# Westfield Bank

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


Westfield Bank is a bank, headquartered in Westfield, MA, serving borrowers across 6 states, with 359 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 16% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 22% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300KV83NH6PNL5E48
- **Headquarters:** Westfield, MA
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** CT, MA, ME, NH, RI, VT
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 84/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 78/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.028%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $969
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 359
- **Dollar Volume:** $116 million
- **Applications Received:** 439
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $324,387
- **Average Borrower Income:** $141,627
- **Average Property Value:** $439,513

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (78%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 70/100 | 355 | -0.028% | $969 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 298 loans, Score: 69/100 (Strong)
- Refinance: 57 loans, Score: 64/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 66/100 | 299 | $100M | -0.069% | Strong 😀 |
| Refinance | 63/100 | 60 | $17M | +0.196% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 300 | 0.50% | 79/100 |
| CT | 50 | 0.15% | 60/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Springfield, MA | MA | 261 | 100/100 |
| Hartford | CT | 45 | 63/100 |
| Amherst Town | MA | 22 | 63/100 |
| Non |  | 10 | 21/100 |

## Where This Lender Ranks

Westfield Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

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

## Frequently Asked Questions

### What loan types does Westfield Bank offer?

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

### Where does Westfield Bank offer mortgages?

Westfield Bank offers mortgages in 6 states: CT, MA, ME, NH, RI, VT.

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

Westfield Bank has a pricing score of 84/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.028% below market average.

### What type of lender is Westfield Bank?

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

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

Westfield Bank has a pull-through score of 78/100 (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/westfield-bank

### How to Cite

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

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