Cape & Coast Bank Mortgage Lending & HMDA Data, 2023
In 2023, Cape & Coast Bank of Yarmouth Port, MA reported 457 mortgage applications totaling $183.8 million, down 35% from 2022. The average application was for $402,133, and applicants reported an average income of $236,649. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Barnstable Town, MA (376), Boston, MA (42) and Providence-Warwick, RI-MA (23) (applications in parentheses).
| Mortgage Company & Address | Cape & Coast Bank 121 Main Street Yarmouth Port, MA 02675 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 457 |
| Total Mortgage Loan Application Amount | $183,775,000 |
| Average Mortgage Loan Application Amount | $402,133 |
| Highest Mortgage Loan Application Amount | $4,205,000 |
| Average Applicant Income | $236,649 |
| Highest Applicant Income | $4,637,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cape & Coast Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Barnstable, Massachusetts | 376 | $ 143,980,000 | $ 382,925 | $ 229,000 |
| Plymouth, Massachusetts | 17 | $ 5,235,000 | $ 307,941 | $ 249,000 |
| Bristol, Massachusetts | 15 | $ 6,265,000 | $ 417,666 | $ 182,000 |
| Norfolk, Massachusetts | 15 | $ 6,395,000 | $ 426,333 | $ 196,000 |
| Suffolk, Massachusetts | 10 | $ 4,740,000 | $ 474,000 | $ 165,000 |
| Middlesex, Massachusetts | 6 | $ 4,330,000 | $ 721,666 | $ 252,000 |
| Essex, Massachusetts | 5 | $ 5,145,000 | $ 1,029,000 | $ 1,660,000 |
| Kent, Rhode Island | 4 | $ 1,550,000 | $ 387,500 | $ 0 |
| Worcester, Massachusetts | 3 | $ 955,000 | $ 318,333 | $ 102,000 |
| Newport, Rhode Island | 2 | $ 1,270,000 | $ 635,000 | $ 0 |
| Providence, Rhode Island | 2 | $ 720,000 | $ 360,000 | $ 221,000 |
| Dukes, Massachusetts | 1 | $ 2,005,000 | $ 2,005,000 | $ 281,000 |
| Nantucket, Massachusetts | 1 | $ 1,185,000 | $ 1,185,000 | $ 0 |
Mortgage Loan Application Detail Totals for Cape & Coast Bank in 2023
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 210 | $135,350,000 | $644,000 | $4,205,000 | $315,000 | $4,637,000 |
| Home Improvement | 93 | $14,035,000 | $150,000 | $855,000 | $174,000 | $897,000 |
| Other Purpose | 91 | $16,755,000 | $184,000 | $2,005,000 | $167,000 | $1,328,000 |
| Cash-out Refinancing | 54 | $13,650,000 | $252,000 | $605,000 | $156,000 | $680,000 |
| Refinancing | 9 | $3,985,000 | $442,000 | $1,005,000 | $244,000 | $801,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 331 | $134,985,000 | $407,000 | $4,205,000 | $228,000 | $3,187,000 |
| Not Provided | 84 | $26,200,000 | $311,000 | $3,165,000 | $262,000 | $4,637,000 |
| Not applicable | 19 | $10,505,000 | $552,000 | $1,185,000 | $0 | $0 |
| Asian | 8 | $3,760,000 | $470,000 | $845,000 | $149,000 | $232,000 |
| Hispanic | 8 | $5,370,000 | $671,000 | $2,485,000 | $308,000 | $1,310,000 |
| Black or African American | 6 | $2,580,000 | $430,000 | $875,000 | $216,000 | $367,000 |
| American Indian or Alaskan Native | 1 | $375,000 | $375,000 | $375,000 | $221,000 | $221,000 |
| 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) | 457 | $183,775,000 | $402,000 | $4,205,000 | $235,000 | $4,637,000 |
| 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 | 348 | $142,280,000 | $408,000 | $4,205,000 | $250,000 | $4,637,000 |
| Application Withdrawn By Applicant | 33 | $13,545,000 | $410,000 | $1,805,000 | $190,000 | $738,000 |
| Application Approved But Not Accepted | 31 | $8,585,000 | $276,000 | $1,805,000 | $178,000 | $647,000 |
| Application Denied By Financial Institution | 31 | $12,825,000 | $413,000 | $2,005,000 | $179,000 | $560,000 |
| Loan Purchased By The Institution | 13 | $6,335,000 | $487,000 | $675,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $205,000 | $205,000 | $205,000 | $60,000 | $60,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 426 | $170,950,000 | $401,000 | $4,205,000 | $239,000 | $4,637,000 |
| Debt-To-Income Ratio | 18 | $8,090,000 | $449,000 | $2,005,000 | $154,000 | $555,000 |
| Collateral | 8 | $3,460,000 | $432,000 | $1,595,000 | $257,000 | $560,000 |
| Credit History | 3 | $975,000 | $325,000 | $605,000 | $205,000 | $258,000 |
| Other | 1 | $175,000 | $175,000 | $175,000 | $69,000 | $69,000 |
| Employment History | 1 | $125,000 | $125,000 | $125,000 | $32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cape & Coast Bank's 2023 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 Cape & Coast 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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