Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2016
In 2016, Fidelity Co-Operative Bank of Leominster, MA reported 704 mortgage applications totaling $176.9 million, up 17% from 2015. The average application was for $251,285, and applicants reported an average income of $115,370. 64% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Worcester, MA-CT (502), Cambridge-Newton-Framingham, MA (111) and Boston, MA (44) (applications in parentheses).
| Mortgage Company & Address | Fidelity Co-Operative Bank 9 Leominster Connector Leominster, MA 01453 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 | 704 |
| Total Mortgage Loan Application Amount | $176,905,000 |
| Average Mortgage Loan Application Amount | $251,285 |
| Highest Mortgage Loan Application Amount | $11,500,000 |
| Average Applicant Income | $115,370 |
| Highest Applicant Income | $1,749,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, Massachusetts | 502 | $ 110,085,000 | $ 219,292 | $ 100,000 |
| Middlesex, Massachusetts | 64 | $ 17,475,000 | $ 273,046 | $ 121,000 |
| Essex, Massachusetts | 47 | $ 14,041,000 | $ 298,744 | $ 116,000 |
| Plymouth, Massachusetts | 19 | $ 8,014,000 | $ 421,789 | $ 207,000 |
| Suffolk, Massachusetts | 14 | $ 8,820,000 | $ 630,000 | $ 261,000 |
| Norfolk, Massachusetts | 11 | $ 6,474,000 | $ 588,545 | $ 323,000 |
| Barnstable, Massachusetts | 9 | $ 3,569,000 | $ 396,555 | $ 176,000 |
| Hampden, Massachusetts | 6 | $ 806,000 | $ 134,333 | $ 83,000 |
| Hillsborough, New Hampshire | 6 | $ 1,260,000 | $ 210,000 | $ 106,000 |
| Bristol, Massachusetts | 3 | $ 904,000 | $ 301,333 | $ 122,000 |
| Rockingham, New Hampshire | 3 | $ 969,000 | $ 323,000 | $ 268,000 |
| Strafford, New Hampshire | 3 | $ 735,000 | $ 245,000 | $ 80,000 |
| York, Maine | 2 | $ 697,000 | $ 348,500 | $ 123,000 |
| Franklin, Massachusetts | 2 | $ 212,000 | $ 106,000 | $ 45,000 |
| Cheshire, New Hampshire | 2 | $ 446,000 | $ 223,000 | $ 76,000 |
| Paulding, Georgia | 1 | $ 130,000 | $ 130,000 | $ 52,000 |
| Cumberland, Maine | 1 | $ 150,000 | $ 150,000 | $ 125,000 |
| Merrimack, New Hampshire | 1 | $ 300,000 | $ 300,000 | $ 278,000 |
| Wake, North Carolina | 1 | $ 107,000 | $ 107,000 | $ 608,000 |
| Providence, Rhode Island | 1 | $ 200,000 | $ 200,000 | $ 183,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2016
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 | 342 | $95,931,000 | $280,000 | $11,500,000 | $120,000 | $1,749,000 |
| Refinancing | 327 | $70,266,000 | $214,000 | $1,050,000 | $108,000 | $702,000 |
| Home Improvement | 35 | $10,708,000 | $305,000 | $1,300,000 | $139,000 | $537,000 |
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 | 590 | $140,943,000 | $238,000 | $2,500,000 | $119,000 | $1,749,000 |
| Not Provided | 63 | $13,703,000 | $217,000 | $1,640,000 | $120,000 | $608,000 |
| Hispanic | 30 | $5,459,000 | $181,000 | $404,000 | $68,000 | $185,000 |
| Asian | 8 | $1,925,000 | $240,000 | $772,000 | $90,000 | $176,000 |
| Black or African American | 7 | $1,583,000 | $226,000 | $406,000 | $100,000 | $287,000 |
| Not applicable | 5 | $12,612,000 | $2,522,000 | $11,500,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 1 | $680,000 | $680,000 | $680,000 | $200,000 | $200,000 |
| 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) | 679 | $171,769,000 | $252,000 | $11,500,000 | $117,000 | $1,749,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 13 | $2,273,000 | $174,000 | $280,000 | $63,000 | $98,000 |
| VA-guaranteed (Veterans Administration) | 7 | $2,138,000 | $305,000 | $415,000 | $101,000 | $193,000 |
| FHA-insured (Federal Housing Administration) | 5 | $725,000 | $145,000 | $206,000 | $66,000 | $124,000 |
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 | 452 | $114,613,000 | $253,000 | $11,500,000 | $117,000 | $1,749,000 |
| Application Denied By Financial Institution | 119 | $31,998,000 | $268,000 | $2,000,000 | $117,000 | $1,200,000 |
| Application Withdrawn By Applicant | 78 | $16,160,000 | $207,000 | $700,000 | $108,000 | $447,000 |
| File Closed For Incompleteness | 30 | $9,349,000 | $311,000 | $805,000 | $116,000 | $391,000 |
| Application Approved But Not Accepted | 19 | $3,274,000 | $172,000 | $417,000 | $89,000 | $227,000 |
| Preapproval Denied by Financial Institution | 6 | $1,511,000 | $251,000 | $405,000 | $134,000 | $285,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2016 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 Fidelity 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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