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, we provide a data driven ranking of mortgage lenders in the Springfield, MA area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Springfield, MA area is Westfield Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.29%. This means that Westfield Bank provided a -0.29% lower interest rate for its customers than other lenders in Springfield, MA for a similar set of borrowers. Westfield Bank has a market share of 5.5%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 9.4%. However, Quicken Loans also tends to be an expensive lender in the area, with an average “Rate Difference” of +0.21% relative to those of other lenders. We recommend shopping around before going with this popular lender.

Our detailed rankings of the mortgage lenders for 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 $510,400 in 2020), 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. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Springfield, MA

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Westfield Bank 1, -0.29% 5.53%
Florence Bank 2, -0.26% 4.45%
Polish National Credit Union 3, -0.23% 5.48%
PeoplesBank 4, -0.18% 6.04%
Freedom Mortgage Corporation 5, -0.12% 1.05%
Citizens Bank 6, -0.08% 3.41%
LUSO Federal Credit Union 7, -0.06% 0.78%
People’s United Bank 8, -0.05% 1.03%
Holyoke Credit Union 9, -0.04% 2.37%
Berkshire Bank 10, -0.04% 1.16%
Greater Springfield Credit Union 11, -0.04% 0.83%
Member Advantage Mortgage 12, -0.03% 1.55%
Finance of America Mortgage 13, -0.01% 0.47%
Workers Credit Union 14, -0.01% 0.53%
Newrez 15, -0.01% 1.94%
Guaranteed Rate Inc 16, 0.00% 1.40%
Navy Federal Credit Union 17, 0.00% 0.68%
Usaa Federal Savings Bank 18, 0.01% 1.09%
Envision Bank 19, 0.01% 2.67%
Pennymac Loan Services 20, 0.01% 0.49%
Bank of America 21, 0.01% 1.54%
Lakeview Loan Servicing 22, 0.01% 0.43%
Residential Mortgage Services 23, 0.02% 2.49%
Amerisave Mortgage Corporation 24, 0.02% 0.45%
HarborOne Mortgage 25, 0.02% 5.57%
Wells Fargo Bank 26, 0.03% 0.86%
Flagstar Bank 27, 0.03% 0.46%
Norwich Commercial Group Inc 28, 0.04% 1.88%
Ditech Financial 29, 0.05% 0.42%
Guaranteed Rate Affinity 30, 0.05% 1.00%
LoanDepot 31, 0.05% 1.37%
Mortgage Network, Inc 32, 0.07% 6.50%
Fairway Independent Mort Corp 33, 0.07% 3.92%
JPMorgan Chase Bank 34, 0.07% 0.47%
First World Mortgage Corporaton 35, 0.07% 0.43%
United Bank 36, 0.07% 1.90%
Radius financial group inc 37, 0.07% 1.90%
Movement Mortgage 38, 0.09% 1.62%
KeyBank National Association 39, 0.10% 0.66%
Northern Mortgage Services 40, 0.10% 0.50%
Embrace Home Loans, Inc 41, 0.11% 0.84%
TD Bank 42, 0.12% 1.78%
Northpoint Mortgage Inc 43, 0.14% 2.41%
Academy Mortgage Corporation 44, 0.15% 4.94%
Nationstar Mortgage 45, 0.17% 1.07%
Quicken Loans 46, 0.21% 9.41%
Inland Bank and Trust 47, 0.22% 2.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Westfield Bank 1, -0.31% 3.99%
Freedom Mortgage Corporation 2, -0.24% 1.04%
Polish National Credit Union 3, -0.23% 4.33%
Florence Bank 4, -0.21% 3.34%
PeoplesBank 5, -0.19% 6.67%
Citizens Bank 6, -0.13% 3.34%
Berkshire Bank 7, -0.09% 1.42%
People’s United Bank 8, -0.08% 1.28%
Bank of America 9, -0.05% 1.61%
Holyoke Credit Union 10, -0.04% 1.99%
Newrez 11, -0.03% 2.16%
Finance of America Mortgage 12, -0.03% 0.61%
Wells Fargo Bank 13, -0.02% 0.75%
LUSO Federal Credit Union 14, -0.02% 0.41%
Navy Federal Credit Union 15, -0.02% 0.85%
Pennymac Loan Services 16, -0.01% 0.14%
Member Advantage Mortgage 17, -0.01% 1.81%
Usaa Federal Savings Bank 18, 0.00% 1.32%
KeyBank National Association 19, 0.00% 0.22%
Guaranteed Rate Inc 20, 0.01% 1.67%
Greater Springfield Credit Union 21, 0.01% 0.71%
Workers Credit Union 22, 0.01% 0.43%
Lakeview Loan Servicing 23, 0.01% 0.08%
Envision Bank 24, 0.01% 2.83%
LoanDepot 25, 0.01% 0.45%
JPMorgan Chase Bank 26, 0.02% 0.33%
Residential Mortgage Services 27, 0.02% 3.44%
Flagstar Bank 28, 0.03% 0.49%
Norwich Commercial Group Inc 29, 0.03% 2.58%
Amerisave Mortgage Corporation 30, 0.04% 0.06%
HarborOne Mortgage 31, 0.04% 6.43%
United Bank 32, 0.04% 1.28%
Ditech Financial 33, 0.04% 0.08%
Guaranteed Rate Affinity 34, 0.05% 1.28%
First World Mortgage Corporaton 35, 0.05% 0.51%
Fairway Independent Mort Corp 36, 0.07% 5.31%
Mortgage Network, Inc 37, 0.07% 8.99%
Nationstar Mortgage 38, 0.08% 0.61%
TD Bank 39, 0.08% 1.36%
Radius financial group inc 40, 0.09% 2.40%
Movement Mortgage 41, 0.09% 2.34%
Northern Mortgage Services 42, 0.11% 0.47%
Embrace Home Loans, Inc 43, 0.13% 0.98%
Northpoint Mortgage Inc 44, 0.15% 3.38%
Academy Mortgage Corporation 45, 0.15% 6.73%
Quicken Loans 46, 0.20% 4.29%
Inland Bank and Trust 47, 0.22% 3.23%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Florence Bank 1, -0.30% 6.49%
Westfield Bank 2, -0.27% 8.36%
Polish National Credit Union 3, -0.21% 7.58%
PeoplesBank 4, -0.17% 4.89%
Greater Springfield Credit Union 5, -0.10% 1.05%
LUSO Federal Credit Union 6, -0.07% 1.46%
Member Advantage Mortgage 7, -0.07% 1.08%
Holyoke Credit Union 8, -0.04% 3.06%
HarborOne Mortgage 9, -0.03% 3.99%
Guaranteed Rate Inc 10, -0.03% 0.90%
Workers Credit Union 11, -0.03% 0.71%
Radius financial group inc 12, -0.02% 0.97%
Guaranteed Rate Affinity 13, -0.01% 0.49%
Envision Bank 14, -0.00% 2.39%
Movement Mortgage 15, -0.00% 0.30%
Usaa Federal Savings Bank 16, 0.00% 0.67%
Mortgage Network, Inc 17, 0.01% 1.94%
Residential Mortgage Services 18, 0.01% 0.75%
Citizens Bank 19, 0.01% 3.55%
Northpoint Mortgage Inc 20, 0.01% 0.63%
Lakeview Loan Servicing 21, 0.02% 1.08%
People’s United Bank 22, 0.02% 0.56%
Pennymac Loan Services 23, 0.02% 1.12%
Amerisave Mortgage Corporation 24, 0.03% 1.16%
Fairway Independent Mort Corp 25, 0.04% 1.38%
Flagstar Bank 26, 0.04% 0.41%
Newrez 27, 0.05% 1.53%
Finance of America Mortgage 28, 0.05% 0.22%
Embrace Home Loans, Inc 29, 0.05% 0.60%
Ditech Financial 30, 0.06% 1.05%
Navy Federal Credit Union 31, 0.06% 0.37%
Inland Bank and Trust 32, 0.06% 0.41%
Academy Mortgage Corporation 33, 0.07% 1.64%
LoanDepot 34, 0.08% 3.06%
Northern Mortgage Services 35, 0.08% 0.56%
Freedom Mortgage Corporation 36, 0.10% 1.08%
United Bank 37, 0.11% 3.02%
Wells Fargo Bank 38, 0.11% 1.05%
First World Mortgage Corporaton 39, 0.11% 0.30%
Norwich Commercial Group Inc 40, 0.12% 0.60%
JPMorgan Chase Bank 41, 0.12% 0.75%
Berkshire Bank 42, 0.12% 0.67%
Bank of America 43, 0.12% 1.42%
KeyBank National Association 44, 0.13% 1.46%
TD Bank 45, 0.16% 2.54%
Nationstar Mortgage 46, 0.23% 1.90%
Quicken Loans 47, 0.23% 18.81%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Westfield Bank 1, -0.28% 7.52%
Florence Bank 2, -0.25% 6.11%
Polish National Credit Union 3, -0.22% 7.49%
PeoplesBank 4, -0.18% 8.12%
Citizens Bank 5, -0.08% 3.72%
People’s United Bank 6, -0.06% 1.27%
LUSO Federal Credit Union 7, -0.05% 1.07%
Berkshire Bank 8, -0.04% 1.32%
Holyoke Credit Union 9, -0.04% 3.24%
Greater Springfield Credit Union 10, -0.03% 1.14%
Member Advantage Mortgage 11, -0.02% 1.99%
Workers Credit Union 12, -0.00% 0.69%
Guaranteed Rate Inc 13, 0.01% 1.27%
HarborOne Mortgage 14, 0.01% 5.42%
Bank of America 15, 0.02% 1.95%
Envision Bank 16, 0.02% 2.57%
Amerisave Mortgage Corporation 17, 0.03% 0.51%
LoanDepot 18, 0.04% 1.05%
Wells Fargo Bank 19, 0.04% 1.10%
Lakeview Loan Servicing 20, 0.05% 0.05%
Norwich Commercial Group Inc 21, 0.06% 1.18%
Pennymac Loan Services 22, 0.06% 0.18%
Finance of America Mortgage 23, 0.07% 0.25%
Residential Mortgage Services 24, 0.07% 2.33%
Guaranteed Rate Affinity 25, 0.08% 0.92%
JPMorgan Chase Bank 26, 0.08% 0.61%
Usaa Federal Savings Bank 27, 0.08% 0.38%
Newrez 28, 0.09% 1.32%
Freedom Mortgage Corporation 29, 0.09% 0.14%
Radius financial group inc 30, 0.09% 1.95%
Flagstar Bank 31, 0.09% 0.27%
United Bank 32, 0.09% 2.40%
Movement Mortgage 33, 0.10% 1.14%
First World Mortgage Corporaton 34, 0.10% 0.31%
KeyBank National Association 35, 0.11% 0.87%
Ditech Financial 36, 0.11% 0.24%
Mortgage Network, Inc 37, 0.12% 5.41%
Fairway Independent Mort Corp 38, 0.13% 2.84%
Northern Mortgage Services 39, 0.13% 0.38%
TD Bank 40, 0.14% 2.17%
Navy Federal Credit Union 41, 0.14% 0.38%
Embrace Home Loans, Inc 42, 0.15% 0.71%
Inland Bank and Trust 43, 0.19% 0.78%
Northpoint Mortgage Inc 44, 0.20% 1.90%
Academy Mortgage Corporation 45, 0.23% 3.96%
Nationstar Mortgage 46, 0.31% 0.58%
Quicken Loans 47, 0.31% 8.82%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Westfield Bank 1, -0.31% 5.76%
Polish National Credit Union 2, -0.22% 6.33%
Florence Bank 3, -0.20% 4.90%
PeoplesBank 4, -0.19% 9.56%
Citizens Bank 5, -0.14% 3.61%
Berkshire Bank 6, -0.09% 1.67%
People’s United Bank 7, -0.08% 1.67%
Bank of America 8, -0.04% 2.09%
Holyoke Credit Union 9, -0.03% 2.90%
Wells Fargo Bank 10, -0.02% 0.99%
LUSO Federal Credit Union 11, -0.01% 0.60%
Member Advantage Mortgage 12, -0.01% 2.42%
Pennymac Loan Services 13, 0.00% 0.12%
KeyBank National Association 14, 0.01% 0.30%
LoanDepot 15, 0.02% 0.39%
Workers Credit Union 16, 0.02% 0.60%
Greater Springfield Credit Union 17, 0.02% 1.05%
Freedom Mortgage Corporation 18, 0.02% 0.06%
Envision Bank 19, 0.02% 3.05%
JPMorgan Chase Bank 20, 0.02% 0.45%
Guaranteed Rate Inc 21, 0.03% 1.52%
Lakeview Loan Servicing 22, 0.03% 0.03%
HarborOne Mortgage 23, 0.03% 6.57%
Nationstar Mortgage 24, 0.03% 0.03%
Norwich Commercial Group Inc 25, 0.04% 1.55%
Amerisave Mortgage Corporation 26, 0.05% 0.06%
Ditech Financial 27, 0.06% 0.09%
United Bank 28, 0.06% 1.61%
Residential Mortgage Services 29, 0.08% 3.38%
Finance of America Mortgage 30, 0.08% 0.24%
First World Mortgage Corporaton 31, 0.08% 0.30%
Usaa Federal Savings Bank 32, 0.08% 0.48%
Guaranteed Rate Affinity 33, 0.09% 1.34%
TD Bank 34, 0.10% 1.76%
Newrez 35, 0.10% 1.31%
Movement Mortgage 36, 0.10% 1.70%
Radius financial group inc 37, 0.11% 2.57%
Flagstar Bank 38, 0.12% 0.24%
Mortgage Network, Inc 39, 0.12% 8.06%
Fairway Independent Mort Corp 40, 0.14% 3.82%
Navy Federal Credit Union 41, 0.16% 0.45%
Embrace Home Loans, Inc 42, 0.17% 0.93%
Northern Mortgage Services 43, 0.17% 0.30%
Inland Bank and Trust 44, 0.20% 1.08%
Northpoint Mortgage Inc 45, 0.23% 2.66%
Academy Mortgage Corporation 46, 0.25% 5.68%
Quicken Loans 47, 0.30% 3.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Florence Bank 1, -0.29% 7.97%
Westfield Bank 2, -0.26% 10.22%
Polish National Credit Union 3, -0.21% 9.25%
PeoplesBank 4, -0.17% 5.91%
Greater Springfield Credit Union 5, -0.09% 1.28%
LUSO Federal Credit Union 6, -0.06% 1.79%
Member Advantage Mortgage 7, -0.06% 1.33%
HarborOne Mortgage 8, -0.04% 3.66%
Holyoke Credit Union 9, -0.04% 3.76%
Guaranteed Rate Inc 10, -0.03% 0.87%
Radius financial group inc 11, -0.02% 1.01%
Workers Credit Union 12, -0.02% 0.82%
Guaranteed Rate Affinity 13, -0.02% 0.27%
Movement Mortgage 14, -0.01% 0.27%
Envision Bank 15, -0.01% 1.83%
Residential Mortgage Services 16, 0.01% 0.73%
Citizens Bank 17, 0.02% 3.89%
Northpoint Mortgage Inc 18, 0.02% 0.73%
Mortgage Network, Inc 19, 0.02% 1.33%
People’s United Bank 20, 0.03% 0.64%
Amerisave Mortgage Corporation 21, 0.04% 1.19%
Fairway Independent Mort Corp 22, 0.05% 1.33%
Embrace Home Loans, Inc 23, 0.05% 0.37%
LoanDepot 24, 0.05% 2.06%
Flagstar Bank 25, 0.06% 0.32%
Newrez 26, 0.06% 1.33%
Finance of America Mortgage 27, 0.06% 0.27%
Lakeview Loan Servicing 28, 0.06% 0.09%
Inland Bank and Trust 29, 0.07% 0.32%
Usaa Federal Savings Bank 30, 0.07% 0.23%
Academy Mortgage Corporation 31, 0.08% 1.33%
Navy Federal Credit Union 32, 0.08% 0.27%
Northern Mortgage Services 33, 0.10% 0.50%
Pennymac Loan Services 34, 0.11% 0.27%
Wells Fargo Bank 35, 0.11% 1.28%
United Bank 36, 0.12% 3.62%
Freedom Mortgage Corporation 37, 0.12% 0.27%
Norwich Commercial Group Inc 38, 0.13% 0.60%
Bank of America 39, 0.13% 1.74%
JPMorgan Chase Bank 40, 0.13% 0.87%
Berkshire Bank 41, 0.13% 0.78%
First World Mortgage Corporaton 42, 0.13% 0.32%
Ditech Financial 43, 0.14% 0.46%
KeyBank National Association 44, 0.14% 1.74%
TD Bank 45, 0.18% 2.79%
Quicken Loans 46, 0.32% 16.63%
Nationstar Mortgage 47, 0.33% 1.42%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Freedom Mortgage Corporation 1, -0.25% 3.46%
Newrez 2, -0.14% 4.25%
Residential Mortgage Services 3, -0.12% 3.14%
Citizens Bank 4, -0.10% 2.88%
Finance of America Mortgage 5, -0.09% 1.37%
Berkshire Bank 6, -0.07% 0.72%
Guaranteed Rate Affinity 7, -0.04% 0.85%
Envision Bank 8, -0.03% 2.68%
Fairway Independent Mort Corp 9, -0.03% 7.58%
TD Bank 10, -0.03% 0.59%
Flagstar Bank 11, -0.03% 1.11%
Guaranteed Rate Inc 12, -0.03% 1.63%
Ditech Financial 13, -0.02% 1.05%
Mortgage Network, Inc 14, -0.02% 9.67%
Member Advantage Mortgage 15, -0.02% 0.26%
Pennymac Loan Services 16, -0.01% 0.72%
Quicken Loans 17, -0.01% 11.11%
Wells Fargo Bank 18, -0.01% 0.07%
Navy Federal Credit Union 19, -0.01% 0.07%
Amerisave Mortgage Corporation 20, -0.01% 0.26%
Lakeview Loan Servicing 21, -0.01% 1.24%
United Bank 22, 0.00% 0.46%
Norwich Commercial Group Inc 23, 0.01% 4.77%
Academy Mortgage Corporation 24, 0.01% 8.63%
Bank of America 25, 0.02% 0.13%
First World Mortgage Corporaton 26, 0.02% 0.98%
People’s United Bank 27, 0.02% 0.39%
Northern Mortgage Services 28, 0.03% 1.11%
Embrace Home Loans, Inc 29, 0.04% 1.11%
HarborOne Mortgage 30, 0.04% 6.14%
Northpoint Mortgage Inc 31, 0.05% 4.44%
Nationstar Mortgage 32, 0.05% 2.75%
Radius financial group inc 33, 0.06% 1.70%
Movement Mortgage 34, 0.08% 3.33%
LoanDepot 35, 0.11% 1.57%
Inland Bank and Trust 36, 0.21% 7.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Freedom Mortgage Corporation 1, -0.31% 3.52%
Newrez 2, -0.16% 4.48%
Residential Mortgage Services 3, -0.12% 3.76%
Citizens Bank 4, -0.11% 3.12%
Finance of America Mortgage 5, -0.09% 1.68%
Berkshire Bank 6, -0.08% 0.88%
Pennymac Loan Services 7, -0.05% 0.24%
Guaranteed Rate Affinity 8, -0.04% 0.96%
Envision Bank 9, -0.04% 2.24%
Fairway Independent Mort Corp 10, -0.04% 8.81%
Flagstar Bank 11, -0.03% 1.28%
Guaranteed Rate Inc 12, -0.03% 1.92%
TD Bank 13, -0.03% 0.40%
Mortgage Network, Inc 14, -0.02% 11.13%
Member Advantage Mortgage 15, -0.02% 0.32%
Lakeview Loan Servicing 16, -0.02% 0.24%
Wells Fargo Bank 17, -0.02% 0.08%
Navy Federal Credit Union 18, -0.01% 0.08%
LoanDepot 19, -0.01% 0.64%
United Bank 20, -0.00% 0.40%
Amerisave Mortgage Corporation 21, -0.00% 0.08%
Norwich Commercial Group Inc 22, 0.01% 5.60%
Academy Mortgage Corporation 23, 0.01% 10.09%
Bank of America 24, 0.02% 0.16%
First World Mortgage Corporaton 25, 0.02% 1.12%
People’s United Bank 26, 0.03% 0.40%
Northern Mortgage Services 27, 0.04% 1.04%
Embrace Home Loans, Inc 28, 0.04% 0.88%
Northpoint Mortgage Inc 29, 0.05% 5.36%
HarborOne Mortgage 30, 0.05% 6.24%
Quicken Loans 31, 0.05% 5.76%
Nationstar Mortgage 32, 0.06% 1.92%
Radius financial group inc 33, 0.06% 2.00%
Movement Mortgage 34, 0.08% 3.92%
Inland Bank and Trust 35, 0.22% 9.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.05% 34.88%
TD Bank 2, -0.02% 1.42%
Envision Bank 3, -0.01% 4.63%
Ditech Financial 4, -0.01% 5.69%
HarborOne Mortgage 5, -0.00% 5.69%
First World Mortgage Corporaton 6, -0.00% 0.36%
Guaranteed Rate Inc 7, -0.00% 0.36%
People’s United Bank 8, -0.00% 0.36%
Amerisave Mortgage Corporation 9, 0.00% 1.07%
Guaranteed Rate Affinity 10, 0.00% 0.36%
Newrez 11, 0.00% 3.20%
Citizens Bank 12, 0.01% 1.78%
Academy Mortgage Corporation 13, 0.01% 2.14%
Lakeview Loan Servicing 14, 0.01% 5.69%
Pennymac Loan Services 15, 0.01% 2.85%
Mortgage Network, Inc 16, 0.01% 3.20%
Northpoint Mortgage Inc 17, 0.01% 0.36%
Movement Mortgage 18, 0.01% 0.71%
Fairway Independent Mort Corp 19, 0.01% 2.14%
Residential Mortgage Services 20, 0.01% 0.36%
Radius financial group inc 21, 0.01% 0.36%
Northern Mortgage Services 22, 0.01% 1.42%
United Bank 23, 0.02% 0.71%
Flagstar Bank 24, 0.02% 0.36%
Freedom Mortgage Corporation 25, 0.03% 3.20%
Inland Bank and Trust 26, 0.04% 1.42%
Embrace Home Loans, Inc 27, 0.04% 2.14%
Nationstar Mortgage 28, 0.06% 6.41%
Norwich Commercial Group Inc 29, 0.07% 1.07%
LoanDepot 30, 0.18% 5.69%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank of America 1, -0.02% 12.50%
Westfield Bank 2, -0.01% 8.33%
TD Bank 3, -0.01% 10.42%
KeyBank National Association 4, -0.00% 4.17%
Holyoke Credit Union 5, -0.00% 2.08%
Workers Credit Union 6, -0.00% 2.08%
Wells Fargo Bank 7, -0.00% 2.08%
Polish National Credit Union 8, 0.00% 4.17%
JPMorgan Chase Bank 9, 0.00% 4.17%
Berkshire Bank 10, 0.00% 2.08%
Guaranteed Rate Affinity 11, 0.00% 2.08%
PeoplesBank 12, 0.00% 20.83%
Envision Bank 13, 0.01% 4.17%
Citizens Bank 14, 0.01% 4.17%
Guaranteed Rate Inc 15, 0.01% 2.08%
HarborOne Mortgage 16, 0.02% 14.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bank of America 1, -0.02% 18.75%
Westfield Bank 2, -0.01% 9.38%
KeyBank National Association 3, -0.01% 3.12%
Holyoke Credit Union 4, -0.00% 3.12%
JPMorgan Chase Bank 5, -0.00% 3.12%
Wells Fargo Bank 6, -0.00% 3.12%
TD Bank 7, -0.00% 6.25%
Polish National Credit Union 8, 0.00% 3.12%
Envision Bank 9, 0.00% 3.12%
PeoplesBank 10, 0.00% 25.00%
Guaranteed Rate Inc 11, 0.01% 3.12%
Citizens Bank 12, 0.01% 3.12%
HarborOne Mortgage 13, 0.02% 15.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
TD Bank 1, -0.02% 18.75%
Westfield Bank 2, -0.00% 6.25%
Workers Credit Union 3, -0.00% 6.25%
KeyBank National Association 4, 0.00% 6.25%
PeoplesBank 5, 0.00% 12.50%
Citizens Bank 6, 0.00% 6.25%
Berkshire Bank 7, 0.00% 6.25%
Polish National Credit Union 8, 0.00% 6.25%
Guaranteed Rate Affinity 9, 0.00% 6.25%
Envision Bank 10, 0.01% 6.25%
HarborOne Mortgage 11, 0.01% 12.50%
JPMorgan Chase Bank 12, 0.01% 6.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.11% 6.16%
United Bank 2, -0.04% 0.82%
Pennymac Loan Services 3, -0.04% 3.29%
Mortgage Network, Inc 4, -0.04% 9.65%
Usaa Federal Savings Bank 5, -0.04% 12.73%
Lakeview Loan Servicing 6, -0.03% 2.26%
Guaranteed Rate Inc 7, -0.03% 2.05%
Residential Mortgage Services 8, -0.03% 2.46%
People’s United Bank 9, -0.02% 0.41%
Radius financial group inc 10, -0.01% 2.05%
Member Advantage Mortgage 11, -0.01% 0.82%
Citizens Bank 12, -0.01% 1.44%
Guaranteed Rate Affinity 13, -0.01% 2.26%
Norwich Commercial Group Inc 14, -0.00% 1.03%
Ditech Financial 15, -0.00% 0.62%
Envision Bank 16, -0.00% 3.70%
Flagstar Bank 17, -0.00% 0.62%
Workers Credit Union 18, 0.00% 0.21%
Amerisave Mortgage Corporation 19, 0.00% 0.41%
Finance of America Mortgage 20, 0.00% 0.21%
Newrez 21, 0.00% 1.85%
Bank of America 22, 0.01% 0.21%
Wells Fargo Bank 23, 0.01% 0.41%
TD Bank 24, 0.01% 0.21%
LoanDepot 25, 0.01% 4.52%
First World Mortgage Corporaton 26, 0.01% 0.21%
Movement Mortgage 27, 0.01% 1.85%
Quicken Loans 28, 0.03% 11.70%
Embrace Home Loans, Inc 29, 0.03% 1.64%
HarborOne Mortgage 30, 0.04% 4.52%
Berkshire Bank 31, 0.05% 0.62%
Academy Mortgage Corporation 32, 0.06% 4.93%
Nationstar Mortgage 33, 0.06% 1.44%
Fairway Independent Mort Corp 34, 0.07% 5.13%
Freedom Mortgage Corporation 35, 0.07% 3.90%
Northpoint Mortgage Inc 36, 0.07% 2.05%
Inland Bank and Trust 37, 0.09% 1.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.13% 9.03%
Residential Mortgage Services 2, -0.04% 3.12%
United Bank 3, -0.04% 1.39%
Guaranteed Rate Inc 4, -0.03% 2.08%
Usaa Federal Savings Bank 5, -0.03% 17.01%
Mortgage Network, Inc 6, -0.03% 11.46%
Citizens Bank 7, -0.03% 1.04%
People’s United Bank 8, -0.02% 0.69%
Member Advantage Mortgage 9, -0.01% 1.39%
Radius financial group inc 10, -0.01% 2.43%
Norwich Commercial Group Inc 11, -0.00% 1.74%
Quicken Loans 12, -0.00% 4.86%
Workers Credit Union 13, 0.00% 0.35%
Finance of America Mortgage 14, 0.00% 0.35%
Bank of America 15, 0.01% 0.35%
Wells Fargo Bank 16, 0.01% 0.69%
TD Bank 17, 0.01% 0.35%
Newrez 18, 0.01% 2.08%
Freedom Mortgage Corporation 19, 0.01% 1.74%
Guaranteed Rate Affinity 20, 0.01% 2.08%
First World Mortgage Corporaton 21, 0.01% 0.35%
Movement Mortgage 22, 0.02% 3.12%
Ditech Financial 23, 0.02% 0.35%
LoanDepot 24, 0.02% 0.35%
Envision Bank 25, 0.03% 2.78%
Embrace Home Loans, Inc 26, 0.04% 2.08%
Berkshire Bank 27, 0.05% 1.04%
Nationstar Mortgage 28, 0.07% 1.74%
Academy Mortgage Corporation 29, 0.07% 5.21%
Fairway Independent Mort Corp 30, 0.07% 7.99%
Northpoint Mortgage Inc 31, 0.07% 3.47%
HarborOne Mortgage 32, 0.09% 4.51%
Inland Bank and Trust 33, 0.09% 2.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Usaa Federal Savings Bank 1, -0.05% 6.53%
Mortgage Network, Inc 2, -0.05% 7.04%
Pennymac Loan Services 3, -0.04% 8.04%
Guaranteed Rate Inc 4, -0.04% 2.01%
Lakeview Loan Servicing 5, -0.04% 5.53%
Guaranteed Rate Affinity 6, -0.03% 2.51%
HarborOne Mortgage 7, -0.03% 4.52%
Envision Bank 8, -0.03% 5.03%
Radius financial group inc 9, -0.02% 1.51%
Ditech Financial 10, -0.02% 1.01%
Newrez 11, -0.00% 1.51%
Fairway Independent Mort Corp 12, -0.00% 1.01%
Flagstar Bank 13, -0.00% 1.51%
Amerisave Mortgage Corporation 14, -0.00% 1.01%
Citizens Bank 15, 0.00% 2.01%
LoanDepot 16, 0.00% 10.55%
Navy Federal Credit Union 17, 0.01% 2.01%
Embrace Home Loans, Inc 18, 0.02% 1.01%
Nationstar Mortgage 19, 0.02% 1.01%
Academy Mortgage Corporation 20, 0.03% 4.52%
Residential Mortgage Services 21, 0.03% 1.51%
Quicken Loans 22, 0.04% 21.61%
Freedom Mortgage Corporation 23, 0.09% 7.04%

* 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 for the data comes from 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 based on the MSA, 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Springfield, MA area. For mortgage lender rankings of other cities, click here.