Newrez · Connecticut · 2025

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

Newrez took 2,556 mortgage applications in Connecticut in 2025, ranking #9 of 687 lenders active in the state. It originated 34.2% of them and denied 21.8% (38.5% of the applications it decided), against a statewide denial rate of 17.4%.

2.6kApplicationsin CT
38.5%Decision denial ratestate 21.6%
6.88%Median ratestate 6.63%
$245,000Median loanstate $245,000
$272MVolume9 counties

Newrez in Connecticut vs the state

21.8%Denial rate+4.43 pts vs state
38.5%Decision denial rate+16.89 pts vs state
34.2%Origination rate-26.19 pts vs state
6.88%Median rate+0.25 pts vs state
0.61Rate spread (pts)+0.38 pts vs state
$107kMedian applicant income
874Loans originated
558Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,49056119.0%6.75%#16
20242,04676223.5%6.88%#12
20252,55687421.8%6.88%#9

What Newrez lends in Connecticut

By loan purpose

Home purchase 467 18% · 12.6% denied
Refinance 546 21% · 16.5% denied
Cash-out refinance 1,543 60% · 26.5% denied

By loan type

Conventional 1,869 73% · 19.0% denied
FHA 566 22% · 33.6% denied
VA 120 5% · 10.8% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Connecticut applicants

Debt-to-income ratio 370 66%
Credit history 81 15%
Unverifiable information 39 7%
Collateral 27 5%
Other 17 3%
Insufficient cash 14 3%
Employment history 10 2%

Where in Connecticut

Counties with the most Newrez applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09110 661232137 20.7%
09190 424145103 24.3%
09170 42014291 21.7%
09140 37312785 22.8%
09120 2658264 24.2%
09180 1745132 18.4%
09130 1135718 15.9%
09160 672410 14.9%
09150 591418 30.5%

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%
AMERICAN EAGLE FINANCIAL Credit UnionD 2,46318.9%7.75%
First World MortgageA 2,3323.5%6.49%

Frequently asked questions

Connecticut: 2,556 applications in 2025, of which 874 were originated and 558 denied.

21.8% of all applications, or 38.5% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Newrez originated in Connecticut in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Newrez'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