Canton Co-operative Bank Mortgage Rates, Fees & Info

Canton, MA

LEI: 254900PWTPCOI9QU5G90

Tax ID: 04-1207230

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Canton Co-operative Bank is a smaller bank specializing in Home Purchase and Refi loans. Canton Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, and Barnstable Town among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Canton Co-operative Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    24

    Origination Dollar Volume (All Markets)

    $10,260,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 18 $7,940,000 $441,111 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 3 $1,225,000 $408,333 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    Canton Co-operative Bank's top markets include Boston, Worcester, Providence, and Barnstable Town among others.

    Their top states include:
  • (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $10,260,000 $427,500 $0 0.00%

    For 2022, Canton Co-operative Bank's most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $7,110,000 $444,375 $0 0.00%
    Refi 8 $3,150,000 $393,750 $0 0.00%

    For 2022, Canton Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 24 $10,260,000 $427,500 $0 0.00%

    For 2022, Canton Co-operative Bank's most frequently cited loan duration was Other, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 11 $4,795,000 $435,909 $0 0.00%
    $200k-400k 10 $2,690,000 $269,000 $0 0.00%
    $600k-1MM 2 $1,740,000 $870,000 $0 0.00%
    $1MM+ 1 $1,035,000 $1,035,000 $0 0.00%

    2022 saw Canton Co-operative Bank place emphasis on $400k-600k loans with 11 originations, totaling $4,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $3,760,000 $470,000 $0 0.00%
    $100k-150k 4 $1,550,000 $387,500 $0 0.00%
    $250k+ 3 $1,035,000 $345,000 $0 0.00%
    $75k-100k 3 $1,025,000 $341,667 $0 0.00%
    $50k-75k 2 $410,000 $205,000 $0 0.00%
    $50k or less 1 $255,000 $255,000 $0 0.00%

    Canton Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 24 $10,260,000 $427,500 $0 0.00%

    Canton Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 18 $7,090,000 $393,889 $0 0.00%
    Not applicable 3 $2,225,000 $741,667 $0 0.00%
    Not provided 3 $945,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Canton Co-operative Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    70.83%

    Canton Co-operative Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 24 $10,260,000 $427,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    24 $10,260,000 $427,500