Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2003
In 2003, Stonehambank - A Co-Operative of Stoneham, MA reported 1,717 mortgage applications totaling $325.2 million. The average application was for $189,422, and applicants reported an average income of $75,534. 89% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Boston, MA-NH (1,142), Lowell, MA-NH (320) and Lawrence, MA-NH (100) (applications in parentheses).
| Mortgage Company & Address | Stonehambank - A Co-Operative 80 Montvale Ave Stoneham, MA 02180 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 | 1,717 |
| Total Mortgage Loan Application Amount | $325,239,000 |
| Average Mortgage Loan Application Amount | $189,422 |
| Highest Mortgage Loan Application Amount | $718,000 |
| Average Applicant Income | $75,534 |
| Highest Applicant Income | $1,085,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Middlesex, Massachusetts | 1,156 | $ 214,086,000 | $ 185,195 | $ 72,000 |
| Essex, Massachusetts | 290 | $ 60,325,000 | $ 208,017 | $ 80,000 |
| Suffolk, Massachusetts | 84 | $ 18,591,000 | $ 221,321 | $ 79,000 |
| Rockingham, New Hampshire | 37 | $ 7,204,000 | $ 194,702 | $ 81,000 |
| Worcester, Massachusetts | 36 | $ 5,668,000 | $ 157,444 | $ 74,000 |
| Hillsborough, New Hampshire | 30 | $ 5,432,000 | $ 181,066 | $ 75,000 |
| Norfolk, Massachusetts | 23 | $ 3,986,000 | $ 173,304 | $ 77,000 |
| Bristol, Massachusetts | 19 | $ 3,602,000 | $ 189,578 | $ 63,000 |
| Barnstable, Massachusetts | 10 | $ 1,781,000 | $ 178,100 | $ 127,000 |
| Plymouth, Massachusetts | 10 | $ 1,506,000 | $ 150,600 | $ 78,000 |
| Belknap, New Hampshire | 8 | $ 1,088,000 | $ 136,000 | $ 94,000 |
| Carroll, New Hampshire | 6 | $ 745,000 | $ 124,166 | $ 74,000 |
| Merrimack, New Hampshire | 4 | $ 768,000 | $ 192,000 | $ 81,000 |
| Cheshire, New Hampshire | 1 | $ 92,000 | $ 92,000 | $ 41,000 |
| Coos, New Hampshire | 1 | $ 100,000 | $ 100,000 | $ 115,000 |
| Grafton, New Hampshire | 1 | $ 110,000 | $ 110,000 | $ 144,000 |
| Strafford, New Hampshire | 1 | $ 155,000 | $ 155,000 | $ 69,000 |
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2003
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 (home purchase or home improvement, one-to-four family) | 1,423 | $258,591,000 | $170,000 | $718,000 | $76,000 | $1,085,000 |
| Home Purchase (one-to-four family) | 294 | $66,648,000 | $215,500 | $672,000 | $83,000 | $500,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 1,618 | $306,195,000 | $182,500 | $718,000 | $76,000 | $1,085,000 |
| Hispanic | 27 | $5,522,000 | $204,000 | $339,000 | $84,000 | $166,000 |
| Asian or Pacific Islander | 26 | $5,364,000 | $199,000 | $450,000 | $80,500 | $243,000 |
| Information not provided by applicant in mail or telephone application | 20 | $3,141,000 | $157,000 | $330,000 | $97,000 | $195,000 |
| Other | 14 | $2,851,000 | $184,500 | $354,000 | $89,000 | $237,000 |
| Black | 11 | $1,945,000 | $176,000 | $338,000 | $83,000 | $162,000 |
| American Indian or Alaskan Native | 1 | $221,000 | $221,000 | $221,000 | $55,000 | $55,000 |
| Not applicable | 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) | 1,686 | $319,138,000 | $182,000 | $718,000 | $78,000 | $1,085,000 |
| FHA-insured (Federal Housing Administration) | 28 | $5,474,000 | $200,500 | $439,000 | $83,500 | $238,000 |
| VA-guaranteed (Veterans Administration) | 3 | $627,000 | $207,500 | $240,000 | $97,500 | $103,000 |
| 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 | 1,528 | $284,585,000 | $178,500 | $672,000 | $84,500 | $1,031,000 |
| Application Approved But Not Accepted | 74 | $15,853,000 | $218,500 | $718,000 | $66,000 | $252,000 |
| Application Withdrawn By Applicant | 67 | $14,978,000 | $174,500 | $650,000 | $67,000 | $1,085,000 |
| Application Denied By Financial Institution | 46 | $9,541,000 | $208,500 | $650,000 | $63,500 | $288,000 |
| File Closed For Incompleteness | 2 | $282,000 | $141,000 | $157,000 | $52,500 | $82,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 20 | $4,338,000 | $246,000 | $650,000 | $73,500 | $288,000 |
| Debt-To-Income Ratio | 13 | $2,991,000 | $230,000 | $525,000 | $44,000 | $80,000 |
| Collateral | 3 | $569,000 | $216,500 | $298,000 | $42,000 | $108,000 |
| Other | 2 | $445,000 | $222,500 | $248,000 | $54,500 | $89,000 |
| Unverifiable Information | 1 | $92,000 | $92,000 | $92,000 | $41,000 | $41,000 |
| Employment History | 1 | $228,000 | $228,000 | $228,000 | $85,000 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $40,000 | $40,000 | $40,000 | $29,000 | $29,000 |
| 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 Stonehambank - A Co-Operative's 2003 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 Stonehambank - A Co-Operative'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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