Purchase Originations
317
Median Total Costs
$4,488
−32.8% vs national ($6,680)
↑ $124 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↑ 0.125% vs prior year
Median Origination
$1,325
Median Lender Credits
$500
Denial Rate
0.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 317 | 6.375% | $4,488 | $1,325 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 277 | 6.375% | $4,523 | #43 |
| Connecticut | 39 | 6.375% | $4,343 | — |
| New Hampshire | 1 | 6.375% | $4,131 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,804 | 6.500% | — | 1 | −$2,684 | |
| 2 | $2,853 | 6.000% | — | 1 | −$1,635 | |
| 3 | $3,305 | 6.500% | — | 1 | −$1,183 | |
| 4 | $4,131 | 6.375% | — | 1 | −$357 | |
| 5 | $4,202 | 6.375% | — | 6 | −$286 | |
| 6 | $4,432 | 6.375% | — | 36 | −$56 | |
| 7 | $4,456 | 6.500% | — | 25 | −$32 | |
| 8 | $4,500 | 6.375% | — | 238 | +$12 | |
| 9 | $4,744 | 6.125% | — | 3 | +$256 | |
| 10 | $4,918 | 6.625% | — | 1 | +$430 | |
| 11 | $6,377 | 6.125% | — | 2 | +$1,889 | |
| 12 | $6,770 | 6.375% | — | 2 | +$2,282 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Westfield Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $305,000 | $335,000 | −$30,000 (−9.0%) |
| Median total closing costs | $4,488 | $7,127 | −$2,639 (−37.0%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.