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COMMUNITY NATIONAL BANK

NEWPORT, VT

COMMUNITY NATIONAL BANK processed 279 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 220 loans with a 10.4% denial rate. Home Purchase was the primary loan purpose. Based in NEWPORT, VT. The approval rate of 78.9% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. COMMUNITY NATIONAL BANK processed 279 HMDA-reported mortgage applications in 2024, originating 220 loans and denying 29 for a denial rate of 10.4% (applicants themselves withdrew 23 files before a decision). The average loan amount was $332,993 at a 7.313% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300OQ3UC55Y6EPP22 from NEWPORT, VT.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. COMMUNITY NATIONAL BANK's 78.9% origination rate tells you how often an application turned into funded money; the 10.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (279 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

279
Applications
220
Originated
10.4%
Denial Rate
$332,993
Avg Loan Amount
Avg Interest Rate: 7.313% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 279 220 29 $332,993

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for COMMUNITY NATIONAL BANK (LEI: 549300OQ3UC55Y6EPP22) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
18
Credit history
10
Collateral
5
Other
5
Unverifiable information
4
Employment history
3
Credit application incomplete
1
Mortgage insurance denied
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 152 124 $442,303
Refinancing 43 38 $345,698
Cash-out Refinancing 41 25 $165,976
Home Improvement 24 19 $100,417
Other 19 14 $83,947

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 185 74.0% 14.1%
Asian 4 75.0% 0.0%
American Indian or Alaska Native 2 0.0% 0.0%
Black or African American 2 50.0% 0.0%
Joint 2 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 184 76.1% 12.0%
Hispanic or Latino 4 50.0% 25.0%
Joint 4 25.0% 50.0%

Nearby Lenders in VT

Other HMDA-reporting lenders in VT with similar activity. Compare any two side-by-side.

EastRise Federal Credit Union

WILLISTON, VT

3,172 apps 2,288 originated 6.0% denied

NorthCountry Federal Credit Union

Burlington, VT

1,223 apps 689 originated 17.5% denied

VERMONT FEDERAL CREDIT UNION

SOUTH BURLINGTON, VT

853 apps 601 originated 17.1% denied

Union Bank

Morrisville, VT

843 apps 662 originated 7.5% denied

NORTHFIELD SAVINGS BANK

BERLIN, VT

424 apps 257 originated 9.2% denied
Compare COMMUNITY NATIONAL BANK vs EastRise Federal Credit Union →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did COMMUNITY NATIONAL BANK process?
COMMUNITY NATIONAL BANK processed 279 mortgage applications in the 2023 HMDA reporting year. Of these, 220 were originated (approved and funded), 23 were withdrawn by the applicant, and 29 were denied.
What is COMMUNITY NATIONAL BANK's mortgage approval rate?
COMMUNITY NATIONAL BANK has an approval (origination) rate of 78.9%, meaning 78.9% of all applications resulted in a funded mortgage. The denial rate is 10.4%.
What is the average loan amount at COMMUNITY NATIONAL BANK?
The average mortgage loan amount at COMMUNITY NATIONAL BANK is $332,993. The average interest rate is 7.313%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at COMMUNITY NATIONAL BANK?
The most common reasons for mortgage denial at COMMUNITY NATIONAL BANK are: Debt-to-income ratio, Credit history, Collateral. In total, 29 applications were denied out of 279 total applications.
What types of mortgage loans does COMMUNITY NATIONAL BANK offer?
COMMUNITY NATIONAL BANK processes Conventional loans. The most common type is Conventional with 279 applications and an average loan amount of $332,993.
What loan purposes does COMMUNITY NATIONAL BANK serve?
COMMUNITY NATIONAL BANK serves the following loan purposes: Home Purchase (152 applications), Refinancing (43 applications), Cash-out Refinancing (41 applications), Home Improvement (24 applications), Other (19 applications). Home Purchase is the most common purpose.
Where is COMMUNITY NATIONAL BANK located?
COMMUNITY NATIONAL BANK is headquartered in NEWPORT, VT. The lender is identified by LEI 549300OQ3UC55Y6EPP22 in HMDA data.
How does COMMUNITY NATIONAL BANK compare in lending across racial demographics?
COMMUNITY NATIONAL BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.0% and denial rate of 14.1%; Asian applicants have an approval rate of 75.0% and denial rate of 0.0%; American Indian or Alaska Native applicants have an approval rate of 0.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.