First-Citizens Bank & Trust · Massachusetts · 2025

First-Citizens Bank & Trust in Massachusetts: approval rate, denial rate and rates (2025)

First-Citizens Bank & Trust took 282 mortgage applications in Massachusetts in 2025, ranking #122 of 799 lenders active in the state. It originated 69.9% of them and denied 9.6% (11.9% of the applications it decided), against a statewide denial rate of 16.2%.

282Applicationsin MA
11.9%Decision denial ratestate 20.0%
5.75%Median ratestate 6.63%
$365,000Median loanstate $325,000
$135MVolume13 counties

First-Citizens Bank & Trust in Massachusetts vs the state

9.6%Denial rate-6.64 pts vs state
11.9%Decision denial rate-8.06 pts vs state
69.9%Origination rate+7.26 pts vs state
5.75%Median rate-0.88 pts vs state
-0.18Rate spread (pts)-0.27 pts vs state
$121kMedian applicant income
197Loans originated
27Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232281606.6%5.44%#143
20241701237.1%6.00%#164
20252821979.6%5.75%#122

What First-Citizens Bank & Trust lends in Massachusetts

By loan purpose

Home purchase 246 87% · 9.8% denied
Refinance 21 7% · 14.3% denied
Cash-out refinance 1 0% · 0.0% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 13 5% · 0.0% denied

By loan type

Conventional 278 99% · 9.0% denied
FHA 3 1% · 66.7% denied
VA 1 0% · 0.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 7 26%
Other 6 22%
Insufficient cash 5 19%
Collateral 4 15%
Credit history 3 11%
Unverifiable information 2 7%

Where in Massachusetts

Counties with the most First-Citizens Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Suffolk County 14310812 8.4%
Middlesex County 71476 8.5%
Norfolk County 27231 3.7%
Essex County 1445 35.7%
Plymouth County 750 0.0%
Worcester County 530 0.0%
Barnstable County 541 20.0%
Nantucket County 522 40.0%
Hampden County 100 0.0%
Berkshire County 110 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: 282 applications in 2025, of which 197 were originated and 27 denied.

9.6% of all applications, or 11.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans First-Citizens Bank & Trust originated in Massachusetts in 2025 was 5.75%, against a statewide median of 6.63%.

About this data. Figures are First-Citizens Bank & Trust'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