Members Mortgage Company Rates, Fees & Info

WINCHESTER, MA

LEI: 5493005HTCBH4TWCVM82

Tax ID: 04-3243815

5 stars - Updated: 7/7/25 - out of 5 stars, based on 20 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Members Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. Members Mortgage Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Springfield, Barnstable Town, Providence, and Concord among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Members Mortgage Company 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. Members Mortgage Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.43% 7/7/25
    30 Year Conventional Refi 6.33% 7/7/25
    30 Year Cash-out Refi 6.46% 7/7/25
    30 Year FHA Purchase 7.81% 7/7/25
    15 Year Conventional Purchase 5.87% 7/7/25
    15 Year Conventional Refi 5.74% 7/7/25
    15 Year Cash-out Refi 5.74% 7/7/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Members Mortgage Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Members Mortgage Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    412

    Origination Dollar Volume (All Markets)

    $150,330,000
    Show all (6) awards

    Relative Rate

    Members Mortgage Company's average 30 year fixed mortgage rate was 6.19%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.36%.

    Relative Fees (Closing Costs)

    Members Mortgage Company's average total fees/closing costs for a 30 year fixed rate mortgage were $3,712.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    Top 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
    Outside of Metro Areas 297 $98,365,000 $331,195 $3,586 6.09%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 61 $30,535,000 $500,574 $4,006 6.32%
    SPRINGFIELD, MA (FHA|USDA|VA) 26 $7,180,000 $276,154 $3,178 6.54%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 7 $4,085,000 $583,571 $3,812 6.25%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $1,900,000 $316,667 $4,447 6.42%
    Concord, NH (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $7,642 6.50%
    WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,365,000 $455,000 $3,189 6.04%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $1,295,000 $431,667 $3,335 6.13%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $7,000 5.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $805,000 $805,000 $6,331 5.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $585,000 $585,000 $6,720 6.38%
    Keene, NH (FHA|USDA|VA) 2 $570,000 $285,000 $3,004 6.37%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $295,000 $295,000 $5,039 6.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $255,000 $255,000 $5,502 6.50%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $205,000 $205,000 $2,960 5.38%
    Members Mortgage Company's top markets include Boston, Springfield, Barnstable Town, Providence, and Concord among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MEMBERS MORTGAGE COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 35
    Florence Bank
    Similarity Rank: 48
    OCEAN STATE CREDIT UNION
    Similarity Rank: 63
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 70
    SOMERSET
    Similarity Rank: 72
    POLISH NATIONAL
    Similarity Rank: 77
    Greenfield Savings Bank
    Similarity Rank: 80
    LUSO
    Similarity Rank: 96
    Liberty Bank
    Similarity Rank: 99
    Piscataqua Savings Bank
    Similarity Rank: 100

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 409 $149,455,000 $365,416 $3,627 6.16%
    FHA 3 $875,000 $291,667 $9,541 6.75%

    For 2024, Members Mortgage Company's most frequently originated type of loan was Conventional, with 409 originations. Their 2nd most popular type was FHA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 316 $120,430,000 $381,108 $3,820 6.16%
    Cash Out Refi 54 $16,100,000 $298,148 $3,387 6.19%
    Refi 28 $10,510,000 $375,357 $2,889 6.11%
    Home Improvement 8 $1,890,000 $236,250 $3,025 6.14%
    Other 6 $1,400,000 $233,333 $2,853 6.50%

    For 2024, Members Mortgage Company's most frequently cited loan purpose was Home Purchase, with 316 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 372 $138,190,000 $371,478 $3,712 6.19%
    15 Year 21 $6,655,000 $316,905 $3,205 5.83%
    20 Year 13 $4,595,000 $353,462 $3,565 6.11%
    10 Year 6 $890,000 $148,333 $2,936 5.94%

    For 2024, Members Mortgage Company's most frequently cited loan duration was 30 Year, with 372 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 347 $129,865,000 $374,251
    $1k-2k 49 $15,115,000 $308,469
    $2k-3k 6 $1,310,000 $218,333
    $3k-4k 6 $2,060,000 $343,333
    $5k+ 4 $1,980,000 $495,000

    Members Mortgage Company's average total fees were $3,712, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 347 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 211 $71,185,000 $337,370
    5-6% 168 $66,920,000 $398,333
    7-8% 20 $5,790,000 $289,500
    4-5% 12 $5,400,000 $450,000
    Over 8% 1 $1,035,000 $1,035,000

    During 2024, Members Mortgage Company's average interest rate for loans was 6.19%, while their most frequently originated rate bucket for loans was 6-7%, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 201 $58,365,000 $290,373 $3,507 6.19%
    $400k-600k 96 $46,690,000 $486,354 $3,944 6.03%
    $100k-200k 64 $9,730,000 $152,031 $3,049 6.38%
    $600k-1MM 36 $24,770,000 $688,056 $4,261 5.95%
    $1MM+ 8 $10,210,000 $1,276,250 $7,709 6.34%
    $100,000 or less 7 $565,000 $80,714 $2,639 6.16%

    2024 saw Members Mortgage Company place emphasis on $200k-400k loans with 201 originations, totaling $58,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 144 $59,240,000 $411,389 $3,843 6.16%
    $100k-150k 106 $32,170,000 $303,491 $3,489 6.12%
    $250k+ 67 $37,645,000 $561,866 $4,044 6.07%
    $75k-100k 56 $14,240,000 $254,286 $3,581 6.23%
    $50k-75k 33 $6,385,000 $193,485 $3,031 6.37%
    $50k or less 6 $650,000 $108,333 $2,930 6.35%

    Members Mortgage Company lent most frequently to those with incomes in the $150k-250k range, with 144 originations. The second most popular income band? $100k-150k, with 106 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 101 $36,665,000 $363,020 $3,565 6.19%
    30-36% 75 $25,245,000 $336,600 $3,471 6.21%
    <20% 32 $11,680,000 $365,000 $3,452 6.02%
    42% 19 $6,565,000 $345,526 $3,529 6.14%
    47% 18 $7,890,000 $438,333 $3,642 6.18%
    43% 17 $5,335,000 $313,824 $3,589 6.03%
    45% 17 $5,375,000 $316,176 $3,938 6.33%
    40% 16 $5,880,000 $367,500 $3,647 6.08%
    36% 16 $6,340,000 $396,250 $3,902 6.27%
    37% 15 $5,255,000 $350,333 $3,642 6.03%
    44% 14 $4,870,000 $347,857 $3,723 6.13%
    39% 14 $5,560,000 $397,143 $3,485 5.94%
    46% 12 $4,890,000 $407,500 $3,595 6.36%
    38% 12 $3,410,000 $284,167 $3,273 6.19%
    48% 12 $7,050,000 $587,500 $4,719 6.03%
    41% 11 $3,745,000 $340,455 $3,851 5.99%
    49% 9 $4,025,000 $447,222 $4,946 6.44%
    50-60% 2 $550,000 $275,000 $9,227 7.00%

    Members Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 203 $71,355,000 $351,502 $3,599 6.22%
    Not provided 156 $58,980,000 $378,077 $3,761 6.19%
    Black 27 $9,425,000 $349,074 $3,624 6.00%
    Asian 22 $8,770,000 $398,636 $3,677 5.68%
    Asian Indian 3 $1,475,000 $491,667 $4,357 5.83%
    Other Pacific Islander 1 $325,000 $325,000 $3,124 6.50%

    Approval Rates

    Total approvals of all applications
    89.70%

    Members Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.50%

    Members Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 412 $150,330,000 $364,879

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    412 $150,330,000 $364,879

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $5,965,000 $220,926 $2,922 6.11%
    40-60% 66 $19,060,000 $288,788 $3,190 6.16%
    60-80% 151 $57,075,000 $377,980 $3,680 6.17%
    80-100% 159 $66,075,000 $415,566 $4,010 6.18%
    Over 100% 4 $1,360,000 $340,000 $3,778 5.65%
    Under 20% 5 $795,000 $159,000 $2,881 6.00%