Safe Rate Rankings

Best Mortgage Companie 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

Baycoast Mortgage Company is Safe Rate's top-ranked mortgage company in Boston, leading the composite scorecard across pricing, pullthrough, products, and local expertise.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Boston, Baycoast Mortgage Company and Harborone Mortgage scores highest on 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 #2 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 (#3) and Guaranteed Rate (#4).

Explore Rankings by Type

Overall Rankings

All lenders in Boston

By Loan Product

FHA Loans Conventional Loans VA Loans Jumbo Loans

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Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	BAYCOAST MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	$640Fees	0.000%Above	69
2	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Exceptional	$2,754Fees	0.202%Above	787
3	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	$4,111Fees	0.215%Above	950
4	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	$1,591Fees	0.101%Above	1,081
5	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$2,309Fees	0.351%Above	393
6	MSA MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	—	Strong	Exceptional	$1,445Fees	0.398%Below	202
7	HARBORONE MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	$1,945Fees	0.063%Above	188
8	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,488Fees	0.215%Above	455
9	SALEM FIVE MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$1,975Fees	0.024%Above	229
10	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,352Fees	0.194%Above	505
11	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$2,690Fees	0.339%Above	356
12	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,462Fees	0.147%Above	464
13	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$1,965Fees	0.005%Below	124
14	KEYSTONE FUNDING, INC. Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Sound	$1,567Fees	0.197%Above	45
15	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$2,085Fees	0.274%Above	776
16	RADIUS FINANCIAL GROUP INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$3,037Fees	0.495%Above	253
17	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$1,403Fees	0.050%Above	115
18	FIRST COMMUNITY MORTGAGE, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	$609Fees	0.261%Above	71
19	NEW FED MORTGAGE, CORP. Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$3,045Fees	0.309%Above	106
20	AMERANT MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Strong	Strong	$1,306Fees	0.152%Above	53
21	TOTAL MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Strong	$4,614Fees	0.436%Above	185
22	WASHINGTON TRUST MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Sound	Sound	Sound	Strong	$1,704Fees	0.133%Above	118
23	EMM LOANS LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Strong	Strong	$1,582Fees	0.674%Above	100
24	WILLIAM RAVEIS MORTGAGE, LLC Independent Mortgage CompanyDirect	Sound	Sound	Strong	Strong	$1,985Fees	0.225%Above	74
25	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Sound	Sound	Sound	Strong	$1,426Fees	0.119%Below	70
26	FIRST HOME MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Mediocre	Exceptional	Strong	$5,580Fees	0.454%Above	94
27	NFM, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	$4,635Fees	0.535%Above	79
28	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	$3,167Fees	0.428%Above	79
29	NATIONS DIRECT MORTGAGE, LLC Independent Mortgage CompanyWholesale	Sound	Acceptable*	Strong	Sound	$812Fees	0.025%Above	51
30	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$2,523Fees	0.174%Above	224
31	MORTGAGE EQUITY PARTNERS LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$3,493Fees	0.453%Above	107
32	Mortgage Research Center, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$887Credit	0.312%Below	84
33	BAY EQUITY LLC Independent Mortgage CompanyDirect	Sound	Sound	Strong	Sound	$1,553Fees	0.022%Above	60
34	Sierra Pacific Mortgage Company, Inc. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Strong	Sound	$1,983Fees	0.218%Above	38
35	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Sound	Strong	$2,092Fees	0.340%Above	133
36	NATIONSTAR MORTGAGE LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$3,538Fees	0.298%Above	104
37	EMBRACE HOME LOANS, INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	$2,049Fees	0.300%Above	47
38	NORWICH COMMERCIAL GROUP, INC. Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Strong	Sound	$3,462Fees	0.359%Above	35
39	Paramount Residential Mortgage Group, Inc. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Strong	Sound	$1,960Fees	0.387%Above	39
40	AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	$3,854Fees	0.406%Above	34
41	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Sound	Strong	$2,446Fees	0.468%Above	86
42	PRIMARY RESIDENTIAL MORTGAGE, INC. Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	$4,355Fees	0.442%Above	33
43	NATIONS RELIABLE LENDING, LLC Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	$3,941Fees	0.261%Above	33

❓ 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 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Place

Local market expertise (33%)

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.