KeyBank · Vermont · 2025

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

KeyBank took 94 mortgage applications in Vermont in 2025, ranking #45 of 320 lenders active in the state. It originated 48.9% of them and denied 31.9% (37.0% of the applications it decided), against a statewide denial rate of 14.8%.

94Applicationsin VT
37.0%Decision denial ratestate 18.1%
7.70%Median ratestate 6.71%
$210,000Median loanstate $205,000
$12MVolume10 counties

KeyBank in Vermont vs the state

31.9%Denial rate+17.09 pts vs state
37.0%Decision denial rate+18.97 pts vs state
48.9%Origination rate-15.93 pts vs state
7.70%Median rate+1.00 pts vs state
0.86Rate spread (pts)+0.74 pts vs state
$107kMedian applicant income
46Loans originated
30Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231436432.9%7.75%#26
20241064040.6%9.79%#34
2025944631.9%7.70%#45

What KeyBank lends in Vermont

By loan purpose

Home purchase 31 33% · 32.3% denied
Refinance 19 20% · 26.3% denied
Cash-out refinance 13 14% · 30.8% denied
Home improvement 15 16% · 46.7% denied
Other / HELOC 16 17% · 25.0% denied

By loan type

Conventional 92 98% · 30.4% denied
FHA 2 2% · 100.0% denied

Why it denied Vermont applicants

Debt-to-income ratio 11 37%
Credit history 7 23%
Incomplete application 6 20%
Other 3 10%
Collateral 2 7%
Unverifiable information 1 3%

Where in Vermont

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chittenden County 421813 31.0%
Franklin County 1264 33.3%
Addison County 944 44.4%
Windham County 942 22.2%
Rutland County 743 42.9%
Windsor County 632 33.3%
Lamoille County 312 66.7%
Washington County 220 0.0%
Orleans County 220 0.0%
Grand Isle County 220 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: 94 applications in 2025, of which 46 were originated and 30 denied.

31.9% of all applications, or 37.0% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans KeyBank originated in Vermont in 2025 was 7.70%, against a statewide median of 6.71%.

About this data. Figures are KeyBank'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