Bangor Savings Bank · Massachusetts · 2025

Bangor Savings Bank in Massachusetts: approval rate, denial rate and rates (2025)

Bangor Savings Bank took 273 mortgage applications in Massachusetts in 2025, ranking #128 of 799 lenders active in the state. It originated 66.3% of them and denied 16.5% (19.8% of the applications it decided), against a statewide denial rate of 16.2%.

273Applicationsin MA
19.8%Decision denial ratestate 20.0%
7.00%Median ratestate 6.63%
$425,000Median loanstate $325,000
$95MVolume12 counties

Bangor Savings Bank in Massachusetts vs the state

16.5%Denial rate+0.27 pts vs state
19.8%Decision denial rate-0.13 pts vs state
66.3%Origination rate+3.70 pts vs state
7.00%Median rate+0.38 pts vs state
0.09Rate spread (pts)0.00 pts vs state
$182kMedian applicant income
181Loans originated
45Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
202318111614.9%6.75%#163
202416010420.6%7.50%#173
202527318116.5%7.00%#128

What Bangor Savings Bank lends in Massachusetts

By loan purpose

Home purchase 161 59% · 8.1% denied
Refinance 38 14% · 7.9% denied
Cash-out refinance 12 4% · 25.0% denied
Home improvement 30 11% · 60.0% denied
Other / HELOC 32 12% · 25.0% denied

By loan type

Conventional 258 95% · 15.5% denied
FHA 11 4% · 45.5% denied
VA 4 1% · 0.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 23 51%
Credit history 8 18%
Other 7 16%
Collateral 4 9%
Employment history 1 2%
Unverifiable information 1 2%
Incomplete application 1 2%

Where in Massachusetts

Counties with the most Bangor Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Essex County 1096819 17.4%
Middlesex County 835812 14.5%
Worcester County 1795 29.4%
Norfolk County 17132 11.8%
Plymouth County 1364 30.8%
Bristol County 980 0.0%
Suffolk County 981 11.1%
Barnstable County 531 20.0%
Hampden County 431 25.0%
Nantucket County 330 0.0%

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: 273 applications in 2025, of which 181 were originated and 45 denied.

16.5% of all applications, or 19.8% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Bangor Savings Bank originated in Massachusetts in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are Bangor Savings Bank'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