Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2025
In 2025, Everett Co-Operative Bank of Everett, MA reported 241 mortgage applications totaling $309.2 million, down 2% from 2024. The average application was for $1,282,883, and applicants reported an average income of $307,477. 83% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (147), Boston, MA (74) and Barnstable Town, MA (4) (applications in parentheses).
| Mortgage Company & Address | Everett Co-Operative Bank 419 Broadway Everett, MA 02149 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 | 241 |
| Total Mortgage Loan Application Amount | $309,175,000 |
| Average Mortgage Loan Application Amount | $1,282,883 |
| Highest Mortgage Loan Application Amount | $55,755,000 |
| Average Applicant Income | $307,477 |
| Highest Applicant Income | $1,340,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 147 | $ 130,945,000 | $ 890,782 | $ 257,000 |
| Boston, MA | 74 | $ 159,610,000 | $ 2,156,891 | $ 321,000 |
| Outside any metro area | 6 | $ 7,410,000 | $ 1,235,000 | $ 385,200 |
| Barnstable Town, MA | 4 | $ 4,330,000 | $ 1,082,500 | $ 671,000 |
| Worcester, MA-CT | 3 | $ 2,515,000 | $ 838,333 | $ 334,000 |
| Manchester-Nashua, NH | 2 | $ 750,000 | $ 375,000 | $ 184,000 |
| Portland-South Portland, ME | 2 | $ 1,490,000 | $ 745,000 | $ 486,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 975,000 | $ 975,000 | $ 444,000 |
| Pittsfield, MA | 1 | $ 915,000 | $ 915,000 | $ 0 |
| Tampa, FL | 1 | $ 235,000 | $ 235,000 | $ 333,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2025
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 | 95 | $205,045,000 | $2,158,000 | $55,755,000 | $328,000 | $1,340,000 |
| Refinancing | 42 | $59,440,000 | $1,415,000 | $11,905,000 | $412,000 | $1,049,000 |
| Cash-out Refinancing | 39 | $18,285,000 | $468,000 | $2,605,000 | $276,000 | $960,000 |
| Other Purpose | 38 | $10,660,000 | $280,000 | $1,505,000 | $255,000 | $820,000 |
| Home Improvement | 27 | $15,745,000 | $583,000 | $7,605,000 | $192,000 | $503,000 |
| 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 | 140 | $67,110,000 | $479,000 | $3,715,000 | $295,000 | $1,340,000 |
| Not applicable | 75 | $230,915,000 | $3,078,000 | $55,755,000 | $0 | $0 |
| Not Provided | 10 | $4,680,000 | $468,000 | $1,105,000 | $381,000 | $816,000 |
| Asian | 6 | $2,840,000 | $473,000 | $1,135,000 | $218,000 | $356,000 |
| Hispanic | 6 | $2,640,000 | $440,000 | $615,000 | $200,000 | $360,000 |
| Black or African American | 4 | $990,000 | $247,000 | $445,000 | $99,000 | $132,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 241 | $309,175,000 | $1,282,000 | $55,755,000 | $291,000 | $1,340,000 |
| 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 | 200 | $281,570,000 | $1,407,000 | $55,755,000 | $320,000 | $1,340,000 |
| Application Withdrawn By Applicant | 14 | $9,900,000 | $707,000 | $3,525,000 | $144,000 | $327,000 |
| Application Denied By Financial Institution | 13 | $8,625,000 | $663,000 | $2,905,000 | $234,000 | $808,000 |
| File Closed For Incompleteness | 9 | $3,875,000 | $430,000 | $1,005,000 | $186,000 | $444,000 |
| Application Approved But Not Accepted | 4 | $4,400,000 | $1,100,000 | $3,005,000 | $170,000 | $353,000 |
| Loan Purchased By The Institution | 1 | $805,000 | $805,000 | $805,000 | $180,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 241 | $309,175,000 | $1,282,000 | $55,755,000 | $291,000 | $1,340,000 |
| 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 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Everett Co-Operative Bank's 2025 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 Everett 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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