Safe Rate Rankings

Best Conventional Mortgage Lenders in Boston

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders147

Total Loans15,830

Median Rate Spread0.08%

Boston Market Insights

Leader Bank National Association is Safe Rate's top-ranked Conventional lender in Boston, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Boston, Cambridge Savings Bank and Navy Federal Credit Union scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #3 in Boston, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Boston: Rocket Mortgage (#5) and Leader Bank National Association (#1).

Explore Rankings by Type

Overall Rankings

All lenders in Boston

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Leader Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$944Fees	0.143%Below	1,166
2	The Cape Cod Five Cents Savings Bank BankDirect	Strong	Strong	Strong	Exceptional	Strong	$105Credit	0.037%Above	159
3	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$2,754Fees	0.202%Above	787
4	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$395Credit	0.148%Below	173
5	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$4,111Fees	0.215%Above	950
6	Manufacturers and Traders Trust Company BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$117Fees	0.154%Below	306
7	Cambridge Savings Bank BankDirect	Strong	Exceptional	Sound	Strong	Exceptional	$985Fees	0.369%Below	226
8	Bank of America, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$1,165Fees	0.240%Below	222
9	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$391Fees	0.668%Below	79
10	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,591Fees	0.101%Above	1,081
11	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,841Fees	0.086%Below	273
12	Morgan Stanley Private Bank, National Association BankDirect	Strong	Exceptional	Strong	Sound	Strong	$295Fees	0.513%Below	106
13	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,309Fees	0.351%Above	393
14	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$1,086Fees	0.106%Below	244
15	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,488Fees	0.215%Above	455
16	HARBORONE MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$1,945Fees	0.063%Above	188
17	Easthampton Savings Bank BankDirect	Strong	Strong	Strong	Strong	Strong	$588Fees	0.101%Below	135
18	Fall River Five Cents Savings Bank BankDirect	Strong	Exceptional	Strong	Strong	Strong	$1,335Fees	0.009%Above	119
19	BAYCOAST MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Strong	$640Fees	0.000%Above	69
20	Citibank, National Association BankDirect	Strong	Exceptional	Exceptional	Sound	Sound	$677Fees	0.426%Below	65
21	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,352Fees	0.194%Above	505
22	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,462Fees	0.147%Above	464
23	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,690Fees	0.339%Above	356
24	Rockland Trust Company BankDirect	Strong	Strong	Strong	Sound	Exceptional	$1,163Fees	0.128%Below	323
25	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,085Fees	0.274%Above	776
26	Berkshire Bank BankDirect	Strong	Exceptional	Sound	Sound	Strong	$168Credit	0.209%Below	143
27	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$2,389Fees	0.077%Below	78
28	NBKC BANK BankDirect	Strong	Exceptional	Strong	Sound	Sound	$84Fees	0.221%Below	38
29	Eastern Bank BankDirect	Strong	Strong	Sound	Sound	Exceptional	$1,359Fees	0.238%Below	190
30	UniBank for Savings BankDirect	Strong	Exceptional	Sound	Sound	Strong	$13Fees	0.383%Below	37
31	SALEM FIVE MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$1,975Fees	0.024%Above	229
32	TOTAL MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,614Fees	0.436%Above	185
33	EMM LOANS LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,582Fees	0.674%Above	100
34	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,167Fees	0.428%Above	79
35	FIRST COMMUNITY MORTGAGE, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$609Fees	0.261%Above	71
36	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Sound	Strong	$1,426Fees	0.119%Below	70
37	BAY EQUITY LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Sound	$1,553Fees	0.022%Above	60
38	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Strong	$1,403Fees	0.050%Above	115
39	Merchants Bank of Indiana BankDirect & Wholesale	Strong	Sound*	Strong	Sound	Strong	$2,735Fees	0.023%Below	115
40	Dedham Institution for Savings BankDirect	Strong	Exceptional	Sound	Sound	Strong	$621Fees	0.198%Below	103
41	FIRST HOME MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Exceptional	Strong	$5,580Fees	0.454%Above	94
42	The Bank of Canton BankDirect	Strong	Exceptional	Sound	Sound	Strong	$338Fees	0.024%Above	87
43	First-Citizens Bank & Trust Company BankDirect	Strong	Sound	Strong	Sound	Sound	$219Fees	0.529%Below	48
44	KEYSTONE FUNDING, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Strong	Strong	Sound	$1,567Fees	0.197%Above	45
45	Institution for Savings in Newburyport and Its Vicinity BankDirect	Strong	Exceptional	Sound	Sound	Sound	$1,433Fees	0.468%Below	37
46	RADIUS FINANCIAL GROUP INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$3,037Fees	0.495%Above	253
47	MSA MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	—	Sound	Sound	Exceptional	$1,445Fees	0.398%Below	202
48	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Strong	$2,092Fees	0.340%Above	133
49	TD Bank, National Association BankDirect	Strong	Sound	Strong	Sound	Strong	$584Fees	0.069%Above	128
50	HARVARD UNIVERSITY EMPLOYEES Credit UnionDirect	Strong	Exceptional	Acceptable	Sound	Strong	$189Fees	0.012%Above	59

❓ Frequently Asked Questions

How are mortgage lenders ranked in Boston, MA?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Boston, MA), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Boston, MA?+

Based on 2024 HMDA data, 147 lenders originated a combined 15,830 loans in Boston, MA. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Boston, MA?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Boston, MA is 0.08%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Boston, MA's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

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.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.