Vermont mortgage lenders: applications, originations, denial rate and counties, 2024

States › Vermont

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. Record year 2024.

Vermont had 18,425 HMDA-reported mortgage applications and 11,750 originations ($3.1bn) in 2024, from 70 lenders with at least 25 applications in the state.

The statewide denial rate was 19.6% (national 24.3%) and the median rate spread 0.3 percentage points (national 0.3). Originations ran at 43.0 per 1,000 households, against 48.0 nationally.

Originations in the state went from 13,890 in 2018 to 11,750 in 2024; the denial rate moved from 21.3% to 19.6%.

The most active lenders by originations were EastRise Federal Credit Union (2,206), Rocket Mortgage (706) and NorthCountry Federal Credit Union (668).

18,425applications, 2024

11,750loans originated$3.1bn

19.6%denial rateUS 24.3%

43.0originations per 1,000 householdsUS 48.0

Most active lenders in Vermont

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	EastRise Federal Credit Union	3,052	2,206	$406m	7.6%	-0.1
2	Rocket Mortgage	928	706	$158m	16.9%	0.6
3	NorthCountry Federal Credit Union	1,168	668	$82m	22.7%	1.1
4	Vermont Federal Credit Union	853	601	$120m	18.7%	-0.1
5	Union Bank	644	497	$154m	10.4%	0.3
6	Northeast Home Loan, LLC	534	467	$169m	2.7%	0.1
7	EMM Loans LLC	546	450	$156m	2.5%	0.3
8	Mascoma Bank	653	448	$136m	17.1%	0.1
9	Community Bank, N.A.	565	405	$123m	13.9%	0.3
10	CMG Mortgage Inc	486	359	$110m	5.8%	0.2
11	M&T Bank	573	342	$104m	32.2%	0.7
12	CBNA Year to Date	635	295	$61m	45.7%	0.7
13	802 Credit Union	295	295	$45m	0.0%	0.6
14	Northfield Savings Bank	369	257	$87m	12.6%	0.0
15	TD Bank	426	220	$47m	35.3%	0.6
16	Community National Bank	264	209	$77m	11.0%	0.3
17	Peoples Trust Company of St. Albans	200	152	$34m	14.1%	—
18	Luminate Home Loans, Inc.	189	138	$39m	9.8%	0.6
19	Mortgage Research Center	308	136	$41m	28.0%	-0.1
20	Fairway Independent Mort Corp	182	132	$40m	10.7%	0.5
21	National Bank of Middlebury	162	126	$38m	5.9%	—
22	Guild Mortgage Company	158	120	$32m	8.1%	0.4
23	United Wholesale Mortgage	126	95	$37m	8.6%	0.2
24	Bank of America NA	171	93	$40m	29.5%	0.6
25	Navy Federal Credit Union	181	85	$21m	24.1%	-0.1
26	One Credit Union	100	80	$5.4m	14.0%	0.9
27	Advisors Mortgage Group, LLC	96	72	$25m	6.5%	0.5
28	JPMorgan Chase Bank, NA	112	68	$45m	17.6%	0.2
29	Freedom Mortgage Corporation	147	66	$20m	22.8%	0.2
30	Primelending	83	66	$18m	4.0%	0.4
31	Pennymac Loan Services LLC	111	64	$20m	21.7%	-0.1
32	Green Mountain Credit Union	64	63	$11m	1.6%	—
33	Bar Harbor Bank & Trust	110	60	$19m	29.4%	0.3
34	Morgan Stanley Private Bank NA	66	53	$34m	1.6%	-0.3
35	Newrez LLC	191	52	$11m	44.1%	0.8
36	New American Funding, LLC.	153	52	$15m	34.9%	1.0
37	Discover Bank	317	50	$3.8m	76.2%	1.9
38	Loandepot.com, LLC	96	50	$13m	34.2%	0.3
39	Movement Mortgage, LLC	77	50	$15m	5.0%	0.4
40	Nbt Bank NA	74	50	$36m	15.2%	-2.7
41	Crosscountry Mortgage, LLC	75	46	$16m	11.3%	0.9
42	Berkshire Bank	88	44	$11m	33.8%	-2.2
43	Nationstar Mortgage	69	43	$11m	23.3%	0.8
44	Guaranteed Rate, Inc.	74	42	$17m	18.9%	0.5
45	Keybank National Association	106	40	$7.4m	50.6%	1.6
46	Usaa Bank	69	39	$13m	29.8%	-0.1
47	Us Bank, N.A.	101	38	$23m	54.2%	0.2
48	Service Federal Credit Union	80	38	$6.4m	37.7%	-0.5
49	Amerant Mortgage LLC	50	36	$13m	12.2%	0.3
50	Mutual of Omaha Mortgage	90	33	$8.6m	39.0%	—
51	Amerisave Mortgage Company	293	32	$4.5m	86.4%	1.2
52	Ark-La-Tex Financial Services LLC	38	31	$13m	3.1%	0.2
53	Wells Fargo Bank NA	67	30	$14m	25.0%	0.2
54	Msa Mortgage, LLC	38	28	$10.0m	3.4%	—
55	Greylock Federal Credit Union	37	28	$3.1m	3.3%	0.4
56	Figure Lending LLC	96	27	$1.8m	37.8%	5.8
57	Opportunities Credit Union	52	27	$5.8m	34.0%	—
58	Citibank, NA	39	27	$25m	10.0%	-0.2
59	HomeBridge Financial Services, Inc	35	23	$6.7m	25.8%	—
60	Lakeview Loan Servicing, LLC	56	21	$7.1m	44.2%	—

Top 60 of 70 lenders with at least 25 applications in the state, by originations. 36 lenders have 100 or more applications here and link to a state-specific page.

Compared with the nation

Measure	Vermont	United States
Denial rate	19.6%	24.3%
Median rate spread, pp	0.3	0.3
Originations with spread of 1.5 pp or more	14.4%	15.6%
Average originated loan	$266k	$329k
Originations per 1,000 households	43.0	48.0
Home purchase share of originations	49.9%	57.0%
FHA-insured share	4.9%	13.4%
VA-guaranteed share	4.0%	7.9%

Trend, 2018–2024

ApplicationsOriginations

Applications and originations in Vermont by year

VermontUnited States

Denial rate by year, US dashed

FHA share of originationsVA share

FHA-insured and VA-guaranteed shares of originations in Vermont by year

Year	Applications	Originations	Amount	Denial rate	FHA	VA	Refinance share
2018	21,731	13,890	$2.6bn	21.3%	6.9%	4.1%	32.6%
2019	24,219	15,951	$3.2bn	17.7%	6.6%	5.2%	37.4%
2020	37,168	25,112	$5.9bn	13.7%	4.4%	5.7%	56.7%
2021	37,901	25,838	$6.3bn	13.8%	4.8%	5.5%	54.5%
2022	25,103	16,601	$4.3bn	17.4%	4.8%	3.5%	32.9%
2023	17,643	11,030	$2.7bn	20.6%	5.2%	3.5%	20.9%
2024	18,425	11,750	$3.1bn	19.6%	4.9%	4.0%	22.7%

Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).

Loan purpose and loan type, 2024

By purpose

Home purchase 50% (5,861)Home improvement 16% (1,906)Refinancing 13% (1,560)Cash-out refinancing 9% (1,103)Other purpose 11% (1,320)

By type

Conventional 91% (10,653)FHA 5% (576)VA 4% (474)USDA 0% (47)

Counties

County	Applications	Originations	Per 1,000 households	Denial rate	Median spread	Lenders
Chittenden County	4,316	2,988	41.8	14.2%	0.1	28
Washington County	1,877	1,206	46.6	17.9%	0.2	18
Franklin County	1,855	1,196	59.9	19.7%	0.3	18
Windsor County	1,750	1,082	42.8	21.9%	0.3	16
Rutland County	1,495	897	35.4	25.4%	0.4	17
Windham County	1,303	810	40.9	21.2%	0.5	11
Lamoille County	1,006	611	51.2	21.0%	0.4	8
Addison County	931	606	40.5	16.8%	0.3	10
Orleans County	866	556	46.1	18.7%	0.4	7
Orange County	791	493	38.7	22.2%	0.4	7
Caledonia County	812	481	36.7	24.1%	0.4	6
Bennington County	813	447	29.8	27.4%	0.4	9
Grand Isle County	314	195	62.1	21.7%	0.3	2
Essex County	223	120	42.5	30.6%	0.8	1

By originations. Lenders: those with at least 25 applications in the county.

VA-guaranteed loans by month

VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Vermont originations by year is charted above from HMDA.

Questions and answers

Which mortgage lenders are most active in Vermont?

By 2024 originations: EastRise Federal Credit Union (2,206), Rocket Mortgage (706), NorthCountry Federal Credit Union (668), Vermont Federal Credit Union (601), Union Bank (497). 70 lenders had at least 25 applications in the state.

What is the mortgage denial rate in Vermont?

19.6% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

How has mortgage lending in Vermont changed since 2018?

Originations went from 13,890 in 2018 to 11,750 in 2024; the denial rate moved from 21.3% to 19.6%.

Where does this data come from?

From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.