Newtown Savings Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
56th8.4% deniedPricingmedian rate spread over APOR, weight 30%
85th-0.06 ptsProcesswithdrawn + incomplete share, weight 15%
15th22.2%Closing coststotal loan costs ÷ loan amount, weight 10%
52nd1.87% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,330 | 941 | 6.7% | 8.5% | 6.25% | $318M |
| 2024 | 1,100 | 762 | 8.6% | 11.0% | 6.50% | $305M |
| 2025 | 1,059 | 748 | 6.5% | 8.4% | 6.38% | $281M |
What Newtown Savings Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 278 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 49 investment properties.
Why Newtown Savings Bank denies applications
Primary reason reported for each of the 69 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Newtown Savings Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 23 | 7 | 41.7% |
| $50k – $100k | 197 | 128 | 14.6% |
| $100k – $150k | 265 | 190 | 8.6% |
| $150k – $250k | 326 | 233 | 7.1% |
| Over $250k | 234 | 178 | 2.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 307 | 224 | 5.8% |
| 35–44 | 253 | 171 | 8.1% |
| 45–54 | 171 | 117 | 13.2% |
| 55–64 | 150 | 108 | 10.7% |
| 65–74 | 97 | 76 | 3.8% |
| Over 74 | 51 | 30 | 14.3% |
Where Newtown Savings Bank lends
1 states and 9 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 1,059 | 748 | 6.5% | 6.38% | #30 |
Frequently asked questions
Newtown Savings Bank denied 8.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 56th percentile of small mortgage lenders.
The most common reason Newtown Savings Bank gave in 2025 was "other", cited on 37.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Newtown Savings Bank originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was -0.06 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 59% of its applications were for home purchases, 20% for refinancing (including cash-out), and 21% for home improvement or other purposes. By loan type: 98% conventional, 2% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.