Metro area · MA
Lenders in Worcester, MA
88 lenders made 405 multifamily loans in the Worcester, MA metro area in 2024 and 2025, $1.4B in all. Webster First Credit Union made the most, with 52. The typical loan was about $820K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 88
- HMDA,
- Multifamily loans, 2024-25
- 405
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $1.36B
- HMDA,
- Typical loan
- $820K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Worcester, MA, https://lender.report/lenders-in/worcester-ma/, data as of December 31, 2025.
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This page lists who has made multifamily loans here. Loan Comps shows who has made a loan like yours, with the loans to prove it.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| Webster First Credit Union multifamily record | Credit union | Worcester, MA | 52 | $60.4M | 26 | 26 |
| GFA Credit Union multifamily record | Credit union | Gardner, MA | 28 | $24.3M | 13 | 15 |
| Cornerstone Bank multifamily record | Bank | Spencer, MA | 23 | $12.0M | 16 | 7 |
| Workers Credit Union multifamily record | Credit union | Littleton, MA | 15 | $39.3M | 11 | 4 |
| Rockland Trust Company multifamily record | Bank | Rockland, MA | 15 | $39.1M | 13 | 2 |
| Country Bank for Savings multifamily record | Savings | Ware, MA | 14 | $20.8M | 8 | 6 |
| The Lowell Five Cent Savings Bank multifamily record | Savings | Tewksbury, MA | 14 | $20.5M | 5 | 9 |
| Jeanne D'Arc Credit Union multifamily record | Credit union | Lowell, MA | 13 | $12.9M | 3 | 10 |
| Savers Co-operative Bank multifamily record | Savings | Southbridge, MA | 10 | $25.9M | 8 | 2 |
| Eastern Bank multifamily record | Bank | Boston, MA | 9 | $44.7M | 4 | 5 |
| Leader Bank, National Association multifamily record | Bank | Arlington, MA | 8 | $52.1M | 4 | 4 |
| Central One Credit Union multifamily record | Credit union | Shrewsbury, MA | 8 | $10.4M | 6 | 2 |
| Avidia Bank multifamily record | Savings | Hudson, MA | 8 | $10.3M | 6 | 2 |
| Webster Five Cents Savings Bank multifamily record | Savings | Webster, MA | 8 | $5.52M | 5 | 3 |
| Greenfield Savings Bank multifamily record | Savings | Greenfield, MA | 7 | $11.4M | 5 | 2 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Worcester County, MA | 403 | $1.22B | 87 |
A county is listed for a year only when the public file holds 5 or more multifamily loans there that year.
| Loan size | Loans |
|---|---|
| Under $1M | 241 |
| $1M to $2.5M | 87 |
| $2.5M to $5M | 27 |
| $5M to $10M | 27 |
| $10M or more | 23 |
- Lenders made 405 multifamily loans totaling $1.4B in Worcester, MA in 2024 and 2025. HMDA,
- 18 of these loans were made by lenders that have since merged or closed. They are counted in the totals here and appear in no lender's row. HMDA,
- 231 of the loans were made in 2025 and 174 in 2024. HMDA,
- The typical loan in Worcester, MA was about $820K, with the middle half between $580K and $1.7M. HMDA,
- 241 of the loans were under $1M, and 50 were $5M or more. HMDA,
- Lenders reported a median rate of 6.75% on 248 loans in Worcester, MA, with the middle half between 6.41% and 7.00%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 71%. HMDA,
- 30% of the loans were refinancings and 59% were purchases. HMDA,
- Banks and savings institutions made 201 of the loans, credit unions 154, and non-banks 32. HMDA,
- The five most active lenders made 32.8% of the loans. HMDA,
- The three most active lenders were Webster First Credit Union with 52, GFA Credit Union with 28, and Cornerstone Bank with 23. HMDA,
- 56 of the 88 lenders are based in Massachusetts. The rest are based elsewhere, most often in California, New York and Maine. HMDA,
- The most common property size was 5 to 24 units, with 336 loans. HMDA,
- 1 county in the metro area has loans on record, and Worcester County, MA has the most, with 403. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Worcester, MA metro area
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the metro area, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans there.
- Order
- Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new loans today.
- What they charge or require beyond the rate and term that HMDA reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count.
HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date.
Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.