Fidelity Co-Operative Bank Mortgage Lending & HMDA Data, 2021
In 2021, Fidelity Co-Operative Bank of Leominster, MA reported 789 mortgage applications totaling $252.9 million, down 27% from 2020. The average application was for $320,589, and applicants reported an average income of $122,275. 72% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Worcester, MA-CT (511), Cambridge-Newton-Framingham, MA (152) and Boston, MA (64) (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 | 789 |
| Total Mortgage Loan Application Amount | $252,945,000 |
| Average Mortgage Loan Application Amount | $320,589 |
| Highest Mortgage Loan Application Amount | $10,565,000 |
| Average Applicant Income | $122,275 |
| Highest Applicant Income | $759,000 |
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records Fidelity Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Fidelity Co-Operative Bank in 2021
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 286 | $81,700,000 | $285,000 | $2,505,000 | $125,000 | $759,000 |
| Refinancing | 267 | $81,425,000 | $304,000 | $10,565,000 | $125,000 | $648,000 |
| Home Purchase | 212 | $81,890,000 | $386,000 | $2,055,000 | $118,000 | $586,000 |
| Home Improvement | 15 | $7,225,000 | $481,000 | $6,105,000 | $95,000 | $219,000 |
| Other Purpose | 9 | $705,000 | $78,000 | $275,000 | $101,000 | $223,000 |
| 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 | 613 | $176,015,000 | $287,000 | $2,505,000 | $126,000 | $759,000 |
| Not Provided | 79 | $20,645,000 | $261,000 | $995,000 | $113,000 | $395,000 |
| Hispanic | 40 | $7,500,000 | $187,000 | $585,000 | $74,000 | $272,000 |
| Not applicable | 29 | $37,495,000 | $1,292,000 | $10,565,000 | $0 | $0 |
| Asian | 22 | $9,400,000 | $427,000 | $1,115,000 | $146,000 | $400,000 |
| Black or African American | 5 | $1,595,000 | $319,000 | $465,000 | $99,000 | $133,000 |
| American Indian or Alaskan Native | 1 | $295,000 | $295,000 | $295,000 | $83,000 | $83,000 |
| 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) | 785 | $251,695,000 | $320,000 | $10,565,000 | $123,000 | $759,000 |
| FHA-insured (Federal Housing Administration) | 3 | $795,000 | $265,000 | $305,000 | $64,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 1 | $455,000 | $455,000 | $455,000 | $169,000 | $169,000 |
| 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 | 567 | $172,825,000 | $304,000 | $10,565,000 | $128,000 | $759,000 |
| Application Denied By Financial Institution | 84 | $26,020,000 | $309,000 | $1,105,000 | $95,000 | $500,000 |
| Application Withdrawn By Applicant | 68 | $17,190,000 | $252,000 | $705,000 | $97,000 | $303,000 |
| File Closed For Incompleteness | 23 | $8,815,000 | $383,000 | $2,505,000 | $176,000 | $527,000 |
| Application Approved But Not Accepted | 22 | $8,030,000 | $365,000 | $2,055,000 | $122,000 | $586,000 |
| Loan Purchased By The Institution | 19 | $18,285,000 | $962,000 | $1,965,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 4 | $1,230,000 | $307,000 | $505,000 | $84,000 | $111,000 |
| Preapproval Approved but not Accepted | 2 | $550,000 | $275,000 | $285,000 | $107,000 | $150,000 |
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 | 701 | $225,695,000 | $321,000 | $10,565,000 | $126,000 | $759,000 |
| Debt-To-Income Ratio | 42 | $11,160,000 | $265,000 | $1,105,000 | $70,000 | $323,000 |
| Credit History | 24 | $7,360,000 | $306,000 | $725,000 | $105,000 | $397,000 |
| Collateral | 10 | $3,980,000 | $398,000 | $1,095,000 | $144,000 | $500,000 |
| Other | 9 | $2,155,000 | $239,000 | $385,000 | $82,000 | $129,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $1,490,000 | $745,000 | $985,000 | $162,000 | $226,000 |
| Unverifiable Information | 1 | $1,105,000 | $1,105,000 | $1,105,000 | $302,000 | $302,000 |
| 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 2021 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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