Greenfield Co-operative Bank Mortgage Rates, Fees & Info
Greenfield, MALEI: 549300V6HTJCSW4YN309
Tax ID: 04-1400390
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Mortgage Data
Review & Overview
Greenfield Co-operative Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Greenfield Co-operative Bank has a high proportion of conventional loans. Their top two markets are Springfield and Pittsfield .Greenfield Co-operative Bank has an 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
261Origination Dollar Volume (All Markets)
$70,925,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, MA (FHA|USDA|VA) | 260 | $70,720,000 | $272,000 | $0 | 0.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 261 | $70,925,000 | $271,743 | $0 | 0.00% |
For 2022, Greenfield Co-operative Bank's most frequently originated type of loan was Conventional, with 261 originations.
Loan Reason
For 2022, Greenfield Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 261 | $70,925,000 | $271,743 | $0 | 0.00% |
For 2022, Greenfield Co-operative Bank's most frequently cited loan duration was Other, with 261 originations.
Loan Sizing
2022 saw Greenfield Co-operative Bank place emphasis on $200k-400k loans with 96 originations, totaling $26,740,000 in origination value.
Applicant Income
Greenfield Co-operative Bank lent most frequently to those with incomes in the $75k-100k range, with 52 originations. The second most popular income band? $100k-150k, with 50 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 261 | $70,925,000 | $271,743 | $0 | 0.00% |
Greenfield Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 261 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.24%
Greenfield Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.67%
Greenfield Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 261 | $70,925,000 | $271,743 |