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Better Mortgage Corporation in Connecticut

HMDA record for properties in Connecticut, calendar year 2024. National record · Connecticut overview

LEI 549300XY701IELCE5Q08
Reporting agency Department of Housing and Urban Development
State Connecticut

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

In Connecticut, Better Mortgage Corporation reported 237 applications and 90 originations for 2024, $35m in all.

Its denial rate in the state was 32.4%, above the Connecticut rate of 23.7% across all lenders and compared with the lender's national rate of 27.1%.

The median rate spread on its Connecticut originations was -0.1 percentage points (state median 0.3).

Applications in the state were up 13% on 2023.

237applications in CT, 20241.5% of the lender's total
90loans originated$35m
32.4%denial rateCT all lenders 23.7%
-0.1 ppmedian rate spreadCT 0.3 pp

Compared with the state and the lender's national record

MeasureIn ConnecticutConnecticut, all lendersBetter Mortgage Corporation, all statesUnited States
Denial rate32.4%23.7%27.1%24.3%
Median rate spread, pp-0.10.3-0.00.3
Originations with spread of 1.5 pp or more10.5%14.8%8.8%15.6%
Average originated loan$394k$325k$401k$329k
Home purchase share70.0%52.6%76.9%57.0%
FHA-insured share5.6%9.1%7.5%13.4%
VA-guaranteed share0.0%3.5%0.8%7.9%

Trend by year

ApplicationsOriginations

03006002022: 600 Applications2023: 209 Applications2024: 237 Applications2022: 272 Originations2023: 95 Originations2024: 90 Originations202220232024
Better Mortgage Corporation in Connecticut: applications and originations, 2022–2024

This lender in stateConnecticut, all lenders

0%16.2%32.4%2022: 14.5% This lender in state2023: 14.4% This lender in state2024: 32.4% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Connecticut

By purpose

Home purchase 70% (63)Refinancing 9% (8)Cash-out refinancing 7% (6)Other purpose 14% (13)

By type

Conventional 94% (85)FHA 6% (5)

Denial reasons as coded

Debt-to-income ratio34.1%
Credit history22.7%
Credit application incomplete18.2%
Collateral11.4%
Other9.1%
Employment history2.3%
Insufficient cash (downpayment, closing costs)2.3%
Unverifiable information0%
Mortgage insurance denied0%

Share of 44 denials in Connecticut by first denial reason coded (outlined bar: all lenders in the state).

Counties in Connecticut

CountyApplicationsOriginationsAmountDenial rate
Capitol Planning Region7027$9.3m28.9%
Western Connecticut Planning Region5522$12m33.3%
South Central Connecticut Planning Region3013$4.5m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Better Mortgage Corporation originate in Connecticut in 2024?

90 loans totalling $35m, from 237 applications reported for properties in Connecticut.

What is Better Mortgage Corporation's denial rate in Connecticut?

32.4% of decided applications in Connecticut were denied, against 23.7% for all lenders in the state and 27.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which Connecticut counties does Better Mortgage Corporation lend in most?

By originations: Capitol Planning Region (27), Western Connecticut Planning Region (22), South Central Connecticut Planning Region (13).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Connecticut. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.