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

Boston, MA

LEI: OLO8RKM2RJ2ICV6SJH34

Tax ID: 04-2942314

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
  • 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)

    • Review & 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 by origination volume include: Boston, Los Angeles, San Francisco, Miami, and San Jose among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Boston Private Bank & Trust Company 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. Boston Private Bank & Trust Company is typically an average 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.

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    Originations

    933

    Origination Dollar Volume (All Markets)

    $1,109,805,000
    Show all (7) 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) 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.

    Their top states include:
  • California (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Similar Lenders

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

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    Christian Community Credit Union
    Similarity Rank: 354
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Rhode Island Credit Union
    Similarity Rank: 524
    Sharon & Crescent United Credit Union
    Similarity Rank: 540
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 596

    Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Boston Private Bank & Trust Company's most frequently cited loan purpose was Refi, with 441 originations. The 2nd most popular reason was 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 2021, Boston Private Bank & Trust Company's most frequently cited loan duration was 30 Year, with 785 originations. The 2nd most popular length was 5 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 11 $4,385,000 $398,636
    $3k-4k 1 $155,000 $155,000

    Boston Private Bank & Trust Company's average total fees were $5,025, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.70%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    96.48%

    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
    85.64%

    Boston Private Bank & Trust Company has an 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 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 345 South San Antonio Road Los Altos, CA 94022 Full Service B&M $164,755
    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