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Mortgage Lenders and Brokers in Springfield, Massachusetts

Content reviewed by

Brian McKay | iEditorial Disclosure | ✓Fact Checked | Loan Rates Last Updated and Verified: October 7, 2026

Springfield, Massachusetts mortgage lenders include Greater Springfield Credit UnionGreater Springfield Credit Union1030 Wilbraham Rd, Springfield, MA 01109A+5.0 ★Texas Ratio: 1.12%, Citizens Bank, NACitizens Bank, NA1277 Liberty St, Springfield, MA 01104A+5.0 ★Texas Ratio: 5.44%, PeoplesBankPeoplesBank1240 Sumner Ave, Springfield, MA 01118A+5.0 ★Texas Ratio: 5.27%, Westfield BankWestfield Bank1342 Liberty St, Springfield, MA 01104A+5.0 ★Texas Ratio: 2.93%, Arrha Credit UnionArrha Credit Union145 Industry Ave, Springfield, MA 01104 3222, Freedom Credit UnionFreedom Credit Union1976 MAIN ST, SPRINGFIELD, MA 01103 1010A5.0 ★Texas Ratio: 8.45%, TD BankTD Bank1800 Boston Rd, Springfield, MA 01129A+5.0 ★Texas Ratio: 3.71%, Florence BankFlorence Bank1444 Allen St, Springfield, MA 01118A+5.0 ★Texas Ratio: 2.70%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA1391 Main St, Springfield, MA 01103A+5.0 ★Texas Ratio: 3.68%, and MassMutual FCUMassMutual FCU1295 State St, Springfield, MA 01111A+5.0 ★Texas Ratio: 2.63%. 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 Springfield, Massachusetts in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Springfield 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 Springfield, Massachusetts

Market share is the lender's share of all home loans closed in Springfield, 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
Greater Springfield Credit Union 1030 Wilbraham Rd, Springfield, MA 01109 A+5.0 ★Texas Ratio: 1.12%	Conventional	65	3%	85.9%	$107,307	View
Citizens Bank, NA 2 offices in Springfield 1277 Liberty St, Springfield, MA 01104 A+5.0 ★Texas Ratio: 5.44%	Conventional, FHA, HELOC	62 +90 HELOCs	2.8%	88.6%	$294,193	View
PeoplesBank 2 offices in Springfield 1240 Sumner Ave, Springfield, MA 01118 A+5.0 ★Texas Ratio: 5.27%	Conventional, HELOC	37 +23 HELOCs	1.7%	67.3%	$136,081	View
Westfield Bank 2 offices in Springfield 1342 Liberty St, Springfield, MA 01104 A+5.0 ★Texas Ratio: 2.93%	Conventional, HELOC	34 +24 HELOCs	1.6%	87.5%	$206,176	View
Arrha Credit Union 145 Industry Ave, Springfield, MA 01104 3222	Conventional	32	1.5%	72.7%	$115,625	View
Freedom Credit Union 1976 MAIN ST, SPRINGFIELD, MA 01103 1010 A5.0 ★Texas Ratio: 8.45%	Conventional	31	1.4%	65.3%	$106,290	View
TD Bank 7 offices in Springfield 1800 Boston Rd, Springfield, MA 01129 A+5.0 ★Texas Ratio: 3.71%	Conventional, HELOC	23 +45 HELOCs	1.1%	57.5%	$128,043	View
Florence Bank ★ 5 stars, 1 review 1 office in Springfield 1444 Allen St, Springfield, MA 01118 A+5.0 ★Texas Ratio: 2.70%	Conventional, HELOC	17 +2 HELOCs	0.8%	100%	$261,470	View
JPMorgan Chase Bank, NA 2 offices in Springfield 1391 Main St, Springfield, MA 01103 A+5.0 ★Texas Ratio: 3.68%	Conventional	17	0.8%	90.9%	$217,941	View
MassMutual FCU 1295 State St, Springfield, MA 01111 A+5.0 ★Texas Ratio: 2.63%	Conventional, HELOC	8 +11 HELOCs	0.4%	100%	$36,250	View
M&T Bank 4 offices in Springfield 1946 Wilbraham Rd, Springfield, MA 01129 A+5.0 ★Texas Ratio: 4.11%	Conventional, FHA, HELOC	6 +35 HELOCs	0.3%	54.5%	$200,000	View
Bank of America NA 3 offices in Springfield 106 Island Pond Rd, Springfield, MA 01118 A+5.0 ★Texas Ratio: 4.14%	Conventional, FHA, HELOC	6 +25 HELOCs	0.3%	75%	$263,333	View
Community Bank, N.A. 2 offices in Springfield 1500 Main Street, Springfield, MA 01115 A+5.0 ★Texas Ratio: 3.83%	Conventional, HELOC	6 +1 HELOCs	0.3%	75%	$210,000	View
Beacon Bank & Trust 3 offices in Springfield 1259 E Columbus Ave, Springfield, MA 01105 A+5.0 ★Texas Ratio: 5.36%	HELOC	0 +2 HELOCs	0%	n/a		View
Polish National Credit Union 46 Main St, Chicopee, MA 01020 A+5.0 ★Texas Ratio: 1.02%	Conventional	35	1.6%	94.7%	$101,000	View
Monson Savings Bank 61 N Main St, East Longmeadow, MA 01028 A+5.0 ★Texas Ratio: 1.92%	Conventional, Jumbo	29	1.3%	83.8%	$168,793	View
UMassFive College Federal Credit Union 233 Carew St Rm 110, Springfield, MA 01104 2377 A5.0 ★Texas Ratio: 7.52%	Conventional	21	1%	83.8%	$67,380	View
Bankesb 770 Main St, Agawam, MA 01001	Conventional, FHA, HELOC	19 +2 HELOCs	0.9%	86.4%	$196,052
Greenfield Cooperative Bank 390 College St, Amherst, MA 01002 A+5.0 ★Texas Ratio: 4.03%	Conventional	13	0.6%	100%	$251,153	View
Alden Credit Union 175 State St, Belchertown, MA 01007 9033 A5.0 ★Texas Ratio: 9.39%	Conventional	11	0.5%	91.7%	$161,363	View
Holyoke Credit Union 14 N Westfield St, Feeding Hills, MA 01030 1606 A5.0 ★Texas Ratio: 10.26%	Conventional	9	0.4%	90.9%	$113,888	View
Country Bank for Savings 21 N Main St, Belchertown, MA 01007 A5.0 ★Texas Ratio: 6.28%	Conventional, HELOC	8 +4 HELOCs	0.4%	100%	$195,000	View
Keybank National Association 6 Somers Rd, East Longmeadow, MA 01028 A+5.0 ★Texas Ratio: 4.81%	Conventional, FHA	6	0.3%	46.2%	$96,666	View
Cornerstone Bank 52 Main St, Ashburnham, MA 01430 A+5.0 ★Texas Ratio: 2.94%	Conventional	4	0.2%	100%	$347,500	View
Rockland Trust Bank 381 Centre Ave, Abington, MA 02351 A+5.0 ★Texas Ratio: 2.64%	Conventional, FHA	4	0.2%	80%	$272,500	View
Metro Credit Union 1 Center Plz, Boston, MA 02108 A+5.0 ★Texas Ratio: 5.39%	Conventional, FHA	3	0.1%	57.1%	$191,666	View
Greenfield Savings Bank 108 N Pleasant St, Amherst, MA 01002 A+5.0 ★Texas Ratio: 3.75%	Conventional	3	0.1%	75%	$168,333	View
Leader Bank NA 1201 Massachusetts Ave, Arlington, MA 02476 A+5.0 ★Texas Ratio: 0.22%	Conventional, FHA	3	0.1%	100%	$285,000	View
Wells Fargo Bank NA 125 High St, Boston, MA 02110 A+5.0 ★Texas Ratio: 5.36%	Conventional, VA	3	0.1%	75%	$265,000	View
Bay State Savings Bank 99 Auburn St, Auburn, MA 01501 A+5.0 ★Texas Ratio: 4.38%	Conventional	2	0.1%	100%	$95,000	View
Luso Federal Credit Union 599 East St, Ludlow, MA 01056 A5.0 ★Texas Ratio: 7.60%	Conventional	2	0.1%	33.3%	$165,000	View
Eastern Bank 660 Bedford St, Abington, MA 02351 A+5.0 ★Texas Ratio: 2.61%	Conventional	2	0.1%	100%	$435,000	View
Baycoast Bank 2 Locust St, Berkley, MA 02779 A5.0 ★Texas Ratio: 12.75%	Conventional, HELOC	1 +2 HELOCs	0%	100%	$105,000	View
Bank of Canton 850 Southbridge St, Auburn, MA 01501 A+5.0 ★Texas Ratio: 4.22%	Conventional	1	0%	100%	$325,000	View
All One Credit Union 159 Mechanic St, Clinton, MA 01510 A+5.0 ★Texas Ratio: 2.11%	Conventional	1	0%	20%	$65,000	View
Fall River Five Cents Savings 136 Faunce Corner Mall Rd, Dartmouth, MA 02747 A5.0 ★Texas Ratio: 7.62%	Conventional	1	0%	100%	$325,000	View
PNC Bank N.A. ★ 1.7 stars, 3 reviews 109 Causeway St, Boston, MA 02114 A+5.0 ★Texas Ratio: 4.24%	Conventional	1	0%	50%	$205,000	View
Workers Federal Credit Union 107 Tower Rd, Athol, MA 01331 9823 A+5.0 ★Texas Ratio: 5.99%	Conventional	1	0%	50%	$85,000	View
Greylock Federal Credit Union 2 Park St, Adams, MA 01220 A5.0 ★Texas Ratio: 7.93%	HELOC	0 +1 HELOCs	0%	n/a		View
Hanscom Federal Credit Union 325 Great Rd, Bedford, MA 01730 A+5.0 ★Texas Ratio: 3.62%	HELOC	0 +1 HELOCs	0%	n/a		View
Digital Federal Credit Union 100 Powdermill Rd, Acton, MA 01720	HELOC	0 +1 HELOCs	0%	0%
New Fed Mortgage Corp.	Conventional, FHA	29	1.3%	87.9%	$275,689
Northpoint Mortgage, Inc. A5.0 ★Texas Ratio: 8.47%	Conventional, FHA	22	1%	91.7%	$285,909	View
Radius Financial Group Inc	Conventional, FHA	12	0.5%	92.3%	$240,000
Mortgage Equity Partners LLC	Conventional, FHA	11	0.5%	78.6%	$262,272
Msa Mortgage, LLC	Conventional, FHA	6	0.3%	100%	$403,333
Members Mortgage Company Inc	Conventional	3	0.1%	100%	$225,000
Bangor Savings Bank A+5.0 ★Texas Ratio: 4.53%	Conventional	2	0.1%	100%	$100,000	View
Mit Federal Credit Union	Conventional	1	0%	100%	$265,000
Drew Mortgage Associates, Inc	Conventional	1	0%	100%	$175,000
Salem Five Mortgage Company LLC	FHA	1	0%	100%	$245,000
Cmg Mortgage Inc A+5.0 ★Texas Ratio: 2.02%	Conventional, FHA, VA, USDA, HELOC	220 +1 HELOCs	10.1%	92.8%	$192,454	View
United Wholesale Mortgage	Conventional, FHA, VA, HELOC	159 +7 HELOCs	7.3%	82%	$321,289
Rocket Mortgage	Conventional, FHA, VA	148	6.8%	77.2%	$204,932
Fairway Independent Mort Corp	Conventional, FHA, VA	129	5.9%	90.2%	$231,356
New American Funding, LLC.	Conventional, FHA, VA, HELOC	81 +3 HELOCs	3.7%	82.7%	$272,407
Guaranteed Rate, Inc.	Conventional, FHA, VA, HELOC	64 +1 HELOCs	2.9%	92.9%	$219,375
Pennymac Loan Services LLC	Conventional, FHA, VA	48	2.2%	84.5%	$194,791
Liberty Bank A+5.0 ★Texas Ratio: 1.21%	Conventional, FHA, HELOC	42 +3 HELOCs	1.9%	91.3%	$264,047	View
American Neighborhood Mortgage Acceptance Company	Conventional, FHA, VA	40	1.8%	88.9%	$232,500
loanDepot.com LLC	Conventional, FHA, VA, HELOC	38 +11 HELOCs	1.7%	67.2%	$182,631
Nationstar Mortgage	Conventional, FHA, VA	33	1.5%	87.2%	$153,484
Mortgage Research Center	Conventional, VA	33	1.5%	63%	$322,575
Freedom Mortgage Corporation	Conventional, FHA, VA	32	1.5%	69.5%	$287,812
Guild Mortgage Company	Conventional, FHA	32	1.5%	97.1%	$179,375
CrossCountry Mortgage, LLC	Conventional, FHA, VA, HELOC	31 +1 HELOCs	1.4%	86.5%	$311,129
Total Mortgage Services, LLC	Conventional, FHA, VA, HELOC	31 +1 HELOCs	1.4%	94.3%	$271,774
Newrez LLC	Conventional, FHA, VA	30	1.4%	56.1%	$236,000
Movement Mortgage, LLC	Conventional, FHA, VA, HELOC	25 +2 HELOCs	1.1%	96.8%	$208,200
Homestead Funding Corp.	Conventional, FHA	20	0.9%	87%	$198,500
First Colony Mortgage Corporat	Conventional, FHA	19	0.9%	87.5%	$259,210
Mutual of Omaha Mortgage	Conventional, FHA, VA	19	0.9%	64.5%	$270,263
Navy Federal Credit Union	Conventional, VA, HELOC	11 +2 HELOCs	0.5%	78.6%	$259,545
Semper Home Loans, Inc	Conventional, FHA, VA	11	0.5%	84.6%	$257,727
Amerisave Mortgage Company	Conventional, FHA	11	0.5%	27.7%	$113,181
Northpointe Bank A5.0 ★Texas Ratio: 8.47%	FHA, VA	10	0.5%	100%	$300,000	View
Lakeview Loan Servicing, LLC	FHA	9	0.4%	47.1%	$249,444
Ark-La-Tex Financial Services LLC	Conventional, FHA, VA	9	0.4%	90%	$325,000
First Community Mortgage, Inc.	Conventional, FHA, VA	8	0.4%	80%	$271,250
Geneva Financial LLC	Conventional, FHA	8	0.4%	100%	$292,500
Premier Mortgage Resources, LLC	Conventional, FHA	7	0.3%	100%	$270,714
Guaranteed Rate Affinity, LLC	Conventional	7	0.3%	100%	$163,571
William Raveis Mortgage, LLC	Conventional, FHA	7	0.3%	77.8%	$219,285
Harborone Mortgage, LLC	Conventional, FHA	7	0.3%	100%	$329,285
Keystone Funding, Inc	Conventional, FHA	6	0.3%	100%	$265,000
Northern Mortgage Services, LLC	Conventional, FHA	5	0.2%	100%	$337,000
Equity Prime Mortgage LLC	FHA, VA	5	0.2%	71.4%	$225,000
PHH Mortgage Corporation	Conventional, FHA, VA	5	0.2%	83.3%	$233,000
American Financial Network, Inc.	Conventional, FHA	5	0.2%	100%	$307,000
Top Flite Financial, Inc.	Conventional, FHA, VA	5	0.2%	100%	$183,000
Union Home Mortgage Corp.	Conventional, FHA, VA, HELOC	4 +2 HELOCs	0.2%	100%	$325,000
Primary Residential Mortgage, INC.	Conventional, FHA	4	0.2%	100%	$282,500
Ocmbc, Inc. A+5.0 ★Texas Ratio: 5.05%	FHA	4	0.2%	100%	$272,500	View
360 Federal Credit Union	Conventional	4	0.2%	44.4%	$42,500
Nations Direct Mortgage, LLC	FHA	4	0.2%	80%	$325,000
JMAC Lending, Inc.	Conventional, FHA	4	0.2%	100%	$330,000
Berkshire Bank A-5.0 ★Texas Ratio: 14.36%	Conventional, HELOC	3 +9 HELOCs	0.1%	100%	$158,333	View
American Eagle FCU	Conventional, HELOC	3 +2 HELOCs	0.1%	100%	$91,666
Spring Eq, LLC	Conventional, HELOC	3 +2 HELOCs	0.1%	25%	$85,000
Primelending	FHA	3	0.1%	75%	$381,666
Everett Financial, Inc.	FHA, VA	3	0.1%	100%	$245,000
AmWest Funding Corp	Conventional	3	0.1%	75%	$225,000
Discover Bank	Conventional	3	0.1%	15.8%	$95,000
First World Mortgage Corporaton	Conventional	3	0.1%	100%	$318,333
Cardinal Financial Company, Li	Conventional	3	0.1%	66.7%	$191,666
Planet Home Lending, LLC	Conventional, VA	3	0.1%	75%	$351,666
Nations Lending Corporation	Conventional, FHA	3	0.1%	100%	$171,666
T2 Financial LLC	Conventional, FHA	3	0.1%	66.7%	$291,666
Zillow Home Loans, LLC	Conventional, FHA	3	0.1%	100%	$268,333
Prosperity Home Mortgage, LLC	Conventional, FHA	3	0.1%	50%	$305,000
The Federal Savings Bank B+4.8 ★Texas Ratio: 16.98%	VA	3	0.1%	100%	$351,666	View
Sofi Bank, National Association A+5.0 ★Texas Ratio: 0.51%	Conventional	3	0.1%	60%	$85,000	View
Paramount Residential Mortgage	Conventional, FHA	3	0.1%	75%	$351,666
Reliance First Capital, LLC	Conventional, FHA	3	0.1%	100%	$238,333
Plaza Home Mortgage, Inc	FHA, VA	3	0.1%	100%	$308,333
Village Capital & Investment	FHA, VA	3	0.1%	38.5%	$328,333
Goodleap, LLC	Conventional, HELOC	2 +2 HELOCs	0.1%	75%	$135,000
HomeBridge Financial Services, Inc	VA, HELOC	2 +2 HELOCs	0.1%	66.7%	$315,000
EMM Loans LLC	FHA	2	0.1%	100%	$260,000
Cornerstone First Mortgage, LLC	Conventional, FHA	2	0.1%	100%	$115,000
American Financial Resources LLC	Conventional, VA	2	0.1%	100%	$300,000
Norwich Commercial Group Inc	Conventional, FHA	2	0.1%	50%	$315,000
AmeriHome Mortgage Company, LLC	FHA	2	0.1%	100%	$455,000
General Mortgage Capital Corporation	Conventional	2	0.1%	100%	$255,000
First Home Mortgage	Conventional	2	0.1%	100%	$205,000
Usaa Federal Savings Bank B-3.5 ★Texas Ratio: 6.80%	VA	2	0.1%	50%	$280,000	View
Shoreham Bank	Conventional, FHA	2	0.1%	100%	$290,000
Intelliloan, Inc.	FHA	2	0.1%	66.7%	$310,000
Barrington Bank & Trust Company, N.A. A+5.0 ★Texas Ratio: 2.20%	VA	2	0.1%	100%	$370,000	View
Evolve Bank & Trust	Conventional	2	0.1%	100%	$170,000
Mission Loans, LLC	Conventional	2	0.1%	100%	$85,000
Pentagon Federal Credit Union	Conventional	2	0.1%	50%	$250,000
First National Bank of America B-4.3 ★Texas Ratio: 23.12%	Conventional	2	0.1%	100%	$225,000	View
Sierra Pacific Mortgage Co. Inc	Conventional, HELOC	1 +2 HELOCs	0%	100%	$355,000
Arc Home LLC	FHA	1	0%	100%	$325,000
Huntington National Bank A+5.0 ★Texas Ratio: 3.66%	Conventional	1	0%	100%	$515,000	View
Affordable Mortgage Advisors	FHA	1	0%	50%	$315,000
Allied Mortgage Group, Inc	FHA	1	0%	100%	$255,000
Amerant Mortgage LLC	FHA	1	0%	100%	$365,000
United Trust Bank	FHA	1	0%	100%	$115,000
Oaktree Funding Corp	Conventional	1	0%	100%	$305,000
Assurance Financial Group, L.L.C.	FHA	1	0%	100%	$165,000
Valley West Corporation	FHA	1	0%	100%	$335,000
Sun West Mortgage Company, Inc	FHA	1	0%	100%	$335,000
Riverbank Federal Credit Union	Conventional	1	0%	100%	$75,000
Prysma Lending Group, LLC	FHA	1	0%	50%	$225,000
Oceanside Mortgage Company	FHA	1	0%	100%	$305,000
Click n' Close, Inc.	VA	1	0%	100%	$295,000
Kwik Mortgage Corporation	Conventional	1	0%	100%	$265,000
Calcon Mutual Mortgage LLC	FHA	1	0%	100%	$455,000
Franklin Trust FCU	Conventional	1	0%	100%	$55,000
Churchill Mortgage Corporation	Conventional	1	0%	100%	$115,000
UNMB Home Loans Inc	FHA	1	0%	100%	$255,000
Embrace Home Loans, Inc.	Conventional	1	0%	100%	$315,000
Hometown Equity Mortgage, LLC	FHA	1	0%	100%	$305,000
Scient Federal Credit Union	Conventional	1	0%	100%	$75,000
Windsor Federal Bank	Conventional	1	0%	100%	$365,000
Province Mortgage Associates, Inc.	FHA	1	0%	50%	$355,000
Uif Corporation	Conventional	1	0%	100%	$345,000
Member Advantage Mortgage	Conventional	1	0%	100%	$315,000
National Cooperative Bank, N.A. A5.0 ★Texas Ratio: 6.04%	Conventional	1	0%	100%	$95,000	View
Summit Funding.Inc	FHA	1	0%	100%	$395,000
CIBM Bank A5.0 ★Texas Ratio: 8.91%	FHA	1	0%	50%	$205,000	View
Liberty Home Mortgage Corp	Conventional	1	0%	100%	$285,000
Lower, LLC	Conventional	1	0%	25%	$205,000
Magnolia Bank A-5.0 ★Texas Ratio: 14.97%	VA	1	0%	100%	$305,000	View
Ixonia Bank A+5.0 ★Texas Ratio: 2.14%	FHA	1	0%	100%	$335,000	View
Truist Bank ★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87%	FHA	1	0%	100%	$255,000	View
Mld Mortgage, Inc.Dba the Money Store	FHA	1	0%	100%	$355,000
Texana Bank	VA	1	0%	100%	$255,000
Quontic Bank C+4.1 ★Texas Ratio: 25.91%	FHA	1	0%	100%	$315,000	View
Leaderone Financial Corp.	FHA	1	0%	33.3%	$175,000
Figure Lending LLC	HELOC	0 +5 HELOCs	0%	n/a
Valon Mortgage	HELOC	0 +4 HELOCs	0%	n/a
Quorum Federal Credit Union	HELOC	0 +4 HELOCs	0%	n/a
Webster Bank, N.A.	HELOC	0 +2 HELOCs	0%	n/a
Flagstar Bank NA D3.3 ★Texas Ratio: 35.11%	HELOC	0 +1 HELOCs	0%	n/a		View
Third Federal Savings and Loan A+5.0 ★Texas Ratio: 2.32%	HELOC	0 +1 HELOCs	0%	n/a		View

Lender counts and market shares come from 2025 federal HMDA loan data, the public record of mortgage applications and closings. Health grades: MonitorBankRates, rates as of Oct 8, 2026.

Springfield Mortgage Rate Trends

Daily average mortgage rates for Massachusetts compared with the national average, updated every evening.

30-Year Fixed MA Avg

7.075%

▲ 0.078 vs 7 days ago

15-Year Fixed MA Avg

6.731%

▲ 0.111 vs 7 days ago

Mortgage Lenders and Mortgage Brokers Near Me in Springfield, Massachusetts

Looking for mortgage lenders near me or mortgage brokers near me in Springfield? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Springfield in 2025, with lenders based there listed first.

Types of Mortgage Lenders in Springfield, MA

Use these to narrow the list above. Each category shows how many Springfield, MA lenders fit and what that kind of lender is usually best for.

Mortgage companies and brokers 96 lenders. Nonbank lenders and brokers that shop several wholesale lenders; often the fastest closings Banks 58 lenders. Local and national banks with branches, portfolio and jumbo loans, and an MBR health grade Credit unions 24 lenders. Member owned, often lower fees and flexible underwriting for members FHA lenders 92 lenders. 3.5 percent down and credit scores into the 500s; the usual route for bad credit or low down payment buyers VA lenders 39 lenders. No down payment and no mortgage insurance for eligible veterans and service members USDA lenders 1 lenders. Zero down loans in eligible rural and suburban areas Jumbo lenders 1 lenders. Loans above the conforming limit for higher priced homes Local lenders based in MA 40 lenders headquartered in Massachusetts, the closest thing to a mortgage lender near you

Who Lends in Springfield, MA

Independent mortgage companies closed 69.8 percent of home loans in Springfield, Massachusetts in 2025, banks 19.1 percent and credit unions 11.1 percent. New Fed Mortgage Corp. was the largest mortgage company, Citizens Bank, NA the largest bank and Greater Springfield Credit Union the largest credit union. Among lenders headquartered in Massachusetts, Greater Springfield Credit Union led with 65 loans.

69.8%

Mortgage companies

19.1%

Banks

11.1%

Credit unions

32%

FHA loans

VA 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

All Massachusetts lenders 613 lenders Boston 302 lenders Worcester 199 lenders Brockton 139 lenders Haverhill 157 lenders Lowell 160 lenders New Bedford 118 lenders Newton 152 lenders Taunton 147 lenders Lynn 135 lenders Quincy 150 lenders Fall River 122 lenders Weymouth Town 152 lenders

Frequently Asked Questions About Mortgage Lenders in Springfield, MA

Who is the largest mortgage lender in Springfield, MA?

By home loans closed in 2025, Greater Springfield Credit Union was the largest mortgage lender in Springfield, Massachusetts with 65 loans, about 3 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which mortgage lenders in Springfield, MA have the highest approval rates?

Among lenders with meaningful volume in Springfield, Massachusetts, Guaranteed Rate, Inc. approved the highest share of completed applications in 2025 at 92.9 percent, against a 80.5 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which Springfield, MA mortgage lenders offer FHA, VA and USDA loans?

92 lenders closed FHA loans in Springfield, Massachusetts in 2025, led by United Wholesale Mortgage with 109. 39 lenders closed VA loans, led by Mortgage Research Center, and 1 closed USDA rural loans. 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.

Are credit unions and local banks included in this Springfield, MA lender list?

Yes. 58 banks and 24 credit unions closed home loans in Springfield, Massachusetts in 2025, alongside 96 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.

How are mortgage lenders in Springfield, MA ranked on this page?

Lenders are ranked only by the number of home loans they closed in Springfield, 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 Springfield, 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 Springfield. 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.