PITTSFIELD Mortgage Rates
30 Year Fixed Rate mortgages in Pittsfield averaged
5.55%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.22% and
one month ago for the week of 2022-04-07, the
average rate was 5.07%.
Pittsfield's average rate one year ago was 3.26%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.71%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Pittsfield 30 Year Fixed Rate | 2022-05-12 | 5.55% |
| Pittsfield 30 Year Fixed Rate Refi | 2022-05-12 | 5.71% |
| Pittsfield 15 Year Fixed Rate | 2022-05-12 | 4.78% |
| Pittsfield 15 Year Fixed Rate Refi | 2022-05-12 | 4.66% |
| Pittsfield 30 Year FHA | 2022-05-12 | 5.59% |
| Pittsfield 30 Year FHA Refi | 2022-05-12 | 5.53% |
| Pittsfield 30 Year USDA | 2022-05-12 | 6% |
| Pittsfield 30 Year USDA Refi | 2022-05-12 | 5.43% |
| Pittsfield 30 Year VA | 2022-05-12 | 5.37% |
| Pittsfield 30 Year VA Refi | 2022-05-12 | 5.01% |
PITTSFIELD Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the PITTSFIELD, MA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
PITTSFIELD, MA's 160 lenders originated 4,494
loans during 2021. The total origination value was $1,125,630,000, with an average loan value of
$250,474.
The top PITTSFIELD lender as defined by loan originations is Adams Community Bank, with
366 loans originated. Their average total fees are
$2,972, which is $5
higher than the next largest lender,
GREYLOCK.
The lowest fee PITTSFIELD lenders (with over 10 loans originated) are
TrustCo Bank ($1,749), GREYLOCK ($2,967), Adams Community Bank ($2,972), TD Bank ($3,573) and Berkshire Bank ($3,622).
The lowest rate PITTSFIELD lenders (with over 10 loans originated) are
Bank of America (2.54%), AMERISAVE MORTGAGE CORPORATION (2.66%), Leader Bank (2.75%), Citibank (2.76%) and TD Bank (2.82%).
PITTSFIELD, MA Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Adams Community Bank | $155,875,000 | $167,670,000 | 7.6% | 14.9% |
| GREYLOCK | $164,655,000 | $128,540,000 | -21.9% | 11.4% |
| Lee Bank | $102,410,000 | $82,780,000 | -19.2% | 7.4% |
| QUICKEN LOANS, LLC | $54,105,000 | $64,065,000 | 18.4% | 5.7% |
| ACADEMY MORTGAGE CORPORATION | $38,330,000 | $60,415,000 | 57.6% | 5.4% |
| The Pittsfield Co-operative Bank | $33,220,000 | $41,115,000 | 23.8% | 3.7% |
| Berkshire Bank | $40,495,000 | $40,290,000 | -0.5% | 3.6% |
| Wells Fargo Bank | $18,510,000 | $32,930,000 | 77.9% | 2.9% |
| Salisbury Bank and Trust Company | $29,180,000 | $29,745,000 | 1.9% | 2.6% |
| JPMorgan Chase Bank | $22,345,000 | $22,710,000 | 1.6% | 2.0% |
| MountainOne Bank | $20,950,000 | $19,680,000 | -6.1% | 1.7% |
| LOANDEPOT.COM, LLC | $9,095,000 | $17,830,000 | 96.0% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $20,235,000 | $16,545,000 | -18.2% | 1.5% |
| Citizens Bank | $15,210,000 | $15,560,000 | 2.3% | 1.4% |
| TD Bank | $16,535,000 | $15,435,000 | -6.7% | 1.4% |
| NBT Bank | $12,460,000 | $14,390,000 | 15.5% | 1.3% |
| TOTAL MORTGAGE SERVICES, LLC | $12,825,000 | $13,945,000 | 8.7% | 1.2% |
| Citibank | $16,665,000 | $12,590,000 | -24.5% | 1.1% |
| Bank of America | $11,925,000 | $11,470,000 | -3.8% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $2,805,000 | $10,550,000 | 276.1% | 0.9% |
| TrustCo Bank | $10,790,000 | $9,935,000 | -7.9% | 0.9% |
| GUARANTEED RATE, INC. | $7,340,000 | $9,525,000 | 29.8% | 0.8% |
| Morgan Stanley Private Bank | $5,965,000 | $9,435,000 | 58.2% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,110,000 | $8,585,000 | 5.9% | 0.8% |
| First Republic Bank | $7,515,000 | $8,505,000 | 13.2% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $2,255,000 | $7,975,000 | 253.7% | 0.7% |
| BAY EQUITY LLC | $5,360,000 | $7,475,000 | 39.5% | 0.7% |
| NEWREZ LLC | $3,725,000 | $6,875,000 | 84.6% | 0.6% |
| Republic State Mortgage Co. | $5,015,000 | $6,705,000 | 33.7% | 0.6% |
| PeoplesBank | $195,000 | $6,690,000 | 3,330.8% | 0.6% |
| U.S. Bank | $3,750,000 | $6,385,000 | 70.3% | 0.6% |
| UNION HOME MORTGAGE CORP. | $5,540,000 | $6,130,000 | 10.6% | 0.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,490,000 | $5,975,000 | 71.2% | 0.5% |
| PNC Bank | $555,000 | $5,945,000 | 971.2% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,080,000 | $5,840,000 | 180.8% | 0.5% |
| Leader Bank | $4,035,000 | $5,550,000 | 37.5% | 0.5% |
| Mortgage Research Center, LLC | $4,940,000 | $5,430,000 | 9.9% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $2,730,000 | $5,425,000 | 98.7% | 0.5% |
| City National Bank | $2,960,000 | $5,230,000 | 76.7% | 0.5% |
| Charles Schwab Bank, SSB | $2,290,000 | $4,765,000 | 108.1% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,660,000 | $4,140,000 | 13.1% | 0.4% |
| SOFI LENDING CORP. | $1,225,000 | $4,120,000 | 236.3% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $2,180,000 | $4,095,000 | 87.8% | 0.4% |
| KeyBank | $1,240,000 | $3,835,000 | 209.3% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $1,215,000 | $3,290,000 | 170.8% | 0.3% |
| Cambridge Trust Company | $3,240,000 | n/a | 0.3% | |
| Raymond James Bank | $2,915,000 | n/a | 0.3% | |
| UBS Bank USA | $3,595,000 | $2,895,000 | -19.5% | 0.3% |
| HOMESTEAD FUNDING CORP. | $2,420,000 | $2,760,000 | 14.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,925,000 | $2,620,000 | 36.1% | 0.2% |
| People's United Bank | $505,000 | $2,605,000 | 415.8% | 0.2% |
| Mortgage Network, Inc. | $5,460,000 | $2,595,000 | -52.5% | 0.2% |
| First Guaranty Mortgage Corporation | $1,095,000 | $2,445,000 | 123.3% | 0.2% |
| Westfield Bank | $1,170,000 | $2,355,000 | 101.3% | 0.2% |
| USAlliance Federal Credit Union | $205,000 | $2,330,000 | 1,036.6% | 0.2% |
| The Federal Savings Bank | $1,205,000 | $2,310,000 | 91.7% | 0.2% |
| CALIBER HOME LOANS, INC. | $2,120,000 | $2,255,000 | 6.4% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,175,000 | $2,240,000 | 3.0% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $545,000 | $2,230,000 | 309.2% | 0.2% |
| USAA Federal Savings Bank | $5,850,000 | $2,220,000 | -62.1% | 0.2% |
| Amalgamated Bank | $665,000 | $2,170,000 | 226.3% | 0.2% |
| Flagstar Bank, FSB | $1,280,000 | $2,160,000 | 68.8% | 0.2% |
| Stifel Bank and Trust | $1,385,000 | $2,105,000 | 52.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,230,000 | $2,085,000 | 69.5% | 0.2% |
| GFA Federal Credit Union | $615,000 | $2,070,000 | 236.6% | 0.2% |
| ZILLOW HOME LOANS, LLC | $1,100,000 | $2,005,000 | 82.3% | 0.2% |
| Triumph Bank | $365,000 | $1,850,000 | 406.8% | 0.2% |
| Evolve Bank & Trust | $1,570,000 | $1,795,000 | 14.3% | 0.2% |
| Santander Bank, N.A. | $105,000 | $1,770,000 | 1,585.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,060,000 | $1,710,000 | -17.0% | 0.2% |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $1,995,000 | $1,695,000 | -15.0% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,265,000 | $1,605,000 | 26.9% | 0.1% |
| Silicon Valley Bank | $1,605,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $305,000 | $1,565,000 | 413.1% | 0.1% |
| Webster Bank | $1,240,000 | $1,555,000 | 25.4% | 0.1% |
| BROKER SOLUTIONS, INC. | $2,580,000 | $1,495,000 | -42.1% | 0.1% |
| North American Savings Bank, F.S.B. | $680,000 | $1,495,000 | 119.9% | 0.1% |
| EMBRACE HOME LOANS, INC. | $740,000 | $1,445,000 | 95.3% | 0.1% |
| Quontic Bank | $1,435,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $520,000 | $1,400,000 | 169.2% | 0.1% |
| POLISH NATIONAL | $390,000 | $1,395,000 | 257.7% | 0.1% |
| HARBORONE MORTGAGE, LLC | $4,480,000 | $1,380,000 | -69.2% | 0.1% |
| Greenfield Savings Bank | $440,000 | $1,360,000 | 209.1% | 0.1% |
| GuardHill Financial Corp. | $1,355,000 | $1,310,000 | -3.3% | 0.1% |
| LADERA LENDING, INC. | $1,310,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,735,000 | $1,295,000 | -25.4% | 0.1% |
| Valley National Bank | $1,290,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $870,000 | $1,290,000 | 48.3% | 0.1% |
| HOMESPIRE MORTGAGE CORPORATION | $1,240,000 | $1,260,000 | 1.6% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $400,000 | $1,245,000 | 211.3% | 0.1% |
| The Northern Trust Company | $505,000 | $1,215,000 | 140.6% | 0.1% |
| EMM LOANS LLC | $685,000 | $1,175,000 | 71.5% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,470,000 | $1,165,000 | -20.7% | 0.1% |
| NORTHPOINT MORTGAGE, INC. | $350,000 | $1,125,000 | 221.4% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $885,000 | $1,115,000 | 26.0% | 0.1% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $935,000 | $1,105,000 | 18.2% | 0.1% |
| Watertown Savings Bank | $1,105,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $785,000 | $1,090,000 | 38.9% | 0.1% |
| First Federal Bank | $685,000 | $1,085,000 | 58.4% | 0.1% |
| DIGITAL Federal Credit Union | $1,900,000 | $1,070,000 | -43.7% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $265,000 | $1,060,000 | 300.0% | 0.1% |
| Eastern Bank | $165,000 | $1,045,000 | 533.3% | 0.1% |
| NBKC BANK | $830,000 | $1,005,000 | 21.1% | 0.1% |
| METRO | $970,000 | n/a | 0.1% | |
| LENDERFI, INC. | $385,000 | $955,000 | 148.1% | 0.1% |
| Goldman Sachs Bank USA | $1,760,000 | $920,000 | -47.7% | 0.1% |
| Manufacturers and Traders Trust Company | $1,605,000 | $905,000 | -43.6% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $895,000 | n/a | 0.1% | |
| NEW ENGLAND FEDERAL CREDIT UNION | $875,000 | n/a | 0.1% | |
| Rockland Trust Company | $610,000 | $855,000 | 40.2% | 0.1% |
| Liberty Bank | $845,000 | n/a | 0.1% | |
| Shamrock Home Loans, Inc. | $840,000 | n/a | 0.1% | |
| HANSCOM | $1,220,000 | $825,000 | -32.4% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $105,000 | $815,000 | 676.2% | 0.1% |
| Nations Lending Corporation | $410,000 | $805,000 | 96.3% | 0.1% |
| TIAA, FSB | $400,000 | $805,000 | 101.3% | 0.1% |
| Northmark Bank | $755,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $655,000 | $725,000 | 10.7% | 0.1% |
| First Savings Bank | $430,000 | $710,000 | 65.1% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $225,000 | $700,000 | 211.1% | 0.1% |
| Workers Credit Union | $655,000 | n/a | 0.1% | |
| Community Bank | $620,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $615,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $770,000 | $610,000 | -20.8% | 0.1% |
| Boston Private Bank & Trust Company | $605,000 | n/a | 0.1% | |
| Visio Financial Services Inc. | $210,000 | $605,000 | 188.1% | 0.1% |
| PHH Mortgage Corporation | $185,000 | $570,000 | 208.1% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $215,000 | $560,000 | 160.5% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $375,000 | $560,000 | 49.3% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $555,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $2,585,000 | $550,000 | -78.7% | 0.0% |
| Brighton Bank | $545,000 | n/a | 0.0% | |
| Easthampton Savings Bank | $330,000 | $545,000 | 65.2% | 0.0% |
| MSA MORTGAGE, LLC | $405,000 | $545,000 | 34.6% | 0.0% |
| United Nations Federal Credit Union | $265,000 | $545,000 | 105.7% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $450,000 | $530,000 | 17.8% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,025,000 | $520,000 | -49.3% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $315,000 | $510,000 | 61.9% | 0.0% |
| Avidia Bank | $590,000 | $500,000 | -15.3% | 0.0% |
| Brookline Bank | $500,000 | n/a | 0.0% | |
| Fall River Five Cents Savings Bank | $245,000 | $495,000 | 102.0% | 0.0% |
| FirstBank | $495,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $490,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $585,000 | $470,000 | -19.7% | 0.0% |
| Ixonia Bank | $455,000 | n/a | 0.0% | |
| Axos Bank | $450,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $440,000 | n/a | 0.0% | |
| The Freedom Bank of Virginia | $435,000 | n/a | 0.0% | |
| NJ LENDERS CORP. | $1,760,000 | $430,000 | -75.6% | 0.0% |
| AMERICAN FINANCING CORPORATION | $155,000 | $425,000 | 174.2% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $425,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $365,000 | $415,000 | 13.7% | 0.0% |
| Jeanne D'Arc Credit Union | $415,000 | n/a | 0.0% | |
| The Camden National Bank | $880,000 | $415,000 | -52.8% | 0.0% |
| INLAND BANK & TRUST | $135,000 | $400,000 | 196.3% | 0.0% |
| Northwest Community Bank | $400,000 | n/a | 0.0% | |
| Cambridge Savings Bank | $870,000 | $395,000 | -54.6% | 0.0% |
| North Easton Savings Bank | $395,000 | n/a | 0.0% | |
| Patriot Community Bank | $395,000 | n/a | 0.0% | |
| MEMBERS MORTGAGE COMPANY, INC. | $385,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $365,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $235,000 | $365,000 | 55.3% | 0.0% |
| Cf Bank | $355,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $355,000 | n/a | 0.0% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $355,000 | n/a | 0.0% | |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $420,000 | $355,000 | -15.5% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $1,010,000 | $345,000 | -65.8% | 0.0% |
| CMG MORTGAGE, INC. | $335,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $165,000 | $335,000 | 103.0% | 0.0% |
| HARVARD UNIVERSITY EMPLOYEES | $450,000 | $315,000 | -30.0% | 0.0% |
| LIMA ONE CAPITAL, LLC | $310,000 | n/a | 0.0% | |
| MEMBERS ADVANTAGE COMMUNITY CREDIT UNION | $305,000 | n/a | 0.0% | |
| NEW FED MORTGAGE, CORP. | $915,000 | $300,000 | -67.2% | 0.0% |
| ALLIANT CREDIT UNION | $75,000 | $295,000 | 293.3% | 0.0% |
| Envision Bank | $295,000 | n/a | 0.0% | |
| Cornerstone Bank | $285,000 | n/a | 0.0% | |
| Bank of England | $395,000 | $280,000 | -29.1% | 0.0% |
| CANOPY MORTGAGE, LLC | $275,000 | n/a | 0.0% | |
| UIF CORPORATION | $275,000 | n/a | 0.0% | |
| Bangor Savings Bank | $1,005,000 | $265,000 | -73.6% | 0.0% |
| MILEND, INC. | $265,000 | n/a | 0.0% | |
| WILLIAM RAVEIS MORTGAGE, LLC | $695,000 | $265,000 | -61.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $240,000 | $260,000 | 8.3% | 0.0% |
| Bethpage Federal Credit Union | $535,000 | $255,000 | -52.3% | 0.0% |
| Windosr Federal Savings & Loan Association | $405,000 | $255,000 | -37.0% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $245,000 | n/a | 0.0% | |
| Country Bank for Savings | $240,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $1,700,000 | $235,000 | -86.2% | 0.0% |
| LUSO | $235,000 | n/a | 0.0% | |
| Northern Bank & Trust Company | $235,000 | n/a | 0.0% | |
| Poli Mortgage Group, Inc. | $265,000 | $235,000 | -11.3% | 0.0% |
| NFM, INC. | $1,220,000 | $225,000 | -81.6% | 0.0% |
| FIRST CITIZENS' FEDERAL CREDIT UNION | $215,000 | n/a | 0.0% | |
| Metro City Bank | $145,000 | $215,000 | 48.3% | 0.0% |
| St. Mary's Credit Union | $215,000 | n/a | 0.0% | |
| AFFINITY | $205,000 | n/a | 0.0% | |
| Baxter Credit Union | $205,000 | n/a | 0.0% | |
| Figure Lending LLC | $235,000 | $205,000 | -12.8% | 0.0% |
| Freedom Credit Union | $135,000 | $205,000 | 51.9% | 0.0% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $175,000 | $205,000 | 17.1% | 0.0% |
| State Department Federal Credit Union | $205,000 | n/a | 0.0% | |
| BayCoast Bank | $300,000 | $195,000 | -35.0% | 0.0% |
| KELLER MORTGAGE, LLC | $300,000 | $185,000 | -38.3% | 0.0% |
| Milford Federal Bank | $185,000 | n/a | 0.0% | |
| MMS MORTGAGE SERVICES, LTD. | $185,000 | n/a | 0.0% | |
| Truist Bank | $715,000 | $185,000 | -74.1% | 0.0% |
| LOANLEADERS OF AMERICA, INC. | $175,000 | n/a | 0.0% | |
| EagleBank | $165,000 | n/a | 0.0% | |
| ATHAS CAPITAL GROUP, INC. | $155,000 | n/a | 0.0% | |
| BELLWETHER COMMUNITY | $155,000 | n/a | 0.0% | |
| Discover Bank | $260,000 | $155,000 | -40.4% | 0.0% |
| First Bank & Trust | $155,000 | n/a | 0.0% | |
| Winchester Co-operative Bank | $155,000 | n/a | 0.0% | |
| First Home Bank | $325,000 | $145,000 | -55.4% | 0.0% |
| NORTHERN MORTGAGE SERVICES, LLC | $215,000 | $145,000 | -32.6% | 0.0% |
| STEARNS LENDING, LLC | $540,000 | $135,000 | -75.0% | 0.0% |
| Northpointe Bank | $1,005,000 | $125,000 | -87.6% | 0.0% |
| Prosperity Home Mortgage, LLC | $125,000 | n/a | 0.0% | |
| SIWELL, INC. | $620,000 | $125,000 | -79.8% | 0.0% |
| UTILITIES EMPLOYEES CREDIT UNION | $125,000 | n/a | 0.0% | |
| City of Boston Credit Union | $105,000 | n/a | 0.0% | |
| North Shore Bank, a Co-operative Bank | $105,000 | n/a | 0.0% | |
| Atlantic Home Loans, Inc. | $95,000 | n/a | 0.0% | |
| MEMBER ADVANTAGE MORTGAGE, LLC | $850,000 | $95,000 | -88.8% | 0.0% |
| Arvest Bank | $490,000 | $85,000 | -82.7% | 0.0% |
| MASSMUTUAL | $195,000 | $75,000 | -61.5% | 0.0% |
| GREENWOOD | $15,000 | $55,000 | 266.7% | 0.0% |
| The Washington Trust Company, of Westerly | $45,000 | $55,000 | 22.2% | 0.0% |
| Monson Savings Bank | $2,920,000 | $50,000 | -98.3% | 0.0% |
| Ballston Spa National Bank | $35,000 | n/a | 0.0% |
PITTSFIELD's top lender by overall market share is Adams Community Bank, with 14.9% market share. In second place, with 11.4%, is GREYLOCK, having originated $128,540,000 in loans. In third place, with 7.4%, is Lee Bank, having originated $82,780,000 in loans. In third place, with 5.7%, is QUICKEN LOANS, LLC, having originated $64,065,000 in loans. In third place, with 5.4%, is ACADEMY MORTGAGE CORPORATION, having originated $60,415,000 in loans.
PITTSFIELD, MA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,939 | $555,975,000 | $286,733 |
| Refi | 1,549 | $358,335,000 | $231,333 |
| Cash Out Refi | 623 | $155,225,000 | $249,157 |
| Home Improvement | 235 | $23,685,000 | $100,787 |
| Other | 148 | $32,410,000 | $218,986 |
Pittsfield's most frequently cited loan purpose was Home Purchase, with 1,939 originations. The 2nd most popular reason was Refi, with 1,549 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,679 | $373,415,000 | $222,403 |
| 2.5-3% | 1,482 | $399,830,000 | $269,791 |
| <2.5% | 568 | $157,380,000 | $277,077 |
| 4-5% | 143 | $29,525,000 | $206,469 |
| 5-6% | 46 | $3,780,000 | $82,174 |
| Over 8% | 9 | $1,135,000 | $126,111 |
| 7-8% | 7 | $695,000 | $99,286 |
| 6-7% | 6 | $430,000 | $71,667 |
During 2021, Pittsfield's most frequently originated rate bucket was 3-4%, with 1,679 originations.
Loan Sizing (PITTSFIELD, MA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,679 | $254,085,000 | $151,331 |
| $200k-400k | 1,592 | $433,450,000 | $272,268 |
| $100,000 or less | 619 | $33,755,000 | $54,532 |
| $400k-600k | 395 | $189,195,000 | $478,975 |
| $600k-1000k | 143 | $104,545,000 | $731,084 |
| $Over $1MM | 66 | $110,600,000 | $1,675,758 |
PITTSFIELD's loan sizing saw the bucket of loans from $100k-200k with 1,679 originations, totaling $254,085,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 1,350 | $395,390,000 | $292,881 |
| 80-100% | 1,253 | $323,925,000 | $258,520 |
| 40-60% | 595 | $154,065,000 | $258,933 |
| 20-40% | 311 | $49,095,000 | $157,862 |
| Under 20% | 288 | $13,190,000 | $45,799 |
| Over 100% | 16 | $5,480,000 | $342,500 |
PITTSFIELD's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 1,350 originations, totaling $395,390,000 in origination value.
