Salem Co-Operative Bank Mortgage Lending & HMDA Data, 2011
In 2011, Salem Co-Operative Bank of Salem, NH reported 339 mortgage applications totaling $72.8 million. The average application was for $214,643, and applicants reported an average income of $123,300. 59% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Rockingham County-Strafford County, NH (197), Peabody, MA (71) and Manchester-Nashua, NH (32) (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 | 339 |
| Total Mortgage Loan Application Amount | $72,764,000 |
| Average Mortgage Loan Application Amount | $214,643 |
| Highest Mortgage Loan Application Amount | $995,000 |
| Average Applicant Income | $123,300 |
| Highest Applicant Income | $966,000 |
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(HMDA) records Salem Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 231 | $50,336,000 | $217,000 | $995,000 | $121,000 | $966,000 |
| Home Purchase | 107 | $22,418,000 | $209,000 | $851,000 | $129,000 | $943,000 |
| Home Improvement | 1 | $10,000 | $10,000 | $10,000 | $45,000 | $45,000 |
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 | 315 | $68,034,000 | $215,000 | $995,000 | $124,000 | $966,000 |
| Not Provided | 15 | $3,200,000 | $213,000 | $375,000 | $138,000 | $659,000 |
| Hispanic | 5 | $1,037,000 | $207,000 | $323,000 | $91,000 | $158,000 |
| Asian | 2 | $206,000 | $103,000 | $130,000 | $68,000 | $82,000 |
| Black or African American | 2 | $287,000 | $143,000 | $167,000 | $61,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 339 | $72,764,000 | $214,000 | $995,000 | $124,000 | $966,000 |
| 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 | 200 | $41,623,000 | $208,000 | $851,000 | $118,000 | $645,000 |
| Application Denied By Financial Institution | 56 | $12,951,000 | $231,000 | $995,000 | $92,000 | $576,000 |
| File Closed For Incompleteness | 32 | $7,966,000 | $248,000 | $558,000 | $209,000 | $966,000 |
| Application Withdrawn By Applicant | 28 | $5,768,000 | $206,000 | $407,000 | $142,000 | $659,000 |
| Preapproval Denied by Financial Institution | 13 | $2,822,000 | $217,000 | $479,000 | $92,000 | $237,000 |
| Application Approved But Not Accepted | 10 | $1,634,000 | $163,000 | $323,000 | $129,000 | $421,000 |
| 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 | 39 | $9,519,000 | $244,000 | $995,000 | $65,000 | $190,000 |
| Collateral | 14 | $3,005,000 | $214,000 | $330,000 | $138,000 | $426,000 |
| Credit History | 6 | $1,316,000 | $219,000 | $479,000 | $66,000 | $127,000 |
| Other | 4 | $915,000 | $228,000 | $464,000 | $261,000 | $576,000 |
| Employment History | 4 | $712,000 | $178,000 | $256,000 | $64,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $199,000 | $199,000 | $199,000 | $63,000 | $63,000 |
| Unverifiable Information | 1 | $107,000 | $107,000 | $107,000 | $109,000 | $109,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Salem Co-Operative Bank's 2011 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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