Msa Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
43rd11.4% deniedPricingmedian rate spread over APOR, weight 30%
68th0.13 ptsProcesswithdrawn + incomplete share, weight 15%
24th18.2%Closing coststotal loan costs ÷ loan amount, weight 10%
85th0.98% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 683 | 516 | 7.3% | 8.8% | 6.63% | $241M |
| 2024 | 888 | 678 | 6.6% | 8.0% | 6.50% | $354M |
| 2025 | 655 | 474 | 9.3% | 11.4% | 6.38% | $255M |
What Msa Mortgage 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: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 114 investment properties.
Why Msa Mortgage denies applications
Primary reason reported for each of the 61 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Msa Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 140 | 100 | 16.7% |
| $100k – $150k | 212 | 152 | 12.1% |
| $150k – $250k | 206 | 150 | 9.6% |
| Over $250k | 76 | 63 | 4.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 20 | 16 | 0.0% |
| 25–34 | 164 | 122 | 12.2% |
| 35–44 | 227 | 171 | 9.0% |
| 45–54 | 155 | 107 | 12.3% |
| 55–64 | 66 | 44 | 17.0% |
| 65–74 | 20 | 12 | 20.0% |
Where Msa Mortgage lends
10 states and 41 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 550 | 394 | 10.6% | 6.38% | #77 |
| Florida | 45 | 35 | 2.2% | 6.25% | #620 |
| Vermont | 39 | 33 | 5.1% | 6.75% | #63 |
| New Hampshire | 5 | 4 | 0.0% | 6.44% | #324 |
| Rhode Island | 5 | 3 | 0.0% | 6.63% | #239 |
Frequently asked questions
Msa Mortgage denied 11.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 43rd percentile of small mortgage lenders.
The most common reason Msa Mortgage gave in 2025 was "debt-to-income ratio", cited on 70.5% 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 Msa Mortgage originated in 2025 was 6.38%, and its median rate spread over the average prime offer rate was 0.13 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 79% of its applications were for home purchases, 21% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 75% conventional, 20% FHA, 5% 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.