Top Mortgage Lenders in Springfield, MA

Which mortgage lender in the Springfield, MA area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Springfield, MA area by interest rate and market share. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Springfield, MA area in terms of interest rate is Westfield Bank, with an average “Rate Difference” of -0.29%. This means that, comparing similar borrowers, Westfield Bank provided a -0.29% lower interest rate for its customers than other lenders in the area. Westfield Bank has a market share of 5.9%. On the other hand, the most popular lender in the Springfield, MA area is Quicken Loans, with a larger market share of 9.9%. However, Quicken Loans also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.21% compared to those of other lenders. We recommend shopping around before going with this popular lender.

Our detailed ranking of mortgage lenders in the Springfield, MA area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Springfield, MA is Westfield Bank. If you want to take out a loan that is above conforming limits (for example, above $548,250 in 2021), the cheapest Jumbo mortgage provider is Bank of America. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Freedom Mortgage Corporation. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Springfield, MA

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Westfield Bank-0.29%(5.0)5.88%
Florence Bank-0.26%(5.0)4.73%
Polish National Credit Union-0.23%(4.5)5.82%
PeoplesBank-0.18%(4.5)6.42%
Freedom Mortgage Corporation-0.12%(4.0)1.12%
Luso Federal Credit Union-0.06%(4.0)0.83%
People’s United Bank-0.06%(4.0)1.09%
Holyoke Credit Union-0.05%(3.5)2.52%
Berkshire Bank-0.04%(3.5)1.23%
Greater Springfield Credit Union-0.04%(3.5)0.88%
Member Advantage Mortgage-0.03%(3.5)1.65%
Bank of America-0.02%(3.5)1.60%
Finance of America Mortgage-0.01%(3.5)0.50%
Workers Credit Union-0.01%(3.5)0.56%
NewRez-0.01%(3.5)2.06%
Guaranteed Rate0.00%(3.5)1.48%
Navy Federal Credit Union0.00%(3.5)0.73%
USAA0.01%(3.5)1.16%
Envision Bank0.01%(3.5)2.84%
PennyMac Loan Services0.01%(3.5)0.52%
Lakeview Loan Servicing0.01%(3.5)0.46%
Residential Mortgage Services0.02%(3.5)2.64%
Amerisave Mortgage Corporation0.02%(3.5)0.48%
HarborOne Mortgage0.02%(3.5)5.92%
Wells Fargo Bank0.03%(3.5)0.90%
Flagstar Bank0.03%(3.5)0.49%
Norwich Commercial Group Inc0.04%(3.5)2.00%
Guaranteed Rate Affinity0.05%(3.5)1.06%
loanDepot0.05%(3.0)1.46%
JPMorgan Chase Bank0.07%(3.0)0.49%
Mortgage Network, Inc0.07%(3.0)6.91%
Fairway Independent Mortgage Corporation0.07%(3.0)4.17%
First World Mortgage Corporation0.07%(3.0)0.46%
Radius Financial Group0.07%(3.0)2.01%
Movement Mortgage0.09%(3.0)1.72%
KeyBank0.10%(3.0)0.70%
Northern Mortgage Services, LLC0.10%(3.0)0.53%
Embrace Home Loans0.11%(3.0)0.90%
TD Bank0.12%(3.0)1.89%
Northpoint Mortgage0.14%(3.0)2.56%
Academy Mortgage Corporation Utah0.15%(3.0)5.25%
Mr. Cooper0.17%(2.5)1.13%
Quicken Loans0.21%(2.5)9.88%
Inland Bank and Trust0.22%(2.5)2.38%
Lender NameRate DifferenceRate RatingMarket Share
Westfield Bank-0.31%(5.0)4.19%
Freedom Mortgage Corporation-0.25%(4.5)1.09%
Polish National Credit Union-0.24%(4.5)4.55%
Florence Bank-0.21%(4.5)3.50%
PeoplesBank-0.19%(4.5)7.01%
Bank of America-0.09%(4.0)1.62%
Berkshire Bank-0.09%(4.0)1.50%
People’s United Bank-0.08%(4.0)1.35%
Holyoke Credit Union-0.04%(3.5)2.09%
NewRez-0.04%(3.5)2.26%
Finance of America Mortgage-0.03%(3.5)0.64%
Wells Fargo Bank-0.03%(3.5)0.79%
Luso Federal Credit Union-0.02%(3.5)0.43%
Navy Federal Credit Union-0.02%(3.5)0.90%
Member Advantage Mortgage-0.02%(3.5)1.90%
PennyMac Loan Services-0.02%(3.5)0.15%
USAA-0.00%(3.5)1.39%
KeyBank0.00%(3.5)0.23%
Guaranteed Rate0.00%(3.5)1.75%
JPMorgan Chase Bank0.00%(3.5)0.32%
Greater Springfield Credit Union0.01%(3.5)0.75%
Envision Bank0.01%(3.5)2.97%
Workers Credit Union0.01%(3.5)0.45%
Lakeview Loan Servicing0.01%(3.5)0.09%
loanDepot0.01%(3.5)0.47%
Residential Mortgage Services0.01%(3.5)3.61%
Flagstar Bank0.03%(3.5)0.51%
Norwich Commercial Group Inc0.03%(3.5)2.71%
Amerisave Mortgage Corporation0.03%(3.5)0.06%
HarborOne Mortgage0.03%(3.5)6.75%
Guaranteed Rate Affinity0.05%(3.0)1.35%
First World Mortgage Corporation0.05%(3.0)0.53%
Fairway Independent Mortgage Corporation0.06%(3.0)5.58%
Mortgage Network, Inc0.06%(3.0)9.44%
TD Bank0.08%(3.0)1.43%
Mr. Cooper0.08%(3.0)0.64%
Radius Financial Group0.09%(3.0)2.52%
Movement Mortgage0.09%(3.0)2.46%
Northern Mortgage Services, LLC0.11%(3.0)0.49%
Embrace Home Loans0.12%(3.0)1.03%
Northpoint Mortgage0.15%(3.0)3.55%
Academy Mortgage Corporation Utah0.15%(2.5)7.07%
Quicken Loans0.19%(2.5)4.49%
Inland Bank and Trust0.22%(2.5)3.40%
Lender NameRate DifferenceRate RatingMarket Share
Florence Bank-0.29%(5.0)7.06%
Westfield Bank-0.26%(5.0)9.08%
Polish National Credit Union-0.21%(4.5)8.23%
PeoplesBank-0.16%(4.5)5.31%
Greater Springfield Credit Union-0.09%(4.0)1.14%
Luso Federal Credit Union-0.07%(4.0)1.58%
Member Advantage Mortgage-0.06%(4.0)1.18%
Holyoke Credit Union-0.04%(3.5)3.33%
HarborOne Mortgage-0.02%(3.5)4.34%
Guaranteed Rate-0.02%(3.5)0.97%
Workers Credit Union-0.02%(3.5)0.77%
Radius Financial Group-0.02%(3.5)1.05%
Guaranteed Rate Affinity-0.00%(3.5)0.53%
Movement Mortgage0.00%(3.5)0.32%
Envision Bank0.00%(3.5)2.60%
USAA0.01%(3.5)0.73%
Mortgage Network, Inc0.02%(3.5)2.11%
Residential Mortgage Services0.02%(3.5)0.81%
Northpoint Mortgage0.02%(3.5)0.69%
Lakeview Loan Servicing0.03%(3.5)1.18%
People’s United Bank0.03%(3.5)0.61%
PennyMac Loan Services0.03%(3.5)1.22%
Amerisave Mortgage Corporation0.04%(3.5)1.26%
Fairway Independent Mortgage Corporation0.05%(3.5)1.50%
Flagstar Bank0.05%(3.5)0.45%
NewRez0.05%(3.0)1.66%
Finance of America Mortgage0.06%(3.0)0.24%
Embrace Home Loans0.06%(3.0)0.65%
Navy Federal Credit Union0.07%(3.0)0.41%
Inland Bank and Trust0.07%(3.0)0.45%
Academy Mortgage Corporation Utah0.07%(3.0)1.78%
loanDepot0.08%(3.0)3.33%
Northern Mortgage Services, LLC0.09%(3.0)0.61%
Freedom Mortgage Corporation0.11%(3.0)1.18%
First World Mortgage Corporation0.12%(3.0)0.32%
Norwich Commercial Group Inc0.12%(3.0)0.65%
Wells Fargo Bank0.12%(3.0)1.09%
JPMorgan Chase Bank0.12%(3.0)0.81%
Berkshire Bank0.12%(3.0)0.73%
Bank of America0.13%(3.0)1.54%
KeyBank0.14%(3.0)1.58%
TD Bank0.16%(2.5)2.76%
Mr. Cooper0.23%(2.5)2.07%
Quicken Loans0.23%(2.5)20.11%
Lender NameRate DifferenceRate RatingMarket Share
Westfield Bank-0.28%(5.0)8.05%
Florence Bank-0.25%(4.5)6.54%
Polish National Credit Union-0.22%(4.5)8.02%
PeoplesBank-0.18%(4.5)8.69%
People’s United Bank-0.06%(4.0)1.36%
Luso Federal Credit Union-0.05%(3.5)1.14%
Berkshire Bank-0.04%(3.5)1.41%
Holyoke Credit Union-0.04%(3.5)3.47%
Greater Springfield Credit Union-0.03%(3.5)1.22%
Member Advantage Mortgage-0.02%(3.5)2.13%
Bank of America-0.01%(3.5)2.03%
Workers Credit Union-0.00%(3.5)0.74%
Guaranteed Rate0.01%(3.5)1.36%
HarborOne Mortgage0.02%(3.5)5.81%
Envision Bank0.02%(3.5)2.75%
Amerisave Mortgage Corporation0.03%(3.5)0.54%
loanDepot0.04%(3.5)1.12%
Wells Fargo Bank0.05%(3.5)1.16%
Lakeview Loan Servicing0.05%(3.5)0.06%
Norwich Commercial Group Inc0.06%(3.0)1.26%
PennyMac Loan Services0.06%(3.0)0.19%
Finance of America Mortgage0.07%(3.0)0.27%
Residential Mortgage Services0.07%(3.0)2.50%
JPMorgan Chase Bank0.08%(3.0)0.64%
Guaranteed Rate Affinity0.08%(3.0)0.99%
USAA0.08%(3.0)0.41%
NewRez0.09%(3.0)1.41%
Radius Financial Group0.09%(3.0)2.09%
Freedom Mortgage Corporation0.09%(3.0)0.15%
Flagstar Bank0.09%(3.0)0.29%
Movement Mortgage0.10%(3.0)1.22%
First World Mortgage Corporation0.10%(3.0)0.33%
KeyBank0.11%(3.0)0.93%
Mortgage Network, Inc0.12%(3.0)5.79%
Fairway Independent Mortgage Corporation0.13%(3.0)3.04%
Northern Mortgage Services, LLC0.14%(3.0)0.41%
TD Bank0.14%(3.0)2.32%
Navy Federal Credit Union0.14%(3.0)0.41%
Embrace Home Loans0.15%(2.5)0.76%
Inland Bank and Trust0.19%(2.5)0.83%
Northpoint Mortgage0.20%(2.5)2.03%
Academy Mortgage Corporation Utah0.23%(2.5)4.24%
Mr. Cooper0.31%(2.0)0.62%
Quicken Loans0.31%(2.0)9.27%
Lender NameRate DifferenceRate RatingMarket Share
Westfield Bank-0.31%(5.0)6.10%
Polish National Credit Union-0.23%(4.5)6.70%
Florence Bank-0.20%(4.5)5.18%
PeoplesBank-0.19%(4.5)10.11%
Berkshire Bank-0.10%(4.0)1.77%
Bank of America-0.10%(4.0)2.12%
People’s United Bank-0.08%(4.0)1.77%
Holyoke Credit Union-0.04%(3.5)3.06%
Wells Fargo Bank-0.02%(3.5)1.04%
Luso Federal Credit Union-0.01%(3.5)0.63%
Member Advantage Mortgage-0.01%(3.5)2.56%
PennyMac Loan Services-0.00%(3.5)0.13%
KeyBank0.01%(3.5)0.32%
JPMorgan Chase Bank0.01%(3.5)0.44%
loanDepot0.01%(3.5)0.41%
Greater Springfield Credit Union0.02%(3.5)1.11%
Workers Credit Union0.02%(3.5)0.63%
Freedom Mortgage Corporation0.02%(3.5)0.06%
Envision Bank0.02%(3.5)3.22%
Guaranteed Rate0.02%(3.5)1.61%
HarborOne Mortgage0.03%(3.5)6.95%
Lakeview Loan Servicing0.03%(3.5)0.03%
Mr. Cooper0.03%(3.5)0.03%
Norwich Commercial Group Inc0.04%(3.5)1.64%
Amerisave Mortgage Corporation0.05%(3.5)0.06%
Residential Mortgage Services0.07%(3.0)3.57%
Finance of America Mortgage0.08%(3.0)0.25%
First World Mortgage Corporation0.08%(3.0)0.32%
USAA0.08%(3.0)0.51%
Guaranteed Rate Affinity0.08%(3.0)1.42%
TD Bank0.10%(3.0)1.86%
NewRez0.10%(3.0)1.39%
Movement Mortgage0.10%(3.0)1.80%
Radius Financial Group0.11%(3.0)2.72%
Flagstar Bank0.12%(3.0)0.25%
Mortgage Network, Inc0.12%(3.0)8.53%
Fairway Independent Mortgage Corporation0.14%(3.0)4.04%
Navy Federal Credit Union0.16%(2.5)0.47%
Embrace Home Loans0.17%(2.5)0.98%
Northern Mortgage Services, LLC0.17%(2.5)0.32%
Inland Bank and Trust0.20%(2.5)1.14%
Northpoint Mortgage0.23%(2.5)2.81%
Academy Mortgage Corporation Utah0.24%(2.5)6.00%
Quicken Loans0.29%(2.0)3.92%
Lender NameRate DifferenceRate RatingMarket Share
Florence Bank-0.28%(5.0)8.70%
Westfield Bank-0.25%(5.0)11.15%
Polish National Credit Union-0.20%(4.5)10.10%
PeoplesBank-0.16%(4.5)6.45%
Greater Springfield Credit Union-0.09%(4.0)1.40%
Luso Federal Credit Union-0.06%(4.0)1.95%
Member Advantage Mortgage-0.05%(4.0)1.45%
HarborOne Mortgage-0.03%(3.5)4.00%
Holyoke Credit Union-0.03%(3.5)4.10%
Guaranteed Rate-0.02%(3.5)0.95%
Radius Financial Group-0.02%(3.5)1.10%
Workers Credit Union-0.02%(3.5)0.90%
Guaranteed Rate Affinity-0.01%(3.5)0.30%
Movement Mortgage-0.00%(3.5)0.30%
Envision Bank0.00%(3.5)2.00%
Residential Mortgage Services0.02%(3.5)0.80%
Northpoint Mortgage0.03%(3.5)0.80%
Mortgage Network, Inc0.03%(3.5)1.45%
People’s United Bank0.04%(3.5)0.70%
Amerisave Mortgage Corporation0.05%(3.5)1.30%
Fairway Independent Mortgage Corporation0.05%(3.0)1.45%
Embrace Home Loans0.06%(3.0)0.40%
loanDepot0.06%(3.0)2.25%
Flagstar Bank0.06%(3.0)0.35%
Finance of America Mortgage0.07%(3.0)0.30%
Lakeview Loan Servicing0.07%(3.0)0.10%
NewRez0.07%(3.0)1.45%
Inland Bank and Trust0.07%(3.0)0.35%
USAA0.08%(3.0)0.25%
Academy Mortgage Corporation Utah0.09%(3.0)1.45%
Navy Federal Credit Union0.09%(3.0)0.30%
Northern Mortgage Services, LLC0.11%(3.0)0.55%
PennyMac Loan Services0.11%(3.0)0.30%
Freedom Mortgage Corporation0.12%(3.0)0.30%
Wells Fargo Bank0.13%(3.0)1.35%
Norwich Commercial Group Inc0.13%(3.0)0.65%
Bank of America0.14%(3.0)1.90%
JPMorgan Chase Bank0.14%(3.0)0.95%
Berkshire Bank0.14%(3.0)0.85%
First World Mortgage Corporation0.14%(3.0)0.35%
KeyBank0.15%(3.0)1.90%
TD Bank0.19%(2.5)3.05%
Quicken Loans0.33%(2.0)17.75%
Mr. Cooper0.33%(2.0)1.55%
Lender NameRate DifferenceRate RatingMarket Share
Freedom Mortgage Corporation-0.25%(5.0)3.62%
NewRez-0.14%(4.0)4.44%
Residential Mortgage Services-0.12%(4.0)3.28%
Finance of America Mortgage-0.09%(4.0)1.44%
Berkshire Bank-0.08%(4.0)0.75%
Guaranteed Rate Affinity-0.04%(3.5)0.89%
Envision Bank-0.04%(3.5)2.80%
Fairway Independent Mortgage Corporation-0.03%(3.5)7.93%
TD Bank-0.03%(3.5)0.62%
Flagstar Bank-0.03%(3.5)1.16%
Guaranteed Rate-0.03%(3.5)1.71%
Mortgage Network, Inc-0.02%(3.5)10.12%
Member Advantage Mortgage-0.02%(3.5)0.27%
PennyMac Loan Services-0.02%(3.5)0.75%
Quicken Loans-0.02%(3.5)11.62%
Wells Fargo Bank-0.02%(3.5)0.07%
Navy Federal Credit Union-0.01%(3.5)0.07%
Amerisave Mortgage Corporation-0.01%(3.5)0.27%
Lakeview Loan Servicing-0.01%(3.5)1.30%
Norwich Commercial Group Inc0.01%(3.5)4.99%
Academy Mortgage Corporation Utah0.01%(3.5)9.02%
Bank of America0.02%(3.5)0.14%
First World Mortgage Corporation0.02%(3.5)1.03%
People’s United Bank0.02%(3.5)0.41%
Northern Mortgage Services, LLC0.03%(3.5)1.16%
Embrace Home Loans0.04%(3.5)1.16%
HarborOne Mortgage0.04%(3.5)6.43%
Northpoint Mortgage0.05%(3.5)4.65%
Mr. Cooper0.05%(3.0)2.87%
Radius Financial Group0.06%(3.0)1.78%
Movement Mortgage0.08%(3.0)3.49%
loanDepot0.11%(3.0)1.64%
Inland Bank and Trust0.21%(2.5)8.13%
Lender NameRate DifferenceRate RatingMarket Share
Freedom Mortgage Corporation-0.31%(5.0)3.65%
NewRez-0.16%(4.5)4.65%
Residential Mortgage Services-0.13%(4.0)3.90%
Finance of America Mortgage-0.10%(4.0)1.74%
Berkshire Bank-0.08%(4.0)0.91%
PennyMac Loan Services-0.05%(4.0)0.25%
Guaranteed Rate Affinity-0.05%(3.5)1.00%
Envision Bank-0.04%(3.5)2.32%
Fairway Independent Mortgage Corporation-0.04%(3.5)9.13%
Flagstar Bank-0.04%(3.5)1.33%
Guaranteed Rate-0.04%(3.5)1.99%
TD Bank-0.03%(3.5)0.41%
Mortgage Network, Inc-0.03%(3.5)11.54%
Member Advantage Mortgage-0.03%(3.5)0.33%
Lakeview Loan Servicing-0.02%(3.5)0.25%
Wells Fargo Bank-0.02%(3.5)0.08%
Navy Federal Credit Union-0.02%(3.5)0.08%
loanDepot-0.01%(3.5)0.66%
Amerisave Mortgage Corporation-0.01%(3.5)0.08%
Norwich Commercial Group Inc0.00%(3.5)5.81%
Academy Mortgage Corporation Utah0.01%(3.5)10.46%
Bank of America0.01%(3.5)0.17%
First World Mortgage Corporation0.02%(3.5)1.16%
People’s United Bank0.03%(3.5)0.41%
Northern Mortgage Services, LLC0.04%(3.5)1.08%
Embrace Home Loans0.04%(3.5)0.91%
Northpoint Mortgage0.05%(3.5)5.56%
HarborOne Mortgage0.05%(3.5)6.47%
Quicken Loans0.05%(3.5)5.98%
Mr. Cooper0.06%(3.0)1.99%
Radius Financial Group0.06%(3.0)2.07%
Movement Mortgage0.08%(3.0)4.07%
Inland Bank and Trust0.21%(2.5)9.54%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.05%(4.0)37.98%
TD Bank-0.02%(3.5)1.55%
Envision Bank-0.01%(3.5)5.04%
HarborOne Mortgage-0.01%(3.5)6.20%
First World Mortgage Corporation-0.00%(3.5)0.39%
Guaranteed Rate-0.00%(3.5)0.39%
People’s United Bank-0.00%(3.5)0.39%
Amerisave Mortgage Corporation0.00%(3.5)1.16%
Guaranteed Rate Affinity0.00%(3.5)0.39%
NewRez0.00%(3.5)3.49%
Academy Mortgage Corporation Utah0.01%(3.5)2.33%
Lakeview Loan Servicing0.01%(3.5)6.20%
PennyMac Loan Services0.01%(3.5)3.10%
Mortgage Network, Inc0.01%(3.5)3.49%
Northpoint Mortgage0.01%(3.5)0.39%
Movement Mortgage0.01%(3.5)0.78%
Fairway Independent Mortgage Corporation0.01%(3.5)2.33%
Residential Mortgage Services0.01%(3.5)0.39%
Radius Financial Group0.01%(3.5)0.39%
Northern Mortgage Services, LLC0.01%(3.5)1.55%
Flagstar Bank0.02%(3.5)0.39%
Freedom Mortgage Corporation0.03%(3.5)3.49%
Inland Bank and Trust0.04%(3.5)1.55%
Embrace Home Loans0.04%(3.5)2.33%
Mr. Cooper0.06%(3.0)6.98%
Norwich Commercial Group Inc0.07%(3.0)1.16%
loanDepot0.18%(2.5)6.20%
Lender NameRate DifferenceRate RatingMarket Share
Bank of America-0.02%(3.5)13.04%
Westfield Bank-0.01%(3.5)8.70%
TD Bank-0.01%(3.5)10.87%
KeyBank-0.00%(3.5)4.35%
Holyoke Credit Union-0.00%(3.5)2.17%
Workers Credit Union-0.00%(3.5)2.17%
Wells Fargo Bank-0.00%(3.5)2.17%
Polish National Credit Union0.00%(3.5)4.35%
JPMorgan Chase Bank0.00%(3.5)4.35%
Berkshire Bank0.00%(3.5)2.17%
Guaranteed Rate Affinity0.00%(3.5)2.17%
PeoplesBank0.00%(3.5)21.74%
Envision Bank0.01%(3.5)4.35%
Guaranteed Rate0.01%(3.5)2.17%
HarborOne Mortgage0.02%(3.5)15.22%
Lender NameRate DifferenceRate RatingMarket Share
Bank of America-0.02%(3.5)19.35%
Westfield Bank-0.01%(3.5)9.68%
KeyBank-0.01%(3.5)3.23%
Holyoke Credit Union-0.00%(3.5)3.23%
JPMorgan Chase Bank-0.00%(3.5)3.23%
Wells Fargo Bank-0.00%(3.5)3.23%
TD Bank0.00%(3.5)6.45%
Polish National Credit Union0.00%(3.5)3.23%
Envision Bank0.00%(3.5)3.23%
PeoplesBank0.01%(3.5)25.81%
Guaranteed Rate0.01%(3.5)3.23%
HarborOne Mortgage0.02%(3.5)16.13%
Lender NameRate DifferenceRate RatingMarket Share
TD Bank-0.02%(3.5)20.00%
Westfield Bank-0.00%(3.5)6.67%
Workers Credit Union-0.00%(3.5)6.67%
KeyBank0.00%(3.5)6.67%
PeoplesBank0.00%(3.5)13.33%
Berkshire Bank0.00%(3.5)6.67%
Polish National Credit Union0.00%(3.5)6.67%
Guaranteed Rate Affinity0.01%(3.5)6.67%
Envision Bank0.01%(3.5)6.67%
HarborOne Mortgage0.01%(3.5)13.33%
JPMorgan Chase Bank0.01%(3.5)6.67%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.11%(4.0)6.34%
PennyMac Loan Services-0.04%(3.5)3.38%
Mortgage Network, Inc-0.04%(3.5)9.94%
USAA-0.04%(3.5)13.11%
Lakeview Loan Servicing-0.03%(3.5)2.33%
Guaranteed Rate-0.03%(3.5)2.11%
Residential Mortgage Services-0.03%(3.5)2.54%
People’s United Bank-0.03%(3.5)0.42%
Radius Financial Group-0.01%(3.5)2.11%
Member Advantage Mortgage-0.01%(3.5)0.85%
Guaranteed Rate Affinity-0.01%(3.5)2.33%
Norwich Commercial Group Inc-0.01%(3.5)1.06%
Envision Bank-0.00%(3.5)3.81%
Flagstar Bank-0.00%(3.5)0.63%
Workers Credit Union-0.00%(3.5)0.21%
Amerisave Mortgage Corporation-0.00%(3.5)0.42%
Finance of America Mortgage0.00%(3.5)0.21%
NewRez0.00%(3.5)1.90%
Bank of America0.00%(3.5)0.21%
Wells Fargo Bank0.01%(3.5)0.42%
TD Bank0.01%(3.5)0.21%
loanDepot0.01%(3.5)4.65%
First World Mortgage Corporation0.01%(3.5)0.21%
Movement Mortgage0.01%(3.5)1.90%
Quicken Loans0.03%(3.5)12.05%
Embrace Home Loans0.03%(3.5)1.69%
HarborOne Mortgage0.04%(3.5)4.65%
Berkshire Bank0.04%(3.5)0.63%
Mr. Cooper0.05%(3.0)1.48%
Academy Mortgage Corporation Utah0.05%(3.0)5.07%
Fairway Independent Mortgage Corporation0.06%(3.0)5.29%
Freedom Mortgage Corporation0.07%(3.0)4.02%
Northpoint Mortgage0.07%(3.0)2.11%
Inland Bank and Trust0.09%(3.0)1.69%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.13%(4.0)9.29%
Residential Mortgage Services-0.05%(3.5)3.21%
Guaranteed Rate-0.03%(3.5)2.14%
USAA-0.03%(3.5)17.50%
Mortgage Network, Inc-0.03%(3.5)11.79%
People’s United Bank-0.02%(3.5)0.71%
Member Advantage Mortgage-0.01%(3.5)1.43%
Radius Financial Group-0.01%(3.5)2.50%
Norwich Commercial Group Inc-0.00%(3.5)1.79%
Quicken Loans-0.00%(3.5)5.00%
Workers Credit Union0.00%(3.5)0.36%
Finance of America Mortgage0.00%(3.5)0.36%
Bank of America0.01%(3.5)0.36%
Wells Fargo Bank0.01%(3.5)0.71%
TD Bank0.01%(3.5)0.36%
NewRez0.01%(3.5)2.14%
Freedom Mortgage Corporation0.01%(3.5)1.79%
Guaranteed Rate Affinity0.01%(3.5)2.14%
First World Mortgage Corporation0.01%(3.5)0.36%
Movement Mortgage0.01%(3.5)3.21%
loanDepot0.02%(3.5)0.36%
Envision Bank0.03%(3.5)2.86%
Embrace Home Loans0.03%(3.5)2.14%
Berkshire Bank0.05%(3.5)1.07%
Mr. Cooper0.07%(3.0)1.79%
Academy Mortgage Corporation Utah0.07%(3.0)5.36%
Fairway Independent Mortgage Corporation0.07%(3.0)8.21%
Northpoint Mortgage0.07%(3.0)3.57%
HarborOne Mortgage0.09%(3.0)4.64%
Inland Bank and Trust0.09%(3.0)2.86%
Lender NameRate DifferenceRate RatingMarket Share
USAA-0.05%(4.0)6.74%
Mortgage Network, Inc-0.05%(3.5)7.25%
PennyMac Loan Services-0.04%(3.5)8.29%
Guaranteed Rate-0.04%(3.5)2.07%
Lakeview Loan Servicing-0.04%(3.5)5.70%
Guaranteed Rate Affinity-0.03%(3.5)2.59%
HarborOne Mortgage-0.03%(3.5)4.66%
Envision Bank-0.03%(3.5)5.18%
Radius Financial Group-0.02%(3.5)1.55%
NewRez-0.01%(3.5)1.55%
Fairway Independent Mortgage Corporation-0.00%(3.5)1.04%
Flagstar Bank-0.00%(3.5)1.55%
Amerisave Mortgage Corporation-0.00%(3.5)1.04%
loanDepot0.00%(3.5)10.88%
Navy Federal Credit Union0.01%(3.5)2.07%
Embrace Home Loans0.02%(3.5)1.04%
Mr. Cooper0.02%(3.5)1.04%
Academy Mortgage Corporation Utah0.03%(3.5)4.66%
Residential Mortgage Services0.03%(3.5)1.55%
Quicken Loans0.04%(3.5)22.28%
Freedom Mortgage Corporation0.09%(3.0)7.25%

* Data is compiled for the Springfield, MA commuting zone area, which comprises of counties of Franklin County, MA, Hampden County, MA, and Hampshire County, MA. This includes cities/towns/communities of Springfield, MA as well as Chicopee, MA, Westfield, MA, Agawam Town, MA, West Springfield Town, MA, Holyoke, MA, Longmeadow, MA, Northampton, MA, Wilbraham, MA, Belchertown, MA, Easthampton Town, MA, Palmer Town, MA, Amherst Center, MA, Russell, MA, Greenfield Town, MA, Monson Center, MA, Ware, MA, Holland, MA, Granby, MA, Orange, MA, Turners Falls, MA, Deerfield, MA, Huntington, MA, Millers Falls, MA, Hatfield, MA, Shelburne Falls, MA, Northfield, MA, and North Amherst, MA. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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