Wells Fargo Bank in Massachusetts vs the state
13.9%Denial rate-2.32 pts vs state
21.0%Decision denial rate+1.06 pts vs state
52.2%Origination rate-10.38 pts vs state
6.13%Median rate-0.50 pts vs state
-0.13Rate spread (pts)-0.22 pts vs state
$195kMedian applicant income
282Loans originated
75Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 804 | 363 | 26.6% | 5.88% | #50 |
| 2024 | 547 | 270 | 20.3% | 6.25% | #75 |
| 2025 | 540 | 282 | 13.9% | 6.13% | #81 |
What Wells Fargo Bank lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Where in Massachusetts
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Middlesex County | 129 | 73 | 13 | 10.1% |
| Worcester County | 77 | 27 | 16 | 20.8% |
| Norfolk County | 68 | 40 | 6 | 8.8% |
| Suffolk County | 61 | 32 | 7 | 11.5% |
| Essex County | 42 | 26 | 6 | 14.3% |
| Plymouth County | 41 | 21 | 11 | 26.8% |
| Barnstable County | 31 | 18 | 6 | 19.4% |
| Hampden County | 28 | 10 | 2 | 7.1% |
| Bristol County | 20 | 9 | 2 | 10.0% |
| Berkshire County | 15 | 11 | 1 | 6.7% |
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: 540 applications in 2025, of which 282 were originated and 75 denied.
13.9% of all applications, or 21.0% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans Wells Fargo Bank originated in Massachusetts in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Wells Fargo Bank'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