Needham Bank mortgage approval rate & lending review
Needham Bank decided 1,139 mortgage applications and funded 984 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Needham Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Needham Bank at a glance
Approval is 8.1 points above the 80.0% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 90% | 412 / 460 | 99% | $625K | 406 |
| Home improvement loans | 94% | 120 / 127 | 98% | $235K | 118 |
| Refinance | 83% | 332 / 400 | 98% | $425K | 327 |
| Investment property purchase | 95% | 80 / 84 | 99% | $865K | 79 |
| Investment refinance | 85% | 45 / 53 | 89% | $655K | 40 |
Needham Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 89% | $625K | 1,120 | 973 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Needham Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Norfolk County, MA | Refinance | 84% | 232 | 195 |
| Norfolk County, MA | Mortgage lenders | 93% | 186 | 169 |
| Middlesex County, MA | Mortgage lenders | 95% | 119 | 112 |
| Middlesex County, MA | Refinance | 85% | 103 | 86 |
| Norfolk County, MA | Home improvement loans | 97% | 74 | 71 |
| Suffolk County, MA | Mortgage lenders | 78% | 67 | 52 |
| Middlesex County, MA | Home improvement loans | 87% | 31 | 26 |
| Middlesex County, MA | Investment property purchase | 93% | 27 | 25 |
| Norfolk County, MA | Investment property purchase | 100% | 21 | 20 |
| Suffolk County, MA | Investment refinance | 90% | 21 | 15 |
The county markets where Needham Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Needham Bank
What is Needham Bank's mortgage approval rate?
Needham Bank approved 88.1% of the 1,139 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 8.1 points above the 80.0% national rate for the same mix of loan types.
How often do borrowers take the loan Needham Bank offers?
Borrowers accepted 98% of the loans Needham Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Needham Bank make?
The typical home purchase mortgage loan Needham Bank made was $625K; across all loan types its typical loan ran from $235K to $865K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Needham Bank lend?
Needham Bank decided applications in 9 of the states Fat Boy Data covers, most of them in Massachusetts, Florida and New Hampshire.
Can I apply to Needham Bank directly?
Yes. Needham Bank is a bank or credit union with 20 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Needham Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Needham Bank treats applications, then get a rate quote from the lender.