The Bank of Canton 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%
24th17.8% deniedPricingmedian rate spread over APOR, weight 30%
86th-0.07 ptsProcesswithdrawn + incomplete share, weight 15%
36th14.9%Closing coststotal loan costs ÷ loan amount, weight 10%
87th0.94% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 269 | 185 | 11.5% | 13.9% | 6.63% | $94M |
| 2024 | 394 | 272 | 12.7% | 15.2% | 6.63% | $153M |
| 2025 | 369 | 253 | 15.2% | 17.8% | 6.50% | $157M |
What The Bank of Canton 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, 0 manufactured homes, 68 investment properties.
Why The Bank of Canton denies applications
Primary reason reported for each of the 56 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at The Bank of Canton
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 48 | 27 | 34.2% |
| $100k – $150k | 69 | 45 | 20.3% |
| $150k – $250k | 105 | 76 | 12.4% |
| Over $250k | 108 | 80 | 14.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 111 | 84 | 9.7% |
| 35–44 | 86 | 63 | 15.8% |
| 45–54 | 62 | 41 | 23.6% |
| 55–64 | 62 | 36 | 28.3% |
Where The Bank of Canton lends
10 states and 29 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 337 | 231 | 15.7% | 6.50% | #108 |
| Rhode Island | 12 | 8 | 0.0% | 6.69% | #175 |
| New Hampshire | 9 | 7 | 11.1% | 6.63% | #267 |
Frequently asked questions
The Bank of Canton denied 17.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 24th percentile of small mortgage lenders.
The most common reason The Bank of Canton gave in 2025 was "debt-to-income ratio", cited on 46.4% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans The Bank of Canton originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.07 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 74% of its applications were for home purchases, 17% for refinancing (including cash-out), and 8% for home improvement or other purposes. By loan type: 100% conventional, 0% 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.