Leader Bank Mortgage Rates, Fees & Info
Arlington, MALEI: 549300FK3AFCFVAPH234
Tax ID: 04-3557920
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Mortgage Data
Review & Overview
Leader Bank is a small bank specializing in Home Purchase 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 Hartford among others. We have data for 90 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.18% | 4/22/24 |
| 30 Year Conventional Purchase | 6.12% | 4/22/24 |
| 30 Year Conventional Refi | 6.24% | 4/22/24 |
| 30 Year Cash-out Refi | 6.41% | 4/22/24 |
| 30 Year FHA Purchase | 6.81% | 4/22/24 |
| 30 Year FHA Refi | 6.27% | 4/22/24 |
| 30 Year VA Purchase | 5.95% | 4/22/24 |
| 30 Year VA Refi | 5.62% | 4/22/24 |
| 15 Year Conventional Purchase | 5.30% | 4/22/24 |
| 15 Year Conventional Refi | 5.78% | 4/22/24 |
| 15 Year Cash-out Refi | 5.78% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,161Origination Dollar Volume (All Markets)
$2,796,475,000Awards
Leader Bank - 2022
Leader Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 3,877 | $2,260,685,000 | $583,102 | $4,883 | 4.16% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 311 | $129,535,000 | $416,511 | $4,733 | 4.39% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 250 | $109,450,000 | $437,800 | $4,918 | 4.54% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 118 | $63,130,000 | $535,000 | $4,417 | 4.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 163 | $50,675,000 | $310,890 | $5,229 | 4.55% |
| Outside of Metro Areas | 45 | $20,125,000 | $447,222 | $5,175 | 4.99% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 42 | $14,690,000 | $349,762 | $4,840 | 4.59% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 19 | $13,645,000 | $718,158 | $7,509 | 4.37% |
| Lebanon, NH-VT (FHA|USDA|VA) | 27 | $11,245,000 | $416,481 | $4,910 | 4.47% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 26 | $9,490,000 | $365,000 | $4,323 | 4.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $8,590,000 | $536,875 | $6,595 | 4.87% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 12 | $7,150,000 | $595,833 | $5,569 | 3.70% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 25 | $6,885,000 | $275,400 | $5,389 | 4.68% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 9 | $5,535,000 | $615,000 | $6,403 | 4.23% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 16 | $5,490,000 | $343,125 | $5,104 | 5.05% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $4,505,000 | $4,505,000 | $54,326 | 4.24% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 15 | $4,205,000 | $280,333 | $5,033 | 4.26% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $3,875,000 | $430,556 | $3,834 | 4.94% |
| Laconia, NH (FHA|USDA|VA) | 10 | $3,840,000 | $384,000 | $4,499 | 4.96% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $3,615,000 | $401,667 | $4,484 | 4.43% |
| Torrington, CT (FHA|USDA|VA) | 12 | $3,170,000 | $264,167 | $4,626 | 5.07% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $3,140,000 | $785,000 | $4,000 | 5.16% |
| Vineyard Haven, MA (FHA|USDA|VA) | 2 | $2,870,000 | $1,435,000 | $10,483 | 3.50% |
| Concord, NH (FHA|USDA|VA) | 7 | $2,705,000 | $386,429 | $4,410 | 4.89% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $2,685,000 | $383,571 | $5,281 | 4.98% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $7,208 | 4.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,980,000 | $495,000 | $4,213 | 4.56% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,940,000 | $485,000 | $4,193 | 4.34% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,815,000 | $605,000 | $8,112 | 5.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $6,153 | 4.15% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,725,000 | $575,000 | $4,671 | 4.42% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $5,625 | 4.63% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $1,485,000 | $1,485,000 | $10,939 | 4.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,350,000 | $337,500 | $3,910 | 5.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $1,340,000 | $670,000 | $6,305 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $7,142 | 5.22% |
| Rutland, VT (FHA|USDA|VA) | 4 | $1,310,000 | $327,500 | $0 | 5.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $4,518 | 4.22% |
| Barre, VT (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $5,353 | 4.58% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $0 | 7.39% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $4,599 | 5.44% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $4,771 | 3.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $3,496 | 4.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $3,326 | 3.68% |
| PITTSFIELD, MA (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $5,584 | 3.79% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $3,941 | 5.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $5,398 | 5.63% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $4,284 | 4.63% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $10,030 | 4.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $4,610 | 4.50% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $6,833 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $5,981 | 4.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $11,657 | 4.58% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,571 | 5.46% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $6,094 | 3.50% |
| Keene, NH (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,715 | 4.88% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,903 | 4.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,512 | 4.69% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,941 | 5.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,019 | 5.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,118 | 4.25% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,807 | 6.13% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,381 | 3.13% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $10,155 | 3.88% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,659 | 5.19% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,155 | 6.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $4,739 | 4.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,608 | 6.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,546 | 5.13% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,870 | 4.75% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,299 | 3.99% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,925 | 4.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,891 | 5.63% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,041 | 6.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,083 | 5.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,330 | 3.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,429 | 4.50% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,509 | 3.13% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,532 | 6.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,469 | 4.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,448 | 4.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,062 | 3.75% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,331 | 6.63% |
| Silver City, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,530 | 5.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,868 | 5.13% |
Their top states include:
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Product Mix
For 2022, Leader Bank's most frequently originated type of loan was Conventional, with 4,421 originations. Their 2nd most popular type was HELOC, with 656 originations.
Loan Reason
For 2022, Leader Bank's most frequently cited loan purpose was Home Purchase, with 3,737 originations. The 2nd most popular reason was Cash Out Refi, with 502 originations.
Loan Duration/Length
For 2022, Leader Bank's most frequently cited loan duration was 30 Year, with 3,980 originations. The 2nd most popular length was Other, with 680 originations.
Origination Fees/Closing Costs
Leader Bank's average total fees were $5,057, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,280 originations.
Interest Rates
During 2022, Leader Bank's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 1,523 originations.
Loan Sizing
2022 saw Leader Bank place emphasis on $400k-600k loans with 1,463 originations, totaling $717,535,000 in origination value.
Applicant Income
Leader Bank lent most frequently to those with incomes in the $150k-250k range, with 1,748 originations. The second most popular income band? $250k+, with 1,421 originations.
Applicant Debt to Income Ratio
Leader Bank lent most frequently to those with DTI ratios of 20-30%, with 1,373 originations. The next most common DTI ratio? 30-36%, with 1,124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.19%
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 origination81.07%
Leader Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,161 | $2,796,475,000 | $541,848 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,161 | $2,796,475,000 | $541,848 |