Wrentham Co-operative Bank Mortgage Rates, Fees & Info

WRENTHAM, MA

LEI: 549300B4RK7F18UZ4X46

Tax ID: 04-1991475

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

Jump to:

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 markets by origination volume include: Boston, Providence, and Worcester among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

38

Origination Dollar Volume (All Markets)

$21,420,000

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) 33 $18,945,000 $574,091 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $2,180,000 $545,000 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Wrentham Co-operative Bank's top markets include Boston, Providence, and Worcester among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $21,420,000 $563,684 $0 0.00%

    For 2023, Wrentham Co-operative Bank's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 31 $19,045,000 $614,355 $0 0.00%
    Other 3 $1,315,000 $438,333 $0 0.00%
    Cash Out Refi 3 $1,045,000 $348,333 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2023, Wrentham Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Other, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 38 $21,420,000 $563,684 $0 0.00%

    For 2023, Wrentham Co-operative Bank's most frequently cited loan duration was Other, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 17 $12,495,000 $735,000 $0 0.00%
    $400k-600k 10 $5,390,000 $539,000 $0 0.00%
    $200k-400k 7 $2,125,000 $303,571 $0 0.00%
    $100k-200k 2 $230,000 $115,000 $0 0.00%
    $100,000 or less 1 $15,000 $15,000 $0 0.00%
    $1MM+ 1 $1,165,000 $1,165,000 $0 0.00%

    2023 saw Wrentham Co-operative Bank place emphasis on $600k-1MM loans with 17 originations, totaling $12,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 16 $9,100,000 $568,750 $0 0.00%
    $250k+ 15 $10,625,000 $708,333 $0 0.00%
    $100k-150k 3 $745,000 $248,333 $0 0.00%
    $75k-100k 3 $825,000 $275,000 $0 0.00%
    $50k-75k 1 $125,000 $125,000 $0 0.00%

    Wrentham Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $250k+, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 38 $21,420,000 $563,684 $0 0.00%

    Wrentham Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $17,680,000 $589,333 $0 0.00%
    Not provided 7 $3,165,000 $452,143 $0 0.00%
    Asian 1 $575,000 $575,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.06%

    Wrentham Co-operative Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.84%

    Wrentham Co-operative Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 38 $21,420,000 $563,684

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    38 $21,420,000 $563,684