Avon Co-Operative Bank Mortgage Lending & HMDA Data, 2012
In 2012, Avon Co-Operative Bank of Avon, MA reported 130 mortgage applications totaling $27.3 million, up 106% from 2011. The average application was for $210,253, and applicants reported an average income of $127,276. 53% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Boston-Quincy, MA (98), Providence-New Bedford-Fall River, RI-MA (10) and Barnstable Town, MA (6) (applications in parentheses).
| Mortgage Company & Address | Avon Co-Operative Bank 1 East Main Street Avon, MA 02322 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 130 |
| Total Mortgage Loan Application Amount | $27,333,000 |
| Average Mortgage Loan Application Amount | $210,253 |
| Highest Mortgage Loan Application Amount | $979,000 |
| Average Applicant Income | $127,276 |
| Highest Applicant Income | $1,128,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Avon Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Norfolk, Massachusetts | 50 | $ 10,567,000 | $ 211,340 | $ 136,000 |
| Plymouth, Massachusetts | 47 | $ 8,888,000 | $ 189,106 | $ 100,000 |
| Bristol, Massachusetts | 10 | $ 1,878,000 | $ 187,800 | $ 123,000 |
| Barnstable, Massachusetts | 6 | $ 2,822,000 | $ 470,333 | $ 396,000 |
| Hampshire, Massachusetts | 1 | $ 270,000 | $ 270,000 | $ 160,000 |
| Middlesex, Massachusetts | 1 | $ 160,000 | $ 160,000 | $ 293,000 |
| Suffolk, Massachusetts | 1 | $ 468,000 | $ 468,000 | $ 110,000 |
| Worcester, Massachusetts | 1 | $ 63,000 | $ 63,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for Avon Co-Operative Bank in 2012
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 70 | $16,379,000 | $233,000 | $979,000 | $151,000 | $1,128,000 |
| Home Purchase | 47 | $8,811,000 | $187,000 | $609,000 | $97,000 | $884,000 |
| Home Improvement | 13 | $2,143,000 | $164,000 | $658,000 | $109,000 | $179,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 104 | $23,206,000 | $223,000 | $979,000 | $147,000 | $1,128,000 |
| Black or African American | 14 | $2,257,000 | $161,000 | $290,000 | $50,000 | $88,000 |
| Not applicable | 5 | $443,000 | $88,000 | $165,000 | $0 | $0 |
| Asian | 3 | $824,000 | $274,000 | $609,000 | $102,000 | $149,000 |
| Hispanic | 2 | $248,000 | $124,000 | $171,000 | $47,000 | $53,000 |
| American Indian or Alaskan Native | 1 | $150,000 | $150,000 | $150,000 | $63,000 | $63,000 |
| Not Provided | 1 | $205,000 | $205,000 | $205,000 | $81,000 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 130 | $27,333,000 | $210,000 | $979,000 | $127,000 | $1,128,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 69 | $12,994,000 | $188,000 | $658,000 | $125,000 | $513,000 |
| Application Denied By Financial Institution | 19 | $3,484,000 | $183,000 | $438,000 | $76,000 | $199,000 |
| Loan Purchased By The Institution | 17 | $6,262,000 | $368,000 | $979,000 | $263,000 | $1,128,000 |
| Application Withdrawn By Applicant | 10 | $1,769,000 | $176,000 | $320,000 | $103,000 | $214,000 |
| Preapproval Denied by Financial Institution | 7 | $1,057,000 | $151,000 | $290,000 | $48,000 | $74,000 |
| Preapproval Approved but not Accepted | 6 | $1,160,000 | $193,000 | $360,000 | $66,000 | $94,000 |
| Application Approved But Not Accepted | 2 | $607,000 | $303,000 | $375,000 | $104,000 | $129,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 10 | $1,467,000 | $146,000 | $290,000 | $51,000 | $87,000 |
| Debt-To-Income Ratio | 7 | $903,000 | $129,000 | $278,000 | $31,000 | $45,000 |
| Collateral | 4 | $935,000 | $233,000 | $438,000 | $108,000 | $199,000 |
| Credit Application Incomplete | 2 | $373,000 | $186,000 | $205,000 | $134,000 | $188,000 |
| Other | 2 | $488,000 | $244,000 | $270,000 | $107,000 | $160,000 |
| Mortgage Insurance Denied | 1 | $375,000 | $375,000 | $375,000 | $140,000 | $140,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Avon Co-Operative Bank's 2012 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Avon Co-Operative Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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