PHH Mortgage · Massachusetts · 2025

PHH Mortgage in Massachusetts: approval rate, denial rate and rates (2025)

PHH Mortgage took 503 mortgage applications in Massachusetts in 2025, ranking #87 of 799 lenders active in the state. It originated 45.3% of them and denied 6.8% (12.9% of the applications it decided), against a statewide denial rate of 16.2%.

503Applicationsin MA
12.9%Decision denial ratestate 20.0%
6.00%Median ratestate 6.63%
$375,000Median loanstate $325,000
$91MVolume13 counties

PHH Mortgage in Massachusetts vs the state

6.8%Denial rate-9.45 pts vs state
12.9%Decision denial rate-7.02 pts vs state
45.3%Origination rate-17.27 pts vs state
6.00%Median rate-0.63 pts vs state
0.00Rate spread (pts)-0.09 pts vs state
$103kMedian applicant income
228Loans originated
34Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
202323911918.8%7.12%#137
202438411812.8%6.51%#94
20255032286.8%6.00%#87

What PHH Mortgage lends in Massachusetts

By loan purpose

Home purchase 5 1% · 40.0% denied
Refinance 300 60% · 7.3% denied
Cash-out refinance 173 34% · 5.2% denied
Home improvement 25 5% · 4.0% denied

By loan type

Conventional 281 56% · 4.6% denied
FHA 195 39% · 10.3% denied
VA 27 5% · 3.7% denied

Why it denied Massachusetts applicants

Insufficient cash 10 29%
Debt-to-income ratio 8 24%
Collateral 7 21%
Other 6 18%
Unverifiable information 2 6%
Credit history 1 3%

Where in Massachusetts

Counties with the most PHH Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 87396 6.9%
Plymouth County 72384 5.6%
Essex County 69296 8.7%
Worcester County 64201 1.6%
Norfolk County 54292 3.7%
Barnstable County 46293 6.5%
Suffolk County 3896 15.8%
Bristol County 37182 5.4%
Hampden County 2192 9.5%
Hampshire County 640 0.0%

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: 503 applications in 2025, of which 228 were originated and 34 denied.

6.8% of all applications, or 12.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans PHH Mortgage originated in Massachusetts in 2025 was 6.00%, against a statewide median of 6.63%.

About this data. Figures are PHH Mortgage'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