# Chelsea Groton Bank

> **Canonical URL:** https://saferate.com/lenders/chelsea-groton-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Chelsea Groton Bank is a bank, headquartered in Groton, CT, serving borrowers across 2 states, with 250 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 7% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 36% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493000GQWJTTR0TEH83
- **Headquarters:** Groton, CT
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** CT, RI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 93/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 64/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.015%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $322
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 250
- **Dollar Volume:** $102 million
- **Applications Received:** 365
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $406,240
- **Average Borrower Income:** $180,168
- **Average Property Value:** $564,240

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (65%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 63/100 | 239 | -0.016% | $319 | Strong 😀 |
| Jumbo | 41/100 | 11 | +0.041% | $615 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 213 loans, Score: 62/100 (Strong)
- Refinance: 26 loans, Score: 52/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 60/100 | 224 | $95M | -0.028% | Sound ☺️ |
| Refinance | 51/100 | 26 | $7M | +0.078% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CT | 238 | 0.69% | 81/100 |
| RI | 12 | 0.11% | 46/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Hartford | CT | 113 | 78/100 |
| Norwich | CT | 103 | 96/100 |
| Providence | RI-MA | 12 | 45/100 |

## Where This Lender Ranks

Chelsea Groton Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Norwich Banks
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders/banks)
- 🥇 **#1** in Norwich for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Connecticut
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders)
- 🥈 **#2** in Connecticut Banks
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/banks)
- 🥈 **#2** in Hartford
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders)
- 🥈 **#2** in Hartford Banks
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks)
- 🥈 **#2** in Norwich
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders)
- 🥈 **#2** in Norwich for Conventional Loans
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in Hartford for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Connecticut for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Hartford for Conventional Loans
  - [View Full Rankings](https://saferate.com/hartford/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Connecticut for Conventional Loans
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/conventional-loans)
- 🏆 **#11** in Connecticut for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#16** in Connecticut for Jumbo Loans
  - [View Full Rankings](https://saferate.com/connecticut/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does Chelsea Groton Bank offer?

Chelsea Groton Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Chelsea Groton Bank offer mortgages?

Chelsea Groton Bank offers mortgages in 2 states: CT, RI.

### How competitive are Chelsea Groton Bank's mortgage rates?

Chelsea Groton Bank has a pricing score of 93/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.015% below market average.

### What type of lender is Chelsea Groton Bank?

Chelsea Groton Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Groton, CT.

### What is Chelsea Groton Bank's loan approval success rate?

Chelsea Groton Bank has a pull-through score of 64/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/chelsea-groton-bank

### How to Cite

> "Chelsea Groton Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/chelsea-groton-bank

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