# Eastern Bank

> **Canonical URL:** https://saferate.com/lenders/eastern-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Eastern Bank is a bank, headquartered in Boston, MA, serving borrowers across 4 states, with 477 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 26% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** X8V2II80XTQHRH7NCB19
- **Headquarters:** Boston, MA
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** CT, MA, NH, RI
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.154%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,357
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 477
- **Dollar Volume:** $257 million
- **Applications Received:** 699
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $538,333
- **Average Borrower Income:** $244,067
- **Average Property Value:** $758,103

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (65%)
- ⭐ **Jumbo Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 57/100 | 391 | -0.191% | $1,375 | Sound ☺️ |
| FHA | 57/100 | 28 | +0.233% | $1,372 | Sound ☺️ |
| Jumbo | 74/100 | 57 | -0.091% | $1,234 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 348 loans, Score: 57/100 (Sound)
- Refinance: 43 loans, Score: 47/100 (Sound)

**FHA:**
- Purchase: 25 loans, Score: 56/100 (Sound)

**Jumbo:**
- Purchase: 48 loans, Score: 75/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 59/100 | 421 | $226M | -0.176% | Sound ☺️ |
| Refinance | 50/100 | 56 | $31M | -0.007% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MA | 408 | 0.68% | 82/100 |
| RI | 31 | 0.29% | 58/100 |
| NH | 24 | 0.15% | 53/100 |
| CT | 14 | 0.04% | 44/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Boston, MA | MA | 190 | 81/100 |
| Cambridge | MA | 161 | 77/100 |
| Providence | RI-MA | 49 | 64/100 |
| Barnstable Town, MA | MA | 19 | 51/100 |
| Worcester, MA | MA | 15 | 49/100 |
| Norwich | CT | 12 | 47/100 |
| Rockingham County | NH | 11 | 44/100 |

## Where This Lender Ranks

Eastern Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Boston, MA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#7** in Providence for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Massachusetts for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#10** in Boston, MA for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#11** in Boston, MA for Jumbo Loans
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/jumbo-loans)
- 🏆 **#11** in Norwich for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Boston, MA for FHA Loans
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/fha-loans)
- 🏆 **#12** in Cambridge for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#13** in Massachusetts for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#14** in Massachusetts for Jumbo Loans
  - [View Full Rankings](https://saferate.com/massachusetts/best-mortgage-lenders/jumbo-loans)
- 🏆 **#14** in Barnstable Town, MA for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/barnstable-town-ma/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#15** in Boston, MA Banks
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks)
- 🏆 **#15** in Boston, MA for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/boston-ma/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#16** in Barnstable Town, MA for Jumbo Loans
  - [View Full Rankings](https://saferate.com/barnstable-town-ma/best-mortgage-lenders/jumbo-loans)
- 🏆 **#16** in Rockingham County for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/rockingham-county/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#17** in Cambridge Banks
  - [View Full Rankings](https://saferate.com/cambridge/best-mortgage-lenders/banks)
- 🏆 **#17** in Providence Banks
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks)
- 🏆 **#17** in Providence for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Rhode Island Banks
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks)
- 🏆 **#18** in Rhode Island for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Eastern Bank offer?

Eastern Bank offers the following mortgage loan types: FHA, Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Eastern Bank offer mortgages?

Eastern Bank offers mortgages in 4 states: CT, MA, NH, RI.

### How competitive are Eastern Bank's mortgage rates?

Eastern Bank has a pricing score of 74/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.154% below market average.

### What type of lender is Eastern Bank?

Eastern Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Boston, MA.

### What is Eastern Bank's loan approval success rate?

Eastern Bank has a pull-through score of 58/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/eastern-bank

### How to Cite

> "Eastern Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/eastern-bank

---

**[View Interactive Profile →](https://saferate.com/lenders/eastern-bank)**