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Middlesex Savings Bank

NATICK, MA

Middlesex Savings Bank processed 784 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 643 loans with a 11.0% denial rate. Home Improvement was the primary loan purpose. Based in NATICK, MA. The approval rate of 82.0% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Middlesex Savings Bank's 82.0% origination rate tells you how often an application turned into funded money; the 11.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (784 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

784
Applications
643
Originated
11.0%
Denial Rate
$272,628
Avg Loan Amount
Avg Interest Rate: 7.560% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 784 643 86 $272,628

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Middlesex Savings Bank (LEI: VMDPCBOQ43W3PZTYZL93) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
66
Other
32
Credit history
24
Collateral
11
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 306 252 $187,320
Refinancing 185 148 $255,216
Home Purchase 177 148 $492,345
Other 114 93 $171,930
Cash-out Refinancing 2 2 $1,230,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 608 83.1% 10.4%
Asian * 40 72.5% 17.5%
Joint * 13 92.3% 0.0%
Black or African American * 12 75.0% 25.0%
2 or more minority races * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 629 83.8% 10.0%
Hispanic or Latino * 23 69.6% 21.7%
Joint * 11 72.7% 9.1%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in MA

Other HMDA-reporting lenders in MA with similar activity. Compare any two side-by-side.

Digital Federal Credit Union

Marlborough, MA

11,503 apps 4,232 originated 23.0% denied

Leader Bank NA

Arlington, MA

6,683 apps 5,398 originated 2.6% denied

Rockland Trust Bank

BROCKTON, MA

5,681 apps 2,932 originated 30.2% denied

Eastern Bank

Lynn, MA

5,146 apps 3,130 originated 29.4% denied

Cape Cod Five Cents Savings Bank

HYANNIS, MA

2,836 apps 2,014 originated 10.2% denied
Compare Middlesex Savings Bank vs Digital Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Middlesex Savings Bank process?
Middlesex Savings Bank processed 784 mortgage applications in the 2024 HMDA reporting year. Of these, 643 were originated (approved and funded), 43 were withdrawn by the applicant, and 86 were denied.
What is Middlesex Savings Bank's mortgage approval rate?
Middlesex Savings Bank has an approval (origination) rate of 82.0%, meaning 82.0% of all applications resulted in a funded mortgage. The denial rate is 11.0%.
What is the average loan amount at Middlesex Savings Bank?
The average mortgage loan amount at Middlesex Savings Bank is $272,628. The average interest rate is 7.560%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Middlesex Savings Bank?
The most common reasons for mortgage denial at Middlesex Savings Bank are: Debt-to-income ratio, Other, Credit history. In total, 86 applications were denied out of 784 total applications.
What types of mortgage loans does Middlesex Savings Bank offer?
Middlesex Savings Bank processes Conventional loans. The most common type is Conventional with 784 applications and an average loan amount of $272,628.
What loan purposes does Middlesex Savings Bank serve?
Middlesex Savings Bank serves the following loan purposes: Home Improvement (306 applications), Refinancing (185 applications), Home Purchase (177 applications), Other (114 applications), Cash-out Refinancing (2 applications). Home Improvement is the most common purpose.
Where is Middlesex Savings Bank located?
Middlesex Savings Bank is headquartered in NATICK, MA. The lender is identified by LEI VMDPCBOQ43W3PZTYZL93 in HMDA data.
How does Middlesex Savings Bank compare in lending across racial demographics?
Middlesex Savings Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 83.1% and denial rate of 10.4%; Asian applicants have an approval rate of 72.5% and denial rate of 17.5%; Joint applicants have an approval rate of 92.3% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.