Cape Cod Co-operative Bank Mortgage Rates, Fees & Info
Yarmouth Port, MALEI: 549300TXW4YZE1CSWA75
Tax ID: 04-1148930
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cape Cod Co-operative Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Cape Cod Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Barnstable Town, Boston, Providence, Miami, and Worcester among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Cape Cod 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. Cape Cod Co-operative Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.35% | 3/24/23 |
| 30 Year Conventional Refi | 6.07% | 3/24/23 |
| 30 Year Cash-out Refi | 6.16% | 3/24/23 |
| 15 Year Conventional Refi | 5.58% | 3/24/23 |
| 15 Year Cash-out Refi | 5.58% | 3/24/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Originations
532Origination Dollar Volume (All Markets)
$296,150,000Awards
Cape Cod Co-operative Bank - 2022
Cape Cod Co-operative Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Cape Cod Co-operative Bank's average 30 year fixed mortgage rate was
3.91%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.85%.
Relative Fees (Closing Costs)
Cape Cod Co-operative Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,672.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 413 | $212,735,000 | $515,097 | $3,153 | 3.93% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 87 | $62,285,000 | $715,920 | $4,164 | 3.99% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 15 | $7,885,000 | $525,667 | $3,707 | 3.72% |
| Outside of Metro Areas | 2 | $5,410,000 | $2,705,000 | $15,030 | 5.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $3,590,000 | $598,333 | $5,744 | 3.56% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 7 | $2,815,000 | $402,143 | $3,204 | 4.12% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $6,182 | 3.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,090 | 4.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Cape Cod Co-operative Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 532 | $296,150,000 | $556,673 | $3,378 | 3.94% |
For 2022, Cape Cod Co-operative Bank's most frequently originated type of loan was Conventional, with 532 originations.
Loan Reason
For 2022, Cape Cod Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 288 originations. The 2nd most popular reason was Cash Out Refi, with 142 originations.
Loan Duration/Length
For 2022, Cape Cod Co-operative Bank's most frequently cited loan duration was 30 Year, with 395 originations. The 2nd most popular length was 20 Year, with 41 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 457 | $257,485,000 | $563,425 |
| $1k-2k | 15 | $3,595,000 | $239,667 |
| $2k-3k | 5 | $2,035,000 | $407,000 |
| $5k+ | 1 | $385,000 | $385,000 |
Cape Cod Co-operative Bank's average total fees were $3,672, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 457 originations.
Interest Rates
During 2022, Cape Cod Co-operative Bank's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 3-4%, with 270 originations.
Loan Sizing
2022 saw Cape Cod Co-operative Bank place emphasis on $200k-400k loans with 153 originations, totaling $46,425,000 in origination value.
Applicant Income
Cape Cod Co-operative Bank lent most frequently to those with incomes in the $250k+ range, with 148 originations. The second most popular income band? $150k-250k, with 145 originations.
Applicant Debt to Income Ratio
Cape Cod Co-operative Bank lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? 30-36%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.29%
Cape Cod 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 origination88.35%
Cape Cod Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 532 | $296,150,000 | $556,673 |