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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Massachusetts

Fat Boy Data analyzed home improvement loan activity in Massachusetts to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 77,210 applications were decided by 350 lenders between 2023 and 2025.

Massachusetts at a glance

350Active lenders171 with 20+ decisions
67.4%Market approval rate52,048 of 77,210 decided
$105KTypical loanmedian lender, $10K brackets
95%Borrower take-up49,498 loans funded

How Massachusetts compares

Approval rate compared
Massachusetts67.4%All 616 counties62.7%
Typical loan compared
Massachusetts$105KAll 616 counties$75K

What the data shows

Citizens Bank, National Association made the most home improvement loans in Massachusetts, 7,318 of them.

METRO Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 93% of 1,116.

The typical home improvement loan here is $105K, 40% larger than the the United States typical of $75K.

No lender with a meaningful sample here has a typical home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%Discover Bank: 24% approved of 1,604Spring Eq, LLC: 35% approved of 426Pentagon Federal Credit Union: 44% approved of 211Manufacturers and Traders Trust Company: 45% approved of 1,542U.S. Bank National Association: 48% approved of 744Fourleaf: 48% approved of 190Bank of America, National Association: 49% approved of 7,494HarborOne Bank: 51% approved of 1,012PNC Bank, National Association: 56% approved of 528Rockland Trust Company: 59% approved of 4,326Third Federal Savings And Loan Association Of Cleveland: 61% approved of 321Citizens Bank, National Association: 62% approved of 12,242I-C Federal Credit Union: 62% approved of 205TD Bank, National Association: 62% approved of 3,029Eastern Bank: 64% approved of 4,832Navy Federal Credit Union: 66% approved of 733Webster First Federal Credit Union: 66% approved of 525Freedom Credit Union: 66% approved of 257Fall River Five Cents Savings Bank: 66% approved of 644Berkshire Bank: 67% approved of 607Figure Lending LLC: 67% approved of 1,036MASS BAY Credit Union: 68% approved of 249Webster Bank, National Association: 68% approved of 412Beacon Bank And Trust: 70% approved of 635The Washington Trust Company, of Westerly: 71% approved of 208First Technology: 71% approved of 2,941Service Federal Credit Union: 72% approved of 218Guaranteed Rate, Inc.: 72% approved of 262Direct Federal Credit Union: 73% approved of 610Align Credit Union: 73% approved of 499UniBank for Savings: 75% approved of 307COASTAL1 Credit Union: 75% approved of 337Jeanne D'Arc Credit Union: 75% approved of 590St. Anne's Credit Union: 75% approved of 510Salem Five Cents Savings Bank: 77% approved of 1,070Nationstar Mortgage LLC: 77% approved of 227All One: 78% approved of 828PeoplesBank: 78% approved of 691Cambridge Savings Bank: 78% approved of 399Cornerstone Bank: 79% approved of 515Fidelity Co-operative Bank: 79% approved of 465Polish N.A.tional Credit Union: 81% approved of 332Country Bank for Savings: 82% approved of 525BayCoast Bank: 82% approved of 487SHARON & CRESCENT UNITED Credit Union: 82% approved of 470The Cape Cod Five Cents Savings Bank: 83% approved of 1,519Hanscom: 84% approved of 1,199Greylock Federal Credit Union: 84% approved of 1,217Workers Federal Credit Union: 84% approved of 993St. Mary's Credit Union: 84% approved of 376Central One Federal Credit Union: 84% approved of 831ROCKLAND Federal Credit Union: 85% approved of 1,615Brightbridge Credit Union: 86% approved of 650Florence Bank: 86% approved of 321Umassfive College Federal Credit Union: 86% approved of 527Middlesex Savings Bank: 88% approved of 1,064Bankesb: 89% approved of 577Westfield Bank: 90% approved of 534Harvard University Employees Credit Union: 92% approved of 453METRO Credit Union: 93% approved of 1,116

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Massachusetts

LenderApprovalApprovedTaken upTypical loanLoans made
1Citizens Bank, National Association62%7,603 / 12,24296%$165K7,318
2Bank of America, National Association49%3,695 / 7,49498%$105K3,619
3Eastern Bank64%3,099 / 4,83290%$115K2,799
4Rockland Trust Company59%2,568 / 4,32692%$125K2,368
5TD Bank, National Association62%1,893 / 3,02998%$105K1,851

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 345 more lenders.

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Other lending data for Massachusetts

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Counties in Massachusetts

Middlesex CountyCountyWorcester CountyCountyEssex CountyCountySuffolk CountyCountyNorfolk CountyCountyBristol CountyCountyPlymouth CountyCountyHampden CountyCountyBarnstable CountyCountyHampshire CountyCountyBerkshire CountyCounty