Pennymac Loan Services · Ohio · 2025

Pennymac Loan Services in Ohio: approval rate, denial rate and rates (2025)

Pennymac Loan Services took 5,767 mortgage applications in Ohio in 2025, ranking #16 of 1,092 lenders active in the state. It originated 51.4% of them and denied 11.8% (18.1% of the applications it decided), against a statewide denial rate of 17.7%.

5.8kApplicationsin OH
18.1%Decision denial ratestate 21.9%
6.49%Median ratestate 6.88%
$195,000Median loanstate $155,000
$654MVolume88 counties

Pennymac Loan Services in Ohio vs the state

11.8%Denial rate-5.88 pts vs state
18.1%Decision denial rate-3.83 pts vs state
51.4%Origination rate-8.50 pts vs state
6.49%Median rate-0.38 pts vs state
0.38Rate spread (pts)-0.01 pts vs state
$92kMedian applicant income
2,964Loans originated
681Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,4571,12814.3%6.63%#33
20243,6941,81511.9%6.25%#23
20255,7672,96411.8%6.49%#16

What Pennymac Loan Services lends in Ohio

By loan purpose

Home purchase 1,130 20% · 10.4% denied
Refinance 2,022 35% · 5.5% denied
Cash-out refinance 1,510 26% · 20.0% denied
Home improvement 1 0% · 100.0% denied
Other / HELOC 1,104 19% · 13.6% denied

By loan type

Conventional 2,442 42% · 11.4% denied
FHA 2,302 40% · 13.9% denied
VA 981 17% · 7.9% denied
USDA / RHS 42 1% · 16.7% denied

Why it denied Ohio applicants

Collateral 203 30%
Debt-to-income ratio 168 25%
Credit history 145 21%
Incomplete application 95 14%
Insufficient cash 23 3%
Other 22 3%
Unverifiable information 19 3%
Employment history 6 1%

Where in Ohio

Counties with the most Pennymac Loan Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Franklin County 72544281 11.2%
Cuyahoga County 50824272 14.2%
Hamilton County 36116445 12.5%
Montgomery County 28813733 11.5%
Summit County 25712831 12.1%
Lorain County 23511828 11.9%
Butler County 22311422 9.9%
Stark County 1719011 6.4%
Clermont County 1527715 9.9%
Fairfield County 1487917 11.5%

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: 5,767 applications in 2025, of which 2,964 were originated and 681 denied.

11.8% of all applications, or 18.1% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans Pennymac Loan Services originated in Ohio in 2025 was 6.49%, against a statewide median of 6.88%.

About this data. Figures are Pennymac Loan Services'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