Everett Co-operative Bank Mortgage Rates, Fees & Info
Everett, MALEI: 549300C2GTHMQQJ5CS20
Tax ID: 04-1294820
Latest/2023 | 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, Manchester, Barnstable Town, and Springfield among others. We have data for 8 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
209Origination Dollar Volume (All Markets)
$166,455,000Top 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) | 190 | $150,030,000 | $789,632 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $6,405,000 | $6,405,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $4,360,000 | $1,090,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 8 | $3,220,000 | $402,500 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,480,000 | $740,000 | $0 | 0.00% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 209 | $166,455,000 | $796,435 | $0 | 0.00% |
For 2023, Everett Co-operative Bank's most frequently originated type of loan was Conventional, with 209 originations.
Loan Reason
For 2023, Everett Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Other, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 209 | $166,455,000 | $796,435 | $0 | 0.00% |
For 2023, Everett Co-operative Bank's most frequently cited loan duration was Other, with 209 originations.
Loan Sizing
2023 saw Everett Co-operative Bank place emphasis on $200k-400k loans with 51 originations, totaling $14,385,000 in origination value.
Applicant Income
Everett Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 51 originations. The second most popular income band? $250k+, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 209 | $166,455,000 | $796,435 | $0 | 0.00% |
Everett Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 209 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.70%
Everett Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.43%
Everett Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 209 | $166,455,000 | $796,435 |