Boston Private Bank & Trust Company Mortgage Rates, Fees & Info
Boston, MALEI: OLO8RKM2RJ2ICV6SJH34
Tax ID: 04-2942314
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Mortgage 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
933Origination Dollar Volume (All Markets)
$1,109,805,000Awards
Boston Private Bank & Trust Company - 2021
Boston Private Bank & Trust Company is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications95.70%
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 origination82.10%
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.
