Pennymac Loan Services in Massachusetts vs the state
12.2%Denial rate-4.04 pts vs state
18.6%Decision denial rate-1.37 pts vs state
51.5%Origination rate-11.13 pts vs state
6.50%Median rate-0.13 pts vs state
0.26Rate spread (pts)+0.17 pts vs state
$135kMedian applicant income
1,315Loans originated
311Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,124 | 503 | 14.7% | 6.62% | #35 |
| 2024 | 1,697 | 812 | 15.2% | 6.62% | #24 |
| 2025 | 2,555 | 1,315 | 12.2% | 6.50% | #20 |
What Pennymac Loan Services lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Worcester County | 422 | 225 | 53 | 12.6% |
| Middlesex County | 367 | 195 | 39 | 10.6% |
| Plymouth County | 348 | 206 | 34 | 9.8% |
| Bristol County | 302 | 140 | 39 | 12.9% |
| Essex County | 297 | 123 | 36 | 12.1% |
| Hampden County | 249 | 118 | 27 | 10.8% |
| Norfolk County | 205 | 119 | 20 | 9.8% |
| Suffolk County | 130 | 68 | 29 | 22.3% |
| Barnstable County | 125 | 73 | 18 | 14.4% |
| Hampshire County | 43 | 22 | 8 | 18.6% |
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: 2,555 applications in 2025, of which 1,315 were originated and 311 denied.
12.2% of all applications, or 18.6% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Pennymac Loan Services originated in Massachusetts in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services'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