Wrentham Co-operative Bank Mortgage Rates, Fees & Info
WRENTHAM, MALEI: 549300B4RK7F18UZ4X46
Tax ID: 04-1991475
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Wrentham Co-operative Bank is a smaller bank specializing in Home Purchase loans. Wrentham Co-operative Bank has a high proportion of conventional loans. Their top two markets are Boston and Providence .Wrentham 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.
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Originations
24Origination Dollar Volume (All Markets)
$14,110,000Top 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) | 22 | $13,390,000 | $608,636 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $14,110,000 | $587,917 | $0 | 0.00% |
For 2024, Wrentham 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 | 20 | $12,310,000 | $615,500 | $0 | 0.00% |
| Cash Out Refi | 3 | $1,565,000 | $521,667 | $0 | 0.00% |
| Refi | 1 | $235,000 | $235,000 | $0 | 0.00% |
For 2024, Wrentham Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $14,110,000 | $587,917 | $0 | 0.00% |
For 2024, Wrentham Co-operative Bank's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2024 saw Wrentham Co-operative Bank place emphasis on $600k-1MM loans with 10 originations, totaling $6,930,000 in origination value.
Applicant Income
Wrentham Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $14,110,000 | $587,917 | $0 | 0.00% |
Wrentham Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 24 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.00%
Wrentham Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
Wrentham Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 24 | $14,110,000 | $587,917 |