Stoughton Co-operative Bank Mortgage Rates, Fees & Info

Stoughton, MA

LEI: 54930083CVF047DLXL67

Tax ID: 04-1875980

Latest/2024 | 2023 Data | 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

    Stoughton Co-operative Bank is a smaller bank specializing in Home Purchase loans. Stoughton Co-operative Bank has a high proportion of conventional loans. Their top two markets are Boston and Providence .

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

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    Originations

    17

    Origination Dollar Volume (All Markets)

    $6,405,000

    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) 9 $3,365,000 $373,889 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $2,480,000 $413,333 $0 0.00%
    Outside of Metro Areas 2 $560,000 $280,000 $0 0.00%
    Stoughton Co-operative Bank's top markets include Boston and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 17 $6,405,000 $376,765 $0 0.00%

    For 2024, Stoughton Co-operative Bank's most frequently originated type of loan was Conventional, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $5,350,000 $382,143 $0 0.00%
    Refi 2 $850,000 $425,000 $0 0.00%
    Cash Out Refi 1 $205,000 $205,000 $0 0.00%

    For 2024, Stoughton Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 17 $6,405,000 $376,765 $0 0.00%

    For 2024, Stoughton Co-operative Bank's most frequently cited loan duration was Other, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 10 $4,730,000 $473,000 $0 0.00%
    $200k-400k 6 $1,600,000 $266,667 $0 0.00%
    $100,000 or less 1 $75,000 $75,000 $0 0.00%

    2024 saw Stoughton Co-operative Bank place emphasis on $400k-600k loans with 10 originations, totaling $4,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $1,920,000 $320,000 $0 0.00%
    $150k-250k 4 $1,940,000 $485,000 $0 0.00%
    $250k+ 2 $920,000 $460,000 $0 0.00%
    $50k-75k 2 $420,000 $210,000 $0 0.00%
    $75k-100k 1 $455,000 $455,000 $0 0.00%

    Stoughton Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 17 $6,405,000 $376,765 $0 0.00%

    Stoughton Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9 $2,905,000 $322,778 $0 0.00%
    Not provided 4 $1,930,000 $482,500 $0 0.00%
    Asian 2 $820,000 $410,000 $0 0.00%
    Not applicable 2 $750,000 $375,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.82%

    Stoughton Co-operative Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    47.06%

    Stoughton Co-operative Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 17 $6,405,000 $376,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    17 $6,405,000 $376,765