Safe Rate Rankings

Best Conventional Mortgage Lenders in Springfield

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 Lenders71

Total Loans3,953

Median Rate Spread0.33%

Springfield Market Insights

Westfield Bank is Safe Rate's top-ranked Conventional lender in Springfield, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Springfield, Navy Federal Credit Union and Florence Bank 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 Springfield, 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 Springfield: Rocket Mortgage (#5) and Westfield Bank (#1).

Explore Rankings by Type

Overall Rankings

All lenders in Springfield

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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	Westfield Bank BankDirect	Exceptional	Exceptional	Strong	Strong	Exceptional	$927Fees	0.033%Below	261
2	HOMESTEAD FUNDING CORP. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Exceptional	Strong	$3,054Fees	0.164%Above	64
3	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$2,731Fees	0.407%Above	266
4	PeoplesBank BankDirect	Strong	Exceptional	Strong	Strong	Exceptional	$636Fees	0.034%Below	106
5	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$4,422Fees	0.431%Above	275
6	POLISH NATIONAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Sound	Strong	Exceptional	$614Fees	0.231%Below	108
7	Florence Bank BankDirect	Strong	Exceptional	Strong	Strong	Strong	$676Fees	0.598%Below	72
8	Leader Bank, National Association BankDirect	Strong	Exceptional	Exceptional	Strong	Sound	$1,148Fees	0.065%Above	16
9	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,845Fees	0.568%Above	346
10	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Sound	$237Fees	0.538%Below	35
11	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$1,037Fees	0.191%Above	97
12	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,724Fees	0.410%Above	147
13	Liberty Bank BankDirect	Strong	Exceptional	Strong	Strong	Sound	$1,806Credit	0.209%Below	23
14	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$4,140Fees	0.423%Above	152
15	Easthampton Savings Bank BankDirect	Strong	Strong	Strong	Strong	Strong	$487Fees	0.013%Above	62
16	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,103Fees	0.418%Above	126
17	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,027Fees	0.213%Above	42
18	Manufacturers and Traders Trust Company BankDirect	Strong	Sound	Exceptional	Strong	Sound	$1,852Fees	0.397%Above	26
19	Bank of America, National Association BankDirect	Strong	Strong	Exceptional	Strong	Sound	$1,829Fees	0.178%Below	24
20	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$3,877Fees	0.476%Above	56
21	HARBORONE MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$2,304Fees	0.257%Above	49
22	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,063Fees	0.377%Above	82
23	Greenfield Savings Bank BankDirect	Strong	Strong	Strong	Strong	Sound	$909Fees	0.350%Below	20
24	MEMBERS MORTGAGE COMPANY, INC. Independent Mortgage CompanyDirect	Strong	Exceptional	Strong	Sound	Sound	$1,000Fees	0.039%Above	24
25	BAYCOAST MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	Sound	$906Fees	0.158%Above	13
26	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,148Fees	0.669%Above	79
27	KeyBank National Association BankDirect	Strong	Strong	Exceptional	Strong	Sound	$1,556Fees	0.225%Above	11
28	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Sound	Strong	$2,986Fees	0.687%Above	140
29	TOTAL MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$4,397Fees	0.662%Above	88
30	Berkshire Bank BankDirect	Strong	Exceptional	Sound	Sound	Sound	$1,050Fees	0.133%Below	25
31	Country Bank for Savings BankDirect	Strong	Strong	Sound	Sound	Strong	$171Fees	0.220%Below	44
32	FIRST COLONY MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Sound	$2,122Fees	0.553%Above	19
33	FIRST WORLD MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	Sound	$3,572Fees	0.484%Above	18
34	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Sound	$3,011Fees	0.339%Above	15
35	NORTHPOINT MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Strong	$3,826Fees	0.392%Above	97
36	Evolve Bank & Trust BankDirect	Strong	Sound	Strong	Strong	Strong	$1,681Fees	0.200%Above	39
37	GREATER SPRINGFIELD Credit UnionDirect	Strong	Exceptional	Acceptable	Sound	Strong	$442Fees	0.109%Below	30
38	Community Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Sound	$922Fees	0.235%Above	11
39	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Sound	$1,119Fees	0.007%Above	27
40	KEYSTONE FUNDING, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Strong	Strong	Sound	$1,850Fees	0.601%Above	15
41	NORWICH COMMERCIAL GROUP, INC. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Strong	Sound	Strong	$2,163Fees	0.563%Above	46
42	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Sound	Sound	$2,169Fees	0.476%Above	29
43	EMM LOANS LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Strong	Sound	$1,008Fees	0.471%Above	15
44	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Strong	Sound	Strong	$2,138Fees	0.647%Above	56
45	RADIUS FINANCIAL GROUP INC. Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	Strong	$2,802Fees	0.570%Above	54
46	Freedom Credit Union Credit UnionDirect	Sound	Strong	Sound	Sound	Strong	$944Fees	0.110%Above	53
47	Paramount Residential Mortgage Group, Inc. Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Strong	Strong	$2,042Fees	0.723%Above	44
48	NATIONSTAR MORTGAGE LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Sound	$2,968Fees	0.300%Above	35
49	TD Bank, National Association BankDirect	Sound	Sound	Strong	Sound	Sound	$671Fees	0.501%Above	20
50	CIBM Bank BankDirect	Sound	Sound	Strong	Strong	Sound	$3,902Fees	0.442%Above	16

❓ Frequently Asked Questions

How are mortgage lenders ranked in Springfield, 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 Springfield, 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 Springfield, MA?+

Based on 2024 HMDA data, 71 lenders originated a combined 3,953 loans in Springfield, 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 Springfield, MA?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Springfield, MA is 0.33%. 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 Springfield, 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.