Finance Atlas

Banking & Mortgage-Lending Access in Massachusetts

510 FDIC-insured institutions (91 currently active) are recorded in Massachusetts in FDIC BankFind. HMDA 2024 data report an overall mortgage application denial rate of 23.0% in Massachusetts.

FDIC data as of 2026 · HMDA data year 2024 · Last export: June 20, 2026

510
FDIC institutions (total)
91
Currently active
23.0%
Overall denial rate (HMDA 2024)
119,508
Loans originated (2024)
This page is a reference catalog of provenanced public data. It informs and compares; it does not recommend lenders and gives no financial advice. HMDA denial-rate figures are reported statistics and do not establish why rates differ across applicant groups. To verify a lender's FDIC status, use FDIC BankFind. To file a complaint, visit the CFPB. To find a HUD-approved housing counselor: HUD.gov.

How many FDIC-insured institutions are in Massachusetts?

FDIC BankFind records 510 FDIC-insured institutions (all historical) in Massachusetts, of which 91 are currently active. Counts include banks, savings banks, and other insured depository institutions across all charter classes.

Metric Count
Total FDIC-insured institutions (historical) 510
Currently active 91

Source: FDIC BankFind (src:fdic:bankfind:2026). Verify: https://banks.data.fdic.gov/

What types of banks are chartered in Massachusetts?

FDIC uses charter class codes to categorize insured depository institutions. The breakdown for Massachusetts:

Charter class Description Count
SI Savings institution (OTS-supervised) 205
NM State non-member bank (Fed non-member) 105
N National bank (OCC-chartered) 100
SM State member bank (Fed member) 43
SB Savings bank (state-chartered) 34
SL Savings institution (state-chartered S&L) 16
NC Non-deposit trust company 5
OI Other insured institution 2

Source: FDIC BankFind (src:fdic:bankfind:2026). Charter class labels per FDIC BankFind official definitions.

What was the mortgage application denial rate in Massachusetts? (HMDA 2024)

HMDA 2024 data report an overall mortgage application denial rate of 23.0% in Massachusetts. The table below shows reported denial rates by applicant race where available in the HMDA dataset.

Methodology note: HMDA captures race where the applicant chose to report it. Denial rates reflect all recorded denial reasons (credit history, DTI, collateral, etc.) and do not establish why rates differ across groups. These figures are descriptive FFIEC statistics, not findings of lending discrimination.
Applicant group (reported) Denial rate
Overall 23.0%
White applicants 20.8%
Black applicants 37.0%
Black/White denial rate ratio 1.78x

Source: FFIEC HMDA (src:ffiec:hmda:2024). Verify: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=MA

Mortgage origination volume in Massachusetts (2024)

HMDA 2024 data record 119,508 originated mortgage loans in Massachusetts , totaling $51.6B , with an average loan size of $431,402.

Metric Value
Originated loans (2024) 119,508
Total origination volume $51.6B
Average loan size $431,402

Source: FFIEC HMDA (src:ffiec:hmda:2024).

Sources & provenance

FDIC data — source id src:fdic:bankfind:2026, as of 2026. Verify via FDIC BankFind: https://banks.data.fdic.gov/

HMDA data — source id src:ffiec:hmda:2024, data year 2024. Verify via FFIEC Data Browser: https://ffiec.cfpb.gov/data-browser/data/2024?category=states&items=MA

Data exported June 20, 2026 · content hash ded0b2e2609a42d5 · machine-readable brief: /finance/states/ma/context.md

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