Avon Co-Operative Bank Mortgage Lending & HMDA Data, 2013
In 2013, Avon Co-Operative Bank of Avon, MA reported 97 mortgage applications totaling $23.0 million, down 25% from 2012. The average application was for $237,185, and applicants reported an average income of $89,051. 49% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Boston-Quincy, MA (61), Cambridge-Newton-Framingham, MA (19) and Providence-New Bedford-Fall River, RI-MA (5) (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 | 97 |
| Total Mortgage Loan Application Amount | $23,007,000 |
| Average Mortgage Loan Application Amount | $237,185 |
| Highest Mortgage Loan Application Amount | $772,000 |
| Average Applicant Income | $89,051 |
| Highest Applicant Income | $261,000 |
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(HMDA) records Avon Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston-Quincy, MA | 61 | $ 14,551,000 | $ 238,540 | $ 88,000 |
| Cambridge-Newton-Framingham, MA | 19 | $ 4,687,000 | $ 246,684 | $ 91,000 |
| Providence-New Bedford-Fall River, RI-MA | 5 | $ 1,106,000 | $ 221,200 | $ 80,000 |
| Peabody, MA | 4 | $ 676,000 | $ 169,000 | $ 85,000 |
| Barnstable Town, MA | 1 | $ 159,000 | $ 159,000 | $ 174,000 |
Mortgage Loan Application Detail Totals for Avon Co-Operative Bank in 2013
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 | 49 | $11,482,000 | $234,000 | $772,000 | $94,000 | $261,000 |
| Home Purchase | 32 | $8,618,000 | $269,000 | $662,000 | $80,000 | $230,000 |
| Home Improvement | 16 | $2,907,000 | $181,000 | $400,000 | $92,000 | $202,000 |
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 | 75 | $17,462,000 | $232,000 | $772,000 | $97,000 | $261,000 |
| Black or African American | 11 | $2,281,000 | $207,000 | $320,000 | $59,000 | $127,000 |
| Not applicable | 5 | $1,731,000 | $346,000 | $725,000 | $0 | $0 |
| Not Provided | 3 | $802,000 | $267,000 | $383,000 | $106,000 | $141,000 |
| Hispanic | 3 | $731,000 | $243,000 | $255,000 | $124,000 | $166,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 97 | $23,007,000 | $237,000 | $772,000 | $89,000 | $261,000 |
| 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 | 48 | $11,037,000 | $229,000 | $725,000 | $86,000 | $261,000 |
| Loan Purchased By The Institution | 25 | $5,575,000 | $223,000 | $662,000 | $102,000 | $240,000 |
| Application Denied By Financial Institution | 8 | $2,275,000 | $284,000 | $772,000 | $80,000 | $130,000 |
| Application Withdrawn By Applicant | 5 | $1,399,000 | $279,000 | $417,000 | $95,000 | $172,000 |
| Preapproval Denied by Financial Institution | 5 | $1,408,000 | $281,000 | $383,000 | $99,000 | $184,000 |
| Application Approved But Not Accepted | 3 | $502,000 | $167,000 | $240,000 | $55,000 | $111,000 |
| File Closed For Incompleteness | 3 | $811,000 | $270,000 | $400,000 | $48,000 | $55,000 |
| Preapproval Approved but not Accepted | 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 | 4 | $910,000 | $227,000 | $350,000 | $94,000 | $184,000 |
| Debt-To-Income Ratio | 4 | $1,412,000 | $353,000 | $772,000 | $74,000 | $130,000 |
| Collateral | 2 | $393,000 | $196,000 | $265,000 | $69,000 | $84,000 |
| Other | 2 | $683,000 | $341,000 | $383,000 | $128,000 | $137,000 |
| Mortgage Insurance Denied | 1 | $285,000 | $285,000 | $285,000 | $74,000 | $74,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2013 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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