Suffolk County, MA: mortgage lenders, denial rate and originations, 2024

States › Massachusetts › Suffolk County

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.

Suffolk County, Massachusetts, saw 14,386 HMDA-reported applications and 8,319 originations ($5.7bn) in 2024.

That is 25.4 originations per 1,000 households, against 43.0 for Massachusetts and 48.0 nationally.

The county's denial rate was 25.1%, above the state rate of 22.3%. The median rate spread on originated loans was 0.1 percentage points and 9.5% of originations were 1.5 points or more above the average prime offer rate.

86 lenders reached 25 applications in the county; the most active by originations were CBNA Year to Date (617), Leader Bank NA (584) and Guaranteed Rate, Inc. (438).

Originations were up 7% on 2023.

14,386applications, 2024

8,319loans originated$5.7bn

25.1%denial rateMA 22.3% · US 24.3%

25.4originations per 1,000 householdsMA 43.0 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	CBNA Year to Date	1,375	617	$187m	48.1%	—
2	Leader Bank NA	703	584	$355m	2.8%	—
3	Guaranteed Rate, Inc.	681	438	$268m	7.8%	—
4	Crosscountry Mortgage, LLC	496	352	$227m	2.5%	—
5	Eastern Bank	584	346	$188m	31.7%	—
6	Rocket Mortgage	393	280	$120m	21.9%	—
7	Rockland Trust Bank	600	241	$119m	44.3%	—
8	Bank of America NA	590	240	$136m	43.5%	—
9	Cambridge Savings Bank	282	224	$122m	7.8%	—
10	United Wholesale Mortgage	319	221	$132m	18.5%	—
11	M&T Bank	249	187	$159m	15.6%	—
12	JPMorgan Chase Bank, NA	284	183	$249m	12.8%	—
13	Movement Mortgage, LLC	203	150	$92m	5.8%	—
14	Msa Mortgage, LLC	175	134	$82m	7.6%	—
15	TD Bank	279	133	$76m	39.8%	—
16	Salem Five Mortgage Company LLC	194	132	$63m	19.5%	—
17	Fairway Independent Mort Corp	178	131	$68m	7.1%	—
18	Guild Mortgage Company	165	117	$66m	8.3%	—
19	Berkshire Bank	150	107	$114m	13.8%	—
20	Metro Credit Union	161	87	$18m	18.5%	—
21	CMG Mortgage Inc	165	85	$48m	13.3%	—
22	Us Bank, N.A.	155	84	$62m	32.8%	—
23	Webster Bank, N.A.	103	76	$60m	9.3%	—
24	Guaranteed Rate Affinity, LLC	115	74	$49m	5.1%	—
25	Dedham Institution For Savings	87	71	$98m	4.0%	—
26	Harvard Federal Credit Union	90	70	$22m	13.4%	—
27	Jeanne D'Arc Credit Union	76	63	$40m	2.9%	—
28	Washington Trust Mortgage Company LLC	106	60	$36m	10.3%	—
29	RF Renovo Management Company, LLC	78	58	$59m	0.0%	—
30	EMM Loans LLC	68	56	$37m	0.0%	—
31	New Fed Mortgage Corp.	66	55	$33m	8.3%	—
32	CCG Fund 1 LLC	54	54	$135m	0.0%	—
33	The Cooperative Bank	69	51	$29m	10.9%	—
34	Morgan Stanley Private Bank NA	61	46	$53m	2.0%	—
35	Newrez LLC	191	44	$18m	53.5%	—
36	Hanscom Federal Credit Union	104	43	$9.5m	47.8%	—
37	Everett Co-Operative Bank	53	43	$48m	10.2%	—
38	Brookline Bank	77	41	$24m	28.8%	—
39	Bankesb	49	41	$18m	4.7%	—
40	Loandepot.com, LLC	74	40	$20m	30.5%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 86. Denial rate is denials over decided applications in this county.

Compared with Massachusetts and the nation

Measure	This county	Massachusetts	United States
Denial rate	25.1%	22.3%	24.3%
Median rate spread, pp	0.1	0.2	0.3
Originations with spread of 1.5 pp or more	9.5%	11.9%	15.6%
Average originated loan	$686k	$432k	$329k
Originations per 1,000 households	25.4	43.0	48.0
Home purchase share of originations	62.1%	50.7%	57.0%
FHA-insured share	3.8%	7.5%	13.4%
VA-guaranteed share	1.8%	2.5%	7.9%

Rate spread distribution

Below 0 pp45.5%

0 to 0.5 pp27.4%

0.5 to 1 pp10.9%

1 to 1.5 pp6.5%

1.5 to 3 pp7.5%

3 or more pp2.1%

Share of 6,613 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 62% (5,162)Home improvement 10% (833)Refinancing 13% (1,083)Cash-out refinancing 8% (669)Other purpose 7% (572)

By type

Conventional 94% (7,850)FHA 4% (314)VA 2% (153)USDA 0% (2)

Trend by year

ApplicationsOriginations

Applications and originations in Suffolk County, 2022–2024

This countyMassachusetts

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Suffolk County, MA?

By 2024 originations: CBNA Year to Date (617), Leader Bank NA (584), Guaranteed Rate, Inc. (438), Crosscountry Mortgage, LLC (352), Eastern Bank (346). 86 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Suffolk County?

25.1% of decided applications were denied in 2024, against 22.3% across Massachusetts and 24.3% nationally.

How many mortgages were originated in Suffolk County in 2024?

8,319 loans totalling $5.7bn, from 14,386 applications; 25.4 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 25025; 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.