# The Bank of Canton

> **Canonical URL:** https://saferate.com/lenders/the-bank-of-canton


> **📋 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


The Bank of Canton is a bank, headquartered in Canton, MA, serving borrowers across 7 states, with 193 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 18% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 44% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300J8Y8IPQFMMIT88
- **Headquarters:** Canton, MA
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** FL, MA, MD, ME, NH, RI, VT
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 82/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.069%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $444
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 193
- **Dollar Volume:** $96 million
- **Applications Received:** 256
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $498,420
- **Average Borrower Income:** $208,062
- **Average Property Value:** $792,617

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **Purchase Gold Superstar** (65%)
- ⭐ **Refinance Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 45/100 | 180 | +0.059% | $512 | Sound ☺️ |
| Jumbo | 61/100 | 13 | +0.208% | $-486 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 154 loans, Score: 45/100 (Sound)
- Refinance: 26 loans, Score: 39/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 45/100 | 163 | $80M | +0.075% | Sound ☺️ |
| Refinance | 40/100 | 30 | $16M | +0.039% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 181 | 0.30% | 75/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Boston, MA | MA | 87 | 73/100 |
| Cambridge | MA | 44 | 63/100 |
| Worcester, MA | MA | 31 | 64/100 |
| Providence | RI-MA | 14 | 48/100 |

## Where This Lender Ranks

The Bank of Canton appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#11** in Worcester, MA Banks
  - [View Full Rankings](https://saferate.com/worcester-ma/best-mortgage-lenders/banks)
- 🏆 **#13** in Worcester, MA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/worcester-ma/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#14** in Cambridge Banks
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks)
- 🏆 **#15** in Worcester, MA
  - [View Full Rankings](https://saferate.com/worcester-ma/best-mortgage-lenders)
- 🏆 **#16** in Boston, MA Banks
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks)
- 🏆 **#18** in Boston, MA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#19** in Cambridge for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#19** in Cambridge for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks/jumbo-loans)

## Frequently Asked Questions

### What loan types does The Bank of Canton offer?

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

### Where does The Bank of Canton offer mortgages?

The Bank of Canton offers mortgages in 7 states: FL, MA, MD, ME, NH, RI, VT.

### How competitive are The Bank of Canton's mortgage rates?

The Bank of Canton has a pricing score of 82/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.069% above market average.

### What type of lender is The Bank of Canton?

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

### What is The Bank of Canton's loan approval success rate?

The Bank of Canton has a pull-through score of 56/100 (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/the-bank-of-canton

### How to Cite

> "The Bank of Canton Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-bank-of-canton

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