Charles Schwab Bank in Massachusetts vs the state
4.5%Denial rate-11.74 pts vs state
4.5%Decision denial rate-15.48 pts vs state
93.9%Origination rate+31.25 pts vs state
5.50%Median rate-1.13 pts vs state
-0.21Rate spread (pts)-0.30 pts vs state
$416kMedian applicant income
168Loans originated
8Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 67 | 63 | 4.5% | 5.90% | #278 |
| 2024 | 118 | 114 | 2.5% | 5.88% | #209 |
| 2025 | 179 | 168 | 4.5% | 5.50% | #174 |
What Charles Schwab Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Charles Schwab Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 58 | 57 | 0 | 0.0% |
| Barnstable County | 30 | 27 | 3 | 10.0% |
| Norfolk County | 25 | 22 | 3 | 12.0% |
| Suffolk County | 23 | 21 | 1 | 4.3% |
| Essex County | 13 | 13 | 0 | 0.0% |
| Plymouth County | 8 | 8 | 0 | 0.0% |
| Bristol County | 6 | 5 | 0 | 0.0% |
| Nantucket County | 5 | 5 | 0 | 0.0% |
| Dukes County | 4 | 3 | 1 | 25.0% |
| Berkshire County | 4 | 4 | 0 | 0.0% |
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 179 applications in 2025, of which 168 were originated and 8 denied.
4.5% of all applications, or 4.5% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Charles Schwab Bank originated in Massachusetts in 2025 was 5.50%, against a statewide median of 6.63%.
About this data. Figures are Charles Schwab 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