Everett Co-operative Bank Mortgage Rates, Fees & Info
Everett, MALEI: 549300C2GTHMQQJ5CS20
Tax ID: 04-1294820
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Everett Co-operative Bank is a smaller bank specializing in Home Purchase and Refi loans. Everett Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Portland, Providence, and Laconia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Everett 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
181Origination Dollar Volume (All Markets)
$162,315,000Top 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) | 166 | $149,640,000 | $901,446 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 6 | $9,850,000 | $1,641,667 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 181 | $162,315,000 | $896,768 | $0 | 0.00% |
For 2024, Everett Co-operative Bank's most frequently originated type of loan was Conventional, with 181 originations.
Loan Reason
For 2024, Everett Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 181 | $162,315,000 | $896,768 | $0 | 0.00% |
For 2024, Everett Co-operative Bank's most frequently cited loan duration was Other, with 181 originations.
Loan Sizing
2024 saw Everett Co-operative Bank place emphasis on $1MM+ loans with 47 originations, totaling $119,065,000 in origination value.
Applicant Income
Everett Co-operative Bank lent most frequently to those with incomes in the $250k+ range, with 42 originations. The second most popular income band? $150k-250k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 181 | $162,315,000 | $896,768 | $0 | 0.00% |
Everett Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.64%
Everett Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.64%
Everett Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 181 | $162,315,000 | $896,768 |