Northern Bank & Trust 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 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
49th10.0% deniedPricingmedian rate spread over APOR, weight 30%
22nd0.64 ptsProcesswithdrawn + incomplete share, weight 15%
63rd9.1%Closing coststotal loan costs ÷ loan amount, weight 10%
82nd1.10% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 33 | 27 | 3.0% | 3.2% | 6.38% | $48M |
| 2024 | 76 | 53 | 11.8% | 13.6% | 7.38% | $50M |
| 2025 | 276 | 216 | 9.1% | 10.0% | 7.75% | $172M |
What Northern Bank & Trust 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: 137 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 70 investment properties.
Why Northern Bank & Trust denies applications
Primary reason reported for each of the 25 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Northern Bank & Trust
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 29 | 27 | 6.9% |
| $100k – $150k | 46 | 36 | 10.0% |
| $150k – $250k | 63 | 49 | 7.1% |
| Over $250k | 90 | 67 | 11.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 34 | 27 | 3.6% |
| 35–44 | 62 | 49 | 11.7% |
| 45–54 | 59 | 41 | 17.0% |
| 55–64 | 68 | 54 | 8.5% |
| 65–74 | 20 | 14 | 15.8% |
Where Northern Bank & Trust lends
6 states and 22 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 250 | 194 | 9.2% | 7.75% | #133 |
| New Hampshire | 22 | 18 | 9.1% | 6.81% | #183 |
Frequently asked questions
Northern Bank & Trust denied 10.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 49th percentile of small mortgage lenders.
The most common reason Northern Bank & Trust gave in 2025 was "debt-to-income ratio", cited on 44.0% 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 Northern Bank & Trust originated in 2025 was 7.75%, and its median rate spread over the average prime offer rate was 0.64 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 38% of its applications were for home purchases, 29% for refinancing (including cash-out), and 34% 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.