Bank of America · Vermont · 2025

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

Bank of America took 191 mortgage applications in Vermont in 2025, ranking #26 of 320 lenders active in the state. It originated 45.6% of them and denied 27.2% (36.9% of the applications it decided), against a statewide denial rate of 14.8%.

191Applicationsin VT
36.9%Decision denial ratestate 18.1%
6.00%Median ratestate 6.71%
$205,000Median loanstate $205,000
$49MVolume14 counties

Bank of America in Vermont vs the state

27.2%Denial rate+12.41 pts vs state
36.9%Decision denial rate+18.81 pts vs state
45.6%Origination rate-19.32 pts vs state
6.00%Median rate-0.71 pts vs state
0.10Rate spread (pts)-0.02 pts vs state
$212kMedian applicant income
87Loans originated
52Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231918537.7%6.50%#19
20241719324.0%6.99%#25
20251918727.2%6.00%#26

What Bank of America lends in Vermont

By loan purpose

Home purchase 69 36% · 13.0% denied
Refinance 19 10% · 21.1% denied
Cash-out refinance 4 2% · 25.0% denied
Home improvement 57 30% · 38.6% denied
Other / HELOC 42 22% · 38.1% denied

By loan type

Conventional 190 99% · 26.8% denied
FHA 1 1% · 100.0% denied

Why it denied Vermont applicants

Debt-to-income ratio 18 35%
Credit history 17 33%
Collateral 12 23%
Other 3 6%
Unverifiable information 2 4%

Where in Vermont

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Windsor County 38208 21.1%
Chittenden County 28108 28.6%
Bennington County 21124 19.0%
Windham County 20136 30.0%
Rutland County 2075 25.0%
Washington County 1685 31.3%
Lamoille County 1383 23.1%
Caledonia County 723 42.9%
Orange County 731 14.3%
Orleans County 732 28.6%

Other large lenders in Vermont

LenderGradeApplicationsDenial rateMedian rate
Eastrise Federal Credit UnionA 3,5295.1%6.50%
Rocket MortgageC 1,16522.0%6.75%
North CountryC 1,1359.5%7.25%
Vermont Federal Credit UnionA 1,00312.0%6.75%
Citizens BankC 82638.9%7.65%
Emm LoansB 7611.5%6.63%
Mascoma BankB 71716.5%6.75%
Union BankB 6414.5%6.63%
Manufacturers and Traders TrustC 61730.8%5.99%
Community BankD 60713.3%7.00%

Frequently asked questions

Vermont: 191 applications in 2025, of which 87 were originated and 52 denied.

27.2% of all applications, or 36.9% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans Bank of America originated in Vermont in 2025 was 6.00%, against a statewide median of 6.71%.

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