Merrimack Valley in Massachusetts vs the state
11.0%Denial rate-5.25 pts vs state
12.4%Decision denial rate-7.51 pts vs state
73.3%Origination rate+10.73 pts vs state
7.50%Median rate+0.88 pts vs state
0.24Rate spread (pts)+0.15 pts vs state
$133kMedian applicant income
495Loans originated
74Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 748 | 524 | 13.6% | 6.88% | #54 |
| 2024 | 801 | 582 | 10.9% | 7.75% | #54 |
| 2025 | 675 | 495 | 11.0% | 7.50% | #68 |
What Merrimack Valley lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Merrimack Valley applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 313 | 224 | 34 | 10.9% |
| Middlesex County | 126 | 97 | 11 | 8.7% |
| Plymouth County | 88 | 67 | 11 | 12.5% |
| Worcester County | 38 | 31 | 3 | 7.9% |
| Bristol County | 37 | 27 | 4 | 10.8% |
| Norfolk County | 32 | 22 | 1 | 3.1% |
| Suffolk County | 27 | 16 | 7 | 25.9% |
| Barnstable County | 7 | 4 | 3 | 42.9% |
| Franklin County | 3 | 3 | 0 | 0.0% |
| Hampden County | 3 | 3 | 0 | 0.0% |
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: 675 applications in 2025, of which 495 were originated and 74 denied.
11.0% of all applications, or 12.4% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Merrimack Valley originated in Massachusetts in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Merrimack Valley'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