Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2016
In 2016, Stonehambank - A Co-Operative of Stoneham, MA reported 474 mortgage applications totaling $181.5 million, up 37% from 2015. The average application was for $382,981, and applicants reported an average income of $124,295. 78% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (361), Boston, MA (62) and Rockingham County-Strafford County, NH (17) (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 | 474 |
| Total Mortgage Loan Application Amount | $181,533,000 |
| Average Mortgage Loan Application Amount | $382,981 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $124,295 |
| Highest Applicant Income | $1,774,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 361 | $ 122,084,000 | $ 338,182 | $ 120,000 |
| Boston, MA | 62 | $ 43,319,000 | $ 698,693 | $ 118,000 |
| Rockingham County-Strafford County, NH | 17 | $ 4,375,000 | $ 257,352 | $ 95,000 |
| Manchester-Nashua, NH | 10 | $ 2,142,000 | $ 214,200 | $ 128,000 |
| Worcester, MA-CT | 9 | $ 4,820,000 | $ 535,555 | $ 335,000 |
| Barnstable Town, MA | 3 | $ 606,000 | $ 202,000 | $ 106,000 |
| Providence-Warwick, RI-MA | 3 | $ 1,023,000 | $ 341,000 | $ 32,666 |
| Springfield, MA | 3 | $ 866,000 | $ 288,666 | $ 130,000 |
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2016
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 | 214 | $85,216,000 | $398,000 | $2,909,000 | $119,000 | $1,774,000 |
| Refinancing | 198 | $79,462,000 | $401,000 | $10,000,000 | $137,000 | $625,000 |
| Home Improvement | 62 | $16,855,000 | $271,000 | $825,000 | $102,000 | $347,000 |
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 | 357 | $115,077,000 | $322,000 | $2,350,000 | $143,000 | $1,774,000 |
| Not applicable | 51 | $45,855,000 | $899,000 | $10,000,000 | $0 | $0 |
| Not Provided | 22 | $6,827,000 | $310,000 | $809,000 | $151,000 | $493,000 |
| Asian | 22 | $7,012,000 | $318,000 | $732,000 | $113,000 | $330,000 |
| Hispanic | 16 | $4,417,000 | $276,000 | $521,000 | $95,000 | $151,000 |
| Black or African American | 5 | $2,054,000 | $410,000 | $541,000 | $101,000 | $120,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $291,000 | $291,000 | $291,000 | $53,000 | $53,000 |
| 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) | 446 | $171,192,000 | $383,000 | $10,000,000 | $125,000 | $1,774,000 |
| FHA-insured (Federal Housing Administration) | 23 | $8,456,000 | $367,000 | $755,000 | $98,000 | $225,000 |
| VA-guaranteed (Veterans Administration) | 5 | $1,885,000 | $377,000 | $439,000 | $121,000 | $164,000 |
| 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 | 370 | $145,819,000 | $394,000 | $10,000,000 | $126,000 | $1,774,000 |
| Application Denied By Financial Institution | 48 | $16,864,000 | $351,000 | $2,313,000 | $117,000 | $547,000 |
| Application Withdrawn By Applicant | 36 | $12,422,000 | $345,000 | $2,538,000 | $125,000 | $545,000 |
| File Closed For Incompleteness | 12 | $4,082,000 | $340,000 | $575,000 | $118,000 | $350,000 |
| Application Approved But Not Accepted | 8 | $2,346,000 | $293,000 | $901,000 | $76,000 | $166,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $190,000 | $190,000 | $190,000 | $59,000 | $59,000 |
| Collateral | 1 | $128,000 | $128,000 | $128,000 | $216,000 | $216,000 |
| Other | 1 | $270,000 | $270,000 | $270,000 | $61,000 | $61,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative's 2016 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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