Bank of America in Massachusetts vs the state
30.1%Denial rate+13.86 pts vs state
39.3%Decision denial rate+19.34 pts vs state
45.6%Origination rate-16.98 pts vs state
5.99%Median rate-0.63 pts vs state
0.49Rate spread (pts)+0.40 pts vs state
$159kMedian applicant income
3,551Loans originated
2,341Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 8,145 | 3,392 | 43.0% | 6.74% | #2 |
| 2024 | 7,254 | 3,157 | 32.7% | 6.99% | #2 |
| 2025 | 7,784 | 3,551 | 30.1% | 5.99% | #3 |
What Bank of America lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 2,004 | 1,033 | 494 | 24.7% |
| Norfolk County | 1,204 | 569 | 333 | 27.7% |
| Essex County | 867 | 409 | 251 | 29.0% |
| Plymouth County | 736 | 331 | 248 | 33.7% |
| Worcester County | 729 | 329 | 226 | 31.0% |
| Suffolk County | 694 | 261 | 255 | 36.7% |
| Bristol County | 574 | 228 | 208 | 36.2% |
| Barnstable County | 409 | 188 | 108 | 26.4% |
| Hampden County | 334 | 110 | 135 | 40.4% |
| Hampshire County | 82 | 27 | 30 | 36.6% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
| Newrez | D | 3,690 | 21.8% | 6.75% |
Frequently asked questions
Massachusetts: 7,784 applications in 2025, of which 3,551 were originated and 2,341 denied.
30.1% of all applications, or 39.3% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Bank of America originated in Massachusetts in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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