Richland County, OH Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 3,848 mortgage applications in Richland County, OH totaling $524.2 million, down 26% from 2022. The average application was for $136,000, and applicants reported an average income of $85,000. 56% of applications resulted in an originated loan and 17% were denied. The most active lender was The Park National Bank, with 438 applications, followed by Mechanics Bank and Huntington National Bank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,848 |
| Total Mortgage Loan Application Amount | $524,240,000 |
| Average Mortgage Loan Application Amount | $136,000 |
| Highest Mortgage Loan Application Amount | $4,905,000 |
| Average Applicant Income | $85,000 |
| Highest Applicant Income | $6,828,000 |
Top Mortgage Lenders in Richland County, OH (2023)
Ranked by the number of mortgage applications each lender reported in Richland County, OH in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | The Park National Bank Newark, OH |
438 | $43,470,000 | $99,000 | $76,000 |
| 2 | Mechanics Bank Mansfield, OH |
427 | $64,285,000 | $150,000 | $98,000 |
| 3 | Huntington National Bank Columbus, OH |
321 | $32,295,000 | $100,000 | $110,000 |
| 4 | Crosscountry Mortgage, LLC Cleveland, OH |
189 | $28,725,000 | $151,000 | $71,000 |
| 5 | 21st Mortgage Knoxville, TN |
172 | $14,260,000 | $82,000 | $61,000 |
| 6 | Fairway Independent Mort Corp Madison, WI |
124 | $18,350,000 | $147,000 | $68,000 |
| 7 | Directions Credit Union Toledo, OH |
124 | $8,640,000 | $69,000 | $78,000 |
| 8 | loanDepot.com LLC Irvine, CA |
103 | $16,245,000 | $157,000 | $72,000 |
| 9 | Union Home Mortgage Corp. Strongsville, OH |
97 | $15,995,000 | $164,000 | $77,000 |
| 10 | Discover Bank Greenwood, DE |
94 | $5,880,000 | $62,000 | $105,000 |
The tables below break down 2023 mortgage applications in Richland County, OH by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Richland County, OH in 2023
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 1,959 | $327,925,000 | $167,000 | $3,155,000 | $83,000 | $1,795,000 |
| Cash-out Refinancing | 611 | $93,995,000 | $153,000 | $4,905,000 | $78,000 | $1,369,000 |
| Home Improvement | 517 | $33,205,000 | $64,000 | $3,015,000 | $85,000 | $875,000 |
| Other Purpose | 473 | $31,485,000 | $66,000 | $425,000 | $102,000 | $6,828,000 |
| Refinancing | 280 | $37,220,000 | $132,000 | $2,605,000 | $82,000 | $569,000 |
| Not Applicable | 8 | $410,000 | $51,000 | $95,000 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 3,005 | $379,775,000 | $126,000 | $1,175,000 | $85,000 | $6,828,000 |
| Not Provided | 324 | $46,140,000 | $142,000 | $835,000 | $86,000 | $640,000 |
| Not applicable | 284 | $68,770,000 | $242,000 | $4,905,000 | $18,000 | $57,000 |
| Black or African American | 135 | $14,875,000 | $110,000 | $605,000 | $77,000 | $775,000 |
| Hispanic | 50 | $7,080,000 | $141,000 | $315,000 | $82,000 | $208,000 |
| Asian | 23 | $3,485,000 | $151,000 | $385,000 | $85,000 | $199,000 |
| American Indian or Alaskan Native | 19 | $2,295,000 | $120,000 | $305,000 | $60,000 | $200,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $775,000 | $258,000 | $465,000 | $131,000 | $188,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 2,870 | $358,040,000 | $124,000 | $4,905,000 | $89,000 | $6,828,000 |
| FHA-insured (Federal Housing Administration) | 664 | $103,460,000 | $155,000 | $485,000 | $68,000 | $236,000 |
| VA-guaranteed (Veterans Administration) | 284 | $58,080,000 | $204,000 | $595,000 | $81,000 | $235,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 30 | $4,660,000 | $155,000 | $225,000 | $73,000 | $120,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,174 | $320,560,000 | $147,000 | $4,905,000 | $91,000 | $1,795,000 |
| Application Denied By Financial Institution | 636 | $60,520,000 | $95,000 | $505,000 | $80,000 | $6,828,000 |
| Application Withdrawn By Applicant | 438 | $61,540,000 | $140,000 | $1,085,000 | $79,000 | $772,000 |
| File Closed For Incompleteness | 235 | $23,575,000 | $100,000 | $485,000 | $72,000 | $305,000 |
| Loan Purchased By The Institution | 220 | $37,990,000 | $172,000 | $495,000 | $62,000 | $193,000 |
| Application Approved But Not Accepted | 121 | $16,475,000 | $136,000 | $2,945,000 | $74,000 | $470,000 |
| Preapproval Denied by Financial Institution | 23 | $3,465,000 | $150,000 | $345,000 | $54,000 | $111,000 |
| Preapproval Approved but not Accepted | 1 | $115,000 | $115,000 | $115,000 | $54,000 | $54,000 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 3,156 | $455,080,000 | $144,000 | $4,905,000 | $86,000 | $1,369,000 |
| Credit History | 241 | $16,915,000 | $70,000 | $285,000 | $64,000 | $354,000 |
| Debt-To-Income Ratio | 209 | $23,815,000 | $113,000 | $805,000 | $62,000 | $1,795,000 |
| Collateral | 105 | $12,185,000 | $116,000 | $405,000 | $159,000 | $6,828,000 |
| Credit Application Incomplete | 63 | $7,235,000 | $114,000 | $345,000 | $85,000 | $374,000 |
| Other | 43 | $4,895,000 | $113,000 | $475,000 | $88,000 | $346,000 |
| Unverifiable Information | 14 | $1,620,000 | $115,000 | $225,000 | $68,000 | $173,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,260,000 | $126,000 | $165,000 | $61,000 | $125,000 |
| Employment History | 7 | $1,235,000 | $176,000 | $425,000 | $122,000 | $650,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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