Top Mortgage Lenders in the Pittsfield, MA area

Which mortgage lender in the Pittsfield, 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 Pittsfield, 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 Pittsfield, MA area is Trustco Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.12%. This means that Trustco Bank provided a -0.12% lower interest rate for its customers than other lenders in Pittsfield, MA for a similar set of borrowers. Trustco Bank has a market share of 3.0%. On the other hand, the most popular lender in the market is Adams Community Bank, with a market share of 25.9%. Adams Community Bank is an average rate lender in this area, with a “Rate Difference” of -0.00% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Pittsfield, 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 Pittsfield, MA is Trustco 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 JPMorgan Chase Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Academy Mortgage Corporation. The cheapest VA mortgage provider is JPMorgan Chase Bank. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustco Bank 1, -0.12% 3.04%
Greylock Federal Credit Union 2, -0.07% 20.88%
Guaranteed Rate Inc 3, -0.06% 3.13%
JPMorgan Chase Bank 4, -0.04% 2.85%
MountainOne Bank 5, -0.01% 5.52%
Adams Community Bank 6, -0.00% 25.85%
Academy Mortgage Corporation 7, 0.01% 17.11%
Berkshire Bank 8, 0.08% 5.06%
Quicken Loans 9, 0.10% 16.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustco Bank 1, -0.09% 2.36%
Guaranteed Rate Inc 2, -0.08% 4.42%
JPMorgan Chase Bank 3, -0.04% 3.10%
Greylock Federal Credit Union 4, -0.04% 17.40%
Berkshire Bank 5, 0.00% 2.36%
Academy Mortgage Corporation 6, 0.00% 24.93%
Adams Community Bank 7, 0.00% 30.09%
MountainOne Bank 8, 0.06% 5.31%
Quicken Loans 9, 0.10% 10.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustco Bank 1, -0.14% 4.16%
MountainOne Bank 2, -0.11% 5.87%
Greylock Federal Credit Union 3, -0.10% 26.65%
JPMorgan Chase Bank 4, -0.03% 2.44%
Adams Community Bank 5, -0.02% 18.83%
Academy Mortgage Corporation 6, -0.01% 4.16%
Guaranteed Rate Inc 7, 0.01% 0.98%
Quicken Loans 8, 0.11% 27.38%
Berkshire Bank 9, 0.13% 9.54%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustco Bank 1, -0.12% 3.71%
Greylock Federal Credit Union 2, -0.07% 25.31%
Guaranteed Rate Inc 3, -0.07% 3.60%
JPMorgan Chase Bank 4, -0.04% 2.92%
MountainOne Bank 5, -0.01% 6.75%
Adams Community Bank 6, -0.00% 29.47%
Academy Mortgage Corporation 7, 0.05% 8.32%
Berkshire Bank 8, 0.09% 5.85%
Quicken Loans 9, 0.14% 14.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustco Bank 1, -0.09% 3.07%
Guaranteed Rate Inc 2, -0.09% 5.36%
JPMorgan Chase Bank 3, -0.05% 3.26%
Greylock Federal Credit Union 4, -0.05% 22.41%
Adams Community Bank 5, -0.01% 36.02%
Berkshire Bank 6, -0.00% 2.68%
Academy Mortgage Corporation 7, 0.05% 12.84%
MountainOne Bank 8, 0.06% 6.90%
Quicken Loans 9, 0.17% 7.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustco Bank 1, -0.14% 4.63%
MountainOne Bank 2, -0.11% 6.54%
Greylock Federal Credit Union 3, -0.10% 29.43%
JPMorgan Chase Bank 4, -0.03% 2.45%
Academy Mortgage Corporation 5, -0.03% 1.91%
Adams Community Bank 6, -0.02% 20.16%
Guaranteed Rate Inc 7, 0.01% 1.09%
Berkshire Bank 8, 0.13% 10.35%
Quicken Loans 9, 0.14% 23.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Academy Mortgage Corporation 1, -0.01% 66.92%
Guaranteed Rate Inc 2, 0.01% 1.50%
Berkshire Bank 3, 0.01% 1.50%
Quicken Loans 4, 0.02% 30.08%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Academy Mortgage Corporation 1, -0.01% 74.14%
Guaranteed Rate Inc 2, 0.01% 1.72%
Berkshire Bank 3, 0.01% 1.72%
Quicken Loans 4, 0.04% 22.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 82.35%
Academy Mortgage Corporation 2, 0.01% 17.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, -0.02% 17.39%
Berkshire Bank 2, -0.01% 4.35%
Greylock Federal Credit Union 3, -0.00% 8.70%
Adams Community Bank 4, 0.01% 69.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, -0.03% 17.65%
Greylock Federal Credit Union 2, -0.01% 5.88%
Adams Community Bank 3, 0.01% 76.47%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Adams Community Bank 1, -0.00% 50.00%
Berkshire Bank 2, 0.00% 16.67%
JPMorgan Chase Bank 3, 0.01% 16.67%
Greylock Federal Credit Union 4, 0.01% 16.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, -0.02% 2.38%
Academy Mortgage Corporation 2, -0.01% 54.76%
Adams Community Bank 3, -0.00% 7.14%
Quicken Loans 4, 0.01% 35.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
JPMorgan Chase Bank 1, -0.03% 4.35%
Quicken Loans 2, -0.01% 13.04%
Adams Community Bank 3, -0.00% 13.04%
Academy Mortgage Corporation 4, 0.00% 69.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Academy Mortgage Corporation 1, -0.03% 36.84%
Quicken Loans 2, 0.02% 63.16%

* Data is compiled for the Pittsfield, MA commuting zone area, which comprises of counties of Berkshire County, MA, and Bennington County, VT. This includes cities/towns/communities of Pittsfield, MA as well as North Adams, MA, Adams, MA, Williamstown, MA, Lenox, MA, Lee, MA, Bennington, VT, Great Barrington, MA, Manchester Center, VT, Cheshire, MA, Readsboro, VT, Dorset, VT, South Shaftsbury, VT, Arlington, VT, and North Bennington, VT. 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.

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