Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2024
In 2024, Fidelity Co-Operative Bank of Leominster, MA reported 632 mortgage applications totaling $172.6 million, up 8% from 2023. The average application was for $273,164, and applicants reported an average income of $159,409. 61% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Worcester, MA-CT (430), Cambridge-Newton-Framingham, MA (95) and Boston, MA (37) (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 | 632 |
| Total Mortgage Loan Application Amount | $172,640,000 |
| Average Mortgage Loan Application Amount | $273,164 |
| Highest Mortgage Loan Application Amount | $23,005,000 |
| Average Applicant Income | $159,409 |
| Highest Applicant Income | $1,743,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 430 | $ 84,920,000 | $ 197,488 | $ 132,000 |
| Middlesex, Massachusetts | 83 | $ 26,225,000 | $ 315,963 | $ 174,000 |
| Norfolk, Massachusetts | 18 | $ 5,930,000 | $ 329,444 | $ 422,000 |
| Plymouth, Massachusetts | 15 | $ 26,995,000 | $ 1,799,666 | $ 266,000 |
| Essex, Massachusetts | 12 | $ 2,680,000 | $ 223,333 | $ 355,000 |
| Barnstable, Massachusetts | 8 | $ 2,660,000 | $ 332,500 | $ 368,000 |
| Franklin, Massachusetts | 8 | $ 1,410,000 | $ 176,250 | $ 133,000 |
| Hampden, Massachusetts | 6 | $ 770,000 | $ 128,333 | $ 93,000 |
| Cheshire, New Hampshire | 6 | $ 900,000 | $ 150,000 | $ 118,000 |
| Hillsborough, New Hampshire | 6 | $ 1,980,000 | $ 330,000 | $ 302,000 |
| Suffolk, Massachusetts | 4 | $ 2,170,000 | $ 542,500 | $ 304,000 |
| Bristol, Massachusetts | 3 | $ 485,000 | $ 161,666 | $ 201,000 |
| Hampshire, Massachusetts | 2 | $ 130,000 | $ 65,000 | $ 200,000 |
| Merrimack, New Hampshire | 2 | $ 290,000 | $ 145,000 | $ 169,000 |
| Rockingham, New Hampshire | 2 | $ 370,000 | $ 185,000 | $ 226,000 |
| Northeastern Connecticut Planning Region, Connecticut | 1 | $ 35,000 | $ 35,000 | $ 68,000 |
| York, Maine | 1 | $ 175,000 | $ 175,000 | $ 351,000 |
| Berkshire, Massachusetts | 1 | $ 335,000 | $ 335,000 | $ 181,000 |
| Providence, Rhode Island | 1 | $ 5,515,000 | $ 5,515,000 | $ 0 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2024
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 | 208 | $103,540,000 | $497,000 | $23,005,000 | $156,000 | $717,000 |
| Home Improvement | 200 | $29,100,000 | $145,000 | $5,505,000 | $165,000 | $1,743,000 |
| Cash-out Refinancing | 129 | $23,575,000 | $182,000 | $765,000 | $166,000 | $1,001,000 |
| Other Purpose | 80 | $9,130,000 | $114,000 | $505,000 | $155,000 | $1,139,000 |
| Refinancing | 15 | $7,295,000 | $486,000 | $3,025,000 | $99,000 | $177,000 |
| 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 | 474 | $93,410,000 | $197,000 | $1,485,000 | $163,000 | $1,743,000 |
| Not Provided | 63 | $15,035,000 | $238,000 | $755,000 | $171,000 | $958,000 |
| Hispanic | 51 | $9,975,000 | $195,000 | $615,000 | $130,000 | $1,139,000 |
| Asian | 17 | $6,935,000 | $407,000 | $1,005,000 | $182,000 | $441,000 |
| Black or African American | 15 | $3,695,000 | $246,000 | $725,000 | $108,000 | $184,000 |
| Not applicable | 8 | $42,550,000 | $5,318,000 | $23,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 4 | $1,040,000 | $260,000 | $415,000 | $77,000 | $101,000 |
| 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) | 631 | $172,485,000 | $273,000 | $23,005,000 | $160,000 | $1,743,000 |
| FHA-insured (Federal Housing Administration) | 1 | $155,000 | $155,000 | $155,000 | $93,000 | $93,000 |
| 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 | 384 | $89,050,000 | $231,000 | $5,515,000 | $177,000 | $1,743,000 |
| Application Denied By Financial Institution | 111 | $19,035,000 | $171,000 | $3,225,000 | $97,000 | $415,000 |
| Preapproval Approved but not Accepted | 48 | $19,510,000 | $406,000 | $1,445,000 | $150,000 | $583,000 |
| Application Withdrawn By Applicant | 36 | $8,160,000 | $226,000 | $835,000 | $166,000 | $750,000 |
| Application Approved But Not Accepted | 30 | $7,620,000 | $254,000 | $975,000 | $193,000 | $1,743,000 |
| File Closed For Incompleteness | 12 | $25,230,000 | $2,102,000 | $23,005,000 | $155,000 | $485,000 |
| Preapproval Denied by Financial Institution | 11 | $4,035,000 | $366,000 | $685,000 | $100,000 | $178,000 |
| 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 | 510 | $149,570,000 | $293,000 | $23,005,000 | $174,000 | $1,743,000 |
| Debt-To-Income Ratio | 54 | $11,850,000 | $219,000 | $1,005,000 | $81,000 | $344,000 |
| Credit History | 50 | $5,880,000 | $117,000 | $405,000 | $111,000 | $415,000 |
| Collateral | 10 | $1,220,000 | $122,000 | $385,000 | $127,000 | $216,000 |
| Other | 6 | $740,000 | $123,000 | $365,000 | $92,000 | $178,000 |
| Unverifiable Information | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $3,225,000 | $3,225,000 | $3,225,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Fidelity Co-Operative Bank's 2024 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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