Somerville Bank 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%
53rd9.0% deniedProcesswithdrawn + incomplete share, weight 15%
94th0.9%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 85 | 66 | 1.2% | 1.2% | 6.94% | $12M |
| 2024 | 107 | 94 | 8.4% | 8.5% | 6.50% | $18M |
| 2025 | 112 | 85 | 8.9% | 9.0% | — | $17M |
What Somerville Bank 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: 0 home-equity lines, 0 reverse mortgages, 2 manufactured homes, 18 investment properties.
Who gets approved at Somerville Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 42 | 33 | 9.5% |
| $100k – $150k | 23 | 19 | 4.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 31 | 23 | 0.0% |
| 35–44 | 21 | 17 | 19.1% |
Where Somerville Bank lends
4 states and 20 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Somerville Bank denied 9.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 53rd percentile of small mortgage lenders.
In 2025, 63% of its applications were for home purchases, 33% for refinancing (including cash-out), and 4% for home improvement or other purposes. By loan type: 96% conventional, 2% FHA, 0% 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.