PeoplesBank in Massachusetts vs the state
12.3%Denial rate-3.94 pts vs state
14.8%Decision denial rate-5.12 pts vs state
69.4%Origination rate+6.78 pts vs state
6.25%Median rate-0.38 pts vs state
-0.17Rate spread (pts)-0.26 pts vs state
$107kMedian applicant income
571Loans originated
101Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 900 | 594 | 13.9% | 6.38% | #45 |
| 2024 | 835 | 552 | 11.6% | 6.81% | #51 |
| 2025 | 823 | 571 | 12.3% | 6.25% | #59 |
What PeoplesBank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most PeoplesBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Hampden County | 540 | 364 | 75 | 13.9% |
| Hampshire County | 186 | 132 | 16 | 8.6% |
| Franklin County | 19 | 16 | 1 | 5.3% |
| Worcester County | 16 | 15 | 0 | 0.0% |
| Middlesex County | 16 | 13 | 2 | 12.5% |
| Essex County | 15 | 9 | 3 | 20.0% |
| Plymouth County | 8 | 6 | 1 | 12.5% |
| Barnstable County | 7 | 5 | 2 | 28.6% |
| Suffolk County | 7 | 4 | 0 | 0.0% |
| Norfolk County | 5 | 4 | 0 | 0.0% |
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: 823 applications in 2025, of which 571 were originated and 101 denied.
12.3% of all applications, or 14.8% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans PeoplesBank originated in Massachusetts in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are PeoplesBank'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