# DREW MORTGAGE ASSOCIATES, INC.

> **Canonical URL:** https://saferate.com/lenders/drew-mortgage-associates


> **📋 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


DREW MORTGAGE ASSOCIATES, INC. is a independent mortgage company, headquartered in BOSTON, MA, serving borrowers across 6 states, with 184 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 76% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 39% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300GTJL0LGX444G33
- **Headquarters:** BOSTON, MA
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** CT, FL, MA, ME, NH, RI
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 24/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 61/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.447%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,183
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 184
- **Dollar Volume:** $83 million
- **Applications Received:** 222
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $452,663
- **Average Borrower Income:** $167,212
- **Average Property Value:** $607,500

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 45/100 | 153 | +0.401% | $3,117 | Sound ☺️ |
| FHA | 56/100 | 24 | +0.825% | $3,818 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 112 loans, Score: 42/100 (Sound)
- Refinance: 41 loans, Score: 50/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 45/100 | 136 | $65M | +0.497% | Sound ☺️ |
| Refinance | 52/100 | 48 | $19M | +0.309% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 157 | 0.26% | 74/100 |
| NH | 14 | 0.09% | 48/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Worcester, MA | MA | 77 | 81/100 |
| Cambridge | MA | 53 | 65/100 |
| Boston, MA | MA | 16 | 50/100 |
| Non |  | 11 | 24/100 |

## Where This Lender Ranks

DREW MORTGAGE ASSOCIATES, INC. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#18** in Worcester, MA Mortgage Companies
  - [View Full Rankings](https://saferate.com/worcester-ma/best-mortgage-lenders/mortgage-companies)

## Frequently Asked Questions

### What loan types does DREW MORTGAGE ASSOCIATES, INC. offer?

DREW MORTGAGE ASSOCIATES, INC. offers the following mortgage loan types: FHA, Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does DREW MORTGAGE ASSOCIATES, INC. offer mortgages?

DREW MORTGAGE ASSOCIATES, INC. offers mortgages in 6 states: CT, FL, MA, ME, NH, RI.

### How competitive are DREW MORTGAGE ASSOCIATES, INC.'s mortgage rates?

DREW MORTGAGE ASSOCIATES, INC. has a pricing score of 24/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.447% above market average.

### What type of lender is DREW MORTGAGE ASSOCIATES, INC.?

DREW MORTGAGE ASSOCIATES, INC. is a non-depository lender that specializes in mortgage origination, headquartered in BOSTON, MA.

### What is DREW MORTGAGE ASSOCIATES, INC.'s loan approval success rate?

DREW MORTGAGE ASSOCIATES, INC. has a pull-through score of 61/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## 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/drew-mortgage-associates

### How to Cite

> "DREW MORTGAGE ASSOCIATES, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/drew-mortgage-associates

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