Boston Firefighters Mortgage Rates, Fees & Info

Boston, MA

LEI: 549300N16X2LRUQEUQ50

Tax ID: 04-2077206

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Boston Firefighters is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Boston Firefighters has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Providence, and Worcester among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Boston Firefighters has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    77

    Origination Dollar Volume (All Markets)

    $28,275,000

    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) 70 $26,420,000 $377,429 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $995,000 $331,667 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Outside of Metro Areas 1 $105,000 $105,000 $0 0.00%
    Boston Firefighters's top markets include Boston, Barnstable Town, Providence, and Worcester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 77 $28,275,000 $367,208 $0 0.00%

    For 2018, Boston Firefighters's most frequently originated type of loan was Conventional, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $16,550,000 $394,048 $0 0.00%
    Cash Out Refi 22 $7,600,000 $345,455 $0 0.00%
    Refi 13 $4,125,000 $317,308 $0 0.00%

    For 2018, Boston Firefighters's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $28,275,000 $367,208 $0 0.00%

    For 2018, Boston Firefighters's most frequently cited loan duration was Other, with 77 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 35 $16,555,000 $473,000 $0 0.00%
    $200k-400k 28 $7,990,000 $285,357 $0 0.00%
    $100k-200k 8 $1,290,000 $161,250 $0 0.00%
    $100,000 or less 3 $215,000 $71,667 $0 0.00%
    $600k-1MM 3 $2,225,000 $741,667 $0 0.00%

    2018 saw Boston Firefighters place emphasis on $400k-600k loans with 35 originations, totaling $16,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $10,570,000 $330,313 $0 0.00%
    $150k-250k 24 $9,310,000 $387,917 $0 0.00%
    $250k+ 14 $6,400,000 $457,143 $0 0.00%
    $75k-100k 4 $1,300,000 $325,000 $0 0.00%
    $50k-75k 3 $695,000 $231,667 $0 0.00%

    Boston Firefighters lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 77 $28,275,000 $367,208 $0 0.00%

    Boston Firefighters lent most frequently to those with DTI ratios of Exempt%, with 77 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $21,850,000 $364,167 $0 0.00%
    Not provided 10 $3,830,000 $383,000 $0 0.00%
    Black 7 $2,595,000 $370,714 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.57%

    Boston Firefighters has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.31%

    Boston Firefighters has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 77 $28,275,000 $367,208

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 77 $28,275,000 $367,208