Stonehambank A Co-operative Bank Mortgage Rates, Fees & Info
Stoneham, MALEI: 549300M2W1M6WRAK9S59
Tax ID: 04-1875230
Latest/2024 | 2023 Data | 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 and Refi loans. Stonehambank A Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Worcester, Barnstable Town, and Manchester 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 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
60Origination Dollar Volume (All Markets)
$53,540,000Top 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) | 49 | $41,875,000 | $854,592 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 4 | $5,660,000 | $1,415,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $2,705,000 | $2,705,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 4 | $2,280,000 | $570,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $52,785,000 | $894,661 | $0 | 0.00% |
| VA | 1 | $755,000 | $755,000 | $0 | 0.00% |
For 2024, Stonehambank A Co-operative Bank's most frequently originated type of loan was Conventional, with 59 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2024, Stonehambank A Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 60 | $53,540,000 | $892,333 | $0 | 0.00% |
For 2024, Stonehambank A Co-operative Bank's most frequently cited loan duration was Other, with 60 originations.
Loan Sizing
2024 saw Stonehambank A Co-operative Bank place emphasis on $1MM+ loans with 18 originations, totaling $33,810,000 in origination value.
Applicant Income
Stonehambank A Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 60 | $53,540,000 | $892,333 | $0 | 0.00% |
Stonehambank A Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.61%
Stonehambank A Co-operative Bank has a below average approval rate.
Pick Rate
Approvals leading to origination85.00%
Stonehambank A Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 60 | $53,540,000 | $892,333 |