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
6.83%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.96% and
one month ago for the week of 2025-05-15, the
average rate was 6.63%.
Springfield's average rate one year ago was 6.77%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.64%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Springfield 30 Year Fixed Rate | 2025-06-18 | 6.83% |
| Springfield 30 Year Fixed Rate Refi | 2025-06-18 | 7.64% |
| Springfield 15 Year Fixed Rate | 2025-06-18 | 6.21% |
| Springfield 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Springfield 30 Year FHA | 2025-06-18 | 0.16% |
| Springfield 30 Year FHA Refi | 2025-06-18 | -0.37% |
| Springfield 30 Year USDA | 2025-06-18 | -0.2% |
| Springfield 30 Year USDA Refi | 2025-06-18 | 0% |
| Springfield 30 Year VA | 2025-06-18 | 0.21% |
| Springfield 30 Year VA Refi | 2025-06-18 | -0.26% |
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 211 lenders originated 11,838
loans during 2024. The total origination value was $2,716,990,000, with an average loan value of
$229,514.
SPRINGFIELD's average closing costs are $5,624.
The top SPRINGFIELD lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
241 loans originated. Their average total fees are
$6,975, which is $2,734
higher than the next largest lender,
Westfield Bank.
The lowest fee SPRINGFIELD lenders (with over 10 loans originated) are
TD Bank ($3,114), MEMBERS MORTGAGE COMPANY, INC. ($3,218), GREATER SPRINGFIELD CREDIT UNION ($3,416), Liberty Bank ($3,676) and Easthampton Savings Bank ($3,824).
The lowest rate SPRINGFIELD lenders (with over 10 loans originated) are
Florence Bank (5.80%), Greenfield Savings Bank (5.84%), POLISH NATIONAL (6.01%), LUSO (6.09%) and GREATER SPRINGFIELD CREDIT UNION (6.23%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Greenfield Savings Bank | $126,605,000 | $137,260,000 | 8.4% | 5.1% |
| Westfield Bank | $79,290,000 | $126,630,000 | 59.7% | 4.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $88,580,000 | $125,060,000 | 41.2% | 4.6% |
| QUICKEN LOANS, LLC | $89,730,000 | $109,900,000 | 22.5% | 4.0% |
| PeoplesBank | $95,780,000 | $105,595,000 | 10.2% | 3.9% |
| Florence Bank | $114,340,000 | $102,765,000 | -10.1% | 3.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $76,910,000 | $101,265,000 | 31.7% | 3.7% |
| Citizens Bank | $95,500,000 | $78,095,000 | -18.2% | 2.9% |
| HARBORONE MORTGAGE, LLC | $54,340,000 | $70,895,000 | 30.5% | 2.6% |
| CMG MORTGAGE, INC. | $8,750,000 | $66,020,000 | 654.5% | 2.4% |
| MOVEMENT MORTGAGE, LLC | $108,295,000 | $63,150,000 | -41.7% | 2.3% |
| Easthampton Savings Bank | $71,525,000 | $60,990,000 | -14.7% | 2.2% |
| Greenfield Co-operative Bank | $56,415,000 | $58,300,000 | 3.3% | 2.1% |
| BROKER SOLUTIONS, INC. | $5,725,000 | $56,595,000 | 888.6% | 2.1% |
| GUILD MORTGAGE COMPANY | $42,380,000 | $55,670,000 | 31.4% | 2.0% |
| GUARANTEED RATE, INC. | $35,480,000 | $52,230,000 | 47.2% | 1.9% |
| POLISH NATIONAL | $25,300,000 | $50,360,000 | 99.1% | 1.9% |
| Country Bank for Savings | $43,775,000 | $48,290,000 | 10.3% | 1.8% |
| Mortgage Research Center, LLC | $34,145,000 | $40,030,000 | 17.2% | 1.5% |
| TD Bank | $45,535,000 | $38,785,000 | -14.8% | 1.4% |
| TOTAL MORTGAGE SERVICES, LLC | $23,700,000 | $37,545,000 | 58.4% | 1.4% |
| Monson Savings Bank | $27,645,000 | $37,115,000 | 34.3% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $27,800,000 | $34,040,000 | 22.4% | 1.3% |
| NORTHPOINT MORTGAGE, INC. | $32,945,000 | $31,890,000 | -3.2% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $13,680,000 | $31,825,000 | 132.6% | 1.2% |
| M&T Bank | $23,175,000 | $31,270,000 | 34.9% | 1.2% |
| UMASSFIVE COLLEGE Federal Credit Union | $26,445,000 | $29,015,000 | 9.7% | 1.1% |
| Freedom Credit Union | $52,585,000 | $27,965,000 | -46.8% | 1.0% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $8,670,000 | $27,910,000 | 221.9% | 1.0% |
| HOMESTEAD FUNDING CORP. | $16,415,000 | $27,035,000 | 64.7% | 1.0% |
| Bank of America | $23,345,000 | $25,635,000 | 9.8% | 0.9% |
| Berkshire Bank | $23,135,000 | $23,520,000 | 1.7% | 0.9% |
| LOANDEPOT.COM, LLC | $11,730,000 | $21,705,000 | 85.0% | 0.8% |
| NEWREZ LLC | $14,095,000 | $21,380,000 | 51.7% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $17,145,000 | $20,885,000 | 21.8% | 0.8% |
| RADIUS FINANCIAL GROUP INC. | $20,495,000 | $19,925,000 | -2.8% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $13,955,000 | $18,885,000 | 35.3% | 0.7% |
| JPMorgan Chase Bank | $11,350,000 | $18,615,000 | 64.0% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,530,000 | $18,165,000 | 90.6% | 0.7% |
| Evolve Bank & Trust | $19,210,000 | $17,345,000 | -9.7% | 0.6% |
| NORWICH COMMERCIAL GROUP, INC. | $32,430,000 | $16,750,000 | -48.4% | 0.6% |
| LUSO | $7,735,000 | $16,300,000 | 110.7% | 0.6% |
| HOLYOKE | $16,960,000 | $13,725,000 | -19.1% | 0.5% |
| NBT Bank | $1,500,000 | $13,250,000 | 783.3% | 0.5% |
| Paramount Residential Mortgage Group, Inc. | $15,100,000 | $13,105,000 | -13.2% | 0.5% |
| LENDINGHOME FUNDING CORPORATION | $7,220,000 | $12,855,000 | 78.0% | 0.5% |
| GUARANTEED RATE AFFINITY, LLC | $17,340,000 | $12,805,000 | -26.2% | 0.5% |
| GREATER SPRINGFIELD CREDIT UNION | $8,110,000 | $12,205,000 | 50.5% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $1,835,000 | $11,460,000 | 524.5% | 0.4% |
| Semper Home Loans, Inc. | $17,220,000 | $10,960,000 | -36.4% | 0.4% |
| Liberty Bank | $4,485,000 | $10,915,000 | 143.4% | 0.4% |
| MASSMUTUAL | $10,295,000 | $10,850,000 | 5.4% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $7,585,000 | $10,470,000 | 38.0% | 0.4% |
| Leader Bank | $11,395,000 | $9,590,000 | -15.8% | 0.4% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $15,555,000 | $9,370,000 | -39.8% | 0.3% |
| GENEVA FINANCIAL, LLC | $7,410,000 | $9,030,000 | 21.9% | 0.3% |
| FIRST COLONY MORTGAGE CORPORATION | $7,785,000 | n/a | 0.3% | |
| Alden Credit Union | $14,080,000 | $7,430,000 | -47.2% | 0.3% |
| USAA Federal Savings Bank | $8,585,000 | $7,325,000 | -14.7% | 0.3% |
| FIRST WORLD MORTGAGE CORPORATION | $5,760,000 | $7,280,000 | 26.4% | 0.3% |
| MEMBERS MORTGAGE COMPANY, INC. | $1,715,000 | $7,180,000 | 318.7% | 0.3% |
| WILLIAM RAVEIS MORTGAGE, LLC | $4,325,000 | $6,870,000 | 58.8% | 0.3% |
| EMM LOANS LLC | $5,125,000 | $6,810,000 | 32.9% | 0.3% |
| ARRHA Credit Union | $7,365,000 | $6,705,000 | -9.0% | 0.2% |
| Community Bank | $5,210,000 | $6,375,000 | 22.4% | 0.2% |
| Keystone Funding, Inc. | $6,105,000 | $6,330,000 | 3.7% | 0.2% |
| MORTGAGE EQUITY PARTNERS LLC | $5,715,000 | $6,305,000 | 10.3% | 0.2% |
| U.S. Bank | $5,090,000 | $5,985,000 | 17.6% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,810,000 | $5,885,000 | 225.1% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $425,000 | $5,755,000 | 1,254.1% | 0.2% |
| Nations Lending Corporation | $3,460,000 | $5,705,000 | 64.9% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $6,950,000 | $5,690,000 | -18.1% | 0.2% |
| BAYCOAST MORTGAGE COMPANY, LLC | $2,550,000 | $5,570,000 | 118.4% | 0.2% |
| OCMBC, INC. | $2,890,000 | $5,365,000 | 85.6% | 0.2% |
| Workers Credit Union | $4,170,000 | $5,150,000 | 23.5% | 0.2% |
| Equity Prime Mortgage LLC | $2,250,000 | $4,960,000 | 120.4% | 0.2% |
| General Mortgage Capital Corporation | $4,900,000 | n/a | 0.2% | |
| NORTHERN MORTGAGE SERVICES, LLC | $5,565,000 | $4,900,000 | -11.9% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $3,110,000 | $4,880,000 | 56.9% | 0.2% |
| CIBM Bank | $4,260,000 | $4,875,000 | 14.4% | 0.2% |
| Chelsea Groton Bank | $4,805,000 | n/a | 0.2% | |
| AMERICAN HERITAGE LENDING, INC. | $625,000 | $4,720,000 | 655.2% | 0.2% |
| Wells Fargo Bank | $5,360,000 | $4,510,000 | -15.9% | 0.2% |
| KeyBank | $7,125,000 | $4,385,000 | -38.5% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,740,000 | $4,345,000 | -8.3% | 0.2% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $5,320,000 | $4,340,000 | -18.4% | 0.2% |
| DIGITAL Federal Credit Union | $3,670,000 | $4,295,000 | 17.0% | 0.2% |
| Discover Bank | $4,975,000 | $4,160,000 | -16.4% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $280,000 | $4,115,000 | 1,369.6% | 0.2% |
| T2 FINANCIAL LLC | $2,630,000 | $4,030,000 | 53.2% | 0.1% |
| MSA MORTGAGE, LLC | $4,005,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,135,000 | $3,805,000 | 78.2% | 0.1% |
| The Federal Savings Bank | $4,755,000 | $3,575,000 | -24.8% | 0.1% |
| Cornerstone Bank | $3,600,000 | $3,555,000 | -1.3% | 0.1% |
| SOUTHBRIDGE CREDIT UNION | $3,090,000 | $3,450,000 | 11.7% | 0.1% |
| NBKC BANK | $3,555,000 | $3,385,000 | -4.8% | 0.1% |
| Adams Community Bank | $2,875,000 | $3,335,000 | 16.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,250,000 | $3,120,000 | 38.7% | 0.1% |
| Arbor Realty Trust, Inc. | $18,885,000 | $3,105,000 | -83.6% | 0.1% |
| EVERETT FINANCIAL, INC. | $3,495,000 | $2,985,000 | -14.6% | 0.1% |
| Hometown Equity Mortgage, LLC | $195,000 | $2,985,000 | 1,430.8% | 0.1% |
| Morgan Stanley Private Bank | $2,780,000 | $2,985,000 | 7.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $2,795,000 | $2,985,000 | 6.8% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $2,425,000 | $2,955,000 | 21.9% | 0.1% |
| NFM, INC. | $785,000 | $2,890,000 | 268.2% | 0.1% |
| Figure Lending LLC | $3,690,000 | $2,845,000 | -22.9% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $2,765,000 | n/a | 0.1% | |
| ARC HOME LLC | $675,000 | $2,755,000 | 308.1% | 0.1% |
| Savers Co-operative Bank | $4,385,000 | $2,685,000 | -38.8% | 0.1% |
| Windosr Federal Savings & Loan Association | $1,510,000 | $2,620,000 | 73.5% | 0.1% |
| Prosperity Home Mortgage, LLC | $2,285,000 | $2,560,000 | 12.0% | 0.1% |
| DREW MORTGAGE ASSOCIATES, INC. | $705,000 | $2,540,000 | 260.3% | 0.1% |
| Webster Bank | $12,355,000 | $2,535,000 | -79.5% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $2,330,000 | $2,510,000 | 7.7% | 0.1% |
| Farm Credit East, ACA | $2,490,000 | $2,470,000 | -0.8% | 0.1% |
| LEOMINSTER CREDIT UNION | $3,095,000 | $2,470,000 | -20.2% | 0.1% |
| METRO | $580,000 | $2,440,000 | 320.7% | 0.1% |
| GREYLOCK | $2,365,000 | $2,405,000 | 1.7% | 0.1% |
| EMBRACE HOME LOANS, INC. | $3,520,000 | $2,370,000 | -32.7% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $13,170,000 | $2,370,000 | -82.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,225,000 | $2,310,000 | 88.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $905,000 | $2,300,000 | 154.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,895,000 | $2,280,000 | 20.3% | 0.1% |
| JMAC LENDING, INC. | $1,210,000 | $2,255,000 | 86.4% | 0.1% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $3,290,000 | $2,220,000 | -32.5% | 0.1% |
| PNC Bank | $1,585,000 | $2,200,000 | 38.8% | 0.1% |
| CARDINAL FINANCIAL | $3,425,000 | $2,160,000 | -36.9% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $1,365,000 | $2,160,000 | 58.2% | 0.1% |
| 360 Federal Credit Union | $1,490,000 | $2,145,000 | 44.0% | 0.1% |
| Fidelity Co-operative Bank | $21,515,000 | $2,130,000 | -90.1% | 0.1% |
| HOMESPIRE MORTGAGE CORPORATION | $5,250,000 | $2,130,000 | -59.4% | 0.1% |
| ATHOL CREDIT UNION | $2,150,000 | $2,085,000 | -3.0% | 0.1% |
| HANSCOM | $2,345,000 | $2,055,000 | -12.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $965,000 | $1,970,000 | 104.1% | 0.1% |
| Flagstar Bank, FSB | $2,140,000 | $1,970,000 | -7.9% | 0.1% |
| LOANPAL, LLC | $245,000 | $1,950,000 | 695.9% | 0.1% |
| MORTGAGE MARKETS CUSO, LLC | $1,080,000 | $1,935,000 | 79.2% | 0.1% |
| North Brookfield Savings Bank | $3,300,000 | $1,920,000 | -41.8% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $2,810,000 | $1,910,000 | -32.0% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $1,030,000 | $1,905,000 | 85.0% | 0.1% |
| NEW FED MORTGAGE, CORP. | $2,470,000 | $1,900,000 | -23.1% | 0.1% |
| PHH Mortgage Corporation | $915,000 | $1,880,000 | 105.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $225,000 | $1,825,000 | 711.1% | 0.1% |
| LENDINGONE, LLC | $450,000 | $1,795,000 | 298.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,680,000 | $1,790,000 | -33.2% | 0.1% |
| Eastern Bank | $2,165,000 | $1,680,000 | -22.4% | 0.1% |
| The Savings Bank | $135,000 | $1,665,000 | 1,133.3% | 0.1% |
| Magnolia Bank | $1,640,000 | n/a | 0.1% | |
| BMO Harris Bank | $1,605,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $630,000 | $1,540,000 | 144.4% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $810,000 | $1,540,000 | 90.1% | 0.1% |
| FIRST MORTGAGE COMPANY, INC. | $2,340,000 | $1,535,000 | -34.4% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $1,060,000 | $1,495,000 | 41.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $1,765,000 | $1,460,000 | -17.3% | 0.1% |
| WEBSTER FIRST Federal Credit Union | $1,520,000 | $1,460,000 | -3.9% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $850,000 | $1,450,000 | 70.6% | 0.1% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $1,770,000 | $1,410,000 | -20.3% | 0.1% |
| AMWEST FUNDING CORP. | $405,000 | $1,395,000 | 244.4% | 0.1% |
| Plains Commerce Bank | $1,785,000 | $1,390,000 | -22.1% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,130,000 | $1,380,000 | 22.1% | 0.1% |
| CENTRAL ONE FEDERAL CREDIT UNION | $660,000 | $1,310,000 | 98.5% | 0.0% |
| Salem Five Cents Savings Bank | $380,000 | $1,270,000 | 234.2% | 0.0% |
| UNION HOME MORTGAGE CORP. | $635,000 | $1,240,000 | 95.3% | 0.0% |
| LENDSURE MORTGAGE CORP. | $1,305,000 | $1,230,000 | -5.7% | 0.0% |
| Logan Finance Corporation | $1,085,000 | $1,195,000 | 10.1% | 0.0% |
| RF Renovo Management Company, LLC | $4,190,000 | $1,195,000 | -71.5% | 0.0% |
| Ally Bank | $2,010,000 | $1,180,000 | -41.3% | 0.0% |
| First National Bank of America | $2,270,000 | $1,175,000 | -48.2% | 0.0% |
| MILEND, INC. | $310,000 | $1,170,000 | 277.4% | 0.0% |
| North American Savings Bank, F.S.B. | $1,140,000 | $1,140,000 | 0.0% | 0.0% |
| The Bank of Canton | $240,000 | $1,125,000 | 368.8% | 0.0% |
| A&D Mortgage LLC | $975,000 | $1,115,000 | 14.4% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $135,000 | $1,105,000 | 718.5% | 0.0% |
| Franklin First Federal Credit Union | $3,240,000 | $1,070,000 | -67.0% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $335,000 | $1,055,000 | 214.9% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $595,000 | $1,050,000 | 76.5% | 0.0% |
| Northpointe Bank | $1,640,000 | $1,035,000 | -36.9% | 0.0% |
| The Cape Cod Five Cents Savings Bank | $780,000 | $1,030,000 | 32.1% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $365,000 | $1,020,000 | 179.5% | 0.0% |
| WESTERLY COMMUNITY | $95,000 | $1,015,000 | 968.4% | 0.0% |
| Quontic Bank | $535,000 | $980,000 | 83.2% | 0.0% |
| The Huntington National Bank | $2,890,000 | $975,000 | -66.3% | 0.0% |
| Citadel Servicing Corporation | $560,000 | $965,000 | 72.3% | 0.0% |
| UniBank for Savings | $490,000 | $945,000 | 92.9% | 0.0% |
| Athol Savings Bank | $1,290,000 | $925,000 | -28.3% | 0.0% |
| The Washington Trust Company, of Westerly | $325,000 | $885,000 | 172.3% | 0.0% |
| Centreville Bank | $165,000 | $880,000 | 433.3% | 0.0% |
| Clinton Savings Bank | $1,980,000 | $880,000 | -55.6% | 0.0% |
| NJ LENDERS CORP. | $1,255,000 | $875,000 | -30.3% | 0.0% |
| Cambridge Savings Bank | $1,350,000 | $860,000 | -36.3% | 0.0% |
| Rockland Trust Company | $14,440,000 | $845,000 | -94.1% | 0.0% |
| PREMIA MORTGAGE, LLC | $490,000 | $840,000 | 71.4% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $985,000 | $825,000 | -16.2% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $1,065,000 | $820,000 | -23.0% | 0.0% |
| Baxter Credit Union | $135,000 | $815,000 | 503.7% | 0.0% |
| Fall River Five Cents Savings Bank | $1,225,000 | $815,000 | -33.5% | 0.0% |
| PRYSMA LENDING GROUP, LLC | $805,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $210,000 | $790,000 | 276.2% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $790,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $315,000 | $790,000 | 150.8% | 0.0% |
| DAS Acquisition Company, LLC | $760,000 | n/a | 0.0% | |
| City National Bank | $755,000 | n/a | 0.0% | |
| Ixonia Bank | $460,000 | $740,000 | 60.9% | 0.0% |
| The Provident Bank | $725,000 | n/a | 0.0% | |
| AMERITRUST MORTGAGE CORPORATION | $715,000 | n/a | 0.0% | |
| GREENWOOD | $425,000 | $705,000 | 65.9% | 0.0% |
| Ross Mortgage Company, Inc. | $205,000 | $700,000 | 241.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $145,000 | $695,000 | 379.3% | 0.0% |
| Farmers Bank & Trust | $485,000 | $680,000 | 40.2% | 0.0% |
| Peoples Bank | $530,000 | $670,000 | 26.4% | 0.0% |
| Dime Bank | $655,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $185,000 | $650,000 | 251.4% | 0.0% |
| Arvest Bank | $315,000 | $635,000 | 101.6% | 0.0% |
| The People's Credit Union | $325,000 | $635,000 | 95.4% | 0.0% |
| HARTFORD FUNDING, LTD. | $175,000 | $610,000 | 248.6% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $875,000 | $605,000 | -30.9% | 0.0% |
| Metro City Bank | $560,000 | $605,000 | 8.0% | 0.0% |
| BECKAM FUNDING CORP. | $590,000 | n/a | 0.0% | |
| Bank of Hope | $560,000 | n/a | 0.0% | |
| Republic State Mortgage Co. | $1,265,000 | $560,000 | -55.7% | 0.0% |
| BNY Mellon | $555,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $745,000 | $555,000 | -25.5% | 0.0% |
| UIF CORPORATION | $365,000 | $520,000 | 42.5% | 0.0% |
| First Federal Bank | $640,000 | $515,000 | -19.5% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $280,000 | $515,000 | 83.9% | 0.0% |
| MountainOne Bank | $1,535,000 | $515,000 | -66.4% | 0.0% |
| NEW ENGLAND FEDERAL CREDIT UNION | $215,000 | $505,000 | 134.9% | 0.0% |
| ALLIANT CREDIT UNION | $345,000 | $495,000 | 43.5% | 0.0% |
| Ballston Spa National Bank | $495,000 | n/a | 0.0% | |
| Cathay Bank | $1,695,000 | $495,000 | -70.8% | 0.0% |
| BayCoast Bank | $510,000 | $480,000 | -5.9% | 0.0% |
| Citibank | $1,975,000 | $475,000 | -75.9% | 0.0% |
| TEACHERS | $470,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $470,000 | n/a | 0.0% | |
| Bar Harbor Bank & Trust | $255,000 | $465,000 | 82.4% | 0.0% |
| GSF Mortgage Corporation | $455,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $450,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $1,735,000 | $450,000 | -74.1% | 0.0% |
| EQUITY RESOURCES, INC. | $185,000 | $450,000 | 143.2% | 0.0% |
| Jeanne D'Arc Credit Union | $370,000 | $450,000 | 21.6% | 0.0% |
| Fifth Third Bank | $445,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $460,000 | $435,000 | -5.4% | 0.0% |
| The Camden National Bank | $745,000 | $435,000 | -41.6% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $430,000 | n/a | 0.0% | |
| Bridgewater Savings Bank | $265,000 | $425,000 | 60.4% | 0.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $6,640,000 | $415,000 | -93.8% | 0.0% |
| Rollstone Bank & Trust | $245,000 | $415,000 | 69.4% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $405,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $275,000 | $400,000 | 45.5% | 0.0% |
| NP, Inc. | $390,000 | $400,000 | 2.6% | 0.0% |
| HARVARD UNIVERSITY EMPLOYEES | $80,000 | $390,000 | 387.5% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $385,000 | n/a | 0.0% | |
| Bristol County Savings Bank | $455,000 | $345,000 | -24.2% | 0.0% |
| Main Street Bank | $1,945,000 | $345,000 | -82.3% | 0.0% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $1,070,000 | $340,000 | -68.2% | 0.0% |
| MEMBERS ADVANTAGE COMMUNITY CREDIT UNION | $335,000 | n/a | 0.0% | |
| East West Bank | $365,000 | $325,000 | -11.0% | 0.0% |
| SPRING EQ, LLC | $180,000 | $320,000 | 77.8% | 0.0% |
| Lee Bank | $490,000 | $315,000 | -35.7% | 0.0% |
| Needham Bank | $700,000 | $315,000 | -55.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $315,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $315,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $185,000 | $305,000 | 64.9% | 0.0% |
| The Cooperative Bank | $275,000 | $305,000 | 10.9% | 0.0% |
| Home Mortgage Alliance Corp | $295,000 | n/a | 0.0% | |
| INTELLILOAN, INC. | $295,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $485,000 | $295,000 | -39.2% | 0.0% |
| Webster Five Cents Savings Bank | $970,000 | $295,000 | -69.6% | 0.0% |
| GFA Federal Credit Union | $2,205,000 | $285,000 | -87.1% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $185,000 | $285,000 | 54.1% | 0.0% |
| OAKTREE FUNDING CORP. | $375,000 | $285,000 | -24.0% | 0.0% |
| OCEAN STATE CREDIT UNION | $45,000 | $285,000 | 533.3% | 0.0% |
| Residential Mortgage Solutions, Inc. | $275,000 | $285,000 | 3.6% | 0.0% |
| Texana Bank | $285,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $945,000 | $275,000 | -70.9% | 0.0% |
| HUNT MORTGAGE CORPORATION | $860,000 | $275,000 | -68.0% | 0.0% |
| Merchants Bank of Indiana | $275,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $285,000 | $275,000 | -3.5% | 0.0% |
| Stifel Bank and Trust | $275,000 | n/a | 0.0% | |
| UBS Bank USA | $275,000 | n/a | 0.0% | |
| Enterprise Bank and Trust Company | $27,775,000 | $265,000 | -99.0% | 0.0% |
| Toyota Financial Savings Bank | $255,000 | n/a | 0.0% | |
| HarborOne Bank | $90,000 | $240,000 | 166.7% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $670,000 | $235,000 | -64.9% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $55,000 | $230,000 | 318.2% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $535,000 | $225,000 | -57.9% | 0.0% |
| Avidia Bank | $1,355,000 | $220,000 | -83.8% | 0.0% |
| Network Funding, L.P. | $265,000 | $215,000 | -18.9% | 0.0% |
| SIRVA MORTGAGE, INC. | $125,000 | $215,000 | 72.0% | 0.0% |
| ADVANCIAL | $210,000 | n/a | 0.0% | |
| EASTMAN | $205,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $1,405,000 | $205,000 | -85.4% | 0.0% |
| Millbury National Bank | $205,000 | n/a | 0.0% | |
| Princeton Mortgage Corporation | $550,000 | $205,000 | -62.7% | 0.0% |
| Carrington Mortgage Services, LLC | $595,000 | $195,000 | -67.2% | 0.0% |
| NEXERA HOLDING LLC | $195,000 | n/a | 0.0% | |
| Service Federal Credit Union | $470,000 | $190,000 | -59.6% | 0.0% |
| St. Mary's Credit Union | $680,000 | $185,000 | -72.8% | 0.0% |
| UNITED MORTGAGE CORP | $185,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $185,000 | $165,000 | -10.8% | 0.0% |
| NORTHEAST HOME LOAN, LLC | $165,000 | n/a | 0.0% | |
| Truist | $255,000 | $165,000 | -35.3% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $510,000 | $155,000 | -69.6% | 0.0% |
| NexBank | $520,000 | $155,000 | -70.2% | 0.0% |
| Axos Bank | $125,000 | n/a | 0.0% | |
| NATIONAL COOPERATIVE BANK, N.A. | $95,000 | $125,000 | 31.6% | 0.0% |
| Elements Financial Federal Credit Union | $105,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $105,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $95,000 | n/a | 0.0% | |
| SIS BANCORP, MHC | $85,000 | n/a | 0.0% | |
| FOUR POINTS | $160,000 | $75,000 | -53.1% | 0.0% |
| ALIGN CREDIT UNION | $1,495,000 | $65,000 | -95.7% | 0.0% |
| BELLWETHER COMMUNITY | $65,000 | n/a | 0.0% | |
| COMMUNITY CREDIT UNION OF LYNN | $65,000 | n/a | 0.0% | |
| Northwest Community Bank | $130,000 | $65,000 | -50.0% | 0.0% |
| The Dutch Point Credit Union, Inc. | $65,000 | n/a | 0.0% | |
| FINEX CREDIT UNION | $35,000 | $60,000 | 71.4% | 0.0% |
| RESIDENTIAL BANCORP | $55,000 | n/a | 0.0% | |
| IC Federal Credit Union | $995,000 | $35,000 | -96.5% | 0.0% |
| MidFirst Bank | $35,000 | n/a | 0.0% | |
| SCIENT Federal Credit Union | $35,000 | n/a | 0.0% | |
| Sharon & Crescent United Credit Union | $35,000 | n/a | 0.0% | |
| TOWER | $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 4.7%, is Westfield Bank, having originated $126,630,000 in loans. In third place, with 4.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $125,060,000 in loans. In fourth place, with 4.0%, is QUICKEN LOANS, LLC, having originated $109,900,000 in loans. In fifth place, with 3.9%, is PeoplesBank, having originated $105,595,000 in loans.
SPRINGFIELD, MA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 6,156 | $1,880,010,000 | $305,395 |
| Home Improvement | 1,738 | $161,590,000 | $92,975 |
| Refi | 1,392 | $292,750,000 | $210,309 |
| Cash Out Refi | 1,287 | $252,965,000 | $196,554 |
| Other | 1,265 | $129,675,000 | $102,510 |
Springfield's most frequently cited loan purpose was Home Purchase, with 6,156 originations. The 2nd most popular reason was Home Improvement, with 1,738 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 4,847 | $1,321,055,000 | $272,551 |
| 7-8% | 1,996 | $454,900,000 | $227,906 |
| 5-6% | 1,899 | $520,055,000 | $273,857 |
| Over 8% | 1,819 | $212,275,000 | $116,699 |
| <2.5% | 343 | $9,265,000 | $27,012 |
| 4-5% | 64 | $17,690,000 | $276,406 |
| 3-4% | 27 | $4,855,000 | $179,815 |
| 2.5-3% | 8 | $2,400,000 | $300,000 |
During 2024, Springfield's most frequently originated rate bucket was 6-7%, with 4,847 originations.
Loan Sizing (SPRINGFIELD, MA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 5,156 | $1,474,370,000 | $285,952 |
| $100,000 or less | 3,204 | $158,900,000 | $49,594 |
| $100k-200k | 2,192 | $314,990,000 | $143,700 |
| $400k-600k | 1,018 | $474,330,000 | $465,943 |
| $600k-1000k | 209 | $146,085,000 | $698,971 |
| $Over $1MM | 59 | $148,315,000 | $2,513,814 |
SPRINGFIELD's loan sizing saw the bucket of loans from $200k-400k with 5,156 originations, totaling $1,474,370,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,755 | $1,228,615,000 | $327,194 |
| Under 20% | 2,336 | $110,010,000 | $47,093 |
| 60-80% | 2,221 | $744,955,000 | $335,414 |
| 20-40% | 1,574 | $183,120,000 | $116,341 |
| 40-60% | 986 | $220,020,000 | $223,144 |
| Over 100% | 90 | $34,480,000 | $383,111 |
SPRINGFIELD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,755 originations, totaling $1,228,615,000 in origination value.