U.S. Bank · Vermont · 2025

U.S. Bank in Vermont: approval rate, denial rate and rates (2025)

U.S. Bank took 145 mortgage applications in Vermont in 2025, ranking #32 of 320 lenders active in the state. It originated 35.9% of them and denied 50.3% (58.4% of the applications it decided), against a statewide denial rate of 14.8%.

145Applicationsin VT
58.4%Decision denial ratestate 18.1%
6.99%Median ratestate 6.71%
$105,000Median loanstate $205,000
$19MVolume13 counties

U.S. Bank in Vermont vs the state

50.3%Denial rate+35.52 pts vs state
58.4%Decision denial rate+40.33 pts vs state
35.9%Origination rate-29.01 pts vs state
6.99%Median rate+0.29 pts vs state
0.56Rate spread (pts)+0.43 pts vs state
$119kMedian applicant income
52Loans originated
73Denied

Trend in Vermont

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231234351.2%7.50%#28
20241013844.6%6.88%#35
20251455250.3%6.99%#32

What U.S. Bank lends in Vermont

By loan purpose

Home purchase 33 23% · 15.2% denied
Refinance 7 5% · 28.6% denied
Cash-out refinance 12 8% · 33.3% denied
Home improvement 42 29% · 59.5% denied
Other / HELOC 51 35% · 72.6% denied

By loan type

Conventional 143 99% · 49.7% denied
FHA 2 1% · 100.0% denied

Why it denied Vermont applicants

Debt-to-income ratio 28 38%
Credit history 21 29%
Collateral 16 22%
Other 3 4%
Incomplete application 2 3%
Insufficient cash 2 3%
Employment history 1 1%

Where in Vermont

Counties with the most U.S. Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Chittenden County 25713 52.0%
Rutland County 1565 33.3%
Franklin County 15410 66.7%
Windham County 1585 33.3%
Washington County 1485 35.7%
Bennington County 1383 23.1%
Caledonia County 1338 61.5%
Windsor County 1238 66.7%
Orleans County 807 87.5%
Lamoille County 541 20.0%

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%
Union BankB 6414.5%6.63%
Manufacturers and Traders TrustC 61730.8%5.99%
Community BankD 60713.3%7.00%

Frequently asked questions

Vermont: 145 applications in 2025, of which 52 were originated and 73 denied.

50.3% of all applications, or 58.4% of the applications it actually decided on. The Vermont statewide average across all lenders was 14.8%.

The median rate on loans U.S. Bank originated in Vermont in 2025 was 6.99%, against a statewide median of 6.71%.

About this data. Figures are U.S. 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