Cleveland Mortgage Lending in 2025

Explore mortgage lending activity in Cleveland (MSA/MD Code 17410) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 17410
27,310 Loans Originated
• Primary State: Ohio (OH)
• $7.20 Billion Originated Volume
• $225,000 Median Loan
Actionable Applications 33,233 +11.26% vs 2024
Approval Rate 84.74% +0.16 pp vs 2024
Denial Rate 15.26% -0.16 pp vs 2024
Loan Originations 27,310 +11.76% vs 2024
Originated Volume $7.20 Billion +20.11% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 33,233 actionable applications (Actions 1, 2, and 3).

84.74%
15.26%
28,163 approved 5,070 denied
Action 1: Originated
27,310 (82.18%)
Action 2: Approved not accepted
853 (2.57%)
Action 3: Denied
5,070 (15.26%)
Action 4: Withdrawn (not in denominator)
7,034 —
Action 5: Incomplete (not in denominator)
2,103 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How Cleveland Compares

Metro vs. State Baseline (2025)

Metric Cleveland Ohio
Actionable Apps 33,233 189,619
Approval Rate 84.74% 84.54%
Denial Rate 15.26% 15.46%
Originations 27,310 154,049
Originated Volume $7.20 Billion $41.46 Billion
Median Loan $225,000 $235,000
Compared against Ohio statewide baseline in 2025.

Lending Trends in Cleveland

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 37,767 42,370 +12.19%
Actionable Apps 29,869 33,233 +11.26%
Originations 24,436 27,310 +11.76%
Approval Rate 84.58% 84.74% +0.16 pp
Denial Rate 15.42% 15.26% -0.16 pp
Median Loan $205,000 $225,000 +9.76%
Dollar Volume $5.99 Billion $7.20 Billion +20.11%

Applications by Borrower Income (Cleveland)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 6,585 90.04% 9.96%
$150k+ 6,634 93.01% 6.99%
$50k–$99,999 13,562 84.35% 15.65%
<$50k 4,587 65.95% 34.05%
Income unavailable/entity 1,865 85.74% 14.26%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Ohio (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 17410, anchored in Ohio (OH).
Metro Share of State Apps 17.53%
Metro Share of State Volume 17.36%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Ohio statewide mortgage activity

Cleveland is part of OpenFileData’s statewide coverage of Ohio. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Ohio Statewide Overview Active Profile
Statewide Actionable Applications: 189,619
Explore Ohio State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Ohio Profile

Compare all metropolitan areas located in Ohio.

View State Page →

Download Data

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.