Stonehambank A Co-operative Bank Mortgage Rates, Fees & Info
Stoneham, MALEI: 549300M2W1M6WRAK9S59
Tax ID: 04-1875230
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Stonehambank A Co-operative Bank is a smaller bank specializing in Home Purchase loans. Stonehambank A Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, Manchester, and Lebanon among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Stonehambank A 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
130Origination Dollar Volume (All Markets)
$79,050,000Top 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) | 111 | $67,565,000 | $608,694 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 7 | $4,945,000 | $706,429 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 8 | $4,600,000 | $575,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| Laconia, NH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $79,050,000 | $608,077 | $0 | 0.00% |
For 2023, Stonehambank A Co-operative Bank's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2023, Stonehambank A Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $79,050,000 | $608,077 | $0 | 0.00% |
For 2023, Stonehambank A Co-operative Bank's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2023 saw Stonehambank A Co-operative Bank place emphasis on $400k-600k loans with 43 originations, totaling $20,655,000 in origination value.
Applicant Income
Stonehambank A Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 38 originations. The second most popular income band? $250k+, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $79,050,000 | $608,077 | $0 | 0.00% |
Stonehambank A Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
Stonehambank A Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.54%
Stonehambank A Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $79,050,000 | $608,077 |