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B
Bank of England
Bank|England, AR|National
Loans Originated
3,482
Applications
5,232
Volume
$1 billion
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar⭐VA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.424%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,783
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
66.6%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
Bank of England performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | National · 48 metro areas · 48 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$322,881
Average Borrower Income
$126,405
Average Property Value
$390,172
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 1,852 | 53.2% | +0.452% | $2,771 |
FHA Loans | Strong | Exceptional | Sound | Strong | 1,203 | 34.5% | +0.510% | $2,938 |
VA Loans | Strong | Strong | Sound | Strong | 320 | 9.2% | -0.249% | $2,263 |
Jumbo Loans | Sound | Strong | N/A | Acceptable | 18 | 0.5% | +0.241% | $1,157 |
USDA Loans | Sound | Exceptional | Acceptable | Sound | 89 | 2.6% | +0.341% | $2,326 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Sound | 3,147 | 90.4% | +0.428% | $2,816 |
Refinance | Sound | Strong | Acceptable | Sound | 335 | 9.6% | +0.396% | $2,542 |
Geographic Coverage
Metro Areas
47
States Served
48
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACOCTFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Jacksonville, FL, FLMSA
Volume: 510Mix: 14.65%
Place Specialization
Exceptional
2
Little Rock, ARMSA
Volume: 222Mix: 6.38%
Place Specialization
Exceptional
3
Lexington, KYMSA
Volume: 156Mix: 4.48%
Place Specialization
Exceptional
4
Milwaukee, WIMSA
Volume: 279Mix: 8.01%
Place Specialization
Strong
5
Cincinnati, OHMSA
Volume: 113Mix: 3.25%
Place Specialization
Strong
6
Mobile, AL, ALMSA
Volume: 51Mix: 1.46%
Place Specialization
Strong
7
North Port, FLMSA
Volume: 81Mix: 2.33%
Place Specialization
Strong
8
Memphis, TNMSA
Volume: 104Mix: 2.99%
Place Specialization
Strong
9
Jackson, MS, MSMSA
Volume: 59Mix: 1.69%
Place Specialization
Strong
10
Crestview, FLMSA
Volume: 41Mix: 1.18%
Place Specialization
Strong
Showing 10 of 47 metro areas
Top States by Place Specialization Score
1
ARState
Volume: 371Mix: 10.65%
Place Specialization
Strong
2
KYState
Volume: 328Mix: 9.42%
Place Specialization
Strong
3
WIState
Volume: 352Mix: 10.11%
Place Specialization
Strong
4
FLState
Volume: 785Mix: 22.54%
Place Specialization
Strong
5
MSState
Volume: 193Mix: 5.54%
Place Specialization
Strong
6
ALState
Volume: 153Mix: 4.39%
Place Specialization
Strong
7
TNState
Volume: 132Mix: 3.79%
Place Specialization
Strong
8
ORState
Volume: 74Mix: 2.13%
Place Specialization
Sound
9
COState
Volume: 102Mix: 2.93%
Place Specialization
Sound
10
INState
Volume: 101Mix: 2.90%
Place Specialization
Sound
Showing 10 of 32 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.
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