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

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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

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

    Wrentham 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

    47

    Origination Dollar Volume (All Markets)

    $10,725,000

    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) 40 $8,890,000 $222,250 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $805,000 $268,333 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
    Wrentham Co-operative Bank's top markets include Boston, Providence, Barnstable Town, and Worcester among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 47 $10,725,000 $228,191 $0 0.00%

    For 2019, Wrentham Co-operative Bank's most frequently originated type of loan was Conventional, with 47 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 15 $4,585,000 $305,667 $0 0.00%
    Other 13 $885,000 $68,077 $0 0.00%
    Refi 13 $3,905,000 $300,385 $0 0.00%
    Home Purchase 4 $1,310,000 $327,500 $0 0.00%
    Home Improvement 2 $40,000 $20,000 $0 0.00%

    For 2019, Wrentham Co-operative Bank's most frequently cited loan purpose was Cash Out Refi, with 15 originations. The 2nd most popular reason was Other, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 47 $10,725,000 $228,191 $0 0.00%

    For 2019, Wrentham Co-operative Bank's most frequently cited loan duration was Other, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 17 $5,035,000 $296,176 $0 0.00%
    $100,000 or less 13 $605,000 $46,538 $0 0.00%
    $100k-200k 10 $1,420,000 $142,000 $0 0.00%
    $400k-600k 6 $3,000,000 $500,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2019 saw Wrentham Co-operative Bank place emphasis on $200k-400k loans with 17 originations, totaling $5,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $5,550,000 $308,333 $0 0.00%
    $100k-150k 15 $3,025,000 $201,667 $0 0.00%
    $75k-100k 6 $920,000 $153,333 $0 0.00%
    $250k+ 5 $1,035,000 $207,000 $0 0.00%
    $50k or less 2 $150,000 $75,000 $0 0.00%
    $50k-75k 1 $45,000 $45,000 $0 0.00%

    Wrentham Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 47 $10,725,000 $228,191 $0 0.00%

    Wrentham Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 47 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $9,565,000 $222,442 $0 0.00%
    Not provided 3 $1,145,000 $381,667 $0 0.00%
    Filipino 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.03%

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

    Pick Rate

    Approvals leading to origination
    78.72%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 47 $10,725,000 $228,191

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 47 $10,725,000 $228,191