Bay State Savings Bank · Massachusetts · 2025

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

Bay State Savings Bank took 147 mortgage applications in Massachusetts in 2025, ranking #205 of 799 lenders active in the state. It originated 58.5% of them and denied 15.7% (20.9% of the applications it decided), against a statewide denial rate of 16.2%.

147Applicationsin MA
20.9%Decision denial ratestate 20.0%
Median ratestate 6.63%
$315,000Median loanstate $325,000
$28MVolume9 counties

Bay State Savings Bank in Massachusetts vs the state

15.7%Denial rate-0.56 pts vs state
20.9%Decision denial rate+0.96 pts vs state
58.5%Origination rate-4.10 pts vs state
Median rate
Rate spread (pts)
$132kMedian applicant income
86Loans originated
23Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231449021.5%#189
20241186719.5%#210
20251478615.7%#205

What Bay State Savings Bank lends in Massachusetts

By loan purpose

Home purchase 73 50% · 11.0% denied
Refinance 19 13% · 15.8% denied
Cash-out refinance 23 16% · 26.1% denied
Home improvement 14 10% · 7.1% denied
Other / HELOC 18 12% · 27.8% denied

By loan type

Conventional 147 100% · 15.7% denied

Where in Massachusetts

Counties with the most Bay State Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Worcester County 1197118 15.1%
Middlesex County 1042 20.0%
Barnstable County 651 16.7%
Hampden County 640 0.0%
Norfolk County 210 0.0%
Hampshire County 110 0.0%
Essex County 101 100.0%
Suffolk County 100 0.0%
Bristol County 101 100.0%

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: 147 applications in 2025, of which 86 were originated and 23 denied.

15.7% of all applications, or 20.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Bay State 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