Applications / Mortgage Analytics / Lenders / Connecticut / Norwich Commercial Group
Avon, CT · Independent non-bank lender · CFPB · 1,954 loans in 2025
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1,954
loans originated, 2025
3,191
applications, 2025
36
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Norwich Commercial Group, a non-bank lender in Avon, Connecticut, lends more in poorer neighborhoods than almost any similar lender, even as its loan count fell 35% in 2025.
Of its 1,954 loans, 38.9% were on homes in low- and moderate-income (LMI) neighborhoods, about double the 19.1% at the typical similar lender, meaning independent non-bank lenders making between half and twice as many loans. Only about one peer in fifty had a higher share. In 2020 the figure was 17.3%. LMI borrowers took 34.3% of its loans, against 28.2% for peers.
Its loans fell from 3,028 to 1,954, while the typical similar lender grew 9% and the whole market 10%. Few peers shrank faster. Its shares slipped in Connecticut, from 1.0% to 0.4% in Hartford and from 0.7% to 0.4% in New Haven. Yet in the Kiryas Joel-Poughkeepsie-Newburgh area of New York it ranked 5 of 282, and its share rose from 3.6% to 4.0%. That may point to a shift in where it lends rather than a retreat everywhere.
Its typical loan, $415,000, was larger than at about four in five similar lenders. Loans guaranteed by the Department of Veterans Affairs (VA) made up 9.0%, against 6.3% at the typical peer. Its share insured by the Federal Housing Administration, 16.2%, was below their 22.0%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Norwich Commercial Group took 3,191 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 81.9% · Refinance 18.1%
Conventional 74.7% · FHA 16.2% · VA 9.0% · USDA (RHS or FSA) 0.2% · of 1,954 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 927 | 47.4% |
| Connecticut | 403 | 20.6% |
| New Jersey | 182 | 9.3% |
| Florida | 112 | 5.7% |
| Massachusetts | 68 | 3.5% |
| Illinois | 37 | 1.9% |
| Pennsylvania | 22 | 1.1% |
| California | 19 | 1.0% |
| South Carolina | 19 | 1.0% |
| Maryland | 18 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| New York-Jersey City-White Plains | 455 |
| Kiryas Joel-Poughkeepsie-Newburgh | 336 |
| Hartford-West Hartford-East Hartford | 186 |
| New Haven | 106 |
| Nassau County-Suffolk County | 77 |
| Lakewood-New Brunswick | 76 |
| Newark | 68 |
| Norwich-New London-Willimantic | 54 |
| Worcester | 32 |
| Chicago-Naperville-Schaumburg | 31 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300T5QSL6MC8M4D04 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4437565 | 2013–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7222894356 |
Established 12 April 1989. Reported under HMDA 2011-2025.
Mergers, name changes, data editions and corrections: Norwich Commercial Group's data.
Norwich Commercial Group's data
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Norwich Commercial Group and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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