Msa Mortgage Rates, Fees & Info
WINTHROP, MALEI: 549300CHBB3GN7JFXU86
Tax ID: 04-3554784
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Mortgage Data
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. Their top markets by origination volume include: Boston, Worcester, Crestview, Barre, and Providence among others. We have data for 34 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 an average 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.
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Originations
1,885Origination Dollar Volume (All Markets)
$782,205,000Awards
MSA MORTGAGE - 2021
MSA MORTGAGE is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 1,420 | $630,350,000 | $443,908 | $4,855 | 2.86% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 102 | $38,660,000 | $379,020 | $3,594 | 2.84% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 78 | $24,760,000 | $317,436 | $7,639 | 2.94% |
| Barre, VT (FHA|USDA|VA) | 84 | $21,950,000 | $261,310 | $4,269 | 2.87% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 50 | $18,100,000 | $362,000 | $4,484 | 2.87% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 24 | $8,610,000 | $358,750 | $8,060 | 2.82% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 15 | $5,455,000 | $363,667 | $3,412 | 2.72% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 19 | $5,235,000 | $275,526 | $3,753 | 3.03% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 12 | $4,920,000 | $410,000 | $3,531 | 2.95% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 15 | $4,635,000 | $309,000 | $4,308 | 2.91% |
| Outside of Metro Areas | 14 | $4,230,000 | $302,143 | $3,791 | 2.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 8 | $2,500,000 | $312,500 | $2,458 | 2.59% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,740,000 | $290,000 | $3,730 | 2.63% |
| Lebanon, NH-VT (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $3,814 | 3.30% |
| Rutland, VT (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $4,869 | 3.17% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $2,631 | 2.31% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $2,534 | 2.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,035,000 | $207,000 | $5,275 | 3.13% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,895 | 3.50% |
| PITTSFIELD, MA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,920 | 3.21% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,757 | 2.63% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,623 | 3.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,809 | 2.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $9,731 | 2.75% |
| Bennington, VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,433 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,920 | 2.88% |
| Concord, NH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,308 | 3.13% |
| Torrington, CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,260 | 3.38% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,650 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,272 | 2.75% |
| Keene, NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,325 | 4.38% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,826 | 3.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,639 | 2.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,978 | 4.00% |
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.
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Product Mix
For 2021, Msa Mortgage's most frequently originated type of loan was Conventional, with 1,628 originations. Their 2nd most popular type was FHA, with 199 originations.
Loan Reason
For 2021, Msa Mortgage's most frequently cited loan purpose was Home Purchase, with 852 originations. The 2nd most popular reason was Refi, with 697 originations.
Loan Duration/Length
For 2021, Msa Mortgage's most frequently cited loan duration was 30 Year, with 1,521 originations. The 2nd most popular length was 15 Year, with 219 originations.
Origination Fees/Closing Costs
Msa Mortgage's average total fees were $5,272, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,190 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 915 | $391,235,000 | $427,579 |
| 3-4% | 489 | $205,105,000 | $419,438 |
| <2.5% | 448 | $172,230,000 | $384,442 |
| 4-5% | 33 | $13,635,000 | $413,182 |
During 2021, Msa Mortgage's average interest rate for loans was 2.95%, while their most frequently originated rate bucket for loans was 2.5-3%, with 915 originations.
Loan Sizing
2021 saw Msa Mortgage place emphasis on $200k-400k loans with 770 originations, totaling $238,200,000 in origination value.
Applicant Income
Msa Mortgage lent most frequently to those with incomes in the $100k-150k range, with 548 originations. The second most popular income band? $150k-250k, with 391 originations.
Applicant Debt to Income Ratio
Msa Mortgage lent most frequently to those with DTI ratios of 20-30%, with 378 originations. The next most common DTI ratio? 30-36%, with 310 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.51%
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 origination80.95%
Msa Mortgage has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,885 | $782,205,000 | $414,963 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MCCUE MORTGAGE COMPANY, THE | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |