Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2022
In 2022, Fidelity Co-Operative Bank of Leominster, MA reported 895 mortgage applications totaling $225.7 million, up 13% from 2021. The average application was for $252,195, and applicants reported an average income of $138,600. 72% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Worcester, MA-CT (599), Cambridge-Newton-Framingham, MA (142) and Boston, MA (57) (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 | 895 |
| Total Mortgage Loan Application Amount | $225,715,000 |
| Average Mortgage Loan Application Amount | $252,195 |
| Highest Mortgage Loan Application Amount | $15,865,000 |
| Average Applicant Income | $138,600 |
| Highest Applicant Income | $1,333,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 593 | $ 140,865,000 | $ 237,546 | $ 120,000 |
| Middlesex, Massachusetts | 117 | $ 30,885,000 | $ 263,974 | $ 169,000 |
| Plymouth, Massachusetts | 26 | $ 9,250,000 | $ 355,769 | $ 201,000 |
| Essex, Massachusetts | 25 | $ 6,565,000 | $ 262,600 | $ 257,000 |
| Norfolk, Massachusetts | 21 | $ 5,055,000 | $ 240,714 | $ 196,000 |
| Hillsborough, New Hampshire | 12 | $ 2,540,000 | $ 211,666 | $ 116,000 |
| Hampden, Massachusetts | 11 | $ 3,245,000 | $ 295,000 | $ 138,000 |
| Cheshire, New Hampshire | 11 | $ 1,805,000 | $ 164,090 | $ 126,000 |
| Suffolk, Massachusetts | 10 | $ 3,960,000 | $ 396,000 | $ 183,000 |
| Windham, Connecticut | 6 | $ 960,000 | $ 160,000 | $ 74,000 |
| Barnstable, Massachusetts | 5 | $ 1,465,000 | $ 293,000 | $ 519,000 |
| Bristol, Massachusetts | 4 | $ 480,000 | $ 120,000 | $ 119,000 |
| Rockingham, New Hampshire | 4 | $ 620,000 | $ 155,000 | $ 191,000 |
| Franklin, Massachusetts | 3 | $ 825,000 | $ 275,000 | $ 131,000 |
| Hampshire, Massachusetts | 3 | $ 485,000 | $ 161,666 | $ 128,000 |
| Berkshire, Massachusetts | 2 | $ 290,000 | $ 145,000 | $ 136,000 |
| Belknap, New Hampshire | 2 | $ 210,000 | $ 105,000 | $ 151,000 |
| Sagadahoc, Maine | 1 | $ 995,000 | $ 995,000 | $ 613,000 |
| York, Maine | 1 | $ 225,000 | $ 225,000 | $ 79,000 |
| Carroll, New Hampshire | 1 | $ 155,000 | $ 155,000 | $ 152,000 |
| Strafford, New Hampshire | 1 | $ 105,000 | $ 105,000 | $ 81,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2022
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 | 306 | $130,330,000 | $425,000 | $15,865,000 | $148,000 | $1,016,000 |
| Home Improvement | 231 | $25,415,000 | $110,000 | $1,475,000 | $135,000 | $1,016,000 |
| Cash-out Refinancing | 180 | $36,390,000 | $202,000 | $645,000 | $125,000 | $1,190,000 |
| Other Purpose | 127 | $16,315,000 | $128,000 | $805,000 | $138,000 | $978,000 |
| Refinancing | 51 | $17,265,000 | $338,000 | $4,905,000 | $148,000 | $1,333,000 |
| 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 | 691 | $145,315,000 | $210,000 | $2,405,000 | $138,000 | $1,333,000 |
| Not Provided | 121 | $27,225,000 | $225,000 | $815,000 | $137,000 | $431,000 |
| Hispanic | 29 | $5,985,000 | $206,000 | $825,000 | $102,000 | $171,000 |
| Not applicable | 21 | $37,525,000 | $1,786,000 | $15,865,000 | $0 | $0 |
| Black or African American | 17 | $5,125,000 | $301,000 | $1,135,000 | $210,000 | $1,016,000 |
| Asian | 14 | $4,060,000 | $290,000 | $1,005,000 | $166,000 | $425,000 |
| American Indian or Alaskan Native | 1 | $345,000 | $345,000 | $345,000 | $82,000 | $82,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $135,000 | $135,000 | $135,000 | $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) | 891 | $224,565,000 | $252,000 | $15,865,000 | $139,000 | $1,333,000 |
| FHA-insured (Federal Housing Administration) | 3 | $1,005,000 | $335,000 | $385,000 | $84,000 | $94,000 |
| VA-guaranteed (Veterans Administration) | 1 | $145,000 | $145,000 | $145,000 | $71,000 | $71,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 645 | $166,885,000 | $258,000 | $15,865,000 | $149,000 | $1,333,000 |
| Application Denied By Financial Institution | 114 | $18,380,000 | $161,000 | $1,425,000 | $93,000 | $374,000 |
| Application Withdrawn By Applicant | 59 | $17,005,000 | $288,000 | $995,000 | $136,000 | $613,000 |
| Preapproval Approved but not Accepted | 32 | $13,490,000 | $421,000 | $865,000 | $122,000 | $337,000 |
| Application Approved But Not Accepted | 25 | $5,245,000 | $209,000 | $815,000 | $131,000 | $341,000 |
| Preapproval Denied by Financial Institution | 10 | $2,860,000 | $286,000 | $495,000 | $72,000 | $115,000 |
| File Closed For Incompleteness | 10 | $1,850,000 | $185,000 | $505,000 | $129,000 | $245,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 771 | $204,475,000 | $265,000 | $15,865,000 | $146,000 | $1,333,000 |
| Credit History | 48 | $5,700,000 | $118,000 | $505,000 | $106,000 | $203,000 |
| Debt-To-Income Ratio | 48 | $8,770,000 | $182,000 | $805,000 | $64,000 | $170,000 |
| Collateral | 20 | $5,090,000 | $254,000 | $1,425,000 | $137,000 | $374,000 |
| Other | 6 | $1,030,000 | $171,000 | $365,000 | $74,000 | $116,000 |
| Employment History | 1 | $245,000 | $245,000 | $245,000 | $87,000 | $87,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $405,000 | $405,000 | $405,000 | $75,000 | $75,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2022 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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