Cape Ann Savings Bank · Massachusetts · 2025

Cape Ann Savings Bank in Massachusetts: approval rate, denial rate and rates (2025)

Cape Ann Savings Bank took 154 mortgage applications in Massachusetts in 2025, ranking #196 of 799 lenders active in the state. It originated 81.8% of them and denied 6.5% (6.9% of the applications it decided), against a statewide denial rate of 16.2%.

154Applicationsin MA
6.9%Decision denial ratestate 20.0%
Median ratestate 6.63%
$490,000Median loanstate $325,000
$75MVolume6 counties

Cape Ann Savings Bank in Massachusetts vs the state

6.5%Denial rate-9.72 pts vs state
6.9%Decision denial rate-13.05 pts vs state
81.8%Origination rate+19.22 pts vs state
Median rate
-0.52Rate spread (pts)-0.61 pts vs state
$181kMedian applicant income
126Loans originated
10Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231541265.2%#183
20241201081.7%#206
20251541266.5%#196

What Cape Ann Savings Bank lends in Massachusetts

By loan purpose

Home purchase 95 62% · 5.3% denied
Refinance 48 31% · 10.4% denied
Home improvement 10 6% · 0.0% denied
Other / HELOC 1 1% · 0.0% denied

By loan type

Conventional 154 100% · 6.5% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 4 100%

Where in Massachusetts

Counties with the most Cape Ann Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Essex County 1351139 6.7%
Middlesex County 741 14.3%
Suffolk County 650 0.0%
Bristol County 220 0.0%
Barnstable County 210 0.0%
Norfolk County 210 0.0%

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: 154 applications in 2025, of which 126 were originated and 10 denied.

6.5% of all applications, or 6.9% 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 Cape Ann 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