Greater Springfield 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%
45th11.0% deniedPricingmedian rate spread over APOR, weight 30%
48th0.28 ptsProcesswithdrawn + incomplete share, weight 15%
43rd13.2%Closing coststotal loan costs ÷ loan amount, weight 10%
94th0.51% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 181 | 108 | 12.7% | 16.1% | 6.75% | $8.9M |
| 2024 | 163 | 110 | 11.0% | 13.9% | 6.75% | $15M |
| 2025 | 136 | 103 | 9.6% | 11.0% | 6.50% | $16M |
What Greater Springfield 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, 2 investment properties.
Why Greater Springfield denies applications
Primary reason reported for each of the 13 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Greater Springfield
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 51 | 41 | 8.9% |
| $100k – $150k | 39 | 33 | 5.6% |
| $150k – $250k | 25 | 19 | 9.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 24 | 7.4% |
| 35–44 | 29 | 22 | 8.3% |
| 45–54 | 28 | 25 | 10.7% |
| 55–64 | 27 | 19 | 17.4% |
Where Greater Springfield lends
3 states and 7 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 131 | 99 | 9.9% | 6.50% | #220 |
Frequently asked questions
Greater Springfield denied 11.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 45th percentile of small mortgage lenders.
The most common reason Greater Springfield gave in 2025 was "debt-to-income ratio", cited on 46.2% 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 Greater Springfield originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.28 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 26% of its applications were for home purchases, 74% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% 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.