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Michael Barrett

Loan Originator, NMLS# 20312

Bio

At Leader Bank we are truly passionate about our profession, and the result is that nearly 80% of our business is by referral from satisfied clients, trusted financial advisors, and the most experienced realtors. Our mission is to carefully guide you through the entire home loan process, so that you feel confident as you make choices about the many options available for your financing strategy. With many years and a wide range of experience in the mortgage industry, our dedicated team stands ready to assist each and every step of the way.

The Bottom Line

There are a multitude of lenders and loan officers out there that want your business. I want your business. So why work with Leader Bank and why work with Mike?

Let’s start with Leader Bank; a local New England based company. One of the largest independent banks in the region. Leader Bank is a BANK. We process, underwrite, approve and close your loan. You deal with Leader Bank from application to closing. At our headquarters in Arlington, MA we have a strong experienced operations team who will quickly and seamlessly move your loan through the process. The foundation for our company’s rapid growth has been the commitment to quality service that we deliver every day to our borrowers and REALTOR partners. In business since 2002, Leader Bank has navigated through multiple mortgage cycles and has grown bigger and stronger every year. We are here for the long haul.

Check out Michael’s 300+ excellent reviews on Zillow!

NMLS#
20312

Needham Loan Office
160 Gould Street, Suite 205
Needham, MA 02494

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Tools

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Mike and the team worked around the clock to push our refi through during the pandemic and we had a quick and easy close right from the house. Got pretty close to where we wanted to be on rate and the no cost made it a no brainer!

Norton, MA

I refinanced my house with Mike in the middle of covid-19 pandemic. This was not a simple and straight forward refi. Mike helped us all the way. He is responsive, professional and pleasure to work with. Thanks Mike !!!

Alex & Anna, Marblehead, MA

I have dealt with Michael for years and just contacted him to start the process on another family member's home. He is responsive, has delivered as far as rates and getting to the finish line, and is a gentleman.

Richie, Wellesley, MA

Michael and his assistant Betty were both great to work with. Responses to my questions via email were extremely fast - very knowledgeable and to the point on all responses provided. Michael was very proactive in reaching out to me as soon as the rate dropped. I was a bit hesitant at first to use a lender that I found online without any referrals but in the end it was definitely a good choice. I will most likely be referring Michael to friends and family in the future.

Joe, Ayer, MA

Very responsive with quick follow-through and same-day turn around. Michael was able to find an ARM product that meet our needs and allowed us to maintain financing through a long escrow period (80 days).

Jonathan B., Salem, MA

Explore the Loan Process

Learn

Learn all you can about the loan process and ask lots of questions.

Apply for Loan

Complete, review, and submit your application. This will set the process in motion.

Connect with a Loan Officer

Your loan officer will reach out to you and review your application with you.

Credit Check & Prequalification

We will assess your credit, income, and assets to quickly determine what loan(s) you qualify for.

Documentation

Paperwork is still a big part of the loan process. We will email you forms to sign and a checklist of documents we’ll need.

Rate Lock & Appraisal

Once we’ve discussed the loan amount, the type of loan, and the rate that’s best for you, it’s time to lock in your rate and order your appraisal.

Underwriting & Approval

Our underwriting team will review and issue a decision detailing any conditions necessary for final loan approval.

Clear to Close

Once we have cleared necessary conditions our underwriting and closing team will make final preparations to close.

Closing

Loan documents are delivered to the closing attorney. The attorney will contact you to arrange a signing.

Funding

Once the signed documents are returned and reviewed, the closing attorney will request a wire transfer of the loan funds.

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