Boston Private Bank & Trust Company Mortgage Rates, Fees & Info

Boston, MA

LEI: OLO8RKM2RJ2ICV6SJH34

Tax ID: 04-2942314

5 stars - out of 5 stars, based on 31 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Boston Private Bank & Trust Company is a small bank specializing in Refi and Home Purchase loans. Boston Private Bank & Trust Company has a high proportion of conventional loans. Their top markets include Boston, Los Angeles, San Francisco, Miami, and San Jose among others. Boston Private Bank & Trust Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Boston Private Bank & Trust Company is typically an average fee lendor.


Originations

933

Origination Dollar Volume (All Markets)

$1,109,805,000
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Relative Rate

Boston Private Bank & Trust Company's average 30 year fixed rate mortgage of loans were 2.7%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.45%.

Relative Fees

Boston Private Bank & Trust Company's average total fees for a 30 year fixed rate mortgage are $5,025.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 365 $397,105,000 $1,087,959 $4,490 2.55%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 185 $278,395,000 $1,504,838 $5,278 2.51%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 169 $158,075,000 $935,355 $5,159 2.59%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 23 $39,555,000 $1,719,783 $6,834 2.61%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 71 $38,995,000 $549,225 $4,254 2.32%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 18 $23,130,000 $1,285,000 $5,463 2.61%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $21,355,000 $7,118,333 $0 3.25%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $18,605,000 $18,605,000 $0 2.75%
Outside of Metro Areas 10 $17,700,000 $1,770,000 $6,436 2.54%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $12,525,000 $1,391,667 $4,895 2.72%
Vineyard Haven, MA (FHA|USDA|VA) 4 $11,420,000 $2,855,000 $12,264 2.66%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $10,010,000 $1,251,250 $5,801 2.91%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $8,925,000 $1,785,000 $6,994 2.95%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 3 $7,805,000 $2,601,667 $5,640 2.92%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $7,015,000 $1,002,143 $4,671 2.61%
Ukiah, CA (FHA|USDA|VA) 3 $6,505,000 $2,168,333 $5,633 3.48%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $5,390,000 $2,695,000 $13,270 2.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $5,165,000 $1,033,000 $4,055 2.98%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $4,610,000 $2,305,000 $7,128 2.69%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $4,200,000 $1,050,000 $5,481 3.09%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 4 $3,800,000 $950,000 $5,011 2.75%
Laconia, NH (FHA|USDA|VA) 3 $3,455,000 $1,151,667 $3,502 2.38%
STOCKTON, CA (FHA|USDA|VA) 2 $2,830,000 $1,415,000 $0 3.70%
SALINAS, CA (FHA|USDA|VA) 1 $2,665,000 $2,665,000 $6,546 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $14,222 3.00%
Concord, NH (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $7,537 2.50%
WORCESTER, MA-CT (FHA|USDA|VA) 4 $2,380,000 $595,000 $3,270 2.72%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $2,145,000 $715,000 $4,039 2.79%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,835,000 $611,667 $5,002 2.54%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $1,540,000 $770,000 $6,159 2.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,150,000 $575,000 $2,649 2.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $8,676 2.13%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $945,000 $945,000 $3,058 2.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $915,000 $915,000 $8,213 2.88%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $855,000 $855,000 $4,690 2.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $715,000 $715,000 $4,461 2.75%
PITTSFIELD, MA (FHA|USDA|VA) 1 $605,000 $605,000 $3,498 2.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $515,000 $515,000 $4,741 2.38%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,948 2.88%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $175,000 $175,000 $1,946 2.50%

Boston Private Bank & Trust Company's top markets include Boston, Los Angeles, San Francisco, Miami, and San Jose among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 933 $1,109,805,000 $1,189,502 $4,966 2.56%

For the 2021 period, Boston Private Bank & Trust Company's most frequently originated loan type of loans were Conventional, with 933 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 441 $590,965,000 $1,340,057 $4,404 2.66%
Home Purchase 432 $425,390,000 $984,699 $5,549 2.42%
Other 43 $74,105,000 $1,723,372 $5,207 2.76%
Home Improvement 9 $15,365,000 $1,707,222 $9,421 3.23%
Cash Out Refi 8 $3,980,000 $497,500 $3,135 3.11%

For the 2021, Boston Private Bank & Trust Company's most frequently cited loan purpose of loans were Refi, with 441 originations. The 2nd most popular reason of loans were Home Purchase, with 432 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 785 $869,155,000 $1,107,204 $5,025 2.70%
5 Year 65 $76,085,000 $1,170,538 $0 0.57%
15 Year 43 $28,175,000 $655,233 $3,705 2.55%
Other 17 $90,095,000 $5,299,706 $0 3.30%
20 Year 11 $13,375,000 $1,215,909 $4,123 2.85%
10 Year 7 $19,025,000 $2,717,857 $13,194 3.15%
3 Year 3 $11,065,000 $3,688,333 $0 3.20%
30+ year 2 $2,830,000 $1,415,000 $0 3.70%

For the 2021, Boston Private Bank & Trust Company's most frequently cited loan length of loans were 30 Year, with 785 originations. The 2nd most popular length of loans were 5 Year, with 65 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 762 $863,330,000 $1,132,979
$5k+ 14 $9,900,000 $707,143
$1k-2k 13 $4,475,000 $344,231
$2k-3k 13 $6,145,000 $472,692
$3k-4k 12 $4,540,000 $378,333

$5,025 of loans were Boston Private Bank & Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 762 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 482 $521,860,000 $1,082,697
<2.5% 333 $410,675,000 $1,233,258
3-4% 116 $175,220,000 $1,510,517
4-5% 2 $2,050,000 $1,025,000

During 2021, Boston Private Bank & Trust Company's average interest rate of loans were 2.70%, while their most frequently originated rate bucket of loans were 2.5-3%, with 482 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 380 $863,130,000 $2,271,395 $6,446 2.72%
$200k-400k 181 $54,805,000 $302,790 $3,972 2.68%
$600k-1MM 153 $123,155,000 $804,935 $4,255 2.78%
$400k-600k 130 $63,050,000 $485,000 $3,816 2.78%
$100,000 or less 57 $795,000 $13,947 $2,910 0.14%
$100k-200k 32 $4,870,000 $152,188 $2,850 2.42%

2021 saw Boston Private Bank & Trust Company place emphasis on $1MM+ loans with 380 originations, totaling $863,130,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 410 $639,260,000 $1,559,171 $5,834 2.68%
$50k-75k 115 $26,745,000 $232,565 $4,078 2.02%
$75k-100k 114 $34,460,000 $302,281 $4,054 2.23%
$150k-250k 88 $67,300,000 $764,773 $3,942 2.81%
$100k-150k 82 $33,720,000 $411,220 $3,632 2.62%
$50k or less 28 $7,320,000 $261,429 $4,690 1.87%

Boston Private Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 410 originations. The second most popular income band? $50k-75k, with 115 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 184 $158,110,000 $859,293 $4,338 2.56%
30-36% 175 $180,225,000 $1,029,857 $5,151 2.53%
<20% 71 $77,325,000 $1,089,085 $4,392 2.73%
50-60% 46 $59,140,000 $1,285,652 $5,383 2.60%
41% 41 $41,515,000 $1,012,561 $5,022 2.40%
40% 37 $33,655,000 $909,595 $4,833 2.49%
44% 35 $32,495,000 $928,429 $5,313 2.46%
>60% 34 $76,430,000 $2,247,941 $7,705 2.72%
37% 33 $25,945,000 $786,212 $5,946 2.24%
39% 33 $28,245,000 $855,909 $4,384 2.58%
38% 30 $21,850,000 $728,333 $4,251 2.47%
46% 29 $21,265,000 $733,276 $4,900 2.32%
45% 27 $34,015,000 $1,259,815 $5,515 2.53%
42% 27 $21,685,000 $803,148 $4,327 2.39%
43% 24 $21,120,000 $880,000 $4,567 2.43%
36% 21 $20,055,000 $955,000 $4,886 2.58%
47% 20 $24,900,000 $1,245,000 $5,437 2.53%
49% 15 $20,265,000 $1,351,000 $6,183 2.38%
48% 12 $14,490,000 $1,207,500 $4,910 2.43%

Boston Private Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 184 originations. The next most common DTI ratio? 30-36%, with 175 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 625 $735,885,000 $1,177,416 $5,055 2.61%
Not applicable 37 $194,025,000 $5,243,919 $0 3.33%
Not provided 111 $100,235,000 $903,018 $4,953 2.41%
Asian 104 $54,360,000 $522,692 $4,917 2.36%
Black 48 $18,980,000 $395,417 $3,874 2.15%
Other Asian 1 $3,005,000 $3,005,000 $8,860 2.88%
Asian Indian 3 $2,325,000 $775,000 $3,213 2.83%
American Indian 2 $510,000 $255,000 $7,335 2.00%
Native Hawaiian 1 $255,000 $255,000 $4,136 2.88%
Vietnamese 1 $225,000 $225,000 $1,999 2.63%

Approval Rates

Total approvals of all applications
95.70%

Boston Private Bank & Trust Company 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
82.10%

Boston Private Bank & Trust Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 933 $1,109,805,000 $1,189,502

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
933 $1,109,805,000 $1,189,502

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 84 $92,670,000 $1,103,214 $4,106 2.77%
40-60% 183 $233,155,000 $1,274,071 $4,836 2.72%
60-80% 318 $505,410,000 $1,589,340 $5,372 2.75%
80-100% 275 $257,065,000 $934,782 $4,917 2.64%
Under 20% 73 $21,505,000 $294,589 $3,656 0.81%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Boston Private Bank & Trust Company 345 South San Antonio Road Los Altos, CA 94022 Full Service B&M $164,755
Boston Private Bank & Trust Company 10 Post Office Sq Boston, MA 2109 Full Service B&M $3,740,637
Boston Private Bank & Trust Company 1223 - 1227 Centre Street Newton, MA 2459 Full Service B&M $409,274
Boston Private Bank & Trust Company 1440 Chapin Avenue Burlingame, CA 94010 Full Service B&M $312
Boston Private Bank & Trust Company 157 Seaport Boulevard Boston, MA 2210 Full Service B&M $55,527
Boston Private Bank & Trust Company 160 Bovet Road San Mateo, CA 94402 Full Service B&M $1,119,085
Boston Private Bank & Trust Company 16000 Ventura Boulevard Encino, CA 91436 Full Service B&M $133,870
Boston Private Bank & Trust Company 225 North Beverly Drive Beverly Hills, CA 90210 Full Service B&M $116,997
Boston Private Bank & Trust Company 255 Battery St San Francisco, CA 94111 Full Service B&M $391,757
Boston Private Bank & Trust Company 265 Main Street Cambridge, MA 2142 Full Service B&M $86,704
Boston Private Bank & Trust Company 336 Washington Street Wellesley, MA 2481 Full Service B&M $1,076,507
Boston Private Bank & Trust Company 345 E. Colorado Boulevard Pasadena, CA 91101 Full Service B&M $110,137
Boston Private Bank & Trust Company 420 Cowper Street Palo Alto, CA 94301 Full Service B&M $328,373
Boston Private Bank & Trust Company 500 Boylston Street Boston, MA 2116 Full Service B&M $523,298
Boston Private Bank & Trust Company 520 Broadway Santa Monica, CA 90401 Full Service B&M $213,064
Boston Private Bank & Trust Company 57 Enon Street Beverly, MA 1915 Full Service B&M $116,021
Boston Private Bank & Trust Company 60 South Market Street San Jose, CA 95113 Full Service B&M $118,925
Boston Private Bank & Trust Company 7 Central Street Hingham, MA 2043 Full Service B&M $206,707
Boston Private Bank & Trust Company 801 S. Figueroa Street, Suite 100 Los Angeles, CA 90017 Full Service B&M $74,982
Boston Private Bank & Trust Company 971 S. Westlake Boulevard Westlake Village, CA 91361 Full Service B&M $66,569

For 2021, Boston Private Bank & Trust Company had 20 branches.

Yearly Performance Overview