Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2018
In 2018, Fidelity Co-Operative Bank of Leominster, MA reported 502 mortgage applications totaling $161.5 million, up 16% from 2017. The average application was for $321,752, and applicants reported an average income of $133,268. 67% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Worcester, MA-CT (343), Cambridge-Newton-Framingham, MA (84) and Boston, MA (36) (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 | 502 |
| Total Mortgage Loan Application Amount | $161,520,000 |
| Average Mortgage Loan Application Amount | $321,752 |
| Highest Mortgage Loan Application Amount | $16,605,000 |
| Average Applicant Income | $133,268 |
| Highest Applicant Income | $976,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Worcester, MA-CT | 343 | $ 70,655,000 | $ 205,991 | $ 102,000 |
| Cambridge-Newton-Framingham, MA | 84 | $ 57,730,000 | $ 687,261 | $ 200,000 |
| Boston, MA | 36 | $ 20,190,000 | $ 560,833 | $ 284,000 |
| Providence-Warwick, RI-MA | 9 | $ 2,315,000 | $ 257,222 | $ 168,444 |
| Manchester-Nashua, NH | 6 | $ 1,350,000 | $ 225,000 | $ 96,000 |
| Outside any metro area | 6 | $ 1,240,000 | $ 206,666 | $ 88,000 |
| Springfield, MA | 6 | $ 1,370,000 | $ 228,333 | $ 94,000 |
| Barnstable Town, MA | 5 | $ 1,565,000 | $ 313,000 | $ 181,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 3,525,000 | $ 3,525,000 | $ 250,000 |
| Pittsfield, MA | 1 | $ 185,000 | $ 185,000 | $ 97,000 |
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2018
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 | 305 | $114,365,000 | $374,000 | $16,605,000 | $140,000 | $976,000 |
| Refinancing | 95 | $28,385,000 | $298,000 | $3,525,000 | $135,000 | $490,000 |
| Cash-out Refinancing | 49 | $13,105,000 | $267,000 | $1,295,000 | $117,000 | $394,000 |
| Other Purpose | 42 | $4,060,000 | $96,000 | $385,000 | $110,000 | $323,000 |
| Home Improvement | 11 | $1,605,000 | $145,000 | $575,000 | $93,000 | $229,000 |
| 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 | 411 | $120,745,000 | $293,000 | $3,525,000 | $135,000 | $976,000 |
| Hispanic | 36 | $4,710,000 | $130,000 | $295,000 | $78,000 | $171,000 |
| Not Provided | 23 | $5,715,000 | $248,000 | $655,000 | $138,000 | $400,000 |
| Not applicable | 14 | $22,300,000 | $1,592,000 | $16,605,000 | $0 | $0 |
| Asian | 10 | $4,760,000 | $476,000 | $935,000 | $206,000 | $599,000 |
| Black or African American | 6 | $1,640,000 | $273,000 | $445,000 | $179,000 | $301,000 |
| American Indian or Alaskan Native | 1 | $165,000 | $165,000 | $165,000 | $112,000 | $112,000 |
| 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) | 493 | $159,525,000 | $323,000 | $16,605,000 | $134,000 | $976,000 |
| FHA-insured (Federal Housing Administration) | 5 | $1,055,000 | $211,000 | $285,000 | $110,000 | $192,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $940,000 | $235,000 | $295,000 | $81,000 | $101,000 |
| 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 | 335 | $116,015,000 | $346,000 | $16,605,000 | $133,000 | $832,000 |
| Application Denied By Financial Institution | 80 | $18,420,000 | $230,000 | $2,005,000 | $117,000 | $976,000 |
| Application Withdrawn By Applicant | 44 | $13,650,000 | $310,000 | $1,115,000 | $142,000 | $490,000 |
| Application Approved But Not Accepted | 24 | $8,510,000 | $354,000 | $1,425,000 | $177,000 | $400,000 |
| File Closed For Incompleteness | 14 | $3,530,000 | $252,000 | $755,000 | $156,000 | $564,000 |
| Preapproval Denied by Financial Institution | 5 | $1,395,000 | $279,000 | $335,000 | $87,000 | $125,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 502 | $161,520,000 | $321,000 | $16,605,000 | $133,000 | $976,000 |
| 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 2018 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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