Ross Mortgage Company at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B 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%
63rd6.9% deniedPricingmedian rate spread over APOR, weight 30%
45th0.31 ptsProcesswithdrawn + incomplete share, weight 15%
32nd15.8%Closing coststotal loan costs ÷ loan amount, weight 10%
77th1.21% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 135 | 104 | 5.2% | 6.3% | 7.13% | $35M |
| 2024 | 117 | 97 | 4.3% | 4.9% | 6.99% | $38M |
| 2025 | 171 | 134 | 5.9% | 6.9% | 6.69% | $54M |
What Ross Mortgage Company 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
By loan type
Also: 4 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 28 investment properties.
Why Ross Mortgage Company denies applications
Primary reason reported for each of the 10 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Ross Mortgage Company
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 37 | 30 | 3.2% |
| $100k – $150k | 49 | 39 | 7.1% |
| $150k – $250k | 51 | 41 | 6.8% |
| Over $250k | 23 | 17 | 10.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 50 | 43 | 4.4% |
| 35–44 | 50 | 39 | 4.9% |
| 45–54 | 40 | 29 | 9.4% |
Where Ross Mortgage Company lends
7 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 145 | 113 | 4.1% | 6.63% | #207 |
| New Hampshire | 12 | 11 | 8.3% | 6.62% | #243 |
| Maine | 6 | 3 | 33.3% | 8.38% | #259 |
Frequently asked questions
Ross Mortgage Company denied 6.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 63rd percentile of small mortgage lenders.
The most common reason Ross Mortgage Company gave in 2025 was "collateral", cited on 40.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Ross Mortgage Company originated in 2025 was 6.69%, and its median rate spread over the average prime offer rate was 0.31 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 71% of its applications were for home purchases, 27% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 90% conventional, 9% FHA, 1% 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.