Commerce Home Mortgage · Connecticut · 2025

Commerce Home Mortgage in Connecticut: approval rate, denial rate and rates (2025)

Commerce Home Mortgage took 85 mortgage applications in Connecticut in 2025, ranking #181 of 687 lenders active in the state. It originated 56.5% of them and denied 9.4% (13.8% of the applications it decided), against a statewide denial rate of 17.4%.

85Applicationsin CT
13.8%Decision denial ratestate 21.6%
7.38%Median ratestate 6.63%
$415,000Median loanstate $245,000
$30MVolume9 counties

Commerce Home Mortgage in Connecticut vs the state

9.4%Denial rate-7.99 pts vs state
13.8%Decision denial rate-7.80 pts vs state
56.5%Origination rate-3.91 pts vs state
7.38%Median rate+0.75 pts vs state
1.41Rate spread (pts)+1.17 pts vs state
$223kMedian applicant income
48Loans originated
8Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023532224.5%8.69%#192
2024291420.7%7.94%#250
202585489.4%7.38%#181

What Commerce Home Mortgage lends in Connecticut

By loan purpose

Home purchase 42 49% · 11.9% denied
Refinance 3 4% · 0.0% denied
Cash-out refinance 40 47% · 7.5% denied

By loan type

Conventional 84 99% · 9.5% denied
FHA 1 1% · 0.0% denied

Why it denied Connecticut applicants

Collateral 4 50%
Other 2 25%
Insufficient cash 1 13%
Credit history 1 13%

Where in Connecticut

Counties with the most Commerce Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09190 20121 5.0%
09170 18122 11.1%
09140 16111 6.3%
09110 1580 0.0%
09120 1043 30.0%
09160 210 0.0%
09150 201 50.0%
09180 100 0.0%
09130 100 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: 85 applications in 2025, of which 48 were originated and 8 denied.

9.4% of all applications, or 13.8% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Commerce Home Mortgage originated in Connecticut in 2025 was 7.38%, against a statewide median of 6.63%.

About this data. Figures are Commerce Home Mortgage'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