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 6.21% for the week of 2024-02-15, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-02-08) was 5.88% and one month ago for the week of 2024-01-11, the average rate was 5.8%.

Massachusetts's average rate one year ago was 5.46%.

For refis of the same type during the week of 2024-02-15, the average rate was 5.12%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-15 6.77%
Massachusetts 30 Year Fixed Rate 2024-02-15 6.21%
Massachusetts 30 Year Fixed Rate Refi 2024-02-15 5.12%
Massachusetts 15 Year Fixed Rate 2024-02-15 5.38%
Massachusetts 15 Year Fixed Rate Refi 2024-02-15 4.39%
Massachusetts 30 Year FHA 2024-02-15 5.89%
Massachusetts 30 Year FHA Refi 2024-02-15 4.55%
Massachusetts 30 Year USDA 2024-02-15 5.79%
Massachusetts 30 Year USDA Refi 2024-02-15 6.69%
Massachusetts 30 Year VA 2024-02-15 6.22%
Massachusetts 30 Year VA Refi 2024-02-15 3.82%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 3,941 4.74% $7,759
GUARANTEED RATE, INC. 3,768 4.61% $5,470
Leader Bank 3,039 4.30% $4,897
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2,977 4.92% $5,438
UNITED WHOLESALE MORTGAGE, LLC 2,732 5.04% $6,994
CROSSCOUNTRY MORTGAGE, LLC 2,374 5.07% $6,673
First Republic Bank 2,054 3.30% $4,751
The Cape Cod Five Cents Savings Bank 1,901 3.99% $3,967
GUILD MORTGAGE COMPANY 1,586 4.92% $5,684
LOANDEPOT.COM, LLC 1,557 4.40% $6,785
Citizens Bank 1,407 4.17% $6,059
Bank of America 1,322 3.68% $5,914
Mortgage Network, Inc. 1,242 4.59% $5,864
Rockland Trust Company 1,129 4.13% $4,154
SALEM FIVE MORTGAGE COMPANY, LLC 1,075 4.43% $5,219
Wells Fargo Bank 1,064 4.11% $5,451
U.S. Bank 953 4.05% $5,402
JPMorgan Chase Bank 913 4.17% $5,955
WASHINGTON TRUST MORTGAGE COMPANY LLC 902 4.24% $5,419
MOVEMENT MORTGAGE, LLC 895 5.10% $6,346
HARBORONE MORTGAGE, LLC 892 4.65% $5,396
TOTAL MORTGAGE SERVICES, LLC 865 5.17% $7,541
Institution for Savings in Newburyport and Its Vicinity 830 3.94% $6,011
TD Bank 767 4.11% $4,480
Webster Bank 726 4.16% $6,337
Cambridge Savings Bank 673 3.96% $4,487
GUARANTEED RATE AFFINITY, LLC 672 4.83% $5,262
Eastern Bank 671 4.11% $4,379
RADIUS FINANCIAL GROUP INC. 670 5.09% $6,490
Mr. Cooper ( Nationstar Mortgage ) 638 4.37% $9,547
DIGITAL Federal Credit Union 628 4.16% $3,876
NEW FED MORTGAGE, CORP. 587 4.69% $5,511
Envision Bank 575 4.25% $3,715
Jeanne D'Arc Credit Union 548 3.70% $3,828
HOME POINT FINANCIAL CORPORATION 548 4.33% $6,658
DRAPER AND KRAMER MORTGAGE CORP. 547 4.49% $4,602
BAYCOAST MORTGAGE COMPANY, LLC 542 4.44% $4,245
Morgan Stanley Private Bank 490 3.61% $5,516
CALIBER HOME LOANS, INC. 487 4.72% $7,312
Berkshire Bank 485 3.89% $4,986
Fall River Five Cents Savings Bank 483 4.18% $4,313
AMERISAVE MORTGAGE CORPORATION 460 4.21% $9,217
METRO 445 3.92% $3,812
HOMEBRIDGE FINANCIAL SERVICES, INC. 422 5.11% $7,149
NEWREZ LLC 419 4.52% $6,510
Workers Credit Union 417 4.04% $3,994
Bangor Savings Bank 395 4.09% $5,307
PENNYMAC LOAN SERVICES, LLC 385 4.27% $7,574
GREYLOCK 381 3.57% $3,124
ACADEMY MORTGAGE CORPORATION 362 5.14% $5,798
ENVOY MORTGAGE, LTD 357 5.05% $5,827
PRIMELENDING, A PLAINSCAPITAL COMPANY 351 5.06% $6,539
Cape Cod Co-operative Bank 347 3.85% $3,651
PeoplesBank 341 4.48% $3,757
Adams Community Bank 338 3.92% $2,950
Shamrock Home Loans, Inc. 336 5.12% $6,010
Florence Bank 315 3.88% $4,730
Middlesex Savings Bank 309 3.79% $3,113
UniBank for Savings 308 3.70% $3,374
Dedham Institution for Savings 304 4.10% $4,118
Easthampton Savings Bank 295 4.31% $3,683
Bridgewater Savings Bank 284 4.13% $3,993
FREEDOM MORTGAGE CORPORATION 283 4.58% $7,547
Flagstar Bank, FSB 280 4.47% $6,090
Cornerstone Bank 273 4.28% $3,610
EMM LOANS LLC 272 4.90% $7,760
ROCKLAND 266 3.94% $2,934
Evolve Bank & Trust 264 4.85% $4,780
MORTGAGE EQUITY PARTNERS LLC 257 5.08% $8,401
EMBRACE HOME LOANS, INC. 254 4.79% $6,285
HARVARD UNIVERSITY EMPLOYEES 246 3.88% $3,155
Cambridge Trust Company 245 3.53% $4,526
BAY EQUITY LLC 244 5.18% $6,880
Avidia Bank 235 4.02% $3,536
Citibank 234 3.56% $7,362
Silicon Valley Bank 234 3.30% $5,241
Country Bank for Savings 233 3.95% $4,588
DREW MORTGAGE ASSOCIATES, INC. 230 4.83% $6,503
NORTHPOINT MORTGAGE, INC. 216 5.02% $6,535
Greenfield Savings Bank 215 4.09% $4,317
Ross Mortgage Company, Inc. 211 5.01% $5,656
Direct Federal Credit Union 208 3.36% $3,577
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 207 5.16% $6,167
Westfield Bank 204 4.32% $3,890
Needham Bank 196 4.44% $3,671
MEMBERS MORTGAGE COMPANY, INC. 194 4.02% $3,596
First National Bank of America 191 8.21% $14,362
NORWICH COMMERCIAL GROUP, INC. 187 5.38% $7,040
Main Street Bank 186 4.24% $4,153
Freedom Credit Union 185 3.66% $3,827
NFM, INC. 184 5.13% $6,808
BROKER SOLUTIONS, INC. 184 4.96% $7,108
POLISH NATIONAL 181 3.89% $3,685
The Bank of Canton 177 4.38% $4,241
St. Anne's Credit Union of Fall River, Mass. 174 3.51% $4,738
Santander Bank, N.A. 170 3.18% $3,847
The Camden National Bank 168 4.10% $5,339
NAVY FEDERAL CREDIT UNION 167 4.74% $5,344
Northpointe Bank 166 4.98% $6,475
HANSCOM 162 3.86% $4,501
WILLIAM RAVEIS MORTGAGE, LLC 161 4.74% $4,803
M&T Bank 161 4.23% $5,028
LAKEVIEW LOAN SERVICING, LLC 158 4.44% $5,033
CMG MORTGAGE, INC. 158 4.90% $5,493
Fidelity Co-operative Bank 156 4.55% $3,742
UBS Bank USA 150 3.67% $6,786
Milford Federal Bank 147 3.86% $3,415
Equity Prime Mortgage LLC 146 5.16% $6,484
Paramount Residential Mortgage Group, Inc. 141 4.93% $7,424
Bristol County Savings Bank 139 4.20% $3,779
Enterprise Bank and Trust Company 139 3.54% $3,792
Sierra Pacific Mortgage Company, Inc. 138 5.08% $8,343
WEBSTER FIRST Federal Credit Union 134 3.75% $3,202
Bank of England 132 5.16% $7,228
CARDINAL FINANCIAL 131 4.93% $7,297
PNC Bank 129 4.05% $7,096
Poli Mortgage Group, Inc. 128 4.40% $2,565
FINANCE OF AMERICA MORTGAGE LLC 126 4.78% $6,528
PULTE MORTGAGE LLC 125 4.73% $4,134
First Savings Bank 125 4.79% $6,277
PAWTUCKET 125 4.12% $3,490
North Shore Bank, a Co-operative Bank 124 4.31% $3,719
MERRIMACK VALLEY 123 3.95% $2,910
Northern Bank & Trust Company 119 4.33% $4,458
North Easton Savings Bank 118 4.03% $3,808
BETTER MORTGAGE CORPORATION 118 3.71% $7,063
PROVIDENT FUNDING ASSOCIATES, L.P. 117 4.66% $4,507
KeyBank 114 4.08% $5,557
Charles Schwab Bank, SSB 113 3.58% $5,326
MUTUAL OF OMAHA MORTGAGE, INC. 113 4.73% $7,355
FIRST HOME MORTGAGE CORPORATION 109 4.82% $7,730
St. Mary's Credit Union 106 4.28% $3,692
CONWAY FINANCIAL SERVICES, LLC 106 5.23% $4,971
Southern Mass Credit Union 101 4.31% $4,641
RTN FEDERAL CREDIT UNION 99 4.14% $3,670
The Huntington National Bank 98 3.57% $5,662
Webster Five Cents Savings Bank 95 4.45% $4,157
United Nations Federal Credit Union 95 3.04% $4,400
EQUITY RESOURCES, INC. 95 5.17% $5,501
BNY Mellon 94 3.54% $5,897
Sharon & Crescent United Credit Union 94 3.75% $2,520
The People's Credit Union 92 3.62% $6,500
Firstrust Savings Bank 88 4.42% $9,960
Merchants Bank of Indiana 85 4.90% $6,356
NBKC BANK 83 4.47% $4,290
Nations Lending Corporation 82 4.85% $7,168
GUARANTY HOME MORTGAGE CORPORATION 82 4.20% $5,013
CENTRAL ONE FEDERAL CREDIT UNION 76 4.18% $2,984
PHH Mortgage Corporation 74 4.42% $7,598
First Guaranty Mortgage Corporation 74 4.86% $9,423
MountainOne Bank 73 4.41% $4,754
IC Federal Credit Union 73 4.28% $2,701
ZILLOW HOME LOANS, LLC 72 4.06% $6,369
INLAND BANK & TRUST 72 5.24% $5,748
NJ LENDERS CORP. 72 4.42% $4,908
USAlliance Federal Credit Union 71 3.94% $5,659
FIRST MORTGAGE COMPANY, INC. 71 5.12% $6,686
People's United Bank 70 3.16% $3,878
HOMESTEAD FUNDING CORP. 69 4.73% $5,278
Truist 68 4.17% $6,019
Quontic Bank 68 7.04% $14,908
ALLIED MORTGAGE GROUP, INC. 67 4.82% $6,050
Home Loan Investment Bank, F.S.B. 67 5.10% $4,955
EVERETT FINANCIAL, INC. 66 5.23% $2,464
Norwood Co-operative Bank 66 4.16% $4,983
Goldman Sachs Bank USA 64 3.40% $8,180
MEMBER ADVANTAGE MORTGAGE, LLC 64 4.28% $5,502
Navigant Credit Union 63 4.57% $25,394
Semper Home Loans, Inc. 63 5.85% $9,413
Brookline Bank 61 3.91% $4,591
RIVER WORKS 59 4.56% $3,812
HOLYOKE 59 4.44% $4,074
TBI MORTGAGE COMPANY 57 4.08% $8,757
RELIANCE FIRST CAPITAL, LLC 55 4.70% $10,678
GUIDANCE RESIDENTIAL, LLC 55 5.30% $6,709
ARC HOME LLC 54 5.22% $9,260
HOMESIDE FINANCIAL, LLC 54 4.52% $8,176
Watermark Capital, Inc. 53 3.73% $4,677
The Federal Savings Bank 53 4.66% $11,298
TJC Mortgage, Inc. 52 5.07% $9,666
Republic State Mortgage Co. 50 5.14% $7,375
East West Bank 50 4.46% $7,634
City National Bank 48 3.64% $5,801
LADERA LENDING, INC. 48 4.50% $6,554
UMASSFIVE COLLEGE Federal Credit Union 47 4.58% $6,190
NATIONS RELIABLE LENDING, LLC 47 5.49% $7,045
HUNT MORTGAGE CORPORATION 46 5.15% $6,121
Hingham Institution for Savings 45 3.89% $5,585
BNC National Bank 45 4.56% $5,204
MID-ISLAND MORTGAGE CORP. 43 4.86% $3,033
PENTAGON FEDERAL CREDIT UNION 42 3.50% $6,103
Bethpage Federal Credit Union 41 4.77% $4,290
OCMBC, INC. 41 6.33% $15,200
North American Savings Bank, F.S.B. 41 5.32% $5,384
PRIMARY RESIDENTIAL MORTGAGE, INC. 41 4.97% $7,568
SOMERSET 40 3.92% $3,017
Luxury Mortgage Corp. 40 5.04% $7,189
Mortgage Research Center, LLC 40 4.54% $5,454
QUINCY CREDIT UNION 39 3.28% $2,871
PROVINCE MORTGAGE ASSOCIATES, INC. 38 5.19% $6,631
NORTHEAST HOME LOAN, LLC 38 3.91% $11,220
MLD MORTGAGE INC. 38 4.36% $4,190
Raymond James Bank 37 3.51% $4,865
ARRHA Credit Union 36 4.23% $2,909
Arvest Bank 36 4.34% $6,341
LUSO 36 3.59% $4,014
PLAZA HOME MORTGAGE, INC. 36 5.17% $10,959
NORTHERN MORTGAGE SERVICES, LLC 34 5.55% $5,716
Ally Bank 34 5.07% $7,597
FIRST WORLD MORTGAGE CORPORATION 34 5.11% $7,236
GENEVA FINANCIAL, LLC 33 5.69% $7,550
LENDSURE MORTGAGE CORP. 33 6.61% $15,466
ALIGN CREDIT UNION 33 3.66% $2,740
Discover Bank 32 4.48% $0
SOFI LENDING CORP. 32 3.64% $5,404
Dollar Bank, Federal Savings Bank 32 4.29% $4,047
Kwik Mortgage Corporation 31 4.20% $5,093
Stifel Bank and Trust 31 3.43% $4,077
UNION HOME MORTGAGE CORP. 29 4.34% $5,805
GREATER SPRINGFIELD CREDIT UNION 27 5.01% $2,668
HSBC BANK USA, NATIONAL ASSOCIATION 27 4.40% $6,349
FBC MORTGAGE, LLC 27 4.48% $3,793
AMERICAN FINANCING CORPORATION 26 4.42% $6,560
USAA Federal Savings Bank 26 5.18% $7,215
Baxter Credit Union 25 4.46% $4,451
ATHOL CREDIT UNION 24 4.56% $3,885
FALL RIVER MUNICIPAL CREDIT UNION 24 3.81% $2,535
T2 FINANCIAL LLC 23 4.72% $6,287
TREMONT CREDIT UNION 23 4.65% $5,589
Magnolia Bank 22 4.73% $13,955
The Washington Trust Company, of Westerly 22 4.38% $4,385
VAN DYK MORTGAGE CORPORATION 21 4.30% $5,138
Third Federal Savings and Loan Association of Cleveland 21 3.18% $1,472
Cathay Bank 21 5.04% $4,826
Service Federal Credit Union 21 4.30% $4,625
CHURCHILL MORTGAGE CORPORATION 20 5.09% $6,445
AMERICAN INTERNET MORTGAGE, INC. 20 3.97% $4,756
KELLER MORTGAGE, LLC 20 4.61% $4,269
BankNewport 20 4.26% $4,024
STEARNS LENDING, LLC 19 3.26% $4,663
COMMUNITY CREDIT UNION OF LYNN 19 5.28% $4,793
Beeline Loans, Inc. 19 3.85% $5,919
LENOX FINANCIAL MORTGAGE CORPORATION 18 4.42% $6,019
FIRST COMMUNITY MORTGAGE, INC. 18 6.37% $7,905
HOMEFIELD 18 3.20% $3,507
PREMIA MORTGAGE, LLC 18 4.79% $3,047
American Mortgage & Equity Consultants, Inc. 17 5.71% $6,891
Capitol Federal Savings Bank 17 3.95% $13,016
First Home Bank 16 4.94% $9,265
Farm Credit East, ACA 16 5.07% $12,287
FirstBank 16 3.47% $4,587
BMO Harris Bank 16 4.32% $10,620
First Federal Bank 15 4.06% $6,289
First Internet Bank of Indiana 15 4.52% $3,976
Plains Commerce Bank 15 4.95% $8,870
MID AMERICA MORTGAGE, INC. 15 4.24% $4,072
ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 4.89% $6,798
NexBank 14 5.21% $8,433
Waterstone Mortgage Corporation 13 5.42% $5,994
NATIONWIDE MORTGAGE BANKERS, INC. 13 5.32% $10,499
SIRVA MORTGAGE, INC. 13 4.77% $1,302
CONTOUR MORTGAGE CORPORATION 13 4.67% $8,866
Barrington Bank & Trust Company, N.A. 13 4.47% $7,008
RESIDENTIAL MORTGAGE SERVICES, INC. 13 3.59% $5,115
Princeton Mortgage Corporation 12 5.24% $7,835
FIRST TECHNOLOGY 12 3.88% $7,381
Prosperity Home Mortgage, LLC 12 4.80% $5,856
The Northern Trust Company 12 3.73% $6,508
CIBC Bank USA 12 3.73% $6,359
RBC Bank, (Georgia) 11 4.08% $4,186
Greenbox Loans, Inc. 11 7.95% $15,418
Ixonia Bank 11 5.41% $9,384
Amalgamated Bank 11 3.68% $6,261
LEADERONE FINANCIAL CORPORATION 11 5.72% $5,602
CREDIT UNION MORTGAGE ASSOCIATION, INC. 10 4.25% $6,012
UIF CORPORATION 10 4.88% $6,148
Bank Rhode Island 10 3.99% $4,015
Axos Bank 9 4.78% $15,250
NESC 9 3.44% $4,524
Meredith Village Savings Bank 9 4.26% $3,851
MORTGAGE ACCESS CORP. 9 5.47% $7,964
Strong Home Mortgage, LLC 9 4.19% $3,612
The Union Bank Company 8 3.44% $5,751
AMERICAN EAGLE FINANCIAL CREDIT UNION 8 4.03% $4,372
Metro City Bank 8 5.41% $12,103
AMERICAN PACIFIC MORTGAGE CORPORATION 8 5.34% $8,307
AmeriHome Mortgage Company, LLC 8 4.48% $6,587
MILEND, INC. 8 4.59% $8,047
Ameris Bank 8 5.08% $7,882
Hometown Lenders, Inc. 8 4.81% $12,077
Texana Bank 8 3.95% $10,057
NBT Bank 8 3.61% $3,614
STANFORD Federal Credit Union 8 4.16% $6,647
ALLIANT CREDIT UNION 8 3.91% $3,898
Network Funding, L.P. 7 4.55% $4,722
PREMIER MORTGAGE RESOURCES, L.L.C. 7 6.25% $14,191
Simmons Bank 7 3.48% $5,764
HOMESPIRE MORTGAGE CORPORATION 7 5.02% $9,961
AMERICAN FEDERAL MORTGAGE CORPORATION 7 4.36% $3,515
First Option Mortgage, LLC 7 5.86% $12,291
Liberty Bank 7 3.48% $4,827
ADVANCIAL 7 5.73% $5,568
FRANKLIN MINT 7 3.20% $6,805
BOKF 7 4.21% $4,743
Westport Federal Credit Union 7 3.61% $4,349
Florida Capital Bank 7 4.05% $10,285
TOP FLITE FINANCIAL, INC. 6 5.60% $13,479
First Horizon Bank 6 4.35% $5,622
GuardHill Financial Corp. 6 4.33% $7,665
DEEPHAVEN MORTGAGE LLC 6 7.19% $15,439
BAYSHORE MORTGAGE FUNDING, LLC 6 4.85% $7,628
BLUELEAF LENDING, LLC 6 3.83% $9,341
OAKTREE FUNDING CORP. 6 6.50% $10,878
Bank-Fund Staff Federal Credit Union 5 3.40% $5,346
HANCOCK MORTGAGE PARTNERS, LLC 5 4.28% $4,788
SUCCESS MORTGAGE PARTNERS, INC. 5 4.43% $5,051
Armed Forces Bank 5 4.93% $5,635
Merrimack County Savings Bank 5 4.62% $3,864
Cf Bank 5 3.32% $1,746
LOGIX FEDERAL CREDIT UNION 5 3.15% $2,884
Community Bank 5 5.05% $762
RESIDENTIAL BANCORP 5 4.77% $8,286
Bank of New Hampshire 5 4.73% $3,855
DELTA COMMUNITY CREDIT UNION 5 4.00% $5,527
DEPARTMENT OF COMMERCE 4 3.16% $8,230
DAS Acquisition Company, LLC 4 5.03% $7,823
Centreville Bank 4 4.47% $3,275
BELLWETHER COMMUNITY 4 3.44% $4,521
NEW ENGLAND FEDERAL CREDIT UNION 4 3.56% $2,919
General Mortgage Capital Corporation 4 5.16% $4,231
Pinnacle Bank 4 5.13% $8,629
RUOFF MORTGAGE COMPANY, INC. 4 5.56% $7,012
GREENWOOD 4 4.88% $5,431
Actors Federal Credit Union 4 3.00% $7,491
Advisors Mortgage Group, L.L.C. 4 4.38% $4,132
CANOPY MORTGAGE, LLC 4 4.19% $4,155
TrustCo Bank 4 4.09% $1,980
ST. MARY'S BANK 4 5.13% $3,918
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 4 5.72% $14,455
AMERICAN FINANCE HOUSE LARIBA 4 4.18% $7,602
FM Home Loans, LLC 3 4.13% $4,367
LIBERTY HOME MORTGAGE CORPORATION 3 6.13% $7,607
LANDED HOME LOANS LLC 3 5.87% $8,325
MMS MORTGAGE SERVICES, LTD. 3 4.04% $3,857
NATIONAL COOPERATIVE BANK, N.A. 3 6.17% $3,378
LOANPAL, LLC 3 4.24% $9,266
NP, Inc. 3 6.62% $7,410
Old National Bank 3 4.92% $7,415
First-Citizens Bank & Trust Company 3 3.83% $5,699
BOND STREET MORTGAGE, LLC 3 3.96% $5,227
S&T Bank 3 5.63% $5,097
Blue Ridge Bank 3 5.46% $10,189
TEACHERS 3 4.88% $4,254
Bar Harbor Bank & Trust 3 4.83% $7,945
Ukrainian Federal Credit Union 3 4.50% $4,483
UMB Bank 3 3.59% $3,951
Walpole Co-operative Bank 3 4.75% $2,613
AMERICAN BANCSHARES MORTGAGE 3 4.96% $7,033
WORCESTER 3 4.83% $6,110
MORTGAGE MARKETS CUSO, LLC 2 4.31% $7,164
HONDA Federal Credit Union 2 4.56% $6,395
CRESCENT MORTGAGE COMPANY 2 4.56% $3,656
SCIENT Federal Credit Union 2 3.38% $3,075
LUSO-AMERICAN CREDIT UNION 2 4.94% $2,597
INTELLILOAN, INC. 2 4.06% $10,485
Fidelity Bank 2 4.75% $4,811
GREENSTATE CREDIT UNION 2 6.31% $4,037
LOANLEADERS OF AMERICA, INC. 2 4.50% $7,080
Amerifirst Financial, Inc. 2 6.69% $28,020
ITHINK FINANCIAL Credit Union 2 5.25% $6,212
Wilmington Savings Fund Society, FSB 2 5.12% $4,556
UNITED 2 5.19% $6,683
Chickasaw Community Bank 2 3.75% $3,501
The Central Trust Bank 2 4.38% $2,744
First Federal Bank of Kansas City 2 3.38% $3,753
NATIONS DIRECT MORTGAGE, LLC 2 4.25% $13,013
AMERICAN FINANCIAL RESOURCES, INC. 2 5.31% $5,785
PLANET HOME LENDING, LLC 2 5.38% $12,996
Peapack-Gladstone Bank 2 4.19% $3,546
Valley National Bank 2 4.19% $8,193
KINECTA 2 3.88% $8,749
Academy Bank 2 3.44% $4,752
Northwest Community Bank 2 3.63% $3,682
Figure Lending LLC 2 3.44% $4,071
QUORUM FEDERAL CREDIT UNION 2 3.88% $3,213
Signature Federal Credit Union 2 3.75% $6,577
ROYAL UNITED MORTGAGE LLC 2 4.56% $14,430
MDE Home Loans, LLC 2 5.50% $8,577
ONY GLO, INC. 2 4.94% $5,454
AFFINITY 2 3.75% $2,227
WESCOM CENTRAL CREDIT UNION 2 4.25% $7,984
City National Bank of Florida 2 5.19% $6,064
TOGETHER CREDIT UNION 2 4.60% $3,597
PROPONENT Federal Credit Union 2 3.69% $5,575
FAIRWINDS CREDIT UNION 2 5.00% $8,546
Hometown Equity Mortgage, LLC 2 3.75% $9,732
Presidential Bank, FSB 2 4.38% $7,947
PRYSMA LENDING GROUP, LLC 2 7.13% $12,186
FineMark National Bank & Trust 2 4.19% $10,954
S1L, Inc. 2 4.75% $3,753
Residential Mortgage Solutions, Inc. 2 4.56% $9,616
The Farmers National Bank of Canfield 1 5.50% $4,549
The Home Loan Expert LLC 1 4.75% $33,922
NASA Federal Credit Union 1 3.88% $10,524
THE MORTGAGE FIRM, INC. 1 4.88% $4,039
Mutual Federal Bank 1 5.50% $7,687
Bank First, N.A. 1 4.90% $3,914
Hancock Whitney Bank 1 2.88% $7,952
HARTFORD FUNDING, LTD. 1 7.13% $16,941
Austin Capital Bank SSB 1 5.63% $6,989
THRIVENT Federal Credit Union 1 5.38% $3,375
Atlantic Union Bank 1 4.25% $3,366
ATHAS CAPITAL GROUP, INC. 1 8.38% $14,184
TOWER 1 3.25% $4,800
Towne Bank 1 4.38% $7,487
TRUMARK FINANCIAL CREDIT UNION 1 3.88% $5,352
IDB Global Federal Credit Union 1 4.50% $4,765
Independent Bank 1 3.62% $3,091
WINGS FINANCIAL 1 3.13% $4,842
Midwest BankCentre 1 3.75% $2,665
Union Savings Bank 1 4.00% $2,698
UNITED MORTGAGE CORP 1 7.63% $14,195
MidFirst Bank 1 3.50% $37,627
IVY MORTGAGE, INC. 1 3.50% $4,342
Univest Bank and Trust Co. 1 4.75% $12,405
KEYPOINT 1 3.89% $6,984
Meridian Bank Corporation 1 3.13% $3,917
WALL STREET MORTGAGE BANKERS, LTD. 1 7.13% $31,371
A&D Mortgage LLC 1 8.63% $17,680
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION 1 3.63% $3,352
AMCAP MORTGAGE, LTD. 1 3.88% $4,362
Kish Bank 1 3.75% $3,923
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 5.63% $12,738
Alerus Financial 1 6.13% $3,717
Elements Financial Federal Credit Union 1 5.25% $3,642
Prime Choice Funding Inc. 1 2.75% $10,948
EASTMAN 1 4.25% $13,196
Premium Mortgage Corporation 1 6.38% $4,281
Quaint Oak Mortgage, LLC 1 5.50% $8,806
Deere Employees Credit Union 1 3.63% $2,251
DELMAR FINANCIAL COMPANY 1 6.38% $4,353
Farmers & Stockmens Bank 1 5.63% $4,173
POLARIS HOME FUNDING CORP. 1 3.55% $11,889
Red River Bank 1 5.38% $3,574
REDWOOD RESIDENTIAL ACQUISITION CORPORATION 1 3.63% $4,536
Fifth Third Bank 1 5.13% $4,717
Financial Federal Bank 1 3.75% $5,436
Rhode Island Credit Union 1 3.13% $640
FINANCIAL RESOURCES FEDERAL CREDIT UNION 1 5.50% $3,745
Commerce Bank 1 2.88% $5,285
Comerica Bank 1 4.50% $6,291
Colonial Savings, F.A. 1 3.63% $8,373
City Bank 1 6.13% $7,654
CITIZENS EQUITY FIRST 1 3.50% $2,652
FINEX CREDIT UNION 1 4.50% $5,150
CHEVRON 1 5.13% $2,890
Paramount Bank 1 6.88% $3,463
Signal Financial Federal Credit Union 1 4.50% $6,176
Carrollton Bank 1 5.13% $3,787
OCEANSIDE MORTGAGE COMPANY 1 3.25% $1,886
SIWELL, INC. 1 3.50% $4,334
Carrington Mortgage Services, LLC 1 4.63% $8,573
NUTMEG STATE FINANCIAL 1 4.25% $4,856
SOUTHCOAST FEDERAL CREDIT UNION 1 3.50% $4,150
NUMARK CREDIT UNION 1 6.13% $4,185
SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.88% $18,503
Southwest Airlines Federal Credit Union 1 4.25% $7,189
Maine Savings Federal Credit Union 1 4.99% $8,659
State Financial Network, LLC 1 3.50% $2,649
First Merchants Bank 1 2.38% $5,578
First State Bank of St. Charles, Missouri 1 4.13% $2,744
West Town Bank & Trust 1 3.63% $6,706
Stock Yards Bank & Trust Company 1 5.38% $2,577
First United Bank and Trust Company 1 4.25% $5,282
North Brookfield Savings Bank 1 2.88% $0
SUMMIT FUNDING, INC. 1 5.88% $4,373
Superior Credit Union, Inc. 1 3.88% $3,681
First Western Trust Bank 1 4.75% $5,196
FREEDOM FIRST 1 3.50% $2,795
GEORGIA'S OWN 1 6.00% $5,482
NBH Bank 1 5.50% $4,753
GSF Mortgage Corporation 1 6.99% $12,736

Massachusetts Average Closing Costs & Other Stats

Massachusetts's 482 lenders originated 176,753 loans during 2022. The total origination value was $77,279,525,000, with an average loan value of $437,218.

Massachusetts's average closing costs are $5,025.

The top Massachusetts lender as defined by loan originations is QUICKEN LOANS, LLC, with 3,941 loans originated. Their average total fees are $7,759, which is $2,290 higher than the next largest lender, GUARANTEED RATE, INC..

The lowest fee Massachusetts lenders (with over 10 loans originated) are Discover Bank ($0), SIRVA MORTGAGE, INC. ($1,302), Third Federal Savings and Loan Association of Cleveland ($1,472), EVERETT FINANCIAL, INC. ($2,464) and Sharon & Crescent United Credit Union ($2,520).

The lowest rate Massachusetts lenders (with over 10 loans originated) are United Nations Federal Credit Union (3.04%), People's United Bank (3.16%), Santander Bank, N.A. (3.18%), Third Federal Savings and Loan Association of Cleveland (3.18%) and HOMEFIELD (3.20%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
First Republic Bank $2,954,995,000 $3,770,565,000 27.6% 4.9%
Citizens Bank $4,603,755,000 $3,406,310,000 -26.0% 4.4%
GUARANTEED RATE, INC. $7,816,175,000 $2,571,800,000 -67.1% 3.3%
Leader Bank $5,874,920,000 $2,504,135,000 -57.4% 3.2%
QUICKEN LOANS, LLC $7,219,820,000 $2,103,505,000 -70.9% 2.7%
Bank of America $3,319,190,000 $1,896,330,000 -42.9% 2.5%
UNITED WHOLESALE MORTGAGE, LLC $3,616,385,000 $1,792,955,000 -50.4% 2.3%
Eastern Bank $1,697,670,000 $1,742,230,000 2.6% 2.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,743,535,000 $1,702,120,000 -54.5% 2.2%
CROSSCOUNTRY MORTGAGE, LLC $3,171,135,000 $1,618,130,000 -49.0% 2.1%
Rockland Trust Company $2,101,545,000 $1,574,400,000 -25.1% 2.0%
The Cape Cod Five Cents Savings Bank $1,620,065,000 $1,502,540,000 -7.3% 1.9%
JPMorgan Chase Bank $2,221,905,000 $1,252,025,000 -43.7% 1.6%
U.S. Bank $1,718,105,000 $1,032,600,000 -39.9% 1.3%
GUILD MORTGAGE COMPANY $177,670,000 $962,080,000 441.5% 1.2%
Webster Bank $1,011,020,000 $955,280,000 -5.5% 1.2%
TD Bank $1,402,455,000 $951,070,000 -32.2% 1.2%
LOANDEPOT.COM, LLC $3,456,545,000 $950,855,000 -72.5% 1.2%
Wells Fargo Bank $2,119,585,000 $935,815,000 -55.8% 1.2%
Cambridge Savings Bank $942,535,000 $892,340,000 -5.3% 1.2%
WASHINGTON TRUST MORTGAGE COMPANY LLC $954,340,000 $796,580,000 -16.5% 1.0%
Brookline Bank $454,375,000 $742,085,000 63.3% 1.0%
Institution for Savings in Newburyport and Its Vicinity $1,109,060,000 $731,600,000 -34.0% 0.9%
DIGITAL Federal Credit Union $874,630,000 $708,180,000 -19.0% 0.9%
Mortgage Network, Inc. $2,123,395,000 $674,545,000 -68.2% 0.9%
Needham Bank $490,065,000 $624,260,000 27.4% 0.8%
Berkshire Bank $313,105,000 $623,245,000 99.1% 0.8%
SALEM FIVE MORTGAGE COMPANY, LLC $1,494,910,000 $605,755,000 -59.5% 0.8%
MOVEMENT MORTGAGE, LLC $516,935,000 $550,560,000 6.5% 0.7%
Morgan Stanley Private Bank $618,590,000 $550,150,000 -11.1% 0.7%
HARBORONE MORTGAGE, LLC $1,222,330,000 $549,490,000 -55.0% 0.7%
Middlesex Savings Bank $513,465,000 $522,125,000 1.7% 0.7%
The Village Bank $472,035,000 $522,005,000 10.6% 0.7%
WALKER & DUNLOP, LLC $617,025,000 $503,785,000 -18.4% 0.7%
TOTAL MORTGAGE SERVICES, LLC $793,805,000 $484,980,000 -38.9% 0.6%
Hingham Institution for Savings $598,805,000 $481,090,000 -19.7% 0.6%
Jeanne D'Arc Credit Union $407,830,000 $462,355,000 13.4% 0.6%
Dedham Institution for Savings $547,685,000 $458,425,000 -16.3% 0.6%
Everett Co-operative Bank $192,445,000 $451,845,000 134.8% 0.6%
METRO $774,790,000 $429,585,000 -44.6% 0.6%
Enterprise Bank and Trust Company $413,265,000 $415,185,000 0.5% 0.5%
Fall River Five Cents Savings Bank $595,735,000 $405,125,000 -32.0% 0.5%
GUARANTEED RATE AFFINITY, LLC $918,530,000 $401,965,000 -56.2% 0.5%
Envision Bank $1,270,735,000 $399,630,000 -68.6% 0.5%
Cambridge Trust Company $661,215,000 $398,555,000 -39.7% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $1,118,325,000 $398,175,000 -64.4% 0.5%
Silicon Valley Bank $73,665,000 $395,455,000 436.8% 0.5%
CALIBER HOME LOANS, INC. $790,300,000 $389,160,000 -50.8% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,252,190,000 $382,335,000 -69.5% 0.5%
HANSCOM $521,745,000 $381,390,000 -26.9% 0.5%
HOME POINT FINANCIAL CORPORATION $1,127,180,000 $363,915,000 -67.7% 0.5%
NEW FED MORTGAGE, CORP. $1,423,325,000 $358,280,000 -74.8% 0.5%
Citibank $384,425,000 $356,780,000 -7.2% 0.5%
RADIUS FINANCIAL GROUP INC. $933,525,000 $356,005,000 -61.9% 0.5%
KeyBank $420,975,000 $354,350,000 -15.8% 0.5%
BAYCOAST MORTGAGE COMPANY, LLC $649,495,000 $341,605,000 -47.4% 0.4%
DRAPER AND KRAMER MORTGAGE CORP. $1,478,840,000 $329,370,000 -77.7% 0.4%
Bangor Savings Bank $405,870,000 $324,485,000 -20.1% 0.4%
Flagstar Bank, FSB $405,510,000 $311,665,000 -23.1% 0.4%
Workers Credit Union $214,035,000 $306,790,000 43.3% 0.4%
FREEDOM MORTGAGE CORPORATION $1,475,760,000 $306,475,000 -79.2% 0.4%
HOMEBRIDGE FINANCIAL SERVICES, INC. $691,250,000 $304,985,000 -55.9% 0.4%
East Cambridge Savings Bank $306,110,000 $302,175,000 -1.3% 0.4%
PNC Bank $202,350,000 $297,705,000 47.1% 0.4%
Cape Cod Co-operative Bank $318,035,000 $290,785,000 -8.6% 0.4%
AMERISAVE MORTGAGE CORPORATION $1,676,615,000 $282,030,000 -83.2% 0.4%
ROCKLAND $305,460,000 $267,740,000 -12.3% 0.3%
NEWREZ LLC $1,528,415,000 $261,040,000 -82.9% 0.3%
UniBank for Savings $328,030,000 $258,930,000 -21.1% 0.3%
Santander Bank, N.A. $1,109,405,000 $254,585,000 -77.1% 0.3%
Bridgewater Savings Bank $595,350,000 $252,665,000 -57.6% 0.3%
Mortgage Research Center, LLC $389,195,000 $243,630,000 -37.4% 0.3%
HarborOne Bank $106,210,000 $243,350,000 129.1% 0.3%
Martha's Vineyard Savings Bank $321,695,000 $220,525,000 -31.4% 0.3%
ENVOY MORTGAGE, LTD $471,745,000 $212,970,000 -54.9% 0.3%
RF Renovo Management Company, LLC $105,585,000 $212,560,000 101.3% 0.3%
GREYLOCK $130,795,000 $211,895,000 62.0% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $519,140,000 $207,160,000 -60.1% 0.3%
BERKADIA COMMERCIAL MORTGAGE LLC $48,820,000 $206,545,000 323.1% 0.3%
Avidia Bank $227,350,000 $204,255,000 -10.2% 0.3%
Florence Bank $155,320,000 $202,665,000 30.5% 0.3%
ACADEMY MORTGAGE CORPORATION $448,955,000 $199,610,000 -55.5% 0.3%
North Shore Bank, a Co-operative Bank $304,700,000 $193,165,000 -36.6% 0.2%
EMBRACE HOME LOANS, INC. $338,765,000 $193,110,000 -43.0% 0.2%
M&T Bank $72,055,000 $191,430,000 165.7% 0.2%
PeoplesBank $229,630,000 $190,630,000 -17.0% 0.2%
Cornerstone Bank $212,795,000 $190,505,000 -10.5% 0.2%
Salem Five Cents Savings Bank $244,495,000 $189,310,000 -22.6% 0.2%
UBS Bank USA $261,950,000 $185,155,000 -29.3% 0.2%
Northern Bank & Trust Company $309,365,000 $184,930,000 -40.2% 0.2%
NAVY FEDERAL CREDIT UNION $298,855,000 $184,215,000 -38.4% 0.2%
Coastal Heritage Bank $183,040,000 $179,740,000 -1.8% 0.2%
Capital One $110,005,000 $179,610,000 63.3% 0.2%
WEBSTER FIRST Federal Credit Union $107,790,000 $174,865,000 62.2% 0.2%
The Camden National Bank $274,510,000 $170,830,000 -37.8% 0.2%
Main Street Bank $191,395,000 $167,315,000 -12.6% 0.2%
HARVARD UNIVERSITY EMPLOYEES $402,410,000 $164,905,000 -59.0% 0.2%
Shamrock Home Loans, Inc. $295,525,000 $163,720,000 -44.6% 0.2%
Equity Prime Mortgage LLC $208,180,000 $162,895,000 -21.8% 0.2%
Fidelity Co-operative Bank $165,325,000 $162,215,000 -1.9% 0.2%
Bristol County Savings Bank $301,430,000 $159,320,000 -47.1% 0.2%
EMM LOANS LLC $350,260,000 $157,330,000 -55.1% 0.2%
Goldman Sachs Bank USA $170,905,000 $156,505,000 -8.4% 0.2%
Easthampton Savings Bank $108,540,000 $156,085,000 43.8% 0.2%
Direct Federal Credit Union $168,980,000 $150,800,000 -10.8% 0.2%
MORTGAGE EQUITY PARTNERS LLC $296,755,000 $150,135,000 -49.4% 0.2%
Westfield Bank $173,345,000 $148,800,000 -14.2% 0.2%
Adams Community Bank $170,965,000 $146,660,000 -14.2% 0.2%
The Bank of Canton $292,490,000 $145,440,000 -50.3% 0.2%
Reading Co-Operative Bank $107,695,000 $143,155,000 32.9% 0.2%
North Easton Savings Bank $281,705,000 $142,535,000 -49.4% 0.2%
BayCoast Bank $39,395,000 $142,020,000 260.5% 0.2%
Country Bank for Savings $99,140,000 $140,430,000 41.6% 0.2%
Evolve Bank & Trust $242,280,000 $138,145,000 -43.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $573,240,000 $137,235,000 -76.1% 0.2%
The Cooperative Bank $152,355,000 $136,285,000 -10.5% 0.2%
Charles Schwab Bank, SSB $261,480,000 $134,685,000 -48.5% 0.2%
Winchester Co-operative Bank $168,765,000 $134,185,000 -20.5% 0.2%
Cape Ann Savings Bank $96,460,000 $131,525,000 36.4% 0.2%
Norwood Co-operative Bank $159,780,000 $130,830,000 -18.1% 0.2%
Watertown Savings Bank $86,160,000 $130,600,000 51.6% 0.2%
BAY EQUITY LLC $190,600,000 $128,625,000 -32.5% 0.2%
CENTRAL ONE FEDERAL CREDIT UNION $98,335,000 $128,480,000 30.7% 0.2%
DREW MORTGAGE ASSOCIATES, INC. $303,195,000 $126,845,000 -58.2% 0.2%
MutualOne Bank $123,045,000 n/a 0.2%
BERKELEY POINT CAPITAL LLC $192,965,000 $122,230,000 -36.7% 0.2%
East West Bank $118,305,000 $122,150,000 3.3% 0.2%
NFM, INC. $231,360,000 $119,085,000 -48.5% 0.2%
BNY Mellon $154,410,000 $117,035,000 -24.2% 0.2%
St. Anne's Credit Union of Fall River, Mass. $132,575,000 $116,135,000 -12.4% 0.2%
Prudential Huntoon Paige Associates, LLC $116,100,000 n/a 0.2%
Metropolitan Life Insurance Co $115,660,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $131,700,000 $115,650,000 -12.2% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $685,415,000 $113,500,000 -83.4% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $210,120,000 $113,090,000 -46.2% 0.1%
The Washington Trust Company, of Westerly $105,990,000 $111,305,000 5.0% 0.1%
BROKER SOLUTIONS, INC. $419,145,000 $111,110,000 -73.5% 0.1%
Greenfield Savings Bank $148,565,000 $109,465,000 -26.3% 0.1%
South Shore Bank $171,360,000 $108,860,000 -36.5% 0.1%
Ross Mortgage Company, Inc. $369,750,000 $107,675,000 -70.9% 0.1%
MEMBERS MORTGAGE COMPANY, INC. $297,010,000 $107,455,000 -63.8% 0.1%
Northpointe Bank $188,270,000 $107,135,000 -43.1% 0.1%
NORTHPOINT MORTGAGE, INC. $300,745,000 $104,455,000 -65.3% 0.1%
NORWICH COMMERCIAL GROUP, INC. $174,955,000 $103,370,000 -40.9% 0.1%
Clinton Savings Bank $101,880,000 $102,935,000 1.0% 0.1%
LEOMINSTER CREDIT UNION $71,205,000 $100,050,000 40.5% 0.1%
PAWTUCKET $125,650,000 $98,090,000 -21.9% 0.1%
St. Mary's Credit Union $91,525,000 $96,705,000 5.7% 0.1%
MERRIMACK VALLEY $123,995,000 $96,120,000 -22.5% 0.1%
StonehamBank, A Co-operative Bank $110,745,000 $93,755,000 -15.3% 0.1%
CMG MORTGAGE, INC. $106,430,000 $92,240,000 -13.3% 0.1%
Monson Savings Bank $111,970,000 $92,215,000 -17.6% 0.1%
Middlesex Federal Savings, F.A. $92,165,000 $91,850,000 -0.3% 0.1%
Paramount Residential Mortgage Group, Inc. $209,380,000 $90,310,000 -56.9% 0.1%
USAlliance Federal Credit Union $81,780,000 $87,440,000 6.9% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $199,595,000 $86,700,000 -56.6% 0.1%
Winchester Savings Bank $128,790,000 $86,455,000 -32.9% 0.1%
The Federal Savings Bank $305,280,000 $85,450,000 -72.0% 0.1%
Wakefield Co-operative Bank $85,955,000 $85,430,000 -0.6% 0.1%
MountainOne Bank $107,115,000 $85,190,000 -20.5% 0.1%
Sierra Pacific Mortgage Company, Inc. $203,670,000 $83,865,000 -58.8% 0.1%
WILLIAM RAVEIS MORTGAGE, LLC $240,385,000