Drew Mortgage Associates at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
73rd5.0% deniedPricingmedian rate spread over APOR, weight 30%
38th0.37 ptsProcesswithdrawn + incomplete share, weight 15%
67th8.0%Closing coststotal loan costs ÷ loan amount, weight 10%
71st1.37% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 249 | 207 | 5.2% | 5.9% | 6.63% | $87M |
| 2024 | 243 | 198 | 5.4% | 6.1% | 6.99% | $86M |
| 2025 | 262 | 228 | 4.6% | 5.0% | 6.88% | $102M |
What Drew Mortgage Associates lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 31 investment properties.
Why Drew Mortgage Associates denies applications
Primary reason reported for each of the 12 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Drew Mortgage Associates
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 49 | 43 | 4.4% |
| $100k – $150k | 65 | 58 | 3.3% |
| $150k – $250k | 86 | 76 | 3.8% |
| Over $250k | 47 | 41 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 78 | 72 | 2.7% |
| 35–44 | 72 | 64 | 5.8% |
| 45–54 | 35 | 31 | 6.1% |
| 55–64 | 43 | 33 | 8.3% |
| 65–74 | 25 | 22 | 0.0% |
Where Drew Mortgage Associates lends
6 states and 28 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 229 | 199 | 4.4% | 6.88% | #145 |
| New Hampshire | 16 | 16 | 0.0% | 6.93% | #216 |
| Florida | 8 | 6 | 12.5% | 7.38% | #977 |
Frequently asked questions
Drew Mortgage Associates denied 5.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 73rd percentile of small mortgage lenders.
The most common reason Drew Mortgage Associates gave in 2025 was "collateral", cited on 25.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Drew Mortgage Associates originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 0.37 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 61% of its applications were for home purchases, 39% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 89% conventional, 8% FHA, 2% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.