Salem Five Cents Savings Bank in Massachusetts vs the state
14.4%Denial rate-1.78 pts vs state
17.7%Decision denial rate-2.28 pts vs state
64.2%Origination rate+1.63 pts vs state
5.99%Median rate-0.63 pts vs state
-1.26Rate spread (pts)-1.35 pts vs state
$155kMedian applicant income
930Loans originated
209Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,182 | 670 | 17.6% | 6.99% | #30 |
| 2024 | 1,309 | 774 | 17.0% | 7.24% | #33 |
| 2025 | 1,448 | 930 | 14.4% | 5.99% | #32 |
What Salem Five Cents Savings Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Salem Five Cents Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 800 | 521 | 116 | 14.5% |
| Middlesex County | 359 | 226 | 51 | 14.2% |
| Plymouth County | 65 | 44 | 4 | 6.2% |
| Suffolk County | 64 | 32 | 14 | 21.9% |
| Norfolk County | 59 | 39 | 10 | 16.9% |
| Worcester County | 42 | 24 | 9 | 21.4% |
| Bristol County | 31 | 20 | 4 | 12.9% |
| Barnstable County | 21 | 18 | 0 | 0.0% |
| Hampden County | 3 | 3 | 0 | 0.0% |
| Dukes County | 2 | 1 | 1 | 50.0% |
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: 1,448 applications in 2025, of which 930 were originated and 209 denied.
14.4% of all applications, or 17.7% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Salem Five Cents Savings Bank originated in Massachusetts in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Salem Five Cents Savings 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