WORCESTER Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Worcester averaged
6.8%
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
6.83% and
one month ago for the week of 2025-05-15, the
average rate was 7.1%.
Worcester's average rate one year ago was 7.04%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.31%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Worcester 30 Year Fixed Rate | 2025-06-18 | 6.8% |
| Worcester 30 Year Fixed Rate Refi | 2025-06-18 | 7.31% |
| Worcester 15 Year Fixed Rate | 2025-06-18 | 6.02% |
| Worcester 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Worcester 30 Year FHA | 2025-06-18 | -0.01% |
| Worcester 30 Year FHA Refi | 2025-06-18 | -0.25% |
| Worcester 30 Year USDA | 2025-06-18 | -0.2% |
| Worcester 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Worcester 30 Year VA | 2025-06-18 | 0.12% |
| Worcester 30 Year VA Refi | 2025-06-18 | -0.77% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within WORCESTER, MA-CT.
WORCESTER 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 WORCESTER, MA-CT 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.).
WORCESTER Average Closing Costs & Other Stats
WORCESTER, MA-CT's 256 lenders originated 16,926
loans during 2024. The total origination value was $5,323,980,000, with an average loan value of
$314,544.
WORCESTER's average closing costs are $5,555.
The top WORCESTER lender as defined by loan originations is QUICKEN LOANS, LLC, with
417 loans originated. Their average total fees are
$7,950, which is $407
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee WORCESTER lenders (with over 10 loans originated) are
PULTE MORTGAGE LLC ($1,761), Middlesex Savings Bank ($3,092), UniBank for Savings ($3,352), CENTRAL ONE FEDERAL CREDIT UNION ($3,569) and Easthampton Savings Bank ($3,590).
The lowest rate WORCESTER lenders (with over 10 loans originated) are
MEMBER ADVANTAGE MORTGAGE, LLC (5.94%), MERRIMACK VALLEY (6.03%), UniBank for Savings (6.13%), Workers Credit Union (6.14%) and ROCKLAND (6.14%).
WORCESTER, MA-CT 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $275,535,000 | $298,420,000 | 8.3% | 5.6% |
| QUICKEN LOANS, LLC | $205,880,000 | $253,015,000 | 22.9% | 4.8% |
| GUARANTEED RATE, INC. | $180,515,000 | $209,845,000 | 16.2% | 3.9% |
| Leader Bank | $153,105,000 | $178,265,000 | 16.4% | 3.3% |
| TOTAL MORTGAGE SERVICES, LLC | $126,130,000 | $154,630,000 | 22.6% | 2.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $117,060,000 | $139,050,000 | 18.8% | 2.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $147,785,000 | $137,535,000 | -6.9% | 2.6% |
| DIGITAL Federal Credit Union | $106,760,000 | $113,545,000 | 6.4% | 2.1% |
| Citizens Bank | $141,085,000 | $108,170,000 | -23.3% | 2.0% |
| CMG MORTGAGE, INC. | $80,355,000 | $106,590,000 | 32.6% | 2.0% |
| GUILD MORTGAGE COMPANY | $94,745,000 | $105,680,000 | 11.5% | 2.0% |
| UniBank for Savings | $74,430,000 | $83,310,000 | 11.9% | 1.6% |
| BROKER SOLUTIONS, INC. | $36,355,000 | $83,070,000 | 128.5% | 1.6% |
| MOVEMENT MORTGAGE, LLC | $97,800,000 | $82,550,000 | -15.6% | 1.6% |
| CENTRAL ONE FEDERAL CREDIT UNION | $77,855,000 | $80,590,000 | 3.5% | 1.5% |
| LEOMINSTER CREDIT UNION | $75,935,000 | $75,730,000 | -0.3% | 1.4% |
| Cornerstone Bank | $76,260,000 | $72,090,000 | -5.5% | 1.4% |
| NEWREZ LLC | $53,680,000 | $67,395,000 | 25.5% | 1.3% |
| Bank of America | $67,990,000 | $66,995,000 | -1.5% | 1.3% |
| WEBSTER FIRST Federal Credit Union | $52,130,000 | $65,955,000 | 26.5% | 1.2% |
| Workers Credit Union | $36,270,000 | $64,815,000 | 78.7% | 1.2% |
| TD Bank | $58,845,000 | $56,480,000 | -4.0% | 1.1% |
| Easthampton Savings Bank | $40,850,000 | $53,595,000 | 31.2% | 1.0% |
| Mortgage Research Center, LLC | $55,350,000 | $52,115,000 | -5.8% | 1.0% |
| Fidelity Co-operative Bank | $39,165,000 | $51,460,000 | 31.4% | 1.0% |
| WALKER & DUNLOP, LLC | $51,315,000 | n/a | 1.0% | |
| LOANDEPOT.COM, LLC | $48,325,000 | $49,605,000 | 2.6% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $27,430,000 | $49,265,000 | 79.6% | 0.9% |
| Country Bank for Savings | $41,280,000 | $48,215,000 | 16.8% | 0.9% |
| Eastern Bank | $28,460,000 | $47,615,000 | 67.3% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $20,105,000 | $43,420,000 | 116.0% | 0.8% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $39,480,000 | $42,735,000 | 8.2% | 0.8% |
| U.S. Bank | $35,800,000 | $41,790,000 | 16.7% | 0.8% |
| Avidia Bank | $44,675,000 | $39,755,000 | -11.0% | 0.7% |
| Berkshire Bank | $46,945,000 | $38,705,000 | -17.6% | 0.7% |
| NORTHPOINT MORTGAGE, INC. | $29,730,000 | $37,750,000 | 27.0% | 0.7% |
| M&T Bank | $11,750,000 | $37,525,000 | 219.4% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $23,790,000 | $37,065,000 | 55.8% | 0.7% |
| JPMorgan Chase Bank | $26,080,000 | $36,435,000 | 39.7% | 0.7% |
| DREW MORTGAGE ASSOCIATES, INC. | $33,515,000 | $34,680,000 | 3.5% | 0.7% |
| HARBORONE MORTGAGE, LLC | $25,405,000 | $34,555,000 | 36.0% | 0.6% |
| Associated Bank | $32,175,000 | n/a | 0.6% | |
| GUARANTEED RATE AFFINITY, LLC | $30,330,000 | $30,815,000 | 1.6% | 0.6% |
| Rockland Trust Company | $50,720,000 | $30,645,000 | -39.6% | 0.6% |
| Clinton Savings Bank | $29,455,000 | $30,505,000 | 3.6% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $26,150,000 | $29,630,000 | 13.3% | 0.6% |
| BAY EQUITY LLC | $18,900,000 | $28,495,000 | 50.8% | 0.5% |
| OCMBC, INC. | $17,850,000 | $28,330,000 | 58.7% | 0.5% |
| Savers Co-operative Bank | $17,890,000 | $28,215,000 | 57.7% | 0.5% |
| RADIUS FINANCIAL GROUP INC. | $34,690,000 | $28,100,000 | -19.0% | 0.5% |
| PULTE MORTGAGE LLC | $18,030,000 | $27,900,000 | 54.7% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $17,090,000 | $27,585,000 | 61.4% | 0.5% |
| BAYCOAST MORTGAGE COMPANY, LLC | $18,560,000 | $27,340,000 | 47.3% | 0.5% |
| Milford Federal Bank | $23,315,000 | $27,325,000 | 17.2% | 0.5% |
| ENVOY MORTGAGE, LTD | $51,125,000 | $26,855,000 | -47.5% | 0.5% |
| Middlesex Savings Bank | $21,555,000 | $26,335,000 | 22.2% | 0.5% |
| Webster Five Cents Savings Bank | $22,230,000 | $25,360,000 | 14.1% | 0.5% |
| MSA MORTGAGE, LLC | $25,320,000 | n/a | 0.5% | |
| St. Mary's Credit Union | $34,015,000 | $24,615,000 | -27.6% | 0.5% |
| EMM LOANS LLC | $18,510,000 | $22,440,000 | 21.2% | 0.4% |
| GFA Federal Credit Union | $22,170,000 | $21,990,000 | -0.8% | 0.4% |
| Ross Mortgage Company, Inc. | $20,705,000 | $21,565,000 | 4.2% | 0.4% |
| MORTGAGE EQUITY PARTNERS LLC | $18,990,000 | $20,030,000 | 5.5% | 0.4% |
| Jeanne D'Arc Credit Union | $15,855,000 | $19,195,000 | 21.1% | 0.4% |
| FIRST MORTGAGE COMPANY, INC. | $5,370,000 | $18,840,000 | 250.8% | 0.4% |
| Evolve Bank & Trust | $9,870,000 | $18,825,000 | 90.7% | 0.4% |
| T2 FINANCIAL LLC | $15,180,000 | $18,120,000 | 19.4% | 0.3% |
| The Lowell Five Cent Savings Bank | $345,000 | $17,955,000 | 5,104.3% | 0.3% |
| MERRIMACK VALLEY | $6,430,000 | $17,480,000 | 171.9% | 0.3% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $27,065,000 | $17,130,000 | -36.7% | 0.3% |
| NATIONS DIRECT MORTGAGE, LLC | $8,490,000 | $17,040,000 | 100.7% | 0.3% |
| Main Street Bank | $52,950,000 | $16,875,000 | -68.1% | 0.3% |
| Fall River Five Cents Savings Bank | $10,455,000 | $16,160,000 | 54.6% | 0.3% |
| Rollstone Bank & Trust | $26,490,000 | $16,155,000 | -39.0% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $6,610,000 | $16,010,000 | 142.2% | 0.3% |
| IC Federal Credit Union | $13,530,000 | $15,890,000 | 17.4% | 0.3% |
| EMBRACE HOME LOANS, INC. | $11,960,000 | $15,870,000 | 32.7% | 0.3% |
| CARDINAL FINANCIAL | $9,985,000 | $14,600,000 | 46.2% | 0.3% |
| First National Bank of America | $16,875,000 | $14,535,000 | -13.9% | 0.3% |
| UNION HOME MORTGAGE CORP. | $14,525,000 | n/a | 0.3% | |
| Bay State Savings Bank | $30,765,000 | $13,795,000 | -55.2% | 0.3% |
| Nations Lending Corporation | $12,600,000 | $13,350,000 | 6.0% | 0.3% |
| NEW FED MORTGAGE, CORP. | $8,340,000 | $13,310,000 | 59.6% | 0.3% |
| The Bank of Canton | $11,610,000 | $13,055,000 | 12.4% | 0.2% |
| NBKC BANK | $5,285,000 | $12,750,000 | 141.2% | 0.2% |
| NFM, INC. | $10,765,000 | $12,540,000 | 16.5% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $22,780,000 | $12,415,000 | -45.5% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,780,000 | $12,345,000 | 344.1% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $8,165,000 | $12,095,000 | 48.1% | 0.2% |
| MILLBURY FEDERAL CREDIT UNION | $19,890,000 | $12,020,000 | -39.6% | 0.2% |
| MEMBER ADVANTAGE MORTGAGE, LLC | $305,000 | $11,710,000 | 3,739.3% | 0.2% |
| RF Renovo Management Company, LLC | $9,630,000 | $11,555,000 | 20.0% | 0.2% |
| Enterprise Bank and Trust Company | $11,070,000 | $11,385,000 | 2.8% | 0.2% |
| Semper Home Loans, Inc. | $11,245,000 | $11,170,000 | -0.7% | 0.2% |
| Athol Savings Bank | $12,900,000 | $10,670,000 | -17.3% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $10,265,000 | $10,655,000 | 3.8% | 0.2% |
| Cambridge Savings Bank | $14,270,000 | $10,455,000 | -26.7% | 0.2% |
| Flagstar Bank, FSB | $10,505,000 | $10,355,000 | -1.4% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $19,630,000 | $10,335,000 | -47.4% | 0.2% |
| FIRST COMMUNITY MORTGAGE, INC. | $2,030,000 | $10,070,000 | 396.1% | 0.2% |
| Discover Bank | $10,370,000 | $10,020,000 | -3.4% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $5,335,000 | $9,915,000 | 85.8% | 0.2% |
| Everett Co-operative Bank | $6,405,000 | $9,850,000 | 53.8% | 0.2% |
| METRO | $8,105,000 | $9,750,000 | 20.3% | 0.2% |
| Millbury National Bank | $10,800,000 | $9,745,000 | -9.8% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $8,725,000 | $9,610,000 | 10.1% | 0.2% |
| USAA Federal Savings Bank | $11,395,000 | $9,425,000 | -17.3% | 0.2% |
| SOUTHBRIDGE CREDIT UNION | $10,285,000 | $9,380,000 | -8.8% | 0.2% |
| Ixonia Bank | $2,450,000 | $9,360,000 | 282.0% | 0.2% |
| Webster Bank | $10,750,000 | $9,080,000 | -15.5% | 0.2% |
| ROCKLAND | $4,015,000 | $9,015,000 | 124.5% | 0.2% |
| Needham Bank | $4,355,000 | $8,930,000 | 105.1% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $11,065,000 | $8,805,000 | -20.4% | 0.2% |
| NORWICH COMMERCIAL GROUP, INC. | $27,665,000 | $8,760,000 | -68.3% | 0.2% |
| ARC HOME LLC | $4,575,000 | $8,740,000 | 91.0% | 0.2% |
| Morgan Stanley Private Bank | $8,070,000 | $8,705,000 | 7.9% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $7,810,000 | $8,585,000 | 9.9% | 0.2% |
| HANSCOM | $13,960,000 | $8,575,000 | -38.6% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $9,370,000 | $8,535,000 | -8.9% | 0.2% |
| Keystone Funding, Inc. | $7,090,000 | $8,260,000 | 16.5% | 0.2% |
| Prosperity Home Mortgage, LLC | $2,830,000 | $8,000,000 | 182.7% | 0.2% |
| Bristol County Savings Bank | $17,950,000 | $7,940,000 | -55.8% | 0.1% |
| UMASSFIVE COLLEGE Federal Credit Union | $12,965,000 | $7,915,000 | -39.0% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,195,000 | $7,865,000 | 558.2% | 0.1% |
| GENEVA FINANCIAL, LLC | $3,065,000 | $7,820,000 | 155.1% | 0.1% |
| Wells Fargo Bank | $14,305,000 | $7,670,000 | -46.4% | 0.1% |
| Plains Commerce Bank | $11,565,000 | $7,625,000 | -34.1% | 0.1% |
| CIBM Bank | $7,950,000 | $7,600,000 | -4.4% | 0.1% |
| Dean Co-operative Bank | $5,925,000 | $7,600,000 | 28.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $17,235,000 | $7,550,000 | -56.2% | 0.1% |
| PNC Bank | $7,410,000 | $7,350,000 | -0.8% | 0.1% |
| The Huntington National Bank | $4,655,000 | $7,320,000 | 57.3% | 0.1% |
| MutualOne Bank | $8,425,000 | $7,085,000 | -15.9% | 0.1% |
| OceanFirst Bank | $6,750,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $4,495,000 | $6,640,000 | 47.7% | 0.1% |
| Navigant Credit Union | $16,115,000 | $6,565,000 | -59.3% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $7,835,000 | $6,450,000 | -17.7% | 0.1% |
| PHH Mortgage Corporation | $4,085,000 | $6,295,000 | 54.1% | 0.1% |
| WORCESTER | $2,665,000 | $6,240,000 | 134.1% | 0.1% |
| PeoplesBank | $4,180,000 | $6,135,000 | 46.8% | 0.1% |
| EQUITY RESOURCES, INC. | $4,605,000 | $5,980,000 | 29.9% | 0.1% |
| Salem Five Cents Savings Bank | $4,780,000 | $5,910,000 | 23.6% | 0.1% |
| The Federal Savings Bank | $7,570,000 | $5,855,000 | -22.7% | 0.1% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $7,870,000 | $5,850,000 | -25.7% | 0.1% |
| HOMEFIELD | $13,365,000 | $5,780,000 | -56.8% | 0.1% |
| FIRST HOME MORTGAGE CORPORATION | $3,455,000 | $5,765,000 | 66.9% | 0.1% |
| General Mortgage Capital Corporation | $345,000 | $5,560,000 | 1,511.6% | 0.1% |
| Baxter Credit Union | $3,075,000 | $5,420,000 | 76.3% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $3,770,000 | $5,385,000 | 42.8% | 0.1% |
| Citibank | $3,355,000 | $5,340,000 | 59.2% | 0.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $5,335,000 | n/a | 0.1% | |
| Figure Lending LLC | $6,410,000 | $5,300,000 | -17.3% | 0.1% |
| North Brookfield Savings Bank | $9,795,000 | $5,110,000 | -47.8% | 0.1% |
| HUNT MORTGAGE CORPORATION | $5,275,000 | $5,045,000 | -4.4% | 0.1% |
| Norwood Co-operative Bank | $2,495,000 | $4,740,000 | 90.0% | 0.1% |
| Magnolia Bank | $905,000 | $4,520,000 | 399.4% | 0.1% |
| Bangor Savings Bank | $6,465,000 | $4,355,000 | -32.6% | 0.1% |
| SHREWSBURY Federal Credit Union | $5,770,000 | $4,310,000 | -25.3% | 0.1% |
| Greenfield Savings Bank | $845,000 | $4,275,000 | 405.9% | 0.1% |
| First Federal Bank | $1,840,000 | $4,180,000 | 127.2% | 0.1% |
| HOMESTEAD FUNDING CORP. | $6,960,000 | $4,135,000 | -40.6% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $3,135,000 | $4,120,000 | 31.4% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $11,130,000 | $4,100,000 | -63.2% | 0.1% |
| ATHOL CREDIT UNION | $3,320,000 | $4,095,000 | 23.3% | 0.1% |
| LENDSURE MORTGAGE CORP. | $970,000 | $4,075,000 | 320.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $4,445,000 | $3,880,000 | -12.7% | 0.1% |
| Dedham Institution for Savings | $4,855,000 | $3,745,000 | -22.9% | 0.1% |
| Monson Savings Bank | $3,160,000 | $3,700,000 | 17.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $6,390,000 | $3,690,000 | -42.3% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $2,230,000 | $3,680,000 | 65.0% | 0.1% |
| The Washington Trust Company, of Westerly | $40,290,000 | $3,640,000 | -91.0% | 0.1% |
| A&D Mortgage LLC | $3,000,000 | $3,635,000 | 21.2% | 0.1% |
| The Cape Cod Five Cents Savings Bank | $6,105,000 | $3,630,000 | -40.5% | 0.1% |
| Brookline Bank | $2,190,000 | $3,430,000 | 56.6% | 0.1% |
| Direct Federal Credit Union | $3,635,000 | $3,395,000 | -6.6% | 0.1% |
| HARVARD UNIVERSITY EMPLOYEES | $2,950,000 | $3,360,000 | 13.9% | 0.1% |
| Ally Bank | $2,925,000 | $3,335,000 | 14.0% | 0.1% |
| Northpointe Bank | $6,520,000 | $3,315,000 | -49.2% | 0.1% |
| Charles River Bank | $2,650,000 | $3,245,000 | 22.5% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $2,890,000 | $3,235,000 | 11.9% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $2,915,000 | $3,230,000 | 10.8% | 0.1% |
| MLD MORTGAGE INC. | $1,920,000 | $3,200,000 | 66.7% | 0.1% |
| ALLIANT CREDIT UNION | $535,000 | $3,170,000 | 492.5% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $2,440,000 | $3,150,000 | 29.1% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $920,000 | $3,145,000 | 241.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $2,575,000 | $3,110,000 | 20.8% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $3,135,000 | $3,105,000 | -1.0% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,360,000 | $3,075,000 | 126.1% | 0.1% |
| Citadel Servicing Corporation | $195,000 | $3,045,000 | 1,461.5% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $3,015,000 | $3,010,000 | -0.2% | 0.1% |
| Home Loan Investment Bank, F.S.B. | $2,490,000 | $2,900,000 | 16.5% | 0.1% |
| JMAC LENDING, INC. | $1,540,000 | $2,895,000 | 88.0% | 0.1% |
| LOANPAL, LLC | $745,000 | $2,795,000 | 275.2% | 0.1% |
| The Camden National Bank | $3,250,000 | $2,765,000 | -14.9% | 0.1% |
| Quontic Bank | $1,510,000 | $2,690,000 | 78.1% | 0.1% |
| NEXERA HOLDING LLC | $325,000 | $2,585,000 | 695.4% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,515,000 | $2,555,000 | 68.6% | 0.0% |
| FIRST TECHNOLOGY | $595,000 | $2,450,000 | 311.8% | 0.0% |
| MILEND, INC. | $1,970,000 | $2,365,000 | 20.1% | 0.0% |
| Hometown Equity Mortgage, LLC | $1,065,000 | $2,340,000 | 119.7% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,810,000 | $2,305,000 | 27.3% | 0.0% |
| StonehamBank, A Co-operative Bank | $4,945,000 | $2,280,000 | -53.9% | 0.0% |
| NP, Inc. | $6,305,000 | $2,240,000 | -64.5% | 0.0% |
| Logan Finance Corporation | $4,625,000 | $2,235,000 | -51.7% | 0.0% |
| Bethpage Federal Credit Union | $1,245,000 | $2,210,000 | 77.5% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $425,000 | $2,195,000 | 416.5% | 0.0% |
| Bank of England | $10,665,000 | $2,155,000 | -79.8% | 0.0% |
| Centreville Bank | $11,620,000 | $2,155,000 | -81.5% | 0.0% |
| LADERA LENDING, INC. | $780,000 | $2,150,000 | 175.6% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $4,450,000 | $2,070,000 | -53.5% | 0.0% |
| Equity Prime Mortgage LLC | $3,285,000 | $2,050,000 | -37.6% | 0.0% |
| Toyota Financial Savings Bank | $2,030,000 | n/a | 0.0% | |
| Liberty Bank | $8,655,000 | $2,020,000 | -76.7% | 0.0% |
| Winchester Co-operative Bank | $1,475,000 | $1,965,000 | 33.2% | 0.0% |
| United Nations Federal Credit Union | $1,265,000 | $1,950,000 | 54.2% | 0.0% |
| Winter Hill Bank, FSB | $3,780,000 | $1,885,000 | -50.1% | 0.0% |
| Mechanics Cooperative Bank | $825,000 | $1,805,000 | 118.8% | 0.0% |
| BM Real Estate Services, Inc. | $1,780,000 | n/a | 0.0% | |
| Westfield Bank | $615,000 | $1,775,000 | 188.6% | 0.0% |
| Waterstone Mortgage Corporation | $990,000 | $1,750,000 | 76.8% | 0.0% |
| GEORGIA'S OWN | $1,235,000 | $1,745,000 | 41.3% | 0.0% |
| Texana Bank | $1,710,000 | n/a | 0.0% | |
| WILLIAM RAVEIS MORTGAGE, LLC | $2,135,000 | $1,700,000 | -20.4% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $165,000 | $1,645,000 | 897.0% | 0.0% |
| First Savings Bank | $2,160,000 | $1,620,000 | -25.0% | 0.0% |
| Metro City Bank | $225,000 | $1,585,000 | 604.4% | 0.0% |
| NORTHEAST HOME LOAN, LLC | $1,505,000 | $1,545,000 | 2.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $765,000 | $1,530,000 | 100.0% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $2,435,000 | $1,510,000 | -38.0% | 0.0% |
| Farm Credit East, ACA | $1,800,000 | $1,505,000 | -16.4% | 0.0% |
| MID-ISLAND MORTGAGE CORP. | $245,000 | $1,495,000 | 510.2% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $1,455,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,800,000 | $1,455,000 | -19.2% | 0.0% |
| CONSTRUCTIVE LOANS, LLC | $185,000 | $1,415,000 | 664.9% | 0.0% |
| AMWEST FUNDING CORP. | $1,770,000 | $1,405,000 | -20.6% | 0.0% |
| MEMBERS MORTGAGE COMPANY, INC. | $4,470,000 | $1,365,000 | -69.5% | 0.0% |
| North Shore Bank, a Co-operative Bank | $940,000 | $1,360,000 | 44.7% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $485,000 | $1,320,000 | 172.2% | 0.0% |
| BMO Harris Bank | $795,000 | $1,310,000 | 64.8% | 0.0% |
| ALIGN CREDIT UNION | $2,840,000 | $1,305,000 | -54.0% | 0.0% |
| Cape Cod Co-operative Bank | $780,000 | $1,305,000 | 67.3% | 0.0% |
| PAWTUCKET | $3,690,000 | $1,285,000 | -65.2% | 0.0% |
| OAKTREE FUNDING CORP. | $1,000,000 | $1,275,000 | 27.5% | 0.0% |
| HOMESPIRE MORTGAGE CORPORATION | $1,085,000 | $1,215,000 | 12.0% | 0.0% |
| POLISH NATIONAL | $1,210,000 | n/a | 0.0% | |
| East West Bank | $1,890,000 | $1,165,000 | -38.4% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $455,000 | $1,155,000 | 153.8% | 0.0% |
| QUINCY CREDIT UNION | $1,150,000 | n/a | 0.0% | |
| UBS Bank USA | $590,000 | $1,140,000 | 93.2% | 0.0% |
| BayCoast Bank | $5,175,000 | $1,135,000 | -78.1% | 0.0% |
| S1L, Inc. | $1,125,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $105,000 | $1,110,000 | 957.1% | 0.0% |
| Farmers Bank & Trust | $1,750,000 | $1,110,000 | -36.6% | 0.0% |
| Stifel Bank and Trust | $805,000 | $1,110,000 | 37.9% | 0.0% |
| Presidential Bank, FSB | $1,105,000 | n/a | 0.0% | |
| Bank Rhode Island | $550,000 | $1,085,000 | 97.3% | 0.0% |
| Charles Schwab Bank, SSB | $1,085,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $2,205,000 | $1,085,000 | -50.8% | 0.0% |
| Bridgewater Savings Bank | $2,320,000 | $1,080,000 | -53.4% | 0.0% |
| Service Federal Credit Union | $1,405,000 | $1,075,000 | -23.5% | 0.0% |
| Merchants Bank of Indiana | $1,155,000 | $1,060,000 | -8.2% | 0.0% |
| NexBank | $1,270,000 | $1,060,000 | -16.5% | 0.0% |
| BankNewport | $3,485,000 | $1,040,000 | -70.2% | 0.0% |
| Institution for Savings in Newburyport and Its Vicinity | $1,035,000 | $1,020,000 | -1.4% | 0.0% |
| Newburyport Five Cents Savings Bank | $1,005,000 | $1,010,000 | 0.5% | 0.0% |
| Raymond James Bank | $645,000 | $1,005,000 | 55.8% | 0.0% |
| Academy Bank | $1,000,000 | n/a | 0.0% | |
| Middlesex Federal Savings, F.A. | $335,000 | $990,000 | 195.5% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $710,000 | $950,000 | 33.8% | 0.0% |
| TOWNE MORTGAGE COMPANY | $355,000 | $950,000 | 167.6% | 0.0% |
| Greenbox Loans, Inc. | $1,505,000 | $930,000 | -38.2% | 0.0% |
| GSF Mortgage Corporation | $920,000 | n/a | 0.0% | |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $915,000 | n/a | 0.0% | |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $1,550,000 | $910,000 | -41.3% | 0.0% |
| Dollar Bank, Federal Savings Bank | $785,000 | $895,000 | 14.0% | 0.0% |
| INTELLILOAN, INC. | $265,000 | $890,000 | 235.8% | 0.0% |
| First IC Corporation | $885,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $425,000 | $880,000 | 107.1% | 0.0% |
| Network Funding, L.P. | $990,000 | $865,000 | -12.6% | 0.0% |
| Paramount Bank | $860,000 | n/a | 0.0% | |
| Republic State Mortgage Co. | $3,940,000 | $850,000 | -78.4% | 0.0% |
| Kearny Bank | $845,000 | n/a | 0.0% | |
| BOND STREET MORTGAGE, LLC | $815,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $815,000 | n/a | 0.0% | |
| Triangle Credit Union | $780,000 | n/a | 0.0% | |
| Truist | $3,405,000 | $770,000 | -77.4% | 0.0% |
| Wakefield Co-operative Bank | $920,000 | $765,000 | -16.8% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $920,000 | $760,000 | -17.4% | 0.0% |
| Luxury Mortgage Corp. | $760,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $1,835,000 | $760,000 | -58.6% | 0.0% |
| Abbott Laboratories Employees Credit Union | $755,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $855,000 | $745,000 | -12.9% | 0.0% |
| TOGETHER CREDIT UNION | $740,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $4,260,000 | $730,000 | -82.9% | 0.0% |
| Alden Credit Union | $465,000 | $725,000 | 55.9% | 0.0% |
| SILVER HILL FUNDING, LLC | $1,760,000 | $720,000 | -59.1% | 0.0% |
| DAS Acquisition Company, LLC | $285,000 | $715,000 | 150.9% | 0.0% |
| Dime Bank | $2,530,000 | $715,000 | -71.7% | 0.0% |
| St. Anne's Credit Union of Fall River, Mass. | $1,525,000 | $710,000 | -53.4% | 0.0% |
| KeyBank | $5,210,000 | $705,000 | -86.5% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $680,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $1,040,000 | $675,000 | -35.1% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $1,975,000 | $670,000 | -66.1% | 0.0% |
| Windosr Federal Savings & Loan Association | $665,000 | n/a | 0.0% | |
| Katahdin Trust Company | $655,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $1,160,000 | $655,000 | -43.5% | 0.0% |
| SIRVA MORTGAGE, INC. | $475,000 | $635,000 | 33.7% | 0.0% |
| Bar Harbor Bank & Trust | $625,000 | n/a | 0.0% | |
| Northern Bank & Trust Company | $445,000 | $610,000 | 37.1% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $555,000 | $605,000 | 9.0% | 0.0% |
| MASSMUTUAL | $515,000 | $585,000 | 13.6% | 0.0% |
| Secured Investment Corp. | $225,000 | $580,000 | 157.8% | 0.0% |
| Metrowest Community Federal Credit Union | $1,585,000 | $560,000 | -64.7% | 0.0% |
| SUMMIT FUNDING, INC. | $555,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $255,000 | $545,000 | 113.7% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $9,785,000 | $545,000 | -94.4% | 0.0% |
| LUSO | $540,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $105,000 | $535,000 | 409.5% | 0.0% |
| WESTERLY COMMUNITY | $1,180,000 | $535,000 | -54.7% | 0.0% |
| Residential Mortgage Solutions, Inc. | $960,000 | $530,000 | -44.8% | 0.0% |
| US MORTGAGE CORPORATION | $525,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $1,710,000 | $510,000 | -70.2% | 0.0% |
| LIMA ONE CAPITAL, LLC | $7,660,000 | $510,000 | -93.3% | 0.0% |
| First-Citizens Bank & Trust Company | $505,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $580,000 | $505,000 | -12.9% | 0.0% |
| Valley National Bank | $505,000 | n/a | 0.0% | |
| Watertown Savings Bank | $255,000 | $505,000 | 98.0% | 0.0% |
| AMERICAN EAGLE FINANCIAL CREDIT UNION | $1,535,000 | $500,000 | -67.4% | 0.0% |
| East Cambridge Savings Bank | $5,130,000 | $490,000 | -90.4% | 0.0% |
| The Provident Bank | $485,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $365,000 | $475,000 | 30.1% | 0.0% |
| Cambridge Trust Company | $2,755,000 | $475,000 | -82.8% | 0.0% |
| CANOPY MORTGAGE, LLC | $465,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $2,640,000 | $465,000 | -82.4% | 0.0% |
| COMMUNITYAMERICA | $535,000 | $465,000 | -13.1% | 0.0% |
| NJ LENDERS CORP. | $1,570,000 | $465,000 | -70.4% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $445,000 | n/a | 0.0% | |
| RIVER WORKS | $445,000 | n/a | 0.0% | |
| UMB Bank | $435,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $425,000 | n/a | 0.0% | |
| Fidelity Bank | $930,000 | $425,000 | -54.3% | 0.0% |
| Sharon & Crescent United Credit Union | $3,670,000 | $425,000 | -88.4% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $185,000 | $415,000 | 124.3% | 0.0% |
| UIF CORPORATION | $215,000 | $415,000 | 93.0% | 0.0% |
| HarborOne Bank | $805,000 | $410,000 | -49.1% | 0.0% |
| OCEAN STATE CREDIT UNION | $55,000 | $405,000 | 636.4% | 0.0% |
| FBC MORTGAGE, LLC | $2,140,000 | $395,000 | -81.5% | 0.0% |
| Home Mortgage Alliance Corp | $395,000 | n/a | 0.0% | |
| The Village Bank | $395,000 | n/a | 0.0% | |
| Florence Bank | $1,010,000 | $390,000 | -61.4% | 0.0% |
| MORTGAGE MARKETS CUSO, LLC | $895,000 | $375,000 | -58.1% | 0.0% |
| Coastal Heritage Bank | $2,130,000 | $365,000 | -82.9% | 0.0% |
| Pentucket Bank | $2,760,000 | $365,000 | -86.8% | 0.0% |
| Pinnacle Bank | $355,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $965,000 | $350,000 | -63.7% | 0.0% |
| Signature Federal Credit Union | $135,000 | $345,000 | 155.6% | 0.0% |
| BLACKSTONE RIVER FEDERAL CREDIT UNION | $360,000 | $340,000 | -5.6% | 0.0% |
| South Shore Bank | $365,000 | $335,000 | -8.2% | 0.0% |
| Cape Ann Savings Bank | $325,000 | n/a | 0.0% | |
| Arvest Bank | $370,000 | $315,000 | -14.9% | 0.0% |
| V.I.P. MORTGAGE, INC. | $305,000 | n/a | 0.0% | |
| Community Bank | $910,000 | $300,000 | -67.0% | 0.0% |
| NEW WAVE LENDING GROUP INC | $295,000 | n/a | 0.0% | |
| North Easton Savings Bank | $255,000 | $295,000 | 15.7% | 0.0% |
| Bank of Easton | $285,000 | n/a | 0.0% | |
| HARTFORD FUNDING, LTD. | $285,000 | n/a | 0.0% | |
| HOLYOKE | $1,420,000 | $285,000 | -79.9% | 0.0% |
| Stride Bank | $285,000 | n/a | 0.0% | |
| Financial Funding Solutions, Inc. | $275,000 | n/a | 0.0% | |
| NORTHERN MORTGAGE SERVICES, LLC | $720,000 | $265,000 | -63.2% | 0.0% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $265,000 | n/a | 0.0% | |
| ARRHA Credit Union | $255,000 | n/a | 0.0% | |
| MountainOne Bank | $730,000 | $255,000 | -65.1% | 0.0% |
| NBT Bank | $3,690,000 | $255,000 | -93.1% | 0.0% |
| Northwest Community Bank | $255,000 | n/a | 0.0% | |
| The Pittsfield Co-operative Bank | $255,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $245,000 | n/a | 0.0% | |
| ITHINK FINANCIAL Credit Union | $180,000 | $240,000 | 33.3% | 0.0% |
| Carrington Mortgage Services, LLC | $1,510,000 | $235,000 | -84.4% | 0.0% |
| Reading Co-Operative Bank | $2,025,000 | $235,000 | -88.4% | 0.0% |
| The Savings Bank | $305,000 | $230,000 | -24.6% | 0.0% |
| The People's Credit Union | $415,000 | $225,000 | -45.8% | 0.0% |
| LIBERTY BAY CREDIT UNION | $2,575,000 | $220,000 | -91.5% | 0.0% |
| PLANET HOME LENDING, LLC | $380,000 | $215,000 | -43.4% | 0.0% |
| SCIENT Federal Credit Union | $850,000 | $210,000 | -75.3% | 0.0% |
| AmeriHome Mortgage Company, LLC | $195,000 | n/a | 0.0% | |
| Heritage Bank | $455,000 | $195,000 | -57.1% | 0.0% |
| GREENWOOD | $675,000 | $190,000 | -71.9% | 0.0% |
| Merchants Mortgage & Trust Corporation | $185,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $155,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $905,000 | $145,000 | -84.0% | 0.0% |
| COMMUNITY CREDIT UNION OF LYNN | $555,000 | $125,000 | -77.5% | 0.0% |
| APCI Federal Credit Union | $105,000 | n/a | 0.0% | |
| Meridian Bank Corporation | $105,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $415,000 | $90,000 | -78.3% | 0.0% |
| ADVANCIAL | $75,000 | n/a | 0.0% | |
| Freedom Credit Union | $1,410,000 | $75,000 | -94.7% | 0.0% |
| Rhode Island Credit Union | $105,000 | $75,000 | -28.6% | 0.0% |
| Liberty Savings Bank, F.S.B. | $35,000 | n/a | 0.0% | |
| Members Plus Credit Union | $940,000 | $35,000 | -96.3% | 0.0% |
| Tewksbury Federal Credit Union | $305,000 | $35,000 | -88.5% | 0.0% |
WORCESTER's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 5.6% market share. In second place, with 4.8%, is QUICKEN LOANS, LLC, having originated $253,015,000 in loans. In third place, with 3.9%, is GUARANTEED RATE, INC., having originated $209,845,000 in loans. In fourth place, with 3.3%, is Leader Bank, having originated $178,265,000 in loans. In fifth place, with 2.9%, is TOTAL MORTGAGE SERVICES, LLC, having originated $154,630,000 in loans.
WORCESTER, MA-CT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 8,630 | $3,559,230,000 | $412,425 |
| Home Improvement | 2,551 | $329,635,000 | $129,218 |
| Cash Out Refi | 2,234 | $548,430,000 | $245,492 |
| Refi | 1,938 | $705,430,000 | $363,999 |
| Other | 1,573 | $181,255,000 | $115,229 |
Worcester's most frequently cited loan purpose was Home Purchase, with 8,630 originations. The 2nd most popular reason was Home Improvement, with 2,551 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 6,508 | $2,522,860,000 | $387,655 |
| 7-8% | 3,935 | $1,161,425,000 | $295,152 |
| Over 8% | 2,534 | $409,430,000 | $161,575 |
| 5-6% | 1,920 | $760,270,000 | $395,974 |
| <2.5% | 326 | $9,790,000 | $30,031 |
| 4-5% | 101 | $35,465,000 | $351,139 |
| 3-4% | 10 | $1,780,000 | $178,000 |
| 2.5-3% | 6 | $1,890,000 | $315,000 |
During 2024, Worcester's most frequently originated rate bucket was 6-7%, with 6,508 originations.
Loan Sizing (WORCESTER, MA-CT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 5,707 | $1,726,075,000 | $302,449 |
| $400k-600k | 3,722 | $1,785,690,000 | $479,766 |
| $100,000 or less | 3,525 | $185,525,000 | $52,631 |
| $100k-200k | 2,609 | $363,665,000 | $139,389 |
| $600k-1000k | 1,177 | $829,095,000 | $704,414 |
| $Over $1MM | 186 | $433,930,000 | $2,332,957 |
WORCESTER's loan sizing saw the bucket of loans from $200k-400k with 5,707 originations, totaling $1,726,075,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 5,160 | $2,281,570,000 | $442,165 |
| 60-80% | 3,197 | $1,385,365,000 | $433,333 |
| Under 20% | 3,190 | $210,880,000 | $66,107 |
| 20-40% | 2,061 | $395,215,000 | $191,759 |
| 40-60% | 1,462 | $512,280,000 | $350,397 |
| Over 100% | 132 | $74,350,000 | $563,258 |
WORCESTER's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,160 originations, totaling $2,281,570,000 in origination value.