Mortgage lender · Norwich, CT · LEI 254900QY5ST0J7P6M123

Dime Bank review: approval odds, rates and grade (2025)

Dime Bank earns a D, weaker than most small mortgage lenders. It turned down 26.3% of the applications it decided on in 2025, which ranks in the 11th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

338Applications2025
61.8%Originatedof applications
26.3%Decision denial ratenational 22.6%
Median ratenational 6.63%
$118MLoan volume6 states

Dime Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

23.1%Denial rate (all applications)+5.10 pts vs national
26.3%Denial rate (decided applications)+3.67 pts vs national
61.8%Origination rate+3.80 pts vs national
8.0%Withdrawn by applicant
4.1%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$255,000Median loan amount
Median total loan costs
$123kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the D 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%

11th26.3% denied

Processwithdrawn + incomplete share, weight 15%

47th12.1%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202333819522.8%26.7%$75M
202428814431.6%36.3%$63M
202533820923.1%26.3%$118M

What Dime 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

Home purchase 148 44% · 16.2% denied
Refinance 15 4% · 20.0% denied
Cash-out refinance 62 18% · 27.4% denied
Home improvement 31 9% · 16.1% denied
Other / HELOC 82 24% · 35.4% denied

By loan type

Conventional 336 99% · 22.9% denied
FHA 2 1% · 50.0% denied

Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 68 investment properties.

Who gets approved at Dime Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k813843.8%
$100k – $150k875226.0%
$150k – $250k594016.3%
Over $250k413310.5%
Applicant ageApplicationsOriginatedDecision denial rate
25–34533523.4%
35–44482834.1%
45–54452332.4%
55–64844631.9%
65–74301826.9%
Over 74211610.5%

Where Dime Bank lends

6 states and 19 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Connecticut30819222.7%#76
Rhode Island191021.1%#150
Florida5420.0%#1,080

Frequently asked questions

Dime Bank denied 26.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 11th percentile of small mortgage lenders.

In 2025, 44% of its applications were for home purchases, 23% for refinancing (including cash-out), and 33% for home improvement or other purposes. By loan type: 99% conventional, 1% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Dime Bank. Data sources · Methodology