bankESB · Massachusetts · 2025

bankESB in Massachusetts: approval rate, denial rate and rates (2025)

bankESB took 1,770 mortgage applications in Massachusetts in 2025, ranking #24 of 799 lenders active in the state. It originated 79.0% of them and denied 7.5% (8.6% of the applications it decided), against a statewide denial rate of 16.2%.

1.8kApplicationsin MA
8.6%Decision denial ratestate 20.0%
6.13%Median ratestate 6.63%
$255,000Median loanstate $325,000
$459MVolume13 counties

bankESB in Massachusetts vs the state

7.5%Denial rate-8.70 pts vs state
8.6%Decision denial rate-11.38 pts vs state
79.0%Origination rate+16.44 pts vs state
6.13%Median rate-0.50 pts vs state
-0.15Rate spread (pts)-0.24 pts vs state
$131kMedian applicant income
1,399Loans originated
133Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,12584611.5%6.00%#34
20241,30599010.1%6.25%#34
20251,7701,3997.5%6.13%#24

What bankESB lends in Massachusetts

By loan purpose

Home purchase 880 50% · 4.7% denied
Refinance 289 16% · 9.0% denied
Cash-out refinance 66 4% · 6.1% denied
Home improvement 349 20% · 11.5% denied
Other / HELOC 186 11% · 11.8% denied

By loan type

Conventional 1,732 98% · 7.5% denied
FHA 33 2% · 9.1% denied
VA 5 0% · 0.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 71 53%
Credit history 28 21%
Collateral 18 14%
Other 12 9%
Insufficient cash 4 3%

Where in Massachusetts

Counties with the most bankESB applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Worcester County 31124233 10.6%
Essex County 28122519 6.8%
Middlesex County 2722368 2.9%
Hampshire County 20815217 8.2%
Hampden County 17613228 15.9%
Norfolk County 17413214 8.0%
Plymouth County 1481264 2.7%
Suffolk County 94754 4.3%
Bristol County 40292 5.0%
Barnstable County 29230 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: 1,770 applications in 2025, of which 1,399 were originated and 133 denied.

7.5% of all applications, or 8.6% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans bankESB originated in Massachusetts in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are bankESB'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