Brookline Bank Mortgage Rates, Fees & Info

Brookline, MA

LEI: 549300TR6MWKSIOP3B72

Tax ID: 05-1125010

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Brookline Bank is a smaller bank specializing in Refi and Home Purchase loans. Brookline Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, Worcester, and New York among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Brookline Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Brookline 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) 5.61% 4/21/24
    30 Year Conventional Purchase 6.33% 4/21/24
    30 Year Conventional Refi 6.26% 4/21/24
    15 Year Conventional Purchase 5.87% 4/21/24
    15 Year Conventional Refi 5.83% 4/21/24
    15 Year Cash-out Refi 5.83% 4/21/24
    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.

    Brookline Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Brookline 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

    676

    Origination Dollar Volume (All Markets)

    $399,250,000

    Employee count

    433

    Awards

    Brookline Bank 30 Year Conventional Loans silver
    Show all (1) awards

    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) 647 $377,755,000 $583,856 $2,858 4.55%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 8 $12,930,000 $1,616,250 $4,761 4.63%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 8 $4,270,000 $533,750 $3,553 4.59%
    WORCESTER, MA-CT (FHA|USDA|VA) 7 $2,115,000 $302,143 $3,928 4.53%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $700,000 $350,000 $0 4.87%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $555,000 $555,000 $3,228 3.88%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.74%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,971 4.13%
    Concord, NH (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.49%
    Brookline Bank's top markets include Boston, Providence, Barnstable Town, Worcester, and New York among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Brookline Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Piscataqua Savings Bank
    Similarity Rank: 118
    First Ipswich Bank
    Similarity Rank: 139
    Middlesex Savings Bank
    Similarity Rank: 310
    St. Anne's Credit Union of Fall River, Mass.
    Similarity Rank: 417
    QUINCY CREDIT UNION
    Similarity Rank: 435
    Members Plus Credit Union
    Similarity Rank: 505
    Sharon & Crescent United Credit Union
    Similarity Rank: 525
    Bristol County Savings Bank
    Similarity Rank: 544
    Milford Federal Bank
    Similarity Rank: 570
    St. Mary's Credit Union
    Similarity Rank: 630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 480 $118,550,000 $246,979 n/a 4.67%
    Conventional 196 $280,700,000 $1,432,143 $2,906 4.25%

    For 2019, Brookline Bank's most frequently originated type of loan was HELOC, with 480 originations. Their 2nd most popular type was Conventional, with 196 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 240 $150,920,000 $628,833 $2,851 4.48%
    Home Improvement 186 $42,580,000 $228,925 $152 4.64%
    Home Purchase 157 $179,965,000 $1,146,274 $3,490 4.48%
    Other 93 $25,785,000 $277,258 $1,364 4.67%

    For 2019, Brookline Bank's most frequently cited loan purpose was Refi, with 240 originations. The 2nd most popular reason was Home Improvement, with 186 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 470 $114,130,000 $242,830 $0 4.63%
    30 Year 109 $65,845,000 $604,083 $3,384 4.01%
    10 Year 48 $152,600,000 $3,179,167 $274 4.67%
    Other 19 $39,555,000 $2,081,842 $0 6.12%
    5 Year 15 $19,455,000 $1,297,000 $110 4.50%
    15 Year 12 $5,190,000 $432,500 $2,726 3.34%
    20 Year 1 $315,000 $315,000 $2,241 4.13%
    1 Year 1 $2,005,000 $2,005,000 $0 5.75%
    3 Year 1 $155,000 $155,000 $0 5.25%

    For 2019, Brookline Bank's most frequently cited loan duration was 30+ year, with 470 originations. The 2nd most popular length was 30 Year, with 109 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 121 $61,075,000 $504,752
    $2k-3k 2 $1,640,000 $820,000
    $5k+ 2 $3,200,000 $1,600,000
    $1k-2k 1 $635,000 $635,000
    $3k-4k 1 $1,375,000 $1,375,000

    Brookline Bank's average total fees were $3,384, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 121 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 450 $194,090,000 $431,311
    3-4% 182 $155,350,000 $853,571
    5-6% 31 $41,315,000 $1,332,742
    6-7% 6 $6,990,000 $1,165,000
    7-8% 6 $1,450,000 $241,667
    2.5-3% 1 $55,000 $55,000

    During 2019, Brookline Bank's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 4-5%, with 450 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 175 $47,805,000 $273,171 $2,472 4.49%
    $100k-200k 161 $21,455,000 $133,261 $2,148 4.59%
    $100,000 or less 120 $6,660,000 $55,500 $427 4.72%
    $400k-600k 98 $46,680,000 $476,327 $3,083 4.50%
    $1MM+ 61 $231,225,000 $3,790,574 $5,143 4.47%
    $600k-1MM 61 $45,425,000 $744,672 $4,216 4.43%

    2019 saw Brookline Bank place emphasis on $200k-400k loans with 175 originations, totaling $47,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 166 $51,810,000 $312,108 $2,798 4.48%
    $100k-150k 146 $35,330,000 $241,986 $2,621 4.59%
    $250k+ 135 $75,615,000 $560,111 $3,991 4.48%
    $75k-100k 72 $13,580,000 $188,611 $2,031 4.62%
    $50k-75k 69 $11,415,000 $165,435 $2,120 4.56%
    $50k or less 16 $1,480,000 $92,500 $2,902 4.83%

    Brookline Bank lent most frequently to those with incomes in the $150k-250k range, with 166 originations. The second most popular income band? $100k-150k, with 146 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 115 $34,335,000 $298,565 $2,849 4.57%
    30-36% 102 $30,370,000 $297,745 $2,695 4.46%
    <20% 69 $27,185,000 $393,986 $2,718 4.46%
    50-60% 52 $18,070,000 $347,500 $3,313 4.51%
    49% 50 $13,540,000 $270,800 $1,312 4.63%
    48% 28 $7,650,000 $273,214 $3,135 4.47%
    46% 24 $4,830,000 $201,250 $1,741 4.82%
    37% 22 $5,540,000 $251,818 $1,846 4.68%
    44% 21 $7,325,000 $348,810 $5,084 4.61%
    39% 18 $5,720,000 $317,778 $0 4.57%
    40% 17 $3,985,000 $234,412 $3,193 4.39%
    42% 16 $3,550,000 $221,875 $2,047 4.57%
    43% 14 $4,150,000 $296,429 $2,059 4.59%
    45% 14 $3,830,000 $273,571 $3,503 4.50%
    36% 13 $4,745,000 $365,000 $3,519 4.56%
    47% 12 $2,840,000 $236,667 $2,383 4.46%
    38% 12 $3,030,000 $252,500 $2,520 4.49%
    41% 8 $2,790,000 $348,750 $2,359 4.53%
    >60% 8 $5,000,000 $625,000 $4,619 4.38%

    Brookline Bank lent most frequently to those with DTI ratios of 20-30%, with 115 originations. The next most common DTI ratio? 30-36%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 56 $203,350,000 $3,631,250 $0 4.64%
    White 443 $119,665,000 $270,124 $2,120 4.63%
    Not provided 119 $62,975,000 $529,202 $3,374 4.10%
    Asian 31 $8,195,000 $264,355 $747 4.63%
    Black 11 $1,505,000 $136,818 $0 4.60%
    American Indian 4 $1,070,000 $267,500 $0 5.56%
    Chinese 2 $900,000 $450,000 $0 4.87%
    Asian Indian 5 $755,000 $151,000 $0 4.29%
    Native Hawaiian or Islander 1 $405,000 $405,000 $0 7.00%
    Vietnamese 2 $220,000 $110,000 $0 4.49%
    Other Asian 1 $105,000 $105,000 $0 4.99%
    Filipino 1 $105,000 $105,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    85.39%

    Brookline Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.53%

    Brookline Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 676 $399,250,000 $590,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 28 $178,020,000 $6,357,857
    Single Family (1-4 Units):Site-Built 648 $221,230,000 $341,404

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 191 $63,675,000 $333,377 $2,480 4.59%
    40-60% 91 $74,555,000 $819,286 $2,882 4.43%
    60-80% 132 $208,140,000 $1,576,818 $3,384 4.37%
    80-100% 31 $17,935,000 $578,548 $3,919 4.13%
    Under 20% 231 $34,945,000 $151,277 $935 4.71%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BARCLAYS BANK DELAWARE Other type of mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Brookline Bank 10 Langley Road Newton, MA 2459 Full Service B&M $317,254
    Brookline Bank 1016 Beacon Street Brookline, MA 2446 Full Service B&M $97,555
    Brookline Bank 1018 W Roxbury Pkwy Chestnut Hill, MA 2467 Full Service B&M $173,411
    Brookline Bank 1160 Walnut Street Newton, MA 2461 Full Service B&M $45,484
    Brookline Bank 1220 Boylston Street Chestnut Hill, MA 2467 Full Service B&M $61,478
    Brookline Bank 131 Clarendon Street Boston, MA 2117 Full Service B&M $588,381
    Brookline Bank 1340 Beacon Street Brookline, MA 2446 Full Service B&M $331,217
    Brookline Bank 161 Linden Street Wellesley, MA 2482 Full Service B&M $0
    Brookline Bank 1661 Beacon Street Brookline, MA 2445 Full Service B&M $169,358
    Brookline Bank 168 Great Road Bedford, MA 1730 Full Service B&M $66,718
    Brookline Bank 1793 Massachusetts Avenue Lexington, MA 2420 Full Service B&M $148,039
    Brookline Bank 1808 Centre Street West Roxbury, MA 2132 Full Service B&M $129,870
    Brookline Bank 196 Commercial Street Malden, MA 2148 Full Service B&M $79,859
    Brookline Bank 2 Harvard Street Brookline, MA 2445 Full Service B&M $200,287
    Brookline Bank 201 Salem Street Medford, MA 2155 Full Service B&M $97,013
    Brookline Bank 31-33 State Street Boston, MA 2109 Full Service B&M $33,781
    Brookline Bank 323 Walnut St Newtonville, MA 2460 Full Service B&M $109,682
    Brookline Bank 34 Cambridge St Burlington, MA 1803 Full Service B&M $40,670
    Brookline Bank 430 High Street Medford, MA 2155 Full Service B&M $67,564
    Brookline Bank 448 Washington St Wellesley, MA 2482 Full Service B&M $112,502
    Brookline Bank 456 Main Street Waltham, MA 2453 Full Service B&M $124,080
    Brookline Bank 5 Washington Street Wellesley, MA 2481 Full Service B&M $75,791
    Brookline Bank 60 High Street Medford, MA 2155 Full Service B&M $170,247
    Brookline Bank 718 Beacon Street Newton Center, MA 2459 Full Service B&M $0
    Brookline Bank 72 Burlington Mall Rd Burlington, MA 1803 Full Service B&M $51,643
    Brookline Bank 856 Massachusetts Avenue Arlington, MA 2476 Full Service B&M $144,928
    Brookline Bank 902 Highland Ave Needham, MA 2494 Full Service B&M $88,018

    For 2019, Brookline Bank had 27 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $233,186
    Net interest income $168,562
    Total noninterest income $14,666
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,438
    Trading account gains and fees $6,969
    Additional Noninterest Income $6,259
    Pre-tax net operating income $85,716
    Securities gains (or losses, -) $0
    Income before extraordinary items $64,967
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $64,967
    Minority interest net income $43
    Net income $64,924
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $64,967

    Brookline Bank's gross interest income from loans was $233,186,000.
    Brookline Bank's net interest income from loans was $168,562,000.
    Brookline Bank's fee based income from loans was $1,438,000.
    Brookline Bank's net income from loans was $64,924,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $64,624
    Provision for credit losses $7,960
    Total noninterest expense $89,552
    Salaries and employee benefits $56,478
    Premises and equipment expense $11,880
    Additional noninterest expense $21,194
    Applicable income taxes $20,749
    Net charge-offs $5,047
    Cash dividends $29,000

    Brookline Bank's interest expense for loans was $64,624,000.
    Brookline Bank's payroll and benefits expense were $56,478,000.
    Brookline Bank's property, plant and equipment expenses $11,880,000.

    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 1.0%
    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 $3,560,266
    Deposits held in domestic offices $3,560,266
    Deposits by Individuals, partnerships, and corporations $3,532,940
    Deposits by U.S. Government $11
    Deposits by States and political subdivisions in the U.S. $19,800
    Deposits by Commercial banks and other depository institutions in U.S. $7,515
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $186,090
    Demand deposits $156,542
    Nontransaction accounts $3,374,176
    Money market deposit accounts (MMDAs) $1,096,873
    Other savings deposits (excluding MMDAs) $842,051
    Total time deposits $1,435,252
    Total time and savings deposits $3,403,724
    Noninterest-bearing deposits $597,139
    Interest-bearing deposits $2,963,127
    Retail deposits $2,914,643
    IRAs and Keogh plan accounts $89,088
    Brokered deposits $260,662
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,966,140
    Cash & Balances due from depository institutions $32,500
    Interest-bearing balances $17,393
    Total securities $258,689
    Federal funds sold & reverse repurchase $0
    Net loans and leases $4,440,251
    Loan and leases loss allowance $40,923
    Trading account assets $45,310
    Bank premises and fixed assets $52,057
    Other real estate owned $0
    Goodwill and other intangibles $31,470
    All other assets $105,863

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,966,140
    Total Liabilities $4,421,753
    Total deposits $3,560,266
    Interest-bearing deposits $2,963,127
    Deposits held in domestic offices $3,560,266
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $127,000
    Trading liabilities $44,464
    Other borrowed funds $631,955
    Subordinated debt $0
    All other liabilities $58,068

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,440,251
    Loan and leases loss allowance $40,923
    Total loans and leases (domestic) $4,481,174
    All real estate loans $3,140,948
    Real estate loans in domestic offices $3,140,948
    Construction and development loans $142,774
    Residential 1-4 family construction $30,909
    Other construction, all land development and other land $111,865
    Loans secured by nonfarm nonresidential properties $1,596,965
    Nonfarm nonresidential secured by owner-occupied properties $239,382
    Commercial real estate & other non-farm, non-residential $1,357,583
    Multifamily residential real estate $668,384
    1-4 family residential loans $732,825
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,255,162
    To non-U.S. addressees $0
    Loans to individuals $38,097
    Credit card loans $0
    Related Plans $264
    Consumer Auto Loans $85
    Other loans to individuals $37,748
    All other loans & leases $46,967
    Loans to foreign governments and official institutions $0
    Other loans $191
    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 $11,062
    Non 1-4 family restructured loans & leases $9,068
    Total loans and leases (foreign) $0

    Brookline Bank had $4,440,251,000 of loans outstanding in 2019. $3,140,948,000 of loans were in real estate loans. $142,774,000 of loans were in development loans. $668,384,000 of loans were in multifamily mortgage loans. $732,825,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $85,000 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 371 $140,478 $378,647
    Nonfarm, nonresidential loans - <$100k 10 $465 $46,500
    Nonfarm, nonresidential loans - $100-250k 59 $6,756 $114,508
    Nonfarm, nonresidential loans - $250k-1MM 302 $133,257 $441,248
    Commercial & Industrial, US addressed loans - <$1MM 5,985 $727,946 $121,628
    Commercial & Industrial, US addressed loans - <$100k 2,777 $87,345 $31,453
    Commercial & Industrial, US addressed loans - $100-250k 1,735 $187,059 $107,815
    Commercial & Industrial, US addressed loans - $250k-1MM 1,473 $453,542 $307,904