Best mortgage lenders in Massachusetts
No lender is best for everyone, so this page ranks Massachusetts lenders on what federal records can measure: who makes the most loans here, who leads for FHA and VA, and what their Massachusetts borrowers paid. All figures are 2025 HMDA data; no lender pays to be listed.
Who leads for what in Massachusetts
"Most loans" and "Largest average loan" are among the 15 lenders with the most Massachusetts originations in 2025 (the latter counts lenders with at least 300 loans in the state); FHA and VA leaders count every lender's home-purchase loans.
The 15 lenders that made the most home loans in Massachusetts
| # | Lender | Type | Loans | FHA | VA | Avg loan | Approval* |
|---|---|---|---|---|---|---|---|
| 1 | Citizens | Bank | 10,235 | 0.4% | 0.0% | $310,299 | 66.9% |
| 2 | Rocket Mortgage | Nonbank lender | 6,590 | 10.0% | 4.0% | $338,667 | 82.7% |
| 3 | Leader Bank, National Association | — | 4,926 | 1.1% | 0.8% | $589,395 | 97.8% |
| 4 | Guaranteed Rate (Rate) | Nonbank lender | 4,507 | 9.4% | 3.9% | $585,461 | 93.1% |
| 5 | United Wholesale Mortgage | Nonbank lender | 4,404 | 25.8% | 8.3% | $464,548 | 85.4% |
| 6 | CrossCountry Mortgage | Nonbank lender | 3,923 | 10.8% | 2.5% | $554,141 | 94.8% |
| 7 | Eastern Bank | — | 3,620 | 0.3% | 0.0% | $394,357 | 64.7% |
| 8 | Bank of America | Bank | 3,551 | 0.2% | 0.0% | $409,463 | 60.3% |
| 9 | Rockland Trust Company | — | 3,239 | 0.6% | 0.2% | $390,004 | 65.4% |
| 10 | CMG Home Loans | Nonbank lender | 2,329 | 16.7% | 4.1% | $427,460 | 92.2% |
| 11 | Guild Mortgage | Nonbank lender | 2,282 | 18.2% | 3.8% | $426,792 | 94.8% |
| 12 | TD Bank | Bank | 1,975 | 0.2% | 0.1% | $384,332 | 66.1% |
| 13 | The Cape Cod Five Cents Savings Bank | — | 1,955 | 1.2% | 0.0% | $362,667 | 85.5% |
| 14 | Fairway Independent Mortgage | Nonbank lender | 1,954 | 12.0% | 3.0% | $472,754 | 92.3% |
| 15 | loanDepot | Nonbank lender | 1,900 | 17.1% | 6.5% | $351,490 | 79.6% |
Source: 2025 HMDA originations, FFIEC/CFPB. FHA/VA = share of each lender's Massachusetts loans. *Approval = originated ÷ (originated + denied); it mirrors a lender's channel and borrower mix, not how hard it is to qualify.
Also among the 25 lenders with the most HMDA filings here: Chase, PennyMac, Newrez, Digital, Freedom Mortgage, Mr. Cooper, New American Funding, M&T Bank, Salem Five Cents Savings Bank, U.S. Bank.
FHA lenders in Massachusetts
5,545 FHA home-purchase loans were made in Massachusetts in 2025 by 169 lenders. The typical FHA buyer here paid $14,747 in loan costs, including the 1.75% upfront mortgage insurance premium, at a median rate of 6.375%. The ten lenders that made the most:
| # | Lender | FHA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 735 | 13.3% | $14,314 | +0.48 |
| 2 | Guaranteed Rate (Rate) | 350 | 6.3% | $15,189 | +0.46 |
| 3 | CMG Home Loans | 323 | 5.8% | $14,312 | +0.58 |
| 4 | Guild Mortgage | 320 | 5.8% | $13,648 | +0.60 |
| 5 | Total Mortgage Services, LLC | 297 | 5.4% | $16,708 | +0.82 |
| 6 | CrossCountry Mortgage | 266 | 4.8% | $16,350 | +0.62 |
| 7 | Rocket Mortgage | 197 | 3.6% | $15,061 | +0.35 |
| 8 | New American Funding | 179 | 3.2% | $13,847 | +0.78 |
| 9 | Fairway Independent Mortgage | 179 | 3.2% | $14,135 | +0.85 |
| 10 | American Neighborhood Mortgage Acceptance Company LLC | 162 | 2.9% | $15,543 | +0.84 |
| All Massachusetts FHA buyers | 5,545 | 100% | $14,747 | +0.55 |
Among them, Guild Mortgage had the lowest median loan costs ($13,648) and Total Mortgage Services, LLC the highest ($16,708) — $3,060 apart on similar loans, which is why a second Loan Estimate is worth getting.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien FHA home purchases in Massachusetts. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. Our method and its limits.
VA lenders in Massachusetts
1,968 VA home-purchase loans were made in Massachusetts in 2025 by 136 lenders. The typical VA buyer here paid $7,549 in loan costs (including the VA funding fee for borrowers who owe it) at a median rate of 6.25%. The ten lenders that made the most:
| # | Lender | VA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | Veterans United | 501 | 25.5% | $7,319 | −0.28 |
| 2 | Guaranteed Rate (Rate) | 115 | 5.8% | $7,860 | −0.39 |
| 3 | Navy Federal Credit Union | 106 | 5.4% | $4,730 | −0.60 |
| 4 | United Wholesale Mortgage | 100 | 5.1% | $7,606 | −0.26 |
| 5 | CMG Home Loans | 76 | 3.9% | $12,311 | −0.28 |
| 6 | CrossCountry Mortgage | 69 | 3.5% | $6,278 | −0.28 |
| 7 | USAA | 66 | 3.4% | $10,164 | −0.29 |
| 8 | Guild Mortgage | 62 | 3.2% | $6,880 | −0.22 |
| 9 | PennyMac | 51 | 2.6% | $7,075 | −0.43 |
| 10 | loanDepot | 47 | 2.4% | $6,786 | +0.10 |
| All Massachusetts VA buyers | 1,968 | 100% | $7,549 | −0.32 |
Among them, Navy Federal Credit Union had the lowest median loan costs ($4,730) and CMG Home Loans the highest ($12,311) — $7,581 apart, though VA costs also depend on how many of a lender's borrowers are exempt from the funding fee.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien VA home purchases in Massachusetts. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. Data notes and limits.
How concentrated is the Massachusetts market?
788 institutions reported Massachusetts home-loan records for 2025 — the 26th-fewest of any state. The single most active lender accounts for 7.2% of all records and the top five for 21.5%, the 19th-least concentrated market of 51. With volume spread across many lenders, there is plenty of room to shop beyond the biggest names.
How to choose a lender in Massachusetts
Massachusetts borrowers took FHA loans 7.2% of the time and VA loans 2.8% (U.S. 13.2% and 8.2%). Buying near $832,750 or above? 7 Massachusetts counties have a higher conforming limit, so check which side of the jumbo line your county puts you on before comparing quotes.
Get Loan Estimates from three or more lenders in the same two-week window (one credit inquiry) and compare APRs. For down-payment help, ask whether they are approved for MassHousing's MassHousing Down Payment Assistance — only participating lenders can offer them (terms and sources).
Massachusetts checks: Division of Banks licenses and MassHousing lenders
The Division of Banks licenses or registers mortgage companies and mortgage loan originators doing business in Massachusetts, all through NMLS — look a company or loan officer up on NMLS Consumer Access. Its Consumer Assistance Unit takes complaints about state-chartered banks and credit unions and about mortgage lenders, brokers and originators it licenses, and refers other complaints to the right agency.
MassHousing’s mortgage loans and down-payment assistance go through its approved lenders: 77 lender partners and 11 mortgage-broker partners. Its top ten partners for fiscal 2026 include Total Mortgage Services, CMG, Guild, Rate and CrossCountry Mortgage. Of the state’s 25 most active lenders by HMDA records, 12 are on the list, plus Salem Five through its mortgage company. The three busiest — Citizens, Bank of America and Rocket Mortgage — are not.
Two Massachusetts rules that protect the borrower
Two state laws change what a lender owes you here:
- Title certification. For a purchase-money first mortgage on a 1–4 family home you will live in, the attorney acting for the lender must give you, not just the lender, a certification of title based on at least a 50-year title search, listing any exceptions. Willfully failing to give it to you is an unfair or deceptive practice (G.L. c. 93, § 70).
- Refinancing in your interest. A lender may not knowingly make a home loan that pays off a home loan made within the prior 60 months unless the refinance is in your interest, and the lender carries the burden of showing it — for example a monthly payment lower than the debts being paid off after costs, a lower rate, cash beyond the costs, or a switch from adjustable to fixed (G.L. c. 183, § 28C).
If the loan you’re refinancing is less than five years old, the lender has to be able to show why the new one is in your interest.
Massachusetts banks in the ranking
Five Massachusetts-based banks are among the state’s 25 most active lenders: Leader Bank (Arlington, 5th), Eastern Bank (Boston, 6th), Rockland Trust (Rockland, 8th), Cape Cod Five Cents Savings Bank (Hyannis, 20th) and Salem Five Cents Savings Bank (Salem, 24th). Each is on MassHousing’s list — Salem Five through its mortgage company. Connecticut-based Total Mortgage Services, one of MassHousing’s top ten partners in fiscal 2026, ranked 5th for FHA purchase loans in Massachusetts.
The 15th-ranked “DIGITAL” in 2025 HMDA data is Digital Federal Credit Union (DCU). It merged into First Technology Federal Credit Union on January 1, 2026; DCU now operates as a division of First Tech, whose GLEIF record lists San Jose, California, as headquarters.
| Lender | Based in | Type | Rank | 2025 records | FHA purchase rank |
|---|---|---|---|---|---|
| Leader Bank | Arlington, MA | Bank | 5 | 6,305 | — |
| Eastern Bank | Boston, MA | Bank | 6 | 6,216 | — |
| Rockland Trust | Rockland, MA | Bank | 8 | 5,990 | — |
| Digital Federal Credit Union (now First Tech) | San Jose, CA | Credit union | 15 | 3,476 | — |
| Cape Cod Five Cents Savings Bank | Hyannis, MA | Bank | 20 | 2,842 | — |
| Salem Five Cents Savings Bank | Salem, MA | Bank | 24 | 2,068 | — |
Rank = position among the 25 lenders with the most Massachusetts HMDA records in 2025; FHA purchase rank = position among the ten biggest Massachusetts FHA home-purchase lenders in 2025; "—" = outside those lists. Headquarters from our lender profiles or the lender's GLEIF legal-entity record (linked).
Facts in the Massachusetts sections above were checked November 6, 2026 against these sources: Massachusetts Division of Banks — licenses; Division of Banks — consumer complaints; MassHousing approved lenders; M.G.L. c. 93, § 70 — certification of title; M.G.L. c. 183, § 28C — refinancing in the borrower’s interest; First Tech FCU — DCU merger notice; GLEIF — First Technology (formerly DIGITAL). Agency lender lists, program terms and rules change often — confirm with the agency or lender before you rely on them.
Massachusetts lender FAQ
Who is the biggest mortgage lender in Massachusetts?
By 2025 federal HMDA data, Citizens originated the most home loans in Massachusetts — about 10,235, or 7.5% of the state's originations.
Which lender makes the most FHA loans in Massachusetts?
United Wholesale Mortgage made the most FHA home-purchase loans in Massachusetts in 2025 — 735, or 13.3% of the 5,545 FHA purchases made by 169 lenders. Guaranteed Rate (Rate) (350) was second.
Which lender makes the most VA loans in Massachusetts?
Veterans United made the most VA home-purchase loans in Massachusetts in 2025 (501, 25.5% of the state's VA purchases). VA loans were 2.8% of Massachusetts originations, the 2nd-lowest VA share among the states.
How much are closing costs on an FHA loan in Massachusetts?
The typical Massachusetts FHA buyer in 2025 paid $14,747 in total loan costs on a median $455,000 loan — lender fees, required third-party services and the 1.75% upfront mortgage insurance premium, per the Closing Disclosure.
That figure excludes recording taxes, prepaid interest and insurance, escrow deposits and the down payment.
Which banks offer MassHousing loans?
Only MassHousing-approved lenders. Its list has 77 lender partners and 11 broker partners, including many Massachusetts savings and co-operative banks.
Among the state’s busiest mortgage lenders, Leader Bank, Eastern Bank, Rockland Trust, Cape Cod Five Cents Savings Bank and Salem Five Cents Savings Bank are on it (Salem Five through its mortgage company). Citizens, Bank of America and Rocket Mortgage are not.
What does the lender’s attorney owe me in a Massachusetts home purchase?
A title certification. For a purchase-money first mortgage on a 1–4 family home you will occupy, the attorney acting for the lender must certify title to you as well as to the lender, after a title search of at least 50 years (G.L. c. 93, § 70). The certification protects you as long as you own the home.
Rankings are editorial and independent, built from public federal data — no lender pays to be listed. This is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
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