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 Cash Out Refi and Home Purchase loans. Boston Firefighters has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, and Worcester among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Boston Firefighters 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.

    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

    177

    Origination Dollar Volume (All Markets)

    $63,935,000

    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) 163 $59,945,000 $367,761 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 9 $2,575,000 $286,111 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,025,000 $341,667 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    Boston Firefighters's top markets include Boston, Providence, Barnstable Town, and Worcester among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $63,935,000 $361,215 $0 0.00%

    For 2020, Boston Firefighters's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 102 $36,080,000 $353,725 $0 0.00%
    Home Purchase 39 $15,785,000 $404,744 $0 0.00%
    Refi 32 $10,630,000 $332,188 $0 0.00%
    Home Improvement 3 $1,235,000 $411,667 $0 0.00%
    Other 1 $205,000 $205,000 $0 0.00%

    For 2020, Boston Firefighters's most frequently cited loan purpose was Cash Out Refi, with 102 originations. The 2nd most popular reason was Home Purchase, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 177 $63,935,000 $361,215 $0 0.00%

    For 2020, Boston Firefighters's most frequently cited loan duration was Other, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 86 $25,810,000 $300,116 $0 0.00%
    $400k-600k 60 $29,150,000 $485,833 $0 0.00%
    $100k-200k 20 $3,310,000 $165,500 $0 0.00%
    $600k-1MM 8 $5,410,000 $676,250 $0 0.00%
    $100,000 or less 3 $255,000 $85,000 $0 0.00%

    2020 saw Boston Firefighters place emphasis on $200k-400k loans with 86 originations, totaling $25,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 71 $27,755,000 $390,915 $0 0.00%
    $100k-150k 49 $16,105,000 $328,673 $0 0.00%
    $250k+ 34 $12,970,000 $381,471 $0 0.00%
    $75k-100k 17 $5,655,000 $332,647 $0 0.00%
    $50k-75k 5 $1,265,000 $253,000 $0 0.00%
    $50k or less 1 $185,000 $185,000 $0 0.00%

    Boston Firefighters lent most frequently to those with incomes in the $150k-250k range, with 71 originations. The second most popular income band? $100k-150k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 177 $63,935,000 $361,215 $0 0.00%

    Boston Firefighters lent most frequently to those with DTI ratios of Exempt%, with 177 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 115 $41,215,000 $358,391 $0 0.00%
    Not provided 43 $15,815,000 $367,791 $0 0.00%
    Black 16 $5,730,000 $358,125 $0 0.00%
    American Indian 2 $800,000 $400,000 $0 0.00%
    Asian 1 $375,000 $375,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.49%

    Boston Firefighters has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    72.32%

    Boston Firefighters has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 177 $63,935,000 $361,215

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 177 $63,935,000 $361,215