BankNewport · Connecticut · 2025

BankNewport in Connecticut: approval rate, denial rate and rates (2025)

BankNewport took 15 mortgage applications in Connecticut in 2025, ranking #336 of 687 lenders active in the state. It originated 60.0% of them and denied 20.0% (23.1% of the applications it decided), against a statewide denial rate of 17.4%.

15Applicationsin CT
23.1%Decision denial ratestate 21.6%
6.49%Median ratestate 6.63%
$355,000Median loanstate $245,000
$3.1MVolume6 counties

BankNewport in Connecticut vs the state

20.0%Denial rate+2.60 pts vs state
23.1%Decision denial rate+1.49 pts vs state
60.0%Origination rate-0.38 pts vs state
6.49%Median rate-0.13 pts vs state
-0.74Rate spread (pts)-0.98 pts vs state
$168kMedian applicant income
9Loans originated
3Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
202324208.3%6.25%#269
202414821.4%7.13%#317
202515920.0%6.49%#336

What BankNewport lends in Connecticut

By loan purpose

Home purchase 3 20% · 0.0% denied
Refinance 4 27% · 0.0% denied
Cash-out refinance 1 7% · 0.0% denied
Home improvement 7 47% · 42.9% denied

By loan type

Conventional 15 100% · 20.0% denied

Why it denied Connecticut applicants

Debt-to-income ratio 2 67%
Credit history 1 33%

Where in Connecticut

Counties with the most BankNewport applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09170 411 25.0%
09150 412 50.0%
09180 330 0.0%
09110 220 0.0%
09140 110 0.0%
09120 110 0.0%

Other large lenders in Connecticut

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 6,04316.5%6.75%
Citizens BankC 4,89526.2%7.40%
Bank of AmericaF 4,59132.1%6.00%
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%

Frequently asked questions

Connecticut: 15 applications in 2025, of which 9 were originated and 3 denied.

20.0% of all applications, or 23.1% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans BankNewport originated in Connecticut in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are BankNewport'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