Chelsea Groton Bank mortgage approval rate & lending review
Chelsea Groton Bank decided 878 mortgage applications and funded 753 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Chelsea Groton Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Chelsea Groton Bank at a glance
Approval is 11.6 points above the 81.3% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 96% | 443 / 460 | 91% | $385K | 401 |
| Home improvement loans | 88% | 115 / 131 | 95% | $55K | 109 |
| Refinance | 80% | 94 / 117 | 99% | $85K | 93 |
| Investment property purchase | 98% | 117 / 119 | 92% | $195K | 108 |
Chelsea Groton Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Connecticut | 93% | $385K | 825 | 707 |
| Rhode Island | 96% | $455K | 52 | 45 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Chelsea Groton Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Southeastern Connecticut Planning Region, CT | Mortgage lenders | 93% | 215 | 176 |
| Capitol Planning Region, CT | Mortgage lenders | 100% | 162 | 155 |
| Southeastern Connecticut Planning Region, CT | Home improvement loans | 87% | 113 | 93 |
| Southeastern Connecticut Planning Region, CT | Refinance | 81% | 88 | 70 |
| Capitol Planning Region, CT | Investment property purchase | 100% | 58 | 56 |
| Southeastern Connecticut Planning Region, CT | Investment property purchase | 98% | 41 | 36 |
| Lower Connecticut River Valley Planning Region, CT | Mortgage lenders | 97% | 31 | 26 |
| Washington County, RI | Mortgage lenders | 96% | 23 | 20 |
| Southeastern Connecticut Planning Region, CT | Cash-out refinance | 95% | 21 | 16 |
The county markets where Chelsea Groton Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Chelsea Groton Bank
What is Chelsea Groton Bank's mortgage approval rate?
Chelsea Groton Bank approved 92.9% of the 878 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 11.6 points above the 81.3% national rate for the same mix of loan types.
How often do borrowers take the loan Chelsea Groton Bank offers?
Borrowers accepted 92% of the loans Chelsea Groton Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Chelsea Groton Bank make?
The typical home purchase mortgage loan Chelsea Groton Bank made was $385K; across all loan types its typical loan ran from $55K to $385K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Chelsea Groton Bank lend?
Chelsea Groton Bank decided applications in 3 of the states Fat Boy Data covers, most of them in Connecticut, Rhode Island and New York.
Can I apply to Chelsea Groton Bank directly?
Yes. Chelsea Groton Bank is a bank or credit union with 13 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Chelsea Groton Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Chelsea Groton Bank treats applications, then get a rate quote from the lender.