Bay Equity in Massachusetts vs the state
4.4%Denial rate-11.77 pts vs state
6.2%Decision denial rate-13.80 pts vs state
67.2%Origination rate+4.62 pts vs state
6.63%Median rate0.00 pts vs state
0.14Rate spread (pts)+0.04 pts vs state
$155kMedian applicant income
121Loans originated
8Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 244 | 163 | 4.9% | 6.75% | #133 |
| 2024 | 335 | 249 | 4.5% | 6.63% | #105 |
| 2025 | 180 | 121 | 4.4% | 6.63% | #173 |
What Bay Equity lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 51 | 30 | 2 | 3.9% |
| Worcester County | 51 | 38 | 3 | 5.9% |
| Norfolk County | 23 | 18 | 1 | 4.3% |
| Plymouth County | 13 | 10 | 0 | 0.0% |
| Bristol County | 13 | 7 | 1 | 7.7% |
| Essex County | 11 | 8 | 0 | 0.0% |
| Suffolk County | 8 | 6 | 0 | 0.0% |
| Hampshire County | 3 | 2 | 0 | 0.0% |
| Barnstable County | 3 | 1 | 0 | 0.0% |
| Franklin County | 2 | 1 | 0 | 0.0% |
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% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| 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% |
Frequently asked questions
Massachusetts: 180 applications in 2025, of which 121 were originated and 8 denied.
4.4% of all applications, or 6.2% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Bay Equity originated in Massachusetts in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Bay Equity'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