Msa Mortgage Rates, Fees & Info

WINTHROP, MA

LEI: 549300CHBB3GN7JFXU86

Tax ID: 04-3554784

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Msa Mortgage is a smaller mortgage company specializing in Home Purchase and Refi loans. Msa Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Worcester, Barre, Providence, and Bridgeport among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Msa Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Msa Mortgage 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.


    Originations

    1,496

    Origination Dollar Volume (All Markets)

    $626,970,000
    Show all (12) awards

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1,171 $526,905,000 $449,962 $2,735 4.02%
    WORCESTER, MA-CT (FHA|USDA|VA) 82 $26,160,000 $319,024 $2,019 4.09%
    Barre, VT (FHA|USDA|VA) 89 $19,635,000 $220,618 $1,317 4.07%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 54 $16,930,000 $313,519 $1,987 3.78%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 10 $8,050,000 $805,000 $569 3.39%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 18 $6,120,000 $340,000 $1,601 3.88%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 13 $4,615,000 $355,000 $1,396 3.88%
    Outside of Metro Areas 11 $4,225,000 $384,091 $1,720 3.82%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 11 $3,815,000 $346,818 $1,823 3.92%
    Lebanon, NH-VT (FHA|USDA|VA) 7 $2,065,000 $295,000 $1,191 4.14%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $1,845,000 $263,571 $1,386 3.98%
    SPRINGFIELD, MA (FHA|USDA|VA) 7 $1,815,000 $259,286 $1,143 3.84%
    PITTSFIELD, MA (FHA|USDA|VA) 4 $1,100,000 $275,000 $654 3.63%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $1,095,000 $365,000 $825 3.58%
    Concord, NH (FHA|USDA|VA) 3 $925,000 $308,333 $830 3.75%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $455,000 $455,000 $1,145 3.50%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $315,000 $315,000 $1,220 4.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $295,000 $295,000 $857 3.50%
    Rutland, VT (FHA|USDA|VA) 1 $235,000 $235,000 $1,220 4.25%
    Keene, NH (FHA|USDA|VA) 1 $215,000 $215,000 $3,715 4.63%
    Laconia, NH (FHA|USDA|VA) 1 $155,000 $155,000 $1,295 4.13%
    Msa Mortgage's top markets include Boston, Worcester, Barre, Providence, and Bridgeport among others.

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

    • Similar Lenders

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

    Eglin Federal Credit Union
    Similarity Rank: 24
    SOMERSET
    Similarity Rank: 26
    Northfield Savings Bank
    Similarity Rank: 40
    The Torrington Savings Bank
    Similarity Rank: 45
    NEW ENGLAND FEDERAL CREDIT UNION
    Similarity Rank: 64
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    POLISH NATIONAL
    Similarity Rank: 104
    SIKORSKY FINANCIAL
    Similarity Rank: 115
    Rhode Island Credit Union
    Similarity Rank: 116
    Piscataqua Savings Bank
    Similarity Rank: 118

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,270 $519,880,000 $409,354 $1,510 4.03%
    FHA 209 $99,735,000 $477,201 $8,273 3.85%
    VA 16 $7,000,000 $437,500 $5,060 3.45%
    USDA 1 $355,000 $355,000 $970 4.00%

    For 2019, Msa Mortgage's most frequently originated type of loan was Conventional, with 1,270 originations. Their 2nd most popular type was FHA, with 209 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 883 $371,855,000 $421,127 $2,725 4.07%
    Refi 425 $184,335,000 $433,729 $2,158 3.80%
    Cash Out Refi 188 $70,780,000 $376,489 $2,149 4.15%

    For 2019, Msa Mortgage's most frequently cited loan purpose was Home Purchase, with 883 originations. The 2nd most popular reason was Refi, with 425 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,354 $577,100,000 $426,219 $2,605 4.04%
    15 Year 70 $23,890,000 $341,286 $1,244 3.43%
    20 Year 44 $15,110,000 $343,409 $1,428 3.89%
    Other 21 $8,865,000 $422,143 $1,970 4.05%
    10 Year 7 $2,005,000 $286,429 $1,086 3.32%

    For 2019, Msa Mortgage's most frequently cited loan duration was 30 Year, with 1,354 originations. The 2nd most popular length was 15 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 827 $339,725,000 $410,792
    $<1k 606 $258,470,000 $426,518
    $2k-3k 32 $14,500,000 $453,125
    $5k+ 10 $4,750,000 $475,000
    $3k-4k 8 $4,040,000 $505,000
    $4k-5k 5 $2,455,000 $491,000

    Msa Mortgage's average total fees were $2,605, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 827 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 935 $402,385,000 $430,358
    4-5% 499 $199,085,000 $398,968
    5-6% 43 $17,105,000 $397,791
    2.5-3% 17 $6,305,000 $370,882
    6-7% 1 $1,325,000 $1,325,000
    7-8% 1 $765,000 $765,000

    During 2019, Msa Mortgage's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 935 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 629 $196,985,000 $313,172 $1,835 4.01%
    $400k-600k 561 $269,075,000 $479,635 $2,941 3.96%
    $600k-1MM 174 $120,150,000 $690,517 $4,293 4.01%
    $100k-200k 94 $14,850,000 $157,979 $1,302 4.14%
    $100,000 or less 21 $1,625,000 $77,381 $1,396 4.20%
    $1MM+ 17 $24,285,000 $1,428,529 $1,446 4.07%

    2019 saw Msa Mortgage place emphasis on $200k-400k loans with 629 originations, totaling $196,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 406 $173,670,000 $427,759 $2,694 4.03%
    $150k-250k 365 $163,105,000 $446,863 $1,663 3.98%
    $75k-100k 289 $108,045,000 $373,858 $3,142 3.97%
    $50k-75k 207 $61,295,000 $296,111 $2,282 4.10%
    $250k+ 156 $94,720,000 $607,179 $1,538 3.99%
    $50k or less 73 $26,135,000 $358,014 $5,546 3.84%

    Msa Mortgage lent most frequently to those with incomes in the $100k-150k range, with 406 originations. The second most popular income band? $150k-250k, with 365 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 302 $124,040,000 $410,728 $1,416 3.91%
    30-36% 244 $101,760,000 $417,049 $1,571 4.01%
    <20% 124 $57,050,000 $460,081 $3,730 3.82%
    50-60% 91 $43,175,000 $474,451 $7,936 3.91%
    49% 74 $29,940,000 $404,595 $3,082 4.24%
    44% 69 $26,245,000 $380,362 $2,332 4.11%
    42% 60 $27,890,000 $464,833 $1,646 4.08%
    43% 57 $21,465,000 $376,579 $2,402 4.11%
    48% 57 $21,885,000 $383,947 $2,909 4.12%
    39% 54 $22,190,000 $410,926 $2,355 3.94%
    40% 51 $22,085,000 $433,039 $1,857 4.02%
    37% 49 $22,745,000 $464,184 $1,488 4.01%
    45% 48 $18,320,000 $381,667 $2,822 4.18%
    41% 48 $19,520,000 $406,667 $2,055 4.07%
    38% 47 $20,265,000 $431,170 $1,771 4.06%
    47% 44 $17,920,000 $407,273 $3,673 4.08%
    46% 41 $15,705,000 $383,049 $3,039 4.03%
    36% 36 $14,770,000 $410,278 $1,260 3.98%

    Msa Mortgage lent most frequently to those with DTI ratios of 20-30%, with 302 originations. The next most common DTI ratio? 30-36%, with 244 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,108 $460,510,000 $415,623 $2,760 4.02%
    Not provided 304 $129,210,000 $425,033 $1,666 3.96%
    Asian 55 $25,965,000 $472,091 $1,494 3.96%
    Black 20 $7,440,000 $372,000 $3,710 4.04%
    Asian Indian 4 $1,710,000 $427,500 $695 3.88%
    Chinese 4 $1,620,000 $405,000 $670 3.97%
    Native Hawaiian or Islander 1 $515,000 $515,000 $2,485 5.13%

    Approval Rates

    Total approvals of all applications
    98.67%

    Msa Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    81.15%

    Msa Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,496 $626,970,000 $419,098

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,496 $626,970,000 $419,098

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $6,655,000 $229,483 $1,325 3.96%
    40-60% 174 $61,580,000 $353,908 $1,479 3.86%
    60-80% 558 $246,210,000 $441,237 $1,442 4.04%
    80-100% 726 $310,870,000 $428,196 $3,569 4.01%
    Over 100% 3 $915,000 $305,000 $7,802 3.79%
    Under 20% 6 $740,000 $123,333 $1,738 3.83%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    MCCUE MORTGAGE COMPANY, THE Conventional home mortgage Trouble during payment process 1 100.0%