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 Refi, Other, and Home Purchase loans. Massmutual has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Hartford, Boston, Charlotte, and Barnstable Town among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)Massmutual has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
283Origination Dollar Volume (All Markets)
$56,435,000Top 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) | 138 | $23,810,000 | $172,536 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 48 | $8,320,000 | $173,333 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 11 | $3,285,000 | $298,636 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 9 | $2,765,000 | $307,222 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 7 | $1,795,000 | $256,429 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $1,325,000 | $265,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $690,000 | $345,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Barre, VT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 283 | $56,435,000 | $199,417 | $0 | 0.00% |
For 2020, Massmutual's most frequently originated type of loan was Conventional, with 283 originations.
Loan Reason
For 2020, Massmutual's most frequently cited loan purpose was Refi, with 164 originations. The 2nd most popular reason was Other, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 283 | $56,435,000 | $199,417 | $0 | 0.00% |
For 2020, Massmutual's most frequently cited loan duration was Other, with 283 originations.
Loan Sizing
2020 saw Massmutual place emphasis on $200k-400k loans with 107 originations, totaling $29,935,000 in origination value.
Applicant Income
Massmutual lent most frequently to those with incomes in the $150k-250k range, with 96 originations. The second most popular income band? $100k-150k, with 78 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 283 | $56,435,000 | $199,417 | $0 | 0.00% |
Massmutual lent most frequently to those with DTI ratios of Exempt%, with 283 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.79%
Massmutual has an average approval rate.
Pick Rate
Approvals leading to origination97.53%
Massmutual has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 283 | $56,435,000 | $199,417 |