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Unibank for Savings

WHITINSVILLE, MA

Unibank for Savings processed 679 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 441 loans with a 14.0% denial rate. Home Purchase was the primary loan purpose. Based in WHITINSVILLE, MA. The approval rate of 64.9% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Unibank for Savings's 64.9% origination rate tells you how often an application turned into funded money; the 14.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (679 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.

679
Applications
441
Originated
14.0%
Denial Rate
$353,483
Avg Loan Amount
Avg Interest Rate: 6.824% Avg Applicant Income: $33,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 679 441 95 $353,483

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Unibank for Savings (LEI: 549300SIZ5KBISEZE503) · 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 Approval rates exclude withdrawn / incomplete applications.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
58
Credit history
32
Other
12
Collateral
8
Unverifiable information
4
Employment history
2
Mortgage insurance denied
1
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 331 226 $498,958
Cash-out Refinancing 111 78 $288,964
Home Improvement 104 59 $94,135
Other 97 49 $188,711
Refinancing 36 29 $408,056

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 530 64.7% 14.7%
Asian * 48 68.8% 6.3%
Black or African American * 14 50.0% 21.4%
Joint * 12 75.0% 16.7%
2 or more minority races * 2 50.0% 0.0%
American Indian or Alaska Native * 1 0.0% 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 557 65.3% 13.8%
Hispanic or Latino * 20 65.0% 15.0%
Joint * 14 64.3% 7.1%

* 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 Unibank for Savings vs Digital Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Unibank for Savings process?
Unibank for Savings processed 679 mortgage applications in the 2024 HMDA reporting year. Of these, 441 were originated (approved and funded), 72 were withdrawn by the applicant, and 95 were denied.
What is Unibank for Savings's mortgage approval rate?
Unibank for Savings has an approval (origination) rate of 64.9%, meaning 64.9% of all applications resulted in a funded mortgage. The denial rate is 14.0%.
What is the average loan amount at Unibank for Savings?
The average mortgage loan amount at Unibank for Savings is $353,483. The average interest rate is 6.824%. The average applicant income is $33,000.
What are the most common reasons for mortgage denial at Unibank for Savings?
The most common reasons for mortgage denial at Unibank for Savings are: Debt-to-income ratio, Credit history, Other. In total, 95 applications were denied out of 679 total applications.
What types of mortgage loans does Unibank for Savings offer?
Unibank for Savings processes Conventional loans. The most common type is Conventional with 679 applications and an average loan amount of $353,483.
What loan purposes does Unibank for Savings serve?
Unibank for Savings serves the following loan purposes: Home Purchase (331 applications), Cash-out Refinancing (111 applications), Home Improvement (104 applications), Other (97 applications), Refinancing (36 applications). Home Purchase is the most common purpose.
Where is Unibank for Savings located?
Unibank for Savings is headquartered in WHITINSVILLE, MA. The lender is identified by LEI 549300SIZ5KBISEZE503 in HMDA data.
How does Unibank for Savings compare in lending across racial demographics?
Unibank for Savings reports demographic lending data under HMDA requirements. White applicants have an approval rate of 64.7% and denial rate of 14.7%; Asian applicants have an approval rate of 68.8% and denial rate of 6.3%; Black or African American applicants have an approval rate of 50.0% and denial rate of 21.4%. 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.