Mortgage lending in Springfield, MA

9,026 mortgages were originated in the Springfield, MA area in 2025, and here is what they cost.

Loans originated

9,026

Median rate

6.536%

Median lender fees

$5,248

The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.

Median loan amount

$225,000

Above the going rate (spread over APOR)

0.280

Paid discount points

30.9%

Received lender credits

19.8%

Purchases / refinances

50.6% / 28.3%

Conventional / FHA / VA

78.2% / 14.9% / 5.4%

Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 64.4% of loans here — see methodology.

Who lent here

Lenders with at least 50 loans in the Springfield, MA area, ranked by volume.