Commonwealth Mortgage

Specialties

We will pay you $ 500.00 if you can find a better deal somewhere else! View our guaranteed rates and costs online. Commonwealth Mortgage, LLC is a direct mortgage lender located in Woburn, MA. We offer conforming and non-​conforming loans as wells as MassHousing and FHA mortgages. You can choose fixed or adjustable rate mortgages for the lowest rates. As a direct lender, we fund our own mortgages and close loans in our own name. There is no middle-​man involved and you will have the comfort knowing that your underwriting decision is not being outsourced but rather provided right here at our office. There are no underwriting or processing fees and most of our customers choose our no-​cost closing option. Best of all, we are so confident that our rates and costs are the lowest in the industry that we will pay you $ 500 if you can find a better deal somewhere else. View our rates online — you’ll be glad you did!

History

Established in 2000.

Commonwealth Mortgage, LLC is a direct lender, also known as a mortgage banker. As such, we make loans with our own funds and close loans in our name.

Our goal is to provide the lowest rates and costs in the industry with a no closing cost option. Since Commonwealth Mortgage, LLC is a mortgage lender, you are able to go direct and avoid costly fees such as underwriting and processing fees. You will have comfort knowing there is no middle-​man involved and that we are approving and funding our mortgages right here at our Woburn office.

Our affiliated law office provides legal services and title insurance for Commonwealth Mortgage, LLC which is a significant factor in our ability to provide zero cost closings for you.

With our in-​house approval process and affiliated law office, we have a streamlined process from your initial phone call to your loan closing.

Our customers are amazed at our low rates, low costs, professional staff and timely closings which is why Commonwealth Mortg

Meet the Business Owner

Michael J.

Business Owner

Commonwealth Mortgage, LLC is owned by an attorney who has a spotless record for regulatory compliance. Commonwealth has been in business since 2000 and has never been required to reimburse a customer for an overcharge largely to our own honest policing of employees and closing costs. We have had tens of thousands of customers with many returning which says a lot about what people think of us. We employ the #1 ranking loan officer in MA for the number of loans closed, Julie Long, according to the Warren Group and Banker & Tradesman. Julie is also #1 in the nation for female loan officers for units close according to the Scotsman Guide Media. We will fund nearly ½ billion dollars in residential mortgages in 2015 and our large closing volume also speaks to how happy our customers are. Banker & Tradesman has named Commonwealth to its Lender Fast 50 list three years in a row (2011 – 2014) for being amongst the fastest growing lenders. In addition, we have a A+ rating at the BBB!