Ivy Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A 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%
84th3.0% deniedPricingmedian rate spread over APOR, weight 30%
91st-0.18 ptsProcesswithdrawn + incomplete share, weight 15%
2nd37.6%Closing coststotal loan costs ÷ loan amount, weight 10%
94th0.54% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 177 | 85 | 2.3% | 4.5% | 6.50% | $35M |
| 2024 | 199 | 107 | 1.5% | 2.7% | 6.38% | $50M |
| 2025 | 213 | 129 | 1.9% | 3.0% | 6.13% | $57M |
What Ivy Mortgage 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, 52 investment properties.
Why Ivy Mortgage denies applications
Primary reason reported for each of the 4 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Ivy Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 21 | 8 | 0.0% |
| $100k – $150k | 49 | 30 | 0.0% |
| $150k – $250k | 83 | 57 | 3.4% |
| Over $250k | 60 | 34 | 5.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 47 | 28 | 6.7% |
| 35–44 | 104 | 63 | 1.6% |
| 45–54 | 48 | 27 | 3.6% |
Where Ivy Mortgage lends
17 states and 79 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 28 | 16 | 0.0% | 6.44% | #377 |
| Texas | 25 | 10 | 4.0% | 6.13% | #825 |
| Pennsylvania | 22 | 17 | 4.6% | 6.38% | #592 |
| Tennessee | 17 | 11 | 0.0% | 6.50% | #564 |
| Virginia | 16 | 8 | 0.0% | 6.38% | #521 |
| California | 15 | 10 | 0.0% | 6.50% | #679 |
| North Carolina | 15 | 8 | 0.0% | 6.13% | #566 |
| New Jersey | 15 | 8 | 0.0% | 5.56% | #485 |
| Delaware | 12 | 7 | 0.0% | 6.13% | #220 |
| Georgia | 12 | 9 | 0.0% | 6.00% | #641 |
| Florida | 10 | 6 | 0.0% | 5.94% | #918 |
| Massachusetts | 8 | 5 | 12.5% | 5.88% | #479 |
| Washington | 7 | 6 | 0.0% | 6.19% | #499 |
| New York | 5 | 3 | 20.0% | 6.13% | #506 |
Frequently asked questions
Ivy Mortgage denied 3.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 84th percentile of small mortgage lenders.
The most common reason Ivy Mortgage gave in 2025 was "collateral", cited on 50.0% 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 Ivy Mortgage originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.18 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 40% of its applications were for home purchases, 60% for refinancing (including cash-out), and 0% 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.