Chelsea Groton Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
44th11.2% deniedPricingmedian rate spread over APOR, weight 30%
71st0.11 ptsProcesswithdrawn + incomplete share, weight 15%
35th15.1%Closing coststotal loan costs ÷ loan amount, weight 10%
67th1.48% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 691 | 508 | 9.4% | 10.5% | 5.49% | $149M |
| 2024 | 656 | 463 | 7.0% | 8.4% | 6.49% | $163M |
| 2025 | 611 | 423 | 9.5% | 11.2% | 6.49% | $195M |
What Chelsea Groton Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 107 investment properties.
Why Chelsea Groton Bank denies applications
Primary reason reported for each of the 58 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Chelsea Groton Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 32 | 17 | 35.5% |
| $50k – $100k | 121 | 75 | 22.1% |
| $100k – $150k | 160 | 115 | 10.1% |
| $150k – $250k | 161 | 125 | 1.4% |
| Over $250k | 110 | 73 | 3.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 105 | 71 | 5.9% |
| 35–44 | 185 | 132 | 6.8% |
| 45–54 | 110 | 72 | 14.6% |
| 55–64 | 107 | 71 | 17.9% |
| 65–74 | 52 | 37 | 14.9% |
Where Chelsea Groton Bank lends
4 states and 14 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 593 | 409 | 9.8% | 6.49% | #53 |
| Rhode Island | 16 | 12 | 0.0% | 6.32% | #160 |
Frequently asked questions
Chelsea Groton Bank denied 11.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 44th percentile of small mortgage lenders.
The most common reason Chelsea Groton Bank gave in 2025 was "debt-to-income ratio", cited on 37.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Chelsea Groton Bank originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.11 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 57% of its applications were for home purchases, 19% for refinancing (including cash-out), and 25% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.