Industrial Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
1st56.3% deniedPricingmedian rate spread over APOR, weight 30%
63rd0.17 ptsProcesswithdrawn + incomplete share, weight 15%
24th18.3%Closing coststotal loan costs ÷ loan amount, weight 10%
54th1.82% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 16 | 13 | 0.0% | 0.0% | 6.50% | $22M |
| 2024 | 114 | 55 | 41.2% | 45.2% | — | $56M |
| 2025 | 126 | 43 | 46.0% | 56.3% | 6.75% | $38M |
What Industrial Bank 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, 0 manufactured homes, 31 investment properties.
Why Industrial Bank denies applications
Primary reason reported for each of the 58 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Industrial Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 30 | 5 | 77.3% |
| $150k – $250k | 24 | 7 | 52.6% |
| Over $250k | 21 | 8 | 46.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 22 | 5 | 73.7% |
| 55–64 | 30 | 6 | 75.0% |
Where Industrial Bank lends
6 states and 21 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| District of Columbia | 51 | 22 | 31.4% | 6.93% | #75 |
| Maryland | 47 | 17 | 46.8% | 6.75% | #322 |
| New Jersey | 20 | 2 | 70.0% | 6.63% | #446 |
Frequently asked questions
Industrial Bank denied 56.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 1st percentile of small mortgage lenders.
The most common reason Industrial Bank gave in 2025 was "credit history", cited on 60.3% 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 Industrial Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.17 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 45% of its applications were for home purchases, 53% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 84% conventional, 16% FHA, 0% 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.