Middlesex Savings Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
92nd10.3% deniedPricingmedian rate spread over APOR, weight 30%
74th-0.30 ptsProcesswithdrawn + incomplete share, weight 15%
73rd8.4%Closing coststotal loan costs ÷ loan amount, weight 10%
87th1.39% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 884 | 696 | 11.0% | 11.9% | 6.69% | $180M |
| 2024 | 784 | 643 | 11.0% | 11.7% | 8.00% | $175M |
| 2025 | 1,455 | 1,177 | 9.4% | 10.3% | 6.63% | $457M |
What Middlesex Savings Bank 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: 741 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 96 investment properties.
Why Middlesex Savings Bank denies applications
Primary reason reported for each of the 137 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Middlesex Savings Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 36 | 28 | 9.1% |
| $50k – $100k | 194 | 149 | 15.3% |
| $100k – $150k | 253 | 190 | 16.5% |
| $150k – $250k | 464 | 373 | 9.1% |
| Over $250k | 457 | 391 | 6.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 196 | 155 | 9.8% |
| 35–44 | 341 | 272 | 10.6% |
| 45–54 | 322 | 259 | 11.7% |
| 55–64 | 313 | 258 | 9.0% |
| 65–74 | 179 | 142 | 12.7% |
| Over 74 | 77 | 65 | 7.0% |
Where Middlesex Savings Bank lends
3 states and 14 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 1,450 | 1,173 | 9.5% | 6.63% | #31 |
Frequently asked questions
Middlesex Savings Bank denied 10.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 92nd percentile of home-equity (HELOC) lenders.
The most common reason Middlesex Savings Bank gave in 2025 was "debt-to-income ratio", cited on 51.8% 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 Middlesex Savings Bank originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was -0.30 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 30% of its applications were for home purchases, 26% for refinancing (including cash-out), and 44% 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.