IncredibleBank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
41st11.9% deniedPricingmedian rate spread over APOR, weight 30%
50th0.27 ptsProcesswithdrawn + incomplete share, weight 15%
24th18.4%Closing coststotal loan costs ÷ loan amount, weight 10%
57th1.75% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 665 | 443 | 13.7% | 16.2% | 6.88% | $111M |
| 2024 | 716 | 470 | 10.1% | 12.4% | 6.88% | $143M |
| 2025 | 752 | 512 | 9.7% | 11.9% | 6.75% | $150M |
What IncredibleBank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 17 manufactured homes, 98 investment properties.
Why IncredibleBank denies applications
Primary reason reported for each of the 73 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at IncredibleBank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 94 | 58 | 26.5% |
| $50k – $100k | 260 | 177 | 12.2% |
| $100k – $150k | 148 | 102 | 9.0% |
| $150k – $250k | 116 | 81 | 5.6% |
| Over $250k | 69 | 49 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 43 | 33 | 8.3% |
| 25–34 | 156 | 111 | 7.8% |
| 35–44 | 145 | 94 | 10.8% |
| 45–54 | 125 | 82 | 17.1% |
| 55–64 | 125 | 78 | 16.0% |
| 65–74 | 84 | 60 | 12.3% |
| Over 74 | 20 | 14 | 16.7% |
Where IncredibleBank lends
19 states and 87 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
IncredibleBank denied 11.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 41st percentile of small mortgage lenders.
The most common reason IncredibleBank gave in 2025 was "debt-to-income ratio", cited on 47.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans IncredibleBank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.27 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 62% of its applications were for home purchases, 27% for refinancing (including cash-out), and 11% for home improvement or other purposes. By loan type: 96% conventional, 1% FHA, 1% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.