Cape Cod Co-operative Bank Mortgage Rates, Fees & Info
Yarmouth Port, MALEI: 549300TXW4YZE1CSWA75
Tax ID: 04-1148930
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Mortgage Data
Review & Overview
Cape Cod Co-operative Bank is a smaller bank specializing in Home Purchase loans. Cape Cod Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Barnstable Town, Boston, Providence, and Worcester among others. We have data for 5 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 relatively high 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% | 3/17/25 |
| 30 Year Conventional Refi | 6.07% | 3/17/25 |
| 30 Year Cash-out Refi | 6.16% | 3/17/25 |
| 15 Year Conventional Refi | 5.58% | 3/17/25 |
| 15 Year Cash-out Refi | 5.58% | 3/17/25 |
| 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. | ||
Cape Cod Co-operative Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
348Origination Dollar Volume (All Markets)
$142,280,000Awards
Cape Cod Co-operative Bank - 2023
Cape Cod Co-operative Bank is a 2023 , due to their low .
For 2023, 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
7.34%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.86%.
Relative Fees (Closing Costs)
Cape Cod Co-operative Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,287.
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 $9,089.
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) | 296 | $116,320,000 | $392,973 | $4,186 | 7.43% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 38 | $19,300,000 | $507,895 | $4,321 | 6.63% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 11 | $4,695,000 | $426,818 | $3,735 | 6.07% |
| Outside of Metro Areas | 1 | $1,185,000 | $1,185,000 | $0 | 6.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $3,484 | 5.94% |
Their top states include:
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 | 197 | $118,545,000 | $601,751 | $4,172 | 6.29% |
| HELOC | 151 | $23,735,000 | $157,185 | n/a | 8.59% |
For 2023, Cape Cod Co-operative Bank's most frequently originated type of loan was Conventional, with 197 originations. Their 2nd most popular type was HELOC, with 151 originations.
Loan Reason
For 2023, Cape Cod Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Home Improvement, with 73 originations.
Loan Duration/Length
For 2023, Cape Cod Co-operative Bank's most frequently cited loan duration was 30 Year, with 309 originations. The 2nd most popular length was 30+ year, with 18 originations.
Origination Fees/Closing Costs
Cape Cod Co-operative Bank's average total fees were $4,287, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 164 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 130 | $19,790,000 | $152,231 |
| 6-7% | 81 | $47,685,000 | $588,704 |
| 5-6% | 60 | $33,250,000 | $554,167 |
| 7-8% | 56 | $23,780,000 | $424,643 |
| 4-5% | 21 | $17,775,000 | $846,429 |
During 2023, Cape Cod Co-operative Bank's average interest rate for loans was 7.34%, while their most frequently originated rate bucket for loans was Over 8%, with 130 originations.
Loan Sizing
2023 saw Cape Cod Co-operative Bank place emphasis on $200k-400k loans with 84 originations, totaling $23,980,000 in origination value.
Applicant Income
Cape Cod Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 98 originations. The second most popular income band? $250k+, with 90 originations.
Applicant Debt to Income Ratio
Cape Cod Co-operative Bank lent most frequently to those with DTI ratios of 30-36%, with 66 originations. The next most common DTI ratio? 20-30%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.22%
Cape Cod Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.61%
Cape Cod Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 50.0 | 1 | $205,000 | $205,000 |
| NA | 347 | $142,075,000 | $409,438 |