NFM in Massachusetts vs the state
1.4%Denial rate-14.86 pts vs state
1.6%Decision denial rate-18.37 pts vs state
83.5%Origination rate+20.90 pts vs state
6.63%Median rate0.00 pts vs state
0.37Rate spread (pts)+0.27 pts vs state
$149kMedian applicant income
248Loans originated
4Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 230 | 183 | 1.3% | 6.99% | #141 |
| 2024 | 273 | 226 | 1.1% | 6.99% | #120 |
| 2025 | 297 | 248 | 1.4% | 6.63% | #119 |
What NFM lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bristol County | 62 | 50 | 3 | 4.8% |
| Middlesex County | 47 | 41 | 0 | 0.0% |
| Suffolk County | 42 | 36 | 0 | 0.0% |
| Worcester County | 40 | 33 | 0 | 0.0% |
| Norfolk County | 38 | 33 | 0 | 0.0% |
| Plymouth County | 36 | 30 | 1 | 2.8% |
| Essex County | 20 | 17 | 0 | 0.0% |
| Barnstable County | 8 | 5 | 0 | 0.0% |
| Hampden County | 3 | 3 | 0 | 0.0% |
| Berkshire County | 1 | 0 | 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: 297 applications in 2025, of which 248 were originated and 4 denied.
1.4% of all applications, or 1.6% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans NFM originated in Massachusetts in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are NFM'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