Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2020
In 2020, Stonehambank - A Co-Operative of Stoneham, MA reported 655 mortgage applications totaling $242.8 million, up 82% from 2019. The average application was for $370,664, and applicants reported an average income of $140,909. 85% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (459), Boston, MA (106) and Providence-Warwick, RI-MA (19) (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 | 655 |
| Total Mortgage Loan Application Amount | $242,785,000 |
| Average Mortgage Loan Application Amount | $370,664 |
| Highest Mortgage Loan Application Amount | $2,335,000 |
| Average Applicant Income | $140,909 |
| Highest Applicant Income | $2,172,000 |
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records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 315 | $113,655,000 | $360,000 | $2,335,000 | $143,000 | $1,185,000 |
| Cash-out Refinancing | 173 | $61,535,000 | $355,000 | $1,645,000 | $134,000 | $847,000 |
| Home Purchase | 161 | $65,655,000 | $407,000 | $1,665,000 | $144,000 | $2,172,000 |
| Home Improvement | 3 | $905,000 | $301,000 | $755,000 | $80,000 | $112,000 |
| Other Purpose | 3 | $1,035,000 | $345,000 | $565,000 | $215,000 | $252,000 |
| 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 | 542 | $184,580,000 | $340,000 | $1,495,000 | $142,000 | $2,172,000 |
| Not applicable | 50 | $33,620,000 | $672,000 | $2,335,000 | $0 | $0 |
| Asian | 23 | $9,045,000 | $393,000 | $715,000 | $136,000 | $232,000 |
| Black or African American | 14 | $5,060,000 | $361,000 | $635,000 | $100,000 | $213,000 |
| Hispanic | 12 | $4,060,000 | $338,000 | $655,000 | $109,000 | $195,000 |
| Not Provided | 7 | $3,425,000 | $489,000 | $785,000 | $184,000 | $425,000 |
| American Indian or Alaskan Native | 4 | $1,450,000 | $362,000 | $605,000 | $163,000 | $209,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,545,000 | $515,000 | $545,000 | $138,000 | $152,000 |
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) | 642 | $237,390,000 | $369,000 | $2,335,000 | $142,000 | $2,172,000 |
| FHA-insured (Federal Housing Administration) | 9 | $3,865,000 | $429,000 | $635,000 | $95,000 | $172,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,530,000 | $382,000 | $455,000 | $39,000 | $81,000 |
| 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 | 559 | $206,465,000 | $369,000 | $2,335,000 | $144,000 | $2,172,000 |
| Application Denied By Financial Institution | 47 | $19,515,000 | $415,000 | $1,005,000 | $113,000 | $531,000 |
| Application Withdrawn By Applicant | 27 | $8,735,000 | $323,000 | $565,000 | $129,000 | $309,000 |
| File Closed For Incompleteness | 19 | $6,925,000 | $364,000 | $645,000 | $128,000 | $311,000 |
| Application Approved But Not Accepted | 2 | $960,000 | $480,000 | $495,000 | $164,000 | $201,000 |
| Loan Purchased By The Institution | 1 | $185,000 | $185,000 | $185,000 | $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 | 655 | $242,785,000 | $370,000 | $2,335,000 | $141,000 | $2,172,000 |
| 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 2020 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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