First Federal Bank · Massachusetts · 2025

First Federal Bank in Massachusetts: approval rate, denial rate and rates (2025)

First Federal Bank took 142 mortgage applications in Massachusetts in 2025, ranking #208 of 799 lenders active in the state. It originated 48.6% of them and denied 9.2% (15.9% of the applications it decided), against a statewide denial rate of 16.2%.

142Applicationsin MA
15.9%Decision denial ratestate 20.0%
5.99%Median ratestate 6.63%
$565,000Median loanstate $325,000
$40MVolume12 counties

First Federal Bank in Massachusetts vs the state

9.2%Denial rate-7.06 pts vs state
15.9%Decision denial rate-4.10 pts vs state
48.6%Origination rate-14.01 pts vs state
5.99%Median rate-0.63 pts vs state
-0.33Rate spread (pts)-0.42 pts vs state
$184kMedian applicant income
69Loans originated
13Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023402115.0%6.63%#330
202476379.2%6.13%#271
2025142699.2%5.99%#208

What First Federal Bank lends in Massachusetts

By loan purpose

Home purchase 100 70% · 5.0% denied
Refinance 25 18% · 16.0% denied
Cash-out refinance 14 10% · 28.6% denied
Home improvement 2 1% · 0.0% denied
Other / HELOC 1 1% · 0.0% denied

By loan type

Conventional 112 79% · 7.1% denied
FHA 9 6% · 11.1% denied
VA 21 15% · 19.1% denied

Why it denied Massachusetts applicants

Incomplete application 6 46%
Credit history 4 31%
Debt-to-income ratio 3 23%

Where in Massachusetts

Counties with the most First Federal Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 44204 9.1%
Worcester County 25141 4.0%
Essex County 1671 6.3%
Norfolk County 1571 6.7%
Plymouth County 1051 10.0%
Bristol County 732 28.6%
Hampshire County 730 0.0%
Suffolk County 641 16.7%
Hampden County 632 33.3%
Barnstable County 420 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: 142 applications in 2025, of which 69 were originated and 13 denied.

9.2% of all applications, or 15.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans First Federal Bank originated in Massachusetts in 2025 was 5.99%, against a statewide median of 6.63%.

About this data. Figures are First Federal 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