Norwood Co-operative Bank · Massachusetts · 2025

Norwood Co-operative Bank in Massachusetts: approval rate, denial rate and rates (2025)

Norwood Co-operative Bank took 165 mortgage applications in Massachusetts in 2025, ranking #186 of 799 lenders active in the state. It originated 88.5% of them and denied 6.1% (6.4% of the applications it decided), against a statewide denial rate of 16.2%.

165Applicationsin MA
6.4%Decision denial ratestate 20.0%
Median ratestate 6.63%
$655,000Median loanstate $325,000
$168MVolume8 counties

Norwood Co-operative Bank in Massachusetts vs the state

6.1%Denial rate-10.15 pts vs state
6.4%Decision denial rate-13.58 pts vs state
88.5%Origination rate+25.88 pts vs state
Median rate
Rate spread (pts)
$174kMedian applicant income
146Loans originated
10Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232201729.6%#150
20241601316.3%#175
20251651466.1%#186

What Norwood Co-operative Bank lends in Massachusetts

By loan purpose

Home purchase 89 54% · 3.4% denied
Refinance 29 18% · 6.9% denied
Cash-out refinance 24 15% · 12.5% denied
Home improvement 12 7% · 0.0% denied
Other / HELOC 11 7% · 18.2% denied

By loan type

Conventional 165 100% · 6.1% denied

Where in Massachusetts

Counties with the most Norwood Co-operative Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Norfolk County 75673 4.0%
Suffolk County 25241 4.0%
Bristol County 19134 21.1%
Plymouth County 17160 0.0%
Middlesex County 15131 6.7%
Worcester County 770 0.0%
Barnstable County 440 0.0%
Essex County 321 33.3%

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: 165 applications in 2025, of which 146 were originated and 10 denied.

6.1% of all applications, or 6.4% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Norwood Co-operative 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