Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2018
In 2018, Stonehambank - A Co-Operative of Stoneham, MA reported 251 mortgage applications totaling $92.1 million, down 23% from 2017. The average application was for $366,872, and applicants reported an average income of $153,418. 78% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (173), Boston, MA (40) and Rockingham County-Strafford County, NH (9) (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 | 251 |
| Total Mortgage Loan Application Amount | $92,085,000 |
| Average Mortgage Loan Application Amount | $366,872 |
| Highest Mortgage Loan Application Amount | $2,605,000 |
| Average Applicant Income | $153,418 |
| Highest Applicant Income | $1,703,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 173 | $ 59,755,000 | $ 345,404 | $ 139,000 |
| Boston, MA | 40 | $ 20,630,000 | $ 515,750 | $ 194,000 |
| Rockingham County-Strafford County, NH | 9 | $ 2,145,000 | $ 238,333 | $ 85,000 |
| Manchester-Nashua, NH | 8 | $ 1,750,000 | $ 218,750 | $ 103,000 |
| Worcester, MA-CT | 7 | $ 3,885,000 | $ 555,000 | $ 284,000 |
| Providence-Warwick, RI-MA | 6 | $ 1,570,000 | $ 261,666 | $ 101,166 |
| Outside any metro area | 4 | $ 1,180,000 | $ 295,000 | $ 296,000 |
| Barnstable Town, MA | 3 | $ 1,055,000 | $ 351,666 | $ 537,000 |
| Springfield, MA | 1 | $ 115,000 | $ 115,000 | $ 32,000 |
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2018
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 | 152 | $55,470,000 | $364,000 | $2,005,000 | $150,000 | $1,534,000 |
| Cash-out Refinancing | 60 | $25,100,000 | $418,000 | $2,605,000 | $159,000 | $1,697,000 |
| Refinancing | 24 | $8,070,000 | $336,000 | $925,000 | $112,000 | $212,000 |
| Home Improvement | 9 | $2,045,000 | $227,000 | $445,000 | $126,000 | $217,000 |
| Other Purpose | 6 | $1,400,000 | $233,000 | $305,000 | $391,000 | $1,703,000 |
| 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 | 183 | $60,405,000 | $330,000 | $2,605,000 | $159,000 | $1,703,000 |
| Not applicable | 34 | $15,350,000 | $451,000 | $985,000 | $0 | $0 |
| Hispanic | 10 | $3,390,000 | $339,000 | $465,000 | $109,000 | $128,000 |
| Black or African American | 9 | $3,065,000 | $340,000 | $625,000 | $82,000 | $135,000 |
| Asian | 7 | $4,655,000 | $665,000 | $2,005,000 | $151,000 | $187,000 |
| Not Provided | 6 | $4,280,000 | $713,000 | $2,485,000 | $178,000 | $287,000 |
| American Indian or Alaskan Native | 2 | $940,000 | $470,000 | $605,000 | $117,000 | $162,000 |
| 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) | 240 | $87,360,000 | $364,000 | $2,605,000 | $157,000 | $1,703,000 |
| FHA-insured (Federal Housing Administration) | 9 | $3,825,000 | $425,000 | $625,000 | $91,000 | $141,000 |
| VA-guaranteed (Veterans Administration) | 2 | $900,000 | $450,000 | $475,000 | $93,000 | $100,000 |
| 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 | 195 | $68,545,000 | $351,000 | $2,485,000 | $162,000 | $1,703,000 |
| Application Denied By Financial Institution | 25 | $11,455,000 | $458,000 | $2,605,000 | $131,000 | $1,094,000 |
| Application Withdrawn By Applicant | 17 | $6,965,000 | $409,000 | $985,000 | $129,000 | $359,000 |
| File Closed For Incompleteness | 8 | $2,330,000 | $291,000 | $575,000 | $90,000 | $187,000 |
| Application Approved But Not Accepted | 6 | $2,790,000 | $465,000 | $765,000 | $167,000 | $180,000 |
| 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 | 251 | $92,085,000 | $366,000 | $2,605,000 | $154,000 | $1,703,000 |
| 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 2018 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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