Safe Rate Rankings

Best Jumbo 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

Bank of America National Association is Safe Rate's top-ranked Jumbo lender in Massachusetts, leading on pricing, pullthrough, Jumbo product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Massachusetts, Morgan Stanley Private Bank National Association and Citibank National Association scores highest on Jumbo pricing while Bank of America National Association and Manufacturers and Traders Trust leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #8 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 (#12) and Leader Bank National Association (#2).

Explore Rankings by Type

Overall Rankings

All lenders in Massachusetts

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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	Bank of America, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,139Fees	0.226%Below	656
2	Leader Bank, National Association BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$915Fees	0.110%Below	3,331
3	U.S. Bank National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$986Credit	0.143%Below	627
4	Morgan Stanley Private Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$326Fees	0.509%Below	275
5	Berkshire Bank BankDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$105Fees	0.195%Below	494
6	Manufacturers and Traders Trust Company BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$254Fees	0.092%Below	723
7	Citibank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$379Fees	0.369%Below	182
8	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Sound*	Exceptional	Strong	Exceptional	$2,733Fees	0.322%Above	3,178
9	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,712Fees	0.120%Above	3,777
10	Wells Fargo Bank, National Association BankDirect	Strong	Exceptional	Exceptional	Strong	Strong	$2,363Fees	0.038%Below	242
11	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Exceptional	$1,156Fees	0.002%Above	783
12	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$4,126Fees	0.237%Above	3,529
13	SALEM FIVE MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$1,843Fees	0.044%Above	1,047
14	Cambridge Savings Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$885Fees	0.299%Below	524
15	Fall River Five Cents Savings Bank BankDirect	Strong	Exceptional	Strong	Strong	Exceptional	$1,391Fees	0.045%Above	448
16	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$560Fees	0.525%Below	326
17	ROCKLAND Federal Credit Union Credit UnionDirect	Strong	Exceptional	Strong	Strong	Strong	$274Fees	0.202%Below	192
18	UniBank for Savings BankDirect	Strong	Exceptional	Strong	Strong	Strong	$78Fees	0.352%Below	213
19	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,461Fees	0.345%Above	2,791
20	Webster Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$997Fees	0.029%Below	437
21	Eastern Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,358Fees	0.179%Below	408
22	TD Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Strong	$754Fees	0.152%Above	430
23	Institution for Savings in Newburyport and Its Vicinity BankDirect	Strong	Exceptional	Strong	Sound	Strong	$1,032Fees	0.394%Below	300
24	Needham Bank BankDirect	Strong	Exceptional	Strong	Sound	Strong	$244Credit	0.013%Above	158
25	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$2,597Fees	0.237%Above	1,614
26	The Cape Cod Five Cents Savings Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$583Fees	0.220%Above	844
27	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,005Fees	0.057%Below	783
28	Adams Community Bank BankDirect	Strong	Exceptional	—	Strong	Strong	$226Credit	0.004%Above	276
29	Dedham Institution for Savings BankDirect	Strong	Strong	Strong	Strong	Strong	$631Fees	0.202%Below	166
30	HARVARD UNIVERSITY EMPLOYEES Credit UnionDirect	Strong	Exceptional	Strong	Strong	Strong	$304Fees	0.017%Above	147
31	MERRIMACK VALLEY Credit UnionDirect	Strong	Exceptional	Strong	Strong	Strong	$426Fees	0.343%Below	141
32	Rockland Trust Company BankDirect	Strong	Strong	Strong	Sound	Exceptional	$1,236Fees	0.124%Below	709
33	Easthampton Savings Bank BankDirect	Strong	Strong	Strong	Strong	Exceptional	$573Fees	0.017%Below	440
34	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$1,422Fees	0.043%Above	395
35	DIGITAL Credit UnionDirect	Strong	Exceptional	Strong	Acceptable	Strong	$856Fees	0.053%Below	299
36	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Exceptional	$2,884Fees	0.377%Above	1,381
37	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Strong	$2,625Fees	0.352%Above	970
38	BAYCOAST MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$1,130Fees	0.027%Below	516
39	JEANNE D'ARC Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	Strong	$1,208Fees	0.166%Below	198
40	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,766Fees	0.271%Above	1,840
41	GUARANTEED RATE AFFINITY, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Sound	Strong	$2,581Fees	0.195%Above	589
42	METRO Credit Union Credit UnionDirect	Strong	Exceptional	Strong	Sound	Strong	$1,077Fees	0.112%Below	140
43	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,697Fees	0.314%Above	1,810
44	The Bank of Canton BankDirect	Strong	Exceptional	Strong	Sound	Strong	$389Fees	0.052%Above	181
45	PRIMELENDING, A PLAINSCAPITAL COMPANY Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$3,337Fees	0.473%Above	212
46	Bristol County Savings Bank BankDirect & Wholesale	Strong	Strong*	Strong	Strong	Strong	$871Fees	0.029%Above	155
47	TOTAL MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Sound	Exceptional	$4,452Fees	0.551%Above	1,064
48	HARBORONE MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Sound	Exceptional	$2,139Fees	0.111%Above	701
49	AMERANT MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	Strong	$1,706Fees	0.209%Above	317
50	RADIUS FINANCIAL GROUP INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Sound	Exceptional	$3,075Fees	0.499%Above	570

❓ 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 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.