Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2020
In 2020, Everett Co-Operative Bank of Everett, MA reported 225 mortgage applications totaling $135.6 million, up 80% from 2019. The average application was for $602,511, and applicants reported an average income of $180,391. 92% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (168), Boston, MA (44) and Manchester-Nashua, NH (6) (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 | 225 |
| Total Mortgage Loan Application Amount | $135,565,000 |
| Average Mortgage Loan Application Amount | $602,511 |
| Highest Mortgage Loan Application Amount | $8,615,000 |
| Average Applicant Income | $180,391 |
| Highest Applicant Income | $1,520,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 168 | $ 91,080,000 | $ 542,142 | $ 170,000 |
| Boston, MA | 44 | $ 36,770,000 | $ 835,681 | $ 197,000 |
| Manchester-Nashua, NH | 6 | $ 1,640,000 | $ 273,333 | $ 104,000 |
| Portland-South Portland, ME | 2 | $ 620,000 | $ 310,000 | $ 425,000 |
| Rockingham County-Strafford County, NH | 2 | $ 820,000 | $ 410,000 | $ 344,000 |
| Barnstable Town, MA | 1 | $ 1,575,000 | $ 1,575,000 | $ 555,000 |
| Outside any metro area | 1 | $ 2,725,000 | $ 2,725,000 | $ 0 |
| Worcester, MA-CT | 1 | $ 335,000 | $ 335,000 | $ 136,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2020
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 87 | $40,105,000 | $460,000 | $1,905,000 | $160,000 | $645,000 |
| Refinancing | 66 | $48,470,000 | $734,000 | $8,615,000 | $181,000 | $887,000 |
| Home Purchase | 65 | $43,215,000 | $664,000 | $2,725,000 | $219,000 | $1,520,000 |
| Other Purpose | 4 | $1,080,000 | $270,000 | $405,000 | $103,000 | $199,000 |
| Home Improvement | 3 | $2,695,000 | $898,000 | $2,205,000 | $25,000 | $25,000 |
| 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 | 162 | $84,470,000 | $521,000 | $8,615,000 | $179,000 | $1,520,000 |
| Not applicable | 36 | $35,260,000 | $979,000 | $2,725,000 | $0 | $0 |
| Not Provided | 14 | $8,850,000 | $632,000 | $1,845,000 | $213,000 | $645,000 |
| Asian | 5 | $2,775,000 | $555,000 | $855,000 | $142,000 | $192,000 |
| Hispanic | 5 | $2,185,000 | $437,000 | $685,000 | $114,000 | $201,000 |
| Black or African American | 2 | $1,130,000 | $565,000 | $565,000 | $126,000 | $139,000 |
| 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) | 225 | $135,565,000 | $602,000 | $8,615,000 | $179,000 | $1,520,000 |
| 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 | 207 | $126,245,000 | $609,000 | $8,615,000 | $178,000 | $1,520,000 |
| Application Withdrawn By Applicant | 14 | $7,360,000 | $525,000 | $1,265,000 | $190,000 | $475,000 |
| Application Approved But Not Accepted | 2 | $1,210,000 | $605,000 | $885,000 | $253,000 | $305,000 |
| Application Denied By Financial Institution | 1 | $365,000 | $365,000 | $365,000 | $25,000 | $25,000 |
| File Closed For Incompleteness | 1 | $385,000 | $385,000 | $385,000 | $147,000 | $147,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 225 | $135,565,000 | $602,000 | $8,615,000 | $179,000 | $1,520,000 |
| 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 2020 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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