Ion Bank in New Jersey vs the state
25.6%Denial rate+7.95 pts vs state
33.0%Decision denial rate+9.92 pts vs state
50.4%Origination rate-5.25 pts vs state
—Median rate
—Rate spread (pts)
$154kMedian applicant income
59Loans originated
30Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 32 | 17 | 34.4% | — | #394 |
| 2024 | 36 | 22 | 30.6% | — | #379 |
| 2025 | 117 | 59 | 25.6% | — | #251 |
What Ion Bank lends in New Jersey
By loan purpose
By loan type
Where in New Jersey
Counties with the most Ion Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bergen County | 60 | 26 | 19 | 31.7% |
| Morris County | 22 | 16 | 3 | 13.6% |
| Essex County | 9 | 3 | 3 | 33.3% |
| Passaic County | 8 | 5 | 2 | 25.0% |
| Union County | 4 | 3 | 0 | 0.0% |
| Ocean County | 4 | 1 | 1 | 25.0% |
| Hudson County | 3 | 2 | 1 | 33.3% |
| Monmouth County | 3 | 0 | 0 | 0.0% |
| Somerset County | 1 | 1 | 0 | 0.0% |
| Middlesex County | 1 | 0 | 1 | 100.0% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 117 applications in 2025, of which 59 were originated and 30 denied.
25.6% of all applications, or 33.0% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Ion Bank's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology