Havard Federal Credit Union · Massachusetts · 2025

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

Havard Federal Credit Union took 462 mortgage applications in Massachusetts in 2025, ranking #91 of 799 lenders active in the state. It originated 77.3% of them and denied 8.7% (9.9% of the applications it decided), against a statewide denial rate of 16.2%.

462Applicationsin MA
9.9%Decision denial ratestate 20.0%
6.88%Median ratestate 6.63%
$205,000Median loanstate $325,000
$110MVolume11 counties

Havard Federal Credit Union in Massachusetts vs the state

8.7%Denial rate-7.55 pts vs state
9.9%Decision denial rate-10.02 pts vs state
77.3%Origination rate+14.67 pts vs state
6.88%Median rate+0.25 pts vs state
-0.01Rate spread (pts)-0.11 pts vs state
$191kMedian applicant income
357Loans originated
40Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235874557.8%5.99%#70
20245484309.5%6.99%#74
20254623578.7%6.88%#91

What Havard Federal Credit Union lends in Massachusetts

By loan purpose

Home purchase 153 33% · 4.6% denied
Refinance 74 16% · 8.1% denied
Cash-out refinance 33 7% · 30.3% denied
Home improvement 143 31% · 6.3% denied
Other / HELOC 59 13% · 13.6% denied

By loan type

Conventional 461 100% · 8.5% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 16 40%
Other 16 40%
Collateral 5 13%
Credit history 3 8%

Where in Massachusetts

Counties with the most Havard Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 22317912 5.4%
Suffolk County 66526 9.1%
Norfolk County 59454 6.8%
Essex County 47348 17.0%
Plymouth County 26193 11.5%
Worcester County 13111 7.7%
Bristol County 1283 25.0%
Barnstable County 1061 10.0%
Hampden County 211 50.0%
Franklin County 211 50.0%

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: 462 applications in 2025, of which 357 were originated and 40 denied.

8.7% of all applications, or 9.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Havard Federal Credit Union originated in Massachusetts in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Havard Federal 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