SPRINGFIELD Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Springfield averaged
6.47%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.6% and
one month ago for the week of 2024-10-03, the
average rate was 5.9%.
Springfield's average rate one year ago was 7.54%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.56%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Springfield 30 Year Fixed Rate | 2024-11-07 | 6.47% |
| Springfield 30 Year Fixed Rate Refi | 2024-11-07 | 7.56% |
| Springfield 15 Year Fixed Rate | 2024-11-07 | 6.24% |
| Springfield 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Springfield 30 Year FHA | 2024-11-07 | 6.3% |
| Springfield 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Springfield 30 Year USDA | 2024-11-07 | 6.48% |
| Springfield 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Springfield 30 Year VA | 2024-11-07 | 6.26% |
| Springfield 30 Year VA Refi | 2024-11-07 | 6.24% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SPRINGFIELD, MA.
SPRINGFIELD Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the SPRINGFIELD, 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.).
SPRINGFIELD Average Closing Costs & Other Stats
SPRINGFIELD, MA's 208 lenders originated 10,928
loans during 2023. The total origination value was $2,459,710,000, with an average loan value of
$225,083.
SPRINGFIELD's average closing costs are $5,391.
The top SPRINGFIELD lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
226 loans originated. Their average total fees are
$6,491, which is $1,997
higher than the next largest lender,
Greenfield Savings Bank.
The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are
Community Bank ($58), Adams Community Bank ($2,967), TD Bank ($3,517), Easthampton Savings Bank ($3,809) and Westfield Bank ($3,850).
The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are
UMASSFIVE COLLEGE Federal Credit Union (4.49%), Adams Community Bank (5.17%), Greenfield Savings Bank (5.34%), Florence Bank (5.46%) and Freedom Credit Union (5.49%).
SPRINGFIELD, MA Mortgage 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Greenfield Savings Bank | $106,790,000 | $126,605,000 | 18.6% | 5.1% |
| Florence Bank | $184,350,000 | $114,340,000 | -38.0% | 4.6% |
| MOVEMENT MORTGAGE, LLC | $120,265,000 | $108,295,000 | -10.0% | 4.4% |
| PeoplesBank | $165,620,000 | $95,780,000 | -42.2% | 3.9% |
| Citizens Bank | $132,470,000 | $95,500,000 | -27.9% | 3.9% |
| QUICKEN LOANS, LLC | $164,780,000 | $89,730,000 | -45.5% | 3.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $102,200,000 | $88,580,000 | -13.3% | 3.6% |
| Westfield Bank | $117,670,000 | $79,290,000 | -32.6% | 3.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $62,980,000 | $76,910,000 | 22.1% | 3.1% |
| Easthampton Savings Bank | $77,565,000 | $71,525,000 | -7.8% | 2.9% |
| Greenfield Co-operative Bank | $70,720,000 | $56,415,000 | -20.2% | 2.3% |
| HARBORONE MORTGAGE, LLC | $77,775,000 | $54,340,000 | -30.1% | 2.2% |
| Freedom Credit Union | $69,860,000 | $52,585,000 | -24.7% | 2.1% |
| TD Bank | $51,625,000 | $45,535,000 | -11.8% | 1.9% |
| Country Bank for Savings | $68,220,000 | $43,775,000 | -35.8% | 1.8% |
| GUILD MORTGAGE COMPANY | $54,635,000 | $42,380,000 | -22.4% | 1.7% |
| ACADEMY MORTGAGE CORPORATION | $82,920,000 | $35,935,000 | -56.7% | 1.5% |
| GUARANTEED RATE, INC. | $59,950,000 | $35,480,000 | -40.8% | 1.4% |
| Mortgage Research Center, LLC | $44,265,000 | $34,145,000 | -22.9% | 1.4% |
| NORTHPOINT MORTGAGE, INC. | $19,850,000 | $32,945,000 | 66.0% | 1.3% |
| NORWICH COMMERCIAL GROUP, INC. | $43,480,000 | $32,430,000 | -25.4% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $45,025,000 | $27,800,000 | -38.3% | 1.1% |
| Enterprise Bank and Trust Company | $355,000 | $27,775,000 | 7,723.9% | 1.1% |
| Monson Savings Bank | $77,575,000 | $27,645,000 | -64.4% | 1.1% |
| UMASSFIVE COLLEGE Federal Credit Union | $22,110,000 | $26,445,000 | 19.6% | 1.1% |
| POLISH NATIONAL | $77,165,000 | $25,300,000 | -67.2% | 1.0% |
| TOTAL MORTGAGE SERVICES, LLC | $17,490,000 | $23,700,000 | 35.5% | 1.0% |
| Bank of America | $27,670,000 | $23,345,000 | -15.6% | 0.9% |
| M&T Bank | $23,220,000 | $23,175,000 | -0.2% | 0.9% |
| Berkshire Bank | $24,755,000 | $23,135,000 | -6.5% | 0.9% |
| Fidelity Co-operative Bank | $3,620,000 | $21,515,000 | 494.3% | 0.9% |
| RADIUS FINANCIAL GROUP INC. | $34,470,000 | $20,495,000 | -40.5% | 0.8% |
| Evolve Bank & Trust | $30,955,000 | $19,210,000 | -37.9% | 0.8% |
| Arbor Realty Trust, Inc. | $6,085,000 | $18,885,000 | 210.4% | 0.8% |
| GUARANTEED RATE AFFINITY, LLC | $21,525,000 | $17,340,000 | -19.4% | 0.7% |
| Semper Home Loans, Inc. | $8,655,000 | $17,220,000 | 99.0% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $30,165,000 | $17,145,000 | -43.2% | 0.7% |
| HOLYOKE | $27,985,000 | $16,960,000 | -39.4% | 0.7% |
| GREYSTONE SERVICING COMPANY LLC | $1,275,000 | $16,540,000 | 1,197.3% | 0.7% |
| HOMESTEAD FUNDING CORP. | $2,500,000 | $16,415,000 | 556.6% | 0.7% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $22,335,000 | $15,555,000 | -30.4% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $1,425,000 | $15,100,000 | 959.6% | 0.6% |
| Rockland Trust Company | $6,985,000 | $14,440,000 | 106.7% | 0.6% |
| NEWREZ LLC | $22,405,000 | $14,095,000 | -37.1% | 0.6% |
| Alden Credit Union | $19,155,000 | $14,080,000 | -26.5% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $18,585,000 | $13,955,000 | -24.9% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $30,810,000 | $13,680,000 | -55.6% | 0.6% |
| LEADERONE FINANCIAL CORPORATION | $2,965,000 | $13,170,000 | 344.2% | 0.5% |
| Webster Bank | $9,790,000 | $12,355,000 | 26.2% | 0.5% |
| LOANDEPOT.COM, LLC | $44,590,000 | $11,730,000 | -73.7% | 0.5% |
| Leader Bank | $6,885,000 | $11,395,000 | 65.5% | 0.5% |
| JPMorgan Chase Bank | $12,905,000 | $11,350,000 | -12.0% | 0.5% |
| MASSMUTUAL | $9,110,000 | $10,295,000 | 13.0% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $31,790,000 | $9,530,000 | -70.0% | 0.4% |
| CMG MORTGAGE, INC. | $3,470,000 | $8,750,000 | 152.2% | 0.4% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $15,605,000 | $8,670,000 | -44.4% | 0.4% |
| USAA Federal Savings Bank | $11,810,000 | $8,585,000 | -27.3% | 0.3% |
| GREATER SPRINGFIELD CREDIT UNION | $14,295,000 | $8,110,000 | -43.3% | 0.3% |
| LUSO | $21,975,000 | $7,735,000 | -64.8% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $5,440,000 | $7,585,000 | 39.4% | 0.3% |
| GENEVA FINANCIAL, LLC | $2,250,000 | $7,410,000 | 229.3% | 0.3% |
| ARRHA Credit Union | $12,655,000 | $7,365,000 | -41.8% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $5,340,000 | $7,220,000 | 35.2% | 0.3% |
| KeyBank | $12,945,000 | $7,125,000 | -45.0% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $21,975,000 | $6,950,000 | -68.4% | 0.3% |
| COREVEST AMERICAN FINANCE LENDER LLC | $505,000 | $6,640,000 | 1,214.9% | 0.3% |
| Keystone Funding, Inc. | $6,105,000 | n/a | 0.2% | |
| FIRST WORLD MORTGAGE CORPORATION | $10,360,000 | $5,760,000 | -44.4% | 0.2% |
| BROKER SOLUTIONS, INC. | $9,970,000 | $5,725,000 | -42.6% | 0.2% |
| MORTGAGE EQUITY PARTNERS LLC | $2,825,000 | $5,715,000 | 102.3% | 0.2% |
| NORTHERN MORTGAGE SERVICES, LLC | $11,200,000 | $5,565,000 | -50.3% | 0.2% |
| Wells Fargo Bank | $18,175,000 | $5,360,000 | -70.5% | 0.2% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $2,380,000 | $5,320,000 | 123.5% | 0.2% |
| HOMESPIRE MORTGAGE CORPORATION | $5,250,000 | n/a | 0.2% | |
| Community Bank | $7,060,000 | $5,210,000 | -26.2% | 0.2% |
| EMM LOANS LLC | $16,480,000 | $5,125,000 | -68.9% | 0.2% |
| U.S. Bank | $10,695,000 | $5,090,000 | -52.4% | 0.2% |
| Discover Bank | $4,690,000 | $4,975,000 | 6.1% | 0.2% |
| The Federal Savings Bank | $6,535,000 | $4,755,000 | -27.2% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $11,675,000 | $4,740,000 | -59.4% | 0.2% |
| Liberty Bank | $1,785,000 | $4,485,000 | 151.3% | 0.2% |
| Savers Co-operative Bank | $1,510,000 | $4,385,000 | 190.4% | 0.2% |
| WILLIAM RAVEIS MORTGAGE, LLC | $3,885,000 | $4,325,000 | 11.3% | 0.2% |
| CIBM Bank | $4,260,000 | n/a | 0.2% | |
| RF Renovo Management Company, LLC | $1,540,000 | $4,190,000 | 172.1% | 0.2% |
| Workers Credit Union | $10,865,000 | $4,170,000 | -61.6% | 0.2% |
| Bank of England | $3,015,000 | $4,165,000 | 38.1% | 0.2% |
| Figure Lending LLC | $2,720,000 | $3,690,000 | 35.7% | 0.2% |
| DIGITAL Federal Credit Union | $9,425,000 | $3,670,000 | -61.1% | 0.1% |
| Cornerstone Bank | $7,915,000 | $3,600,000 | -54.5% | 0.1% |
| NBKC BANK | $2,270,000 | $3,555,000 | 56.6% | 0.1% |
| EMBRACE HOME LOANS, INC. | $11,005,000 | $3,520,000 | -68.0% | 0.1% |
| EVERETT FINANCIAL, INC. | $5,085,000 | $3,495,000 | -31.3% | 0.1% |
| Nations Lending Corporation | $7,265,000 | $3,460,000 | -52.4% | 0.1% |
| CARDINAL FINANCIAL | $2,460,000 | $3,425,000 | 39.2% | 0.1% |
| North Brookfield Savings Bank | $5,635,000 | $3,300,000 | -41.4% | 0.1% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $4,410,000 | $3,290,000 | -25.4% | 0.1% |
| Franklin First Federal Credit Union | $3,240,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $695,000 | $3,110,000 | 347.5% | 0.1% |
| LEOMINSTER CREDIT UNION | $2,140,000 | $3,095,000 | 44.6% | 0.1% |
| SOUTHBRIDGE CREDIT UNION | $7,475,000 | $3,090,000 | -58.7% | 0.1% |
| OCMBC, INC. | $3,075,000 | $2,890,000 | -6.0% | 0.1% |
| The Huntington National Bank | $3,235,000 | $2,890,000 | -10.7% | 0.1% |
| Adams Community Bank | $3,990,000 | $2,875,000 | -27.9% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $5,070,000 | $2,810,000 | -44.6% | 0.1% |
| ZILLOW HOME LOANS, LLC | $3,285,000 | $2,795,000 | -14.9% | 0.1% |
| Morgan Stanley Private Bank | $2,640,000 | $2,780,000 | 5.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $3,640,000 | $2,680,000 | -26.4% | 0.1% |
| T2 FINANCIAL LLC | $205,000 | $2,630,000 | 1,182.9% | 0.1% |
| BAYCOAST MORTGAGE COMPANY, LLC | $2,595,000 | $2,550,000 | -1.7% | 0.1% |
| Farm Credit East, ACA | $2,860,000 | $2,490,000 | -12.9% | 0.1% |
| NEW FED MORTGAGE, CORP. | $4,370,000 | $2,470,000 | -43.5% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $785,000 | $2,425,000 | 208.9% | 0.1% |
| GREYLOCK | $3,265,000 | $2,365,000 | -27.6% | 0.1% |
| HANSCOM | $4,225,000 | $2,345,000 | -44.5% | 0.1% |
| FIRST MORTGAGE COMPANY, INC. | $205,000 | $2,340,000 | 1,041.5% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $2,545,000 | $2,330,000 | -8.4% | 0.1% |
| Prosperity Home Mortgage, LLC | $3,360,000 | $2,285,000 | -32.0% | 0.1% |
| First National Bank of America | $1,690,000 | $2,270,000 | 34.3% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $205,000 | $2,250,000 | 997.6% | 0.1% |
| Equity Prime Mortgage LLC | $2,690,000 | $2,250,000 | -16.4% | 0.1% |
| GFA Federal Credit Union | $1,465,000 | $2,205,000 | 50.5% | 0.1% |
| Eastern Bank | $2,310,000 | $2,165,000 | -6.3% | 0.1% |
| ATHOL CREDIT UNION | $2,150,000 | $2,150,000 | 0.0% | 0.1% |
| Flagstar Bank, FSB | $10,700,000 | $2,140,000 | -80.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,105,000 | $2,135,000 | -31.2% | 0.1% |
| Ally Bank | $1,255,000 | $2,010,000 | 60.2% | 0.1% |
| Clinton Savings Bank | $325,000 | $1,980,000 | 509.2% | 0.1% |
| Citibank | $1,290,000 | $1,975,000 | 53.1% | 0.1% |
| Main Street Bank | $780,000 | $1,945,000 | 149.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $750,000 | $1,940,000 | 158.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $325,000 | $1,895,000 | 483.1% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $4,075,000 | $1,855,000 | -54.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $11,005,000 | $1,835,000 | -83.3% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,810,000 | n/a | 0.1% | |
| Plains Commerce Bank | $480,000 | $1,785,000 | 271.9% | 0.1% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $3,275,000 | $1,770,000 | -46.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $11,610,000 | $1,765,000 | -84.8% | 0.1% |
| Charles Schwab Bank, SSB | $1,735,000 | n/a | 0.1% | |
| MEMBERS MORTGAGE COMPANY, INC. | $2,105,000 | $1,715,000 | -18.5% | 0.1% |
| Shamrock Home Loans, Inc. | $5,225,000 | $1,700,000 | -67.5% | 0.1% |
| Cathay Bank | $6,135,000 | $1,695,000 | -72.4% | 0.1% |
| Northpointe Bank | $2,745,000 | $1,640,000 | -40.3% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,745,000 | $1,600,000 | -41.7% | 0.1% |
| PNC Bank | $5,075,000 | $1,585,000 | -68.8% | 0.1% |
| MountainOne Bank | $1,535,000 | n/a | 0.1% | |
| WEBSTER FIRST Federal Credit Union | $555,000 | $1,520,000 | 173.9% | 0.1% |
| Windosr Federal Savings & Loan Association | $15,025,000 | $1,510,000 | -90.0% | 0.1% |
| NBT Bank | $1,500,000 | n/a | 0.1% | |
| ALIGN CREDIT UNION | $585,000 | $1,495,000 | 155.6% | 0.1% |
| 360 Federal Credit Union | $2,420,000 | $1,490,000 | -38.4% | 0.1% |
| LIMA ONE CAPITAL, LLC | $1,350,000 | $1,405,000 | 4.1% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $1,645,000 | $1,365,000 | -17.0% | 0.1% |
| Avidia Bank | $995,000 | $1,355,000 | 36.2% | 0.1% |
| Cambridge Savings Bank | $630,000 | $1,350,000 | 114.3% | 0.1% |
| LENDSURE MORTGAGE CORP. | $415,000 | $1,305,000 | 214.5% | 0.1% |
| Athol Savings Bank | $3,830,000 | $1,290,000 | -66.3% | 0.1% |
| Republic State Mortgage Co. | $1,265,000 | n/a | 0.1% | |
| NJ LENDERS CORP. | $725,000 | $1,255,000 | 73.1% | 0.1% |
| Fall River Five Cents Savings Bank | $1,460,000 | $1,225,000 | -16.1% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $1,180,000 | $1,225,000 | 3.8% | 0.0% |
| JMAC LENDING, INC. | $1,210,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $4,285,000 | $1,140,000 | -73.4% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $2,150,000 | $1,130,000 | -47.4% | 0.0% |
| Logan Finance Corporation | $1,085,000 | n/a | 0.0% | |
| MORTGAGE MARKETS CUSO, LLC | $285,000 | $1,080,000 | 278.9% | 0.0% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $775,000 | $1,070,000 | 38.1% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $1,065,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $1,060,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $705,000 | $1,030,000 | 46.1% | 0.0% |
| The Bank of Greene County | $775,000 | $1,030,000 | 32.9% | 0.0% |
| IC Federal Credit Union | $965,000 | $995,000 | 3.1% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $2,525,000 | $985,000 | -61.0% | 0.0% |
| A&D Mortgage LLC | $265,000 | $975,000 | 267.9% | 0.0% |
| Webster Five Cents Savings Bank | $365,000 | $970,000 | 165.8% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $245,000 | $965,000 | 293.9% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $185,000 | $945,000 | 410.8% | 0.0% |
| PHH Mortgage Corporation | $1,405,000 | $915,000 | -34.9% | 0.0% |
| BETTER MORTGAGE CORPORATION | $1,855,000 | $905,000 | -51.2% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $4,160,000 | $875,000 | -79.0% | 0.0% |
| Middlesex Federal Savings, F.A. | $865,000 | n/a | 0.0% | |
| HUNT MORTGAGE CORPORATION | $385,000 | $860,000 | 123.4% | 0.0% |
| ROCKLAND | $850,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $850,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $2,195,000 | $850,000 | -61.3% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $1,165,000 | $810,000 | -30.5% | 0.0% |
| United Nations Federal Credit Union | $800,000 | n/a | 0.0% | |
| NFM, INC. | $450,000 | $785,000 | 74.4% | 0.0% |
| The Cape Cod Five Cents Savings Bank | $1,120,000 | $780,000 | -30.4% | 0.0% |
| LADERA LENDING, INC. | $1,945,000 | $745,000 | -61.7% | 0.0% |
| The Camden National Bank | $985,000 | $745,000 | -24.4% | 0.0% |
| MID-ISLAND MORTGAGE CORP. | $850,000 | $725,000 | -14.7% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $315,000 | $720,000 | 128.6% | 0.0% |
| DREW MORTGAGE ASSOCIATES, INC. | $2,255,000 | $705,000 | -68.7% | 0.0% |
| Valley National Bank | $705,000 | n/a | 0.0% | |
| Needham Bank | $760,000 | $700,000 | -7.9% | 0.0% |
| St. Mary's Credit Union | $565,000 | $680,000 | 20.4% | 0.0% |
| ARC HOME LLC | $225,000 | $675,000 | 200.0% | 0.0% |
| East Cambridge Savings Bank | $205,000 | $675,000 | 229.3% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $985,000 | $670,000 | -32.0% | 0.0% |
| Beeline Loans, Inc. | $660,000 | n/a | 0.0% | |
| CENTRAL ONE FEDERAL CREDIT UNION | $945,000 | $660,000 | -30.2% | 0.0% |
| First Federal Bank | $540,000 | $640,000 | 18.5% | 0.0% |
| UNION HOME MORTGAGE CORP. | $515,000 | $635,000 | 23.3% | 0.0% |
| BAY EQUITY LLC | $7,350,000 | $630,000 | -91.4% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $185,000 | $625,000 | 237.8% | 0.0% |
| PLANET HOME LENDING, LLC | $520,000 | $620,000 | 19.2% | 0.0% |
| Carrington Mortgage Services, LLC | $595,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $1,350,000 | $595,000 | -55.9% | 0.0% |
| METRO | $1,600,000 | $580,000 | -63.8% | 0.0% |
| Citadel Servicing Corporation | $560,000 | n/a | 0.0% | |
| Metro City Bank | $2,595,000 | $560,000 | -78.4% | 0.0% |
| Princeton Mortgage Corporation | $770,000 | $550,000 | -28.6% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $285,000 | $535,000 | 87.7% | 0.0% |
| Quontic Bank | $1,910,000 | $535,000 | -72.0% | 0.0% |
| Peoples Bank | $530,000 | n/a | 0.0% | |
| NexBank | $520,000 | n/a | 0.0% | |
| Milford Federal Bank | $300,000 | $515,000 | 71.7% | 0.0% |
| MILLBURY FEDERAL CREDIT UNION | $795,000 | $515,000 | -35.2% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $510,000 | n/a | 0.0% | |
| BayCoast Bank | $1,225,000 | $510,000 | -58.4% | 0.0% |
| BNC National Bank | $1,065,000 | $505,000 | -52.6% | 0.0% |
| Raymond James Bank | $505,000 | n/a | 0.0% | |
| Lee Bank | $1,115,000 | $490,000 | -56.1% | 0.0% |
| PREMIA MORTGAGE, LLC | $640,000 | $490,000 | -23.4% | 0.0% |
| UniBank for Savings | $1,485,000 | $490,000 | -67.0% | 0.0% |
| Farmers Bank & Trust | $485,000 | n/a | 0.0% | |
| RTN FEDERAL CREDIT UNION | $485,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $510,000 | $485,000 | -4.9% | 0.0% |
| Service Federal Credit Union | $1,470,000 | $470,000 | -68.0% | 0.0% |
| GEORGIA'S OWN | $385,000 | $460,000 | 19.5% | 0.0% |
| Ixonia Bank | $175,000 | $460,000 | 162.9% | 0.0% |
| SILVER HILL FUNDING, LLC | $195,000 | $460,000 | 135.9% | 0.0% |
| Bristol County Savings Bank | $455,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $1,010,000 | $450,000 | -55.4% | 0.0% |
| Everett Co-operative Bank | $425,000 | n/a | 0.0% | |
| GREENWOOD | $1,045,000 | $425,000 | -59.3% | 0.0% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $425,000 | n/a | 0.0% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $425,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $75,000 | $405,000 | 440.0% | 0.0% |
| Heritage Bank | $405,000 | n/a | 0.0% | |
| First Republic Bank | $1,175,000 | $395,000 | -66.4% | 0.0% |
| S1L, Inc. | $395,000 | n/a | 0.0% | |
| NP, Inc. | $390,000 | n/a | 0.0% | |
| Salem Five Cents Savings Bank | $870,000 | $380,000 | -56.3% | 0.0% |
| OAKTREE FUNDING CORP. | $440,000 | $375,000 | -14.8% | 0.0% |
| Jeanne D'Arc Credit Union | $1,930,000 | $370,000 | -80.8% | 0.0% |
| East West Bank | $225,000 | $365,000 | 62.2% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $365,000 | n/a | 0.0% | |
| UIF CORPORATION | $365,000 | n/a | 0.0% | |
| ONY GLO, INC. | $355,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $355,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $480,000 | $345,000 | -28.1% | 0.0% |
| Vellum Mortgage, Inc. | $345,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $915,000 | $335,000 | -63.4% | 0.0% |
| AMERICAN HERITAGE FCU | $335,000 | n/a | 0.0% | |
| Pentucket Bank | $325,000 | n/a | 0.0% | |
| The People's Credit Union | $2,355,000 | $325,000 | -86.2% | 0.0% |
| The Washington Trust Company, of Westerly | $1,515,000 | $325,000 | -78.5% | 0.0% |
| Victorian Finance, LLC | $325,000 | n/a | 0.0% | |
| Arvest Bank | $95,000 | $315,000 | 231.6% | 0.0% |
| HOME TOWN FUNDING, INC. | $315,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $530,000 | $315,000 | -40.6% | 0.0% |
| MILEND, INC. | $195,000 | $310,000 | 59.0% | 0.0% |
| Bay State Savings Bank | $755,000 | $285,000 | -62.3% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $285,000 | n/a | 0.0% | |
| Lincoln Savings Bank | $285,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $55,000 | $285,000 | 418.2% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $915,000 | $280,000 | -69.4% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $1,030,000 | $280,000 | -72.8% | 0.0% |
| IVY MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $305,000 | $275,000 | -9.8% | 0.0% |
| The Cooperative Bank | $275,000 | n/a | 0.0% | |
| Bridgewater Savings Bank | $265,000 | n/a | 0.0% | |
| First Savings Bank | $4,430,000 | $265,000 | -94.0% | 0.0% |
| Network Funding, L.P. | $265,000 | n/a | 0.0% | |
| Bar Harbor Bank & Trust | $255,000 | n/a | 0.0% | |
| Cambridge Trust Company | $705,000 | $255,000 | -63.8% | 0.0% |
| Truist | $320,000 | $255,000 | -20.3% | 0.0% |
| Encompass Lending Group, LP | $245,000 | n/a | 0.0% | |
| LOANPAL, LLC | $245,000 | n/a | 0.0% | |
| Rollstone Bank & Trust | $165,000 | $245,000 | 48.5% | 0.0% |
| The Bank of Canton | $135,000 | $240,000 | 77.8% | 0.0% |
| TREMONT CREDIT UNION | $235,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $2,355,000 | $225,000 | -90.4% | 0.0% |
| Byline Bank | $225,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $245,000 | $215,000 | -12.2% | 0.0% |
| MASS BAY Credit Union | $215,000 | n/a | 0.0% | |
| NEW ENGLAND FEDERAL CREDIT UNION | $215,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $795,000 | $210,000 | -73.6% | 0.0% |
| Coastal Heritage Bank | $855,000 | $205,000 | -76.0% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $36,640,000 | $205,000 | -99.4% | 0.0% |
| MERRIMACK VALLEY | $205,000 | n/a | 0.0% | |
| Ross Mortgage Company, Inc. | $1,570,000 | $205,000 | -86.9% | 0.0% |
| Salisbury Bank and Trust Company | $145,000 | $205,000 | 41.4% | 0.0% |
| Secured Investment Corp. | $205,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $305,000 | $195,000 | -36.1% | 0.0% |
| Hometown Equity Mortgage, LLC | $410,000 | $195,000 | -52.4% | 0.0% |
| American Airlines Federal Credit Union | $445,000 | $185,000 | -58.4% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $1,115,000 | $185,000 | -83.4% | 0.0% |
| EQUITY RESOURCES, INC. | $145,000 | $185,000 | 27.6% | 0.0% |
| Luxury Mortgage Corp. | $1,905,000 | $185,000 | -90.3% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $185,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $180,000 | n/a | 0.0% | |
| BankNewport | $1,550,000 | $175,000 | -88.7% | 0.0% |
| HARTFORD FUNDING, LTD. | $175,000 | n/a | 0.0% | |
| Performance Financial, Inc. | $175,000 | n/a | 0.0% | |
| Centreville Bank | $125,000 | $165,000 | 32.0% | 0.0% |
| FBC MORTGAGE, LLC | $245,000 | $165,000 | -32.7% | 0.0% |
| FOUR POINTS | $160,000 | n/a | 0.0% | |
| City of Boston Credit Union | $825,000 | $155,000 | -81.2% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,275,000 | $145,000 | -88.6% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $340,000 | $135,000 | -60.3% | 0.0% |
| Baxter Credit Union | $135,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $135,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $135,000 | n/a | 0.0% | |
| The Savings Bank | $305,000 | $135,000 | -55.7% | 0.0% |
| Northwest Community Bank | $1,705,000 | $130,000 | -92.4% | 0.0% |
| SIRVA MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
| Windsor Locks Federal Credit Union | $120,000 | n/a | 0.0% | |
| ITHINK FINANCIAL Credit Union | $105,000 | n/a | 0.0% | |
| Southwest Airlines Federal Credit Union | $105,000 | n/a | 0.0% | |
| NATIONAL COOPERATIVE BANK, N.A. | $245,000 | $95,000 | -61.2% | 0.0% |
| WESTERLY COMMUNITY | $655,000 | $95,000 | -85.5% | 0.0% |
| HarborOne Bank | $515,000 | $90,000 | -82.5% | 0.0% |
| HARVARD UNIVERSITY EMPLOYEES | $610,000 | $80,000 | -86.9% | 0.0% |
| Brookline Bank | $75,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $75,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $165,000 | $65,000 | -60.6% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $205,000 | $55,000 | -73.2% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $245,000 | $55,000 | -77.6% | 0.0% |
| OCEAN STATE CREDIT UNION | $385,000 | $45,000 | -88.3% | 0.0% |
| FINEX CREDIT UNION | $360,000 | $35,000 | -90.3% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
SPRINGFIELD's top lender by overall market share is Greenfield Savings Bank, with 5.1% market share. In second place, with 4.6%, is Florence Bank, having originated $114,340,000 in loans. In third place, with 4.4%, is MOVEMENT MORTGAGE, LLC, having originated $108,295,000 in loans. In fourth place, with 3.9%, is PeoplesBank, having originated $95,780,000 in loans. In fifth place, with 3.9%, is Citizens Bank, having originated $95,500,000 in loans.
SPRINGFIELD, MA Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 1001 | Springfield, MA HUD Metro FMR Area | $890 | $1,070 | $1,330 | $1,630 | $1,960 |
| 1002 | Springfield, MA HUD Metro FMR Area | $1,090 | $1,320 | $1,630 | $2,000 | $2,400 |
| 1003 | Springfield, MA HUD Metro FMR Area | $1,070 | $1,300 | $1,600 | $1,960 | $2,360 |
| 1007 | Springfield, MA HUD Metro FMR Area | $840 | $1,020 | $1,260 | $1,540 | $1,850 |
| 1008 | Springfield, MA HUD Metro FMR Area | $990 | $1,180 | $1,480 | $1,830 | $2,190 |
| 1009 | Springfield, MA HUD Metro FMR Area | $850 | $1,030 | $1,270 | $1,560 | $1,870 |
| 1010 | Springfield, MA HUD Metro FMR Area | $770 | $930 | $1,150 | $1,410 | $1,690 |
| 1011 | Springfield, MA HUD Metro FMR Area | $800 | $960 | $1,190 | $1,460 | $1,750 |
| 1012 | Springfield, MA HUD Metro FMR Area | $940 | $1,130 | $1,400 | $1,710 | $2,060 |
| 1013 | Springfield, MA HUD Metro FMR Area | $760 | $920 | $1,140 | $1,400 | $1,680 |
| 1014 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1020 | Springfield, MA HUD Metro FMR Area | $820 | $990 | $1,230 | $1,510 | $1,810 |
| 1021 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1022 | Springfield, MA HUD Metro FMR Area | $1,120 | $1,350 | $1,670 | $2,040 | $2,460 |
| 1026 | Springfield, MA HUD Metro FMR Area | $850 | $920 | $1,210 | $1,490 | $1,690 |
| 1027 | Springfield, MA HUD Metro FMR Area | $810 | $980 | $1,210 | $1,480 | $1,780 |
| 1028 | Springfield, MA HUD Metro FMR Area | $800 | $970 | $1,200 | $1,470 | $1,770 |
| 1030 | Springfield, MA HUD Metro FMR Area | $840 | $1,010 | $1,250 | $1,530 | $1,840 |
| 1032 | Springfield, MA HUD Metro FMR Area | $910 | $1,100 | $1,360 | $1,670 | $2,000 |
| 1033 | Springfield, MA HUD Metro FMR Area | $700 | $850 | $1,050 | $1,290 | $1,540 |
| 1034 | Springfield, MA HUD Metro FMR Area | $1,060 | $1,270 | $1,580 | $1,930 | $2,320 |
| 1035 | Springfield, MA HUD Metro FMR Area | $960 | $1,160 | $1,440 | $1,760 | $2,120 |
| 1036 | Springfield, MA HUD Metro FMR Area | $910 | $1,100 | $1,360 | $1,670 | $2,000 |
| 1038 | Springfield, MA HUD Metro FMR Area | $940 | $1,140 | $1,410 | $1,730 | $2,070 |
| 1039 | Springfield, MA HUD Metro FMR Area | $1,010 | $1,220 | $1,510 | $1,850 | $2,220 |
| 1040 | Springfield, MA HUD Metro FMR Area | $760 | $910 | $1,130 | $1,380 | $1,660 |
| 1041 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1050 | Springfield, MA HUD Metro FMR Area | $780 | $940 | $1,170 | $1,430 | $1,720 |
| 1053 | Springfield, MA HUD Metro FMR Area | $1,220 | $1,480 | $1,830 | $2,240 | $2,690 |
| 1056 | Springfield, MA HUD Metro FMR Area | $830 | $1,000 | $1,240 | $1,520 | $1,820 |
| 1057 | Springfield, MA HUD Metro FMR Area | $710 | $860 | $1,060 | $1,300 | $1,560 |
| 1060 | Springfield, MA HUD Metro FMR Area | $1,080 | $1,300 | $1,610 | $1,970 | $2,370 |
| 1061 | Springfield, MA HUD Metro FMR Area | $920 | $1,110 | $1,380 | $1,690 | $2,030 |
| 1062 | Springfield, MA HUD Metro FMR Area | $840 | $1,020 | $1,260 | $1,540 | $1,850 |
| 1063 | Springfield, MA HUD Metro FMR Area | $920 | $1,110 | $1,380 | $1,690 | $2,030 |
| 1066 | Springfield, MA HUD Metro FMR Area | $840 | $1,000 | $1,240 | $1,530 | $1,830 |
| 1069 | Springfield, MA HUD Metro FMR Area | $770 | $930 | $1,150 | $1,410 | $1,690 |
| 1070 | Springfield, MA HUD Metro FMR Area | $850 | $920 | $1,210 | $1,490 | $1,690 |
| 1071 | Springfield, MA HUD Metro FMR Area | $710 | $860 | $1,060 | $1,300 | $1,560 |
| 1073 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1075 | Springfield, MA HUD Metro FMR Area | $800 | $960 | $1,190 | $1,460 | $1,750 |
| 1077 | Springfield, MA HUD Metro FMR Area | $860 | $1,030 | $1,280 | $1,570 | $1,880 |
| 1079 | Springfield, MA HUD Metro FMR Area | $1,180 | $1,420 | $1,760 | $2,150 | $2,590 |
| 1080 | Springfield, MA HUD Metro FMR Area | $780 | $940 | $1,160 | $1,420 | $1,710 |
| 1081 | Springfield, MA HUD Metro FMR Area | $680 | $810 | $1,010 | $1,240 | $1,490 |
| 1082 | Springfield, MA HUD Metro FMR Area | $780 | $940 | $1,170 | $1,430 | $1,720 |
| 1084 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,450 | $1,740 |
| 1085 | Springfield, MA HUD Metro FMR Area | $810 | $980 | $1,210 | $1,480 | $1,780 |
| 1088 | Springfield, MA HUD Metro FMR Area | $800 | $960 | $1,190 | $1,460 | $1,750 |
| 1089 | Springfield, MA HUD Metro FMR Area | $720 | $860 | $1,070 | $1,310 | $1,570 |
| 1090 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1095 | Springfield, MA HUD Metro FMR Area | $780 | $940 | $1,170 | $1,430 | $1,720 |
| 1096 | Springfield, MA HUD Metro FMR Area | $920 | $1,110 | $1,370 | $1,680 | $2,020 |
| 1097 | Springfield, MA HUD Metro FMR Area | $740 | $900 | $1,110 | $1,360 | $1,640 |
| 1098 | Springfield, MA HUD Metro FMR Area | $660 | $790 | $990 | $1,220 | $1,470 |
| 1101 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1103 | Springfield, MA HUD Metro FMR Area | $840 | $1,020 | $1,260 | $1,540 | $1,850 |
| 1104 | Springfield, MA HUD Metro FMR Area | $800 | $970 | $1,200 | $1,470 | $1,770 |
| 1105 | Springfield, MA HUD Metro FMR Area | $690 | $830 | $1,030 | $1,260 | $1,520 |
| 1106 | Springfield, MA HUD Metro FMR Area | $1,220 | $1,480 | $1,830 | $2,240 | $2,690 |
| 1107 | Springfield, MA HUD Metro FMR Area | $830 | $1,000 | $1,240 | $1,520 | $1,820 |
| 1108 | Springfield, MA HUD Metro FMR Area | $820 | $990 | $1,230 | $1,510 | $1,810 |
| 1109 | Springfield, MA HUD Metro FMR Area | $850 | $1,020 | $1,270 | $1,550 | $1,870 |
| 1115 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1116 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1118 | Springfield, MA HUD Metro FMR Area | $950 | $1,150 | $1,420 | $1,740 | $2,090 |
| 1119 | Springfield, MA HUD Metro FMR Area | $870 | $1,050 | $1,300 | $1,590 | $1,910 |
| 1128 | Springfield, MA HUD Metro FMR Area | $990 | $1,180 | $1,480 | $1,830 | $2,190 |
| 1129 | Springfield, MA HUD Metro FMR Area | $920 | $1,110 | $1,380 | $1,690 | $2,030 |
| 1138 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1139 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1144 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1151 | Springfield, MA HUD Metro FMR Area | $850 | $1,020 | $1,270 | $1,550 | $1,870 |
| 1152 | Springfield, MA HUD Metro FMR Area | $790 | $950 | $1,180 | $1,440 | $1,740 |
| 1223 | Springfield, MA HUD Metro FMR Area | $1,210 | $1,380 | $1,810 | $2,200 | $2,660 |
| 1235 | Springfield, MA HUD Metro FMR Area | $850 | $920 | $1,210 | $1,490 | $1,690 |
| 1243 | Springfield, MA HUD Metro FMR Area | $870 | $1,020 | $1,290 | $1,580 | $1,890 |
| 1330 | Springfield, MA HUD Metro FMR Area | $720 | $820 | $1,050 | $1,350 | $1,510 |
| 1339 | Springfield, MA HUD Metro FMR Area | $740 | $860 | $1,110 | $1,380 | $1,590 |
| 1521 | Springfield, MA HUD Metro FMR Area | $1,000 | $1,210 | $1,500 | $1,840 | $2,210 |
2022 Average & Median Rent Data Statistics
SPRINGFIELD, MA average 1BR rent: $1,030, median: $980
SPRINGFIELD, MA average 2BR rent: $1,282, median: $1,210
SPRINGFIELD, MA average 3BR rent: $1,571, median: $1,490
SPRINGFIELD, MA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,643 | $1,762,075,000 | $312,259 |
| Home Improvement | 1,728 | $146,600,000 | $84,838 |
| Other | 1,239 | $113,265,000 | $91,416 |
| Refi | 1,171 | $219,345,000 | $187,314 |
| Cash Out Refi | 1,147 | $218,425,000 | $190,432 |
Springfield's most frequently cited loan purpose was Home Purchase, with 5,643 originations. The 2nd most popular reason was Home Improvement, with 1,728 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 3,783 | $970,405,000 | $256,517 |
| 7-8% | 2,048 | $482,620,000 | $235,654 |
| 5-6% | 1,809 | $475,025,000 | $262,590 |
| Over 8% | 1,415 | $168,975,000 | $119,417 |
| <2.5% | 649 | $69,565,000 | $107,188 |
| 4-5% | 421 | $116,075,000 | $275,713 |
| 3-4% | 52 | $9,240,000 | $177,692 |
| 2.5-3% | 8 | $1,850,000 | $231,250 |
During 2023, Springfield's most frequently originated rate bucket was 6-7%, with 3,783 originations.
Loan Sizing (SPRINGFIELD, MA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 4,674 | $1,304,390,000 | $279,074 |
| $100,000 or less | 3,159 | $159,095,000 | $50,362 |
| $100k-200k | 2,183 | $318,585,000 | $145,939 |
| $400k-600k | 710 | $334,650,000 | $471,338 |
| $600k-1000k | 141 | $98,695,000 | $699,965 |
| $Over $1MM | 61 | $244,295,000 | $4,004,836 |
SPRINGFIELD's loan sizing saw the bucket of loans from $200k-400k with 4,674 originations, totaling $1,304,390,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,548 | $1,084,350,000 | $305,623 |
| Under 20% | 2,169 | $103,815,000 | $47,863 |
| 60-80% | 1,949 | $700,675,000 | $359,505 |
| 20-40% | 1,497 | $170,705,000 | $114,031 |
| 40-60% | 925 | $218,695,000 | $236,427 |
| Over 100% | 83 | $28,765,000 | $346,566 |
SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,548 originations, totaling $1,084,350,000 in origination value.