Vermont Mortgage Lending
243 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 19,531 HMDA-reported mortgage applications in Vermont in 2024, originating 11,750 loans and denying 2,963. That puts the statewide denial rate at 15.2% and the approval (origination) rate at 60.2%. The average loan amount across Vermont was $260,051 at an average note rate of 7.16%. 243 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 14 counties and 2 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 62.7% and denial rate of 15.3%; while Joint applicants had an approval rate of 61.5% and denial rate of 13.4%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Chittenden County, Franklin County, Washington County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Vermont
Top HMDA-reporting lenders active in Vermont. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | EastRise Federal Credit Union | 2,206 | 18.8% |
| 2 | ROCKET MORTGAGE | 706 | 6.0% |
| 3 | NorthCountry Federal Credit Union | 668 | 5.7% |
| 4 | VERMONT FEDERAL CREDIT UNION | 601 | 5.1% |
| 5 | Union Bank | 497 | 4.2% |
Lending by Race in Vermont
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 14,750 | 62.7% | 15.3% |
| Joint | 358 | 61.5% | 13.4% |
| Asian | 300 | 56.7% | 18.3% |
| Black or African American | 128 | 40.6% | 32.0% |
| American Indian or Alaska Native | 92 | 44.6% | 23.9% |
| Native Hawaiian or Other Pacific Islander | 14 | 50.0% | 14.3% |
| 2 or more minority races | 13 | 38.5% | 23.1% |
Counties in Vermont
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Chittenden County | 4,517 | 2,988 | 11.3% | $305,170 |
| Franklin County | 2,014 | 1,196 | 14.9% | $224,076 |
| Washington County | 2,000 | 1,206 | 13.5% | $230,055 |
| Windsor County | 1,844 | 1,082 | 17.2% | $279,414 |
| Rutland County | 1,609 | 897 | 19.6% | $279,357 |
| Windham County | 1,374 | 810 | 16.3% | $254,090 |
| Lamoille County | 1,056 | 611 | 15.8% | $376,676 |
| Addison County | 979 | 606 | 13.1% | $227,646 |
| Orleans County | 936 | 556 | 14.1% | $193,600 |
| Bennington County | 869 | 447 | 20.4% | $247,371 |
| Caledonia County | 861 | 481 | 18.2% | $179,866 |
| Orange County | 829 | 493 | 17.7% | $205,832 |
| Grand Isle County | 328 | 195 | 17.1% | $249,116 |
| Essex County | 234 | 120 | 23.5% | $153,376 |
Metro Areas in Vermont
Frequently Asked Questions
How many mortgage applications were filed in Vermont?
What is the mortgage denial rate in Vermont?
What is the average mortgage loan amount in Vermont?
How many mortgage lenders operate in Vermont?
How do mortgage denial rates vary by demographics in Vermont?
Which counties in Vermont have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
