First Home Mortgage · Massachusetts · 2025

First Home Mortgage in Massachusetts: approval rate, denial rate and rates (2025)

First Home Mortgage took 199 mortgage applications in Massachusetts in 2025, ranking #163 of 799 lenders active in the state. It originated 77.9% of them and denied 4.5% (5.5% of the applications it decided), against a statewide denial rate of 16.2%.

199Applicationsin MA
5.5%Decision denial ratestate 20.0%
6.63%Median ratestate 6.63%
$435,000Median loanstate $325,000
$68MVolume10 counties

First Home Mortgage in Massachusetts vs the state

4.5%Denial rate-11.69 pts vs state
5.5%Decision denial rate-14.50 pts vs state
77.9%Origination rate+15.29 pts vs state
6.63%Median rate0.00 pts vs state
0.44Rate spread (pts)+0.34 pts vs state
$122kMedian applicant income
155Loans originated
9Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232271763.1%6.63%#144
20242572064.3%6.50%#128
20251991554.5%6.63%#163

What First Home Mortgage lends in Massachusetts

By loan purpose

Home purchase 175 88% · 4.0% denied
Refinance 10 5% · 10.0% denied
Cash-out refinance 13 7% · 7.7% denied
Home improvement 1 1% · 0.0% denied

By loan type

Conventional 151 76% · 4.6% denied
FHA 45 23% · 4.4% denied
VA 3 2% · 0.0% denied

Why it denied Massachusetts applicants

Collateral 3 33%
Debt-to-income ratio 3 33%
Other 2 22%
Unverifiable information 1 11%

Where in Massachusetts

Counties with the most First Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bristol County 61493 4.9%
Plymouth County 56482 3.6%
Norfolk County 31212 6.5%
Worcester County 1390 0.0%
Barnstable County 1080 0.0%
Suffolk County 941 11.1%
Middlesex County 760 0.0%
Hampden County 641 16.7%
Essex County 550 0.0%
Franklin 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: 199 applications in 2025, of which 155 were originated and 9 denied.

4.5% of all applications, or 5.5% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans First Home Mortgage originated in Massachusetts in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are First Home Mortgage'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