North Shore Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
25th32.9% deniedPricingmedian rate spread over APOR, weight 30%
33rd0.31 ptsProcesswithdrawn + incomplete share, weight 15%
90th4.6%Closing coststotal loan costs ÷ loan amount, weight 10%
64th2.64% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,315 | 842 | 29.4% | 30.7% | 7.63% | $205M |
| 2024 | 1,538 | 920 | 33.6% | 35.3% | 5.85% | $233M |
| 2025 | 1,506 | 941 | 31.3% | 32.9% | 6.88% | $270M |
What North Shore Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1,104 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 79 investment properties.
Why North Shore Bank denies applications
Primary reason reported for each of the 472 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at North Shore Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 206 | 75 | 61.8% |
| $50k – $100k | 543 | 338 | 33.3% |
| $100k – $150k | 324 | 218 | 27.8% |
| $150k – $250k | 261 | 193 | 18.6% |
| Over $250k | 95 | 61 | 27.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 119 | 69 | 36.9% |
| 35–44 | 231 | 116 | 43.3% |
| 45–54 | 274 | 160 | 36.7% |
| 55–64 | 409 | 270 | 30.1% |
| 65–74 | 288 | 197 | 27.7% |
| Over 74 | 129 | 82 | 32.8% |
Where North Shore Bank lends
2 states and 44 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
North Shore Bank denied 32.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 25th percentile of home-equity (HELOC) lenders.
The most common reason North Shore Bank gave in 2025 was "debt-to-income ratio", cited on 51.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans North Shore Bank originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 0.31 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 20% of its applications were for home purchases, 39% for refinancing (including cash-out), and 41% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.