Winchester Co-operative Bank Mortgage Rates, Fees & Info
Winchester, MALEI: 549300E4I5AJ7XJ4DL31
Tax ID: 04-1978070
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Winchester 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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Originations
228Origination Dollar Volume (All Markets)
$139,720,000Top 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) | 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:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 228 | $139,720,000 | $612,807 | $0 | 0.00% |
For 2022, Winchester Co-operative Bank's most frequently originated type of loan was Conventional, with 228 originations.
Loan Reason
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 Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 228 | $139,720,000 | $612,807 | $0 | 0.00% |
For 2022, Winchester Co-operative Bank's most frequently cited loan duration was Other, with 228 originations.
Loan Sizing
2022 saw Winchester Co-operative Bank place emphasis on $600k-1MM loans with 63 originations, totaling $47,765,000 in origination value.
Applicant Income
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 |
|---|---|---|---|---|---|
| Exempt% | 228 | $139,720,000 | $612,807 | $0 | 0.00% |
Winchester Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 228 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.15%
Winchester Co-operative Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.79%
Winchester Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 228 | $139,720,000 | $612,807 |