial rate of 17.7%.

2.6kApplicationsin OH
11.5%Decision denial ratestate 21.9%
6.63%Median ratestate 6.88%
$245,000Median loanstate $155,000
$465MVolume84 counties

Lower in Ohio vs the state

8.1%Denial rate-9.55 pts vs state
11.5%Decision denial rate-10.42 pts vs state
62.1%Origination rate+2.24 pts vs state
6.63%Median rate-0.25 pts vs state
0.42Rate spread (pts)+0.03 pts vs state
$102kMedian applicant income
1,641Loans originated
215Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
202398158613.2%7.13%#75
20242,8451,9128.5%6.99%#36
20252,6411,6418.1%6.63%#38

What Lower lends in Ohio

By loan purpose

Home purchase 1,693 64% · 4.2% denied
Refinance 360 14% · 15.0% denied
Cash-out refinance 587 22% · 15.2% denied
Home improvement 1 0% · 100.0% denied

By loan type

Conventional 1,704 65% · 5.6% denied
FHA 765 29% · 13.6% denied
VA 159 6% · 8.8% denied
USDA / RHS 13 0% · 15.4% denied

Why it denied Ohio applicants

Credit history 66 31%
Debt-to-income ratio 66 31%
Collateral 31 14%
Incomplete application 16 7%
Other 12 6%
Insufficient cash 12 6%
Employment history 8 4%
Unverifiable information 4 2%

Where in Ohio

Counties with the most Lower applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Franklin County 87754847 5.4%
Delaware County 1581125 3.2%
Fairfield County 137968 5.8%
Hamilton County 1167713 11.2%
Cuyahoga County 106557 6.6%
Licking County 100716 6.0%
Montgomery County 61348 13.1%
Pickaway County 60426 10.0%
Butler County 50296 12.0%
Marion County 48297 14.6%

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: 2,641 applications in 2025, of which 1,641 were originated and 215 denied.

8.1% of all applications, or 11.5% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

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

About this data. Figures are Lower'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