Ion Bank Mortgage Rates, Fees & InfoNaugatuck, CT
Tax ID: 06-0465530
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewIon Bank is a smaller bank specializing in Home Purchase and Refi loans. Ion Bank has a high proportion of conventional loans. Their top markets by origination volume include: New Haven, Hartford, Bridgeport, Norwich, and New York among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
Ion Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Origination Dollar Volume (All Markets)$245,165,000
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||157||$87,455,000||$557,038||$0||0.00%|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||90||$58,790,000||$653,222||$0||0.00%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||21||$25,705,000||$1,224,048||$0||0.00%|
|NORWICH-NEW LONDON, CT (FHA|USDA|VA)||4||$25,360,000||$6,340,000||$0||0.00%|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||10||$23,800,000||$2,380,000||$0||0.00%|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||2||$18,470,000||$9,235,000||$0||0.00%|
|Torrington, CT (FHA|USDA|VA)||29||$5,585,000||$192,586||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Ion Bank's most frequently originated type of loan was Conventional, with 313 originations.
For 2022, Ion Bank's most frequently cited loan purpose was Home Purchase, with 133 originations. The 2nd most popular reason was Home Improvement, with 64 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Ion Bank's most frequently cited loan duration was Other, with 313 originations.
2022 saw Ion Bank place emphasis on $100,000 or less loans with 107 originations, totaling $5,685,000 in origination value.
Ion Bank lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 66 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Ion Bank lent most frequently to those with DTI ratios of Exempt%, with 313 originations.
Approval RatesTotal approvals of all applications
Ion Bank has an average approval rate.
Pick RateApprovals leading to origination
Ion Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|