NBT Bank · Connecticut · 2025

NBT Bank in Connecticut: approval rate, denial rate and rates (2025)

NBT Bank took 171 mortgage applications in Connecticut in 2025, ranking #116 of 687 lenders active in the state. It originated 66.1% of them and denied 22.2% (24.2% of the applications it decided), against a statewide denial rate of 17.4%.

171Applicationsin CT
24.2%Decision denial ratestate 21.6%
4.99%Median ratestate 6.63%
$205,000Median loanstate $245,000
$75MVolume8 counties

NBT Bank in Connecticut vs the state

22.2%Denial rate+4.82 pts vs state
24.2%Decision denial rate+2.61 pts vs state
66.1%Origination rate+5.70 pts vs state
4.99%Median rate-1.63 pts vs state
-3.35Rate spread (pts)-3.59 pts vs state
$144kMedian applicant income
113Loans originated
38Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023916218.7%6.05%#144
20241318020.6%6.00%#132
202517111322.2%4.99%#116

What NBT Bank lends in Connecticut

By loan purpose

Home purchase 33 19% · 9.1% denied
Refinance 56 33% · 19.6% denied
Cash-out refinance 1 1% · 0.0% denied
Home improvement 34 20% · 26.5% denied
Other / HELOC 47 27% · 31.9% denied

By loan type

Conventional 170 99% · 22.4% denied
FHA 1 1% · 0.0% denied

Why it denied Connecticut applicants

Debt-to-income ratio 26 68%
Credit history 8 21%
Collateral 3 8%
Other 1 3%

Where in Connecticut

Counties with the most NBT Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09160 1086825 23.1%
09110 463210 21.7%
09140 963 33.3%
09170 330 0.0%
09130 220 0.0%
09190 100 0.0%
09120 110 0.0%
09180 110 0.0%

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: 171 applications in 2025, of which 113 were originated and 38 denied.

22.2% of all applications, or 24.2% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans NBT Bank originated in Connecticut in 2025 was 4.99%, against a statewide median of 6.63%.

About this data. Figures are NBT Bank'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