# Berkshire Bank

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

Berkshire Bank is a bank, headquartered in Pittsfield, MA, serving borrowers across 10 states, with 693 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 15% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 37% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300LR1ZETOWYE9Z89
- **Headquarters:** Pittsfield, MA
- **Geographic Reach:** Multi-Region
- **States Served:** 10
- **State List:** CT, FL, MA, ME, NH, NY, PA, RI, SC, VT
- **Markets (MSAs):** 11
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 85/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.165%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $358
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 693
- **Dollar Volume:** $461 million
- **Applications Received:** 918
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $664,553
- **Average Borrower Income:** $280,971

## Safe Rate Awards 🏆

- 💎 **Jumbo Diamond Champion** (84%)
- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **FHA Gold Superstar** (65%)
- ⭐ **Purchase Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 467 | -0.158% | $927 | Sound ☺️ |
| FHA | 54/100 | 26 | -0.028% | $776 | Sound ☺️ |
| Jumbo | 84/100 | 198 | -0.195% | $-1,044 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 404 loans, Score: 56/100 (Sound)
- Refinance: 63 loans, Score: 53/100 (Sound)

**FHA:**
- Purchase: 21 loans, Score: 53/100 (Sound)

**Jumbo:**
- Purchase: 174 loans, Score: 84/100 (Exceptional)
- Refinance: 24 loans, Score: 79/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 61/100 | 601 | $406M | -0.136% | Strong 😀 |
| Refinance | 58/100 | 92 | $55M | -0.351% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 494 | 0.82% | 83/100 |
| NY | 80 | 0.07% | 61/100 |
| CT | 31 | 0.09% | 52/100 |
| RI | 27 | 0.25% | 55/100 |
| NH | 25 | 0.16% | 53/100 |
| FL | 12 | 0.00% | 35/100 |
| VT | 11 | 0.19% | 43/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Cambridge | MA | 247 | 82/100 |
| Boston, MA | MA | 143 | 76/100 |
| Non |  | 44 | 39/100 |
| Worcester, MA | MA | 41 | 65/100 |
| Providence | RI-MA | 32 | 57/100 |
| Springfield, MA | MA | 25 | 57/100 |
| Albany | NY | 22 | 50/100 |
| Utica | NY | 22 | 56/100 |
| Hartford | CT | 15 | 46/100 |
| Pittsfield, MA | MA | 15 | 48/100 |
| Barnstable Town, MA | MA | 12 | 44/100 |

## Frequently Asked Questions

### What loan types does Berkshire Bank offer?

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

### Where does Berkshire Bank offer mortgages?

Berkshire Bank offers mortgages in 10 states: CT, FL, MA, ME, NH, NY, PA, RI, SC, VT.

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

Berkshire Bank has a pricing score of 85/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.165% below market average.

### What type of lender is Berkshire Bank?

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

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

Berkshire Bank has a pull-through score of 63/100 (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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/berkshire-bank

### How to Cite

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

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