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Suffolk County, Massachusetts · 2025

Mortgage lenders in Suffolk County, MA: denial rates and top lenders (2025)

451 lenders acted on 16,588 mortgage applications for properties in Suffolk County in 2025. 19.3% were denied (Massachusetts: 16.2%). Median rate on closed loans 6.50%; median loan $445,000; median property value $835,000.

17kApplications
19.3%Denial ratestate 16.2%
6.50%Median ratestate 6.63%
$445,000Median loan
$835,000Median property value

Largest lenders in Suffolk County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Citizens Bank C 1,679757 42.3%7.40%
2 Leader Bank A 786656 2.3%6.25%
3 Guaranteed Rate B 776442 5.2%6.61%
4 Eastern Bank B 742420 32.9%6.75%
5 Bank of America F 694261 36.7%5.99%
6 Rockland Trust C 627282 31.9%6.74%
7 Crosscountry Mortgage B 619439 3.7%6.63%
8 Rocket Mortgage C 482321 24.5%6.38%
9 United Shore Financial Services B 378257 15.9%6.60%
10 Cambridge Savings Bank A 308255 6.5%6.25%
11 Newrez D 27766 30.3%6.93%
12 Manufacturers and Traders Trust C 269203 11.9%5.63%
13 JPMorgan Chase Bank B 257170 9.7%6.25%
14 TD Bank D 248115 32.7%7.19%
15 CMG Mortgage A 236141 9.8%6.50%
16 METRO Credit Union B 205116 13.2%6.88%
17 Workers Federal Credit Union B 185135 6.0%5.75%
18 Guild Mortgage A 184132 8.2%6.50%
19 Fairway Independent Mortgage B 179125 6.7%6.63%
20 Salem Five Mortgage Company A 167117 14.4%6.25%
21 Movement Mortgage A 155112 7.1%6.63%
22 Msa Mortgage B 145104 9.0%6.38%
23 Guaranteed Rate Affinity A 14588 2.8%6.48%
24 First-Citizens Bank & Trust B 143108 8.4%5.25%
25 Loandepot.Com D 13270 25.0%6.63%

Best approval odds in Suffolk County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Morgan Stanley Private Bank610.0%
2Emm Loans800.0%
3Everett Co-operative Bank601.7%
4Leader Bank6852.6%
5Guaranteed Rate Affinity924.4%
6Crosscountry Mortgage4694.9%
7bankESB814.9%
8Dedham Institution for Savings676.0%
9Total Mortgage Services506.0%
10Cambridge Savings Bank2777.2%

What Suffolk County borrowers applied for

By loan purpose

Home purchase 7,647 46% · 8.8% denied
Refinance 3,322 20% · 19.3% denied
Cash-out refinance 2,035 12% · 23.1% denied
Home improvement 2,030 12% · 40.6% denied
Other / HELOC 1,554 9% · 38.5% denied

By loan type

Conventional 15,527 94% · 19.4% denied
FHA 726 4% · 21.9% denied
VA 331 2% · 11.8% denied
USDA / RHS 4 0% · 25.0% denied

Why applications were denied

Debt-to-income ratio 1,376 44%
Collateral 607 20%
Credit history 527 17%
Incomplete application 229 7%
Other 214 7%
Unverifiable information 89 3%
Insufficient cash 52 2%
Employment history 18 1%

Suffolk County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202313,6087,79620.7%6.58%$415,000
202414,3868,31920.2%6.75%$425,000
202516,5889,62619.3%6.50%$445,000

Frequently asked questions

19.3% of applications in Suffolk County were denied in 2025, against 16.2% statewide in Massachusetts.

Citizens Bank, with 1,679 applications in 2025 and a denial rate of 42.3%.

The median mortgage application in Suffolk County in 2025 was for $445,000; the median property value on originated loans was $835,000.