Massmutual Mortgage Rates, Fees & Info
Springfield, MALEI: 549300217ZPIHWEYT887
Tax ID: 04-6051174
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Mortgage Data
Review & Overview
Massmutual is a smaller mortgage company specializing in Home Purchase and NA loans. Massmutual has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Hartford, Charlotte, Miami, and Nashville among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Massmutual has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
104Origination Dollar Volume (All Markets)
$16,950,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SPRINGFIELD, MA (FHA|USDA|VA) | 57 | $8,655,000 | $151,842 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 22 | $2,870,000 | $130,455 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $475,000 | $475,000 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 104 | $16,950,000 | $162,981 | $0 | 0.00% |
For 2018, Massmutual's most frequently originated type of loan was Conventional, with 104 originations.
Loan Reason
For 2018, Massmutual's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was NA, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $16,950,000 | $162,981 | $0 | 0.00% |
For 2018, Massmutual's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2018 saw Massmutual place emphasis on $100,000 or less loans with 36 originations, totaling $1,780,000 in origination value.
Applicant Income
Massmutual lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $16,950,000 | $162,981 | $0 | 0.00% |
Massmutual lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.57%
Massmutual has a below average approval rate.
Pick Rate
Approvals leading to origination87.50%
Massmutual has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $16,950,000 | $162,981 |