States › Massachusetts › Franklin County
Franklin County, Massachusetts
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lenders reported 1,830 mortgage applications in Franklin County, Massachusetts, for 2024, and originated 1,111 loans worth $244m.
That is 35.2 originations per 1,000 households, against 43.0 for Massachusetts and 48.0 nationally.
The county's denial rate was 20.2%, below the state rate of 22.3%. The median rate spread on originated loans was 0.3 percentage points and 10.7% of originations were 1.5 points or more above the average prime offer rate.
22 lenders reached 25 applications in the county; the most active by originations were Greenfield Savings Bank (166), Greenfield Cooperative Bank (97) and Harborone Mortgage, LLC (56).
Originations were about level with 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Greenfield Savings Bank | 242 | 166 | $44m | 16.1% | — |
| 2 | Greenfield Cooperative Bank | 141 | 97 | $25m | 10.7% | — |
| 3 | Harborone Mortgage, LLC | 84 | 56 | $16m | 11.1% | — |
| 4 | Florence Bank | 75 | 56 | $12m | 5.0% | — |
| 5 | UMassFive College Federal Credit Union | 78 | 51 | $3.9m | 13.9% | — |
| 6 | Rocket Mortgage | 64 | 45 | $9.6m | 23.7% | — |
| 7 | Freedom Credit Union | 56 | 37 | $4.4m | 17.8% | — |
| 8 | Workers Federal Credit Union | 65 | 36 | $3.4m | 19.6% | — |
| 9 | Guild Mortgage Company | 46 | 36 | $11m | 7.7% | — |
| 10 | Total Mortgage Services, LLC | 35 | 28 | $5.8m | 0.0% | — |
| 11 | Member Advantage Mortgage | 30 | 24 | $7.3m | 3.7% | — |
| 12 | Geneva Financial LLC | 29 | 24 | $5.6m | — | — |
| 13 | M&T Bank | 38 | 22 | $2.3m | 31.4% | — |
| 14 | CMG Mortgage Inc | 36 | 22 | $6.0m | 16.7% | — |
| 15 | TD Bank | 48 | 21 | $2.5m | 43.2% | — |
| 16 | CBNA Year to Date | 44 | 20 | $3.4m | 41.2% | — |
| 17 | Franklin First Credit Union | 28 | 18 | $890k | 30.8% | — |
| 18 | United Wholesale Mortgage | 28 | 18 | $4.3m | — | — |
| 19 | Bank of America NA | 34 | 17 | $3.1m | 37.0% | — |
| 20 | Freedom Mortgage Corporation | 25 | 12 | $3.5m | — | — |
| 21 | Newrez LLC | 25 | 11 | $3.0m | — | — |
| 22 | Discover Bank | 30 | 0 | $0 | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 22. Denial rate is denials over decided applications in this county.
Compared with Massachusetts and the nation
| Measure | This county | Massachusetts | United States |
|---|---|---|---|
| Denial rate | 20.2% | 22.3% | 24.3% |
| Median rate spread, pp | 0.3 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 10.7% | 11.9% | 15.6% |
| Average originated loan | $220k | $432k | $329k |
| Originations per 1,000 households | 35.2 | 43.0 | 48.0 |
| Home purchase share of originations | 49.1% | 50.7% | 57.0% |
| FHA-insured share | 8.3% | 7.5% | 13.4% |
| VA-guaranteed share | 3.2% | 2.5% | 7.9% |
Rate spread distribution
Share of 871 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Massachusetts). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 49% (546)Home improvement 18% (198)Refinancing 9% (104)Cash-out refinancing 13% (148)Other purpose 10% (115)
By type
Conventional 88% (980)FHA 8% (92)VA 3% (36)USDA 0% (3)
Trend by year
ApplicationsOriginations
This countyMassachusetts
Questions and answers
Which lenders are most active in Franklin County, MA?
By 2024 originations: Greenfield Savings Bank (166), Greenfield Cooperative Bank (97), Harborone Mortgage, LLC (56), Florence Bank (56), UMassFive College Federal Credit Union (51). 22 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Franklin County?
20.2% of decided applications were denied in 2024, against 22.3% across Massachusetts and 24.3% nationally.
How many mortgages were originated in Franklin County in 2024?
1,111 loans totalling $244m, from 1,830 applications; 35.2 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 25011; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.