Northern Bank & Trust Company Mortgage Lending & HMDA Data, 2025
In 2025, Northern Bank & Trust Company of Woburn, MA reported 326 mortgage applications totaling $249.8 million, up 49% from 2024. The average application was for $766,380, and applicants reported an average income of $334,015. 66% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (200), Boston, MA (29) and Worcester, MA-CT (11) (applications in parentheses).
| Mortgage Company & Address | Northern Bank & Trust Company 275 Mishawum Road Woburn, MA 01801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 326 |
| Total Mortgage Loan Application Amount | $249,840,000 |
| Average Mortgage Loan Application Amount | $766,380 |
| Highest Mortgage Loan Application Amount | $15,005,000 |
| Average Applicant Income | $334,015 |
| Highest Applicant Income | $3,235,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Northern Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex, Massachusetts | 181 | $ 112,125,000 | $ 619,475 | $ 332,000 |
| Essex, Massachusetts | 19 | $ 16,285,000 | $ 857,105 | $ 305,000 |
| Suffolk, Massachusetts | 15 | $ 38,005,000 | $ 2,533,666 | $ 712,000 |
| Norfolk, Massachusetts | 11 | $ 24,145,000 | $ 2,195,000 | $ 891,000 |
| Worcester, Massachusetts | 11 | $ 5,115,000 | $ 465,000 | $ 212,000 |
| Hillsborough, New Hampshire | 9 | $ 3,245,000 | $ 360,555 | $ 110,000 |
| Barnstable, Massachusetts | 5 | $ 3,875,000 | $ 775,000 | $ 258,000 |
| Rockingham, New Hampshire | 5 | $ 1,295,000 | $ 259,000 | $ 182,000 |
| Plymouth, Massachusetts | 3 | $ 1,265,000 | $ 421,666 | $ 227,000 |
| Nantucket, Massachusetts | 2 | $ 3,630,000 | $ 1,815,000 | $ 816,000 |
| Belknap, New Hampshire | 2 | $ 660,000 | $ 330,000 | $ 463,000 |
| Carroll, New Hampshire | 2 | $ 1,460,000 | $ 730,000 | $ 895,000 |
| Merrimack, New Hampshire | 2 | $ 1,960,000 | $ 980,000 | $ 888,000 |
| Collier, Florida | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Oxford, Maine | 1 | $ 245,000 | $ 245,000 | $ 270,000 |
| Bristol, Massachusetts | 1 | $ 465,000 | $ 465,000 | $ 345,000 |
| Dukes, Massachusetts | 1 | $ 2,805,000 | $ 2,805,000 | $ 649,000 |
| Hampden, Massachusetts | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Madison, Montana | 1 | $ 625,000 | $ 625,000 | $ 192,000 |
| Cheshire, New Hampshire | 1 | $ 475,000 | $ 475,000 | $ 130,000 |
| Grafton, New Hampshire | 1 | $ 165,000 | $ 165,000 | $ 142,000 |
| Lamoille, Vermont | 1 | $ 1,005,000 | $ 1,005,000 | $ 2,144,000 |
Mortgage Loan Application Detail Totals for Northern Bank & Trust Company in 2025
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 154 | $138,290,000 | $897,000 | $15,005,000 | $347,000 | $2,164,000 |
| Home Improvement | 65 | $27,995,000 | $430,000 | $13,885,000 | $248,000 | $3,063,000 |
| Cash-out Refinancing | 57 | $29,485,000 | $517,000 | $4,355,000 | $421,000 | $2,532,000 |
| Other Purpose | 28 | $7,700,000 | $275,000 | $1,065,000 | $418,000 | $3,235,000 |
| Refinancing | 22 | $46,370,000 | $2,107,000 | $12,885,000 | $165,000 | $379,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 250 | $154,650,000 | $618,000 | $15,005,000 | $373,000 | $3,235,000 |
| Asian | 30 | $18,220,000 | $607,000 | $2,805,000 | $205,000 | $730,000 |
| Not applicable | 20 | $67,480,000 | $3,374,000 | $13,885,000 | $0 | $0 |
| Not Provided | 12 | $3,650,000 | $304,000 | $805,000 | $184,000 | $413,000 |
| Black or African American | 8 | $4,080,000 | $510,000 | $1,505,000 | $145,000 | $302,000 |
| Hispanic | 6 | $1,760,000 | $293,000 | $655,000 | $176,000 | $371,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 326 | $249,840,000 | $766,000 | $15,005,000 | $340,000 | $3,235,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 216 | $172,220,000 | $797,000 | $15,005,000 | $340,000 | $3,235,000 |
| Preapproval Approved but not Accepted | 48 | $30,070,000 | $626,000 | $1,205,000 | $206,000 | $493,000 |
| Application Denied By Financial Institution | 25 | $19,385,000 | $775,000 | $4,355,000 | $497,000 | $2,437,000 |
| Application Withdrawn By Applicant | 21 | $18,975,000 | $903,000 | $4,105,000 | $458,000 | $2,164,000 |
| Application Approved But Not Accepted | 10 | $7,920,000 | $792,000 | $2,505,000 | $485,000 | $2,163,000 |
| File Closed For Incompleteness | 4 | $640,000 | $160,000 | $255,000 | $211,000 | $347,000 |
| Preapproval Denied by Financial Institution | 2 | $630,000 | $315,000 | $435,000 | $136,000 | $212,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 299 | $229,825,000 | $768,000 | $15,005,000 | $327,000 | $3,235,000 |
| Debt-To-Income Ratio | 12 | $4,050,000 | $337,000 | $865,000 | $127,000 | $310,000 |
| Credit Application Incomplete | 5 | $1,305,000 | $261,000 | $665,000 | $227,000 | $505,000 |
| Collateral | 4 | $8,640,000 | $2,160,000 | $4,125,000 | $1,637,000 | $2,058,000 |
| Other | 3 | $5,295,000 | $1,765,000 | $4,355,000 | $978,000 | $2,437,000 |
| Credit History | 2 | $470,000 | $235,000 | $435,000 | $60,000 | $60,000 |
| Employment History | 1 | $255,000 | $255,000 | $255,000 | $10,000 | $10,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Northern Bank & Trust Company's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Northern Bank & Trust Company's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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