New Fed Mortgage in Massachusetts vs the state
4.2%Denial rate-12.05 pts vs state
5.0%Decision denial rate-15.00 pts vs state
79.8%Origination rate+17.20 pts vs state
6.63%Median rate0.00 pts vs state
0.26Rate spread (pts)+0.17 pts vs state
$142kMedian applicant income
652Loans originated
34Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 390 | 341 | 3.1% | 6.75% | #100 |
| 2024 | 470 | 402 | 4.7% | 6.88% | #81 |
| 2025 | 817 | 652 | 4.2% | 6.63% | #60 |
What New Fed Mortgage lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most New Fed Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 206 | 169 | 7 | 3.4% |
| Middlesex County | 196 | 157 | 6 | 3.1% |
| Worcester County | 82 | 71 | 2 | 2.4% |
| Suffolk County | 79 | 57 | 9 | 11.4% |
| Norfolk County | 76 | 64 | 3 | 3.9% |
| Plymouth County | 56 | 41 | 1 | 1.8% |
| Hampden County | 49 | 42 | 5 | 10.2% |
| Bristol County | 48 | 34 | 1 | 2.1% |
| Barnstable County | 19 | 14 | 0 | 0.0% |
| Berkshire 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: 817 applications in 2025, of which 652 were originated and 34 denied.
4.2% of all applications, or 5.0% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans New Fed Mortgage originated in Massachusetts in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are New Fed Mortgage'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