Best Mortgage Lenders in Massachusetts 2026: Top 10 Ranked
Massachusetts's median home price is $575,000 — one of the highest in the US. Greater Boston averages $700K+, making jumbo loans essential. We ranked 10 MA mortgage lenders by rates, fees, jumbo options, and MassHousing first-time buyer programs. Rates from 6.09%. Compare in 60 seconds.
Massachusetts Mortgage Quick Facts (August 2026)
Top 10 Massachusetts Mortgage Lenders Compared
| # | Lender | Rate | Fees | Min Credit | Close Time | Best For | MA Presence |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 6.09% | $1,200 | 620 | 21 days | Best overall — fastest close, fully digital | All 14 MA counties |
| 2 | Wells Fargo | 6.15% | $1,000 | 620 | 30 days | Best for jumbo loans up to $3M (Boston) | 60+ MA branches |
| 3 | Citizens Bank | 6.18% | $1,000 | 620 | 30 days | Strong local MA bank, HQ in Providence | 120+ MA branches |
| 4 | Better.com | 6.12% | $0 | 620 | 23 days | Lowest cost — $0 lender fees | Online only |
| 5 | MassHousing Lenders (TD Bank) | 6.25% | $900 | 640 | 35 days | Best for first-time buyers (DPA up to $50K) | MassHousing-approved |
| 6 | Veterans United | 5.25% | $0 | 620 | 30 days | Best for VA loans ($0 down) | Online + MA offices |
| 7 | loanDepot | 6.20% | $1,000 | 620 | 25 days | Wide loan variety, strong refinance | 15+ MA loan officers |
| 8 | Bank of America | 6.22% | $1,000 | 620 | 30 days | Good jumbo rates for Boston buyers | 70+ MA branches |
| 9 | Guaranteed Rate | 6.15% | $800 | 580 | 25 days | Best for FHA (580 credit accepted) | 10+ MA loan officers |
| 10 | Eastern Bank | 6.20% | $950 | 620 | 30 days | Best local MA bank, strong community focus | HQ in Boston, 40+ branches |
Rates as of August 3, 2026. 30-year fixed. Actual rates vary by credit score, LTV, and county.
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Get My MA Lender Quotes →MassHousing First-Time Buyer Programs in Massachusetts
MassHousing offers some of the most generous DPA programs in the US — up to $50,000 in targeted communities including Boston.
MassHousing DPA (Targeted)
Up to $50,000 DPA in Boston and 26 targeted communities. 0% interest, deferred 30 years. Forgiven after 15 years.
- • Max purchase price: $806,500 (most areas)
- • Income limit: $81,000-$166,000 (varies by area)
- • Must be first-time buyer (or not owned in 3 years)
- • 640+ credit score required
MassHousing Mortgage (Statewide)
3% down conventional with DPA up to $15,000 statewide as a 0% interest second mortgage.
- • 3% down (DPA can cover part)
- • 640+ credit score
- • 43% max DTI
- • Available in all 14 MA counties
Greater Boston Jumbo Loans (Above $1.2M)
Greater Boston (Suffolk, Norfolk, Middlesex) has median home prices exceeding $700K. Jumbo loans are essential for many MA buyers.
| Lender | Max Jumbo | Rate | Min Down | Min Credit |
|---|---|---|---|---|
| Wells Fargo | $3,000,000 | 6.40% | 15% | 680 |
| Bank of America | $2,500,000 | 6.45% | 20% | 700 |
| Citizens Bank | $2,000,000 | 6.50% | 20% | 700 |
| Rocket Mortgage | $2,000,000 | 6.55% | 15% | 680 |
Massachusetts Conforming Loan Limits by County (2026)
| County | Conforming Limit | FHA Limit | VA Limit |
|---|---|---|---|
| Suffolk (Boston) | $1,209,750 | $1,149,825 | $1,209,750 |
| Norfolk | $1,209,750 | $1,149,825 | $1,209,750 |
| Middlesex (Cambridge) | $1,209,750 | $1,149,825 | $1,209,750 |
| Plymouth | $977,500 | $977,500 | $977,500 |
| Worcester | $806,500 | $806,500 | $806,500 |
| Hampden (Springfield) | $806,500 | $806,500 | $806,500 |
Limits as of 2026. Source: FHFA, HUD, VA. Greater Boston counties exceed standard limit.
Frequently Asked Questions
What are the best mortgage lenders in Massachusetts?
Rocket Mortgage (6.09%, best overall), Wells Fargo (best jumbo to $3M for Boston), Citizens Bank (strong local, 120+ MA branches), MassHousing lenders (first-time buyer DPA up to $50K), Veterans United (VA $0 down), Eastern Bank (best local Boston-based bank).
What is the Massachusetts conforming loan limit in 2026?
Standard: $806,500. Greater Boston (Suffolk, Norfolk, Middlesex): $1,209,750. Plymouth: $977,500. FHA: up to $1,149,825. VA: $1,209,750 (full entitlement). Above = jumbo loan.
Does Massachusetts have first-time home buyer programs?
Yes — MassHousing offers DPA up to $50K in Boston and 26 targeted communities, $15K DPA statewide, ONE Mortgage (below-market rates for low-income), and MCC. Income limits $81K-$166K. 640+ credit required.
How much down payment do I need to buy a house in Massachusetts?
Conventional: 3% down. FHA: 3.5% down. VA: 0% down. MassHousing: 3% + DPA up to $50K. On $575K median MA home: 20% = $115,000, 3.5% FHA = $20,125, MassHousing = potentially $0 out of pocket.
Are jumbo loans common in Greater Boston?
Yes — Boston metro median prices exceed $700K, many above $1.2M. Best jumbo lenders: Wells Fargo ($3M), BofA ($2.5M), Citizens ($2M), Rocket ($2M). Need 680+ credit, 15-20% down.
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