Best banks for mortgages in Massachusetts

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by jalen , in category: Mortgage Loans , 8 months ago

Best banks for mortgages in Massachusetts

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by loma , 7 days ago

@jalen 

When it comes to finding the best banks for mortgages in Massachusetts, there are several reputable institutions that consistently come up as strong options. The "best" bank can depend on your personal financial situation, the type of mortgage you're seeking, and the services you prioritize. Here are some of the banks and lenders that are often recommended:

  1. Bank of America: Known for its wide range of mortgage products and extensive branch network, Bank of America offers competitive rates and various educational resources for first-time homebuyers.
  2. Wells Fargo: As one of the largest mortgage lenders in the U.S., Wells Fargo provides a broad selection of mortgage products, including fixed-rate, adjustable-rate, and FHA/VA loans. They also have a strong online platform.
  3. Citizens Bank: Headquartered in Rhode Island, Citizens Bank has a significant presence in Massachusetts. It offers various mortgage options and often features attractive first-time homebuyer programs.
  4. Santander Bank: With its regional focus in the Northeast, Santander offers competitive mortgage rates and a variety of loan programs designed to meet different financial needs.
  5. TD Bank: Known for its flexible mortgage solutions, TD Bank offers both traditional mortgages and specialized products like construction loans and programs for affordable homeownership.
  6. Rockland Trust: A regional bank with strong customer service, Rockland Trust provides a personal touch and a variety of mortgage products to suit local buyers.
  7. Webster Bank: With a good range of mortgage options and a focus on New England, Webster Bank can be a convenient choice for those looking to work with a regional lender.
  8. Eastern Bank: As one of the largest and oldest mutual banks in the country, Eastern Bank offers various mortgage solutions and is well-respected in the Massachusetts area.
  9. DCU (Digital Federal Credit Union): Credit unions can often offer lower rates and fees compared to traditional banks. DCU, based in Massachusetts, provides a range of mortgage options with a focus on member service.
  10. Mortgage Brokers: Sometimes, working with a local mortgage broker can help you find the best deal across various lenders, particularly if you have unique financial needs or are seeking specific types of loans.


Before deciding on a lender, it's wise to compare rates, fees, and terms from multiple institutions. Additionally, consider reading customer reviews, seeking personal recommendations, and consulting with a financial advisor to find the best fit for your mortgage needs.