Salem Co-Operative Bank Mortgage Lending & HMDA Data, 2025
In 2025, Salem Co-Operative Bank of Salem, NH reported 124 mortgage applications totaling $57.3 million, down 23% from 2024. The average application was for $461,935, and applicants reported an average income of $179,709. 57% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Rockingham County-Strafford County, NH (70), Cambridge-Newton-Framingham, MA (23) and Manchester-Nashua, NH (15) (applications in parentheses).
| Mortgage Company & Address | Salem Co-Operative Bank 3 South Broadway Salem, NH 03079 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 |
| Total Number of Mortgage Applications | 124 |
| Total Mortgage Loan Application Amount | $57,280,000 |
| Average Mortgage Loan Application Amount | $461,935 |
| Highest Mortgage Loan Application Amount | $3,505,000 |
| Average Applicant Income | $179,709 |
| Highest Applicant Income | $600,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Salem Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Salem Co-Operative Bank in 2025
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 | 63 | $40,435,000 | $641,000 | $3,505,000 | $206,000 | $600,000 |
| Refinancing | 26 | $14,030,000 | $539,000 | $3,445,000 | $153,000 | $336,000 |
| Home Improvement | 24 | $2,080,000 | $86,000 | $375,000 | $167,000 | $498,000 |
| Other Purpose | 11 | $735,000 | $66,000 | $235,000 | $120,000 | $412,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 96 | $32,770,000 | $341,000 | $1,805,000 | $169,000 | $600,000 |
| Not applicable | 10 | $17,100,000 | $1,710,000 | $3,505,000 | $0 | $0 |
| Not Provided | 9 | $2,315,000 | $257,000 | $655,000 | $162,000 | $336,000 |
| Hispanic | 5 | $1,505,000 | $301,000 | $415,000 | $211,000 | $412,000 |
| Asian | 2 | $2,010,000 | $1,005,000 | $1,005,000 | $393,000 | $394,000 |
| Black or African American | 2 | $1,580,000 | $790,000 | $1,545,000 | $406,000 | $521,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 124 | $57,280,000 | $461,000 | $3,505,000 | $178,000 | $600,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 71 | $33,005,000 | $464,000 | $3,445,000 | $184,000 | $521,000 |
| Application Denied By Financial Institution | 27 | $9,195,000 | $340,000 | $1,005,000 | $158,000 | $392,000 |
| Application Withdrawn By Applicant | 20 | $9,970,000 | $498,000 | $1,955,000 | $201,000 | $600,000 |
| Application Approved But Not Accepted | 5 | $5,065,000 | $1,013,000 | $3,505,000 | $91,000 | $156,000 |
| File Closed For Incompleteness | 1 | $45,000 | $45,000 | $45,000 | $189,000 | $189,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 97 | $48,085,000 | $495,000 | $3,505,000 | $184,000 | $600,000 |
| Debt-To-Income Ratio | 9 | $3,135,000 | $348,000 | $605,000 | $106,000 | $181,000 |
| Credit Application Incomplete | 5 | $1,015,000 | $203,000 | $385,000 | $120,000 | $178,000 |
| Credit History | 5 | $1,125,000 | $225,000 | $415,000 | $149,000 | $377,000 |
| Collateral | 3 | $1,525,000 | $508,000 | $1,005,000 | $313,000 | $392,000 |
| Other | 2 | $1,190,000 | $595,000 | $685,000 | $216,000 | $221,000 |
| Unverifiable Information | 2 | $710,000 | $355,000 | $655,000 | $218,000 | $336,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $495,000 | $495,000 | $495,000 | $108,000 | $108,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Salem Co-Operative Bank's 2025 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 Salem 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 New Hampshire, download the full spreadsheet
with aggregated HMDA statistics today.
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