Mortgage lender · Haverhill, MA · LEI 54930061YDWSR567KC82

Pentucket Bank review: approval odds, rates and grade (2025)

Pentucket Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 13.1% of the applications it decided on in 2025, which ranks in the 36th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

148Applications2025
75.7%Originatedof applications
13.1%Decision denial ratenational 22.6%
Median ratenational 6.63%
$50MLoan volume3 states

Pentucket Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

11.5%Denial rate (all applications)-6.49 pts vs national
13.1%Denial rate (decided applications)-9.51 pts vs national
75.7%Origination rate+17.65 pts vs national
10.8%Withdrawn by applicant
1.4%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$405,000Median loan amount
Median total loan costs
$128kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

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%

36th13.1% denied

Processwithdrawn + incomplete share, weight 15%

47th12.2%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20232011498.5%10.1%$65M
202414511013.1%14.6%$50M
202514811211.5%13.1%$50M

What Pentucket Bank 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

Home purchase 85 57% · 7.1% denied
Refinance 9 6% · 0.0% denied
Cash-out refinance 33 22% · 30.3% denied
Home improvement 11 7% · 9.1% denied
Other / HELOC 10 7% · 0.0% denied

By loan type

Conventional 148 100% · 11.5% denied

Also: 0 home-equity lines, 0 reverse mortgages, 4 manufactured homes, 28 investment properties.

Who gets approved at Pentucket Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k342524.2%
$100k – $150k453317.5%
$150k – $250k31244.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–34311825.0%
35–44292112.5%
45–54221719.1%
55–6424220.0%

Where Pentucket Bank lends

3 states and 12 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Massachusetts79647.6%#278
New Hampshire674716.4%#105

Frequently asked questions

Pentucket Bank denied 13.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 36th percentile of small mortgage lenders.

In 2025, 57% of its applications were for home purchases, 28% for refinancing (including cash-out), and 14% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Pentucket Bank. Data sources · Methodology