Union Savings Bank · Connecticut · 2025

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

Union Savings Bank took 916 mortgage applications in Connecticut in 2025, ranking #38 of 687 lenders active in the state. It originated 69.1% of them and denied 14.0% (16.6% of the applications it decided), against a statewide denial rate of 17.4%.

916Applicationsin CT
16.6%Decision denial ratestate 21.6%
5.49%Median ratestate 6.63%
$225,000Median loanstate $245,000
$232MVolume9 counties

Union Savings Bank in Connecticut vs the state

14.0%Denial rate-3.43 pts vs state
16.6%Decision denial rate-4.97 pts vs state
69.1%Origination rate+8.72 pts vs state
5.49%Median rate-1.13 pts vs state
-1.60Rate spread (pts)-1.84 pts vs state
$140kMedian applicant income
633Loans originated
128Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
202382554615.3%5.49%#36
202487058916.7%5.49%#39
202591663314.0%5.49%#38

What Union Savings Bank lends in Connecticut

By loan purpose

Home purchase 279 30% · 4.7% denied
Refinance 203 22% · 10.8% denied
Cash-out refinance 52 6% · 9.6% denied
Home improvement 277 30% · 21.3% denied
Other / HELOC 105 11% · 27.6% denied

By loan type

Conventional 916 100% · 14.0% denied

Why it denied Connecticut applicants

Debt-to-income ratio 75 59%
Credit history 33 26%
Collateral 17 13%
Employment history 2 2%
Insufficient cash 1 1%

Where in Connecticut

Counties with the most Union Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09190 56037778 13.9%
09160 1228819 15.6%
09140 1057015 14.3%
09120 52416 11.5%
09110 36286 16.7%
09170 25192 8.0%
09130 1271 8.3%
09180 211 50.0%
09150 220 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: 916 applications in 2025, of which 633 were originated and 128 denied.

14.0% of all applications, or 16.6% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Union Savings Bank originated in Connecticut in 2025 was 5.49%, against a statewide median of 6.63%.

About this data. Figures are Union Savings Bank'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