By the Wirly Editorial Team | AI-assisted, human-reviewed
Mortgage Refinancing in Ohio
Real refinance data for Ohio from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
29,171
2024 HMDA data
Avg Loan Amount
$261,931
National: $428,119
Denial Rate
25.32%
▼ Above national avg
Median Home Value
$199,200
U.S. Census Bureau
Source: HMDA 2024 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in Ohio
Originations by Year
Refinance originations in Ohio by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in Ohio
Source: FHFA House Price Index
Top Lenders in Ohio
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | The Huntington National Bank | 51,960 | - |
| 2 | The Huntington National Bank | 45,207 | - |
| 3 | The Huntington National Bank | 44,231 | - |
| 4 | Fifth Third Bank National Association | 28,234 | - |
| 5 | Rocket Mortgage LLC | 24,000 | - |
| 6 | Rocket Mortgage LLC | 19,726 | - |
| 7 | Third Federal Savings And Loan Association Of Cleveland | 19,310 | - |
| 8 | U.s. Bank National Association | 18,999 | - |
| 9 | Fifth Third Bank National Association | 17,785 | - |
| 10 | Pnc Bank National Association | 16,127 | - |
Ranked by total HMDA filings in the state (2024). Source: HMDA via CFPB.
Compare all lenders →How Ohio Compares
| Metric | Ohio | National Avg |
|---|---|---|
| Refinance Originations | 29,171 | 697,820 |
| Avg Loan Amount | $261,931 | $428,119 |
| Denial Rate | 25.32% | 24.2% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2024, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.51%
▲ 6.36% prev
15-Year Fixed
5.85%
▲ 5.71% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in Ohio in 2024?
In 2024, there were 29,171 refinance originations in Ohio, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in Ohio?
The average refinance loan amount in Ohio was $261,931 in 2024. This reflects originated loans reported through HMDA.
What is the refinance denial rate in Ohio?
The refinance denial rate in Ohio was 25.32% in 2024. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in Ohio?
The most active lenders in Ohio by HMDA filing volume include The Huntington National Bank, The Huntington National Bank, The Huntington National Bank. See the full list above for details.
Is it a good time to refinance in Ohio?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in Ohio, including tips, regulations, and state programs.
Read the Ohio Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.