Somerset Federal Credit Union in Massachusetts vs the state
9.1%Denial rate-7.15 pts vs state
10.7%Decision denial rate-9.30 pts vs state
76.0%Origination rate+13.38 pts vs state
6.25%Median rate-0.38 pts vs state
—Rate spread (pts)
$99kMedian applicant income
193Loans originated
23Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 308 | 198 | 18.2% | 5.63% | #115 |
| 2024 | 201 | 123 | 16.9% | 6.63% | #150 |
| 2025 | 254 | 193 | 9.1% | 6.25% | #132 |
What Somerset Federal Credit Union lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Somerset Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bristol County | 184 | 150 | 17 | 9.2% |
| Plymouth County | 59 | 40 | 4 | 6.8% |
| Barnstable County | 9 | 2 | 2 | 22.2% |
| Norfolk County | 2 | 1 | 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: 254 applications in 2025, of which 193 were originated and 23 denied.
9.1% of all applications, or 10.7% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Somerset Federal Credit Union originated in Massachusetts in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Somerset Federal Credit Union'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