Merrimack Valley at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C 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%
42nd11.8% deniedPricingmedian rate spread over APOR, weight 30%
56th0.22 ptsProcesswithdrawn + incomplete share, weight 15%
48th12.1%Closing coststotal loan costs ÷ loan amount, weight 10%
34th2.34% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 949 | 682 | 12.2% | 14.4% | 6.88% | $141M |
| 2024 | 1,001 | 745 | 10.5% | 12.1% | 7.75% | $208M |
| 2025 | 877 | 646 | 10.4% | 11.8% | 7.38% | $164M |
What Merrimack Valley 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: 359 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 46 investment properties.
Why Merrimack Valley denies applications
Primary reason reported for each of the 91 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Merrimack Valley
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 20 | 6 | 62.5% |
| $50k – $100k | 210 | 129 | 24.2% |
| $100k – $150k | 269 | 209 | 7.1% |
| $150k – $250k | 238 | 189 | 6.3% |
| Over $250k | 119 | 99 | 2.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 89 | 71 | 8.9% |
| 35–44 | 214 | 167 | 9.8% |
| 45–54 | 205 | 158 | 11.3% |
| 55–64 | 213 | 154 | 10.9% |
| 65–74 | 105 | 67 | 19.3% |
| Over 74 | 33 | 18 | 15.4% |
Where Merrimack Valley lends
5 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 675 | 495 | 11.0% | 7.50% | #68 |
| New Hampshire | 187 | 140 | 9.1% | 7.25% | #59 |
| Maine | 8 | 6 | 0.0% | 5.99% | #237 |
Frequently asked questions
Merrimack Valley denied 11.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 42nd percentile of small mortgage lenders.
The most common reason Merrimack Valley gave in 2025 was "debt-to-income ratio", cited on 52.7% 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 Merrimack Valley originated in 2025 was 7.38%, and its median rate spread over the average prime offer rate was 0.22 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 23% of its applications were for home purchases, 30% for refinancing (including cash-out), and 47% 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.