Mortgage Approval and Denial Rates in Vermont (2025 HMDA)
Mortgage denial rates in Vermont: lenders acted on 20,660 mortgage applications in Vermont in 2025 and denied 14.8% of them, down from 16.1% in 2024. The national denial rate was 17.7%.
Applications acted on
20,660
Loans originated
13,414
Denial rate
14.8%
Median loan
$205,000
Vermont against the national picture
Most-reported denial reason in Vermont: Debt-to-income ratio.
Counties ranked by denial rate
| County | Applications | Denial rate | Median loan |
|---|---|---|---|
| Orange County | 869 | 19.9% | $185,000 |
| Bennington County | 874 | 19.5% | $205,000 |
| Rutland County | 1,702 | 19.2% | $195,000 |
| Windsor County | 2,167 | 18.5% | $215,000 |
| Essex County | 239 | 18.0% | $145,000 |
| Windham County | 1,403 | 17.0% | $215,000 |
| Orleans County | 1,025 | 16.9% | $165,000 |
| Addison County | 995 | 16.3% | $185,000 |
| Caledonia County | 932 | 15.5% | $165,000 |
| Lamoille County | 1,025 | 14.6% | $255,000 |
| Franklin County | 1,992 | 13.1% | $205,000 |
| Washington County | 2,058 | 12.1% | $205,000 |
| Grand Isle County | 362 | 11.9% | $235,000 |
| Chittenden County | 5,017 | 10.5% | $255,000 |
Find out what you'd be approved for in Vermont
State averages hide a lot. Compare real offers based on your credit, income and down payment.
Compare mortgage offersEditorial disclosure — Some companies listed here are commercial brands. We select them editorially from public regulatory data and are never paid for placement or ranking. Read our full disclosure.
Reading these numbers
The denial rate counts applications the lender acted on, so withdrawn files do not inflate it. A high rate does not automatically mean strict lenders: counties with many first-time or lower-income applicants tend to show higher denial rates because of debt-to-income and credit-history thresholds, which are the two reasons lenders report most often. Median loan amount and median applicant income are computed from the same application records, so they describe who is applying — not who ends up buying.
Source: Consumer Financial Protection Bureau, HMDA Data Browser (2025 loan application register). Latest observation 2026-08-23.