Dean Co-operative Bank Mortgage Rates, Fees & Info

Franklin, MA

LEI: 549300DASRDHPPEK5V15

Tax ID: 04-1237280

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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

150

Origination Dollar Volume (All Markets)

$27,570,000

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) 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%
Dean Co-operative Bank's top markets include Boston, Worcester, Providence, and Barnstable Town among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 61 $5,685,000 $93,197 $0 0.00%
    Home Purchase 35 $13,455,000 $384,429 $0 0.00%
    Cash Out Refi 27 $5,265,000 $195,000 $0 0.00%
    Other 18 $1,550,000 $86,111 $0 0.00%
    Refi 9 $1,615,000 $179,444 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $3,660,000 $48,158 $0 0.00%
    $200k-400k 38 $11,280,000 $296,842 $0 0.00%
    $100k-200k 20 $2,660,000 $133,000 $0 0.00%
    $400k-600k 9 $4,315,000 $479,444 $0 0.00%
    $600k-1MM 7 $5,655,000 $807,857 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 41 $6,625,000 $161,585 $0 0.00%
    $150k-250k 40 $7,640,000 $191,000 $0 0.00%
    $75k-100k 22 $3,190,000 $145,000 $0 0.00%
    $250k+ 15 $5,535,000 $369,000 $0 0.00%
    $50k-75k 13 $1,365,000 $105,000 $0 0.00%
    $50k or less 7 $275,000 $39,286 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $18,620,000 $163,333 $0 0.00%
    Not provided 18 $4,120,000 $228,889 $0 0.00%
    Not applicable 8 $2,360,000 $295,000 $0 0.00%
    Asian 5 $1,605,000 $321,000 $0 0.00%
    Asian Indian 1 $415,000 $415,000 $0 0.00%
    American Indian 1 $305,000 $305,000 $0 0.00%
    Black 2 $100,000 $50,000 $0 0.00%
    Filipino 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.57%

    Dean Co-operative Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.67%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    150 $27,570,000 $183,800