Navy Federal Credit Union · Connecticut · 2025

Navy Federal Credit Union in Connecticut: approval rate, denial rate and rates (2025)

Navy Federal Credit Union took 1,609 mortgage applications in Connecticut in 2025, ranking #21 of 687 lenders active in the state. It originated 50.5% of them and denied 20.0% (28.0% of the applications it decided), against a statewide denial rate of 17.4%.

1.6kApplicationsin CT
28.0%Decision denial ratestate 21.6%
7.65%Median ratestate 6.63%
$155,000Median loanstate $245,000
$186MVolume9 counties

Navy Federal Credit Union in Connecticut vs the state

20.0%Denial rate+2.55 pts vs state
28.0%Decision denial rate+6.40 pts vs state
50.5%Origination rate-9.91 pts vs state
7.65%Median rate+1.03 pts vs state
0.56Rate spread (pts)+0.32 pts vs state
$133kMedian applicant income
812Loans originated
321Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,35864528.1%7.65%#18
20241,50376320.6%7.95%#19
20251,60981220.0%7.65%#21

What Navy Federal Credit Union lends in Connecticut

By loan purpose

Home purchase 466 29% · 6.4% denied
Refinance 87 5% · 16.1% denied
Cash-out refinance 214 13% · 20.1% denied
Home improvement 457 28% · 24.1% denied
Other / HELOC 385 24% · 32.2% denied

By loan type

Conventional 1,326 82% · 22.3% denied
VA 283 18% · 8.8% denied

Why it denied Connecticut applicants

Debt-to-income ratio 131 41%
Credit history 69 21%
Other 67 21%
Collateral 22 7%
Unverifiable information 14 4%
Incomplete application 13 4%
Employment history 3 1%
Insufficient cash 2 1%

Where in Connecticut

Counties with the most Navy Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09180 50929179 15.5%
09110 32416457 17.6%
09170 1958846 23.6%
09140 1416141 29.1%
09190 1396526 18.7%
09130 1025618 17.6%
09120 933530 32.3%
09150 713810 14.1%
09160 351414 40.0%

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: 1,609 applications in 2025, of which 812 were originated and 321 denied.

20.0% of all applications, or 28.0% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Navy Federal Credit Union originated in Connecticut in 2025 was 7.65%, against a statewide median of 6.63%.

About this data. Figures are Navy Federal Credit Union'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