NexBank in Massachusetts vs the state
12.1%Denial rate-4.09 pts vs state
14.0%Decision denial rate-5.91 pts vs state
71.2%Origination rate+8.61 pts vs state
6.63%Median rate0.00 pts vs state
0.25Rate spread (pts)+0.15 pts vs state
$140kMedian applicant income
47Loans originated
8Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 19 | 15 | 5.3% | 7.63% | #393 |
| 2024 | 56 | 40 | 10.7% | 6.56% | #306 |
| 2025 | 66 | 47 | 12.1% | 6.63% | #290 |
What NexBank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most NexBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 24 | 19 | 1 | 4.2% |
| Worcester County | 17 | 12 | 1 | 5.9% |
| Essex County | 7 | 5 | 2 | 28.6% |
| Norfolk County | 6 | 4 | 0 | 0.0% |
| Plymouth County | 4 | 3 | 0 | 0.0% |
| Barnstable County | 3 | 1 | 2 | 66.7% |
| Suffolk County | 2 | 1 | 1 | 50.0% |
| Berkshire County | 1 | 1 | 0 | 0.0% |
| Dukes County | 1 | 0 | 1 | 100.0% |
| Bristol County | 1 | 1 | 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: 66 applications in 2025, of which 47 were originated and 8 denied.
12.1% of all applications, or 14.0% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans NexBank originated in Massachusetts in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are NexBank'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