NBT Bank · Vermont · 2025

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

NBT Bank took 92 mortgage applications in Vermont in 2025, ranking #47 of 320 lenders active in the state. It originated 62.0% of them and denied 18.5% (21.5% of the applications it decided), against a statewide denial rate of 14.8%.

92Applicationsin VT
21.5%Decision denial ratestate 18.1%
5.25%Median ratestate 6.71%
$225,000Median loanstate $205,000
$18MVolume12 counties

NBT Bank in Vermont vs the state

18.5%Denial rate+3.66 pts vs state
21.5%Decision denial rate+3.45 pts vs state
62.0%Origination rate-2.91 pts vs state
5.25%Median rate-1.46 pts vs state
-3.33Rate spread (pts)-3.46 pts vs state
$183kMedian applicant income
57Loans originated
17Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023724415.3%3.50%#46
2024745013.5%5.50%#47
2025925718.5%5.25%#47

What NBT Bank lends in Vermont

By loan purpose

Home purchase 22 24% · 13.6% denied
Refinance 29 32% · 13.8% denied
Cash-out refinance 5 5% · 20.0% denied
Home improvement 19 21% · 10.5% denied
Other / HELOC 17 18% · 41.2% denied

By loan type

Conventional 92 100% · 18.5% denied

Why it denied Vermont applicants

Debt-to-income ratio 14 82%
Credit history 2 12%
Incomplete application 1 6%

Where in Vermont

Counties with the most NBT Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chittenden County 54356 11.1%
Rutland County 962 22.2%
Franklin County 622 33.3%
Windham County 540 0.0%
Addison County 431 25.0%
Washington County 422 50.0%
Grand Isle County 312 66.7%
Bennington County 211 50.0%
Lamoille County 211 50.0%
Orange County 110 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: 92 applications in 2025, of which 57 were originated and 17 denied.

18.5% of all applications, or 21.5% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans NBT Bank originated in Vermont in 2025 was 5.25%, against a statewide median of 6.71%.

About this data. Figures are NBT Bank'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