Lender profile · HMDA 2023–2025
Needham Bank mortgage approval rates & lending data
Needham Bank decided 1,139 mortgage applications and funded 984 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval 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 |
| Florida | 40% | $125K | 5 | 2 |
| New Hampshire | 80% | $365K | 5 | 4 |
| Connecticut | 33% | $355K | 3 | 1 |
| Rhode Island | 100% | $865K | 2 | 2 |
| Alabama | 100% | $315K | 1 | 1 |
| Colorado | 0% | — | 1 | 0 |
| Maine | 100% | $1M | 1 | 1 |
| Tennessee | 0% | — | 1 | 0 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.