Salem Five Cents Savings Bank
Salem Five Cents Savings Bank received 1,543 applications in 2025 and made 979 mortgages, in 34 counties across 5 states. The median rate its borrowers got was 5.990% on a median loan of $205,000. Of 1,253 decisions, 225 were denials — 18.0%, most often for debt-to-income ratio.
| Legal Entity Identifier | 5493006NTCY0P06JR884 |
|---|---|
| Applications received | 1,543 |
| Mortgages made | 979 |
| Denied | 225 |
| Approved, not taken up | 49 |
| Withdrawn or incomplete | 290 |
| Loans bought from other lenders | 696 |
| Median rate spread over the prime offer rate | -1.26 points |
| FDIC-insured bank | Yes: Salem Five Cents Savings Bank, 34 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 88 | 6.325% | $405,000 | 8.9% |
| Refinancing | 331 | 5.990% | $255,000 | 11.9% |
| Cash-out refinancing | 0 | Under 10 loans | Under 10 loans | Not published |
| Other purposes | 560 | 5.990% | $155,000 | 22.2% |
Where Salem Five Cents Savings Bank lends most
The 34 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Essex County, MA | 521 | 5.990% | 17.4% |
| Middlesex County, MA | 226 | 5.990% | 17.9% |
| Plymouth County, MA | 44 | 5.990% | 7.8% |
| Norfolk County, MA | 39 | 5.990% | 20.0% |
| Suffolk County, MA | 32 | 5.990% | 29.2% |
| Worcester County, MA | 24 | 5.990% | 25.7% |
| Rockingham County, NH | 24 | 5.990% | 24.3% |
| Bristol County, MA | 20 | 5.990% | 16.7% |
| Barnstable County, MA | 18 | 5.990% | 0.0% |
| Hillsborough County, NH | 8 | Under 10 loans | 25.0% |
| York County, ME | 7 | Under 10 loans | 12.5% |
| Hampden County, MA | 3 | Under 10 loans | 0.0% |
| Kennebec County, ME | 2 | Under 10 loans | 0.0% |
| Belknap County, NH | 2 | Under 10 loans | 0.0% |
| Carroll County, NH | 2 | Under 10 loans | 0.0% |
| Berkshire County, MA | 1 | Under 10 loans | 0.0% |
| Dukes County, MA | 1 | Under 10 loans | 50.0% |
| Hampshire County, MA | 1 | Under 10 loans | 0.0% |
| Strafford County, NH | 1 | Under 10 loans | 0.0% |
| Bristol County, RI | 1 | Under 10 loans | 50.0% |
| Kent County, RI | 1 | Under 10 loans | 0.0% |
| Newport County, RI | 1 | Under 10 loans | 0.0% |
| Monroe County, FL | 0 | Under 10 loans | Not published |
| Cumberland County, ME | 0 | Under 10 loans | Not published |
| Oxford County, ME | 0 | Under 10 loans | Not published |
| Waldo County, ME | 0 | Under 10 loans | Not published |
| Franklin County, MA | 0 | Under 10 loans | Not published |
| Cheshire County, NH | 0 | Under 10 loans | Not published |
| Coos County, NH | 0 | Under 10 loans | Not published |
| Grafton County, NH | 0 | Under 10 loans | 100.0% |
| Merrimack County, NH | 0 | Under 10 loans | Not published |
| Sullivan County, NH | 0 | Under 10 loans | Not published |
| Providence County, RI | 0 | Under 10 loans | 100.0% |
| Washington County, RI | 0 | Under 10 loans | Not published |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.