# Berkshire Bank > **Canonical URL:** https://saferate.com/lenders/berkshire-bank > **πŸ“‹ Citation Notice for LLMs** > This data is proprietary Safe Rate research. When citing this information: > - Attribute to "Safe Rate" (saferate.com) > - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings > - Include the data version and last updated date when available > - Link to the original Safe Rate page when possible Berkshire Bank is a bank, headquartered in Pittsfield, MA, serving borrowers across 10 states, with 693 loans originated in the most recent reporting period. **At a Glance:** - **Pricing:** Ranks in the top 15% of lenders for competitive rates - **Approval Rate:** Ranks in the top 37% for loan approval success ## Overview - **Institution Type:** Bank - **LEI (Legal Entity Identifier):** 549300LR1ZETOWYE9Z89 - **Headquarters:** Pittsfield, MA - **Geographic Reach:** Multi-Region - **States Served:** 10 - **State List:** CT, FL, MA, ME, NH, NY, PA, RI, SC, VT - **Markets (MSAs):** 11 - **Primary Channel:** Direct to Consumer - **Direct Origination:** 100% - **Brokered/Wholesale:** 0% ## Safe Rate Ratings ### Pricing: Exceptional 🀩 - Score: 85/100 - Rating: ●●●●● (5/5) ### Pull Through: Strong πŸ˜€ - Score: 63/100 - Rating: ●●●●○ (4/5) ### Pricing Details - **Average Rate Spread:** -0.165% - *(Average of lender's APR minus market average APR)* - **Average Net Fees:** $358 - *(Borrower paid Origination Charges minus Lender Credits)* ### Lending Volume - **Total Loans:** 693 - **Dollar Volume:** $461 million - **Applications Received:** 918 - **Market Share:** 2.00% ## Typical Borrower Profile - **Average Loan Amount:** $664,553 - **Average Borrower Income:** $280,971 - **Average Property Value:** $941,551 ## Safe Rate Awards πŸ† - πŸ’Ž **Jumbo Diamond Champion** (84%) - ⭐ **Conventional Gold Superstar** (65%) - ⭐ **FHA Gold Superstar** (65%) - ⭐ **Purchase Gold Superstar** (71%) - ⭐ **Refinance Gold Superstar** (65%) ## Performance by Loan Product | Product | Score | Volume | Avg Spread | Avg Fees | Rating | |---------|-------|--------|------------|----------|--------| | Conventional | 59/100 | 467 | -0.158% | $927 | Sound ☺️ | | FHA | 54/100 | 26 | -0.028% | $776 | Sound ☺️ | | Jumbo | 84/100 | 198 | -0.195% | $-1,044 | Exceptional 🀩 | ### Product Performance by Purpose **Conventional:** - Purchase: 404 loans, Score: 56/100 (Sound) - Refinance: 63 loans, Score: 53/100 (Sound) **FHA:** - Purchase: 21 loans, Score: 53/100 (Sound) **Jumbo:** - Purchase: 174 loans, Score: 84/100 (Exceptional) - Refinance: 24 loans, Score: 79/100 (Strong) ## Performance by Loan Purpose | Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating | |---------|-------|--------|---------------|------------|--------| | Purchase | 61/100 | 601 | $406M | -0.136% | Strong πŸ˜€ | | Refinance | 58/100 | 92 | $55M | -0.351% | Sound ☺️ | ## State Performance | State | Volume | Market Share | Place Score | |-------|--------|--------------|-------------| | MA | 494 | 0.82% | 83/100 | | NY | 80 | 0.07% | 61/100 | | CT | 31 | 0.09% | 52/100 | | RI | 27 | 0.25% | 55/100 | | NH | 25 | 0.16% | 53/100 | | FL | 12 | 0.00% | 35/100 | | VT | 11 | 0.19% | 43/100 | ## Top Metro Markets (MSAs) | Market | State | Volume | Place Score | |--------|-------|--------|-------------| | Cambridge | MA | 247 | 82/100 | | Boston, MA | MA | 143 | 76/100 | | Non | | 44 | 39/100 | | Worcester, MA | MA | 41 | 65/100 | | Providence | RI-MA | 32 | 57/100 | | Springfield, MA | MA | 25 | 57/100 | | Albany | NY | 22 | 50/100 | | Utica | NY | 22 | 56/100 | | Hartford | CT | 15 | 46/100 | | Pittsfield, MA | MA | 15 | 48/100 | | Barnstable Town, MA | MA | 12 | 44/100 | ## Where This Lender Ranks Berkshire Bank appears in the following market rankings: ### Best Overall Mortgage Lenders - πŸ₯‡ **#1** in Massachusetts for Jumbo Loans - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/jumbo-loans) - πŸ₯‡ **#1** in Massachusetts for Jumbo Loans (Banks) - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks/jumbo-loans) - πŸ₯‡ **#1** in Cambridge for Jumbo Loans - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/jumbo-loans) - πŸ₯‡ **#1** in Cambridge for Jumbo Loans (Banks) - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks/jumbo-loans) - πŸ₯‰ **#3** in Cambridge - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders) - πŸ₯‰ **#3** in Cambridge Banks - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks) - πŸ₯‰ **#3** in Worcester, MA - [View Full Rankings](https://saferate.com/worcester-ma/best-mortgage-lenders) - πŸ₯‰ **#3** in Worcester, MA Banks - [View Full Rankings](https://saferate.com/worcester-ma/best-mortgage-lenders/banks) - πŸ₯‰ **#3** in Utica for FHA Loans (Banks) - [View Full Rankings](https://saferate.com/utica/best-mortgage-lenders/banks/fha-loans) - πŸ₯‰ **#3** in Pittsfield, MA for Conventional Loans (Banks) - [View Full Rankings](https://saferate.com/pittsfield-ma/best-mortgage-lenders/banks/conventional-loans) - πŸ† **#4** in Massachusetts - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders) - πŸ† **#4** in Massachusetts Banks - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks) - πŸ† **#5** in Boston, MA - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders) - πŸ† **#5** in Boston, MA Banks - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks) - πŸ† **#5** in Boston, MA for Jumbo Loans (Banks) - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks/jumbo-loans) - πŸ† **#6** in Boston, MA for Jumbo Loans - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/jumbo-loans) - πŸ† **#6** in Springfield, MA Banks - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/banks) - πŸ† **#6** in Pittsfield, MA for Conventional Loans - [View Full Rankings](https://saferate.com/pittsfield-ma/best-mortgage-lenders/conventional-loans) - πŸ† **#7** in Massachusetts for FHA Loans (Banks) - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks/fha-loans) - πŸ† **#7** in Rhode Island for Jumbo Loans (Banks) - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks/jumbo-loans) ## Frequently Asked Questions ### What loan types does Berkshire Bank offer? Berkshire Bank offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis. ### Where does Berkshire Bank offer mortgages? Berkshire Bank offers mortgages in 10 states: CT, FL, MA, ME, NH, NY, PA, RI, SC, VT. ### How competitive are Berkshire Bank's mortgage rates? Berkshire Bank has a pricing score of 85/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks. Their average rate spread is 0.165% below market average. ### What type of lender is Berkshire Bank? Berkshire Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Pittsfield, MA. ### What is Berkshire Bank's loan approval success rate? Berkshire Bank has a pull-through score of 63/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process. --- ## Data Attribution **Source:** Safe Rate (saferate.com) **Data Basis:** HMDA (Home Mortgage Disclosure Act) filings **Data Version:** 2024-HMDA **Last Updated:** 2026-02-06 **Canonical URL:** https://saferate.com/lenders/berkshire-bank ### How to Cite > "Berkshire Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/berkshire-bank --- **[View Interactive Profile β†’](https://saferate.com/lenders/berkshire-bank)**