Needham Bank in Massachusetts vs the state
16.0%Denial rate-0.20 pts vs state
19.3%Decision denial rate-0.64 pts vs state
66.0%Origination rate+3.35 pts vs state
7.00%Median rate+0.38 pts vs state
-0.24Rate spread (pts)-0.33 pts vs state
$237kMedian applicant income
552Loans originated
134Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 657 | 432 | 13.9% | 7.13% | #62 |
| 2024 | 706 | 456 | 13.3% | 7.50% | #61 |
| 2025 | 837 | 552 | 16.0% | 7.00% | #57 |
What Needham Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Needham Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Norfolk County | 381 | 273 | 52 | 13.6% |
| Middlesex County | 234 | 146 | 37 | 15.8% |
| Suffolk County | 89 | 49 | 20 | 22.5% |
| Essex County | 43 | 27 | 11 | 25.6% |
| Plymouth County | 27 | 14 | 6 | 22.2% |
| Barnstable County | 22 | 15 | 3 | 13.6% |
| Worcester County | 19 | 12 | 2 | 10.5% |
| Bristol County | 16 | 12 | 3 | 18.8% |
| Dukes County | 3 | 2 | 0 | 0.0% |
| Nantucket County | 2 | 2 | 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: 837 applications in 2025, of which 552 were originated and 134 denied.
16.0% of all applications, or 19.3% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Needham Bank originated in Massachusetts in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are Needham Bank'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