Florence Bank in Massachusetts vs the state
11.0%Denial rate-5.21 pts vs state
13.1%Decision denial rate-6.86 pts vs state
70.8%Origination rate+8.20 pts vs state
5.99%Median rate-0.63 pts vs state
-0.71Rate spread (pts)-0.80 pts vs state
$114kMedian applicant income
502Loans originated
78Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 857 | 588 | 12.6% | 3.99% | #48 |
| 2024 | 708 | 474 | 14.1% | 5.99% | #60 |
| 2025 | 709 | 502 | 11.0% | 5.99% | #67 |
What Florence Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Florence Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hampshire County | 424 | 297 | 52 | 12.3% |
| Hampden County | 187 | 136 | 13 | 7.0% |
| Franklin County | 80 | 59 | 8 | 10.0% |
| Barnstable County | 4 | 4 | 0 | 0.0% |
| Suffolk County | 3 | 3 | 0 | 0.0% |
| Middlesex County | 3 | 2 | 0 | 0.0% |
| Berkshire County | 3 | 0 | 2 | 66.7% |
| Worcester County | 2 | 1 | 1 | 50.0% |
| Plymouth County | 2 | 0 | 1 | 50.0% |
| Dukes County | 1 | 0 | 1 | 100.0% |
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: 709 applications in 2025, of which 502 were originated and 78 denied.
11.0% of all applications, or 13.1% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Florence Bank originated in Massachusetts in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Florence 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