Everett Co-Operative Bank Mortgage Lending & HMDA Data, 2021
In 2021, Everett Co-Operative Bank of Everett, MA reported 273 mortgage applications totaling $212.7 million, up 21% from 2020. The average application was for $779,212, and applicants reported an average income of $207,142. 89% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (198), Boston, MA (59) and Barnstable Town, MA (5) (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 | 273 |
| Total Mortgage Loan Application Amount | $212,725,000 |
| Average Mortgage Loan Application Amount | $779,212 |
| Highest Mortgage Loan Application Amount | $8,385,000 |
| Average Applicant Income | $207,142 |
| Highest Applicant Income | $1,166,000 |
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records Everett Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 198 | $ 136,290,000 | $ 688,333 | $ 185,000 |
| Boston, MA | 59 | $ 67,655,000 | $ 1,146,694 | $ 232,000 |
| Barnstable Town, MA | 5 | $ 5,085,000 | $ 1,017,000 | $ 544,000 |
| Outside any metro area | 3 | $ 1,115,000 | $ 371,666 | $ 322,333 |
| Rockingham County-Strafford County, NH | 3 | $ 1,325,000 | $ 441,666 | $ 147,000 |
| Manchester-Nashua, NH | 2 | $ 480,000 | $ 240,000 | $ 125,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 145,000 | $ 145,000 | $ 63,000 |
| Portland-South Portland, ME | 1 | $ 205,000 | $ 205,000 | $ 94,000 |
| Worcester, MA-CT | 1 | $ 425,000 | $ 425,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for Everett Co-Operative Bank in 2021
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 | 99 | $92,395,000 | $933,000 | $3,695,000 | $267,000 | $1,166,000 |
| Refinancing | 85 | $65,045,000 | $765,000 | $8,385,000 | $159,000 | $703,000 |
| Cash-out Refinancing | 73 | $36,995,000 | $506,000 | $1,395,000 | $181,000 | $762,000 |
| Other Purpose | 9 | $3,165,000 | $351,000 | $725,000 | $249,000 | $584,000 |
| Home Improvement | 7 | $15,125,000 | $2,160,000 | $6,805,000 | $164,000 | $291,000 |
| 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 | 163 | $77,595,000 | $476,000 | $1,955,000 | $198,000 | $1,166,000 |
| Not applicable | 69 | $111,815,000 | $1,620,000 | $8,385,000 | $0 | $0 |
| Not Provided | 22 | $11,850,000 | $538,000 | $1,295,000 | $188,000 | $609,000 |
| Asian | 12 | $7,280,000 | $606,000 | $1,395,000 | $199,000 | $486,000 |
| Hispanic | 3 | $1,925,000 | $641,000 | $1,325,000 | $172,000 | $310,000 |
| Black or African American | 2 | $750,000 | $375,000 | $555,000 | $93,000 | $97,000 |
| American Indian or Alaskan Native | 1 | $1,005,000 | $1,005,000 | $1,005,000 | $990,000 | $990,000 |
| 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) | 273 | $212,725,000 | $779,000 | $8,385,000 | $199,000 | $1,166,000 |
| 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 | 242 | $195,570,000 | $808,000 | $8,385,000 | $209,000 | $1,166,000 |
| Application Approved But Not Accepted | 15 | $10,895,000 | $726,000 | $3,445,000 | $147,000 | $351,000 |
| Application Withdrawn By Applicant | 9 | $3,005,000 | $333,000 | $625,000 | $121,000 | $300,000 |
| Application Denied By Financial Institution | 5 | $2,525,000 | $505,000 | $955,000 | $24,000 | $28,000 |
| File Closed For Incompleteness | 2 | $730,000 | $365,000 | $375,000 | $322,000 | $522,000 |
| 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 | 273 | $212,725,000 | $779,000 | $8,385,000 | $199,000 | $1,166,000 |
| 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 2021 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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