# Needham Bank

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


Needham Bank is a bank, headquartered in Needham, MA, serving borrowers across 5 states, with 164 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 12% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 54% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493000NZZZU3GFIYL71
- **Headquarters:** Needham, MA
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** CT, FL, MA, ME, NH
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 88/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 46/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.016%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $-240
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 164
- **Dollar Volume:** $127 million
- **Applications Received:** 246
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $773,720
- **Average Borrower Income:** $326,482
- **Average Property Value:** $1,205,915

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 37/100 | 115 | +0.037% | $-231 | Acceptable 🙂 |
| Jumbo | 73/100 | 49 | -0.136% | $-307 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 94 loans, Score: 37/100 (Acceptable)
- Refinance: 21 loans, Score: 37/100 (Acceptable)

**Jumbo:**
- Purchase: 40 loans, Score: 73/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 42/100 | 134 | $101M | +0.014% | Sound ☺️ |
| Refinance | 43/100 | 30 | $26M | +0.027% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 158 | 0.26% | 74/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Boston, MA | MA | 86 | 74/100 |
| Cambridge | MA | 50 | 65/100 |
| Worcester, MA | MA | 10 | 45/100 |

## Where This Lender Ranks

Needham Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#13** in Cambridge Banks
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks)
- 🏆 **#17** in Boston, MA Banks
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks)
- 🏆 **#18** in Cambridge for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#20** in Cambridge
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does Needham Bank offer?

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

### Where does Needham Bank offer mortgages?

Needham Bank offers mortgages in 5 states: CT, FL, MA, ME, NH.

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

Needham Bank has a pricing score of 88/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.016% above market average.

### What type of lender is Needham Bank?

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

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

Needham Bank has a pull-through score of 46/100 (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/needham-bank

### How to Cite

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

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