Ixonia Bank · Massachusetts · 2025

Ixonia Bank in Massachusetts: approval rate, denial rate and rates (2025)

Ixonia Bank took 112 mortgage applications in Massachusetts in 2025, ranking #237 of 799 lenders active in the state. It originated 62.5% of them and denied 4.5% (6.7% of the applications it decided), against a statewide denial rate of 16.2%.

112Applicationsin MA
6.7%Decision denial ratestate 20.0%
6.81%Median ratestate 6.63%
$405,000Median loanstate $325,000
$33MVolume13 counties

Ixonia Bank in Massachusetts vs the state

4.5%Denial rate-11.75 pts vs state
6.7%Decision denial rate-13.28 pts vs state
62.5%Origination rate-0.10 pts vs state
6.81%Median rate+0.19 pts vs state
0.70Rate spread (pts)+0.61 pts vs state
$114kMedian applicant income
70Loans originated
5Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023461817.4%6.88%#318
202464424.7%6.81%#287
2025112704.5%6.81%#237

What Ixonia Bank lends in Massachusetts

By loan purpose

Home purchase 89 79% · 4.5% denied
Refinance 6 5% · 0.0% denied
Cash-out refinance 11 10% · 0.0% denied
Other / HELOC 6 5% · 16.7% denied

By loan type

Conventional 72 64% · 5.6% denied
FHA 33 29% · 3.0% denied
VA 6 5% · 0.0% denied
USDA / RHS 1 1% · 0.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 2 40%
Collateral 1 20%
Insufficient cash 1 20%
Credit history 1 20%

Where in Massachusetts

Counties with the most Ixonia Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Worcester County 68444 5.9%
Hampden County 870 0.0%
Middlesex County 850 0.0%
Plymouth County 751 14.3%
Barnstable County 420 0.0%
Suffolk County 410 0.0%
Norfolk County 410 0.0%
Berkshire County 210 0.0%
Franklin County 210 0.0%
Bristol County 200 0.0%

Other large lenders in Massachusetts

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 17,47629.0%7.40%
Rocket MortgageC 8,69815.9%6.75%
Bank of AmericaF 7,78430.1%5.99%
Guaranteed RateB 7,3134.5%6.50%
Eastern BankB 6,21631.8%6.99%
Rockland TrustC 5,99028.6%6.99%
Leader BankA 5,9131.8%6.25%
United Shore Financial ServicesB 5,89812.8%6.50%
Crosscountry MortgageB 5,6343.8%6.63%
TD BankD 3,77826.9%7.44%

Frequently asked questions

Massachusetts: 112 applications in 2025, of which 70 were originated and 5 denied.

4.5% of all applications, or 6.7% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Ixonia Bank originated in Massachusetts in 2025 was 6.81%, against a statewide median of 6.63%.

About this data. Figures are Ixonia Bank's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology