The Savings Bank mortgage approval rate & lending review
The Savings Bank decided 410 mortgage applications and funded 379 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions The Savings Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
The Savings Bank at a glance
Approval is 16.4 points above the 78.5% 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 | 95% | 177 / 187 | 99% | $575K | 175 |
| Home improvement loans | 97% | 61 / 63 | 98% | $155K | 60 |
| Cash-out refinance | 90% | 62 / 69 | 100% | $175K | 62 |
| Investment property purchase | 100% | 38 / 38 | 92% | $555K | 35 |
The Savings Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 95% | $555K | 381 | 352 |
| New Hampshire | 97% | $485K | 29 | 27 |
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 The Savings Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Middlesex County, MA | Cash-out refinance | 87% | 39 | 34 |
| Middlesex County, MA | Home improvement loans | 100% | 28 | 27 |
| Essex County, MA | Home improvement loans | 93% | 28 | 26 |
| Essex County, MA | Cash-out refinance | 93% | 27 | 25 |
The county markets where The Savings Bank made the most loans. Each link opens that market with every lender ranked.
Questions about The Savings Bank
What is The Savings Bank's mortgage approval rate?
The Savings Bank approved 94.9% of the 410 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 16.4 points above the 78.5% national rate for the same mix of loan types.
How often do borrowers take the loan The Savings Bank offers?
Borrowers accepted 97% of the loans The Savings 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 The Savings Bank make?
The typical home purchase mortgage loan The Savings Bank made was $575K; across all loan types its typical loan ran from $155K to $575K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does The Savings Bank lend?
The Savings Bank decided applications in 2 of the states Fat Boy Data covers, most of them in Massachusetts and New Hampshire.
Can I apply to The Savings Bank directly?
Yes. The Savings Bank is a bank or credit union with 18 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show The Savings 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 The Savings Bank treats applications, then get a rate quote from the lender.