The Bank of Canton · Massachusetts · 2025

The Bank of Canton in Massachusetts: approval rate, denial rate and rates (2025)

The Bank of Canton took 337 mortgage applications in Massachusetts in 2025, ranking #108 of 799 lenders active in the state. It originated 68.6% of them and denied 15.7% (18.5% of the applications it decided), against a statewide denial rate of 16.2%.

337Applicationsin MA
18.5%Decision denial ratestate 20.0%
6.50%Median ratestate 6.63%
$485,000Median loanstate $325,000
$142MVolume12 counties

The Bank of Canton in Massachusetts vs the state

15.7%Denial rate-0.48 pts vs state
18.5%Decision denial rate-1.48 pts vs state
68.6%Origination rate+5.95 pts vs state
6.50%Median rate-0.13 pts vs state
-0.07Rate spread (pts)-0.16 pts vs state
$176kMedian applicant income
231Loans originated
53Denied

Trend in Massachusetts

YearApplicationsOriginatedDenial rateMedian rateRank in state
202325917812.0%6.63%#127
202437625912.8%6.63%#95
202533723115.7%6.50%#108

What The Bank of Canton lends in Massachusetts

By loan purpose

Home purchase 245 73% · 8.6% denied
Refinance 50 15% · 10.0% denied
Cash-out refinance 12 4% · 50.0% denied
Home improvement 19 6% · 68.4% denied
Other / HELOC 11 3% · 72.7% denied

By loan type

Conventional 337 100% · 15.7% denied

Why it denied Massachusetts applicants

Debt-to-income ratio 24 45%
Other 10 19%
Credit history 10 19%
Collateral 3 6%
Insufficient cash 2 4%
Employment history 2 4%
Unverifiable information 2 4%

Where in Massachusetts

Counties with the most The Bank of Canton applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Norfolk County 1056722 21.0%
Middlesex County 62465 8.1%
Plymouth County 533711 20.8%
Suffolk County 40284 10.0%
Worcester County 29195 17.2%
Bristol County 21154 19.0%
Essex County 15112 13.3%
Barnstable County 730 0.0%
Hampden County 220 0.0%
Franklin County 110 0.0%

Other large lenders in Massachusetts

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 17,47629.0%7.40%
Rocket MortgageC 8,69815.9%6.75%
Bank of AmericaF 7,78430.1%5.99%
Guaranteed RateB 7,3134.5%6.50%
Eastern BankB 6,21631.8%6.99%
Rockland TrustC 5,99028.6%6.99%
Leader BankA 5,9131.8%6.25%
United Shore Financial ServicesB 5,89812.8%6.50%
Crosscountry MortgageB 5,6343.8%6.63%
TD BankD 3,77826.9%7.44%

Frequently asked questions

Massachusetts: 337 applications in 2025, of which 231 were originated and 53 denied.

15.7% of all applications, or 18.5% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.

The median rate on loans The Bank of Canton originated in Massachusetts in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are The Bank of Canton'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