Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2017
In 2017, Stonehambank - A Co-Operative of Stoneham, MA reported 328 mortgage applications totaling $129.5 million, down 31% from 2016. The average application was for $394,826, and applicants reported an average income of $127,286. 78% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (226), Boston, MA (67) and Rockingham County-Strafford County, NH (11) (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 | 328 |
| Total Mortgage Loan Application Amount | $129,503,000 |
| Average Mortgage Loan Application Amount | $394,826 |
| Highest Mortgage Loan Application Amount | $5,100,000 |
| Average Applicant Income | $127,286 |
| Highest Applicant Income | $1,403,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2017
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 | 175 | $69,144,000 | $395,000 | $5,025,000 | $136,000 | $1,403,000 |
| Refinancing | 112 | $42,749,000 | $381,000 | $2,500,000 | $120,000 | $1,368,000 |
| Home Improvement | 41 | $17,610,000 | $429,000 | $5,100,000 | $110,000 | $284,000 |
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 | 237 | $80,830,000 | $341,000 | $1,290,000 | $153,000 | $1,403,000 |
| Not applicable | 41 | $32,443,000 | $791,000 | $5,100,000 | $0 | $0 |
| Not Provided | 16 | $4,403,000 | $275,000 | $602,000 | $115,000 | $230,000 |
| Hispanic | 13 | $4,697,000 | $361,000 | $788,000 | $103,000 | $214,000 |
| Asian | 9 | $3,390,000 | $376,000 | $1,407,000 | $162,000 | $600,000 |
| Black or African American | 7 | $2,330,000 | $332,000 | $697,000 | $65,000 | $129,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,042,000 | $347,000 | $355,000 | $98,000 | $171,000 |
| American Indian or Alaskan Native | 2 | $368,000 | $184,000 | $244,000 | $101,000 | $127,000 |
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) | 302 | $120,202,000 | $398,000 | $5,100,000 | $129,000 | $1,403,000 |
| FHA-insured (Federal Housing Administration) | 18 | $6,244,000 | $346,000 | $697,000 | $100,000 | $158,000 |
| VA-guaranteed (Veterans Administration) | 8 | $3,057,000 | $382,000 | $598,000 | $117,000 | $198,000 |
| 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 | 257 | $96,926,000 | $377,000 | $2,500,000 | $134,000 | $1,403,000 |
| Application Denied By Financial Institution | 35 | $19,868,000 | $567,000 | $5,100,000 | $77,000 | $338,000 |
| Application Withdrawn By Applicant | 21 | $7,059,000 | $336,000 | $800,000 | $163,000 | $900,000 |
| File Closed For Incompleteness | 13 | $5,446,000 | $418,000 | $960,000 | $101,000 | $295,000 |
| Application Approved But Not Accepted | 2 | $204,000 | $102,000 | $130,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 |
| Other | 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 2017 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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