Lower in Connecticut vs the state
17.2%Denial rate-0.22 pts vs state
30.8%Decision denial rate+9.18 pts vs state
38.0%Origination rate-22.34 pts vs state
6.38%Median rate-0.25 pts vs state
0.28Rate spread (pts)+0.05 pts vs state
$136kMedian applicant income
62Loans originated
28Denied
Trend in Connecticut
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 48 | 19 | 14.6% | 7.13% | #204 |
| 2024 | 146 | 68 | 12.3% | 6.88% | #115 |
| 2025 | 163 | 62 | 17.2% | 6.38% | #120 |
What Lower lends in Connecticut
By loan purpose
By loan type
Why it denied Connecticut applicants
Where in Connecticut
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| 09110 | 50 | 24 | 11 | 22.0% |
| 09140 | 28 | 9 | 2 | 7.1% |
| 09170 | 21 | 7 | 5 | 23.8% |
| 09190 | 20 | 6 | 2 | 10.0% |
| 09120 | 17 | 6 | 1 | 5.9% |
| 09180 | 11 | 4 | 2 | 18.2% |
| 09160 | 7 | 3 | 2 | 28.6% |
| 09130 | 5 | 2 | 1 | 20.0% |
| 09150 | 4 | 1 | 2 | 50.0% |
Other large lenders in Connecticut
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 6,043 | 16.5% | 6.75% |
| Citizens Bank | C | 4,895 | 26.2% | 7.40% |
| Bank of America | F | 4,591 | 32.1% | 6.00% |
| United Shore Financial Services | B | 4,239 | 13.7% | 6.50% |
| Total Mortgage Services | B | 4,219 | 4.5% | 6.63% |
| Manufacturers and Traders Trust | C | 4,030 | 31.8% | 5.99% |
| Liberty Bank | A | 3,513 | 9.5% | 5.99% |
| Webster Bank | C | 2,762 | 21.9% | 6.74% |
| Newrez | D | 2,556 | 21.8% | 6.88% |
| AMERICAN EAGLE FINANCIAL Credit Union | D | 2,463 | 18.9% | 7.75% |
Frequently asked questions
Connecticut: 163 applications in 2025, of which 62 were originated and 28 denied.
17.2% of all applications, or 30.8% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.
The median rate on loans Lower originated in Connecticut in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Lower'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