Lender profile · HMDA 2023–2025
Salem Five Cents Savings Bank mortgage approval rates & lending data
Salem Five Cents Savings Bank decided 2,282 mortgage applications and funded 1,755 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 | 88% | 111 / 126 | 89% | $205K | 99 |
| Home improvement loans | 77% | 870 / 1,132 | 92% | $145K | 803 |
| Refinance | 86% | 722 / 843 | 95% | $205K | 685 |
| Investment property purchase | 96% | 97 / 101 | 97% | $615K | 94 |
| Investment refinance | 93% | 56 / 60 | 98% | $435K | 55 |
Salem Five Cents Savings Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 82% | $205K | 2,170 | 1,669 |
| New Hampshire | 85% | $155K | 85 | 65 |
| Maine | 85% | $65K | 20 | 16 |
| Rhode Island | 86% | $55K | 7 | 5 |
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.