The median interest rate borrowers actually received on originated loans, not the advertised rate. Product mix matters: a VA-heavy lender will look cheaper than a jumbo specialist.
| # | Lender | Grade | Median rate | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Align Credit UnionLowell, | B | 5.49% | 388 | 18.3% | 5.49% |
| 2 | Charles Schwab BankWestlake, TX | A | 5.50% | 179 | 4.5% | 5.50% |
| 3 | Berkshire BankPittsfield, MA | B | 5.50% | 801 | 18.4% | 5.50% |
| 4 | United Nations Federal Credit UnionNew York, NY | B | 5.63% | 211 | 5.2% | 5.63% |
| 5 | Members Mortgage CompanyStoneham, MA | B | 5.63% | 236 | 5.5% | 5.63% |
| 6 | CitibankSioux Falls, SD | B | 5.69% | 369 | 13.0% | 5.69% |
| 7 | First-Citizens Bank & TrustRaleigh, NC | B | 5.75% | 282 | 9.6% | 5.75% |
| 8 | Morgan Stanley Private BankNew York, NY | A | 5.83% | 556 | 2.2% | 5.83% |
| 9 | UBS Bank USASalt Lake City, UT | A | 5.88% | 154 | 4.6% | 5.88% |
| 10 | Liberty BankMiddletown, CT | A | 5.88% | 341 | 5.9% | 5.88% |
| 11 | Manufacturers and Traders TrustBuffalo, NY | C | 5.88% | 2,606 | 24.3% | 5.88% |
| 12 | Fidelity Co-operative BankLeominster, MA | A | 5.99% | 512 | 17.4% | 5.99% |
| 13 | Florence BankFlorence, MA | B | 5.99% | 709 | 11.0% | 5.99% |
| 14 | Salem Five Cents Savings BankSalem, MA | A | 5.99% | 1,448 | 14.4% | 5.99% |
| 15 | Bank of AmericaCharlotte, NC | F | 5.99% | 7,784 | 30.1% | 5.99% |
| 16 | LENOX FINANCIAL MORTGAGE CORPORATION, Sage Home LoansFort Mill, SC | B | 6.00% | 327 | 7.7% | 6.00% |
| 17 | SHARON & CRESCENT UNITED Credit UnionSharon, | B | 6.00% | 498 | 11.7% | 6.00% |
| 18 | PHH MortgageMount Laurel, NJ | C | 6.00% | 503 | 6.8% | 6.00% |
| 19 | NBKC BankKansas, MO | B | 6.13% | 249 | 11.7% | 6.13% |
| 20 | Nations Direct MortgageHenderson, NV | B | 6.13% | 385 | 4.9% | 6.13% |
| 21 | Bristol County Savings BankTaunton, MA | B | 6.13% | 525 | 7.8% | 6.13% |
| 22 | Wells Fargo BankCharlotte, NC | B | 6.13% | 540 | 13.9% | 6.13% |
| 23 | Mortgage Research CenterColumbia, MO | C | 6.13% | 1,481 | 20.1% | 6.13% |
| 24 | bankESBEasthampton, MA | A | 6.13% | 1,770 | 7.5% | 6.13% |
| 25 | Somerset Federal Credit UnionSomerset, MA | C | 6.25% | 254 | 9.1% | 6.25% |
| 26 | USAA Federal Savings BankPhoenix, AZ | C | 6.25% | 280 | 25.4% | 6.25% |
| 27 | Union Home MortgageStrongsville, OH | B | 6.25% | 338 | 9.5% | 6.25% |
| 28 | Greenfield Savings BankGreenfield, MA | B | 6.25% | 570 | 7.2% | 6.25% |
| 29 | Institution for Savings in Newburyport and Its VicinityNewburyport, MA | B | 6.25% | 610 | 8.7% | 6.25% |
| 30 | PeoplesBankHolyoke, MA | C | 6.25% | 823 | 12.3% | 6.25% |
| 31 | PNC BankWilmington, DE | D | 6.25% | 846 | 28.7% | 6.25% |
| 32 | Mutual of Omaha MortgageSan Diego, CA | C | 6.25% | 1,076 | 19.0% | 6.25% |
| 33 | Lakeview Loan ServicingCoral Gables, FL | C | 6.25% | 1,242 | 45.7% | 6.25% |
| 34 | Salem Five Mortgage CompanySalem, MA | A | 6.25% | 1,525 | 9.1% | 6.25% |
| 35 | Freedom MortgageBoca Raton, FL | B | 6.25% | 2,209 | 9.3% | 6.25% |
| 36 | Leader BankArlington, MA | A | 6.25% | 5,913 | 1.8% | 6.25% |
| 37 | Mld MortgageFlorham Park, NJ | A | 6.38% | 185 | 4.9% | 6.38% |
| 38 | General Mortgage CapitalBurlingame, CA | A | 6.38% | 357 | 1.7% | 6.38% |
| 39 | Dedham Institution for SavingsDedham, MA | A | 6.38% | 359 | 3.9% | 6.38% |
| 40 | Colorado Federal Savings BankGreenwood Village, CO | A | 6.38% | 362 | 5.3% | 6.38% |
| 41 | Polish National Credit UnionChicopee, MA | B | 6.38% | 441 | 8.2% | 6.38% |
| 42 | Msa MortgageWinthrop, MA | B | 6.38% | 550 | 10.6% | 6.38% |
| 43 | Westfield BankWestfield, MA | B | 6.38% | 940 | 6.7% | 6.38% |
| 44 | Harborone MortgageBrockton, MA | B | 6.38% | 950 | 9.3% | 6.38% |
| 45 | Webster BankStamford, CT | C | 6.38% | 975 | 19.1% | 6.38% |
| 46 | Greylock Federal Credit UnionPittsfield, MA | C | 6.38% | 1,305 | 10.9% | 6.38% |
| 47 | Workers Federal Credit UnionLittleton, MA | B | 6.38% | 1,638 | 11.1% | 6.38% |
| 48 | JPMorgan Chase BankColumbus, OH | B | 6.38% | 2,022 | 9.7% | 6.38% |
| 49 | Homestead FundingAlbany, NY | A | 6.49% | 176 | 1.7% | 6.49% |
| 50 | Keystone FundingDover, DE | A | 6.49% | 219 | 4.6% | 6.49% |
Ordered by the median interest rate on originated loans, among lenders reporting rates on at least 100 loans. Some banks are exempt from HMDA pricing fields and cannot appear. All figures come from the lenders' own HMDA filings. Full methodology.
