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The Richwood Banking Company

RICHWOOD, OH

The Richwood Banking Company processed 174 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 97 loans with a 12.6% denial rate. Home Purchase was the primary loan purpose. Based in RICHWOOD, OH. The approval rate of 55.7% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. The Richwood Banking Company's 55.7% origination rate tells you how often an application turned into funded money; the 12.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (174 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.

174
Applications
97
Originated
12.6%
Denial Rate
$243,391
Avg Loan Amount
Avg Interest Rate: 7.956% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 174 97 22 $243,391

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for The Richwood Banking Company (LEI: 549300F263I3XPN55P35) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
13
Debt-to-income ratio
11
Credit application incomplete
2
Other
1
Collateral
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 94 47 $344,043
Cash-out Refinancing 25 12 $187,800
Other 25 13 $82,200
Home Improvement 17 14 $87,353
Refinancing 13 11 $136,538

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 139 55.4% 12.9%
Asian * 2 50.0% 50.0%
Black or African American * 2 0.0% 50.0%
Joint * 2 50.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 142 54.2% 14.1%

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 The Richwood Banking Company vs Us Bank, N.A. →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did The Richwood Banking Company process?
The Richwood Banking Company processed 174 mortgage applications in the 2024 HMDA reporting year. Of these, 97 were originated (approved and funded), 27 were withdrawn by the applicant, and 22 were denied.
What is The Richwood Banking Company's mortgage approval rate?
The Richwood Banking Company has an approval (origination) rate of 55.7%, meaning 55.7% of all applications resulted in a funded mortgage. The denial rate is 12.6%.
What is the average loan amount at The Richwood Banking Company?
The average mortgage loan amount at The Richwood Banking Company is $243,391. The average interest rate is 7.956%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at The Richwood Banking Company?
The most common reasons for mortgage denial at The Richwood Banking Company are: Credit history, Debt-to-income ratio, Credit application incomplete. In total, 22 applications were denied out of 174 total applications.
What types of mortgage loans does The Richwood Banking Company offer?
The Richwood Banking Company processes Conventional loans. The most common type is Conventional with 174 applications and an average loan amount of $243,391.
What loan purposes does The Richwood Banking Company serve?
The Richwood Banking Company serves the following loan purposes: Home Purchase (94 applications), Cash-out Refinancing (25 applications), Other (25 applications), Home Improvement (17 applications), Refinancing (13 applications). Home Purchase is the most common purpose.
Where is The Richwood Banking Company located?
The Richwood Banking Company is headquartered in RICHWOOD, OH. The lender is identified by LEI 549300F263I3XPN55P35 in HMDA data.
How does The Richwood Banking Company compare in lending across racial demographics?
The Richwood Banking Company reports demographic lending data under HMDA requirements. White applicants have an approval rate of 55.4% and denial rate of 12.9%; Asian applicants have an approval rate of 50.0% and denial rate of 50.0%; Black or African American applicants have an approval rate of 0.0% and denial rate of 50.0%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.