Wakefield Co-operative Bank Mortgage Rates, Fees & InfoWakefield, MA
Tax ID: 04-1939190
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewWakefield Co-operative Bank is a smaller bank specializing in loans. Wakefield Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Barnstable Town, Portland, and Providence among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
Wakefield 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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Origination Dollar Volume (All Markets)$88,660,000
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|
|Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)||138||$81,760,000||$592,464||$0||0.00%|
|WORCESTER, MA-CT (FHA|USDA|VA)||4||$2,060,000||$515,000||$0||0.00%|
|BARNSTABLE TOWN, MA (FHA|USDA|VA)||2||$1,470,000||$735,000||$0||0.00%|
|PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)||2||$1,410,000||$705,000||$0||0.00%|
|PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)||4||$1,060,000||$265,000||$0||0.00%|
|MANCHESTER-NASHUA, NH (FHA|USDA|VA)||1||$555,000||$555,000||$0||0.00%|
|Outside of Metro Areas||1||$345,000||$345,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Wakefield Co-operative Bank's most frequently originated type of loan was Conventional, with 152 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||31||$15,435,000||$497,903||$0||0.00%|
For 2022, Wakefield Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Wakefield Co-operative Bank's most frequently cited loan duration was Other, with 152 originations.
2022 saw Wakefield Co-operative Bank place emphasis on $600k-1MM loans with 45 originations, totaling $32,345,000 in origination value.
Wakefield Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 37 originations. The second most popular income band? $250k+, with 34 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Wakefield Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 152 originations.
Approval RatesTotal approvals of all applications
Wakefield Co-operative Bank has an average approval rate.
Pick RateApprovals leading to origination
Wakefield Co-operative Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|