Ocean State Credit Union · Massachusetts · 2025

Ocean State Credit Union in Massachusetts: approval rate, denial rate and rates (2025)

Ocean State Credit Union took 14 mortgage applications in Massachusetts in 2025, ranking #440 of 799 lenders active in the state. It originated 57.1% of them and denied 42.9% (42.9% of the applications it decided), against a statewide denial rate of 16.2%.

14Applicationsin MA
42.9%Decision denial ratestate 20.0%
7.38%Median ratestate 6.63%
$165,000Median loanstate $325,000
$1.4MVolume5 counties

Ocean State Credit Union in Massachusetts vs the state

42.9%Denial rate+26.65 pts vs state
42.9%Decision denial rate+22.91 pts vs state
57.1%Origination rate-5.46 pts vs state
7.38%Median rate+0.75 pts vs state
1.15Rate spread (pts)+1.05 pts vs state
$82kMedian applicant income
8Loans originated
6Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
20239811.1%6.63%#436
202412725.0%7.25%#435
202514842.9%7.38%#440

What Ocean State Credit Union lends in Massachusetts

By loan purpose

Home purchase 11 79% · 36.4% denied
Refinance 3 21% · 66.7% denied

By loan type

Conventional 14 100% · 42.9% denied

Why it denied Massachusetts applicants

Credit history 2 33%
Collateral 2 33%
Debt-to-income ratio 1 17%
Incomplete application 1 17%

Where in Massachusetts

Counties with the most Ocean State Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Plymouth County 532 40.0%
Essex County 330 0.0%
Barnstable County 321 33.3%
Bristol County 202 100.0%
Norfolk 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: 14 applications in 2025, of which 8 were originated and 6 denied.

42.9% of all applications, or 42.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Ocean State Credit Union originated in Massachusetts in 2025 was 7.38%, against a statewide median of 6.63%.

About this data. Figures are Ocean State Credit Union'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