Discover Bank · Connecticut · 2025

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

Discover Bank took 997 mortgage applications in Connecticut in 2025, ranking #34 of 687 lenders active in the state. It originated 12.7% of them and denied 51.0% (79.1% of the applications it decided), against a statewide denial rate of 17.4%.

997Applicationsin CT
79.1%Decision denial ratestate 21.6%
8.60%Median ratestate 6.63%
$65,000Median loanstate $245,000
$12MVolume9 counties

Discover Bank in Connecticut vs the state

51.0%Denial rate+33.55 pts vs state
79.1%Decision denial rate+57.54 pts vs state
12.7%Origination rate-47.64 pts vs state
8.60%Median rate+1.97 pts vs state
2.04Rate spread (pts)+1.80 pts vs state
$114kMedian applicant income
127Loans originated
508Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,88736045.6%9.24%#10
20243,10950747.9%8.86%#7
202599712751.0%8.60%#34

What Discover Bank lends in Connecticut

By loan purpose

Home purchase 44 4% · 61.4% denied
Refinance 179 18% · 50.3% denied
Home improvement 309 31% · 44.7% denied
Other / HELOC 465 47% · 54.4% denied

By loan type

Conventional 997 100% · 51.0% denied

Why it denied Connecticut applicants

Credit history 240 47%
Debt-to-income ratio 92 18%
Incomplete application 77 15%
Other 67 13%
Collateral 29 6%
Unverifiable information 3 1%

Where in Connecticut

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09110 29139139 47.8%
09190 1741885 48.9%
09170 1332360 45.1%
09140 1211770 57.9%
09120 811041 50.6%
09180 66637 56.1%
09130 59829 49.2%
09150 47530 63.8%
09160 25117 68.0%

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: 997 applications in 2025, of which 127 were originated and 508 denied.

51.0% of all applications, or 79.1% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Discover Bank originated in Connecticut in 2025 was 8.60%, against a statewide median of 6.63%.

About this data. Figures are Discover 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