Stonehambank A Co-operative Bank Mortgage Rates, Fees & Info

Stoneham, MA

LEI: 549300M2W1M6WRAK9S59

Tax ID: 04-1875230

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

Jump to:

Mortgage Data

Review & Overview

Stonehambank A Co-operative Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Stonehambank A Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Worcester, Manchester, and Barnstable Town 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.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

114

Origination Dollar Volume (All Markets)

$111,420,000

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) 82 $90,570,000 $1,104,512 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 20 $15,740,000 $787,000 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 7 $3,045,000 $435,000 $0 0.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $1,465,000 $488,333 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
Outside of Metro Areas 1 $155,000 $155,000 $0 0.00%
Stonehambank A Co-operative Bank's top markets include Boston, Providence, Worcester, Manchester, and Barnstable Town among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 114 $111,420,000 $977,368 $0 0.00%

    For 2022, Stonehambank A Co-operative Bank's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 45 $48,785,000 $1,084,111 $0 0.00%
    Home Purchase 44 $39,060,000 $887,727 $0 0.00%
    Refi 17 $17,705,000 $1,041,471 $0 0.00%
    Home Improvement 6 $5,160,000 $860,000 $0 0.00%
    Other 2 $710,000 $355,000 $0 0.00%

    For 2022, Stonehambank A Co-operative Bank's most frequently cited loan purpose was Cash Out Refi, with 45 originations. The 2nd most popular reason was Home Purchase, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 114 $111,420,000 $977,368 $0 0.00%

    For 2022, Stonehambank A Co-operative Bank's most frequently cited loan duration was Other, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 37 $78,335,000 $2,117,162 $0 0.00%
    $200k-400k 31 $9,625,000 $310,484 $0 0.00%
    $400k-600k 22 $10,130,000 $460,455 $0 0.00%
    $600k-1MM 15 $12,065,000 $804,333 $0 0.00%
    $100k-200k 7 $1,155,000 $165,000 $0 0.00%
    $100,000 or less 2 $110,000 $55,000 $0 0.00%

    2022 saw Stonehambank A Co-operative Bank place emphasis on $1MM+ loans with 37 originations, totaling $78,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 14 $4,810,000 $343,571 $0 0.00%
    $250k+ 13 $15,085,000 $1,160,385 $0 0.00%
    $100k-150k 9 $3,365,000 $373,889 $0 0.00%
    $75k-100k 8 $2,490,000 $311,250 $0 0.00%
    $50k-75k 4 $840,000 $210,000 $0 0.00%
    $50k or less 2 $230,000 $115,000 $0 0.00%

    Stonehambank A Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $250k+, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 114 $111,420,000 $977,368 $0 0.00%

    Stonehambank A Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 114 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 60 $80,450,000 $1,340,833 $0 0.00%
    White 45 $26,745,000 $594,333 $0 0.00%
    Not provided 7 $3,985,000 $569,286 $0 0.00%
    Asian 2 $240,000 $120,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.75%

    Stonehambank A Co-operative Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.96%

    Stonehambank A Co-operative Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 114 $111,420,000 $977,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    114 $111,420,000 $977,368