Eastern Bank mortgage approval rate & lending review
Eastern Bank decided 12,237 mortgage applications and funded 7,948 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Eastern Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Eastern Bank at a glance
Approval is 2.3 points below the 72.4% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 80% | 1,802 / 2,249 | 97% | $385K | 1,746 |
| Home improvement loans | 64% | 3,327 / 5,169 | 90% | $115K | 3,011 |
| Cash-out refinance | 59% | 133 / 226 | 98% | $425K | 131 |
| Refinance | 74% | 2,938 / 3,986 | 92% | $205K | 2,713 |
| Investment property purchase | 76% | 182 / 239 | 98% | $475K | 178 |
| Investment cash-out refinance | 68% | 43 / 63 | 86% | $495K | 37 |
| Investment refinance | 55% | 71 / 128 | 89% | $405K | 63 |
| Investment home improvement | 47% | 83 / 177 | 83% | $205K | 69 |
Eastern Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 70% | $205K | 11,436 | 7,385 |
| New Hampshire | 73% | $175K | 587 | 401 |
| Rhode Island | 80% | $375K | 179 | 137 |
| Connecticut | 77% | $305K | 30 | 22 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Eastern Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Essex County, MA | Home improvement loans | 61% | 1,326 | 733 |
| Essex County, MA | Refinance | 74% | 1,019 | 703 |
| Middlesex County, MA | Home improvement loans | 69% | 1,055 | 661 |
| Middlesex County, MA | Refinance | 74% | 975 | 655 |
| Plymouth County, MA | Home improvement loans | 65% | 844 | 492 |
| Plymouth County, MA | Refinance | 75% | 590 | 415 |
| Middlesex County, MA | Mortgage lenders | 80% | 496 | 379 |
| Suffolk County, MA | Mortgage lenders | 81% | 430 | 344 |
| Norfolk County, MA | Refinance | 75% | 477 | 327 |
| Norfolk County, MA | Home improvement loans | 65% | 541 | 316 |
| Essex County, MA | Mortgage lenders | 80% | 352 | 272 |
| Suffolk County, MA | Home improvement loans | 60% | 468 | 249 |
The county markets where Eastern Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Eastern Bank
What is Eastern Bank's mortgage approval rate?
Eastern Bank approved 70.1% of the 12,237 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 2.3 points below the 72.4% national rate for the same mix of loan types.
How often do borrowers take the loan Eastern Bank offers?
Borrowers accepted 93% of the loans Eastern Bank approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Eastern Bank make?
The typical home improvement loan loan Eastern Bank made was $115K; across all loan types its typical loan ran from $115K to $495K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Eastern Bank lend?
Eastern Bank decided applications in 6 of the states Fat Boy Data covers, most of them in Massachusetts, New Hampshire and Rhode Island.
Can I apply to Eastern Bank directly?
Yes. Eastern Bank is a bank or credit union with 132 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Eastern Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Eastern Bank treats applications, then get a rate quote from the lender.