The Pittsfield Co-operative Bank Mortgage Rates, Fees & Info
Pittsfield, MALEI: 549300UN8J4H5P8XWP62
Tax ID: 04-1731230
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Pittsfield Co-operative Bank is a smaller bank specializing in Home Purchase and Refi loans. The Pittsfield Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsfield, Barnstable Town, Torrington, Hudson, and Boston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)The Pittsfield 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
145Origination Dollar Volume (All Markets)
$44,575,000Top 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 |
|---|---|---|---|---|---|
| PITTSFIELD, MA (FHA|USDA|VA) | 137 | $38,535,000 | $281,277 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 3 | $3,405,000 | $1,135,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 145 | $44,575,000 | $307,414 | $0 | 0.00% |
For 2022, The Pittsfield Co-operative Bank's most frequently originated type of loan was Conventional, with 145 originations.
Loan Reason
For 2022, The Pittsfield Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 145 | $44,575,000 | $307,414 | $0 | 0.00% |
For 2022, The Pittsfield Co-operative Bank's most frequently cited loan duration was Other, with 145 originations.
Loan Sizing
2022 saw The Pittsfield Co-operative Bank place emphasis on $100k-200k loans with 42 originations, totaling $6,370,000 in origination value.
Applicant Income
The Pittsfield Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $250k+, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 145 | $44,575,000 | $307,414 | $0 | 0.00% |
The Pittsfield Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 145 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
The Pittsfield Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.66%
The Pittsfield Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 145 | $44,575,000 | $307,414 |