PlainLender

FARMERS NATIONAL BANK

NILES, OH

FARMERS NATIONAL BANK processed 1,895 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,313 loans with a 19.1% denial rate. Home Purchase was the primary loan purpose. Based in NILES, OH. The approval rate of 69.3% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. FARMERS NATIONAL BANK processed 1,895 HMDA-reported mortgage applications in 2024, originating 1,313 loans and denying 362 for a denial rate of 19.1% (applicants themselves withdrew 157 files before a decision). The average loan amount was $185,327 at a 7.004% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300YNUT7D0FWKU636 from NILES, OH.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FARMERS NATIONAL BANK's 69.3% origination rate tells you how often an application turned into funded money; the 19.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,837 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,895
Applications
1,313
Originated
19.1%
Denial Rate
$185,327
Avg Loan Amount
Avg Interest Rate: 7.004% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,837 1,280 347 $184,543
FHA 42 21 13 $195,000
VA 16 12 2 $250,000

Top loan types — FARMERS NATIONAL BANK

Top loan types — FARMERS NATIONAL BANK Horizontal bar chart of the top 3 items by value (applications). Top loan types — FARMERS NATIONAL BANK Top 3 1. Conventional 1,837 2. FHA 42 3. VA 16 Top 5 loan types by application volume at FARMERS NATIONAL BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FARMERS NATIONAL BANK (LEI: 549300YNUT7D0FWKU636) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
179
Credit history
115
Collateral
44
Credit application incomplete
31
Other
26
Unverifiable information
7
Employment history
5
Insufficient cash
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 689 555 $275,493
Home Improvement 491 306 $103,045
Refinancing 407 268 $158,219
Other 217 138 $121,774
Cash-out Refinancing 91 46 $219,396

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,702 69.6% 19.0%
Black or African American 28 57.1% 28.6%
Joint 12 75.0% 8.3%
Asian 11 72.7% 27.3%
American Indian or Alaska Native 4 75.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,719 69.9% 19.0%
Hispanic or Latino 26 57.7% 19.2%
Joint 9 33.3% 33.3%

Nearby Lenders in OH

Other HMDA-reporting lenders in OH with similar activity. Compare any two side-by-side.

US BANK, N.A.

CINCINNATI, OH

202,480 apps 74,512 originated 26.8% denied

CROSSCOUNTRY MORTGAGE, LLC

Cleveland, OH

157,258 apps 101,894 originated 2.4% denied

JPMorgan Chase Bank, NA

Columbus, OH

150,113 apps 80,744 originated 8.1% denied

Huntington National Bank

Columbus, OH

99,675 apps 52,025 originated 28.8% denied

Fifth Third Bank, National Association

Cincinnati, OH

64,220 apps 30,494 originated 23.9% denied
Compare FARMERS NATIONAL BANK vs US BANK, N.A. →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did FARMERS NATIONAL BANK process?
FARMERS NATIONAL BANK processed 1,895 mortgage applications in the 2023 HMDA reporting year. Of these, 1,313 were originated (approved and funded), 157 were withdrawn by the applicant, and 362 were denied.
What is FARMERS NATIONAL BANK's mortgage approval rate?
FARMERS NATIONAL BANK has an approval (origination) rate of 69.3%, meaning 69.3% of all applications resulted in a funded mortgage. The denial rate is 19.1%.
What is the average loan amount at FARMERS NATIONAL BANK?
The average mortgage loan amount at FARMERS NATIONAL BANK is $185,327. The average interest rate is 7.004%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at FARMERS NATIONAL BANK?
The most common reasons for mortgage denial at FARMERS NATIONAL BANK are: Debt-to-income ratio, Credit history, Collateral. In total, 362 applications were denied out of 1,895 total applications.
What types of mortgage loans does FARMERS NATIONAL BANK offer?
FARMERS NATIONAL BANK processes Conventional, FHA, VA loans. The most common type is Conventional with 1,837 applications and an average loan amount of $184,543.
What loan purposes does FARMERS NATIONAL BANK serve?
FARMERS NATIONAL BANK serves the following loan purposes: Home Purchase (689 applications), Home Improvement (491 applications), Refinancing (407 applications), Other (217 applications), Cash-out Refinancing (91 applications). Home Purchase is the most common purpose.
Where is FARMERS NATIONAL BANK located?
FARMERS NATIONAL BANK is headquartered in NILES, OH. The lender is identified by LEI 549300YNUT7D0FWKU636 in HMDA data.
How does FARMERS NATIONAL BANK compare in lending across racial demographics?
FARMERS NATIONAL BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 69.6% and denial rate of 19.0%; Black or African American applicants have an approval rate of 57.1% and denial rate of 28.6%; Joint applicants have an approval rate of 75.0% and denial rate of 8.3%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.