Dean Co-operative Bank Mortgage Rates, Fees & Info
Franklin, MALEI: 549300DASRDHPPEK5V15
Tax ID: 04-1237280
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Dean Co-operative Bank is a smaller bank specializing in Home Improvement and Home Purchase loans. Dean Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, and Barnstable Town among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Dean 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
150Origination Dollar Volume (All Markets)
$27,570,000Top 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) | 75 | $15,185,000 | $202,467 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 43 | $5,925,000 | $137,791 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 28 | $4,600,000 | $164,286 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 150 | $27,570,000 | $183,800 | $0 | 0.00% |
For 2023, Dean Co-operative Bank's most frequently originated type of loan was Conventional, with 150 originations.
Loan Reason
For 2023, Dean Co-operative Bank's most frequently cited loan purpose was Home Improvement, with 61 originations. The 2nd most popular reason was Home Purchase, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 150 | $27,570,000 | $183,800 | $0 | 0.00% |
For 2023, Dean Co-operative Bank's most frequently cited loan duration was Other, with 150 originations.
Loan Sizing
2023 saw Dean Co-operative Bank place emphasis on $100,000 or less loans with 76 originations, totaling $3,660,000 in origination value.
Applicant Income
Dean Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 41 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% | 150 | $27,570,000 | $183,800 | $0 | 0.00% |
Dean Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 150 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.57%
Dean Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.67%
Dean Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 150 | $27,570,000 | $183,800 |