Salem Co-Operative Bank Mortgage Lending & HMDA Data, 2012
In 2012, Salem Co-Operative Bank of Salem, NH reported 512 mortgage applications totaling $103.7 million, up 51% from 2011. The average application was for $202,634, and applicants reported an average income of $110,273. 59% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Rockingham County-Strafford County, NH (330), Peabody, MA (80) and Manchester-Nashua, NH (53) (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 | 512 |
| Total Mortgage Loan Application Amount | $103,749,000 |
| Average Mortgage Loan Application Amount | $202,634 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $110,273 |
| Highest Applicant Income | $1,800,000 |
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(HMDA) records Salem Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012
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 | 388 | $78,666,000 | $202,000 | $1,000,000 | $111,000 | $1,800,000 |
| Home Purchase | 124 | $25,083,000 | $202,000 | $713,000 | $108,000 | $698,000 |
| Home Improvement | 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 | 469 | $93,871,000 | $200,000 | $1,000,000 | $112,000 | $1,800,000 |
| Not Provided | 21 | $4,903,000 | $233,000 | $533,000 | $113,000 | $238,000 |
| Not applicable | 9 | $2,248,000 | $249,000 | $500,000 | $0 | $0 |
| Hispanic | 6 | $902,000 | $150,000 | $308,000 | $63,000 | $116,000 |
| Asian | 4 | $1,122,000 | $280,000 | $670,000 | $129,000 | $275,000 |
| Black or African American | 3 | $703,000 | $234,000 | $357,000 | $109,000 | $168,000 |
| 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) | 512 | $103,749,000 | $202,000 | $1,000,000 | $110,000 | $1,800,000 |
| 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 | 303 | $59,408,000 | $196,000 | $994,000 | $118,000 | $1,800,000 |
| Application Denied By Financial Institution | 85 | $18,212,000 | $214,000 | $670,000 | $95,000 | $257,000 |
| Application Withdrawn By Applicant | 49 | $11,276,000 | $230,000 | $1,000,000 | $102,000 | $267,000 |
| File Closed For Incompleteness | 44 | $8,851,000 | $201,000 | $556,000 | $111,000 | $960,000 |
| Preapproval Denied by Financial Institution | 25 | $4,543,000 | $181,000 | $713,000 | $68,000 | $250,000 |
| Application Approved But Not Accepted | 5 | $1,042,000 | $208,000 | $408,000 | $141,000 | $421,000 |
| Preapproval Approved but not Accepted | 1 | $417,000 | $417,000 | $417,000 | $175,000 | $175,000 |
| Loan Purchased By The 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 | 34 | $6,055,000 | $178,000 | $450,000 | $60,000 | $188,000 |
| Credit History | 32 | $5,762,000 | $180,000 | $420,000 | $88,000 | $211,000 |
| Collateral | 20 | $4,994,000 | $249,000 | $533,000 | $103,000 | $257,000 |
| Other | 17 | $4,347,000 | $255,000 | $713,000 | $123,000 | $250,000 |
| Unverifiable Information | 2 | $514,000 | $257,000 | $302,000 | $169,000 | $250,000 |
| Employment History | 2 | $625,000 | $312,000 | $400,000 | $84,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $187,000 | $187,000 | $187,000 | $100,000 | $100,000 |
| Mortgage Insurance Denied | 1 | $109,000 | $109,000 | $109,000 | $51,000 | $51,000 |
| Credit Application Incomplete | 1 | $162,000 | $162,000 | $162,000 | $108,000 | $108,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Salem Co-Operative Bank's 2012 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About