Charles Schwab Bank · Connecticut · 2025

Charles Schwab Bank in Connecticut: approval rate, denial rate and rates (2025)

Charles Schwab Bank took 98 mortgage applications in Connecticut in 2025, ranking #169 of 687 lenders active in the state. It originated 93.9% of them and denied 5.1% (5.1% of the applications it decided), against a statewide denial rate of 17.4%.

98Applicationsin CT
5.1%Decision denial ratestate 21.6%
5.59%Median ratestate 6.63%
$905,000Median loanstate $245,000
$92MVolume7 counties

Charles Schwab Bank in Connecticut vs the state

5.1%Denial rate-12.30 pts vs state
5.1%Decision denial rate-16.49 pts vs state
93.9%Origination rate+33.50 pts vs state
5.59%Median rate-1.04 pts vs state
-0.17Rate spread (pts)-0.41 pts vs state
$460kMedian applicant income
92Loans originated
5Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
202343412.3%5.93%#215
202468625.9%5.75%#190
202598925.1%5.59%#169

What Charles Schwab Bank lends in Connecticut

By loan purpose

Home purchase 63 64% · 3.2% denied
Refinance 17 17% · 5.9% denied
Cash-out refinance 10 10% · 20.0% denied
Home improvement 4 4% · 0.0% denied
Other / HELOC 4 4% · 0.0% denied

By loan type

Conventional 98 100% · 5.1% denied

Why it denied Connecticut applicants

Other 2 40%
Collateral 1 20%
Debt-to-income ratio 1 20%
Unverifiable information 1 20%

Where in Connecticut

Counties with the most Charles Schwab Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09190 57533 5.3%
09120 14122 14.3%
09110 880 0.0%
09170 880 0.0%
09160 440 0.0%
09180 440 0.0%
09130 330 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: 98 applications in 2025, of which 92 were originated and 5 denied.

5.1% of all applications, or 5.1% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Charles Schwab Bank originated in Connecticut in 2025 was 5.59%, against a statewide median of 6.63%.

About this data. Figures are Charles Schwab Bank'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