Applications / Mortgage Analytics / Lenders / Massachusetts / Drew Mortgage Associates
Shrewsbury, MA · Non-bank lender · CFPB · 228 loans in 2025
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228
loans originated, 2025
262
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Drew Mortgage Associates, a Massachusetts non-bank lender, makes bigger loans than its peers and lends more to low- and moderate-income borrowers than most of them.
Its typical loan was $415,000, against $340,000 at similar lenders, which are non-bank lenders making between half and twice as many loans. That is larger than at about four in five of them. Conventional loans were 89.0% of its lending, against 81.9%, and loans insured by the Federal Housing Administration only 8.3%, against 14.2%.
Low- and moderate-income borrowers took 27.3% of its loans, against 20.1% at similar lenders, a higher share than at about three in four of them. A year earlier the figure was 16.8%. Its denial rate on home-purchase applications was 1.6%, against 2.5% at the typical peer.
It made 1,033 loans in 2020 and 954 in 2021, then fell to 198 in 2024. In 2025 its loans rose 15% to 228, close to the 18% of the typical peer. Purchases were 62.3% of its lending and refinances 37.3%.
It ranks 49 of 451 lenders in Worcester, with 0.5% of lending, and 147 of 664 in Boston-Cambridge-Newton. It has lent in both since 2009. It added Florida markets in 2017 but remains small there, ranking 568 of 854 in Orlando-Kissimmee-Sanford.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Drew Mortgage Associates took 262 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 62.3% · Refinance 37.3% · Home improvement 0.4%
Conventional 89.0% · FHA 8.3% · VA 2.6% · of 228 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 | 199 | 87.3% |
| New Hampshire | 16 | 7.0% |
| Florida | 6 | 2.6% |
| Maine | 4 | 1.8% |
| Rhode Island | 2 | 0.9% |
| Connecticut | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Worcester | 93 |
| Cambridge-Newton-Framingham | 78 |
| Boston | 12 |
| Springfield | 10 |
| Rockingham County-Strafford County | 8 |
| Manchester-Nashua | 5 |
| Barnstable Town | 4 |
| Providence-Warwick | 4 |
| Portland-South Portland | 3 |
| Orlando-Kissimmee-Sanford | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300GTJL0LGX444G33 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4184337 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 743128200 |
Established 15 August 1991. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: Drew Mortgage Associates's data.
Drew Mortgage Associates's data
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Drew Mortgage Associates 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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