NexBank · Connecticut · 2025

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

NexBank took 57 mortgage applications in Connecticut in 2025, ranking #212 of 687 lenders active in the state. It originated 82.5% of them and denied 10.5% (11.3% of the applications it decided), against a statewide denial rate of 17.4%.

57Applicationsin CT
11.3%Decision denial ratestate 21.6%
6.38%Median ratestate 6.63%
$325,000Median loanstate $245,000
$21MVolume9 counties

NexBank in Connecticut vs the state

10.5%Denial rate-6.87 pts vs state
11.3%Decision denial rate-10.27 pts vs state
82.5%Origination rate+22.08 pts vs state
6.38%Median rate-0.25 pts vs state
0.14Rate spread (pts)-0.09 pts vs state
$158kMedian applicant income
47Loans originated
6Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
202360418.3%6.75%#183
202467591.5%6.63%#192
2025574710.5%6.38%#212

What NexBank lends in Connecticut

By loan purpose

Home purchase 41 72% · 7.3% denied
Refinance 4 7% · 25.0% denied
Cash-out refinance 8 14% · 25.0% denied
Other / HELOC 4 7% · 0.0% denied

By loan type

Conventional 55 96% · 10.9% denied
FHA 1 2% · 0.0% denied
VA 1 2% · 0.0% denied

Why it denied Connecticut applicants

Collateral 3 50%
Debt-to-income ratio 1 17%
Credit history 1 17%
Insufficient cash 1 17%

Where in Connecticut

Counties with the most NexBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09190 14102 14.3%
09110 13102 15.4%
09120 871 12.5%
09130 880 0.0%
09170 660 0.0%
09180 320 0.0%
09150 211 50.0%
09140 220 0.0%
09160 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: 57 applications in 2025, of which 47 were originated and 6 denied.

10.5% of all applications, or 11.3% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans NexBank originated in Connecticut in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are NexBank'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