Wells Fargo Bank · Connecticut · 2025

Wells Fargo Bank in Connecticut: approval rate, denial rate and rates (2025)

Wells Fargo Bank took 736 mortgage applications in Connecticut in 2025, ranking #44 of 687 lenders active in the state. It originated 54.4% of them and denied 15.2% (21.9% of the applications it decided), against a statewide denial rate of 17.4%.

736Applicationsin CT
21.9%Decision denial ratestate 21.6%
6.13%Median ratestate 6.63%
$365,000Median loanstate $245,000
$505MVolume9 counties

Wells Fargo Bank in Connecticut vs the state

15.2%Denial rate-2.18 pts vs state
21.9%Decision denial rate+0.29 pts vs state
54.4%Origination rate-6.03 pts vs state
6.13%Median rate-0.50 pts vs state
-0.08Rate spread (pts)-0.32 pts vs state
$156kMedian applicant income
400Loans originated
112Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,03848726.4%6.13%#27
202473933624.2%6.38%#43
202573640015.2%6.13%#44

What Wells Fargo Bank lends in Connecticut

By loan purpose

Home purchase 429 58% · 11.4% denied
Refinance 80 11% · 15.0% denied
Cash-out refinance 189 26% · 22.2% denied
Home improvement 13 2% · 15.4% denied
Other / HELOC 25 3% · 28.0% denied

By loan type

Conventional 703 96% · 14.7% denied
FHA 33 4% · 27.3% denied

Why it denied Connecticut applicants

Debt-to-income ratio 77 69%
Credit history 11 10%
Collateral 9 8%
Other 8 7%
Insufficient cash 6 5%
Unverifiable information 1 1%

Where in Connecticut

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09190 29218028 9.6%
09110 985120 20.4%
09170 985022 22.4%
09140 914222 24.2%
09120 572410 17.5%
09180 40204 10.0%
09130 26134 15.4%
09160 24142 8.3%
09150 1060 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: 736 applications in 2025, of which 400 were originated and 112 denied.

15.2% of all applications, or 21.9% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Wells Fargo Bank originated in Connecticut in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are Wells Fargo 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