Lenders › Lower, LLC › Massachusetts
Lower, LLC in Massachusetts
HMDA record for properties in Massachusetts, calendar year 2024. National record · Massachusetts overview
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.
In Massachusetts, Lower, LLC reported 199 applications and 83 originations for 2024, $36m in all.
Its denial rate in the state was 27.5%, above the Massachusetts rate of 22.3% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its Massachusetts originations was 0.5 percentage points (state median 0.2).
Applications in the state were up 158% on 2023.
Compared with the state and the lender's national record
| Measure | In Massachusetts | Massachusetts, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 27.5% | 22.3% | 12.7% | 24.3% |
| Median rate spread, pp | 0.5 | 0.2 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 17.7% | 11.9% | 7.3% | 15.6% |
| Average originated loan | $433k | $432k | $310k | $329k |
| Home purchase share | 38.6% | 50.7% | 81.3% | 57.0% |
| FHA-insured share | 28.9% | 7.5% | 26.1% | 13.4% |
| VA-guaranteed share | 7.2% | 2.5% | 8.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMassachusetts, all lenders
Loan purpose and loan type in Massachusetts
By purpose
Home purchase 39% (32)Refinancing 11% (9)Cash-out refinancing 51% (42)
By type
Conventional 64% (53)FHA 29% (24)VA 7% (6)
Denial reasons as coded
Share of 33 denials in Massachusetts by first denial reason coded (outlined bar: all lenders in the state).
Counties in Massachusetts
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Middlesex County | 35 | 15 | $7.6m | — |
| Plymouth County | 27 | 13 | $6.3m | — |
| Worcester County | 25 | 9 | $3.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in Massachusetts in 2024?
83 loans totalling $36m, from 199 applications reported for properties in Massachusetts.
What is Lower, LLC's denial rate in Massachusetts?
27.5% of decided applications in Massachusetts were denied, against 22.3% for all lenders in the state and 12.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Massachusetts counties does Lower, LLC lend in most?
By originations: Middlesex County (15), Plymouth County (13), Worcester County (9).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Massachusetts. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.