Bank of America · Connecticut · 2025

Bank of America in Connecticut: approval rate, denial rate and rates (2025)

Bank of America took 4,591 mortgage applications in Connecticut in 2025, ranking #3 of 687 lenders active in the state. It originated 44.9% of them and denied 32.1% (41.3% of the applications it decided), against a statewide denial rate of 17.4%.

4.6kApplicationsin CT
41.3%Decision denial ratestate 21.6%
6.00%Median ratestate 6.63%
$155,000Median loanstate $245,000
$778MVolume9 counties

Bank of America in Connecticut vs the state

32.1%Denial rate+14.68 pts vs state
41.3%Decision denial rate+19.75 pts vs state
44.9%Origination rate-15.49 pts vs state
6.00%Median rate-0.63 pts vs state
0.45Rate spread (pts)+0.21 pts vs state
$136kMedian applicant income
2,061Loans originated
1,473Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,9892,03944.8%6.99%#2
20244,5181,91934.6%6.99%#2
20254,5912,06132.1%6.00%#3

What Bank of America lends in Connecticut

By loan purpose

Home purchase 869 19% · 19.8% denied
Refinance 815 18% · 25.8% denied
Cash-out refinance 72 2% · 23.6% denied
Home improvement 1,779 39% · 38.2% denied
Other / HELOC 1,056 23% · 37.3% denied

By loan type

Conventional 4,571 100% · 32.1% denied
FHA 20 0% · 25.0% denied

Why it denied Connecticut applicants

Credit history 645 44%
Debt-to-income ratio 562 38%
Collateral 142 10%
Other 73 5%
Unverifiable information 39 3%
Insufficient cash 5 0%
Incomplete application 5 0%
Employment history 2 0%

Where in Connecticut

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09110 1,235520438 35.5%
09190 1,197647297 24.8%
09170 623257211 33.9%
09120 517251160 30.9%
09140 448166166 37.1%
09180 1997867 33.7%
09130 1816962 34.3%
09160 1165339 33.6%
09150 752033 44.0%

Other large lenders in Connecticut

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 6,04316.5%6.75%
Citizens BankC 4,89526.2%7.40%
United Shore Financial ServicesB 4,23913.7%6.50%
Total Mortgage ServicesB 4,2194.5%6.63%
Manufacturers and Traders TrustC 4,03031.8%5.99%
Liberty BankA 3,5139.5%5.99%
Webster BankC 2,76221.9%6.74%
NewrezD 2,55621.8%6.88%
AMERICAN EAGLE FINANCIAL Credit UnionD 2,46318.9%7.75%
First World MortgageA 2,3323.5%6.49%

Frequently asked questions

Connecticut: 4,591 applications in 2025, of which 2,061 were originated and 1,473 denied.

32.1% of all applications, or 41.3% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Bank of America originated in Connecticut in 2025 was 6.00%, against a statewide median of 6.63%.

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