Massachusetts Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Massachusetts averaged 6.46% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.57% and one month ago for the week of 2024-05-30, the average rate was 6.74%.

Massachusetts's average rate one year ago was 6.62%.

For refis of the same type during the week of 2024-07-03, the average rate was 7.38%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Massachusetts 30 Year Fixed Rate 2024-07-03 6.46%
Massachusetts 30 Year Fixed Rate Refi 2024-07-03 7.38%
Massachusetts 15 Year Fixed Rate 2024-07-03 6.03%
Massachusetts 15 Year Fixed Rate Refi 2024-07-03 6.81%
Massachusetts 30 Year FHA 2024-07-03 6.7%
Massachusetts 30 Year FHA Refi 2024-07-03 6.47%
Massachusetts 30 Year USDA 2024-07-03 6.94%
Massachusetts 30 Year USDA Refi 2024-07-03 6.54%
Massachusetts 30 Year VA 2024-07-03 6.44%
Massachusetts 30 Year VA Refi 2024-07-03 5.85%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Massachusetts.

Massachusetts 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 Massachusetts 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUARANTEED RATE, INC. 2,297 6.70% $6,103
Leader Bank 2,204 6.38% $5,249
QUICKEN LOANS, LLC 2,074 6.70% $8,037
CROSSCOUNTRY MORTGAGE, LLC 1,996 6.84% $7,328
UNITED WHOLESALE MORTGAGE, LLC 1,858 6.86% $8,158
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,555 6.75% $6,248
MOVEMENT MORTGAGE, LLC 1,456 6.60% $7,284
The Cape Cod Five Cents Savings Bank 1,056 6.49% $4,379
GUILD MORTGAGE COMPANY 1,016 6.74% $6,157
Rockland Trust Company 806 6.04% $4,721
SALEM FIVE MORTGAGE COMPANY, LLC 792 6.37% $5,447
Citizens Bank 723 6.40% $6,809
JPMorgan Chase Bank 637 6.32% $6,974
WASHINGTON TRUST MORTGAGE COMPANY LLC 615 6.18% $5,596
Bank of America 562 6.05% $7,459
Easthampton Savings Bank 546 5.68% $4,100
TOTAL MORTGAGE SERVICES, LLC 541 6.93% $8,747
Berkshire Bank 539 5.77% $5,560
CMG MORTGAGE, INC. 535 6.96% $6,530
TD Bank 522 6.04% $5,018
U.S. Bank 506 6.24% $5,831
HARBORONE MORTGAGE, LLC 504 6.56% $5,725
LOANDEPOT.COM, LLC 478 6.79% $7,672
Cambridge Savings Bank 469 6.23% $4,720
GUARANTEED RATE AFFINITY, LLC 468 6.70% $5,928
Eastern Bank 424 6.05% $4,651
RADIUS FINANCIAL GROUP INC. 403 6.98% $7,630
Institution for Savings in Newburyport and Its Vicinity 400 5.95% $5,712
Morgan Stanley Private Bank 354 5.70% $5,282
First Republic Bank 341 4.73% $4,908
BAYCOAST MORTGAGE COMPANY, LLC 315 6.51% $4,275
DIGITAL Federal Credit Union 306 6.18% $3,862
NEWREZ LLC 301 6.82% $7,909
Adams Community Bank 296 5.49% $2,978
Webster Bank 286 6.10% $7,052
GREYLOCK 270 5.50% $3,488
Fall River Five Cents Savings Bank 264 6.45% $5,138
Wells Fargo Bank 259 6.02% $6,906
M&T Bank 257 6.17% $6,587
NEW FED MORTGAGE, CORP. 249 6.78% $7,099
MORTGAGE EQUITY PARTNERS LLC 233 6.61% $8,529
Citibank 222 5.39% $9,146
Main Street Bank 219 5.57% $6,770
Shamrock Home Loans, Inc. 214 6.73% $7,491
DRAPER AND KRAMER MORTGAGE CORP. 210 6.77% $5,569
ROCKLAND 195 5.94% $3,764
Dedham Institution for Savings 195 6.14% $4,504
Greenfield Savings Bank 191 5.33% $4,503
NORTHPOINT MORTGAGE, INC. 191 6.89% $7,836
Florence Bank 179 5.45% $3,976
First National Bank of America 176 9.93% $14,845
Country Bank for Savings 175 5.85% $4,386
Mr. Cooper ( Nationstar Mortgage ) 166 6.62% $11,005
ACADEMY MORTGAGE CORPORATION 164 6.79% $5,792
ENVOY MORTGAGE, LTD 162 6.87% $6,499
EMBRACE HOME LOANS, INC. 161 6.79% $6,668
PROVIDENT FUNDING ASSOCIATES, L.P. 156 6.56% $5,498
PeoplesBank 155 5.90% $3,984
PRIMELENDING, A PLAINSCAPITAL COMPANY 154 6.68% $8,599
NORWICH COMMERCIAL GROUP, INC. 148 7.01% $8,220
PENNYMAC LOAN SERVICES, LLC 145 6.75% $8,967
NAVY FEDERAL CREDIT UNION 145 6.32% $4,982
Cape Cod Co-operative Bank 144 6.04% $4,287
EMM LOANS LLC 143 7.12% $8,107
Bristol County Savings Bank 142 6.04% $4,116
DREW MORTGAGE ASSOCIATES, INC. 141 6.73% $7,311
UniBank for Savings 141 5.98% $3,650
HARVARD UNIVERSITY EMPLOYEES 139 6.34% $3,806
METRO 137 6.29% $4,031
BAY EQUITY LLC 136 6.77% $6,542
NFM, INC. 134 7.01% $9,024
Avidia Bank 132 6.17% $3,851
Westfield Bank 130 6.12% $3,884
Freedom Credit Union 127 5.48% $4,262
Bridgewater Savings Bank 126 6.32% $4,133
Jeanne D'Arc Credit Union 125 6.28% $5,516
Middlesex Savings Bank 124 6.42% $3,336
MERRIMACK VALLEY 124 5.94% $3,499
BROKER SOLUTIONS, INC. 124 7.01% $8,736
First-Citizens Bank & Trust Company 121 5.38% $6,125
St. Anne's Credit Union of Fall River, Mass. 119 5.46% $4,677
Evolve Bank & Trust 118 6.69% $5,264
HOMEBRIDGE FINANCIAL SERVICES, INC. 118 6.77% $8,077
PULTE MORTGAGE LLC 114 6.47% $3,126
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 114 6.89% $9,191
Cornerstone Bank 113 6.18% $3,976
Needham Bank 112 6.37% $3,998
WILLIAM RAVEIS MORTGAGE, LLC 106 6.72% $5,215
The Bank of Canton 104 6.64% $4,256
East West Bank 104 6.65% $5,931
LEADERONE FINANCIAL CORPORATION 99 6.91% $5,877
MUTUAL OF OMAHA MORTGAGE, INC. 94 6.59% $7,672
FREEDOM MORTGAGE CORPORATION 93 7.02% $8,990
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION 93 6.01% $4,901
FIRST MORTGAGE COMPANY, INC. 92 6.83% $7,111
AMERISAVE MORTGAGE CORPORATION 90 6.32% $11,203
Cambridge Trust Company 90 5.90% $4,664
FIRST HOME MORTGAGE CORPORATION 87 6.75% $10,453
The Camden National Bank 85 6.62% $5,082
Merchants Bank of Indiana 82 6.68% $8,257
Bank of England 81 6.84% $7,875
Workers Credit Union 81 6.35% $4,613
Enterprise Bank and Trust Company 80 6.07% $4,991
Sierra Pacific Mortgage Company, Inc. 80 6.89% $8,027
MEMBERS MORTGAGE COMPANY, INC. 77 6.01% $4,405
UBS Bank USA 77 5.99% $7,954
North Shore Bank, a Co-operative Bank 76 6.21% $3,762
PNC Bank 74 6.42% $6,956
NATIONS RELIABLE LENDING, LLC 72 7.03% $8,269
Milford Federal Bank 72 6.35% $3,661
HOMESTEAD FUNDING CORP. 70 6.91% $5,515
OCMBC, INC. 70 8.93% $18,458
POLISH NATIONAL 69 6.22% $3,902
Ross Mortgage Company, Inc. 67 7.23% $5,856
Fidelity Co-operative Bank 65 6.78% $5,337
The Huntington National Bank 65 6.56% $7,673
CENTRAL ONE FEDERAL CREDIT UNION 65 6.02% $3,219
HANSCOM 62 6.16% $3,704
Paramount Residential Mortgage Group, Inc. 62 7.17% $9,720
NATIONS DIRECT MORTGAGE, LLC 61 7.71% $11,851
CARDINAL FINANCIAL 60 6.74% $8,743
North Easton Savings Bank 58 5.95% $4,521
NBKC BANK 57 6.60% $4,885
St. Mary's Credit Union 57 6.27% $3,232
PAWTUCKET 56 5.97% $4,341
Northpointe Bank 56 6.77% $8,074
Charles Schwab Bank, SSB 55 5.82% $5,415
BNY Mellon 55 5.69% $6,230
MountainOne Bank 54 5.67% $4,828
Webster Five Cents Savings Bank 54 6.48% $4,170
Sharon & Crescent United Credit Union 53 5.80% $3,097
Semper Home Loans, Inc. 53 6.92% $9,495
PROVINCE MORTGAGE ASSOCIATES, INC. 52 6.98% $6,755
Bangor Savings Bank 52 6.06% $5,176
CONWAY FINANCIAL SERVICES, LLC 51 6.51% $4,802
Keystone Funding, Inc. 50 7.08% $7,585
TBI MORTGAGE COMPANY 49 6.43% $9,996
TREMONT CREDIT UNION 48 5.68% $5,714
United Nations Federal Credit Union 45 5.61% $5,086
First Savings Bank 45 6.44% $6,438
Goldman Sachs Bank USA 45 5.55% $8,406
ARK-LA-TEX FINANCIAL SERVICES, LLC. 42 7.18% $8,257
Mortgage Research Center, LLC 42 6.59% $6,949
USAA Federal Savings Bank 42 6.64% $6,680
Brookline Bank 40 6.55% $3,659
EQUITY RESOURCES, INC. 40 6.97% $5,164
PRIMARY RESIDENTIAL MORTGAGE, INC. 40 7.00% $10,370
NP, Inc. 39 8.88% $16,564
ARC HOME LLC 39 7.95% $8,760
Navigant Credit Union 38 6.30% $4,096
GUIDANCE RESIDENTIAL, LLC 38 7.14% $7,283
BETTER MORTGAGE CORPORATION 38 6.13% $7,578
Republic State Mortgage Co. 37 6.87% $7,915
Home Loan Investment Bank, F.S.B. 37 6.87% $6,543
Flagstar Bank, FSB 37 6.61% $8,747
CIBM Bank 37 6.51% $5,220
HOMEFIELD 36 5.56% $4,838
UMASSFIVE COLLEGE Federal Credit Union 35 4.44% $7,336
Hingham Institution for Savings 35 6.29% $5,077
RELIANCE FIRST CAPITAL, LLC 35 7.05% $11,300
Centreville Bank 34 5.67% $4,433
Nations Lending Corporation 34 6.85% $9,506
Raymond James Bank 34 5.43% $5,879
ZILLOW HOME LOANS, LLC 33 6.58% $7,315
Firstrust Savings Bank 33 6.05% $10,835
Bethpage Federal Credit Union 32 6.63% $5,403
Ally Bank 32 6.36% $11,709
AMERICAN FINANCIAL NETWORK, INC. 31 7.22% $9,506
Truist 30 6.44% $5,234
GENEVA FINANCIAL, LLC 30 7.05% $9,745
NORTHEAST HOME LOAN, LLC 30 6.55% $12,260
PENTAGON FEDERAL CREDIT UNION 29 6.17% $7,530
MLD MORTGAGE INC. 29 6.58% $4,564
LAKEVIEW LOAN SERVICING, LLC 29 6.64% $10,692
Direct Federal Credit Union 28 6.31% $4,107
KeyBank 27 6.37% $8,949
LENDSURE MORTGAGE CORP. 27 8.59% $15,242
MEMBER ADVANTAGE MORTGAGE, LLC 26 6.51% $7,599
The Federal Savings Bank 26 6.75% $9,981
BMO Harris Bank 25 6.01% $8,521
HUNT MORTGAGE CORPORATION 25 6.96% $7,900
RTN FEDERAL CREDIT UNION 24 5.13% $3,258
BankNewport 24 5.79% $4,215
PHH Mortgage Corporation 23 6.81% $7,806
SOMERSET 22 6.05% $3,337
Stifel Bank and Trust 22 5.86% $4,113
USAlliance Federal Credit Union 22 6.59% $7,131
WEBSTER FIRST Federal Credit Union 22 6.49% $3,021
ALIGN CREDIT UNION 22 6.27% $3,973
HSBC BANK USA, NATIONAL ASSOCIATION 22 6.21% $6,353
ALLIED MORTGAGE GROUP, INC. 22 7.19% $5,852
RIVER WORKS 21 6.13% $3,828
PLAZA HOME MORTGAGE, INC. 21 6.94% $10,254
Plains Commerce Bank 20 7.05% $7,837
CHURCHILL MORTGAGE CORPORATION 20 6.92% $9,409
Waterstone Mortgage Corporation 19 7.01% $9,746
FALL RIVER MUNICIPAL CREDIT UNION 19 4.92% $5,155
Southern Mass Credit Union 18 6.60% $5,277
FIRST WORLD MORTGAGE CORPORATION 18 6.56% $6,695
Community Bank 18 6.58% $50
IC Federal Credit Union 18 7.18% $4,036
Cathay Bank 18 6.50% $4,255
JMAC LENDING, INC. 18 7.51% $10,102
TJC Mortgage, Inc. 18 6.80% $9,085
MID-ISLAND MORTGAGE CORP. 18 7.12% $3,767
American Mortgage & Equity Consultants, Inc. 17 6.86% $10,703
Quontic Bank 17 8.96% $15,396
ATHOL CREDIT UNION 17 5.67% $4,858
EVERETT FINANCIAL, INC. 17 7.23% $9,347
NBT Bank 16 5.19% $6,782
Discover Bank 16 6.73% $0
Prosperity Home Mortgage, LLC 15 7.12% $6,904
Barrington Bank & Trust Company, N.A. 15 6.86% $8,775
NexBank 15 7.55% $11,608
Baxter Credit Union 14 6.63% $6,921
Farmers Bank & Trust 14 6.54% $6,374
SIRVA MORTGAGE, INC. 14 6.60% $1,362
HOMESIDE FINANCIAL, LLC 14 7.25% $9,501
City National Bank 14 6.33% $6,344
LUSO 13 5.68% $3,881
NJ LENDERS CORP. 13 6.60% $5,893
Cornerstone First Mortgage, Inc 13 6.15% $12,491
COMMUNITY CREDIT UNION OF LYNN 13 6.99% $3,344
FIRST COMMUNITY MORTGAGE, INC. 13 7.53% $8,292
Liberty Bank 13 5.75% $4,374
PREMIA MORTGAGE, LLC 12 6.63% $2,633
Service Federal Credit Union 12 6.08% $5,131
Farm Credit East, ACA 12 7.60% $6,630
ST. MARY'S BANK 12 6.23% $4,258
Ixonia Bank 11 6.87% $11,920
NORTHERN MORTGAGE SERVICES, LLC 11 7.54% $7,349
North American Savings Bank, F.S.B. 11 7.49% $7,974
T2 FINANCIAL LLC 11 7.18% $8,588
RBC Bank, (Georgia) 11 5.83% $4,388
Bar Harbor Bank & Trust 10 6.94% $6,642
QUINCY CREDIT UNION 10 5.90% $3,638
GREATER SPRINGFIELD CREDIT UNION 10 6.66% $2,930
The Washington Trust Company, of Westerly 10 6.33% $4,114
FBC MORTGAGE, LLC 10 6.86% $6,742
AMERICAN HERITAGE LENDING, INC. 10 8.98% $16,619
Princeton Mortgage Corporation 10 6.65% $10,302
Beeline Loans, Inc. 9 6.96% $7,538
Arvest Bank 9 6.89% $5,201
Walpole Co-operative Bank 9 5.80% $3,438
Northern Bank & Trust Company 9 5.86% $3,378
LADERA LENDING, INC. 9 6.93% $7,702
CIBC Bank USA 8 5.77% $8,040
OAKTREE FUNDING CORP. 8 9.06% $17,405
GUARANTY HOME MORTGAGE CORPORATION 8 6.34% $5,920
General Mortgage Capital Corporation 8 6.86% $8,002
FIRST TECHNOLOGY 8 6.55% $4,697
Dollar Bank, Federal Savings Bank 8 6.67% $6,794
Third Federal Savings and Loan Association of Cleveland 8 6.62% $808
Fifth Third Bank 8 6.97% $7,616
CALCON MUTUAL MORTGAGE LLC 7 7.02% $13,892
BNC National Bank 7 5.86% $6,302
First Federal Bank 7 6.88% $5,432
HOMESPIRE MORTGAGE CORPORATION 7 7.21% $7,169
MORTGAGE MARKETS CUSO, LLC 7 6.71% $6,128
ALLIANT CREDIT UNION 6 6.69% $5,633
Watermark Capital, Inc. 6 6.60% $4,798
MORTGAGE ACCESS CORP. 6 6.98% $12,301
GuardHill Financial Corp. 6 6.77% $11,590
MASSMUTUAL 6 6.60% $4,419
Heritage Bank 6 5.94% $10,827
Magnolia Bank 6 6.46% $15,310
KELLER MORTGAGE, LLC 6 6.42% $5,320
Kwik Mortgage Corporation 5 6.85% $4,916
Amalgamated Bank 5 6.20% $5,789
AMERICAN FEDERAL MORTGAGE CORPORATION 5 6.73% $6,443
AMERICAN PACIFIC MORTGAGE CORPORATION 5 7.58% $7,227
Bank-Fund Staff Federal Credit Union 5 5.50% $6,675
CALIBER HOME LOANS, INC. 5 6.58% $4,972
CREDIT UNION MORTGAGE ASSOCIATION, INC. 5 5.83% $6,120
MILEND, INC. 5 6.90% $13,247
NATIONWIDE MORTGAGE BANKERS, INC. 5 7.20% $13,150
SOUTHCOAST FEDERAL CREDIT UNION 5 6.75% $3,182
UIF CORPORATION 5 6.85% $10,951
LENOX FINANCIAL MORTGAGE CORPORATION 4 6.72% $9,000
NESC 4 5.50% $7,459
GSF Mortgage Corporation 4 6.76% $5,025
TrustCo Bank 4 6.65% $3,492
FM Home Loans, LLC 4 7.56% $7,427
Bank Rhode Island 4 7.28% $3,810
GREENWOOD 4 6.97% $3,321
Network Funding, L.P. 4 7.03% $6,357
Capitol Federal Savings Bank 4 5.63% $13,107
TOP FLITE FINANCIAL, INC. 4 6.94% $10,210
AMERICAN FINANCING CORPORATION 4 6.22% $6,056
SUCCESS MORTGAGE PARTNERS, INC. 3 5.96% $4,388
OCEAN STATE CREDIT UNION 3 4.92% $2,589
Westport Federal Credit Union 3 5.54% $4,887
FirstBank 3 6.75% $9,730
Axos Bank 3 6.79% $11,582
Northwest Community Bank 3 5.25% $3,600
Elements Financial Federal Credit Union 3 6.33% $4,829
Metro City Bank 3 7.29% $8,946
AmeriHome Mortgage Company, LLC 3 6.46% $3,499
First Internet Bank of Indiana 3 5.79% $3,640
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 3 7.58% $17,196
AMERICAN INTERNET MORTGAGE, INC. 3 6.08% $9,170
Valley National Bank 3 7.29% $9,060
DEEPHAVEN MORTGAGE LLC 3 9.29% $16,884
TOWNE MORTGAGE COMPANY 3 7.21% $8,511
CONTOUR MORTGAGE CORPORATION 3 6.75% $7,387
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 3 6.75% $15,001
IVY MORTGAGE, INC. 3 6.38% $4,264
AMERICAN EAGLE FINANCIAL CREDIT UNION 3 5.00% $3,733
The People's Credit Union 3 5.71% $3,180
Old National Bank 2 6.50% $5,307
INTEGRITY MORTGAGE LLC 2 7.00% $4,025
The Northern Trust Company 2 6.19% $4,008
S1L, Inc. 2 7.13% $10,912
Fidelity Bank 2 7.50% $6,545
Luxury Mortgage Corp. 2 6.94% $20,555
PRYSMA LENDING GROUP, LLC 2 10.50% $15,455
F&A Federal Credit Union 2 6.00% $2,861
BAYSHORE MORTGAGE FUNDING, LLC 2 6.63% $4,507
Equity Prime Mortgage LLC 2 7.00% $6,333
SIS BANCORP, MHC 2 8.19% $4,881
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION 2 5.94% $4,428
Armed Forces Bank 2 7.13% $7,143
DELTA COMMUNITY CREDIT UNION 2 6.06% $4,866
GREENSTATE CREDIT UNION 2 6.81% $4,631
CRESCENT MORTGAGE COMPANY 2 6.88% $10,154
Gold Coast Bank 2 6.56% $4,515
AMERICAN FINANCE HOUSE LARIBA 2 7.27% $8,627
American Airlines Federal Credit Union 2 6.13% $0
PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.68% $5,136
Advisors Mortgage Group, L.L.C. 2 6.69% $7,907
ADVANCIAL 2 8.13% $12,500
A&D Mortgage LLC 2 7.38% $31,300
MID AMERICA MORTGAGE, INC. 2 7.19% $12,187
Busey Bank 1 5.88% $3,232
BOKF 1 5.75% $6,200
THRIVE MORTGAGE, LLC 1 7.25% $7,802
BM Real Estate Services, Inc. 1 8.38% $7,117
Blue Ridge Bank 1 7.75% $5,883
Toyota Financial Savings Bank 1 7.25% $4,273
BECKAM FUNDING CORP. 1 8.63% $15,979
Actors Federal Credit Union 1 3.00% $8,112
Atlantic Coast Mortgage, LLC 1 6.75% $13,633
UNIFY FINANCIAL Credit Union 1 7.50% $12,717
UNION HOME MORTGAGE CORP. 1 6.50% $15,780
Union Savings Bank 1 6.25% $2,987
UNION SQUARE 1 6.00% $7,026
Ameris Bank 1 7.25% $9,092
Univest Bank and Trust Co. 1 7.88% $6,651
US MORTGAGE CORPORATION 1 7.75% $22,854
U S WIDE FINANCIAL LLC 1 7.38% $2,885
VAN DYK MORTGAGE CORPORATION 1 7.25% $4,806
Vellum Mortgage, Inc. 1 6.75% $4,659
Victorian Finance, LLC 1 6.50% $15,622
AMERICAN HERITAGE FCU 1 6.13% $3,698
AMCAP MORTGAGE, LTD. 1 6.62% $13,048
Allied First Bank,sb 1 5.25% $5,190
Alerus Financial 1 6.25% $8,159
WesBanco 1 6.63% $4,958
NORTH COUNTRY 1 6.75% $1,780
NEW ENGLAND FEDERAL CREDIT UNION 1 6.00% $2,713
Nicolet National Bank 1 6.50% $4,613
Northwest Federal Credit Union 1 7.38% $4,033
Neighborhood Loans, Inc. 1 5.88% $17,911
NATIONAL COOPERATIVE BANK, N.A. 1 6.38% $3,668
MMS MORTGAGE SERVICES, LTD. 1 6.13% $23,775
OCEANSIDE MORTGAGE COMPANY 1 6.63% $4,765
Paramount Bank 1 7.00% $15,021
Pathfinder Bank 1 6.00% $5,889
Merrimack County Savings Bank 1 6.38% $3,304
Meredith Village Savings Bank 1 7.38% $3,325
MEMBERS 1ST FEDERAL CREDIT UNION 1 6.00% $4,310
MEMBER FIRST MORTGAGE, LLC 1 4.75% $5,363
Performance Financial, Inc. 1 8.50% $17,217
MDE Home Loans, LLC 1 7.63% $14,272
PLANET HOME LENDING, LLC 1 6.25% $3,018
Lincoln Savings Bank 1 6.50% $7,558
360 Federal Credit Union 1 6.25% $3,262
Premium Mortgage Corporation 1 6.88% $8,228
Presidential Bank, FSB 1 6.75% $14,243
JUSTICE Federal Credit Union 1 5.63% $3,225
PROPONENT Federal Credit Union 1 5.13% $4,278
IncredibleBank 1 8.25% $4,717
HOME TOWN FUNDING, INC. 1 6.88% $3,775
HARTFORD FUNDING, LTD. 1 7.50% $9,880
GREAT LAKES 1 5.75% $6,411
Goldwater Bank, N.A. 1 7.63% $3,663
GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION 1 5.50% $5,358
GENERAL ELECTRIC CREDIT UNION 1 5.50% $6,366
RESIDENTIAL BANCORP 1 6.50% $25,958
Residential Mortgage Solutions, Inc. 1 6.88% $19,060
First Option Mortgage, LLC 1 7.38% $10,789
First Horizon Bank 1 5.38% $7,277
First Bank 1 6.63% $4,788
RUOFF MORTGAGE COMPANY, INC. 1 6.75% $3,813
FINANCIAL RESOURCES FEDERAL CREDIT UNION 1 5.00% $3,131
SCIENT Federal Credit Union 1 5.75% $3,548
FAIRWINDS CREDIT UNION 1 6.50% $3,491
ServisFirst Bank 1 6.63% $11,059
Encompass Lending Group, LP 1 7.88% $5,935
Deseret First Credit Union 1 6.37% $15,447
South State Bank 1 7.38% $4,130
DELMAR FINANCIAL COMPANY 1 7.50% $10,729
STAR ONE CREDIT UNION 1 6.38% $5,156
Strong Home Mortgage, LLC 1 6.88% $4,928
SUMMIT FUNDING, INC. 1 7.25% $8,309
Community First National Bank 1 7.13% $5,517
Commerce Bank 1 6.25% $6,526
City National Bank of Florida 1 6.63% $12,341
TEACHERS 1 6.25% $6,189
Tewksbury Federal Credit Union 1 5.88% $6,974
CITIZENS EQUITY FIRST 1 6.13% $3,452
The Bank of Missouri 1 6.00% $3,389
Centennial Bank 1 6.88% $4,767
Capital Bank 1 6.63% $4,448
Byline Bank 1 6.50% $6,828

Massachusetts Average Closing Costs & Other Stats

Massachusetts's 415 lenders originated 111,168 loans during 2023. The total origination value was $44,680,110,000, with an average loan value of $401,915.

Massachusetts's average closing costs are $5,235.

The top Massachusetts lender as defined by loan originations is GUARANTEED RATE, INC., with 2,297 loans originated. Their average total fees are $6,103, which is $854 higher than the next largest lender, Leader Bank.

The lowest fee Massachusetts lenders (with over 10 loans originated) are Discover Bank ($0), Community Bank ($50), SIRVA MORTGAGE, INC. ($1,362), PREMIA MORTGAGE, LLC ($2,633) and GREATER SPRINGFIELD CREDIT UNION ($2,930).

The lowest rate Massachusetts lenders (with over 10 loans originated) are UMASSFIVE COLLEGE Federal Credit Union (4.44%), First Republic Bank (4.73%), FALL RIVER MUNICIPAL CREDIT UNION (4.92%), RTN FEDERAL CREDIT UNION (5.13%) and NBT Bank (5.19%).

Massachusetts 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
Citizens Bank $3,406,310,000 $2,101,970,000 -38.3% 4.7%
Leader Bank $2,504,135,000 $1,651,560,000 -34.0% 3.7%
GUARANTEED RATE, INC. $2,571,800,000 $1,633,465,000 -36.5% 3.7%
CROSSCOUNTRY MORTGAGE, LLC $1,618,130,000 $1,402,880,000 -13.3% 3.1%
UNITED WHOLESALE MORTGAGE, LLC $1,792,955,000 $1,340,790,000 -25.2% 3.0%
QUICKEN LOANS, LLC $2,103,505,000 $1,237,280,000 -41.2% 2.8%
Bank of America $1,896,330,000 $1,203,910,000 -36.5% 2.7%
Rockland Trust Company $1,574,400,000 $1,112,540,000 -29.3% 2.5%
Eastern Bank $1,742,230,000 $918,810,000 -47.3% 2.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,702,120,000 $888,490,000 -47.8% 2.0%
MOVEMENT MORTGAGE, LLC $550,560,000 $858,225,000 55.9% 1.9%
JPMorgan Chase Bank $1,252,025,000 $837,115,000 -33.1% 1.9%
TD Bank $951,070,000 $818,970,000 -13.9% 1.8%
The Cape Cod Five Cents Savings Bank $1,502,540,000 $809,165,000 -46.1% 1.8%
GUILD MORTGAGE COMPANY $962,080,000 $629,630,000 -34.6% 1.4%
Berkshire Bank $623,245,000 $589,335,000 -5.4% 1.3%
First Republic Bank $3,770,565,000 $500,670,000 -86.7% 1.1%
Needham Bank $624,260,000 $498,580,000 -20.1% 1.1%
U.S. Bank $1,032,600,000 $493,550,000 -52.2% 1.1%
WASHINGTON TRUST MORTGAGE COMPANY LLC $796,580,000 $492,065,000 -38.2% 1.1%
SALEM FIVE MORTGAGE COMPANY, LLC $605,755,000 $477,865,000 -21.1% 1.1%
Cambridge Savings Bank $892,340,000 $411,480,000 -53.9% 0.9%
DIGITAL Federal Credit Union $708,180,000 $408,230,000 -42.4% 0.9%
Citibank $356,780,000 $381,905,000 7.0% 0.9%
Webster Bank $955,280,000 $371,460,000 -61.1% 0.8%
LOANDEPOT.COM, LLC $950,855,000 $361,410,000 -62.0% 0.8%
Morgan Stanley Private Bank $550,150,000 $359,900,000 -34.6% 0.8%
Easthampton Savings Bank $156,085,000 $359,440,000 130.3% 0.8%
Institution for Savings in Newburyport and Its Vicinity $731,600,000 $352,865,000 -51.8% 0.8%
TOTAL MORTGAGE SERVICES, LLC $484,980,000 $330,060,000 -31.9% 0.7%
CMG MORTGAGE, INC. $92,240,000 $327,375,000 254.9% 0.7%
M&T Bank $191,430,000 $323,130,000 68.8% 0.7%
Dedham Institution for Savings $458,425,000 $296,275,000 -35.4% 0.7%
GUARANTEED RATE AFFINITY, LLC $401,965,000 $281,430,000 -30.0% 0.6%
HARBORONE MORTGAGE, LLC $549,490,000 $277,220,000 -49.5% 0.6%
The Village Bank $522,005,000 $274,230,000 -47.5% 0.6%
ROCKLAND $267,740,000 $250,785,000 -6.3% 0.6%
Enterprise Bank and Trust Company $415,185,000 $248,490,000 -40.1% 0.6%
RADIUS FINANCIAL GROUP INC. $356,005,000 $240,770,000 -32.4% 0.5%
Wells Fargo Bank $935,815,000 $233,975,000 -75.0% 0.5%
Main Street Bank $167,315,000 $232,660,000 39.1% 0.5%
NEWREZ LLC $261,040,000 $230,315,000 -11.8% 0.5%
Hingham Institution for Savings $481,090,000 $204,385,000 -57.5% 0.5%
Fall River Five Cents Savings Bank $405,125,000 $198,095,000 -51.1% 0.4%
Mortgage Research Center, LLC $243,630,000 $193,265,000 -20.7% 0.4%
Salem Five Cents Savings Bank $189,310,000 $188,330,000 -0.5% 0.4%
First-Citizens Bank & Trust Company $36,960,000 $186,980,000 405.9% 0.4%
BAYCOAST MORTGAGE COMPANY, LLC $341,605,000 $182,165,000 -46.7% 0.4%
RF Renovo Management Company, LLC $212,560,000 $180,805,000 -14.9% 0.4%
Middlesex Savings Bank $522,125,000 $179,840,000 -65.6% 0.4%
HANSCOM $381,390,000 $177,370,000 -53.5% 0.4%
Bridgewater Savings Bank $252,665,000 $172,385,000 -31.8% 0.4%
NAVY FEDERAL CREDIT UNION $184,215,000 $170,095,000 -7.7% 0.4%
Bristol County Savings Bank $159,320,000 $169,035,000 6.1% 0.4%
PENNYMAC LOAN SERVICES, LLC $382,335,000 $163,415,000 -57.3% 0.4%
NEW FED MORTGAGE, CORP. $358,280,000 $161,275,000 -55.0% 0.4%
METRO $429,585,000 $160,120,000 -62.7% 0.4%
Jeanne D'Arc Credit Union $462,355,000 $158,130,000 -65.8% 0.4%
Everett Co-operative Bank $451,845,000 $158,095,000 -65.0% 0.4%
Norwood Co-operative Bank $130,830,000 $154,010,000 17.7% 0.3%
Cambridge Trust Company $398,555,000 $145,915,000 -63.4% 0.3%
WALKER & DUNLOP, LLC $503,785,000 $144,465,000 -71.3% 0.3%
Cape Cod Co-operative Bank $290,785,000 $141,905,000 -51.2% 0.3%
Avidia Bank $204,255,000 $141,640,000 -30.7% 0.3%
GREYLOCK $211,895,000 $140,020,000 -33.9% 0.3%
MORTGAGE EQUITY PARTNERS LLC $150,135,000 $139,910,000 -6.8% 0.3%
Brookline Bank $742,085,000 $139,560,000 -81.2% 0.3%
HARVARD UNIVERSITY EMPLOYEES $164,905,000 $136,735,000 -17.1% 0.3%
East West Bank $122,150,000 $135,775,000 11.2% 0.3%
Winchester Co-operative Bank $134,185,000 $133,240,000 -0.7% 0.3%
Greenfield Savings Bank $109,465,000 $127,540,000 16.5% 0.3%
DRAPER AND KRAMER MORTGAGE CORP. $329,370,000 $127,485,000 -61.3% 0.3%
Shamrock Home Loans, Inc. $163,720,000 $125,110,000 -23.6% 0.3%
Adams Community Bank $146,660,000 $123,970,000 -15.5% 0.3%
FREEDOM MORTGAGE CORPORATION $306,475,000 $120,110,000 -60.8% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $398,175,000 $119,825,000 -69.9% 0.3%
EMM LOANS LLC $157,330,000 $118,480,000 -24.7% 0.3%
UniBank for Savings $258,930,000 $117,330,000 -54.7% 0.3%
PeoplesBank $190,630,000 $116,890,000 -38.7% 0.3%
Florence Bank $202,665,000 $115,350,000 -43.1% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $207,160,000 $114,960,000 -44.5% 0.3%
BERKELEY POINT CAPITAL LLC $122,230,000 $114,725,000 -6.1% 0.3%
MERRIMACK VALLEY $96,120,000 $114,080,000 18.7% 0.3%
Reading Co-Operative Bank $143,155,000 $112,890,000 -21.1% 0.3%
ACADEMY MORTGAGE CORPORATION $199,610,000 $111,965,000 -43.9% 0.3%
North Shore Bank, a Co-operative Bank $193,165,000 $109,465,000 -43.3% 0.2%
Goldman Sachs Bank USA $156,505,000 $107,480,000 -31.3% 0.2%
WEBSTER FIRST Federal Credit Union $174,865,000 $105,505,000 -39.7% 0.2%
East Cambridge Savings Bank $302,175,000 $105,060,000 -65.2% 0.2%
UBS Bank USA $185,155,000 $104,070,000 -43.8% 0.2%
EMBRACE HOME LOANS, INC. $193,110,000 $103,605,000 -46.3% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $86,700,000 $100,495,000 15.9% 0.2%
CENTRAL ONE FEDERAL CREDIT UNION $128,480,000 $99,535,000 -22.5% 0.2%
Cornerstone Bank $190,505,000 $98,275,000 -48.4% 0.2%
LEOMINSTER CREDIT UNION $100,050,000 $97,660,000 -2.4% 0.2%
BROKER SOLUTIONS, INC. $111,110,000 $96,750,000 -12.9% 0.2%
Coastal Heritage Bank $179,740,000 $96,550,000 -46.3% 0.2%
PNC Bank $297,705,000 $95,910,000 -67.8% 0.2%
Workers Credit Union $306,790,000 $94,565,000 -69.2% 0.2%
Country Bank for Savings $140,430,000 $93,685,000 -33.3% 0.2%
NORTHPOINT MORTGAGE, INC. $104,455,000 $93,575,000 -10.4% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $304,985,000 $92,480,000 -69.7% 0.2%
The Washington Trust Company, of Westerly $111,305,000 $92,110,000 -17.2% 0.2%
ENVOY MORTGAGE, LTD $212,970,000 $91,080,000 -57.2% 0.2%
The Lowell Five Cent Savings Bank $74,995,000 $90,975,000 21.3% 0.2%
The Bank of Canton $145,440,000 $90,900,000 -37.5% 0.2%
NFM, INC. $119,085,000 $89,085,000 -25.2% 0.2%
NORWICH COMMERCIAL GROUP, INC. $103,370,000 $88,505,000 -14.4% 0.2%
Mechanics Cooperative Bank $59,095,000 $87,390,000 47.9% 0.2%
Winchester Savings Bank $86,455,000 $84,930,000 -1.8% 0.2%
The Camden National Bank $170,830,000 $84,375,000 -50.6% 0.2%
St. Anne's Credit Union of Fall River, Mass. $116,135,000 $84,285,000 -27.4% 0.2%
Westfield Bank $148,800,000 $83,355,000 -44.0% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $115,650,000 $78,735,000 -31.9% 0.2%
The Savings Bank $75,355,000 $77,865,000 3.3% 0.2%
BayCoast Bank $142,020,000 $77,775,000 -45.2% 0.2%
Fidelity Co-operative Bank $162,215,000 $77,600,000 -52.2% 0.2%
DREW MORTGAGE ASSOCIATES, INC. $126,845,000 $77,560,000 -38.9% 0.2%
AMERISAVE MORTGAGE CORPORATION $282,030,000 $77,450,000 -72.5% 0.2%
Eagle Bank $63,160,000 $77,125,000 22.1% 0.2%
Middlesex Federal Savings, F.A. $91,850,000 $76,640,000 -16.6% 0.2%
FIRST MORTGAGE COMPANY, INC. $55,025,000 $76,020,000 38.2% 0.2%
BAY EQUITY LLC $128,625,000 $75,315,000 -41.4% 0.2%
Martha's Vineyard Savings Bank $220,525,000 $75,115,000 -65.9% 0.2%
First National Bank of America $75,805,000 $73,890,000 -2.5% 0.2%
HarborOne Bank $243,350,000 $72,665,000 -70.1% 0.2%
North Easton Savings Bank $142,535,000 $72,480,000 -49.1% 0.2%
StonehamBank, A Co-operative Bank $93,755,000 $71,995,000 -23.2% 0.2%
Direct Federal Credit Union $150,800,000 $71,910,000 -52.3% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $63,790,000 $70,395,000 10.4% 0.2%
The Cooperative Bank $136,285,000 $70,165,000 -48.5% 0.2%
MountainOne Bank $85,190,000 $70,080,000 -17.7% 0.2%
OCMBC, INC. $67,680,000 $70,060,000 3.5% 0.2%
St. Mary's Credit Union $96,705,000 $69,720,000 -27.9% 0.2%
PGIM Real Estate Finance, LLC $69,225,000 n/a 0.2%
LEADERONE FINANCIAL CORPORATION $11,120,000 $67,840,000 510.1% 0.2%
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION $67,310,000 n/a 0.2%
MutualOne Bank $123,045,000 $67,260,000 -45.3% 0.2%
FIRST HOME MORTGAGE CORPORATION $80,055,000 $66,570,000 -16.8% 0.1%
Sharon & Crescent United Credit Union $77,685,000 $66,320,000 -14.6% 0.1%
BNY Mellon $117,035,000 $65,775,000 -43.8% 0.1%
CARDINAL FINANCIAL $113,500,000 $64,900,000 -42.8% 0.1%
Cape Ann Savings Bank $131,525,000 $62,340,000 -52.6% 0.1%
Watertown Savings Bank $130,600,000 $62,050,000 -52.5% 0.1%
PAWTUCKET $98,090,000 $61,050,000 -37.8% 0.1%
Evolve Bank & Trust $138,145,000 $60,620,000 -56.1% 0.1%
Charles Schwab Bank, SSB $134,685,000 $60,175,000 -55.3% 0.1%
NATIONS RELIABLE LENDING, LLC $36,390,000 $59,770,000 64.2% 0.1%
The Federal Savings Bank $85,450,000 $58,950,000 -31.0% 0.1%
BERKADIA COMMERCIAL MORTGAGE LLC $206,545,000 $58,175,000 -71.8% 0.1%
Greenfield Co-operative Bank $70,925,000 $58,025,000 -18.2% 0.1%
Clinton Savings Bank $102,935,000 $57,710,000 -43.9% 0.1%
Paramount Residential Mortgage Group, Inc. $90,310,000 $57,680,000 -36.1% 0.1%
South Shore Bank $108,860,000 $57,510,000 -47.2% 0.1%
MASS BAY Credit Union $4,750,000 $57,015,000 1,100.3% 0.1%
Seamen's Bank $44,745,000 $56,775,000 26.9% 0.1%
LONGBRIDGE FINANCIAL, LLC $36,185,000 $56,685,000 56.7% 0.1%
Freedom Credit Union $70,920,000 $56,450,000 -20.4% 0.1%
Newburyport Five Cents Savings Bank $80,150,000 $56,170,000 -29.9% 0.1%
GREYSTONE SERVICING COMPANY LLC $29,745,000 $56,025,000 88.4% 0.1%
Sierra Pacific Mortgage Company, Inc. $83,865,000 $55,405,000 -33.9% 0.1%
The Huntington National Bank $75,640,000 $54,710,000 -27.7% 0.1%
Winter Hill Bank, FSB $75,580,000 $53,935,000 -28.6% 0.1%
Flagstar Bank, FSB $311,665,000 $52,765,000 -83.1% 0.1%
NATIONS DIRECT MORTGAGE, LLC $11,115,000 $51,805,000 366.1% 0.1%
WILLIAM RAVEIS MORTGAGE, LLC $82,765,000 $51,395,000 -37.9% 0.1%
Discover Bank $39,810,000 $51,265,000 28.8% 0.1%
Lee Bank $61,070,000 $49,555,000 -18.9% 0.1%
LIBERTY BAY CREDIT UNION $62,475,000 $49,280,000 -21.1% 0.1%
Bank of England $73,680,000 $49,075,000 -33.4% 0.1%
The Northwestern Mutual Life Insurance Company $82,755,000 $49,005,000 -40.8% 0.1%
Northpointe Bank $107,135,000 $48,960,000 -54.3% 0.1%
MEMBERS MORTGAGE COMPANY, INC. $107,455,000 $48,510,000 -54.9% 0.1%
PULTE MORTGAGE LLC $51,575,000 $48,165,000 -6.6% 0.1%
UMASSFIVE COLLEGE Federal Credit Union $36,115,000 $48,110,000 33.2% 0.1%
ALIGN CREDIT UNION $82,285,000 $47,590,000 -42.2% 0.1%
LENDINGHOME FUNDING CORPORATION $27,535,000 $46,940,000 70.5% 0.1%
BankNewport $23,765,000 $46,375,000 95.1% 0.1%
USAA Federal Savings Bank $59,345,000 $46,375,000 -21.9% 0.1%
Raymond James Bank $40,990,000 $46,160,000 12.6% 0.1%
Centreville Bank $21,280,000 $43,670,000 105.2% 0.1%
Navigant Credit Union $68,925,000 $43,565,000 -36.8% 0.1%
NBKC BANK $53,175,000 $42,985,000 -19.2% 0.1%
Keystone Funding, Inc. $42,350,000 n/a 0.1%
United Nations Federal Credit Union $81,380,000 $42,065,000 -48.3% 0.1%
Bangor Savings Bank $324,485,000 $41,580,000 -87.2% 0.1%
Merchants Bank of Indiana $41,085,000 $41,070,000 0.0% 0.1%
Walpole Co-operative Bank $69,245,000 $39,105,000 -43.5% 0.1%
Milford Federal Bank $76,690,000 $38,355,000 -50.0% 0.1%
NBT Bank $26,705,000 $37,920,000 42.0% 0.1%
Webster Five Cents Savings Bank $81,025,000 $36,960,000 -54.4% 0.1%
Figure Lending LLC $43,505,000 $36,670,000 -15.7% 0.1%
FIRST CITIZENS' FEDERAL CREDIT UNION $28,630,000 $36,160,000 26.3% 0.1%
Rollstone Bank & Trust $34,815,000 $35,755,000 2.7% 0.1%
Wakefield Co-operative Bank $85,430,000 $35,750,000 -58.2% 0.1%
BMO Harris Bank $23,990,000 $35,660,000 48.6% 0.1%
PHH Mortgage Corporation $65,105,000 $35,555,000 -45.4% 0.1%
Pentucket Bank $45,835,000 $35,545,000 -22.5% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $35,465,000 n/a 0.1%
Monson Savings Bank $92,215,000 $35,195,000 -61.8% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $8,470,000 $33,430,000 294.7% 0.1%
Semper Home Loans, Inc.