Leader Bank Mortgage Rates, Fees & Info
Arlington, MALEI: 549300FK3AFCFVAPH234
Tax ID: 04-3557920
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Leader Bank is a mid-sized bank specializing in Home Purchase and Refi loans. Leader Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Worcester, Providence, Barnstable Town, and Bridgeport among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Leader Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Leader Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.18% | 12/16/24 |
30 Year Conventional Purchase | 6.12% | 12/16/24 |
30 Year Conventional Refi | 6.24% | 12/16/24 |
30 Year Cash-out Refi | 6.41% | 12/16/24 |
30 Year FHA Purchase | 6.81% | 12/16/24 |
30 Year FHA Refi | 6.27% | 12/16/24 |
30 Year VA Purchase | 5.95% | 12/16/24 |
30 Year VA Refi | 5.62% | 12/16/24 |
15 Year Conventional Purchase | 5.30% | 12/16/24 |
15 Year Conventional Refi | 5.78% | 12/16/24 |
15 Year Cash-out Refi | 5.78% | 12/16/24 |
15 Year FHA Purchase | 5.68% | 12/16/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Leader Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Leader Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,847Origination Dollar Volume (All Markets)
$3,010,425,000Employee count
243 Show all (16) awardsLeader Bank - 2019
Leader Bank is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for Leader Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5,515 | $2,549,685,000 | $462,318 | $3,606 | 3.93% |
WORCESTER, MA-CT (FHA|USDA|VA) | 360 | $122,700,000 | $340,833 | $3,333 | 3.96% |
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 268 | $89,440,000 | $333,731 | $3,699 | 3.98% |
BARNSTABLE TOWN, MA (FHA|USDA|VA) | 162 | $62,420,000 | $385,309 | $3,376 | 3.89% |
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 59 | $35,375,000 | $599,576 | $4,977 | 3.78% |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 118 | $32,590,000 | $276,186 | $3,902 | 3.81% |
MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 64 | $19,080,000 | $298,125 | $3,226 | 3.90% |
Outside of Metro Areas | 41 | $13,755,000 | $335,488 | $3,138 | 3.81% |
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 29 | $11,455,000 | $395,000 | $3,289 | 3.96% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $6,905,000 | $460,333 | $4,969 | 4.10% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 17 | $5,995,000 | $352,647 | $4,259 | 3.85% |
SPRINGFIELD, MA (FHA|USDA|VA) | 25 | $5,625,000 | $225,000 | $3,139 | 4.10% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $5,065,000 | $389,615 | $4,244 | 4.05% |
Lebanon, NH-VT (FHA|USDA|VA) | 20 | $4,460,000 | $223,000 | $3,128 | 3.83% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $3,305,000 | $367,222 | $4,651 | 3.83% |
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 11 | $3,175,000 | $288,636 | $3,326 | 3.70% |
NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 7 | $2,915,000 | $416,429 | $3,684 | 3.96% |
Concord, NH (FHA|USDA|VA) | 9 | $2,735,000 | $303,889 | $2,912 | 3.71% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $2,285,000 | $761,667 | $7,243 | 3.83% |
Laconia, NH (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $3,347 | 3.79% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $4,969 | 3.56% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,660,000 | $276,667 | $4,397 | 4.13% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $3,918 | 3.75% |
Keene, NH (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $3,264 | 4.19% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $3,701 | 3.90% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $3,351 | 3.96% |
Vineyard Haven, MA (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $4,893 | 3.81% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $4,712 | 3.44% |
PITTSFIELD, MA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $3,269 | 4.09% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $3,686 | 4.04% |
Torrington, CT (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,175 | 4.00% |
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $3,616 | 3.75% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,943 | 4.19% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,134 | 4.54% |
THE VILLAGES, FL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $5,219 | 4.00% |
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,328 | 4.00% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,076 | 3.88% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $6,088 | 3.25% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,865 | 3.54% |
GLENS FALLS, NY (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,602 | 3.13% |
BOULDER, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $8,831 | 4.00% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $8,117 | 4.00% |
JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $6,080 | 4.00% |
Barre, VT (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,317 | 3.69% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $6,076 | 3.63% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,321 | 3.88% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,563 | 3.88% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,478 | 3.69% |
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,968 | 4.00% |
Edwards, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,971 | 3.63% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 4.13% |
FORT COLLINS, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,981 | 3.88% |
Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,363 | 3.38% |
CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,646 | 3.50% |
TUCSON, AZ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,773 | 3.88% |
LANCASTER, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,300 | 3.38% |
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,607 | 4.63% |
ROCHESTER, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,890 | 4.13% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,474 | 3.50% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,176 | 3.38% |
ASHEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,821 | 3.63% |
FLORENCE, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,760 | 4.63% |
Breckenridge, CO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,821 | 3.63% |
Berlin, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,990 | 3.50% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,328 | 4.50% |
PITTSBURGH, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,622 | 4.50% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,680 | 4.63% |
Greeneville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,024 | 4.13% |
TULSA, OK (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,096 | 4.13% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,191 | 3.50% |
LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,852 | 4.25% |
Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,653 | 3.63% |
Bennington, VT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,717 | 4.88% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against Leader Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 26
Similarity Rank: 56
Similarity Rank: 70
Similarity Rank: 80
Similarity Rank: 96
Similarity Rank: 104
Similarity Rank: 115
Similarity Rank: 115
Similarity Rank: 116
Similarity Rank: 124
Product Mix
For 2019, Leader Bank's most frequently originated type of loan was Conventional, with 6,347 originations. Their 2nd most popular type was HELOC, with 295 originations.
Loan Reason
For 2019, Leader Bank's most frequently cited loan purpose was Home Purchase, with 3,602 originations. The 2nd most popular reason was Refi, with 2,257 originations.
Loan Duration/Length
For 2019, Leader Bank's most frequently cited loan duration was 30 Year, with 5,788 originations. The 2nd most popular length was 15 Year, with 464 originations.
Origination Fees/Closing Costs
Leader Bank's average total fees were $3,676, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,315 originations.
Interest Rates
During 2019, Leader Bank's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 4,889 originations.
Loan Sizing
2019 saw Leader Bank place emphasis on $200k-400k loans with 2,714 originations, totaling $851,400,000 in origination value.
Applicant Income
Leader Bank lent most frequently to those with incomes in the $150k-250k range, with 2,154 originations. The second most popular income band? $100k-150k, with 1,935 originations.
Applicant Debt to Income Ratio
Leader Bank lent most frequently to those with DTI ratios of 20-30%, with 1,871 originations. The next most common DTI ratio? 30-36%, with 1,575 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.01%
Leader Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.26%
Leader Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 6,847 | $3,010,425,000 | $439,671 |
Occupancy Type Mix
LTV Distribution
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Leader Bank, National Association | 1201 Massachusetts Avenue Arlington, MA 2476 | Full Service B&M | $98,183 |
Leader Bank, National Association | 141 Massachusetts Avenue Arlington, MA 2476 | Full Service B&M | $336,318 |
Leader Bank, National Association | 363 Pleasant St Belmont, MA 2478 | Full Service B&M | $205,785 |
Leader Bank, National Association | 4 Hill Road Belmont, MA 2478 | Full Service B&M | $0 |
Leader Bank, National Association | 449 Massachusetts Avenue Arlington, MA 2474 | Full Service B&M | $63,751 |
Leader Bank, National Association | 48 Northern Avenue Boston, MA 2210 | Full Service Retail | $170,145 |
Leader Bank, National Association | 50 Mall Rd Burlington, MA 1803 | Full Service B&M | $112,925 |
Leader Bank, National Association | 675 Massachusetts Avenue Cambridge, MA 2139 | Full Service B&M | $175,151 |
For 2019, Leader Bank had 8 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $65,285 |
Net interest income | $44,827 |
Total noninterest income | $31,537 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $422 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $31,115 |
Pre-tax net operating income | $37,856 |
Securities gains (or losses, -) | $1,339 |
Income before extraordinary items | $28,935 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $28,935 |
Minority interest net income | $0 |
Net income | $28,935 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $27,877 |
Leader Bank's gross interest income from loans was $65,285,000.
Leader Bank's net interest income from loans was $44,827,000.
Leader Bank's fee based income from loans was $422,000.
Leader Bank's net income from loans was $28,935,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $20,458 |
Provision for credit losses | $2,637 |
Total noninterest expense | $35,871 |
Salaries and employee benefits | $24,246 |
Premises and equipment expense | $4,100 |
Additional noninterest expense | $7,525 |
Applicable income taxes | $10,260 |
Net charge-offs | $681 |
Cash dividends | $4,800 |
Leader Bank's interest expense for loans was $20,458,000.
Leader Bank's payroll and benefits expense were $24,246,000.
Leader Bank's property, plant and equipment expenses $4,100,000.
Loan Performance
Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
---|---|
All loans | 0.0% |
Real Estate loans | 0.0% |
Construction & Land Development loans | 0.0% |
Nonfarm, nonresidential loans | 0.0% |
Multifamily residential loans | 0.0% |
1-4 family residential loans | 0.0% |
HELOC loans | 0.0% |
All other family | 0.0% |
Commercial & industrial loans | 15.0% |
Personal loans | 0.0% |
Credit card loans | 0.0% |
Other individual loans | 0.0% |
Auto loans | 0.0% |
Other consumer loans | 0.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $1,184,013 |
Deposits held in domestic offices | $1,184,013 |
Deposits by Individuals, partnerships, and corporations | $1,033,465 |
Deposits by U.S. Government | $95 |
Deposits by States and political subdivisions in the U.S. | $140,708 |
Deposits by Commercial banks and other depository institutions in U.S. | $9,745 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $348,783 |
Demand deposits | $241,668 |
Nontransaction accounts | $835,230 |
Money market deposit accounts (MMDAs) | $342,708 |
Other savings deposits (excluding MMDAs) | $167,170 |
Total time deposits | $325,352 |
Total time and savings deposits | $942,345 |
Noninterest-bearing deposits | $348,783 |
Interest-bearing deposits | $835,230 |
Retail deposits | $1,003,953 |
IRAs and Keogh plan accounts | $15,162 |
Brokered deposits | $58,262 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $1,583,299 |
Cash & Balances due from depository institutions | $53,600 |
Interest-bearing balances | $41,975 |
Total securities | $71,483 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $1,410,869 |
Loan and leases loss allowance | $11,616 |
Trading account assets | $0 |
Bank premises and fixed assets | $15,801 |
Other real estate owned | $0 |
Goodwill and other intangibles | $3,333 |
All other assets | $28,213 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $1,583,299 |
Total Liabilities | $1,402,895 |
Total deposits | $1,184,013 |
Interest-bearing deposits | $835,230 |
Deposits held in domestic offices | $1,184,013 |
% insured (estimated) | $55 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $206,709 |
Subordinated debt | $0 |
All other liabilities | $12,173 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $1,410,869 |
Loan and leases loss allowance | $11,616 |
Total loans and leases (domestic) | $1,422,485 |
All real estate loans | $1,399,845 |
Real estate loans in domestic offices | $1,399,845 |
Construction and development loans | $38,892 |
Residential 1-4 family construction | $18,198 |
Other construction, all land development and other land | $20,694 |
Loans secured by nonfarm nonresidential properties | $376,999 |
Nonfarm nonresidential secured by owner-occupied properties | $91,961 |
Commercial real estate & other non-farm, non-residential | $285,038 |
Multifamily residential real estate | $187,787 |
1-4 family residential loans | $796,167 |
Farmland loans | $0 |
Loans held in foreign offices | $0 |
Farm loans | $0 |
Commercial and industrial loans | $22,276 |
To non-U.S. addressees | $0 |
Loans to individuals | $319 |
Credit card loans | $0 |
Related Plans | $3 |
Consumer Auto Loans | $20 |
Other loans to individuals | $296 |
All other loans & leases | $45 |
Loans to foreign governments and official institutions | $0 |
Other loans | $45 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $0 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $4,255 |
Non 1-4 family restructured loans & leases | $3,597 |
Total loans and leases (foreign) | $0 |
Leader Bank had $1,410,869,000 of loans outstanding in 2019. $1,399,845,000 of loans were in real estate loans. $38,892,000 of loans were in development loans. $187,787,000 of loans were in multifamily mortgage loans. $796,167,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $20,000 of loans were in the auto loan category.
Small Business Loans
Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
---|---|---|---|
Nonfarm, nonresidential loans - <$1MM | 245 | $89,048 | $363,461 |
Nonfarm, nonresidential loans - <$100k | 12 | $802 | $66,833 |
Nonfarm, nonresidential loans - $100-250k | 57 | $8,486 | $148,877 |
Nonfarm, nonresidential loans - $250k-1MM | 176 | $79,760 | $453,182 |
Commercial & Industrial, US addressed loans - <$1MM | 375 | $20,180 | $53,813 |
Commercial & Industrial, US addressed loans - <$100k | 228 | $2,844 | $12,474 |
Commercial & Industrial, US addressed loans - $100-250k | 86 | $4,449 | $51,733 |
Commercial & Industrial, US addressed loans - $250k-1MM | 61 | $12,887 | $211,262 |