Winchester Co-operative Bank Mortgage Rates, Fees & InfoWinchester, MA
Tax ID: 04-1978070
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewWinchester Co-operative Bank is a smaller bank specializing in Home Purchase and Refi loans. Winchester Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Manchester, Worcester, and Lebanon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)
Winchester Co-operative Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Origination Dollar Volume (All Markets)$139,720,000
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)||208||$129,570,000||$622,933||$0||0.00%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||8||$5,020,000||$627,500||$0||0.00%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||3||$2,285,000||$761,667||$0||0.00%|
|WORCESTER, MA-CT (FHA|USDA|VA)||4||$1,470,000||$367,500||$0||0.00%|
|Outside of Metro Areas||2||$590,000||$295,000||$0||0.00%|
|Lebanon, NH-VT (FHA|USDA|VA)||1||$415,000||$415,000||$0||0.00%|
|Berlin, NH (FHA|USDA|VA)||1||$255,000||$255,000||$0||0.00%|
|Laconia, NH (FHA|USDA|VA)||1||$115,000||$115,000||$0||0.00%|
Their top states include:
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Winchester Co-operative Bank's most frequently originated type of loan was Conventional, with 228 originations.
For 2022, Winchester Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 62 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Winchester Co-operative Bank's most frequently cited loan duration was Other, with 228 originations.
2022 saw Winchester Co-operative Bank place emphasis on $600k-1MM loans with 63 originations, totaling $47,765,000 in origination value.
Winchester Co-operative Bank lent most frequently to those with incomes in the $250k+ range, with 61 originations. The second most popular income band? $150k-250k, with 52 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Winchester Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 228 originations.
Approval RatesTotal approvals of all applications
Winchester Co-operative Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Winchester Co-operative Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|