Nqm Funding in Massachusetts vs the state
24.3%Denial rate+8.11 pts vs state
28.4%Decision denial rate+8.47 pts vs state
54.1%Origination rate-8.55 pts vs state
7.75%Median rate+1.12 pts vs state
1.20Rate spread (pts)+1.11 pts vs state
$199kMedian applicant income
60Loans originated
27Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 64 | 44 | 20.3% | 8.87% | #282 |
| 2024 | 80 | 53 | 7.5% | 8.12% | #265 |
| 2025 | 111 | 60 | 24.3% | 7.75% | #238 |
What Nqm Funding lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Nqm Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 25 | 13 | 7 | 28.0% |
| Worcester County | 25 | 15 | 7 | 28.0% |
| Essex County | 22 | 8 | 7 | 31.8% |
| Plymouth County | 8 | 6 | 1 | 12.5% |
| Barnstable County | 8 | 6 | 0 | 0.0% |
| Bristol County | 5 | 3 | 1 | 20.0% |
| Norfolk County | 5 | 4 | 1 | 20.0% |
| Suffolk County | 5 | 0 | 2 | 40.0% |
| Hampshire County | 2 | 1 | 0 | 0.0% |
| Nantucket County | 2 | 1 | 1 | 50.0% |
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: 111 applications in 2025, of which 60 were originated and 27 denied.
24.3% of all applications, or 28.4% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Nqm Funding originated in Massachusetts in 2025 was 7.75%, against a statewide median of 6.63%.
About this data. Figures are Nqm Funding'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