Salem Five Mortgage Company in Massachusetts vs the state
9.1%Denial rate-7.10 pts vs state
10.3%Decision denial rate-9.62 pts vs state
78.3%Origination rate+15.70 pts vs state
6.25%Median rate-0.38 pts vs state
0.01Rate spread (pts)-0.08 pts vs state
$165kMedian applicant income
1,194Loans originated
139Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,372 | 1,015 | 9.1% | 6.38% | #24 |
| 2024 | 1,625 | 1,256 | 10.6% | 6.50% | #26 |
| 2025 | 1,525 | 1,194 | 9.1% | 6.25% | #28 |
What Salem Five Mortgage Company lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Salem Five Mortgage Company applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 548 | 426 | 51 | 9.3% |
| Middlesex County | 413 | 341 | 27 | 6.5% |
| Suffolk County | 167 | 117 | 24 | 14.4% |
| Worcester County | 121 | 98 | 7 | 5.8% |
| Norfolk County | 107 | 78 | 13 | 12.1% |
| Plymouth County | 95 | 73 | 10 | 10.5% |
| Bristol County | 35 | 31 | 2 | 5.7% |
| Barnstable County | 25 | 20 | 3 | 12.0% |
| Franklin County | 5 | 3 | 1 | 20.0% |
| Hampden 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: 1,525 applications in 2025, of which 1,194 were originated and 139 denied.
9.1% of all applications, or 10.3% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Salem Five Mortgage Company originated in Massachusetts in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Salem Five Mortgage Company'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