Applications / Mortgage Analytics / Lenders / Massachusetts / Westfield Bank
Westfield, MA · Savings institution · OCC · $2.7 billion assets · 875 loans in 2025
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875
loans originated, 2025
1,124
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Westfield Bank, a Massachusetts savings institution, led the Springfield market in 2025 with 5.9% of lending, and its originations rose 13% to 875.
It ranked 1 of 322 lenders in Springfield, where it has lent since 1992, ahead of United Wholesale Mortgage and CMG Mortgage; its share was 5.9%, against 6.0% a year before. In Amherst Town-Northampton it ranked 12 of 199, and its share rose 0.8 points to 2.7%.
Originations rose 13%, against 5% at similar lenders (savings institutions making between half and twice as many loans) and 10% for the whole market, higher than about two-thirds of peers. Its typical loan, $175,000, was smaller than at about two-thirds of peers, against $230,000, so its dollar volume, $191.4 million, was lower than theirs.
All its loans were conventional. None was higher-priced (a rate well above the average for similar loans), against 0.6% at peers, and its typical rate, 6.25%, was lower than at nearly nine in ten peers, against 6.75%. Its denial rate on first-lien home-purchase applications for owner-occupied homes was 0.6%, against 5.4%.
LMI (low- and moderate-income) borrowers took 29.8% of its loans, against 24.3% at peers, higher than about seven in ten. LMI areas took 9.3%, against 15.0%, among the lowest tenth; possible reasons are how many such areas its markets hold and where in them it lends.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Westfield Bank took 1,124 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 38.6% · Home improvement 22.2% · Refinance 21.8% · Other 17.4%
Conventional 100.0% · of 875 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 744 | 85.0% |
| Connecticut | 123 | 14.1% |
| Vermont | 3 | 0.3% |
| Florida | 2 | 0.2% |
| New Hampshire | 2 | 0.2% |
| South Carolina | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Springfield | 636 |
| Hartford-West Hartford-East Hartford | 113 |
| Amherst Town-Northampton | 86 |
| Worcester | 10 |
| Pittsfield | 4 |
| Cambridge-Newton-Framingham | 3 |
| Boston | 2 |
| Bridgeport-Stamford-Danbury | 2 |
| New Haven | 2 |
| Barnstable Town | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300KV83NH6PNL5E48 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 892205 | 2005–2023 |
| Respondent ID (the HMDA filer code before 2018) | 390300 | 1992–2003 |
| Respondent ID (the HMDA filer code before 2018) | 417968 | 2004–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1717968 | 2011–2017 |
Established 15 April 1853. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Westfield Bank's data.
Westfield Bank's data
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