Dean Co-operative Bank Mortgage Rates, Fees & Info

Franklin, MA

LEI: 549300DASRDHPPEK5V15

Tax ID: 04-1237280

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Dean Co-operative Bank is a smaller bank specializing in Cash Out Refi 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    161

    Origination Dollar Volume (All Markets)

    $30,335,000

    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) 74 $12,640,000 $170,811 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 56 $9,050,000 $161,607 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 25 $6,455,000 $258,200 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 6 $2,190,000 $365,000 $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 161 $30,335,000 $188,416 $0 0.00%

    For 2022, Dean Co-operative Bank's most frequently originated type of loan was Conventional, with 161 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 51 $3,335,000 $65,392 $0 0.00%
    Cash Out Refi 43 $8,195,000 $190,581 $0 0.00%
    Home Purchase 34 $13,590,000 $399,706 $0 0.00%
    Other 19 $1,355,000 $71,316 $0 0.00%
    Refi 14 $3,860,000 $275,714 $0 0.00%

    For 2022, Dean Co-operative Bank's most frequently cited loan purpose was Home Improvement, with 51 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 161 $30,335,000 $188,416 $0 0.00%

    For 2022, Dean Co-operative Bank's most frequently cited loan duration was Other, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,210,000 $45,857 $0 0.00%
    $200k-400k 36 $9,780,000 $271,667 $0 0.00%
    $100k-200k 34 $4,550,000 $133,824 $0 0.00%
    $400k-600k 17 $8,255,000 $485,588 $0 0.00%
    $1MM+ 2 $3,000,000 $1,500,000 $0 0.00%
    $600k-1MM 2 $1,540,000 $770,000 $0 0.00%

    2022 saw Dean Co-operative Bank place emphasis on $100,000 or less loans with 70 originations, totaling $3,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $8,600,000 $172,000 $0 0.00%
    $150k-250k 34 $6,680,000 $196,471 $0 0.00%
    $75k-100k 25 $2,685,000 $107,400 $0 0.00%
    $50k-75k 24 $2,550,000 $106,250 $0 0.00%
    $50k or less 9 $1,195,000 $132,778 $0 0.00%
    $250k+ 5 $1,385,000 $277,000 $0 0.00%

    Dean Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $150k-250k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 161 $30,335,000 $188,416 $0 0.00%

    Dean Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $19,985,000 $154,922 $0 0.00%
    Not applicable 14 $7,240,000 $517,143 $0 0.00%
    Not provided 17 $3,045,000 $179,118 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.38%

    Dean Co-operative Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.02%

    Dean Co-operative Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 161 $30,335,000 $188,416

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    161 $30,335,000 $188,416