TOWER Federal Credit Union · Ohio · 2025

TOWER Federal Credit Union in Ohio: approval rate, denial rate and rates (2025)

TOWER Federal Credit Union took 32 mortgage applications in Ohio in 2025, ranking #463 of 1,092 lenders active in the state. It originated 50.0% of them and denied 37.5% (42.9% of the applications it decided), against a statewide denial rate of 17.7%.

32Applicationsin OH
42.9%Decision denial ratestate 21.9%
7.75%Median ratestate 6.88%
$110,000Median loanstate $155,000
$2.1MVolume16 counties

TOWER Federal Credit Union in Ohio vs the state

37.5%Denial rate+19.81 pts vs state
42.9%Decision denial rate+20.97 pts vs state
50.0%Origination rate-9.90 pts vs state
7.75%Median rate+0.88 pts vs state
1.03Rate spread (pts)+0.64 pts vs state
$132kMedian applicant income
16Loans originated
12Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023432244.2%7.49%#419
2024241820.8%8.75%#497
2025321637.5%7.75%#463

What TOWER Federal Credit Union lends in Ohio

By loan purpose

Home purchase 3 9% · 0.0% denied
Cash-out refinance 10 31% · 40.0% denied
Home improvement 12 38% · 41.7% denied
Other / HELOC 7 22% · 42.9% denied

By loan type

Conventional 32 100% · 37.5% denied

Why it denied Ohio applicants

Credit history 6 50%
Debt-to-income ratio 4 33%
Collateral 1 8%
Other 1 8%

Where in Ohio

Counties with the most TOWER Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cuyahoga County 614 66.7%
Delaware County 311 33.3%
Summit County 321 33.3%
Franklin County 321 33.3%
Lucas County 211 50.0%
Montgomery County 210 0.0%
Muskingum County 220 0.0%
Medina County 211 50.0%
Butler County 210 0.0%
Hamilton County 101 100.0%

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: 32 applications in 2025, of which 16 were originated and 12 denied.

37.5% of all applications, or 42.9% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans TOWER Federal Credit Union originated in Ohio in 2025 was 7.75%, against a statewide median of 6.88%.

About this data. Figures are TOWER Federal Credit Union'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