B
Bank of America National Association's 25.2k closed loans and 36k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Strong
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo
Place
Strong
National · 49 mkts
Safe Rate Awards💎Jumbo Champion⭐Conventional Superstar⭐Purchase Superstar⭐Refinance Superstar
Shopping for a Mortgage?
Save Bank of America National Association or ask our AI assistant to explore your options.
Safe Rate's Summary
What They Do Well
- Offers rates 17.50 basis points below market average
- Lower than average lender fees
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
Bank of America, National Association performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Highly Competitive Rates 17.5 bps below market avg | |
Pull Through Closing strength | Highly Competitive Top 40% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
FHA | Highly Competitive Top 40% of lenders | |
VA | Industry Standard Top 60% of lenders | |
Jumbo | Market Leader Top 5% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 10% of lenders | |
Refinance | Market Leader Top 20% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 19,231 | 76.5% | -0.113%Below | $1,550Fees | ||||
FHA Loans | 410 | 1.6% | +0.540%Above | $3,547Fees | ||||
VA Loans | 62 | 0.2% | -0.061%Below | $3,066Fees | ||||
Jumbo Loans | 5,452 | 21.7% | -0.393%Below | $651Credit |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 21,658 | 86.1% | -0.202%Below | $1,118Fees | ||||
Refinance | 3,497 | 13.9% | -0.046%Below | $567Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
25,155
Applications
35,609
Volume
$15 billion
Pricing & Closing
Avg Rate Spread
-0.175%
vs. market APOR
Avg Net Fees
$1,021
Origination − Credits
Pullthrough Rate
70.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$624,215
Avg Borrower Income
$267,789
Avg Property Value
$934,949
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
San Jose, CAMSA
Volume: 1,147Mix: 4.56%of portfolio
Place
Exceptional2
San Francisco, CAMSA
Volume: 515Mix: 2.05%of portfolio
Place
Exceptional3
Oakland, CAMSA
Volume: 978Mix: 3.89%of portfolio
Place
Exceptional4
Charlotte, NC-SCMSA
Volume: 807Mix: 3.21%of portfolio
Place
Exceptional5
Seattle, WAMSA
Volume: 595Mix: 2.37%of portfolio
Place
Exceptional6
New York, NY-NJMSA
Volume: 816Mix: 3.24%of portfolio
Place
Exceptional7
Bridgeport, CTMSA
Volume: 207Mix: 0.82%of portfolio
Place
Exceptional8
Los Angeles, CAMSA
Volume: 709Mix: 2.82%of portfolio
Place
Exceptional9
Chicago, ILMSA
Volume: 814Mix: 3.24%of portfolio
Place
Strong10
Dallas, TXMSA
Volume: 677Mix: 2.69%of portfolio
Place
StrongShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
CAState
Volume: 5,011Mix: 19.92%of portfolio
Place
Exceptional2
NJState
Volume: 1,086Mix: 4.32%of portfolio
Place
Exceptional3
NYState
Volume: 1,433Mix: 5.70%of portfolio
Place
Exceptional4
WAState
Volume: 957Mix: 3.80%of portfolio
Place
Exceptional5
TXState
Volume: 2,075Mix: 8.25%of portfolio
Place
Exceptional6
ILState
Volume: 1,025Mix: 4.07%of portfolio
Place
Exceptional7
NCState
Volume: 1,494Mix: 5.94%of portfolio
Place
Strong8
FLState
Volume: 2,030Mix: 8.07%of portfolio
Place
Strong9
SCState
Volume: 600Mix: 2.39%of portfolio
Place
Strong10
GAState
Volume: 926Mix: 3.68%of portfolio
Place
StrongShowing 10 of 48 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Looking for a different lender?
Are you the owner of Bank of America, National Association?
Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.
The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.