New Day Financial · Ohio · 2025

New Day Financial in Ohio: approval rate, denial rate and rates (2025)

New Day Financial took 2,166 mortgage applications in Ohio in 2025, ranking #44 of 1,092 lenders active in the state. It originated 20.9% of them and denied 24.0% (51.5% of the applications it decided), against a statewide denial rate of 17.7%.

2.2kApplicationsin OH
51.5%Decision denial ratestate 21.9%
6.99%Median ratestate 6.88%
$205,000Median loanstate $155,000
$94MVolume85 counties

New Day Financial in Ohio vs the state

24.0%Denial rate+6.32 pts vs state
51.5%Decision denial rate+29.65 pts vs state
20.9%Origination rate-39.03 pts vs state
6.99%Median rate+0.12 pts vs state
0.82Rate spread (pts)+0.44 pts vs state
$67kMedian applicant income
452Loans originated
520Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,68430023.6%7.50%#51
20242,23442626.7%7.50%#42
20252,16645224.0%6.99%#44

What New Day Financial lends in Ohio

By loan purpose

Home purchase 16 1% · 6.3% denied
Refinance 285 13% · 3.2% denied
Cash-out refinance 1,831 85% · 27.0% denied
Other / HELOC 34 2% · 47.1% denied

By loan type

FHA 59 3% · 55.9% denied
VA 2,107 97% · 23.1% denied

Why it denied Ohio applicants

Credit history 304 58%
Debt-to-income ratio 147 28%
Other 50 10%
Collateral 18 3%
Unverifiable information 1 0%

Where in Ohio

Counties with the most New Day Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cuyahoga County 1873264 34.2%
Franklin County 1663636 21.7%
Montgomery County 1503336 24.0%
Hamilton County 1002227 27.0%
Stark County 852717 20.0%
Butler County 841722 26.2%
Summit County 801617 21.3%
Lorain County 711520 28.2%
Lucas County 67617 25.4%
Trumbull County 551015 27.3%

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: 2,166 applications in 2025, of which 452 were originated and 520 denied.

24.0% of all applications, or 51.5% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans New Day Financial originated in Ohio in 2025 was 6.99%, against a statewide median of 6.88%.

About this data. Figures are New Day Financial'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