Fairway Independent Mortgage · Vermont · 2025

Fairway Independent Mortgage in Vermont: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 167 mortgage applications in Vermont in 2025, ranking #29 of 320 lenders active in the state. It originated 71.3% of them and denied 10.2% (12.5% of the applications it decided), against a statewide denial rate of 14.8%.

167Applicationsin VT
12.5%Decision denial ratestate 18.1%
6.75%Median ratestate 6.71%
$285,000Median loanstate $205,000
$37MVolume14 counties

Fairway Independent Mortgage in Vermont vs the state

10.2%Denial rate-4.64 pts vs state
12.5%Decision denial rate-5.57 pts vs state
71.3%Origination rate+6.39 pts vs state
6.75%Median rate+0.04 pts vs state
0.34Rate spread (pts)+0.22 pts vs state
$108kMedian applicant income
119Loans originated
17Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
202317812811.8%6.75%#21
20241821328.8%6.75%#23
202516711910.2%6.75%#29

What Fairway Independent Mortgage lends in Vermont

By loan purpose

Home purchase 145 87% · 10.3% denied
Refinance 6 4% · 0.0% denied
Cash-out refinance 10 6% · 10.0% denied
Home improvement 1 1% · 100.0% denied
Other / HELOC 5 3% · 0.0% denied

By loan type

Conventional 128 77% · 8.6% denied
FHA 33 20% · 18.2% denied
VA 6 4% · 0.0% denied

Why it denied Vermont applicants

Collateral 6 35%
Debt-to-income ratio 5 29%
Unverifiable information 2 12%
Incomplete application 1 6%
Insufficient cash 1 6%
Other 1 6%
Credit history 1 6%

Where in Vermont

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chittenden County 34272 5.9%
Windsor County 26155 19.2%
Bennington County 20133 15.0%
Franklin County 16131 6.3%
Windham County 1671 6.3%
Washington County 15122 13.3%
Orleans County 980 0.0%
Caledonia County 750 0.0%
Rutland County 641 16.7%
Lamoille County 550 0.0%

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: 167 applications in 2025, of which 119 were originated and 17 denied.

10.2% of all applications, or 12.5% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans Fairway Independent Mortgage originated in Vermont in 2025 was 6.75%, against a statewide median of 6.71%.

About this data. Figures are Fairway Independent Mortgage'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