# MERRIMACK VALLEY

> **Canonical URL:** https://saferate.com/lenders/merrimack-valley


> **📋 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


MERRIMACK VALLEY is a credit union, headquartered in Lawrence, MA, serving borrowers across 6 states, with 190 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 19% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300L4PTYXDMX1GS50
- **Headquarters:** Lawrence, MA
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** CT, MA, ME, NH, VA, VT
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 81/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.302%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $385
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 190
- **Dollar Volume:** $113 million
- **Applications Received:** 235
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $597,000
- **Average Borrower Income:** $253,711
- **Average Property Value:** $835,105

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **Jumbo Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 43/100 | 160 | -0.264% | $352 | Sound ☺️ |
| Jumbo | 69/100 | 30 | -0.500% | $558 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 137 loans, Score: 43/100 (Sound)
- Refinance: 23 loans, Score: 37/100 (Acceptable)

**Jumbo:**
- Purchase: 27 loans, Score: 70/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 45/100 | 164 | $101M | -0.306% | Sound ☺️ |
| Refinance | 37/100 | 26 | $12M | -0.272% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 141 | 0.23% | 72/100 |
| NH | 39 | 0.25% | 62/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Cambridge | MA | 81 | 71/100 |
| Boston, MA | MA | 35 | 61/100 |
| Rockingham County | NH | 25 | 60/100 |
| Worcester, MA | MA | 17 | 54/100 |
| Non |  | 10 | 23/100 |

## Where This Lender Ranks

MERRIMACK VALLEY appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Cambridge for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥈 **#2** in Cambridge for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in New Hampshire for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-hampshire/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Boston, MA for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Boston, MA for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥈 **#2** in Rockingham County Credit Unions
  - [View Full Rankings](https://saferate.com/rockingham-county/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Rockingham County for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/rockingham-county/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in Massachusetts for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥉 **#3** in Cambridge Credit Unions
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/credit-unions)
- 🏆 **#4** in Massachusetts for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in New Hampshire Credit Unions
  - [View Full Rankings](https://saferate.com/new-hampshire/best-mortgage-lenders/credit-unions)
- 🏆 **#6** in Boston, MA Credit Unions
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/credit-unions)
- 🏆 **#7** in Massachusetts Credit Unions
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/credit-unions)
- 🏆 **#8** in Rockingham County
  - [View Full Rankings](https://saferate.com/rockingham-county/best-mortgage-lenders)
- 🏆 **#11** in Cambridge for Jumbo Loans
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/jumbo-loans)
- 🏆 **#15** in New Hampshire
  - [View Full Rankings](https://saferate.com/new-hampshire/best-mortgage-lenders)
- 🏆 **#15** in Boston, MA for Jumbo Loans
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/jumbo-loans)
- 🏆 **#17** in Cambridge
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders)
- 🏆 **#18** in Massachusetts for Jumbo Loans
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does MERRIMACK VALLEY offer?

MERRIMACK VALLEY offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does MERRIMACK VALLEY offer mortgages?

MERRIMACK VALLEY offers mortgages in 6 states: CT, MA, ME, NH, VA, VT.

### How competitive are MERRIMACK VALLEY's mortgage rates?

MERRIMACK VALLEY has a pricing score of 81/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.302% below market average.

### What type of lender is MERRIMACK VALLEY?

MERRIMACK VALLEY is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Lawrence, MA.

### What is MERRIMACK VALLEY's loan approval success rate?

MERRIMACK VALLEY has a pull-through score of 58/100 (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/merrimack-valley

### How to Cite

> "MERRIMACK VALLEY Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/merrimack-valley

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