Third Federal Savings and Loan Association of Cleveland in Massachusetts vs the state
28.1%Denial rate+11.90 pts vs state
31.9%Decision denial rate+11.99 pts vs state
56.7%Origination rate-5.92 pts vs state
6.99%Median rate+0.37 pts vs state
-0.27Rate spread (pts)-0.36 pts vs state
$200kMedian applicant income
246Loans originated
122Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 471 | 222 | 41.0% | 7.24% | #87 |
| 2024 | 531 | 254 | 38.2% | 7.49% | #77 |
| 2025 | 434 | 246 | 28.1% | 6.99% | #93 |
What Third Federal Savings and Loan Association of Cleveland lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Third Federal Savings and Loan Association of Cleveland applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 128 | 82 | 23 | 18.0% |
| Essex County | 69 | 44 | 16 | 23.2% |
| Norfolk County | 65 | 37 | 18 | 27.7% |
| Plymouth County | 50 | 22 | 17 | 34.0% |
| Worcester County | 38 | 19 | 16 | 42.1% |
| Bristol County | 23 | 11 | 10 | 43.5% |
| Suffolk County | 20 | 12 | 6 | 30.0% |
| Barnstable County | 20 | 8 | 9 | 45.0% |
| Hampshire County | 7 | 5 | 2 | 28.6% |
| Hampden County | 5 | 2 | 1 | 20.0% |
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: 434 applications in 2025, of which 246 were originated and 122 denied.
28.1% of all applications, or 31.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Third Federal Savings and Loan Association of Cleveland originated in Massachusetts in 2025 was 6.99%, against a statewide median of 6.63%.
About this data. Figures are Third Federal Savings and Loan Association of Cleveland'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