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Navy Federal Credit Union in Ohio

HMDA record for properties in Ohio, calendar year 2024. National record · Ohio overview

LEI 5493003GQDUH26DNNH17
Reporting agency Consumer Financial Protection Bureau
State Ohio

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Navy Federal Credit Union's 2024 HMDA record for Ohio covers 3,563 applications, 1,644 of them originated, worth $300m.

Its denial rate in the state was 32.3%, above the Ohio rate of 23.5% across all lenders and compared with the lender's national rate of 34.3%.

The median rate spread on its Ohio originations was 0.5 percentage points (state median 0.5).

Applications in the state were up 12% on 2023.

3,563applications in OH, 20242.0% of the lender's total
1,644loans originated$300m
32.3%denial rateOH all lenders 23.5%
0.5 ppmedian rate spreadOH 0.5 pp

Compared with the state and the lender's national record

MeasureIn OhioOhio, all lendersNavy Federal Credit Union, all statesUnited States
Denial rate32.3%23.5%34.3%24.3%
Median rate spread, pp0.50.50.90.3
Originations with spread of 1.5 pp or more35.1%17.7%39.5%15.6%
Average originated loan$182k$218k$216k$329k
Home purchase share47.9%51.7%37.2%57.0%
FHA-insured share0.0%12.3%0.0%13.4%
VA-guaranteed share26.2%5.9%20.8%7.9%

Trend by year

ApplicationsOriginations

01781.53,5632022: 2,914 Applications2023: 3,170 Applications2024: 3,563 Applications2022: 1,353 Originations2023: 1,377 Originations2024: 1,644 Originations202220232024
Navy Federal Credit Union in Ohio: applications and originations, 2022–2024

This lender in stateOhio, all lenders

0%19.1%38.2%2022: 36.1% This lender in state2023: 38.2% This lender in state2024: 32.3% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Ohio

By purpose

Home purchase 48% (787)Home improvement 20% (327)Refinancing 3% (47)Cash-out refinancing 9% (140)Other purpose 21% (343)

By type

Conventional 74% (1,213)VA 26% (431)

Denial reasons as coded

Debt-to-income ratio35.4%
Other25.6%
Credit history21.3%
Collateral7.6%
Unverifiable information3.8%
Credit application incomplete3.8%
Employment history2.3%
Insufficient cash (downpayment, closing costs)0.4%
Mortgage insurance denied0%

Share of 800 denials in Ohio by first denial reason coded (outlined bar: all lenders in the state).

Counties in Ohio

CountyApplicationsOriginationsAmountDenial rate
Cuyahoga County591240$39m38.5%
Franklin County321156$33m28.5%
Montgomery County230110$21m28.8%
Hamilton County20396$20m31.2%
Summit County18790$14m27.9%
Lorain County14769$13m28.6%
Butler County10658$11m24.4%
Delaware County9646$9.7m32.4%
Greene County9445$8.8m26.2%
Lucas County12244$6.8m47.7%
Warren County8244$11m29.7%
Stark County9439$6.3m32.8%
Licking County6438$7.5m24.0%
Lake County8435$5.4m39.0%
Medina County8334$5.9m34.6%
Clermont County5524$4.8m29.4%
Fairfield County5823$5.3m35.1%
Trumbull County4723$2.9m31.4%
Mahoning County6722$2.9m32.4%
Portage County4421$3.3m38.2%
Miami County3719$3.6m23.1%
Geauga County3419$3.5m25.9%
Wood County3419$3.6m—
Muskingum County2617$3.9m—
Ashtabula County3013$1.9m—
Clark County2813$2.1m—
Columbiana County2613$2.2m—
Richland County3112$1.9m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Navy Federal Credit Union originate in Ohio in 2024?

1,644 loans totalling $300m, from 3,563 applications reported for properties in Ohio.

What is Navy Federal Credit Union's denial rate in Ohio?

32.3% of decided applications in Ohio were denied, against 23.5% for all lenders in the state and 34.3% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which Ohio counties does Navy Federal Credit Union lend in most?

By originations: Cuyahoga County (240), Franklin County (156), Montgomery County (110), Hamilton County (96), Summit County (90).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Ohio. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.