Pennymac Loan Services · Connecticut · 2025

Pennymac Loan Services in Connecticut: approval rate, denial rate and rates (2025)

Pennymac Loan Services took 1,583 mortgage applications in Connecticut in 2025, ranking #22 of 687 lenders active in the state. It originated 50.7% of them and denied 12.8% (19.6% of the applications it decided), against a statewide denial rate of 17.4%.

1.6kApplicationsin CT
19.6%Decision denial ratestate 21.6%
6.50%Median ratestate 6.63%
$285,000Median loanstate $245,000
$261MVolume9 counties

Pennymac Loan Services in Connecticut vs the state

12.8%Denial rate-4.58 pts vs state
19.6%Decision denial rate-2.00 pts vs state
50.7%Origination rate-9.72 pts vs state
6.50%Median rate-0.13 pts vs state
0.35Rate spread (pts)+0.11 pts vs state
$119kMedian applicant income
802Loans originated
203Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
202368031317.7%6.75%#39
202492948513.8%6.63%#34
20251,58380212.8%6.50%#22

What Pennymac Loan Services lends in Connecticut

By loan purpose

Home purchase 402 25% · 9.2% denied
Refinance 411 26% · 8.3% denied
Cash-out refinance 418 26% · 17.9% denied
Other / HELOC 352 22% · 16.2% denied

By loan type

Conventional 901 57% · 12.4% denied
FHA 521 33% · 14.6% denied
VA 161 10% · 9.3% denied

Why it denied Connecticut applicants

Debt-to-income ratio 59 29%
Collateral 48 24%
Credit history 42 21%
Incomplete application 25 12%
Unverifiable information 14 7%
Insufficient cash 10 5%
Employment history 3 1%
Other 2 1%

Where in Connecticut

Counties with the most Pennymac Loan Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09110 47123760 12.7%
09140 23911536 15.1%
09170 22810926 11.4%
09180 20012020 10.0%
09190 1377321 15.3%
09120 1205516 13.3%
09130 84438 9.5%
09150 612910 16.4%
09160 43216 14.0%

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: 1,583 applications in 2025, of which 802 were originated and 203 denied.

12.8% of all applications, or 19.6% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Pennymac Loan Services originated in Connecticut in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Pennymac Loan Services'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