Discover Bank · Vermont · 2025

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

Discover Bank took 91 mortgage applications in Vermont in 2025, ranking #48 of 320 lenders active in the state. It originated 9.9% of them and denied 56.0% (83.6% of the applications it decided), against a statewide denial rate of 14.8%.

91Applicationsin VT
83.6%Decision denial ratestate 18.1%
8.47%Median ratestate 6.71%
$65,000Median loanstate $205,000
$875kVolume14 counties

Discover Bank in Vermont vs the state

56.0%Denial rate+41.22 pts vs state
83.6%Decision denial rate+65.54 pts vs state
9.9%Origination rate-54.98 pts vs state
8.47%Median rate+1.77 pts vs state
1.86Rate spread (pts)+1.74 pts vs state
$110kMedian applicant income
9Loans originated
51Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232602446.9%9.37%#16
20243175050.5%8.47%#15
202591956.0%8.47%#48

What Discover Bank lends in Vermont

By loan purpose

Home purchase 9 10% · 44.4% denied
Refinance 14 15% · 50.0% denied
Home improvement 26 29% · 69.2% denied
Other / HELOC 42 46% · 52.4% denied

By loan type

Conventional 91 100% · 56.0% denied

Why it denied Vermont applicants

Credit history 19 37%
Collateral 11 22%
Other 8 16%
Incomplete application 7 14%
Debt-to-income ratio 5 10%
Unverifiable information 1 2%

Where in Vermont

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chittenden County 2239 40.9%
Windsor County 1407 50.0%
Rutland County 1126 54.5%
Orange County 716 85.7%
Windham County 606 100.0%
Bennington County 503 60.0%
Orleans County 504 80.0%
Caledonia County 401 25.0%
Washington County 412 50.0%
Franklin County 402 50.0%

Other large lenders in Vermont

LenderGradeApplicationsDenial rateMedian rate
Eastrise Federal Credit UnionA 3,5295.1%6.50%
Rocket MortgageC 1,16522.0%6.75%
North CountryC 1,1359.5%7.25%
Vermont Federal Credit UnionA 1,00312.0%6.75%
Citizens BankC 82638.9%7.65%
Emm LoansB 7611.5%6.63%
Mascoma BankB 71716.5%6.75%
Union BankB 6414.5%6.63%
Manufacturers and Traders TrustC 61730.8%5.99%
Community BankD 60713.3%7.00%

Frequently asked questions

Vermont: 91 applications in 2025, of which 9 were originated and 51 denied.

56.0% of all applications, or 83.6% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans Discover Bank originated in Vermont in 2025 was 8.47%, against a statewide median of 6.71%.

About this data. Figures are Discover Bank's own HMDA filing for properties located in Vermont, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology