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 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.
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Originations
114Origination Dollar Volume (All Markets)
$111,420,000Top 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) | 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% |
Their top states include:
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
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
2022 saw Stonehambank A Co-operative Bank place emphasis on $1MM+ loans with 37 originations, totaling $78,335,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications93.75%
Stonehambank A Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.96%
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 |