Greenwood Credit Union · Massachusetts · 2025

Greenwood Credit Union in Massachusetts: approval rate, denial rate and rates (2025)

Greenwood Credit Union took 49 mortgage applications in Massachusetts in 2025, ranking #327 of 799 lenders active in the state. It originated 49.0% of them and denied 36.7% (41.9% of the applications it decided), against a statewide denial rate of 16.2%.

49Applicationsin MA
41.9%Decision denial ratestate 20.0%
7.87%Median ratestate 6.63%
$125,000Median loanstate $325,000
$4.1MVolume11 counties

Greenwood Credit Union in Massachusetts vs the state

36.7%Denial rate+20.52 pts vs state
41.9%Decision denial rate+21.91 pts vs state
49.0%Origination rate-13.62 pts vs state
7.87%Median rate+1.24 pts vs state
-0.19Rate spread (pts)-0.28 pts vs state
$142kMedian applicant income
24Loans originated
18Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023924437.0%8.00%#238
2024532232.1%8.43%#310
2025492436.7%7.87%#327

What Greenwood Credit Union lends in Massachusetts

By loan purpose

Home purchase 8 16% · 12.5% denied
Refinance 2 4% · 100.0% denied
Cash-out refinance 19 39% · 36.8% denied
Home improvement 18 37% · 44.4% denied
Other / HELOC 2 4% · 0.0% denied

By loan type

Conventional 49 100% · 36.7% denied

Why it denied Massachusetts applicants

Credit history 6 33%
Debt-to-income ratio 5 28%
Incomplete application 4 22%
Collateral 2 11%
Unverifiable information 1 6%

Where in Massachusetts

Counties with the most Greenwood Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bristol County 1684 25.0%
Norfolk County 843 37.5%
Plymouth County 522 40.0%
Worcester County 422 50.0%
Essex County 413 75.0%
Hampden County 431 25.0%
Berkshire County 220 0.0%
Barnstable County 211 50.0%
Suffolk County 201 50.0%
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: 49 applications in 2025, of which 24 were originated and 18 denied.

36.7% of all applications, or 41.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Greenwood Credit Union originated in Massachusetts in 2025 was 7.87%, against a statewide median of 6.63%.

About this data. Figures are Greenwood Credit Union'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