Eastern Bank Mortgage Lending & HMDA Data, 2019
In 2019, Eastern Bank of Boston, MA reported 5,977 mortgage applications totaling $1.6 billion. The average application was for $269,485, and applicants reported an average income of $151,496. 65% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (2,776), Boston, MA (2,134) and Barnstable Town, MA (388) (applications in parentheses).
| Mortgage Company & Address | Eastern Bank 125 High St Boston, MA 02110 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 5,977 |
| Total Mortgage Loan Application Amount | $1,610,715,000 |
| Average Mortgage Loan Application Amount | $269,485 |
| Highest Mortgage Loan Application Amount | $25,005,000 |
| Average Applicant Income | $151,496 |
| Highest Applicant Income | $6,121,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Eastern Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Essex, Massachusetts | 1,575 | $ 322,125,000 | $ 204,523 | $ 132,000 |
| Middlesex, Massachusetts | 1,201 | $ 394,905,000 | $ 328,813 | $ 159,000 |
| Plymouth, Massachusetts | 862 | $ 147,890,000 | $ 171,566 | $ 134,000 |
| Norfolk, Massachusetts | 644 | $ 182,240,000 | $ 282,981 | $ 170,000 |
| Suffolk, Massachusetts | 628 | $ 229,450,000 | $ 365,366 | $ 158,000 |
| Barnstable, Massachusetts | 388 | $ 97,730,000 | $ 251,881 | $ 168,000 |
| Bristol, Massachusetts | 128 | $ 28,200,000 | $ 220,312 | $ 127,000 |
| Rockingham, New Hampshire | 110 | $ 25,190,000 | $ 229,000 | $ 218,000 |
| Hillsborough, New Hampshire | 90 | $ 23,000,000 | $ 255,555 | $ 140,000 |
| Washington, Rhode Island | 86 | $ 23,580,000 | $ 274,186 | $ 148,000 |
| Worcester, Massachusetts | 66 | $ 18,510,000 | $ 280,454 | $ 169,000 |
| Strafford, New Hampshire | 35 | $ 13,065,000 | $ 373,285 | $ 158,000 |
| Merrimack, New Hampshire | 28 | $ 5,650,000 | $ 201,785 | $ 102,000 |
| Providence, Rhode Island | 20 | $ 22,250,000 | $ 1,112,500 | $ 137,000 |
| New London, Connecticut | 19 | $ 4,045,000 | $ 212,894 | $ 105,000 |
| Carroll, New Hampshire | 19 | $ 7,185,000 | $ 378,157 | $ 233,000 |
| Belknap, New Hampshire | 11 | $ 4,285,000 | $ 389,545 | $ 160,000 |
| Nantucket, Massachusetts | 9 | $ 37,145,000 | $ 4,127,222 | $ 523,000 |
| Newport, Rhode Island | 9 | $ 2,725,000 | $ 302,777 | $ 421,000 |
| Dukes, Massachusetts | 7 | $ 2,655,000 | $ 379,285 | $ 252,000 |
| Grafton, New Hampshire | 7 | $ 945,000 | $ 135,000 | $ 117,000 |
| Kent, Rhode Island | 7 | $ 1,535,000 | $ 219,285 | $ 119,000 |
| York, Maine | 4 | $ 1,060,000 | $ 265,000 | $ 2,066,000 |
| Hampden, Massachusetts | 4 | $ 1,580,000 | $ 395,000 | $ 113,000 |
| Sullivan, New Hampshire | 3 | $ 505,000 | $ 168,333 | $ 261,000 |
| Fairfield, Connecticut | 2 | $ 6,310,000 | $ 3,155,000 | $ 1,170,000 |
| Middlesex, Connecticut | 2 | $ 420,000 | $ 210,000 | $ 331,000 |
| Berkshire, Massachusetts | 2 | $ 1,110,000 | $ 555,000 | $ 360,000 |
| Coos, New Hampshire | 2 | $ 40,000 | $ 20,000 | $ 122,000 |
| Bristol, Rhode Island | 2 | $ 1,050,000 | $ 525,000 | $ 120,000 |
| Hartford, Connecticut | 1 | $ 265,000 | $ 265,000 | $ 244,000 |
| Tolland, Connecticut | 1 | $ 2,925,000 | $ 2,925,000 | $ 0 |
| Miami-Dade, Florida | 1 | $ 735,000 | $ 735,000 | $ 0 |
| Aroostook, Maine | 1 | $ 15,000 | $ 15,000 | $ 116,000 |
| Cheshire, New Hampshire | 1 | $ 45,000 | $ 45,000 | $ 154,000 |
| Dallas, Texas | 1 | $ 75,000 | $ 75,000 | $ 42,000 |
Mortgage Loan Application Detail Totals for Eastern Bank in 2019
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 1,814 | $465,010,000 | $256,000 | $7,235,000 | $158,000 | $6,121,000 |
| Home Improvement | 1,720 | $231,510,000 | $134,000 | $22,005,000 | $139,000 | $3,605,000 |
| Other Purpose | 957 | $134,325,000 | $140,000 | $1,665,000 | $149,000 | $3,516,000 |
| Home Purchase | 844 | $422,850,000 | $501,000 | $25,005,000 | $170,000 | $3,775,000 |
| Cash-out Refinancing | 642 | $357,020,000 | $556,000 | $18,005,000 | $146,000 | $2,900,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 4,389 | $978,095,000 | $222,000 | $2,505,000 | $153,000 | $3,775,000 |
| Not Provided | 458 | $99,080,000 | $216,000 | $2,365,000 | $200,000 | $6,121,000 |
| Hispanic | 379 | $78,535,000 | $207,000 | $1,295,000 | $105,000 | $1,125,000 |
| Asian | 290 | $79,590,000 | $274,000 | $1,285,000 | $147,000 | $1,831,000 |
| Black or African American | 276 | $56,610,000 | $205,000 | $1,405,000 | $119,000 | $1,622,000 |
| Not applicable | 143 | $310,845,000 | $2,173,000 | $25,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 10 | $1,060,000 | $106,000 | $305,000 | $80,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $965,000 | $193,000 | $255,000 | $79,000 | $140,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 5,868 | $1,573,840,000 | $268,000 | $25,005,000 | $152,000 | $6,121,000 |
| FHA-insured (Federal Housing Administration) | 98 | $32,860,000 | $335,000 | $775,000 | $91,000 | $217,000 |
| VA-guaranteed (Veterans Administration) | 11 | $4,015,000 | $365,000 | $545,000 | $99,000 | $164,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 3,896 | $1,164,220,000 | $298,000 | $25,005,000 | $161,000 | $6,121,000 |
| Application Denied By Financial Institution | 1,469 | $257,195,000 | $175,000 | $1,985,000 | $112,000 | $3,516,000 |
| Application Withdrawn By Applicant | 271 | $97,855,000 | $361,000 | $2,505,000 | $162,000 | $1,649,000 |
| Application Approved But Not Accepted | 228 | $44,170,000 | $193,000 | $1,445,000 | $174,000 | $3,775,000 |
| File Closed For Incompleteness | 112 | $47,000,000 | $419,000 | $2,505,000 | $267,000 | $2,722,000 |
| Preapproval Denied by Financial Institution | 1 | $275,000 | $275,000 | $275,000 | $68,000 | $68,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 4,507 | $1,353,245,000 | $300,000 | $25,005,000 | $165,000 | $6,121,000 |
| Debt-To-Income Ratio | 543 | $99,405,000 | $183,000 | $1,505,000 | $69,000 | $556,000 |
| Credit History | 487 | $73,545,000 | $151,000 | $1,505,000 | $131,000 | $2,085,000 |
| Collateral | 374 | $63,650,000 | $170,000 | $1,405,000 | $146,000 | $3,516,000 |
| Other | 38 | $7,940,000 | $208,000 | $785,000 | $148,000 | $556,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $5,345,000 | $411,000 | $1,205,000 | $126,000 | $611,000 |
| Unverifiable Information | 10 | $6,040,000 | $604,000 | $1,985,000 | $176,000 | $583,000 |
| Credit Application Incomplete | 3 | $555,000 | $185,000 | $305,000 | $92,000 | $114,000 |
| Employment History | 2 | $990,000 | $495,000 | $535,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Eastern Bank's 2019 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Eastern Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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