Applications / Mortgage Analytics / Lenders / Massachusetts / Leader Bank
Arlington, MA · National bank · OCC · $5.0 billion assets · 6,274 loans in 2025
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6,274
loans originated, 2025
7,670
applications, 2025
46
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Leader Bank is a Massachusetts lender of large purchase loans that ranked 2 of 664 in Boston-Cambridge-Newton and grew originations 16% in 2025, faster than about three in four similar lenders.
Its typical loan was $495,000, against $220,000 at similar lenders (national banks making between half and twice as many loans), larger than about four in five of them. Purchase loans made up 71.7% of its lending, and 9.3% of loans were jumbo (larger than the conforming limit), against 5.3%.
It made 14.4% of its loans to LMI (low- and moderate-income) borrowers, against 30.7% at peers, among the lowest fifth, and 14.4% in LMI areas, against 17.9%. Large loans in its Massachusetts markets may mean fewer of its borrowers fall under the income limits, and its purchase focus may draw buyers further up the income range. Both shares rose from 12.3% and 10.6% five years before.
Originations rose 16% to 6,274, against 2% for peers and 10% for the whole market, though they remain below the 13,608 of 2020. It also bought 400 loans from other lenders, against 1 the year before.
Its share of higher-priced loans (a rate well above the average for similar loans) was 0.0%, against 1.6%, among the lowest tenth. It turned down 1.6% of decided first-lien home-purchase applications on owner-occupied homes and 1.3% of refinance applications, the lowest among peers, against 9.4% and 21.0%. Borrowers screened before they apply, or strong credit among large-loan borrowers, could explain this.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Leader Bank took 7,670 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 71.7% · Refinance 18.7% · Other 8.9% · Home improvement 0.7%
Conventional 97.9% · FHA 1.1% · VA 0.9% · of 6,274 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 4,926 | 78.5% |
| New Hampshire | 248 | 4.0% |
| Connecticut | 177 | 2.8% |
| Rhode Island | 124 | 2.0% |
| Florida | 114 | 1.8% |
| Maine | 60 | 1.0% |
| California | 58 | 0.9% |
| Texas | 53 | 0.8% |
| North Carolina | 51 | 0.8% |
| New Jersey | 37 | 0.6% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 2,304 |
| Boston | 1,699 |
| Worcester | 436 |
| Barnstable Town | 279 |
| Providence-Warwick | 275 |
| Hartford-West Hartford-East Hartford | 114 |
| Manchester-Nashua | 99 |
| Rockingham County-Strafford County | 96 |
| Portland-South Portland | 42 |
| Bridgeport-Stamford-Danbury | 29 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300FK3AFCFVAPH234 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3109146 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 124131 | 2003–2017 |
Established 8 May 2002. Reported under HMDA 2003-2025.
Mergers, name changes, data editions and corrections: Leader Bank's data.
Leader Bank's data
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