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Middlesex Savings Bank

Bank|Natick, MA|Single State
Loans Originated
87
Applications
110
Volume
$48 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Sound

Pricing and Pullthrough Overview

Average Rate Spread
-0.016%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$645
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
79.1%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Offers rates 1.60 basis points below market average
  • Lower than average lender fees

Report Card

Middlesex Savings Bank performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
StrongHighly Competitive
Pull Through
Closing Strength
SoundIndustry Standard
Products
Loan Type Specialists
Specialization score by loan product
Conventional
AcceptableNear industry average
Jumbo
StrongHighly Competitive
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
AcceptableNear industry average
Refinance
AcceptableNear industry average
Places
Geographic coverage
StrongSingle State · 3 metro areas · 1 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$556,954
Average Borrower Income
$218,586
Average Property Value
$859,253

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Acceptable
Strong
Sound
7485.1%-0.015%$637
Jumbo Loans
Strong
Strong
N/A
N/A
1314.9%-0.028%$716

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Acceptable
Strong
Sound
7788.5%-0.020%$655
Refinance
Acceptable
Acceptable
N/A
N/A
1011.5%+0.013%$551

Geographic Coverage

Metro Areas
3
States Served
1
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

MA

Top Metro Areas by Place Specialization Score

1
Cambridge, MAMSA
Volume: 36Mix: 41.38%
Place Specialization
Strong
2
Worcester, MA, MAMSA
Volume: 22Mix: 25.29%
Place Specialization
Strong
3
Boston, MA, MAMSA
Volume: 25Mix: 28.74%
Place Specialization
Sound

Top States by Place Specialization Score

1
MAState
Volume: 87Mix: 100.00%
Place Specialization
Strong

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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