Avon Co-Operative Bank Mortgage Lending & HMDA Data, 2015
In 2015, Avon Co-Operative Bank of Avon, MA reported 107 mortgage applications totaling $26.9 million, down 1% from 2014. The average application was for $251,467, and applicants reported an average income of $133,607. 43% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Boston, MA (66), Cambridge-Newton-Framingham, MA (23) and Providence-Warwick, RI-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 | 107 |
| Total Mortgage Loan Application Amount | $26,907,000 |
| Average Mortgage Loan Application Amount | $251,467 |
| Highest Mortgage Loan Application Amount | $749,000 |
| Average Applicant Income | $133,607 |
| Highest Applicant Income | $753,000 |
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(HMDA) records Avon Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Avon Co-Operative Bank in 2015
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 | 55 | $13,481,000 | $245,000 | $749,000 | $146,000 | $753,000 |
| Home Purchase | 39 | $10,257,000 | $263,000 | $500,000 | $123,000 | $666,000 |
| Home Improvement | 13 | $3,169,000 | $243,000 | $530,000 | $113,000 | $238,000 |
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 | 89 | $22,496,000 | $252,000 | $749,000 | $140,000 | $753,000 |
| Not Provided | 5 | $1,633,000 | $326,000 | $711,000 | $133,000 | $246,000 |
| Asian | 5 | $946,000 | $189,000 | $234,000 | $102,000 | $193,000 |
| Black or African American | 5 | $950,000 | $190,000 | $333,000 | $72,000 | $146,000 |
| Hispanic | 3 | $882,000 | $294,000 | $400,000 | $107,000 | $136,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 107 | $26,907,000 | $251,000 | $749,000 | $134,000 | $753,000 |
| 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 | 46 | $9,450,000 | $205,000 | $530,000 | $113,000 | $238,000 |
| Loan Purchased By The Institution | 37 | $11,198,000 | $302,000 | $749,000 | $183,000 | $753,000 |
| Application Denied By Financial Institution | 10 | $2,027,000 | $202,000 | $417,000 | $66,000 | $140,000 |
| Preapproval Approved but not Accepted | 6 | $1,542,000 | $257,000 | $417,000 | $107,000 | $197,000 |
| Preapproval Denied by Financial Institution | 3 | $495,000 | $165,000 | $200,000 | $45,000 | $82,000 |
| Application Approved But Not Accepted | 3 | $1,203,000 | $401,000 | $500,000 | $131,000 | $174,000 |
| Application Withdrawn By Applicant | 2 | $992,000 | $496,000 | $680,000 | $265,000 | $269,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 6 | $1,287,000 | $214,000 | $417,000 | $44,000 | $100,000 |
| Credit History | 3 | $679,000 | $226,000 | $344,000 | $84,000 | $130,000 |
| Collateral | 2 | $290,000 | $145,000 | $160,000 | $98,000 | $140,000 |
| Other | 1 | $155,000 | $155,000 | $155,000 | $47,000 | $47,000 |
| Unverifiable Information | 1 | $111,000 | $111,000 | $111,000 | $39,000 | $39,000 |
| 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 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Avon Co-Operative Bank's 2015 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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