Safe Rate Rankings

Best Mortgage Lenders in Massachusetts

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 Lenders254

Total Loans59,808

Median Rate Spread0.15%

Massachusetts Market Insights

Leader Bank National Association is Safe Rate's top-ranked lender in Massachusetts, leading the composite scorecard across pricing, pullthrough, products, and local expertise.
Top-ranked by institution type in Massachusetts: Bank: Leader Bank National Association (#1). Credit union: Polish National Credit Union (#9). Mortgage company: Baycoast Mortgage Company (#7).
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Massachusetts, Peoplesbank and Cambridge Savings Bank scores highest on pricing while The Cape Cod Five Cents Savings Bank and Leader Bank National Association leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #15 in Massachusetts, 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 Massachusetts: Rocket Mortgage (#24) and Leader Bank National Association (#1).

Explore Rankings by Type

By Loan Product

Lenders often score differently for different loan products. Get tailored rankings by selecting your product type.

FHA Loans Conventional Loans VA Loans Jumbo Loans

By Institution Type

Some consumers only want to work with a credit union, bank, or focused mortgage company. See our rankings here!

Banks Credit Unions Mortgage Companies

Shopping for a mortgage? Click the heart icon to save lenders to My Home and make comparison painless.

Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Leader Bank, National Association BankDirect	Exceptional	Exceptional	Strong	Exceptional	$915Fees	0.110%Below	3,331
2	The Cape Cod Five Cents Savings Bank BankDirect	Exceptional	Strong	Exceptional	Exceptional	$583Fees	0.220%Above	844
3	Cambridge Savings Bank BankDirect	Exceptional	Exceptional	Strong	Exceptional	$885Fees	0.299%Below	524
4	Westfield Bank BankDirect	Exceptional	Exceptional	Strong	Strong	$947Fees	0.031%Below	300
5	Fall River Five Cents Savings Bank BankDirect	Exceptional	Exceptional	Strong	Exceptional	$1,391Fees	0.045%Above	448
6	Adams Community Bank BankDirect	Exceptional	Exceptional	Strong	Strong	$226Credit	0.004%Above	276
7	BAYCOAST MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Strong	Strong	Exceptional	$1,130Fees	0.027%Below	516
8	PeoplesBank BankDirect	Strong	Exceptional	Strong	Strong	$679Fees	0.050%Below	167
9	POLISH NATIONAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Strong	Strong	$602Fees	0.248%Below	150
10	Berkshire Bank BankDirect	Strong	Exceptional	Strong	Exceptional	$105Fees	0.195%Below	494
11	Morgan Stanley Private Bank, National Association BankDirect	Strong	Exceptional	Strong	Strong	$326Fees	0.509%Below	275
12	UniBank for Savings BankDirect	Strong	Exceptional	Strong	Strong	$78Fees	0.352%Below	213
13	Bank of America, National Association BankDirect	Strong	Strong	Strong	Strong	$1,139Fees	0.226%Below	656
14	Institution for Savings in Newburyport and Its Vicinity BankDirect	Strong	Exceptional	Sound	Strong	$1,032Fees	0.394%Below	300
15	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Exceptional	$2,733Fees	0.322%Above	3,178
16	Manufacturers and Traders Trust Company BankDirect	Strong	Strong	Strong	Exceptional	$254Fees	0.092%Below	723
17	U.S. Bank National Association BankDirect	Strong	Strong	Strong	Strong	$986Credit	0.143%Below	627
18	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Sound	Strong	$560Fees	0.525%Below	326
19	HARVARD UNIVERSITY EMPLOYEES Credit UnionDirect	Strong	Exceptional	Sound	Strong	$304Fees	0.017%Above	147
20	Rockland Trust Company BankDirect	Strong	Strong	Sound	Exceptional	$1,236Fees	0.124%Below	709
21	HOMESTEAD FUNDING CORP. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	$2,379Fees	0.244%Above	131
22	Easthampton Savings Bank BankDirect	Strong	Strong	Strong	Exceptional	$573Fees	0.017%Below	440
23	Florence Bank BankDirect	Strong	Exceptional	Sound	Strong	$652Fees	0.586%Below	194
24	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	$4,126Fees	0.237%Above	3,529
25	Citizens Bank, National Association BankDirect	Strong	Strong	Strong	Exceptional	$1,156Fees	0.002%Above	783
26	Eastern Bank BankDirect	Strong	Strong	Sound	Exceptional	$1,358Fees	0.179%Below	408
27	GREYLOCK FEDERAL CREDIT UNION Credit UnionDirect	Strong	Strong	Strong	Exceptional	$876Credit	0.107%Above	315
28	The Bank of Canton BankDirect	Strong	Exceptional	Sound	Strong	$389Fees	0.052%Above	181
29	Dedham Institution for Savings BankDirect	Strong	Strong	Strong	Strong	$631Fees	0.202%Below	166
30	NBKC BANK BankDirect	Strong	Exceptional	Sound	Strong	$305Fees	0.210%Below	154
31	HARBORONE MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	$2,139Fees	0.111%Above	701
32	JEANNE D'ARC Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	$1,208Fees	0.166%Below	198
33	ROCKLAND Federal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Strong	$274Fees	0.202%Below	192
34	Citibank, National Association BankDirect	Strong	Exceptional	Sound	Strong	$379Fees	0.369%Below	182
35	MERRIMACK VALLEY Credit UnionDirect	Strong	Exceptional	Sound	Strong	$426Fees	0.343%Below	141
36	MSA MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	—	Strong	Exceptional	$1,445Fees	0.398%Below	522
37	Greenfield Savings Bank BankDirect	Strong	Strong	Sound	Strong	$983Fees	0.419%Below	191
38	Needham Bank BankDirect	Strong	Exceptional	Sound	Strong	$244Credit	0.013%Above	158
39	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	$1,712Fees	0.120%Above	3,777
40	SALEM FIVE MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$1,843Fees	0.044%Above	1,047
41	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$2,625Fees	0.352%Above	970
42	Bristol County Savings Bank BankDirect & Wholesale	Strong	Strong*	Strong	Strong	$871Fees	0.029%Above	155
43	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,597Fees	0.237%Above	1,614
44	METRO Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Strong	$1,077Fees	0.112%Below	140
45	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,884Fees	0.377%Above	1,381
46	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Strong	Strong	$2,005Fees	0.057%Below	783
47	KEYSTONE FUNDING, INC. Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Strong	$1,446Fees	0.279%Above	177
48	Country Bank for Savings BankDirect	Strong	Strong	Sound	Strong	$571Fees	0.152%Below	143
49	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,766Fees	0.271%Above	1,840
50	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,697Fees	0.314%Above	1,810

❓ Frequently Asked Questions

How are mortgage lenders ranked in Massachusetts?+

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 Massachusetts), 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 Massachusetts?+

Based on 2024 HMDA data, 254 lenders originated a combined 59,808 loans in Massachusetts. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Massachusetts?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Massachusetts is 0.15%. 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 Massachusetts'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.