Lower in Massachusetts vs the state
19.1%Denial rate+2.85 pts vs state
33.3%Decision denial rate+13.38 pts vs state
37.1%Origination rate-25.55 pts vs state
6.50%Median rate-0.13 pts vs state
0.52Rate spread (pts)+0.43 pts vs state
$126kMedian applicant income
103Loans originated
53Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 77 | 35 | 19.5% | 7.13% | #263 |
| 2024 | 199 | 83 | 16.6% | 6.75% | #152 |
| 2025 | 278 | 103 | 19.1% | 6.50% | #126 |
What Lower lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Worcester County | 47 | 18 | 9 | 19.1% |
| Middlesex County | 41 | 19 | 5 | 12.2% |
| Bristol County | 38 | 11 | 11 | 28.9% |
| Essex County | 31 | 9 | 6 | 19.4% |
| Plymouth County | 29 | 12 | 2 | 6.9% |
| Hampden County | 28 | 7 | 8 | 28.6% |
| Norfolk County | 20 | 10 | 5 | 25.0% |
| Suffolk County | 18 | 8 | 3 | 16.7% |
| Barnstable County | 14 | 6 | 1 | 7.1% |
| Berkshire County | 5 | 2 | 1 | 20.0% |
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: 278 applications in 2025, of which 103 were originated and 53 denied.
19.1% of all applications, or 33.3% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Lower originated in Massachusetts in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Lower'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