Salem Co-Operative Bank Mortgage Lending & HMDA Data, 2013
In 2013, Salem Co-Operative Bank of Salem, NH reported 430 mortgage applications totaling $89.8 million, down 16% from 2012. The average application was for $208,720, and applicants reported an average income of $106,139. 65% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Rockingham County-Strafford County, NH (286), Peabody, MA (77) and Manchester-Nashua, NH (51) (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 | 430 |
| Total Mortgage Loan Application Amount | $89,750,000 |
| Average Mortgage Loan Application Amount | $208,720 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $106,139 |
| Highest Applicant Income | $947,000 |
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(HMDA) records Salem Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rockingham County-Strafford County, NH | 286 | $ 57,478,000 | $ 200,972 | $ 109,000 |
| Peabody, MA | 77 | $ 16,475,000 | $ 213,961 | $ 99,000 |
| Manchester-Nashua, NH | 51 | $ 11,011,000 | $ 215,901 | $ 87,000 |
| Boston-Quincy, MA | 4 | $ 2,260,000 | $ 565,000 | $ 201,000 |
| Cambridge-Newton-Framingham, MA | 4 | $ 885,000 | $ 221,250 | $ 100,000 |
Mortgage Loan Application Detail Totals for Salem Co-Operative Bank in 2013
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 |
|---|---|---|---|---|---|---|
| Refinancing | 248 | $50,103,000 | $202,000 | $715,000 | $101,000 | $391,000 |
| Home Purchase | 138 | $32,269,000 | $233,000 | $1,000,000 | $110,000 | $562,000 |
| Home Improvement | 44 | $7,378,000 | $167,000 | $500,000 | $123,000 | $947,000 |
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 | 378 | $78,336,000 | $207,000 | $618,000 | $109,000 | $947,000 |
| Not Provided | 28 | $7,102,000 | $253,000 | $1,000,000 | $126,000 | $562,000 |
| Not applicable | 14 | $2,684,000 | $191,000 | $715,000 | $0 | $0 |
| Asian | 5 | $686,000 | $137,000 | $243,000 | $73,000 | $100,000 |
| Hispanic | 4 | $752,000 | $188,000 | $220,000 | $125,000 | $170,000 |
| American Indian or Alaskan Native | 1 | $190,000 | $190,000 | $190,000 | $175,000 | $175,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 430 | $89,750,000 | $208,000 | $1,000,000 | $106,000 | $947,000 |
| 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 | 278 | $58,230,000 | $209,000 | $1,000,000 | $111,000 | $947,000 |
| Application Denied By Financial Institution | 76 | $15,759,000 | $207,000 | $520,000 | $93,000 | $251,000 |
| Application Withdrawn By Applicant | 45 | $9,207,000 | $204,000 | $432,000 | $113,000 | $441,000 |
| File Closed For Incompleteness | 24 | $4,600,000 | $191,000 | $618,000 | $87,000 | $170,000 |
| Application Approved But Not Accepted | 7 | $1,954,000 | $279,000 | $500,000 | $64,000 | $177,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 28 | $5,992,000 | $214,000 | $480,000 | $68,000 | $170,000 |
| Collateral | 26 | $5,051,000 | $194,000 | $330,000 | $117,000 | $238,000 |
| Credit History | 14 | $3,036,000 | $216,000 | $335,000 | $96,000 | $227,000 |
| Employment History | 3 | $663,000 | $221,000 | $520,000 | $135,000 | $251,000 |
| Other | 2 | $498,000 | $249,000 | $300,000 | $85,000 | $90,000 |
| Unverifiable Information | 2 | $210,000 | $105,000 | $125,000 | $45,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $309,000 | $309,000 | $309,000 | $118,000 | $118,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Salem Co-Operative Bank's 2013 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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