Better Mortgage · Vermont · 2025

Better Mortgage in Vermont: approval rate, denial rate and rates (2025)

Better Mortgage took 219 mortgage applications in Vermont in 2025, ranking #22 of 320 lenders active in the state. It originated 53.4% of them and denied 25.6% (32.2% of the applications it decided), against a statewide denial rate of 14.8%.

219Applicationsin VT
32.2%Decision denial ratestate 18.1%
6.63%Median ratestate 6.71%
$265,000Median loanstate $205,000
$40MVolume13 counties

Better Mortgage in Vermont vs the state

25.6%Denial rate+10.75 pts vs state
32.2%Decision denial rate+14.11 pts vs state
53.4%Origination rate-11.45 pts vs state
6.63%Median rate-0.08 pts vs state
0.55Rate spread (pts)+0.43 pts vs state
$127kMedian applicant income
117Loans originated
56Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
202329153.5%6.00%#67
2024361116.7%6.50%#64
202521911725.6%6.63%#22

What Better Mortgage lends in Vermont

By loan purpose

Home purchase 122 56% · 13.9% denied
Refinance 6 3% · 33.3% denied
Cash-out refinance 18 8% · 33.3% denied
Home improvement 12 5% · 41.7% denied
Other / HELOC 61 28% · 42.6% denied

By loan type

Conventional 167 76% · 27.5% denied
FHA 42 19% · 19.1% denied
VA 10 5% · 20.0% denied

Why it denied Vermont applicants

Incomplete application 22 39%
Credit history 12 21%
Collateral 9 16%
Debt-to-income ratio 4 7%
Other 4 7%
Unverifiable information 3 5%
Insufficient cash 2 4%

Where in Vermont

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chittenden County 43299 20.9%
Caledonia County 27177 25.9%
Franklin County 24174 16.7%
Windsor County 2068 40.0%
Rutland County 2066 30.0%
Orleans County 19152 10.5%
Washington County 15112 13.3%
Windham County 1425 35.7%
Lamoille County 1355 38.5%
Addison County 933 33.3%

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: 219 applications in 2025, of which 117 were originated and 56 denied.

25.6% of all applications, or 32.2% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans Better Mortgage originated in Vermont in 2025 was 6.63%, against a statewide median of 6.71%.

About this data. Figures are Better Mortgage'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