Bay State Savings Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
18th21.2% deniedProcesswithdrawn + incomplete share, weight 15%
11th24.4%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 150 | 92 | 22.7% | 25.8% | — | $33M |
| 2024 | 119 | 67 | 19.3% | 25.6% | — | $18M |
| 2025 | 156 | 92 | 16.0% | 21.2% | — | $30M |
What Bay State Savings Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 19 investment properties.
Who gets approved at Bay State Savings Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 37 | 23 | 17.9% |
| $100k – $150k | 40 | 27 | 18.2% |
| $150k – $250k | 26 | 17 | 19.1% |
| Over $250k | 34 | 18 | 18.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 36 | 27 | 12.9% |
| 35–44 | 33 | 20 | 23.1% |
| 45–54 | 28 | 15 | 21.1% |
| 55–64 | 28 | 17 | 19.1% |
Where Bay State Savings Bank lends
5 states and 16 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 147 | 86 | 15.7% | — | #205 |
Frequently asked questions
Bay State Savings Bank denied 21.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 18th percentile of small mortgage lenders.
In 2025, 53% of its applications were for home purchases, 27% for refinancing (including cash-out), and 21% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.