Greenfield Co-operative Bank Mortgage Rates, Fees & Info

Greenfield, MA

LEI: 549300V6HTJCSW4YN309

Tax ID: 04-1400390

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Greenfield Co-operative Bank is a smaller bank specializing in Home Purchase loans. Greenfield Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Boston, Worcester, and Barnstable Town among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greenfield 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.

    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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    Originations

    219

    Origination Dollar Volume (All Markets)

    $58,025,000

    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
    SPRINGFIELD, MA (FHA|USDA|VA) 215 $56,415,000 $262,395 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $380,000 $190,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Greenfield Co-operative Bank's top markets include Springfield, Boston, Worcester, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 219 $58,025,000 $264,954 $0 0.00%

    For 2023, Greenfield Co-operative Bank's most frequently originated type of loan was Conventional, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 122 $42,740,000 $350,328 $0 0.00%
    Home Improvement 45 $3,045,000 $67,667 $0 0.00%
    Refi 21 $7,745,000 $368,810 $0 0.00%
    Cash Out Refi 16 $2,660,000 $166,250 $0 0.00%
    Other 15 $1,835,000 $122,333 $0 0.00%

    For 2023, Greenfield Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 122 originations. The 2nd most popular reason was Home Improvement, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 219 $58,025,000 $264,954 $0 0.00%

    For 2023, Greenfield Co-operative Bank's most frequently cited loan duration was Other, with 219 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 89 $25,485,000 $286,348 $0 0.00%
    $100,000 or less 59 $2,295,000 $38,898 $0 0.00%
    $100k-200k 29 $4,355,000 $150,172 $0 0.00%
    $400k-600k 27 $13,645,000 $505,370 $0 0.00%
    $600k-1MM 13 $9,035,000 $695,000 $0 0.00%
    $1MM+ 2 $3,210,000 $1,605,000 $0 0.00%

    2023 saw Greenfield Co-operative Bank place emphasis on $200k-400k loans with 89 originations, totaling $25,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $11,565,000 $226,765 $0 0.00%
    $150k-250k 40 $10,870,000 $271,750 $0 0.00%
    $75k-100k 28 $5,360,000 $191,429 $0 0.00%
    $50k-75k 26 $3,560,000 $136,923 $0 0.00%
    $250k+ 18 $7,520,000 $417,778 $0 0.00%
    $50k or less 11 $1,205,000 $109,545 $0 0.00%

    Greenfield Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 219 $58,025,000 $264,954 $0 0.00%

    Greenfield Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 219 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $33,390,000 $219,671 $0 0.00%
    Not applicable 41 $17,355,000 $423,293 $0 0.00%
    Not provided 21 $5,365,000 $255,476 $0 0.00%
    Asian 4 $1,620,000 $405,000 $0 0.00%
    Black 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.04%

    Greenfield Co-operative Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.56%

    Greenfield Co-operative Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 219 $58,025,000 $264,954

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    219 $58,025,000 $264,954