Cape Cod Co-operative Bank Mortgage Rates, Fees & InfoYarmouth Port, MA
Tax ID: 04-1148930
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewCape 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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|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.|
Origination Dollar Volume (All Markets)$296,150,000
Cape Cod Co-operative Bank's average 30 year fixed mortgage rate was
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.
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%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Cape Cod Co-operative Bank's most frequently originated type of loan was Conventional, with 532 originations.
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.
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|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2022 saw Cape Cod Co-operative Bank place emphasis on $200k-400k loans with 153 originations, totaling $46,425,000 in origination value.
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.
Approval RatesTotal approvals of all applications
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 RateApprovals leading to origination
Cape Cod Co-operative Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|