Applications / Mortgage Analytics / Lenders / Massachusetts / Washington Savings Bank
Lowell, MA · State member bank · FRS · $306 million assets · 49 loans in 2025
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49
loans originated, 2025
71
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Washington Savings Bank, a small Massachusetts lender, makes loans more than twice the size of its peers' and lends far more often than they do in poorer neighborhoods.
Its typical loan in 2025 was $455,000, against $180,000 at similar lenders, meaning state member banks making between half and twice as many loans. That is larger than about four in five of them. The size does not come from very large loans: its share of jumbo loans (larger than the conforming limit) was 2.7%, the same as its peers'. Just over half its loans were for home purchase.
It made 34.7% of its loans in low- and moderate-income (LMI) neighborhoods, against 17.6% at similar lenders, a higher share than nearly nine in ten of them. That share was much the same, 35.9%, in 2020. It also made 22.4% of its loans in majority-minority neighborhoods, against 7.2% for its peers.
The bank made 49 loans in 2025, up 20% from 41, while similar lenders grew 6%. That is still well below the 165 it made in 2018 and the 298 of 2020. All its loans are conventional, with none backed by the government.
It first reported in 1992 and has lent in Boston-Cambridge-Newton since then, where Citizens Bank leads. It also lends in Manchester-Nashua, Worcester and Barnstable Town, but with 49 loans its share of each market is too small to read much into.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Washington Savings Bank took 71 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 55.1% · Refinance 30.6% · Home improvement 10.2% · Other 4.1%
Conventional 100.0% · of 49 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 38 | 77.6% |
| New Hampshire | 11 | 22.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 36 |
| Manchester-Nashua | 6 |
| Rockingham County-Strafford County | 3 |
| Barnstable Town | 1 |
| Worcester | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900ZT04J7Z9KHMJ73 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 654300 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390229 | 1992–2011 |
| Respondent ID (the HMDA filer code before 2018) | 2654300 | 2012–2017 |
Established 6 April 1892. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Washington Savings Bank's data.
Washington Savings Bank's data
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Washington Savings Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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