Nutmeg State Financial at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D 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%
3rd41.4% deniedProcesswithdrawn + incomplete share, weight 15%
81st4.3%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 640 | 410 | 30.5% | 30.6% | — | $48M |
| 2024 | 874 | 412 | 47.8% | 48.6% | — | $46M |
| 2025 | 726 | 395 | 39.7% | 41.4% | — | $41M |
What Nutmeg State Financial 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: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 4 investment properties.
Who gets approved at Nutmeg State Financial
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 43 | 11 | 72.5% |
| $50k – $100k | 197 | 96 | 49.0% |
| $100k – $150k | 220 | 125 | 38.3% |
| $150k – $250k | 164 | 96 | 34.6% |
| Over $250k | 98 | 65 | 30.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 67 | 33 | 49.2% |
| 35–44 | 203 | 104 | 44.3% |
| 45–54 | 212 | 120 | 37.8% |
| 55–64 | 132 | 77 | 38.1% |
| 65–74 | 78 | 40 | 46.1% |
| Over 74 | 31 | 18 | 36.7% |
Where Nutmeg State Financial lends
3 states and 11 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Connecticut | 724 | 394 | 39.6% | — | #45 |
Frequently asked questions
Nutmeg State Financial denied 41.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 3rd percentile of small mortgage lenders.
In 2025, 8% of its applications were for home purchases, 25% for refinancing (including cash-out), and 67% for home improvement or other purposes. By loan type: 100% conventional, 0% 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.