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 and Home Purchase loans. Massmutual has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Hartford, Barnstable Town, Charlotte, and New York among others. We have data for 32 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
142Origination Dollar Volume (All Markets)
$25,110,000Top 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) | 68 | $10,280,000 | $151,176 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 31 | $4,665,000 | $150,484 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Barre, VT (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Keene, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 142 | $25,110,000 | $176,831 | $0 | 0.00% |
For 2021, Massmutual's most frequently originated type of loan was Conventional, with 142 originations.
Loan Reason
For 2021, Massmutual's most frequently cited loan purpose was Refi, with 84 originations. The 2nd most popular reason was Home Purchase, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 142 | $25,110,000 | $176,831 | $0 | 0.00% |
For 2021, Massmutual's most frequently cited loan duration was Other, with 142 originations.
Loan Sizing
2021 saw Massmutual place emphasis on $100k-200k loans with 53 originations, totaling $8,115,000 in origination value.
Applicant Income
Massmutual lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 142 | $25,110,000 | $176,831 | $0 | 0.00% |
Massmutual lent most frequently to those with DTI ratios of Exempt%, with 142 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.25%
Massmutual has an average approval rate.
Pick Rate
Approvals leading to origination92.96%
Massmutual has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 142 | $25,110,000 | $176,831 |