American Financial Network · Massachusetts · 2025

American Financial Network in Massachusetts: approval rate, denial rate and rates (2025)

American Financial Network took 233 mortgage applications in Massachusetts in 2025, ranking #142 of 799 lenders active in the state. It originated 59.2% of them and denied 13.7% (18.6% of the applications it decided), against a statewide denial rate of 16.2%.

233Applicationsin MA
18.6%Decision denial ratestate 20.0%
6.69%Median ratestate 6.63%
$425,000Median loanstate $325,000
$64MVolume12 counties

American Financial Network in Massachusetts vs the state

13.7%Denial rate-2.48 pts vs state
18.6%Decision denial rate-1.35 pts vs state
59.2%Origination rate-3.37 pts vs state
6.69%Median rate+0.06 pts vs state
0.45Rate spread (pts)+0.36 pts vs state
$133kMedian applicant income
138Loans originated
32Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023157879.6%6.88%#180
20242641736.8%6.63%#124
202523313813.7%6.69%#142

What American Financial Network lends in Massachusetts

By loan purpose

Home purchase 115 49% · 12.2% denied
Refinance 20 9% · 25.0% denied
Cash-out refinance 98 42% · 13.3% denied

By loan type

Conventional 130 56% · 16.9% denied
FHA 83 36% · 12.1% denied
VA 20 9% · 0.0% denied

Why it denied Massachusetts applicants

Other 15 47%
Debt-to-income ratio 10 31%
Collateral 3 9%
Unverifiable information 2 6%
Incomplete application 2 6%

Where in Massachusetts

Counties with the most American Financial Network applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bristol County 663714 21.2%
Essex County 32203 9.4%
Middlesex County 29144 13.8%
Hampden County 25162 8.0%
Worcester County 20150 0.0%
Suffolk County 1792 11.8%
Plymouth County 15100 0.0%
Norfolk County 1181 9.1%
Barnstable County 1163 27.3%
Franklin County 312 66.7%

Other large lenders in Massachusetts

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 17,47629.0%7.40%
Rocket MortgageC 8,69815.9%6.75%
Bank of AmericaF 7,78430.1%5.99%
Guaranteed RateB 7,3134.5%6.50%
Eastern BankB 6,21631.8%6.99%
Rockland TrustC 5,99028.6%6.99%
Leader BankA 5,9131.8%6.25%
United Shore Financial ServicesB 5,89812.8%6.50%
Crosscountry MortgageB 5,6343.8%6.63%
TD BankD 3,77826.9%7.44%

Frequently asked questions

Massachusetts: 233 applications in 2025, of which 138 were originated and 32 denied.

13.7% of all applications, or 18.6% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans American Financial Network originated in Massachusetts in 2025 was 6.69%, against a statewide median of 6.63%.

About this data. Figures are American Financial Network's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology