Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2020
In 2020, Fidelity Co-Operative Bank of Leominster, MA reported 1,079 mortgage applications totaling $294.3 million, up 82% from 2019. The average application was for $272,784, and applicants reported an average income of $135,545. 67% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Worcester, MA-CT (747), Cambridge-Newton-Framingham, MA (183) and Boston, MA (60) (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 | 1,079 |
| Total Mortgage Loan Application Amount | $294,335,000 |
| Average Mortgage Loan Application Amount | $272,784 |
| Highest Mortgage Loan Application Amount | $5,505,000 |
| Average Applicant Income | $135,545 |
| Highest Applicant Income | $2,451,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 744 | $ 181,360,000 | $ 243,763 | $ 120,000 |
| Middlesex, Massachusetts | 154 | $ 48,160,000 | $ 312,727 | $ 152,000 |
| Norfolk, Massachusetts | 39 | $ 16,525,000 | $ 423,717 | $ 190,000 |
| Essex, Massachusetts | 29 | $ 9,195,000 | $ 317,068 | $ 138,000 |
| Barnstable, Massachusetts | 17 | $ 6,255,000 | $ 367,941 | $ 226,000 |
| Hillsborough, New Hampshire | 17 | $ 5,385,000 | $ 316,764 | $ 171,000 |
| Plymouth, Massachusetts | 15 | $ 4,665,000 | $ 311,000 | $ 306,000 |
| Cheshire, New Hampshire | 14 | $ 2,990,000 | $ 213,571 | $ 84,000 |
| Hampden, Massachusetts | 13 | $ 2,305,000 | $ 177,307 | $ 65,000 |
| Suffolk, Massachusetts | 6 | $ 7,860,000 | $ 1,310,000 | $ 517,000 |
| Bristol, Massachusetts | 5 | $ 2,645,000 | $ 529,000 | $ 288,000 |
| Franklin, Massachusetts | 5 | $ 1,105,000 | $ 221,000 | $ 121,000 |
| Windham, Connecticut | 3 | $ 525,000 | $ 175,000 | $ 74,000 |
| Hampshire, Massachusetts | 3 | $ 425,000 | $ 141,666 | $ 61,000 |
| Rockingham, New Hampshire | 3 | $ 1,175,000 | $ 391,666 | $ 185,000 |
| Dukes, Massachusetts | 2 | $ 890,000 | $ 445,000 | $ 419,000 |
| Nantucket, Massachusetts | 2 | $ 1,460,000 | $ 730,000 | $ 362,000 |
| Pinellas, Florida | 1 | $ 295,000 | $ 295,000 | $ 639,000 |
| Cumberland, Maine | 1 | $ 295,000 | $ 295,000 | $ 153,000 |
| York, Maine | 1 | $ 105,000 | $ 105,000 | $ 120,000 |
| Berkshire, Massachusetts | 1 | $ 185,000 | $ 185,000 | $ 113,000 |
| Belknap, New Hampshire | 1 | $ 45,000 | $ 45,000 | $ 93,000 |
| Carroll, New Hampshire | 1 | $ 155,000 | $ 155,000 | $ 89,000 |
| Strafford, New Hampshire | 1 | $ 145,000 | $ 145,000 | $ 51,000 |
| Horry, South Carolina | 1 | $ 185,000 | $ 185,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for Fidelity 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 |
|---|---|---|---|---|---|---|
| Refinancing | 516 | $138,150,000 | $267,000 | $1,475,000 | $143,000 | $1,975,000 |
| Cash-out Refinancing | 320 | $82,750,000 | $258,000 | $995,000 | $120,000 | $531,000 |
| Home Purchase | 228 | $71,790,000 | $314,000 | $5,505,000 | $142,000 | $2,451,000 |
| Home Improvement | 8 | $480,000 | $60,000 | $135,000 | $101,000 | $159,000 |
| Other Purpose | 7 | $1,165,000 | $166,000 | $685,000 | $126,000 | $491,000 |
| 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 | 884 | $241,830,000 | $273,000 | $5,505,000 | $138,000 | $2,451,000 |
| Not Provided | 92 | $25,380,000 | $275,000 | $2,005,000 | $135,000 | $606,000 |
| Hispanic | 60 | $12,540,000 | $209,000 | $655,000 | $91,000 | $846,000 |
| Asian | 22 | $7,520,000 | $341,000 | $905,000 | $152,000 | $279,000 |
| Black or African American | 15 | $4,965,000 | $331,000 | $725,000 | $105,000 | $241,000 |
| Not applicable | 2 | $370,000 | $185,000 | $185,000 | $43,000 | $56,000 |
| American Indian or Alaskan Native | 1 | $205,000 | $205,000 | $205,000 | $144,000 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $665,000 | $665,000 | $665,000 | $246,000 | $246,000 |
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) | 1,064 | $290,170,000 | $272,000 | $5,505,000 | $136,000 | $2,451,000 |
| FHA-insured (Federal Housing Administration) | 10 | $2,450,000 | $245,000 | $385,000 | $64,000 | $120,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,460,000 | $365,000 | $455,000 | $108,000 | $132,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $255,000 | $255,000 | $255,000 | $67,000 | $67,000 |
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 | 728 | $196,990,000 | $270,000 | $5,505,000 | $135,000 | $2,451,000 |
| Application Denied By Financial Institution | 153 | $40,585,000 | $265,000 | $1,125,000 | $106,000 | $2,100,000 |
| Application Withdrawn By Applicant | 143 | $39,775,000 | $278,000 | $2,005,000 | $153,000 | $1,975,000 |
| File Closed For Incompleteness | 33 | $10,675,000 | $323,000 | $895,000 | $181,000 | $846,000 |
| Application Approved But Not Accepted | 22 | $6,310,000 | $286,000 | $815,000 | $164,000 | $941,000 |
| 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 | 1,079 | $294,335,000 | $272,000 | $5,505,000 | $135,000 | $2,451,000 |
| 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 Fidelity 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 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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