Middlesex Federal Savings F.a. Mortgage Rates, Fees & InfoSomerville, MA
Tax ID: 04-1618915
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMiddlesex Federal Savings F.a. is a smaller mortgage company specializing in Home Purchase and Refi loans. Middlesex Federal Savings F.a. has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Laconia, Barnstable Town, Worcester, and Keene among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)
Middlesex Federal Savings F.a. 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.
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.
Origination Dollar Volume (All Markets)$101,665,000
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)||90||$94,120,000||$1,045,778||$0||0.00%|
|Outside of Metro Areas||1||$3,005,000||$3,005,000||$0||0.00%|
|Laconia, NH (FHA|USDA|VA)||2||$2,080,000||$1,040,000||$0||0.00%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||1||$945,000||$945,000||$0||0.00%|
|WORCESTER, MA-CT (FHA|USDA|VA)||2||$890,000||$445,000||$0||0.00%|
|Keene, NH (FHA|USDA|VA)||1||$625,000||$625,000||$0||0.00%|
We use machine learning to identify the top lenders compared against Middlesex Federal Savings F.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 268
Similarity Rank: 474
Similarity Rank: 526
Similarity Rank: 560
Similarity Rank: 576
Similarity Rank: 789
Similarity Rank: 820
Similarity Rank: 900
Similarity Rank: 945
Similarity Rank: 956
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Middlesex Federal Savings F.a.'s most frequently originated type of loan was Conventional, with 97 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||12||$4,780,000||$398,333||$0||0.00%|
For 2022, Middlesex Federal Savings F.a.'s most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 28 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Middlesex Federal Savings F.a.'s most frequently cited loan duration was Other, with 97 originations.
2022 saw Middlesex Federal Savings F.a. place emphasis on $1MM+ loans with 33 originations, totaling $67,735,000 in origination value.
Middlesex Federal Savings F.a. lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Middlesex Federal Savings F.a. lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Approval RatesTotal approvals of all applications
Middlesex Federal Savings F.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Middlesex Federal Savings F.a. has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|