# Florence Bank

> **Canonical URL:** https://saferate.com/lenders/florence-bank


> **📋 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


Florence Bank is a bank, headquartered in Northampton, MA, with 194 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 8% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 52% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300JXIQJRQ1HME757
- **Headquarters:** Northampton, MA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** MA
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 92/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 48/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.586%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $652
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 194
- **Dollar Volume:** $59 million
- **Applications Received:** 284
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $304,175
- **Average Borrower Income:** $136,160
- **Average Property Value:** $457,526

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 64/100 | 193 | -0.585% | $652 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 165 loans, Score: 63/100 (Strong)
- Refinance: 28 loans, Score: 56/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 62/100 | 166 | $51M | -0.591% | Strong 😀 |
| Refinance | 56/100 | 28 | $8M | -0.557% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 194 | 0.32% | 76/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Amherst Town | MA | 92 | 100/100 |
| Springfield, MA | MA | 72 | 79/100 |
| Non |  | 26 | 37/100 |

## Where This Lender Ranks

Florence Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Amherst Town for Conventional Loans
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Amherst Town for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Amherst Town Banks
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders/banks)
- 🥉 **#3** in Springfield, MA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Amherst Town
  - [View Full Rankings](https://saferate.com/amherst-town/best-mortgage-lenders)
- 🏆 **#4** in Springfield, MA for Conventional Loans
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Springfield, MA Banks
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders/banks)
- 🏆 **#8** in Springfield, MA
  - [View Full Rankings](https://saferate.com/springfield-ma/best-mortgage-lenders)
- 🏆 **#9** in Massachusetts for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Massachusetts for Conventional Loans
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Florence Bank offer?

Florence Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Florence Bank offer mortgages?

Florence Bank offers mortgages in 1 states: MA.

### How competitive are Florence Bank's mortgage rates?

Florence Bank has a pricing score of 92/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.586% below market average.

### What type of lender is Florence Bank?

Florence Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Northampton, MA.

### What is Florence Bank's loan approval success rate?

Florence Bank has a pull-through score of 48/100 (Sound). 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/florence-bank

### How to Cite

> "Florence Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/florence-bank

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