Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2019
In 2019, Stonehambank - A Co-Operative of Stoneham, MA reported 360 mortgage applications totaling $159.9 million, up 43% from 2018. The average application was for $444,111, and applicants reported an average income of $171,852. 78% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (251), Boston, MA (62) and Providence-Warwick, RI-MA (13) (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 | 360 |
| Total Mortgage Loan Application Amount | $159,880,000 |
| Average Mortgage Loan Application Amount | $444,111 |
| Highest Mortgage Loan Application Amount | $8,705,000 |
| Average Applicant Income | $171,852 |
| Highest Applicant Income | $6,760,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 202 | $ 84,110,000 | $ 416,386 | $ 143,000 |
| Essex, Massachusetts | 49 | $ 26,845,000 | $ 547,857 | $ 332,000 |
| Suffolk, Massachusetts | 34 | $ 19,610,000 | $ 576,764 | $ 168,000 |
| Norfolk, Massachusetts | 17 | $ 8,515,000 | $ 500,882 | $ 178,000 |
| Plymouth, Massachusetts | 11 | $ 3,955,000 | $ 359,545 | $ 158,000 |
| Rockingham, New Hampshire | 11 | $ 3,085,000 | $ 280,454 | $ 119,000 |
| Barnstable, Massachusetts | 8 | $ 2,660,000 | $ 332,500 | $ 208,000 |
| Providence, Rhode Island | 8 | $ 3,980,000 | $ 497,500 | $ 0 |
| Hillsborough, New Hampshire | 7 | $ 2,885,000 | $ 412,142 | $ 111,000 |
| Bristol, Massachusetts | 5 | $ 1,335,000 | $ 267,000 | $ 111,000 |
| Worcester, Massachusetts | 3 | $ 1,295,000 | $ 431,666 | $ 168,000 |
| Nantucket, Massachusetts | 1 | $ 755,000 | $ 755,000 | $ 803,000 |
| Belknap, New Hampshire | 1 | $ 425,000 | $ 425,000 | $ 204,000 |
| Carroll, New Hampshire | 1 | $ 215,000 | $ 215,000 | $ 112,000 |
| Grafton, New Hampshire | 1 | $ 105,000 | $ 105,000 | $ 113,000 |
| Strafford, New Hampshire | 1 | $ 105,000 | $ 105,000 | $ 225,000 |
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2019
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 | 144 | $63,290,000 | $439,000 | $1,765,000 | $174,000 | $1,271,000 |
| Cash-out Refinancing | 104 | $53,780,000 | $517,000 | $8,705,000 | $143,000 | $1,470,000 |
| Refinancing | 95 | $35,335,000 | $371,000 | $1,175,000 | $213,000 | $6,760,000 |
| Home Improvement | 13 | $6,025,000 | $463,000 | $1,485,000 | $88,000 | $160,000 |
| Other Purpose | 4 | $1,450,000 | $362,000 | $595,000 | $140,000 | $245,000 |
| 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 | 279 | $103,305,000 | $370,000 | $1,765,000 | $176,000 | $6,760,000 |
| Not applicable | 42 | $39,250,000 | $934,000 | $8,705,000 | $0 | $0 |
| Asian | 14 | $5,780,000 | $412,000 | $715,000 | $150,000 | $438,000 |
| Hispanic | 9 | $3,195,000 | $355,000 | $515,000 | $80,000 | $123,000 |
| Black or African American | 7 | $3,295,000 | $470,000 | $845,000 | $113,000 | $216,000 |
| Not Provided | 7 | $4,325,000 | $617,000 | $1,465,000 | $381,000 | $1,083,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $730,000 | $365,000 | $425,000 | $91,000 | $123,000 |
| 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 | $150,185,000 | $443,000 | $8,705,000 | $178,000 | $6,760,000 |
| FHA-insured (Federal Housing Administration) | 15 | $7,155,000 | $477,000 | $845,000 | $131,000 | $342,000 |
| VA-guaranteed (Veterans Administration) | 6 | $2,540,000 | $423,000 | $495,000 | $88,000 | $220,000 |
| 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 | 279 | $115,345,000 | $413,000 | $2,705,000 | $161,000 | $1,470,000 |
| Application Withdrawn By Applicant | 36 | $26,900,000 | $747,000 | $8,705,000 | $365,000 | $6,760,000 |
| Application Denied By Financial Institution | 30 | $12,020,000 | $400,000 | $1,105,000 | $121,000 | $584,000 |
| File Closed For Incompleteness | 11 | $4,235,000 | $385,000 | $655,000 | $131,000 | $220,000 |
| Application Approved But Not Accepted | 4 | $1,380,000 | $345,000 | $445,000 | $139,000 | $174,000 |
| 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 | 360 | $159,880,000 | $444,000 | $8,705,000 | $174,000 | $6,760,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative's 2019 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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