PlainLender

Thomaston Savings Bank

Thomaston, CT

Thomaston Savings Bank processed 911 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 679 loans with a 15.6% denial rate. Home Purchase was the primary loan purpose. Based in Thomaston, CT. The approval rate of 74.5% 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. Thomaston Savings Bank processed 911 HMDA-reported mortgage applications in 2024, originating 679 loans and denying 142 for a denial rate of 15.6% (applicants themselves withdrew 73 files before a decision). The average loan amount was $196,679 at a 7.210% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300JBZ3MK7Z4FI764 from Thomaston, CT.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Thomaston Savings Bank's 74.5% origination rate tells you how often an application turned into funded money; the 15.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (897 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.

911
Applications
679
Originated
15.6%
Denial Rate
$196,679
Avg Loan Amount
Avg Interest Rate: 7.210% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 897 669 139 $195,223
FHA 14 10 3 $290,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Thomaston Savings Bank (LEI: 549300JBZ3MK7Z4FI764) · 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
62
Other
51
Credit history
32
Collateral
30
Credit application incomplete
6
Insufficient cash
3
Employment history
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 312 242 $320,353
Other 302 210 $108,874
Home Improvement 125 94 $122,360
Refinancing 120 98 $178,500
Cash-out Refinancing 52 35 $185,192

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 714 75.2% 14.0%
Black or African American 32 56.3% 31.3%
Asian 13 76.9% 23.1%
Joint 4 100.0% 0.0%
Native Hawaiian or Other Pacific Islander 2 100.0% 0.0%
American Indian or Alaska Native 1 0.0% 100.0%

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 718 76.0% 13.5%
Hispanic or Latino 54 57.4% 33.3%
Joint 4 50.0% 50.0%

Nearby Lenders in CT

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

PLANET HOME LENDING, LLC

MERIDEN, CT

65,607 apps 10,396 originated 4.4% denied

RCN Capital, LLC

South Windsor, CT

12,981 apps 8,038 originated 15.6% denied

TOTAL MORTGAGE SERVICES, LLC

MILFORD, CT

8,112 apps 5,966 originated 5.7% denied

Webster Bank, N.A.

Stamford, CT

6,127 apps 3,211 originated 18.6% denied

RCN Capital, LLC

South Windsor, CT

5,091 apps 1,169 originated 31.9% denied
Compare Thomaston Savings Bank vs PLANET HOME LENDING, LLC →

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 Thomaston Savings Bank process?
Thomaston Savings Bank processed 911 mortgage applications in the 2023 HMDA reporting year. Of these, 679 were originated (approved and funded), 73 were withdrawn by the applicant, and 142 were denied.
What is Thomaston Savings Bank's mortgage approval rate?
Thomaston Savings Bank has an approval (origination) rate of 74.5%, meaning 74.5% of all applications resulted in a funded mortgage. The denial rate is 15.6%.
What is the average loan amount at Thomaston Savings Bank?
The average mortgage loan amount at Thomaston Savings Bank is $196,679. The average interest rate is 7.210%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Thomaston Savings Bank?
The most common reasons for mortgage denial at Thomaston Savings Bank are: Debt-to-income ratio, Other, Credit history. In total, 142 applications were denied out of 911 total applications.
What types of mortgage loans does Thomaston Savings Bank offer?
Thomaston Savings Bank processes Conventional, FHA loans. The most common type is Conventional with 897 applications and an average loan amount of $195,223.
What loan purposes does Thomaston Savings Bank serve?
Thomaston Savings Bank serves the following loan purposes: Home Purchase (312 applications), Other (302 applications), Home Improvement (125 applications), Refinancing (120 applications), Cash-out Refinancing (52 applications). Home Purchase is the most common purpose.
Where is Thomaston Savings Bank located?
Thomaston Savings Bank is headquartered in Thomaston, CT. The lender is identified by LEI 549300JBZ3MK7Z4FI764 in HMDA data.
How does Thomaston Savings Bank compare in lending across racial demographics?
Thomaston Savings Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.2% and denial rate of 14.0%; Black or African American applicants have an approval rate of 56.3% and denial rate of 31.3%; Asian applicants have an approval rate of 76.9% and denial rate of 23.1%. 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.