Broker Solutions · Massachusetts · 2025

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

Broker Solutions took 2,637 mortgage applications in Massachusetts in 2025, ranking #18 of 799 lenders active in the state. It originated 42.4% of them and denied 10.2% (19.1% of the applications it decided), against a statewide denial rate of 16.2%.

2.6kApplicationsin MA
19.1%Decision denial ratestate 20.0%
6.75%Median ratestate 6.63%
$315,000Median loanstate $325,000
$432MVolume14 counties

Broker Solutions in Massachusetts vs the state

10.2%Denial rate-5.97 pts vs state
19.1%Decision denial rate-0.90 pts vs state
42.4%Origination rate-20.20 pts vs state
6.75%Median rate+0.13 pts vs state
0.51Rate spread (pts)+0.42 pts vs state
$111kMedian applicant income
1,118Loans originated
270Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
202379625611.4%6.88%#51
20242,03985013.1%6.88%#21
20252,6371,11810.2%6.75%#18

What Broker Solutions lends in Massachusetts

By loan purpose

Home purchase 1,006 38% · 4.2% denied
Refinance 313 12% · 7.7% denied
Cash-out refinance 906 34% · 11.4% denied
Home improvement 158 6% · 15.2% denied
Other / HELOC 254 10% · 30.3% denied

By loan type

Conventional 1,629 62% · 8.4% denied
FHA 909 34% · 13.9% denied
VA 99 4% · 7.1% denied

Why it denied Massachusetts applicants

Credit history 153 57%
Collateral 28 10%
Incomplete application 26 10%
Debt-to-income ratio 26 10%
Other 20 7%
Unverifiable information 12 4%
Insufficient cash 4 1%
Employment history 1 0%

Where in Massachusetts

Counties with the most Broker Solutions applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Worcester County 55126745 8.2%
Hampden County 45325140 8.8%
Middlesex County 36313430 8.3%
Essex County 26111826 10.0%
Bristol County 2388435 14.7%
Plymouth County 2286632 14.0%
Norfolk County 1797218 10.1%
Suffolk County 1223915 12.3%
Barnstable County 912112 13.2%
Berkshire County 54238 14.8%

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: 2,637 applications in 2025, of which 1,118 were originated and 270 denied.

10.2% of all applications, or 19.1% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Broker Solutions originated in Massachusetts in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are Broker Solutions'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