Salem Five Mortgage Company, LLC mortgage approval rate & lending review
Salem Five Mortgage Company, LLC decided 4,219 mortgage applications and funded 3,731 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Salem Five Mortgage Company, LLC reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to salemfive.com.
Salem Five Mortgage Company, LLC at a glance
Approval is 3.1 points above the 85.8% 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 | 89% | 3,063 / 3,427 | 100% | $485K | 3,048 |
| Home improvement loans | 83% | 29 / 35 | 100% | $425K | 29 |
| Cash-out refinance | 88% | 151 / 172 | 98% | $395K | 148 |
| Refinance | 85% | 221 / 260 | 100% | $495K | 220 |
| Investment property purchase | 88% | 251 / 286 | 100% | $405K | 251 |
Salem Five Mortgage Company, LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 89% | $485K | 3,876 | 3,428 |
| New Hampshire | 88% | $455K | 248 | 218 |
| Maine | 92% | $445K | 39 | 36 |
| Rhode Island | 95% | $415K | 37 | 35 |
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 Salem Five Mortgage Company, LLC lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Essex County, MA | Mortgage lenders | 90% | 1,088 | 972 |
| Middlesex County, MA | Mortgage lenders | 91% | 828 | 748 |
| Suffolk County, MA | Mortgage lenders | 83% | 359 | 298 |
| Worcester County, MA | Mortgage lenders | 91% | 302 | 275 |
| Plymouth County, MA | Mortgage lenders | 87% | 226 | 196 |
| Norfolk County, MA | Mortgage lenders | 87% | 203 | 175 |
| Bristol County, MA | Mortgage lenders | 93% | 98 | 90 |
| Rockingham County, NH | Mortgage lenders | 92% | 97 | 89 |
| Essex County, MA | Cash-out refinance | 88% | 84 | 73 |
| Essex County, MA | Refinance | 83% | 84 | 70 |
| Hillsborough County, NH | Mortgage lenders | 93% | 74 | 69 |
| Middlesex County, MA | Refinance | 87% | 77 | 67 |
The county markets where Salem Five Mortgage Company, LLC made the most loans. Each link opens that market with every lender ranked.
Questions about Salem Five Mortgage Company, LLC
What is Salem Five Mortgage Company, LLC's mortgage approval rate?
Salem Five Mortgage Company, LLC approved 88.9% of the 4,219 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 3.1 points above the 85.8% national rate for the same mix of loan types.
How often do borrowers take the loan Salem Five Mortgage Company, LLC offers?
Borrowers accepted 99% of the loans Salem Five Mortgage Company, LLC 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 Salem Five Mortgage Company, LLC make?
The typical home purchase mortgage loan Salem Five Mortgage Company, LLC made was $485K; across all loan types its typical loan ran from $395K to $495K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Salem Five Mortgage Company, LLC lend?
Salem Five Mortgage Company, LLC decided applications in 5 of the states Fat Boy Data covers, most of them in Massachusetts, New Hampshire and Maine.
Can I apply to Salem Five Mortgage Company, LLC directly?
Yes. Salem Five Mortgage Company, LLC reports as a direct lender that takes applications from borrowers. Its website is salemfive.com.
Does this page show Salem Five Mortgage Company, LLC'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 Salem Five Mortgage Company, LLC treats applications, then get a rate quote from the lender.