Mortgage Lenders and Brokers in Melrose, Massachusetts
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Melrose, Massachusetts mortgage lenders include Eastern BankEastern Bank441 Main St, Melrose, MA 02176A+5.0 ★Texas Ratio: 2.61%, Cambridge Savings BankCambridge Savings Bank638 Main St, Melrose, MA 02176A5.0 ★Texas Ratio: 9.52%, Rockland Trust BankRockland Trust Bank27 Melrose St, Melrose, MA 02176A+5.0 ★Texas Ratio: 2.64%, Bank of America NABank of America NA690 Main St, Melrose, MA 02176A+5.0 ★Texas Ratio: 4.14%, TD BankTD Bank476 Main St, Melrose, MA 02176A+5.0 ★Texas Ratio: 3.71%, Northern Bank & Trust CompanyNorthern Bank & Trust Company514 Franklin St, Melrose, MA 02176A5.0 ★Texas Ratio: 13.93%, Reading Cooperative BankReading Cooperative Bank526 Main St, Melrose, MA 02176A4.5 ★Texas Ratio: 0.72%, Leader Bank NALeader Bank NA1201 Massachusetts Ave, Arlington, MA 02476A+5.0 ★Texas Ratio: 0.22%, M&T BankM&T Bank806 Suffield St, Agawam, MA 01001A+5.0 ★Texas Ratio: 4.11%, and Citizens Bank, NACitizens Bank, NA375 Centre Ave, Abington, MA 02351A+5.0 ★Texas Ratio: 5.44%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Melrose, Massachusetts in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Melrose are listed first, then lenders elsewhere in Massachusetts, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Melrose, Massachusetts
Market share is the lender's share of all home loans closed in Melrose, Massachusetts. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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1 office in Melrose 441 Main St, Melrose, MA 02176 A+5.0 ★Texas Ratio: 2.61% |
Conventional, Jumbo, HELOC | 7 +52 HELOCs |
1.9% | 87.5% | $546,428 | View |
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1 office in Melrose 638 Main St, Melrose, MA 02176 A5.0 ★Texas Ratio: 9.52% |
Conventional, HELOC | 7 +16 HELOCs |
1.9% | 100% | $545,000 | View |
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1 office in Melrose 27 Melrose St, Melrose, MA 02176 A+5.0 ★Texas Ratio: 2.64% |
Conventional, HELOC | 7 +10 HELOCs |
1.9% | 87.5% | $365,000 | View |
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1 office in Melrose 690 Main St, Melrose, MA 02176 A+5.0 ★Texas Ratio: 4.14% |
Conventional, Jumbo, HELOC | 6 +20 HELOCs |
1.6% | 100% | $755,000 | View |
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1 office in Melrose 476 Main St, Melrose, MA 02176 A+5.0 ★Texas Ratio: 3.71% |
Conventional, Jumbo, HELOC | 6 +5 HELOCs |
1.6% | 100% | $738,333 | View |
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1 office in Melrose 514 Franklin St, Melrose, MA 02176 A5.0 ★Texas Ratio: 13.93% |
Conventional, Jumbo, HELOC | 2 +1 HELOCs |
0.5% | 100% | $645,000 | View |
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1 office in Melrose 526 Main St, Melrose, MA 02176 A4.5 ★Texas Ratio: 0.72% |
Conventional | 1 | 0.3% | 66.7% | $805,000 | View |
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1201 Massachusetts Ave, Arlington, MA 02476 A+5.0 ★Texas Ratio: 0.22% |
Conventional, Jumbo, HELOC | 48 +8 HELOCs |
13% | 98% | $669,375 | View |
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806 Suffield St, Agawam, MA 01001 A+5.0 ★Texas Ratio: 4.11% |
Conventional, Jumbo, HELOC | 9 +2 HELOCs |
2.4% | 100% | $775,000 | View |
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375 Centre Ave, Abington, MA 02351 A+5.0 ★Texas Ratio: 5.44% |
Conventional, HELOC | 5 +46 HELOCs |
1.4% | 100% | $637,000 | View |
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107 Tower Rd, Athol, MA 01331 9823 A+5.0 ★Texas Ratio: 5.99% |
Conventional, Jumbo, HELOC | 4 +1 HELOCs |
1.1% | 80% | $917,500 | View |
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291 Main St, Acton, MA 01720 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 4 | 1.1% | 80% | $665,000 | View |
Bankesb
770 Main St, Agawam, MA 01001 |
Conventional | 4 | 1.1% | 100% | $635,000 | |
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188 Medford St, Arlington, MA 02474 A+5.0 ★Texas Ratio: 1.57% |
Conventional, Jumbo | 4 | 1.1% | 100% | $825,000 | View |
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138 Main St, Melrose, MA 02176 A+5.0 ★Texas Ratio: 5.39% |
Conventional, Jumbo, HELOC | 3 +8 HELOCs |
0.8% | 100% | $825,000 | View |
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493 Boston Rd, Billerica, MA 01821 A+5.0 ★Texas Ratio: 3.27% |
Conventional | 3 | 0.8% | 100% | $611,666 | View |
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419 Broadway, Everett, MA 02149 A+5.0 ★Texas Ratio: 0.89% |
Conventional, Jumbo | 3 | 0.8% | 100% | $668,333 | View |
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55 Fruit St, Boston, MA 02114 2621 A5.0 ★Texas Ratio: 9.82% |
Conventional, Jumbo, HELOC | 2 +2 HELOCs |
0.5% | 100% | $515,000 | View |
Digital Federal Credit Union
100 Powdermill Rd, Acton, MA 01720 |
Conventional, HELOC | 2 +1 HELOCs |
0.5% | 100% | $155,000 | |
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5 Market St, Amesbury, MA 01913 A+5.0 ★Texas Ratio: 3.41% |
Conventional | 2 | 0.5% | 100% | $495,000 | View |
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68 Harrison Ave, Boston, MA 02111 A+5.0 ★Texas Ratio: 2.84% |
Conventional | 2 | 0.5% | 100% | $400,000 | View |
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820 Suffield Strret, Agawam, MA 01001 A+5.0 ★Texas Ratio: 5.36% |
Conventional, HELOC | 1 +3 HELOCs |
0.3% | 100% | $815,000 | View |
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19 Church St, Winchester, MA 01890 A+5.0 ★Texas Ratio: 2.71% |
Conventional | 1 | 0.3% | 100% | $655,000 | View |
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2 Locust St, Berkley, MA 02779 A5.0 ★Texas Ratio: 12.75% |
Conventional | 1 | 0.3% | 100% | $485,000 | View |
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★ 5 stars, 1 review 385 College St, Amherst, MA 01002 A+5.0 ★Texas Ratio: 2.70% |
Conventional | 1 | 0.3% | 100% | $485,000 | View |
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1 Andrew St, Lynn, MA 01901 1101 |
Conventional | 1 | 0.3% | 100% | $505,000 | View |
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621 Washington St, Boston, MA 02111 A+5.0 ★Texas Ratio: 4.57% |
Conventional | 1 | 0.3% | 100% | $445,000 | View |
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547 Southbridge St, Auburn, MA 01501 A+5.0 ★Texas Ratio: 1.75% |
Conventional, Jumbo | 1 | 0.3% | 100% | $1,355,000 | View |
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243 Broadway, Methuen, MA 01844 A5.0 ★Texas Ratio: 8.44% |
Conventional | 1 | 0.3% | 100% | $275,000 | View |
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53 Riverside Ave, Medford, MA 02155 A+5.0 ★Texas Ratio: 0.41% |
Conventional | 1 | 0.3% | 100% | $415,000 | View |
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105 Broadway, Arlington, MA 02474 A+5.0 ★Texas Ratio: 1.72% |
Conventional | 1 | 0.3% | 100% | $55,000 | View |
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112 County Rd, Amesbury, MA 01913 A+5.0 ★Texas Ratio: 0.22% |
Conventional | 1 | 0.3% | 100% | $445,000 | View |
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67 Medway Rd, Milford, MA 01757 A+5.0 ★Texas Ratio: 3.12% |
Conventional | 1 | 0.3% | 100% | $905,000 | View |
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52 Main St, Ashburnham, MA 01430 A+5.0 ★Texas Ratio: 2.94% |
Conventional | 1 | 0.3% | 100% | $245,000 | View |
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125 High St, Boston, MA 02110 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.3% | 100% | $765,000 | View |
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6 Harrison Ave, Abington, MA 02351 A+5.0 ★Texas Ratio: 2.91% |
Conventional | 1 | 0.3% | 100% | $1,105,000 | View |
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136 Faunce Corner Mall Rd, Dartmouth, MA 02747 A5.0 ★Texas Ratio: 7.62% |
Conventional | 1 | 0.3% | 100% | $645,000 | View |
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1 Campus Center Way, Amherst, MA 01003 A5.0 ★Texas Ratio: 7.52% |
Conventional | 1 | 0.3% | 100% | $155,000 | View |
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2 Locust St, Berkley, MA 02779 A5.0 ★Texas Ratio: 12.75% |
Conventional | 1 | 0.3% | 100% | $85,000 | View |
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100 Old Billerica Rd, Bedford, MA 01730 A5.0 ★Texas Ratio: 10.91% |
Conventional | 1 | 0.3% | 100% | $345,000 | View |
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285 Great Rd, Bedford, MA 01730 A+5.0 ★Texas Ratio: 3.29% |
HELOC | 0 +9 HELOCs |
0% | n/a | View | |
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325 Great Rd, Bedford, MA 01730 A+5.0 ★Texas Ratio: 3.62% |
HELOC | 0 +4 HELOCs |
0% | n/a | View | |
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279 Main St, Acton, MA 01720 A+5.0 ★Texas Ratio: 1.23% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
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56 Amity St, Amherst, MA 01002 A+5.0 ★Texas Ratio: 5.27% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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56 Common St, Barre, MA 01005 C+4.0 ★Texas Ratio: 26.47% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Salem Five Mortgage Company LLC
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Conventional | 4 | 1.1% | 100% | $522,500 | |
Radius Financial Group Inc
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Conventional, Jumbo | 2 | 0.5% | 100% | $975,000 | |
Members Mortgage Company Inc
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Conventional | 2 | 0.5% | 100% | $660,000 | |
Msa Mortgage, LLC
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Conventional | 1 | 0.3% | 100% | $275,000 | |
Mortgage Equity Partners LLC
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Conventional | 1 | 0.3% | 100% | $435,000 | |
Mit Federal Credit Union
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Conventional | 1 | 0.3% | 100% | $715,000 | |
Guaranteed Rate, Inc.
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Conventional, VA, Jumbo | 31 | 8.4% | 100% | $674,354 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, Jumbo | 24 | 6.5% | 100% | $662,083 | |
Rocket Mortgage
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Conventional | 23 | 6.2% | 92.3% | $362,391 | |
Movement Mortgage, LLC
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Conventional | 17 | 4.6% | 100% | $596,176 | |
United Wholesale Mortgage
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Conventional, Jumbo, HELOC | 10 +3 HELOCs |
2.7% | 91.7% | $528,000 | |
Fairway Independent Mort Corp
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Conventional, Jumbo | 10 | 2.7% | 100% | $727,000 | |
Guild Mortgage Company
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Conventional, Jumbo | 7 | 1.9% | 100% | $815,000 | |
loanDepot.com LLC
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Conventional, FHA | 5 | 1.4% | 83.3% | $475,000 | |
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A+5.0 ★Texas Ratio: 2.02% |
Conventional | 5 | 1.4% | 100% | $573,000 | View |
New American Funding, LLC.
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Conventional, HELOC | 4 +1 HELOCs |
1.1% | 80% | $475,000 | |
General Mortgage Capital Corporation
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Conventional | 4 | 1.1% | 100% | $412,500 | |
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A4.8 ★Texas Ratio: 2.45% |
Conventional | 4 | 1.1% | 100% | $665,000 | View |
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A+5.0 ★Texas Ratio: 2.85% |
Conventional | 3 | 0.8% | 100% | $698,333 | View |
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A+5.0 ★Texas Ratio: 1.21% |
Conventional, Jumbo | 3 | 0.8% | 100% | $898,333 | View |
Primelending
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Conventional, Jumbo | 3 | 0.8% | 100% | $995,000 | |
Pennymac Loan Services LLC
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Conventional, Jumbo | 3 | 0.8% | 100% | $801,666 | |
Embrace Home Loans, Inc.
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Conventional, Jumbo | 3 | 0.8% | 100% | $961,666 | |
American Pacific Mortgage Corporation
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Conventional | 3 | 0.8% | 100% | $761,666 | |
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A+5.0 ★Texas Ratio: 2.82% |
Conventional, Jumbo, HELOC | 2 +1 HELOCs |
0.5% | 100% | $1,725,000 | View |
Guaranteed Rate Affinity, LLC
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Conventional | 2 | 0.5% | 100% | $540,000 | |
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A+5.0 ★Texas Ratio: 3.16% |
Conventional | 2 | 0.5% | 100% | $655,000 | View |
Newrez LLC
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Conventional, FHA | 2 | 0.5% | 66.7% | $525,000 | |
Go Mortgage, LLC
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Conventional | 2 | 0.5% | 100% | $695,000 | |
Envoy Mortgage, Ltd
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Conventional, VA | 2 | 0.5% | 100% | $605,000 | |
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A-5.0 ★Texas Ratio: 14.36% |
Conventional, Jumbo | 2 | 0.5% | 100% | $810,000 | View |
Service Federal Credit Union
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Conventional, Jumbo | 2 | 0.5% | 100% | $675,000 | |
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A5.0 ★Texas Ratio: 7.00% |
Conventional, Jumbo | 2 | 0.5% | 66.7% | $835,000 | View |
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A+5.0 ★Texas Ratio: 2.32% |
Conventional, HELOC | 1 +2 HELOCs |
0.3% | 100% | $85,000 | View |
Webster Bank, N.A.
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Conventional, Jumbo, HELOC | 1 +2 HELOCs |
0.3% | 50% | $965,000 | |
Equity Resources Inc
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Conventional | 1 | 0.3% | 100% | $285,000 | |
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A+5.0 ★Texas Ratio: 3.66% |
Conventional, Jumbo | 1 | 0.3% | 100% | $1,255,000 | View |
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A+5.0 ★Texas Ratio: 0.14% |
Conventional | 1 | 0.3% | 100% | $455,000 | View |
Lakeview Loan Servicing, LLC
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Conventional | 1 | 0.3% | 33.3% | $535,000 | |
Sage Home Loans Corporation
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Conventional | 1 | 0.3% | 100% | $555,000 | |
Nbkc Bank
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Conventional | 1 | 0.3% | 50% | $455,000 | |
Guidance Residential, LLC
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Conventional | 1 | 0.3% | 100% | $575,000 | |
Amerisave Mortgage Company
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Conventional | 1 | 0.3% | 25% | $105,000 | |
Synergy One Lending, Inc.
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Conventional | 1 | 0.3% | 100% | $415,000 | |
AmWest Funding Corp
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Conventional | 1 | 0.3% | 100% | $585,000 | |
HomeBridge Financial Services, Inc
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Conventional | 1 | 0.3% | 100% | $575,000 | |
Discover Bank
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Conventional | 1 | 0.3% | 100% | $125,000 | |
East Coast Capital Corp.
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Conventional | 1 | 0.3% | 100% | $535,000 | |
Union Home Mortgage Corp.
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Conventional | 1 | 0.3% | 100% | $725,000 | |
American Heritage Lending, LLC
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Conventional | 1 | 0.3% | 50% | $845,000 | |
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A5.0 ★Texas Ratio: 9.52% |
Conventional | 1 | 0.3% | 100% | $455,000 | View |
Nationstar Mortgage
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Conventional | 1 | 0.3% | 50% | $135,000 | |
Megastar Finanacial Corp
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Conventional | 1 | 0.3% | 100% | $885,000 | |
Nations Direct Mortgage, LLC
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Conventional | 1 | 0.3% | 100% | $465,000 | |
Zillow Home Loans, LLC
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Conventional | 1 | 0.3% | 100% | $365,000 | |
Lower, LLC
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Conventional | 1 | 0.3% | 100% | $325,000 | |
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A+5.0 ★Texas Ratio: 5.76% |
Conventional | 1 | 0.3% | 100% | $605,000 | View |
Mld Mortgage, Inc.Dba the Money Store
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Conventional | 1 | 0.3% | 100% | $485,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 0.3% | 100% | $965,000 | View |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.3% | 100% | $835,000 | View |
Fourleaf Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
First Savings Bank
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Better Mortgage Corporation
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HELOC | 0 +1 HELOCs |
0% | n/a |
Melrose Mortgage Rate Trends
Daily average mortgage rates for Massachusetts compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Melrose, Massachusetts
Looking for mortgage lenders near me or mortgage brokers near me in Melrose? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Melrose in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Melrose, MA
Use these to narrow the list above. Each category shows how many Melrose, MA lenders fit and what that kind of lender is usually best for.
Who Lends in Melrose, MA
Independent mortgage companies closed 49.2 percent of home loans in Melrose, Massachusetts in 2025, banks 46.2 percent and credit unions 4.6 percent. Radius Financial Group Inc was the largest mortgage company, Eastern Bank the largest bank and Workers Federal Credit Union the largest credit union. Among lenders headquartered in Massachusetts, Eastern Bank led with 7 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
An attorney must handle the closing in Massachusetts. State deeds excise (transfer tax) of $4.56 per $1,000 of price, customarily paid by the seller; Barnstable County charges $6.12 per $1,000, and Nantucket and Martha's Vineyard add a 2 percent buyer paid land bank fee. No mortgage recording tax.
More Massachusetts Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Melrose, MA
By home loans closed in 2025, Eastern Bank was the largest mortgage lender in Melrose, Massachusetts with 7 loans, about 1.9 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
3 lenders closed FHA loans in Melrose, Massachusetts in 2025, led by CrossCountry Mortgage, LLC with 1. 3 lenders closed VA loans, led by Guaranteed Rate, Inc.. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 56 banks and 11 credit unions closed home loans in Melrose, Massachusetts in 2025, alongside 42 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Melrose, Massachusetts during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Melrose, Massachusetts for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Melrose. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
