Finance of America Reverse · Connecticut · 2025

Finance of America Reverse in Connecticut: approval rate, denial rate and rates (2025)

Finance of America Reverse took 123 mortgage applications in Connecticut in 2025, ranking #153 of 687 lenders active in the state. It originated 61.0% of them and denied 16.3% (20.6% of the applications it decided), against a statewide denial rate of 17.4%.

123Applicationsin CT
20.6%Decision denial ratestate 21.6%
6.50%Median ratestate 6.63%
$235,000Median loanstate $245,000
$23MVolume9 counties

Finance of America Reverse in Connecticut vs the state

16.3%Denial rate-1.14 pts vs state
20.6%Decision denial rate-0.97 pts vs state
61.0%Origination rate+0.60 pts vs state
6.50%Median rate-0.13 pts vs state
Rate spread (pts)
$34kMedian applicant income
75Loans originated
20Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023745313.5%7.74%#168
2024112818.0%7.34%#145
20251237516.3%6.50%#153

What Finance of America Reverse lends in Connecticut

By loan purpose

Home purchase 3 2% · 0.0% denied
Refinance 73 59% · 17.8% denied
Home improvement 6 5% · 0.0% denied
Other / HELOC 41 33% · 17.1% denied

By loan type

Conventional 44 36% · 22.7% denied
FHA 79 64% · 12.7% denied

Why it denied Connecticut applicants

Insufficient cash 9 45%
Collateral 6 30%
Other 5 25%

Where in Connecticut

Counties with the most Finance of America Reverse applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09110 27193 11.1%
09190 26135 19.2%
09170 19141 5.3%
09140 1363 23.1%
09120 953 33.3%
09150 961 11.1%
09160 843 37.5%
09130 650 0.0%
09180 631 16.7%

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: 123 applications in 2025, of which 75 were originated and 20 denied.

16.3% of all applications, or 20.6% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Finance of America Reverse originated in Connecticut in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Finance of America Reverse'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