Salem Co-Operative Bank in Massachusetts vs the state
19.2%Denial rate+3.02 pts vs state
21.7%Decision denial rate+1.79 pts vs state
61.5%Origination rate-1.06 pts vs state
—Median rate
—Rate spread (pts)
$143kMedian applicant income
16Loans originated
5Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 49 | 34 | 16.3% | — | #312 |
| 2024 | 29 | 15 | 34.5% | — | #364 |
| 2025 | 26 | 16 | 19.2% | — | #392 |
What Salem Co-Operative Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Salem Co-Operative Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 16 | 9 | 4 | 25.0% |
| Middlesex County | 7 | 4 | 1 | 14.3% |
| Suffolk County | 3 | 3 | 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: 26 applications in 2025, of which 16 were originated and 5 denied.
19.2% of all applications, or 21.7% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Salem Co-Operative 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