Boston Firefighters Mortgage Rates, Fees & Info
Boston, MALEI: 549300N16X2LRUQEUQ50
Tax ID: 04-2077206
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Barnstable Town, Providence, Worcester, and Springfield among others. We have data for 11 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 an above average pick rate when compared to similar lenders.
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Originations
278Origination Dollar Volume (All Markets)
$103,970,000Top 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) | 246 | $96,260,000 | $391,301 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 10 | $2,530,000 | $253,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Berlin, NH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 278 | $103,970,000 | $373,993 | $0 | 0.00% |
For 2021, Boston Firefighters's most frequently originated type of loan was Conventional, with 278 originations.
Loan Reason
For 2021, Boston Firefighters's most frequently cited loan purpose was Cash Out Refi, with 163 originations. The 2nd most popular reason was Home Purchase, with 58 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 278 | $103,970,000 | $373,993 | $0 | 0.00% |
For 2021, Boston Firefighters's most frequently cited loan duration was Other, with 278 originations.
Loan Sizing
2021 saw Boston Firefighters place emphasis on $200k-400k loans with 117 originations, totaling $34,945,000 in origination value.
Applicant Income
Boston Firefighters lent most frequently to those with incomes in the $150k-250k range, with 122 originations. The second most popular income band? $100k-150k, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 278 | $103,970,000 | $373,993 | $0 | 0.00% |
Boston Firefighters lent most frequently to those with DTI ratios of Exempt%, with 278 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.11%
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 origination91.37%
Boston Firefighters has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 278 | $103,970,000 | $373,993 |