Rutland County, VT Mortgage Lenders & HMDA Data, 2019
In 2019, lenders reported 1,888 mortgage applications in Rutland County, VT totaling $296.3 million, up 7% from 2018. The average application was for $156,000, and applicants reported an average income of $103,000. 55% of applications resulted in an originated loan and 20% were denied. The most active lender was Citizens Bank, NA, with 173 applications, followed by Vermont State Employees and People's United Bank.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,888 |
| Total Mortgage Loan Application Amount | $296,260,000 |
| Average Mortgage Loan Application Amount | $156,000 |
| Highest Mortgage Loan Application Amount | $1,415,000 |
| Average Applicant Income | $103,000 |
| Highest Applicant Income | $1,417,000 |
Top Mortgage Lenders in Rutland County, VT (2019)
Ranked by the number of mortgage applications each lender reported in Rutland County, VT in 2019.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Citizens Bank, NA Providence, RI |
173 | $25,205,000 | $145,000 | $98,000 |
| 2 | Vermont State Employees Montpelier, VT |
120 | $14,680,000 | $122,000 | $85,000 |
| 3 | People's United Bank Bridgeport, CT |
110 | $14,060,000 | $127,000 | $84,000 |
| 4 | Community Bank, N.A. Canton, NY |
93 | $10,235,000 | $110,000 | $73,000 |
| 5 | Primelending Dallas, TX |
87 | $14,135,000 | $162,000 | $91,000 |
| 6 | TD Bank Mount Laurel, NJ |
66 | $10,060,000 | $152,000 | $118,000 |
| 7 | Bar Harbor Bank & Trust Bar Harbor, ME |
59 | $11,535,000 | $195,000 | $102,000 |
| 8 | Homebridge Financial Services, Inc Iselin, NJ |
58 | $11,020,000 | $190,000 | $151,000 |
| 9 | Wells Fargo Bank NA Minneapolis, MN |
51 | $9,435,000 | $185,000 | $143,000 |
| 10 | US Bank, N.A. Cincinnati, OH |
51 | $6,565,000 | $128,000 | $97,000 |
The tables below break down 2019 mortgage applications in Rutland County, VT by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Rutland County, VT in 2019
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 883 | $149,505,000 | $169,000 | $1,055,000 | $104,000 | $1,366,000 |
| Refinancing | 415 | $69,965,000 | $168,000 | $1,415,000 | $105,000 | $1,000,000 |
| Cash-out Refinancing | 305 | $50,795,000 | $166,000 | $875,000 | $94,000 | $827,000 |
| Home Improvement | 145 | $11,835,000 | $81,000 | $405,000 | $101,000 | $468,000 |
| Other Purpose | 122 | $11,880,000 | $97,000 | $485,000 | $107,000 | $1,417,000 |
| Not Applicable | 18 | $2,280,000 | $126,000 | $255,000 | $121,000 | $121,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 1,429 | $219,415,000 | $153,000 | $875,000 | $101,000 | $1,417,000 |
| Not Provided | 252 | $41,440,000 | $164,000 | $555,000 | $105,000 | $769,000 |
| Not applicable | 138 | $23,230,000 | $168,000 | $1,415,000 | $112,000 | $526,000 |
| Hispanic | 34 | $6,530,000 | $192,000 | $755,000 | $110,000 | $384,000 |
| American Indian or Alaskan Native | 11 | $1,745,000 | $158,000 | $295,000 | $66,000 | $99,000 |
| Black or African American | 11 | $1,795,000 | $163,000 | $475,000 | $79,000 | $160,000 |
| Asian | 10 | $1,640,000 | $164,000 | $335,000 | $223,000 | $698,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $85,000 | $85,000 | $85,000 | $42,000 | $42,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,426 | $220,850,000 | $154,000 | $1,415,000 | $111,000 | $1,417,000 |
| FHA-insured (Federal Housing Administration) | 242 | $37,010,000 | $152,000 | $405,000 | $71,000 | $664,000 |
| VA-guaranteed (Veterans Administration) | 151 | $28,465,000 | $188,000 | $485,000 | $73,000 | $269,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 69 | $9,935,000 | $143,000 | $225,000 | $55,000 | $101,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 1,032 | $166,050,000 | $160,000 | $1,415,000 | $109,000 | $1,417,000 |
| Application Denied By Financial Institution | 382 | $55,770,000 | $145,000 | $875,000 | $83,000 | $1,000,000 |
| Application Withdrawn By Applicant | 210 | $32,350,000 | $154,000 | $575,000 | $105,000 | $1,059,000 |
| Loan Purchased By The Institution | 156 | $24,390,000 | $156,000 | $485,000 | $112,000 | $769,000 |
| File Closed For Incompleteness | 56 | $10,320,000 | $184,000 | $425,000 | $103,000 | $660,000 |
| Application Approved But Not Accepted | 50 | $7,140,000 | $142,000 | $375,000 | $102,000 | $412,000 |
| Preapproval Denied by Financial Institution | 2 | $240,000 | $120,000 | $125,000 | $35,000 | $55,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 1,489 | $237,705,000 | $159,000 | $1,415,000 | $108,000 | $1,417,000 |
| Debt-To-Income Ratio | 130 | $20,340,000 | $156,000 | $605,000 | $66,000 | $526,000 |
| Collateral | 87 | $14,315,000 | $164,000 | $875,000 | $90,000 | $275,000 |
| Credit History | 80 | $9,270,000 | $115,000 | $755,000 | $81,000 | $303,000 |
| Other | 36 | $5,010,000 | $139,000 | $345,000 | $111,000 | $751,000 |
| Credit Application Incomplete | 35 | $5,275,000 | $150,000 | $485,000 | $127,000 | $1,000,000 |
| Unverifiable Information | 13 | $1,345,000 | $103,000 | $425,000 | $99,000 | $293,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $1,685,000 | $153,000 | $355,000 | $81,000 | $179,000 |
| Employment History | 4 | $740,000 | $185,000 | $235,000 | $14,000 | $26,000 |
| Mortgage Insurance Denied | 3 | $575,000 | $191,000 | $255,000 | $112,000 | $136,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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