Largest mortgage lenders in Connecticut
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 6,043 | 4,505 | 16.5% | 6.75% |
| 2 | Citizens Bank | C | 4,895 | 3,030 | 26.2% | 7.40% |
| 3 | Bank of America | F | 4,591 | 2,061 | 32.1% | 6.00% |
| 4 | United Shore Financial Services | B | 4,239 | 3,084 | 13.7% | 6.50% |
| 5 | Total Mortgage Services | B | 4,219 | 3,299 | 4.5% | 6.63% |
| 6 | Manufacturers and Traders Trust | C | 4,030 | 2,398 | 31.8% | 5.99% |
| 7 | Liberty Bank | A | 3,513 | 2,765 | 9.5% | 5.99% |
| 8 | Webster Bank | C | 2,762 | 1,541 | 21.9% | 6.74% |
| 9 | Newrez | D | 2,556 | 874 | 21.8% | 6.88% |
| 10 | AMERICAN EAGLE FINANCIAL Credit Union | D | 2,463 | 1,709 | 18.9% | 7.75% |
| 11 | First World Mortgage | A | 2,332 | 2,009 | 3.5% | 6.49% |
| 12 | CMG Mortgage | A | 2,215 | 1,504 | 7.5% | 6.63% |
| 13 | TD Bank | D | 1,978 | 1,002 | 30.0% | 7.59% |
| 14 | Crosscountry Mortgage | B | 1,935 | 1,294 | 5.8% | 6.75% |
| 15 | Sikorsky Financial Credit Union | D | 1,836 | 1,153 | 20.4% | 7.24% |
| 16 | JPMorgan Chase Bank | B | 1,804 | 1,171 | 8.9% | 6.38% |
| 17 | U.S. Bank | D | 1,758 | 1,147 | 16.0% | 6.38% |
| 18 | Loandepot.Com | D | 1,665 | 945 | 24.3% | 6.99% |
| 19 | Freedom Mortgage | B | 1,645 | 586 | 9.5% | 6.25% |
| 20 | Broker Solutions | D | 1,611 | 530 | 13.2% | 6.75% |
| 21 | Navy Federal Credit Union | D | 1,609 | 812 | 20.0% | 7.65% |
| 22 | Pennymac Loan Services | C | 1,583 | 802 | 12.8% | 6.50% |
| 23 | Guaranteed Rate | B | 1,506 | 843 | 7.4% | 6.63% |
| 24 | Movement Mortgage | A | 1,421 | 1,093 | 2.3% | 6.50% |
| 25 | Mortgage Research Center | C | 1,284 | 580 | 17.7% | 6.25% |
Best approval odds in Connecticut
Lowest decision denial rate among lenders that decided at least 300 Connecticut applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Coastal Community Bank | 447 | 1.1% | 9.74% |
| 2 | Movement Mortgage | 1,214 | 2.6% | 6.50% |
| 3 | American Neighborhood Mortgage Acceptance Company | 783 | 2.9% | 6.63% |
| 4 | Homestead Funding | 424 | 3.1% | 6.38% |
| 5 | First World Mortgage | 2,090 | 3.9% | 6.49% |
| 6 | Primelending, a Plainscapital | 464 | 4.3% | 6.75% |
| 7 | Total Mortgage Services | 3,519 | 5.4% | 6.63% |
| 8 | Union Home Mortgage | 390 | 6.2% | 6.63% |
| 9 | Guaranteed Rate Affinity | 609 | 6.7% | 6.63% |
| 10 | Fairway Independent Mortgage | 804 | 7.6% | 6.63% |
Lowest median rates in Connecticut
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | NBT Bank | 113 | 4.99% | 22.2% |
| 2 | Berkshire Bank | 109 | 5.00% | 24.6% |
| 3 | Union Savings Bank | 633 | 5.49% | 14.0% |
| 4 | Morgan Stanley Private Bank | 224 | 5.80% | 3.6% |
| 5 | Connecticut State Employees | 286 | 5.80% | 19.1% |
| 6 | Members Mortgage Company | 332 | 5.88% | 7.1% |
| 7 | Liberty Bank | 2,765 | 5.99% | 9.5% |
| 8 | Manufacturers and Traders Trust | 2,352 | 5.99% | 31.8% |
| 9 | The Milford Bank | 112 | 6.00% | 20.8% |
| 10 | Bank of America | 2,061 | 6.00% | 32.1% |
What Connecticut borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Connecticut applications were denied
Connecticut mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 105,543 | 63,000 | 19.3% | 6.75% | $205,000 | 714 |
| 2024 | 112,090 | 66,855 | 19.3% | 6.88% | $215,000 | 683 |
| 2025 | 123,752 | 74,717 | 17.4% | 6.63% | $245,000 | 687 |
Frequently asked questions
17.4% of mortgage applications in Connecticut were denied in 2025 (21.6% of applications that reached a decision). Nationally the rate was 18.0%.
Rocket Mortgage handled the most applications in Connecticut in 2025: 6,043, with a denial rate of 16.5%.
Among lenders that decided at least 300 applications in Connecticut, Coastal Community Bank had the lowest decision denial rate at 1.1%.
The median interest rate on loans originated in Connecticut in 2025 was 6.63%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.