Primary Residential Mortgage · Massachusetts · 2025

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

Primary Residential Mortgage took 202 mortgage applications in Massachusetts in 2025, ranking #161 of 799 lenders active in the state. It originated 65.4% of them and denied 3.5% (5.0% of the applications it decided), against a statewide denial rate of 16.2%.

202Applicationsin MA
5.0%Decision denial ratestate 20.0%
6.69%Median ratestate 6.63%
$425,000Median loanstate $325,000
$54MVolume11 counties

Primary Residential Mortgage in Massachusetts vs the state

3.5%Denial rate-12.74 pts vs state
5.0%Decision denial rate-14.91 pts vs state
65.4%Origination rate+2.75 pts vs state
6.69%Median rate+0.06 pts vs state
0.52Rate spread (pts)+0.42 pts vs state
$121kMedian applicant income
132Loans originated
7Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023127747.1%6.81%#206
2024156991.3%6.75%#179
20252021323.5%6.69%#161

What Primary Residential Mortgage lends in Massachusetts

By loan purpose

Home purchase 131 65% · 1.5% denied
Refinance 38 19% · 7.9% denied
Cash-out refinance 33 16% · 6.1% denied

By loan type

Conventional 136 67% · 2.9% denied
FHA 65 32% · 4.6% denied
VA 1 0% · 0.0% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 3 43%
Collateral 2 29%
Credit history 1 14%
Insufficient cash 1 14%

Where in Massachusetts

Counties with the most Primary Residential Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bristol County 50330 0.0%
Plymouth County 49302 4.1%
Worcester County 44320 0.0%
Middlesex County 1483 21.4%
Norfolk County 1491 7.1%
Hampden County 1271 8.3%
Suffolk County 760 0.0%
Barnstable County 540 0.0%
Essex County 420 0.0%
Hampshire County 210 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: 202 applications in 2025, of which 132 were originated and 7 denied.

3.5% of all applications, or 5.0% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans Primary Residential Mortgage originated in Massachusetts in 2025 was 6.69%, against a statewide median of 6.63%.

About this data. Figures are Primary Residential 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