Berkshire Bank · Massachusetts · 2025

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

Berkshire Bank took 801 mortgage applications in Massachusetts in 2025, ranking #61 of 799 lenders active in the state. It originated 66.2% of them and denied 18.4% (21.3% of the applications it decided), against a statewide denial rate of 16.2%.

801Applicationsin MA
21.3%Decision denial ratestate 20.0%
5.50%Median ratestate 6.63%
$305,000Median loanstate $325,000
$406MVolume13 counties

Berkshire Bank in Massachusetts vs the state

18.4%Denial rate+2.14 pts vs state
21.3%Decision denial rate+1.32 pts vs state
66.2%Origination rate+3.57 pts vs state
5.50%Median rate-1.13 pts vs state
-1.41Rate spread (pts)-1.50 pts vs state
$183kMedian applicant income
530Loans originated
147Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,4461,00114.7%5.75%#23
20241,42397316.9%6.13%#30
202580153018.4%5.50%#61

What Berkshire Bank lends in Massachusetts

By loan purpose

Home purchase 333 42% · 6.0% denied
Refinance 177 22% · 25.4% denied
Cash-out refinance 17 2% · 17.7% denied
Home improvement 173 22% · 24.3% denied
Other / HELOC 101 13% · 36.6% denied

By loan type

Conventional 786 98% · 18.1% denied
FHA 10 1% · 50.0% denied
VA 5 1% · 0.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 73 50%
Credit history 48 33%
Collateral 16 11%
Other 9 6%
Unverifiable information 1 1%

Where in Massachusetts

Counties with the most Berkshire Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 20115717 8.5%
Berkshire County 1145636 31.6%
Hampden County 1126428 25.0%
Suffolk County 967014 14.6%
Worcester County 845117 20.2%
Norfolk County 70508 11.4%
Essex County 664811 16.7%
Plymouth County 24155 20.8%
Hampshire County 1383 23.1%
Barnstable County 1063 30.0%

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: 801 applications in 2025, of which 530 were originated and 147 denied.

18.4% of all applications, or 21.3% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Berkshire Bank originated in Massachusetts in 2025 was 5.50%, against a statewide median of 6.63%.

About this data. Figures are Berkshire 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