Everett Co-operative Bank Mortgage Rates, Fees & Info

Everett, MA

LEI: 549300C2GTHMQQJ5CS20

Tax ID: 04-1294820

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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, Barnstable Town, Worcester, Providence, and Naples among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Everett 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

311

Origination Dollar Volume (All Markets)

$458,925,000

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) 295 $449,295,000 $1,523,034 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $3,665,000 $1,221,667 $0 0.00%
Outside of Metro Areas 4 $2,130,000 $532,500 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $1,530,000 $765,000 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $930,000 $465,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Everett Co-operative Bank's top markets include Boston, Barnstable Town, Worcester, Providence, and Naples among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 311 $458,925,000 $1,475,643 $0 0.00%

    For 2022, Everett Co-operative Bank's most frequently originated type of loan was Conventional, with 311 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 114 $176,600,000 $1,549,123 $0 0.00%
    Other 76 $16,670,000 $219,342 $0 0.00%
    Cash Out Refi 55 $25,855,000 $470,091 $0 0.00%
    Refi 52 $210,990,000 $4,057,500 $0 0.00%
    Home Improvement 14 $28,810,000 $2,057,857 $0 0.00%

    For 2022, Everett Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Other, with 76 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 311 $458,925,000 $1,475,643 $0 0.00%

    For 2022, Everett Co-operative Bank's most frequently cited loan duration was Other, with 311 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 82 $367,890,000 $4,486,463 $0 0.00%
    $200k-400k 77 $21,635,000 $280,974 $0 0.00%
    $400k-600k 54 $26,280,000 $486,667 $0 0.00%
    $600k-1MM 51 $37,935,000 $743,824 $0 0.00%
    $100k-200k 35 $4,595,000 $131,286 $0 0.00%
    $100,000 or less 12 $590,000 $49,167 $0 0.00%

    2022 saw Everett Co-operative Bank place emphasis on $1MM+ loans with 82 originations, totaling $367,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 64 $29,460,000 $460,313 $0 0.00%
    $250k+ 55 $37,465,000 $681,182 $0 0.00%
    $100k-150k 44 $15,780,000 $358,636 $0 0.00%
    $75k-100k 32 $8,170,000 $255,313 $0 0.00%
    $50k-75k 14 $3,160,000 $225,714 $0 0.00%
    $50k or less 4 $370,000 $92,500 $0 0.00%

    Everett Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 64 originations. The second most popular income band? $250k+, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 311 $458,925,000 $1,475,643 $0 0.00%

    Everett Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 311 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 96 $363,330,000 $3,784,688 $0 0.00%
    White 157 $65,565,000 $417,611 $0 0.00%
    Not provided 42 $19,240,000 $458,095 $0 0.00%
    Asian 15 $10,155,000 $677,000 $0 0.00%
    Black 1 $635,000 $635,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.23%

    Everett Co-operative Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.82%

    Everett Co-operative Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 311 $458,925,000 $1,475,643

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    311 $458,925,000 $1,475,643