First Colony Mortgage · Connecticut · 2025

First Colony Mortgage in Connecticut: approval rate, denial rate and rates (2025)

First Colony Mortgage took 141 mortgage applications in Connecticut in 2025, ranking #140 of 687 lenders active in the state. It originated 68.8% of them and denied 8.5% (9.8% of the applications it decided), against a statewide denial rate of 17.4%.

141Applicationsin CT
9.8%Decision denial ratestate 21.6%
6.75%Median ratestate 6.63%
$315,000Median loanstate $245,000
$33MVolume9 counties

First Colony Mortgage in Connecticut vs the state

8.5%Denial rate-8.89 pts vs state
9.8%Decision denial rate-11.83 pts vs state
68.8%Origination rate+8.41 pts vs state
6.75%Median rate+0.13 pts vs state
0.34Rate spread (pts)+0.10 pts vs state
$81kMedian applicant income
97Loans originated
12Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024573219.3%6.50%#213
2025141978.5%6.75%#140

What First Colony Mortgage lends in Connecticut

By loan purpose

Home purchase 94 67% · 7.5% denied
Refinance 16 11% · 12.5% denied
Cash-out refinance 31 22% · 9.7% denied

By loan type

Conventional 113 80% · 9.7% denied
FHA 23 16% · 4.4% denied
VA 5 4% · 0.0% denied

Why it denied Connecticut applicants

Collateral 4 33%
Debt-to-income ratio 3 25%
Other 2 17%
Insufficient cash 1 8%
Unverifiable information 1 8%
Credit history 1 8%

Where in Connecticut

Counties with the most First Colony Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09110 58366 10.3%
09140 27201 3.7%
09170 24163 12.5%
09120 12120 0.0%
09180 740 0.0%
09190 640 0.0%
09130 431 25.0%
09150 220 0.0%
09160 101 100.0%

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: 141 applications in 2025, of which 97 were originated and 12 denied.

8.5% of all applications, or 9.8% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans First Colony Mortgage originated in Connecticut in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are First Colony Mortgage'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