Commercial Lender in Massachusetts vs the state
63.1%Denial rate+46.90 pts vs state
66.4%Decision denial rate+46.43 pts vs state
32.0%Origination rate-30.63 pts vs state
10.39%Median rate+3.77 pts vs state
—Rate spread (pts)
—Median applicant income
39Loans originated
77Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 72 | 23 | 18.1% | 11.99% | #266 |
| 2024 | 126 | 62 | 25.4% | 11.17% | #202 |
| 2025 | 122 | 39 | 63.1% | 10.39% | #227 |
What Commercial Lender lends in Massachusetts
By loan purpose
By loan type
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: 122 applications in 2025, of which 39 were originated and 77 denied.
63.1% of all applications, or 66.4% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Commercial Lender originated in Massachusetts in 2025 was 10.39%, against a statewide median of 6.63%.
About this data. Figures are Commercial Lender'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