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Massachusetts mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Massachusetts, with all 14 counties.
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. Record year 2024.
Massachusetts had 195,186 HMDA-reported mortgage applications and 119,673 originations ($52bn) in 2024, from 383 lenders with at least 25 applications in the state.
The statewide denial rate was 22.3% (national 24.3%) and the median rate spread 0.2 percentage points (national 0.3). Originations ran at 43.0 per 1,000 households, against 48.0 nationally.
Originations in the state went from 177,957 in 2018 to 119,673 in 2024; the denial rate moved from 22.2% to 22.3%.
The most active lenders by originations were CBNA Year to Date (7,802), Rocket Mortgage (5,027) and Guaranteed Rate, Inc. (4,444).
Most active lenders in Massachusetts
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | CBNA Year to Date | 13,805 | 7,802 | $2.2bn | 35.2% | 0.4 |
| 2 | Rocket Mortgage | 6,595 | 5,027 | $1.6bn | 16.5% | 0.4 |
| 3 | Guaranteed Rate, Inc. | 6,645 | 4,444 | $2.4bn | 8.4% | 0.1 |
| 4 | Leader Bank NA | 5,196 | 4,371 | $2.3bn | 2.6% | -0.2 |
| 5 | United Wholesale Mortgage | 4,975 | 3,842 | $1.8bn | 12.6% | 0.3 |
| 6 | Crosscountry Mortgage, LLC | 4,537 | 3,233 | $1.8bn | 3.8% | 0.3 |
| 7 | Bank of America NA | 7,254 | 3,157 | $1.2bn | 41.9% | 0.8 |
| 8 | Eastern Bank | 4,738 | 2,876 | $971m | 31.3% | 1.7 |
| 9 | Rockland Trust Bank | 5,487 | 2,820 | $985m | 36.1% | -0.1 |
| 10 | Guild Mortgage Company | 3,192 | 2,301 | $928m | 7.4% | 0.3 |
| 11 | Fairway Independent Mort Corp | 2,780 | 2,100 | $887m | 7.2% | 0.3 |
| 12 | TD Bank | 3,871 | 2,037 | $703m | 34.0% | 0.4 |
| 13 | Cape Cod Five Cents Savings Bank | 2,834 | 2,012 | $743m | 12.3% | 0.5 |
| 14 | Digital Federal Credit Union | 4,411 | 1,935 | $402m | 38.1% | 0.4 |
| 15 | Movement Mortgage, LLC | 2,340 | 1,763 | $875m | 6.0% | 0.2 |
| 16 | CMG Mortgage Inc | 2,494 | 1,625 | $685m | 7.8% | 0.3 |
| 17 | Total Mortgage Services, LLC | 1,686 | 1,327 | $457m | 6.2% | 0.4 |
| 18 | Salem Five Mortgage Company LLC | 1,625 | 1,256 | $647m | 12.0% | 0.0 |
| 19 | M&T Bank | 2,038 | 1,241 | $697m | 30.1% | 0.0 |
| 20 | Loandepot.com, LLC | 2,091 | 1,206 | $464m | 25.4% | 0.3 |
| 21 | Rockland Federal Credit Union | 1,876 | 1,198 | $237m | 14.2% | -0.2 |
| 22 | Bankesb | 1,305 | 990 | $307m | 11.6% | -0.2 |
| 23 | Berkshire Bank | 1,423 | 973 | $562m | 19.4% | -0.5 |
| 24 | JPMorgan Chase Bank, NA | 1,492 | 952 | $876m | 13.4% | -0.1 |
| 25 | Newrez LLC | 2,865 | 951 | $314m | 39.4% | 0.7 |
| 26 | Us Bank, N.A. | 1,610 | 943 | $606m | 31.0% | -0.0 |
| 27 | Greylock Federal Credit Union | 1,260 | 879 | $130m | 13.5% | -0.0 |
| 28 | Cambridge Savings Bank | 1,137 | 877 | $463m | 9.9% | -0.3 |
| 29 | Nationstar Mortgage | 1,335 | 874 | $202m | 19.6% | 1.4 |
| 30 | New American Funding, LLC. | 2,039 | 850 | $315m | 23.6% | 0.6 |
| 31 | Workers Federal Credit Union | 1,266 | 831 | $146m | 20.5% | -0.1 |
| 32 | Pennymac Loan Services LLC | 1,697 | 812 | $312m | 23.5% | 0.3 |
| 33 | Fall River Five Cents Savings | 1,107 | 803 | $278m | 17.4% | -0.1 |
| 34 | Metro Credit Union | 1,259 | 779 | $200m | 14.2% | -0.2 |
| 35 | Salem Five Cents Savings Bank | 1,309 | 774 | $246m | 21.0% | -0.9 |
| 36 | Harborone Mortgage, LLC | 1,134 | 759 | $345m | 14.3% | 0.1 |
| 37 | Freedom Mortgage Corporation | 1,617 | 740 | $320m | 17.7% | 0.3 |
| 38 | Navy Federal Credit Union | 1,337 | 691 | $226m | 26.2% | 0.5 |
| 39 | Webster Bank, N.A. | 1,034 | 677 | $522m | 18.6% | 0.1 |
| 40 | Jeanne D'Arc Credit Union | 913 | 675 | $237m | 16.0% | 0.3 |
| 41 | Westfield Bank | 882 | 667 | $134m | 8.3% | 0.2 |
| 42 | Guaranteed Rate Affinity, LLC | 950 | 664 | $341m | 7.4% | 0.2 |
| 43 | All One Credit Union | 913 | 642 | $97m | 19.0% | — |
| 44 | Middlesex Savings Bank | 783 | 642 | $175m | 11.7% | -0.2 |
| 45 | Hanscom Federal Credit Union | 1,156 | 634 | $126m | 36.8% | 0.4 |
| 46 | Baycoast Mortgage Company, LLC | 823 | 610 | $263m | 4.7% | 0.0 |
| 47 | Discover Bank | 4,375 | 605 | $60m | 78.2% | 2.2 |
| 48 | Radius Financial Group Inc | 740 | 594 | $270m | 3.9% | 0.5 |
| 49 | Merrimack Valley Credit Union | 801 | 582 | $173m | 12.7% | 0.3 |
| 50 | PeoplesBank | 835 | 552 | $144m | 14.5% | -0.1 |
| 51 | Central One Federal Credit Union | 779 | 550 | $107m | 16.4% | -0.6 |
| 52 | Msa Mortgage, LLC | 717 | 539 | $305m | 9.1% | — |
| 53 | Mutual of Omaha Mortgage | 907 | 510 | $219m | 29.8% | 0.1 |
| 54 | Figure Lending LLC | 1,195 | 496 | $39m | 32.9% | 3.7 |
| 55 | Mortgage Research Center | 1,169 | 492 | $220m | 33.3% | -0.1 |
| 56 | Country Bank for Savings | 698 | 489 | $113m | 17.1% | 0.3 |
| 57 | Florence Bank | 708 | 474 | $108m | 16.9% | -0.8 |
| 58 | Needham Bank | 706 | 456 | $244m | 16.7% | -0.1 |
| 59 | EMM Loans LLC | 569 | 439 | $212m | 3.4% | 0.4 |
| 60 | Mortgage Equity Partners LLC | 562 | 431 | $174m | 7.4% | 0.3 |
Top 60 of 383 lenders with at least 25 applications in the state, by originations. 234 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Massachusetts | United States |
|---|---|---|
| Denial rate | 22.3% | 24.3% |
| Median rate spread, pp | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 11.9% | 15.6% |
| Average originated loan | $432k | $329k |
| Originations per 1,000 households | 43.0 | 48.0 |
| Home purchase share of originations | 50.7% | 57.0% |
| FHA-insured share | 7.5% | 13.4% |
| VA-guaranteed share | 2.5% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
MassachusettsUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 277,467 | 177,957 | $60bn | 22.2% | 8.0% | 2.7% | 32.5% |
| 2019 | 329,214 | 218,237 | $80bn | 18.7% | 8.3% | 3.4% | 46.6% |
| 2020 | 504,000 | 346,787 | $132bn | 13.1% | 5.6% | 3.6% | 67.3% |
| 2021 | 499,900 | 346,167 | $139bn | 13.4% | 5.9% | 3.2% | 63.6% |
| 2022 | 278,630 | 178,121 | $78bn | 19.2% | 6.3% | 2.1% | 32.3% |
| 2023 | 182,317 | 111,655 | $45bn | 22.7% | 7.4% | 2.0% | 20.1% |
| 2024 | 195,186 | 119,673 | $52bn | 22.3% | 7.5% | 2.5% | 24.8% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 51% (60,686)Home improvement 14% (17,275)Refinancing 14% (16,548)Cash-out refinancing 11% (13,101)Other purpose 10% (12,058)
By type
Conventional 90% (107,487)FHA 8% (9,022)VA 3% (3,049)USDA 0% (115)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Middlesex County | 39,388 | 25,065 | 39.5 | 19.6% | 0.1 | 174 |
| Worcester County | 27,759 | 16,977 | 50.6 | 22.1% | 0.3 | 142 |
| Essex County | 22,452 | 13,631 | 43.5 | 24.0% | 0.3 | 116 |
| Norfolk County | 19,707 | 12,262 | 43.3 | 21.6% | 0.1 | 107 |
| Plymouth County | 19,003 | 11,278 | 55.5 | 25.1% | 0.2 | 110 |
| Bristol County | 16,758 | 10,046 | 43.0 | 24.6% | 0.3 | 95 |
| Hampden County | 13,829 | 8,403 | 45.6 | 22.6% | 0.4 | 80 |
| Suffolk County | 14,386 | 8,319 | 25.4 | 25.1% | 0.1 | 86 |
| Barnstable County | 10,296 | 6,517 | 61.6 | 20.8% | 0.3 | 61 |
| Berkshire County | 4,028 | 2,531 | 44.0 | 18.8% | 0.2 | 23 |
| Hampshire County | 3,656 | 2,349 | 37.8 | 17.7% | 0.1 | 30 |
| Franklin County | 1,830 | 1,111 | 35.2 | 20.2% | 0.3 | 22 |
| Dukes County | 859 | 486 | 64.1 | 25.8% | 0.2 | 6 |
| Nantucket County | 652 | 369 | 70.3 | 25.5% | 0.2 | 4 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Massachusetts originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Massachusetts?
By 2024 originations: CBNA Year to Date (7,802), Rocket Mortgage (5,027), Guaranteed Rate, Inc. (4,444), Leader Bank NA (4,371), United Wholesale Mortgage (3,842). 383 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Massachusetts?
22.3% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Massachusetts changed since 2018?
Originations went from 177,957 in 2018 to 119,673 in 2024; the denial rate moved from 22.2% to 22.3%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.