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Eastern Bank

Bank•Boston, MAHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Eastern Bank — 477 loans across 699 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Strong
4/5
vs. all lenders
Pull-through
Sound
3/5
closing strength
Product
Strong
4/5
FHA · Conventional · Jumbo
Place
Sound
3/5
Regional · 7 mkts
Safe Rate Awards
Conventional Superstar
Conventional
Superstar
FHA Superstar
FHA
Superstar
Jumbo Superstar
Jumbo
Superstar
Purchase Superstar
Purchase
Superstar

Safe Rate Summary

What They Do Well

  • Offers rates 15.40 basis points below market average
  • Lower than average lender fees

Explore another lender or local market

Report Card

Eastern Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Strong
Rates 15.4 bps below market avg
Pull Through
Closing strength
Sound
Top 60% of lenders
By Loan Product· Specialization by type
Conventional
Sound
Top 60% of lenders
FHA
Sound
Top 60% of lenders
Jumbo
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Sound
Top 60% of lenders
Refinance
Sound
Top 60% of lenders
By Location· Geographic coverage
Geographic Reach
Regional · 7 markets
Sound
Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Strong
Product
Sound
Pricing
Strong
Pull Through
Sound
Volume391
Mix82.0%
Spread
-0.191%Below
Fees
$1,375Fees
FHA Loans
Overall
Strong
Product
Sound
Pricing
Exceptional
Pull Through
Sound
Volume28
Mix5.9%
Spread
+0.233%Above
Fees
$1,372Fees
Jumbo Loans
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume57
Mix11.9%
Spread
-0.091%Below
Fees
$1,234Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Sound
Pricing
Strong
Pull Through
Sound
Volume421
Mix88.3%
Spread
-0.176%Below
Fees
$1,364Fees
Refinance
Overall
Sound
Product
Sound
Pricing
Sound
Pull Through
Sound
Volume56
Mix11.7%
Spread
-0.007%Below
Fees
$1,309Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
477
Applications
699
Volume
$256 million
Pricing & Closing
Avg Rate Spread
-0.154%
vs. market APOR
Avg Net Fees
$1,357
Origination − Credits
Pullthrough Rate
68.2%
Applications → Closed
Typical Borrower
Avg Loan Amount
$538,333
Avg Borrower Income
$244,067
Avg Property Value
$758,103

Geographic Coverage

Geographic Performance

Metro Areas
7
markets with activity
States Served
4
of 50 states + DC
Avg Place Specialization
Sound
3/5

States with Loan Originations

4
4 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
Northeast4
CTMANHRI

Top Metro Areas by Place Specialization Score

1© Luciof · CC BY-SA 3.0
Boston, MAMetro
Volume 190Mix 39.83% of portfolio
81/100
Exceptional
2© Percival Kestreltail · CC BY-SA 3.0
Cambridge, MAMetro
Volume 161Mix 33.75% of portfolio
77/100
Strong
3© Macaolards · CC BY-SA 4.0
Providence, RI-MAMetro
Volume 49Mix 10.27% of portfolio
64/100
Strong
4© John Phelan · CC BY 3.0
Barnstable Town, MAMetro
Volume 19Mix 3.98% of portfolio
51/100
Sound
5© Quintin Soloviev · CC BY 4.0
Worcester, MAMetro
Volume 15Mix 3.14% of portfolio
49/100
Sound
6© Bobphoenix · CC BY-SA 4.0
Norwich, CTMetro
Volume 12Mix 2.52% of portfolio
47/100
Sound
7© John Phelan · CC BY-SA 3.0
Rockingham County, NHMetro
Volume 11Mix 2.31% of portfolio
44/100
Sound

Top States by Place Specialization Score

Massachusetts
Massachusetts
1
MassachusettsState
Volume 408Mix 85.53% of portfolio
82/100
Exceptional
Rhode Island
Rhode Island
2
Rhode IslandState
Volume 31Mix 6.50% of portfolio
58/100
Sound
New Hampshire
New Hampshire
3
New HampshireState
Volume 24Mix 5.03% of portfolio
53/100
Sound
Connecticut
Connecticut
4
ConnecticutState
Volume 14Mix 2.94% of portfolio
44/100
Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
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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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
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.