Fifth Third Bank, National Association: mortgage applications, originations and denial rate, 2024

Lenders › Fifth Third Bank, National Association

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. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.

Fifth Third Bank, National Association's 2024 HMDA filing covers 56,152 applications and 30,494 originated loans totalling $6.2bn, in 25 states.

Its denial rate, the share of decided applications the lender denied, was 32.7%, above the national rate of 24.3% and above the Ohio rate of 23.5%. 7,120 applications were withdrawn by the applicant and 2,129 files were closed for incompleteness; those are not counted in the denial rate.

The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.8 percentage points (national median 0.3); 30.8% of its originations had a spread of 1.5 points or more.

By loan purpose the originations were mostly home purchase (31%) and home improvement (26%); by loan type, conventional (96%) and FHA (3%).

The largest volumes were in Ohio (9,650 originations), Michigan (4,686 originations) and Indiana (3,823 originations).

Applications were up 12% on 2023.

VA lender statistics list 40 VA-guaranteed loans for the lender in August 2026.

56,152applications, 20248,068 purchased loans, counted separately

30,494loans originated$6.2bn in total

32.7%denial rateUS 24.3% · OH 23.5%

0.8 ppmedian rate spread on originationsUS 0.3 pp

Compared with Ohio and the nation

Measure	This lender	Ohio, all lenders	United States
Denial rate (denied ÷ decided applications)	32.7%	23.5%	24.3%
Median rate spread, percentage points	0.8	0.5	0.3
Originations with spread of 1.5 pp or more	30.8%	17.7%	15.6%
Average originated loan	$204k	$218k	$329k
Home purchase share of originations	30.6%	51.7%	57.0%
FHA-insured share of originations	3.2%	12.3%	13.4%
VA-guaranteed share of originations	0.8%	5.9%	7.9%
Applications withdrawn by applicant	12.7%	14.0%	14.3%

Ohio is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.

Trend by year

ApplicationsOriginations

Applications and originations reported by Fifth Third Bank, National Association, 2022–2024

This lenderOhioUnited States

Denial rate by year, with Ohio and US rates dashed

Loan/application register records filed by Fifth Third Bank, National Association each year, 2018–2024 (HMDA transmittal sheets; includes purchased loans and preapproval requests)

Year	Applications	Originations	Amount	Denial rate	Median spread	LAR records
2018	—	—	—	—	—	45,831
2019	—	—	—	—	—	109,832
2020	—	—	—	—	—	124,549
2021	—	—	—	—	—	145,301
2022	83,576	50,427	$8.6bn	26.2%	0.2	110,747
2023	50,069	28,050	$4.9bn	30.7%	0.8	59,075
2024	56,152	30,494	$6.2bn	32.7%	0.8	64,220

Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.

Loan purpose and loan type

By purpose

Home purchase 31% (9,322)Home improvement 26% (7,958)Refinancing 20% (6,111)Cash-out refinancing 5% (1,464)Other purpose 18% (5,639)

By type

Conventional 96% (29,219)FHA 3% (967)VA 1% (258)USDA 0% (50)

Loan type	Applications	Originations	Denied	Denial rate (of applications)
Conventional	53,600	29,219	14,792	27.6%
FHA-insured	2,026	967	447	22.1%
VA-guaranteed	442	258	66	14.9%
USDA Rural Housing Service or Farm Service Agency guaranteed	84	50	16	19.0%

Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.

Action taken

HMDA action taken	Records	Share
1 Loan originated	30,494	47.5%
2 Application approved but not accepted	1,088	1.7%
3 Application denied	15,321	23.9%
4 Application withdrawn by applicant	7,120	11.1%
5 File closed for incompleteness	2,129	3.3%
6 Purchased loan	8,068	12.6%
7 Preapproval request denied	0	0.0%
8 Preapproval request approved but not accepted	0	0.0%

Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.

Denial reasons as coded

Credit history39.3%

Debt-to-income ratio21.3%

Other17.8%

Collateral12.5%

Credit application incomplete5.7%

Unverifiable information2%

Employment history1.2%

Insufficient cash (downpayment, closing costs)0.2%

Mortgage insurance denied0%

Share of the lender's 15,321 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.

States

State	Applications	Originations	Amount	Denial rate	Median spread
Ohio	16,649	9,650	$1.5bn	29.8%	0.9
Michigan	8,288	4,686	$730m	30.9%	0.8
Indiana	6,642	3,823	$543m	31.2%	1.0
Florida	6,305	2,670	$833m	45.2%	0.7
Illinois	5,979	2,966	$774m	36.9%	0.7
Kentucky	4,175	2,422	$372m	29.3%	0.9
North Carolina	2,995	1,646	$469m	31.7%	0.6
Tennessee	1,450	769	$236m	33.0%	0.7
Georgia	1,224	558	$142m	39.1%	0.8
South Carolina	983	596	$363m	22.2%	0.1
West Virginia	331	189	$24m	29.9%	1.2
Texas	123	42	$23m	33.8%	0.1
New York	115	41	$17m	39.7%	0.1
California	99	48	$54m	23.8%	-0.1
Pennsylvania	90	39	$12m	32.8%	0.1
Wisconsin	85	48	$25m	21.3%	0.2
New Jersey	63	28	$12m	25.6%	-0.1
Virginia	60	32	$13m	11.1%	0.2
Missouri	55	30	$11m	18.9%	0.2
Arizona	47	23	$17m	7.4%	—
Colorado	44	20	$13m	20.0%	—
Alabama	43	22	$7.7m	18.5%	—
Massachusetts	35	15	$9.9m	—	—
Minnesota	31	14	$2.9m	—	—
Maryland	25	12	$6.3m	—	—

States with at least 25 applications. States with 100 or more link to the lender's page for that state.

Counties

County	State	Applications	Originations	Amount	Denial rate
Cook County	IL	2,932	1,309	$401m	41.3%
Hamilton County	OH	2,122	1,192	$190m	30.1%
Franklin County	OH	1,760	991	$186m	31.4%
Cuyahoga County	OH	1,593	910	$159m	31.5%
Kent County	MI	1,212	710	$128m	27.5%
Lucas County	OH	1,096	660	$71m	29.4%
Butler County	OH	1,078	614	$83m	30.0%
Jefferson County	KY	1,058	580	$94m	31.5%
Montgomery County	OH	1,095	576	$55m	34.6%
Marion County	IN	894	439	$68m	38.4%
Ottawa County	MI	642	432	$80m	21.8%
Lorain County	OH	638	403	$52m	27.3%
DuPage County	IL	681	394	$137m	29.2%
Warren County	OH	642	391	$62m	26.5%
Clermont County	OH	649	388	$51m	28.1%
Summit County	OH	631	375	$57m	27.2%
Allen County	IN	550	360	$59m	21.5%
Mecklenburg County	NC	656	314	$79m	36.3%
Oakland County	MI	540	298	$66m	29.9%
Wake County	NC	507	282	$109m	31.0%
Wayne County	MI	684	278	$34m	49.6%
Kenton County	KY	445	272	$32m	27.0%
Lee County	FL	634	267	$61m	45.4%
Lake County	IL	521	259	$68m	32.8%
Will County	IL	432	257	$54m	27.1%
Delaware County	OH	402	252	$67m	24.0%
Muskegon County	MI	393	249	$29m	25.4%
Hamilton County	IN	398	245	$64m	24.5%
Lake County	IN	421	242	$30m	33.8%
Campbell County	KY	399	234	$34m	28.2%

Up to 30 counties with at least 50 applications, by originations.

VA-guaranteed loans by month

All VA loansPurchase

Loans guaranteed by VA for FIFTH THIRD BANK, N.A., Sep 2024 to Aug 2026 (VA lender statistics, national)

Month	All	Purchase	Cash-out	IRRRL
Aug 2026	40	26	13	1
Jul 2026	46	36	10	0
Jun 2026	48	30	11	7
May 2026	29	15	10	4
Apr 2026	34	17	7	10
Mar 2026	42	17	14	11
Feb 2026	36	15	13	8
Jan 2026	41	18	15	8
Dec 2025	63	21	16	26
Nov 2025	40	15	8	17
Oct 2025	32	21	9	2
Sep 2025	18	13	5	0

Fiscal-year totals (VA): FY2018 112,083,728 · FY2019 106,917,467 · FY2020 160,112,287 · FY2021 105,385,295 · FY2022 106,890,710 · FY2023 48,314,455 · FY2024 65,333,177 · FY2025 76,930,129. Matched to the VA lender name "FIFTH THIRD BANK, N.A."; VA counts loans by guarantee date, HMDA by application year, so the two series differ.

Questions and answers

How many mortgages did Fifth Third Bank, National Association originate in 2024?

30,494 loans totalling $6.2bn, from 56,152 applications reported under HMDA. It also purchased 8,068 loans from other institutions, which are counted separately.

What is Fifth Third Bank, National Association's denial rate and how does it compare?

32.7% of decided applications were denied in 2024, against 24.3% nationally and 23.5% in 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.

Which counties does Fifth Third Bank, National Association lend in most?

By originations: Cook County, IL (1,309), Hamilton County, OH (1,192), Franklin County, OH (991), Cuyahoga County, OH (910) and Kent County, MI (710).

What loan types does Fifth Third Bank, National Association make?

Conventional 29,219, FHA 967, VA 258 and USDA 50 originations in 2024; by purpose, home purchase 9,322, home improvement 7,958, refinancing 6,111, cash-out refinancing 1,464 and other purpose 5,639.

What reasons did Fifth Third Bank, National Association report for denials?

The first denial reason recorded most often was credit history (6,014), debt-to-income ratio (3,259) and other (2,722), as coded by the lender in its HMDA filing.

Where does this data come from?

From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.

Provenance

Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.