North American Savings Bank · Massachusetts · 2025

North American Savings Bank in Massachusetts: approval rate, denial rate and rates (2025)

North American Savings Bank took 19 mortgage applications in Massachusetts in 2025, ranking #419 of 799 lenders active in the state. It originated 47.4% of them and denied 15.8% (25.0% of the applications it decided), against a statewide denial rate of 16.2%.

19Applicationsin MA
25.0%Decision denial ratestate 20.0%
7.50%Median ratestate 6.63%
$455,000Median loanstate $325,000
$4.0MVolume9 counties

North American Savings Bank in Massachusetts vs the state

15.8%Denial rate-0.42 pts vs state
25.0%Decision denial rate+5.05 pts vs state
47.4%Origination rate-15.23 pts vs state
7.50%Median rate+0.88 pts vs state
1.52Rate spread (pts)+1.43 pts vs state
$146kMedian applicant income
9Loans originated
3Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023291620.7%6.69%#361
2024231313.0%7.00%#389
202519915.8%7.50%#419

What North American Savings Bank lends in Massachusetts

By loan purpose

Home purchase 14 74% · 14.3% denied
Cash-out refinance 4 21% · 25.0% denied
Other / HELOC 1 5% · 0.0% denied

By loan type

Conventional 16 84% · 12.5% denied
FHA 1 5% · 100.0% denied
VA 2 11% · 0.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 1 33%
Other 1 33%
Incomplete application 1 33%

Where in Massachusetts

Counties with the most North American Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Norfolk County 411 25.0%
Middlesex County 320 0.0%
Bristol County 320 0.0%
Hampden County 220 0.0%
Plymouth County 210 0.0%
Barnstable County 210 0.0%
Essex County 101 100.0%
Hampshire County 100 0.0%
Worcester County 101 100.0%

Other large lenders in Massachusetts

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 17,47629.0%7.40%
Rocket MortgageC 8,69815.9%6.75%
Bank of AmericaF 7,78430.1%5.99%
Guaranteed RateB 7,3134.5%6.50%
Eastern BankB 6,21631.8%6.99%
Rockland TrustC 5,99028.6%6.99%
Leader BankA 5,9131.8%6.25%
United Shore Financial ServicesB 5,89812.8%6.50%
Crosscountry MortgageB 5,6343.8%6.63%
TD BankD 3,77826.9%7.44%

Frequently asked questions

Massachusetts: 19 applications in 2025, of which 9 were originated and 3 denied.

15.8% of all applications, or 25.0% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans North American Savings Bank originated in Massachusetts in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are North American Savings 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