Ion 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%
20th19.7% deniedProcesswithdrawn + incomplete share, weight 15%
39th14.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 581 | 426 | 16.4% | 18.0% | — | $193M |
| 2024 | 390 | 270 | 20.3% | 22.5% | — | $91M |
| 2025 | 656 | 450 | 16.9% | 19.7% | — | $123M |
What Ion 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, 38 investment properties.
Who gets approved at Ion Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 68 | 25 | 56.1% |
| $50k – $100k | 181 | 116 | 22.5% |
| $100k – $150k | 144 | 111 | 11.1% |
| $150k – $250k | 152 | 115 | 15.4% |
| Over $250k | 88 | 67 | 9.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 73 | 57 | 13.6% |
| 35–44 | 103 | 67 | 17.3% |
| 45–54 | 126 | 86 | 19.6% |
| 55–64 | 155 | 102 | 24.8% |
| 65–74 | 137 | 98 | 18.9% |
| Over 74 | 46 | 29 | 23.7% |
Where Ion Bank lends
3 states and 22 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 534 | 390 | 15.0% | — | #58 |
| New Jersey | 117 | 59 | 25.6% | — | #251 |
| New York | 5 | 1 | 20.0% | — | #513 |
Frequently asked questions
Ion Bank denied 19.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 20th percentile of small mortgage lenders.
In 2025, 20% of its applications were for home purchases, 22% for refinancing (including cash-out), and 58% for home improvement or other purposes. By loan type: 100% conventional, 0% 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.