What loan types does Needham Bank offer?

Needham Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does Needham Bank offer mortgages?

Needham Bank offers mortgages in 5 states: CT, FL, MA, ME, NH.

How competitive are Needham Bank's mortgage rates?

Needham Bank has an overall pricing score of 87.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Needham Bank?

Needham Bank is a Bank headquartered in Needham, MA.

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Needham Bank

Bank•Needham, MAHQ•Direct•Reviews near you on Google

Needham Bank has 164 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Exceptional

5/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Strong

4/5

Conventional · Jumbo

Place

Strong

4/5

Regional · 3 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees

Explore another lender or local market

Report Card

Needham Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

+1.6 bps above market avg

5/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

115 loans · 0.04% above market

Acceptable

Bottom 40% of lenders

2/5

Jumbo

49 loans · 0.14% below market

Strong

Top 40% of lenders

4/5

By Loan Purpose· Transaction purpose mix

Purchase

134 loans · 0.01% above market

Sound

Top 60% of lenders

3/5

Refinance

30 loans · 0.03% above market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Regional · 3 markets

Strong

Top 40% of lenders

4/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Acceptable	Exceptional	Acceptable	115	70.1%	+0.037%Above	$231Credit
Jumbo Loans	Strong	Strong	—	Sound	49	29.9%	-0.136%Below	$307Credit

Conventional

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Acceptable

Volume115

Mix70.1%

Spread

+0.037%Above

Fees

$231Credit

Jumbo Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Sound

Volume49

Mix29.9%

Spread

-0.136%Below

Fees

$307Credit

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Exceptional	Acceptable	134	81.7%	+0.014%Above	$234Credit
Refinance	Sound	Sound	—	Sound	30	18.3%	+0.027%Above	$296Credit

Purchase

Overall

Sound

Product

Sound

Pricing

Exceptional

Pull Through

Acceptable

Volume134

Mix81.7%

Spread

+0.014%Above

Fees

$234Credit

Refinance

Overall

Sound

Product

Sound

Pricing—

Pull Through

Sound

Volume30

Mix18.3%

Spread

+0.027%Above

Fees

$296Credit

At a Glance

Lender Overview

Lending Activity

Loans Originated

164

Applications

246

Volume

$126 million

Pricing & Closing

Avg Rate Spread

+0.016%

vs. market APOR

Avg Net Fees

$-240

Origination − Credits

Pullthrough Rate

66.7%

Applications → Closed

Typical Borrower

Avg Loan Amount

$773,720

Avg Borrower Income

$326,482

Avg Property Value

$1,205,915

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

5Full-year 2024 · HMDA

Loans originated

All statesNone

Northeast4

CTMEMANH

South1

Top Metro Areas by Place Specialization Score

Boston, MAMetro

Volume 86Mix 52.44% of portfolio

74/100

Strong

Cambridge, MAMetro

Volume 50Mix 30.49% of portfolio

65/100

Strong

Worcester, MAMetro

Volume 10Mix 6.10% of portfolio

45/100

Sound

Top States by Place Specialization Score

MassachusettsState

Volume 158Mix 96.34% of portfolio

74/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.