PNC Bank in Massachusetts vs the state
28.7%Denial rate+12.51 pts vs state
37.4%Decision denial rate+17.49 pts vs state
46.1%Origination rate-16.50 pts vs state
6.25%Median rate-0.38 pts vs state
-0.22Rate spread (pts)-0.32 pts vs state
$174kMedian applicant income
390Loans originated
243Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 617 | 292 | 24.2% | 8.05% | #64 |
| 2024 | 696 | 307 | 34.5% | 6.99% | #63 |
| 2025 | 846 | 390 | 28.7% | 6.25% | #56 |
What PNC Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most PNC Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 222 | 112 | 46 | 20.7% |
| Norfolk County | 127 | 50 | 46 | 36.2% |
| Essex County | 85 | 48 | 23 | 27.1% |
| Suffolk County | 84 | 28 | 34 | 40.5% |
| Plymouth County | 81 | 33 | 32 | 39.5% |
| Worcester County | 74 | 32 | 17 | 23.0% |
| Bristol County | 64 | 32 | 20 | 31.3% |
| Barnstable County | 45 | 24 | 8 | 17.8% |
| Hampden County | 31 | 15 | 7 | 22.6% |
| Hampshire County | 9 | 7 | 2 | 22.2% |
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: 846 applications in 2025, of which 390 were originated and 243 denied.
28.7% of all applications, or 37.4% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans PNC Bank originated in Massachusetts in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are PNC Bank'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