Union Bank · Vermont · 2025

Union Bank in Vermont: approval rate, denial rate and rates (2025)

Union Bank took 641 mortgage applications in Vermont in 2025, ranking #8 of 320 lenders active in the state. It originated 83.2% of them and denied 4.5% (5.1% of the applications it decided), against a statewide denial rate of 14.8%.

641Applicationsin VT
5.1%Decision denial ratestate 18.1%
6.63%Median ratestate 6.71%
$255,000Median loanstate $205,000
$154MVolume14 counties

Union Bank in Vermont vs the state

4.5%Denial rate-10.30 pts vs state
5.1%Decision denial rate-12.94 pts vs state
83.2%Origination rate+18.28 pts vs state
6.63%Median rate-0.08 pts vs state
0.20Rate spread (pts)+0.08 pts vs state
$120kMedian applicant income
533Loans originated
29Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236125017.5%6.75%#7
20246444979.0%6.88%#6
20256415334.5%6.63%#8

What Union Bank lends in Vermont

By loan purpose

Home purchase 484 76% · 3.3% denied
Refinance 35 5% · 0.0% denied
Cash-out refinance 38 6% · 10.5% denied
Home improvement 57 9% · 7.0% denied
Other / HELOC 27 4% · 18.5% denied

By loan type

Conventional 605 94% · 4.3% denied
FHA 31 5% · 9.7% denied
VA 5 1% · 0.0% denied

Why it denied Vermont applicants

Debt-to-income ratio 17 59%
Collateral 5 17%
Insufficient cash 3 10%
Credit history 2 7%
Other 2 7%

Where in Vermont

Counties with the most Union Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chittenden County 1521335 3.3%
Orleans County 87703 3.4%
Caledonia County 85689 10.6%
Lamoille County 84703 3.6%
Franklin County 78635 6.4%
Washington County 71612 2.8%
Addison County 20151 5.0%
Orange County 18140 0.0%
Essex County 15120 0.0%
Grand Isle County 12110 0.0%

Other large lenders in Vermont

LenderGradeApplicationsDenial rateMedian rate
Eastrise Federal Credit UnionA 3,5295.1%6.50%
Rocket MortgageC 1,16522.0%6.75%
North CountryC 1,1359.5%7.25%
Vermont Federal Credit UnionA 1,00312.0%6.75%
Citizens BankC 82638.9%7.65%
Emm LoansB 7611.5%6.63%
Mascoma BankB 71716.5%6.75%
Manufacturers and Traders TrustC 61730.8%5.99%
Community BankD 60713.3%7.00%
Northeast Home LoanA 5242.1%6.50%

Frequently asked questions

Vermont: 641 applications in 2025, of which 533 were originated and 29 denied.

4.5% of all applications, or 5.1% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans Union Bank originated in Vermont in 2025 was 6.63%, against a statewide median of 6.71%.

About this data. Figures are Union Bank's own HMDA filing for properties located in Vermont, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology