Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2015
In 2015, Stonehambank - A Co-Operative of Stoneham, MA reported 345 mortgage applications totaling $116.8 million, up 47% from 2014. The average application was for $338,530, and applicants reported an average income of $112,843. 75% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (297), Boston, MA (15) and Rockingham County-Strafford County, NH (12) (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 | 345 |
| Total Mortgage Loan Application Amount | $116,793,000 |
| Average Mortgage Loan Application Amount | $338,530 |
| Highest Mortgage Loan Application Amount | $3,280,000 |
| Average Applicant Income | $112,843 |
| Highest Applicant Income | $1,222,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 297 | $ 99,130,000 | $ 333,771 | $ 106,000 |
| Boston, MA | 15 | $ 6,710,000 | $ 447,333 | $ 130,000 |
| Rockingham County-Strafford County, NH | 12 | $ 2,499,000 | $ 208,250 | $ 68,000 |
| Manchester-Nashua, NH | 9 | $ 2,469,000 | $ 274,333 | $ 131,000 |
| Barnstable Town, MA | 4 | $ 2,583,000 | $ 645,750 | $ 495,000 |
| Worcester, MA-CT | 4 | $ 1,590,000 | $ 397,500 | $ 135,000 |
| Providence-Warwick, RI-MA | 1 | $ 196,000 | $ 196,000 | $ 0 |
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2015
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 | 185 | $70,040,000 | $378,000 | $3,280,000 | $107,000 | $933,000 |
| Refinancing | 128 | $36,983,000 | $288,000 | $1,557,000 | $123,000 | $1,222,000 |
| Home Improvement | 32 | $9,770,000 | $305,000 | $1,710,000 | $106,000 | $239,000 |
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 | 248 | $72,206,000 | $291,000 | $1,557,000 | $120,000 | $933,000 |
| Not applicable | 43 | $26,533,000 | $617,000 | $3,280,000 | $0 | $0 |
| Not Provided | 23 | $8,328,000 | $362,000 | $950,000 | $234,000 | $878,000 |
| Hispanic | 14 | $3,271,000 | $233,000 | $403,000 | $79,000 | $272,000 |
| Asian | 11 | $4,964,000 | $451,000 | $1,425,000 | $215,000 | $1,222,000 |
| Black or African American | 5 | $1,286,000 | $257,000 | $385,000 | $64,000 | $81,000 |
| American Indian or Alaskan Native | 1 | $205,000 | $205,000 | $205,000 | $92,000 | $92,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 321 | $108,883,000 | $339,000 | $3,280,000 | $115,000 | $1,222,000 |
| FHA-insured (Federal Housing Administration) | 19 | $6,321,000 | $332,000 | $502,000 | $90,000 | $272,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,589,000 | $317,000 | $390,000 | $96,000 | $158,000 |
| 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 | 259 | $87,479,000 | $337,000 | $3,280,000 | $113,000 | $1,222,000 |
| Application Denied By Financial Institution | 40 | $14,301,000 | $357,000 | $1,557,000 | $102,000 | $513,000 |
| Application Withdrawn By Applicant | 40 | $13,695,000 | $342,000 | $950,000 | $121,000 | $933,000 |
| File Closed For Incompleteness | 3 | $396,000 | $132,000 | $196,000 | $103,000 | $139,000 |
| Application Approved But Not Accepted | 3 | $922,000 | $307,000 | $650,000 | $145,000 | $407,000 |
| 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 | 9 | $4,244,000 | $471,000 | $1,525,000 | $93,000 | $247,000 |
| Other | 4 | $2,542,000 | $635,000 | $1,557,000 | $211,000 | $513,000 |
| Collateral | 1 | $202,000 | $202,000 | $202,000 | $135,000 | $135,000 |
| Employment History | 1 | $368,000 | $368,000 | $368,000 | $76,000 | $76,000 |
| Credit History | 1 | $190,000 | $190,000 | $190,000 | $118,000 | $118,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative's 2015 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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