Leader Bank NA
Arlington, MA
Leader Bank NA processed 6,683 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 5,398 loans with a 2.6% denial rate. Home Purchase was the primary loan purpose. Based in Arlington, MA. The approval rate of 80.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. Leader Bank NA processed 6,683 HMDA-reported mortgage applications in 2024, originating 5,398 loans and denying 171 for a denial rate of 2.6% (applicants themselves withdrew 822 files before a decision). The average loan amount was $513,927 at a 6.554% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300FK3AFCFVAPH234 from Arlington, MA.
Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Leader Bank NA's 80.8% origination rate tells you how often an application turned into funded money; the 2.6% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (6,496 applications).
How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 6,496 | 5,256 | 157 | $513,187 |
| FHA | 100 | 72 | 11 | $496,400 |
| VA | 87 | 70 | 3 | $589,368 |
Top loan types — Leader Bank NA
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Leader Bank NA (LEI: 549300FK3AFCFVAPH234) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Denial Analysis
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 5,249 | 4,219 | $550,113 |
| Other | 616 | 513 | $202,386 |
| Refinancing | 504 | 413 | $583,929 |
| Cash-out Refinancing | 265 | 212 | $381,792 |
| Home Improvement | 49 | 41 | $548,673 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 4,089 | 82.0% | 2.2% |
| Asian | 1,023 | 78.5% | 3.0% |
| Joint | 229 | 83.4% | 2.2% |
| Black or African American | 178 | 76.4% | 7.3% |
| American Indian or Alaska Native | 13 | 84.6% | 7.7% |
| 2 or more minority races | 4 | 75.0% | 0.0% |
| Native Hawaiian or Other Pacific Islander | 2 | 50.0% | 0.0% |
Lending by Ethnicity
Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.
| Ethnicity | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| Not Hispanic or Latino | 5,206 | 81.3% | 2.3% |
| Hispanic or Latino | 214 | 70.1% | 8.9% |
| Joint | 145 | 82.8% | 3.5% |
Nearby Lenders in MA
Other HMDA-reporting lenders in MA with similar activity. Compare any two side-by-side.
Digital Federal Credit Union
Marlborough, MA
ROCKLAND TRUST BANK
BROCKTON, MA
Eastern Bank
Lynn, MA
CAPE COD FIVE CENTS SAVINGS BANK
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SALEM FIVE CENTS SAVINGS BANK
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Mortgage Lending Guides
Frequently Asked Questions
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Data Sources
Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.
Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.